Steps in Designing IMC Campaign

Slides:



Advertisements
Similar presentations
The Role of IMC in the Marketing Process
Advertisements

Setting the Promotional Budget
ONE IDEA CHANGES EVERYTHING! MARKETING PLAN DECEMBER 07, 2013
Definition The Marketing Communications Mix
On Target Group Coaching
THE MARKETING MIX Product Place Price Promotion
A N G L I A P O L Y T E C H N I C U N I V E R S I T Y Stephen Ginns … … … 9oct03 … … … Slide 1 of 16 Promotions Management – Week 2 Issues in a Communication.
Chapter 6: Situation Analysis and The Market Strategy Plan Pearls of Wisdom By Jason Tondre and Shawn Hartwig March 19, 2001.
© 2003 Prentice Hall, Inc14-1 Market Communication.
Market Analysis and Strategy MKT 750 Dr. West. Agenda Marketing Analysis & Strategic Planning – Essential Elements (5Cs, STP, 4Ps) – Situation Analysis.
Philip Kotler, John Bowen, James Makens Upper Saddle River, NJ 07458
Copyright © 2015 McGraw-Hill Education. All rights reserved
Marketing Indicator 1.02 – Employ marketing information to develop a marketing plan.
Chapter 1 Lecturer – Shahed Rahman Integrated Marketing Communications.
© 2002 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin INTEGRATED MARKETING COMMUNICATIONS AND DIRECT MARKETING.
Integrated Marketing Communication Strategy
Chapter 10 Marketing communication and personal selling
1 Integrated Marketing Communications: An Overview.
The Role of IMC in the Marketing Process © 2007 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin.
Promotions Opportunity Analysis Chapter 4 Copyright © 2010 Pearson Education, Inc. publishing as Prentice Hall 4-1.
Catching the Buzz: Promotional Strategy and Integrated Marketing Communication.
1 Chapter 16: Promotional Planning for Competitive Advantage Prepared by Amit Shah, Frostburg State University Designed by Eric Brengle, B-books, Ltd.
© 2003 McGraw-Hill Companies, Inc., McGraw-Hill/Irwin INTEGRATED MARKETING COMMUNICATIONS AND DIRECT MARKETING 18 C HAPTER.
© 2006 McGraw-Hill Companies, Inc., McGraw-Hill/IrwinSlide 18-1.
The Marketing Plan Major Components Situation Analysis Problems and Opportunities Marketing Objectives Marketing Strategies Implementation Evaluation.
©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ Kotler, Bowen, and Makens Chapter 14 Promoting.
Promotion – 1 Integrated Marketing Communications Professor Carl Mela BA 460 Product Management Fuqua School of Business Brand Management System On Building.
1.  Market orientation as philosophy  Market segmentation  Targeting market  Positioning  Marketing mix 2.
8 Identifying Market Segments and Targets
Session Outline The Promotion Mix Integrated Marketing Communications
Marketing Comms Plan SOSTAC + The 3 Ms S – Situation analysis (where are we now?) O – Objectives (where do we want to go?) S – Strategy (how do we get.
Integrated Marketing Communication Strategy Chapter: 14 Lec 9c.
Segmentation, Targeting and the Marketing Mix Marketing Strategies Investigate Segmentation Opportunities Determine Target Market Develop the Marketing.
The Marketing and Promotions Plan  Situation Analysis  Problems and Opportunities  Marketing Objectives  Marketing Strategies  Implementation 
