* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download Promotion Management
Bayesian inference in marketing wikipedia , lookup
Advertising wikipedia , lookup
Food marketing wikipedia , lookup
Social media marketing wikipedia , lookup
Sales process engineering wikipedia , lookup
Targeted advertising wikipedia , lookup
Marketing research wikipedia , lookup
Affiliate marketing wikipedia , lookup
Neuromarketing wikipedia , lookup
Target audience wikipedia , lookup
Advertising management wikipedia , lookup
Product planning wikipedia , lookup
Internal communications wikipedia , lookup
Multi-level marketing wikipedia , lookup
Guerrilla marketing wikipedia , lookup
Target market wikipedia , lookup
Digital marketing wikipedia , lookup
Youth marketing wikipedia , lookup
Marketing channel wikipedia , lookup
Ambush marketing wikipedia , lookup
Marketing plan wikipedia , lookup
Marketing communications wikipedia , lookup
Viral marketing wikipedia , lookup
Multicultural marketing wikipedia , lookup
Marketing strategy wikipedia , lookup
Green marketing wikipedia , lookup
Street marketing wikipedia , lookup
Sensory branding wikipedia , lookup
Direct marketing wikipedia , lookup
Global marketing wikipedia , lookup
Marketing mix modeling wikipedia , lookup
Chapter 1 Integrated Marketing Communications Chapter Objectives We will: 1. Review the various elements of the promotional mix 2. Summarize the IMC planning process and examine the steps in a marketing communications program Chapter 1: IMC Chapter Objectives 3. Introduce the concept of integrated marketing communications 4. Examine how various elements must be coordinated to communicate effectively with the IMC perspective Chapter 1: IMC The Marketing & Promotional Mixes Product Price Place Elements of the Promotional Mix Advertising Direct marketing Internet Marketing Sales promotion Publicity/public relations Personal selling Chapter 1: IMC Promotion Elements of the Promotional Mix • Figure 1-1 Chapter 1: IMC Advertising Any paid form of nonpersonal communication about an organization, product, service, or idea by an identified sponsor • Cost effective for communicating to a large audience. • Creates brand images and symbolic appeal. • Strikes a responsive chord with consumers, popular campaigns get attention. Chapter 1: IMC Advertising to Markets Consumer Markets • National Advertising – Goal to inform and remind consumer • Retail/Local Advertising – Goal to increase store traffic Creating Demand • Advertising to increase demand – Primary demand for the product category - Jeans – Selective demand for a specific brand - Levi's Chapter 1: IMC Advertising to Markets Business & Professional Advertising – Business-to-business advertising – Professional advertising – Trade advertising Chapter 1: IMC Sales Promotion Marketing activities that provide extra value or incentives to the sales force, distributors, or ultimate consumers and can stimulate immediate sales. Chapter 1: IMC Types of Sales Promotion • Customer-oriented – Targeted to the ultimate users of a product or service • Coupons, sampling, premiums, rebates, contests, sweepstakes, POP materials • Trade-oriented – Targeted toward marketing intermediaries such as retailers, wholesalers, or distributors • Promotion allowances, merchandise allowances, price deals, sales contests, trade shows Chapter 1: IMC Public Relations The management function which evaluates public attitudes, identifies the policies and procedures of an individual or organization with the public interest, and executes a program of action to earn public understanding and acceptance. Chapter 1: IMC Public Relations Tools used by public relations. • Publicity. • Special publications. • Community activity participation. • Fund-raising. • Special event sponsorship. • Public affairs activities. Chapter 1: IMC Publicity Non-personal communications regarding an organization, product, service, or idea not directly paid for or run under identified sponsorship. – Publicity is NOT advertising. – Advertising. • Paid, sponsor-identified, non personal (media) communications. – Publicity. • Non-paid, unsponsored, non personal (media) communications. Chapter 1: IMC Publicity Vehicles • News releases: – Single-page news stories sent to media who might print or broadcast the content. • Feature articles: – Larger manuscripts composed and edited for a particular medium. • Captioned photos: – Photographs with content identified and explained below the picture. • Press conferences: – Meetings and presentations to invited reporters and editors. • Special events: – Sponsorship of events, teams, or programs of public value. Chapter 1: IMC Direct Marketing Organizations communicate directly with target customers to generate a response and/or transaction. • Direct marketing methods. – – – – – Direct