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MARKETING COMMUNICATION © 2004 Mark H. Hansen Marketing Communication Integrated Marketing Communication (IMC) 1 – provide answers to primary questions 2 – facilitate customers’ ability to make a correct decision 3 – increase the probability that the choice they make most often will be the brand of the marketer © 2004 Mark H. Hansen 2 Marketing Communication • Marketing communication is a dialogue – two way • Marketers must ‘listen’ to customers • Target audience is broader than the target market • Communication must be accurate & convincing © 2004 Mark H. Hansen 3 Marketing Communication IMC Process 1- Objectives 5 - Budget 2 - Promotional Opportunities 6 - Allocate Funds 3 - Audience 7 - Measure Results 4 - Message 8 - Organizing © 2004 Mark H. Hansen 4 Marketing Communication The Promotion Mix Determining the Mix • advertising • objectives • personal selling • nature of product • public relations • product lifecycle • sales promotion • available resources © 2004 Mark H. Hansen 5 Marketing Communication Advertising Creative Strategy • what are you going to say? • what is the ‘appeal’ going to be? • product features • price advantage • product popularity (Number One!) © 2004 Mark H. Hansen 6 Marketing Communication Advertising Media Plan (tv, radio, papers, mags, outdoor, mail) • how much of each media will be used? • reach – how many will see the message • frequency – how often will the message be seen • continuity – how will the message be spread over time © 2004 Mark H. Hansen 7 Marketing Communication Sales Promotion • a ‘special’ offer that is not part of the product or the usual pricing policy • couponing could be sales promotion to one firm and a matter of policy to another • one-time or infrequent • create a sense of urgency in the consumer © 2004 Mark H. Hansen 8 Marketing Communication Public Relations • it’s all about goodwill • it’s meticulously orchestrated • it deals with multiple publics • it’s a matter of doing good and taking credit for it • it’s open to varied interpretation - some may love you for it, others may hate you © 2004 Mark H. Hansen 9 Marketing Communication Personal Selling • surprisingly separate from other marketing communication mix elements Why? • used when other mix elements are inadequate • product type (mainframe computer, tractor) • highly individualized product (custom clothing) © 2004 Mark H. Hansen 10 Marketing Communication Personal Selling • if personal selling is viewed as a substitute for other mix elements, then the role of personal selling is likely to change in the future • it will become more matter of relationship management • it will become a matter of order taking with highly detailed orders—as opposed to persuasion © 2004 Mark H. Hansen 11 Marketing Communication Personal Selling Selling Process • prospecting • pre-approach • planning the presentation • delivering the presentation • handling objections © 2004 Mark H. Hansen 12 Marketing Communication Personal Selling Selling Process cont. • closing • follow-up Highly personal contact with customer allows customization – even if the product doesn’t change Personal selling is expensive! © 2004 Mark H. Hansen 13 Marketing Communication Summary… …communication is necessary to bring the customer and the product together …communication is a dialogue …communication takes many forms …communication is a competitive lever © 2004 Mark H. Hansen 14 Marketing Communication © 2004 Mark H. Hansen 15