International Conference on Environmental Awareness for Sustainable Development in conjunction with International Conference on Challenge and Opportunities Sustainable Environmental Development, ICEASD & ICCOSED 2019, 1-2 April 2019, Kendari, Indonesia

Research Article

Market Segmentation as A Marketing Strategy to Achieve The Market of The Company Market

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  • @INPROCEEDINGS{10.4108/eai.1-4-2019.2287266,
        author={Widi  Winarso and Rorim  Panday and Adelina  Suryati},
        title={Market Segmentation as A Marketing Strategy to Achieve The Market of The Company Market},
        proceedings={International Conference on Environmental Awareness for Sustainable Development in conjunction with International Conference on Challenge and Opportunities Sustainable Environmental Development, ICEASD \& ICCOSED 2019, 1-2 April 2019, Kendari, Indonesia},
        publisher={EAI},
        proceedings_a={ICEASD\&ICCOSED},
        year={2019},
        month={9},
        keywords={market segmentation market share},
        doi={10.4108/eai.1-4-2019.2287266}
    }
    
  • Widi Winarso
    Rorim Panday
    Adelina Suryati
    Year: 2019
    Market Segmentation as A Marketing Strategy to Achieve The Market of The Company Market
    ICEASD&ICCOSED
    EAI
    DOI: 10.4108/eai.1-4-2019.2287266
Widi Winarso1,*, Rorim Panday1, Adelina Suryati2
  • 1: Economic Faculty, Bhayangkara Jakarta Raya University, Jl. Perjuangan, Marga Mulya, Bekasi Utara, Jawa Barat, Indonesia
  • 2: PhD Student of Economic Department, Trisakti University, Grogol, Jakarta Barat, Indonesia
*Contact email: widi.winarso@dsn.ubharajaya.ac.id

Abstract

One of the strategies applied by the company to dominate the market amid fierce competition is to target the target market (market segmentation). Market segmentation is to divide the market into subdivisions of groups of people and institutions as consumers and customers who have similarities in responding to products and services sold or marketed by companies. The research method used in scientific research is a method of literature review, namely the method by collecting data by reading books and literature related to the subject matter. This study discusses the extent to which market segmentation strategies play a role for companies in capturing market share. Finally, it can be concluded that the strategy in identifying and selecting the target market is very important in capturing the increasingly fierce market share of competition.