mail. Cataloging. Telemarketing. Direct response ads. Internet sales. Chapter 1: IMC Interactive/internet Marketing Interactive media allow for a back and forth flow of information whereby users can participate in and modify the form and content of the information they receive in real time. Chapter 1: IMC Interactive/internet Marketing Multiple internet roles – – – – – – – As a persuasive advertising medium As a means to educate or inform customers As a sales tool or an actual sales vehicle To obtain customer database information To communicate and interact with buyers To provide customer service and support To build and maintain customer relationships Chapter 1: IMC Personal Selling A form of person-to-person communication in which a seller attempts to assist and/or persuade prospective buyers to purchase to company’s product or service or act on an idea. – With this type of interaction the flexibility exists to tailor the message to the customers specific need or situation. Chapter 1: IMC Integrated Marketing Communications Coordinating the various promotional elements and other marketing activities that communicate with the firm’s customers. Chapter 1: IMC Integrated Marketing Communications An IMC plan evaluates the strategic roles of a variety of communications disciplines: • General advertising • Direct marketing • Sales promotion • Publicity/Public relations • Internet advertising • Personal Selling Chapter 1: IMC Integrated Marketing Communications An IMC Plan combines the disciplines to provide the “Big Picture”: • Clarity • Consistency • Maximum communications impact Chapter 1: IMC Reasons for Growth of IMC • Planning efficiency and effectiveness. – By coordinating marketing communication efforts companies avoid duplication, take advantage of synergy, and develop more efficient and effective programs. Chapter 1: IMC Reasons for Growth of IMC • Consumer adoption of technology and media. – Consumers lifestyles and purchasing behavior are changing as they adopt new technologies. – Traditional media are facing declining audiences and less responsive consumers. Chapter 1: IMC Reasons for Growth of IMC • Innovative marketing practices. – A shift in marketplace power from manufacturers to retailers. – A shifting of marketing dollars from media advertising to other forms of promotion. – A movement away from relying on advertising- focused approaches to solve communication problems. Chapter 1: IMC Reasons for Growth of IMC • Innovative Marketing Practices. – The rapid growth and development of database marketing. – Demands for greater accountability from ad agencies and changes in compensation. – Rapid growth of the internet. Chapter 1: IMC Importance of IMC • Customer’s point of view. – All elements of the promotional campaign have to be carefully linked in some manner so that the message is clear and does not misrepresent the brand. Chapter 1: IMC Importance of IMC • Relationship marketing. – Creating, maintaining, and enhancing longterm relationship with individual customers as well as other stakeholders for mutual benefit. – Marketers must recognize which tools within the promotional mix are enhancing the relationship. Chapter 1: IMC Planning for IMC: Promotional Management Coordinating the promotional mix elements to develop a controlled, integrated program of effective marketing communications. – Considerations for developing the promotional mix include: • • • • Type of product. Buyer’s decision process. Stage of product life cycle. Channels of distribution. Chapter 1: IMC The Marketing Plan 1. A detailed situation analysis 2. Specific marketing objectives 3. A marketing strategy and program 4. A program for implementing the strategy 5. A process for monitoring and evaluating performance Chapter 1: IMC Situation Analysis Internal analysis. Assesses relevant areas involving the product/service offering and the firm itself. Chapter 1: IMC Situation Analysis Internal factors. – Assessment of the firm’s promotional organization and capabilities. – Review of the firm’s previous promotional programs. – Assessment of firm or brand image and implications for promotion. – Assessment of relative strengths and weaknesses of product/service. Chapter 1: IMC Situation Analysis • External analysis. – Focuses on factors such as characteristics of a firms customers, market segments, environment and competitors. • External factors. – – – – Who, what, how, when, why, where. Customer analysis. Competitive analysis. Environmental analysis. Chapter 1: IMC Discussion Questions Consider all the elements/IMC tools of the promotional mix that are used to market a ( car, cel phone, computer, running shoes, watch, shampoo) that a college student might be expected to buy. Explain why each tool would be effective or would not be effective to create awareness. Chapter 1: IMC