from caliper.com
Definition
Geodemography or geodemographics is the study of the population and its characteristics, divided according to regions on a geographical basis and involves application of clustering techniques to group statistically similar neighborhood and areas.
The main source of data for this study is the census. However, periodicity of census data being high, other sources like country court judgements, property valuation and household council tax bands data are also used. [1]
In marketing, geodemographics or geodemographic segmentation refers to demographic consumer behavior and lifestyle data segmented by arbitrary geographic boundaries that are typically quite small. [2]
A geocentric orientation (or world orientation) is based upon the assumption that there are similarities and differences in the world that can be understood and recognized in an integrated global strategy. It is a synthesis of the ethnocentric orientation (home country) and polycentric orientation (host country). [2]
Regiocentric orientation or regiocentrism is an attitude toward internationalization with the focus on regional orientation. [2]
See Also
References
- mbaSKOOL, mbaskool.com/business-concepts/marketing-and-strategy-terms/7264-geodemographics.html, 2021.
- American Marketing Association, AMA Dictionary.