©2003 Prentice Hall, IncMarketing: Real People, Real Choices 3rd edition 14-0 Chapter 14 Conversing with the Customer: Promotional Strategy, Interactive.
CONSUMER PROFILES. STP Process (Market Segmentation, Target Market & Positioning Strategy) 1. Segment the Consumer Market 2. Select a Target Market 3.
Marketing Process & Planning Hifni Alifahmi SAP-02.
Marketing 14 Integrated Marketing Communication Integrated Marketing Communications n Goal of promotion n Promo mix n Objectives and budgets.
Chapter 14 Integrated Marketing Communications
Paul Dishman, Ph.D. The Promotional Mix Paul Dishman, Ph.D. Lecture 18 Basic Marketing Management Bus M 341.
1 Part Seven : Promotion Strategy Part Seven : Promotion Strategy ( Chapter15-Chapter17)
MARKETING COMMUNICATION
Marketing Management The Promotional Mix Paul Dishman, Ph.D. Department of Business Management Marriott School of Management Brigham Young University Lecture.
Marketing Communications. The Impact of Communication Marketing Communications are not all designed to work in the same way. Some are designed to impact.
Customer-Driven Marketing Strategy: Creating Value for Target Customers 7 Principles of Marketing.
Principles of Marketing Kotler and Armstrong Insert Textbook Cover Image Chapter 14: Engaging Customers and Communicating Customer Value Integrated Marketing.
> > > > Promotion and Pricing Strategies Chapter 14.
McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved.
Objectives of advertising
PART 03 DESIGNING A CUSTOMER-DRIVEN MARKETING STRATEGY AND MIX.
Module -2. Situation Analysis Opportunity analysis: to spot and capitalize on favorable demand trends Competitive analysis: to achieve and maintain a.
MRK317 Integrated Marketing Communications Week 2.
©2006 Pearson Education, Inc. Marketing for Hospitality and Tourism, 4th edition Upper Saddle River, NJ Kotler, Bowen, and Makens Chapter 14 Promoting.
Integrated Marketing Communications Strategy. Marketing communications mix (promotion mix) - the specific mix of advertising, personal selling, sales.
The Role of IMC in the Marketing Process Chapter 2
The Marketing Concept Implementing the Marketing Strategy.
Scheme of Work WeekTopic 1 Introduction: The Marketing & Marketing Mix; 7 P’s 2 The fundamental Promotion: Segmentation, Targeting, Positioning; Promotion.
Integrated Marketing Communication Strategy Definition The Marketing Communications Mix  The specific mix of advertising, personal selling, sales.
Marketing Communications Session 3 3. Marketing Communications Planning Marketing Communications Planning.
Integrated Marketing Communications Introduction (2) An Introduction (2) Sunarto Prayitno 1.
CONSUMER PROFILES.
Chapter 2 IMC Role in Marketing. Chapter 2 : IMC Role in Marketing Chapter Objectives To understand the marketing process and the role of advertising.
Integrated Marketing Communications
Marketing Communications Planning
Functions of Marketing Communications
Steps in Designing Communication Campaign
Integrated Marketing Communication
Integrated Marketing Communication Strategy
Marketing Plan Welcome to Marketing.
Presentation transcript:

