This company lost its #1 market position when a well-known brand entered the category. Terrell Marketing Group discovered a new-to-the-category consumer benefit. With this learning a unique, proprietary, and new-to-the-category positioning and product were developed. The company introduced this new product and positioning, regained its #1 market position and regained its premium price position. A major financial and morale success for the company.
- Strategy
- Market research
- Innovation
- Product Development
- Target Audience
- Positioning