Steps in Designing IMC Campaign Step 1. Situational analysis: Research & Analysis Step 2. Identifying the target audiences Step 3. Setting budget allocations Step 4. Setting the objectives Steps in Designing IMC Campaign Step 5. Strategic decision-making: strategy Step 6. Operational decision-making: tactics Step 7. Campaign Management: Implementation Step 8. Campaign evaluation: control

The IMC RABOSTIC Planning Model Research & Analysis Audiences Budget Objectives Strategy Tactics Implementation Control

1. Situational Analysis Researching the current environment into which marketing communications will fit. “Where we are?...” “Why are we here?...”

1. Situational Analysis Company analysis Competitors analysis Consumer analysis Market analysis Product analysis Problems and opportunities

SWOT Analysis

2. Identify Target Audience Includes assessing the audience’s perceptions of the company, product, and competitors’ company/product image Affects decisions related to what, how, when, and where message will be said, as well as who will say it Who are we talking to?..

2. Identify Target Audience Who are my customers? What are they like? What do they buy? Where can I find them? How can I reach them?

2. Identify Target Audience Market segmentation: based on Demographics: age, sex, income, education, occupation etc. Geographic: postcodes, city-town-village, region, climate etc. Geodemographics: where they live-using demographic data to classify neighborhoods Psychographics: values, attitudes, motivations, interest, opinions, hobbies etc. Behavioral: benefits sought, purchase occasion, usage, perceptions and beliefs

Target Audience Women between 25-54 years old Working Salary 30.000$ + Having a child above 12 years old Watching channel ATV Determined Target Audience

3. Setting the Budget What resources do we need?

3. Setting the Budget Determining a budget usually involves asking two very important questions: How much will it take? How much do we have? Affordable Based on What the Company Can Afford Objective-and-Task Based on Determining Objectives & Tasks, Then Estimating Costs Percentage of Sales Based on a Certain Percentage of Current or Forecasted Sales Competitive-Parity Based on the Competitor’s Promotion Budget

3. Determining Objectives Where do we want to go?... An objective is the goal or aim or end result that one is seeking to achieve. From IMC point of view ; deciding what communications are expected to achieve. Six buyer readiness stages Sales versus communications objectives

Buyer Readiness Stages Purchase Conviction Preference Liking Knowledge Awareness

Types of Objectives? 2. Communication Objectives: 1. Marketing Objectives: Refer to sales, market share, distribution penetration, launching a number of new products etc. 2. Communication Objectives: Refer to how the communications should affect mind of the target audience (eg. generate awareness, attitudes, intrest or trial)

Marketing Objectives Increase unit sales of product/brand X by 10 per cent over the next 12 months Increase market share by 5 per cent over the next 8 months Increase distribution penetration from 25 per cent to 50 within 12 months; Establish a network of distributors covering İzmir, Ankara, İstanbul, Antalya, Bursa

Communications Objectives To increase awareness from 35 percent to 50 per cent within 8 weeks of the campaign launch among 25-45 year-old A, B, C1 women To position the service as the friendliest on the market within 12-month period among 70 per cent of heavy chocolate users To reposition Tuborg from an old, unfashionable, older man’s drink to fashionable younger person’s drink over 2 years among 25-45 year-old male drinkers To maintain brand X as the preferred brand (or number one brand) of photocopiers among at least 50 percent of current Turkish buyers in companies with 500+ employees

5. Strategic decision-making: strategy How could we get there? ...provides the direction for all those involved in the campaign to follow

Example of IMC Strategy? Daewoo IMC strategy Position Daewoo as the most customer-focused car company in Turkey. Car buyers are happy with cars but unhappy with dealers. Daewoo must own customer service. This differentiates Daewoo. Stage1: Build coorporate credibility through TV and motoring press Stage2: Develop Daewoo dialogue, collecting information about likes and dislikes about car ownership. Stage3: Launch brand. This necessitates integration throughout the marketing communications and operational implementation. Advertising will build brand awareness and direct people into Daewoo’s telemarketing database. The complex mix includes retail design, interactive point of sale, sales promotion, direct marketing, database construction and management, PR and advertising.

Marketing Strategies Strategy Selected Depends on: Push Strategy Strategy that Calls for Spending A Lot on Advertising and Consumer Promotion to Build Up (Pull) Consumer Demand. Pull Strategy Strategy Selected Depends on: Type of Market & Product Life-Cycle Stage Strategy that Calls for Using the Salesforce and Trade Promotion to Push the Product Through the Channels. Push Strategy

Push or Pull Strategy A push strategy directs communication efforts at channel members; a pull strategy directs promotion at the end consumer Many products, such as business products, are promoted with a push strategy, involving personal selling and use of trade promotions Most consumer products would rely more heavily on a pull strategy where promotion is directed at the consumer to stimulate demand

An Illustration Product flow Communication effort Producer Wholesaler Retailer Consumer PUSH STRATEGY Producer Wholesaler Retailer Consumer PULL STRATEGY Product flow Communication effort

An Illustration

Marketing Strategies

6. Operational decision-making: tactics What specific activities do we need to get there? Details of strategies What happens, when, and for how much The exact mix of different elements of marketing communications

Campaign management stage 7. Implementation Day-to-day running or operationalisation of what the plan intended to do when put into action Campaign management stage

7. Implementation Creative implementation Media implementation Production implementation

8. Campaign evaluation Control stage Are we getting there?

8. Campaign evaluation Are we getting there? Control stage In terms of Their efficiency Their effectiveness Economy

Evaluation It starts and ends with Research Methods for evaluating the plan. Input/learning for next year’s plan Methods include: Tracking studies Attitude, usage, and awareness studies Creative Recall Persuasion

Pretest-Post test Pretests are conducted before the advertisements are placed in any medium. Post tests determine whether or not the advertisements have achieved their intended objectives.