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IMC Overview and Brand-Equity Enhancement

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Presentation on theme: "IMC Overview and Brand-Equity Enhancement"— Presentation transcript:

1 IMC Overview and Brand-Equity Enhancement
Chapters One and Two IMC Overview and Brand-Equity Enhancement

2 Integrated Marketing Communications
Mountain Dew?

3 Integrated Marketing Communications
Mountain Dew: #3 soft drink in sales in U.S. On market for 30+ years Teens – primary market 20-39 y.o. – significant secondary market

4 Integrated Marketing Communications
Mountain Dew: How to “grow the brand” without alienating core market?

5 Integrated Marketing Communications
Answer:

6 Integrated Marketing Communications
Positioning: FEE

7 Marketing Communications
The collection of all elements in a brand’s marketing mix that facilitate exchanges by establishing shared meaning with the brand’s customers or clients

8 The Marketing Mix and Promotion Management

9 Elements of Marketing Communications

10 What is a Brand? A name, term, sign, symbol, or design, or a combination of them intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of competition

11 Definition of Brand What is a Brand?
At most basic level, identifying mark or name (typically copyrighted). What is a brand, in consumer’s minds? What does branding do for companies?

12 Definition of Brand Equity
A brand possesses equity to the extent that consumers are familiar with the brand and have stored in their memory warehouses favorable, strong and unique brand associations

13 Dimensions of Personalities
Sincerity Excitement Competence Sophistication Ruggedness

14 Two forms of Brand Knowledge
Brand Awareness An issue of whether a brand name comes to mind when consumers think about a particular product category and the ease with which the name is evoked

15 Two forms of Brand Knowledge
Goal: Make it into the Evoked Set What is your evoked set for cereal? What is your evoked set for computers? How did those brands get there?

16 Two forms of Brand Knowledge
Brand Image The types of associations that come to the consumer’s mind when contemplating a particular brand

17 Consumer-Based Brand Equity Framework
Non-Product-Related (e.g., Price, Packaging, User and Usage Imagery) Product-Related (e.g., color, size, design features) Brand Recognition Recall Brand Awareness Image Attributes Benefits Overall Evaluation (Attitude) Brand Knowledge Types of Brand Associations Favorability, Strength, and Uniqueness of Brand Association Functional Symbolic Experiential

18 Questions for the Semester
How can FIJI water stay prominent in consumers’ evoked set for bottled beverages?

19 Questions for the Semester
How can they maintain favorable, strong, and unique brand associations in their target markets? How can they position the brand for immediate as well as long term growth?

20 Co-Branding and Ingredient Branding
Two or more brands enter into a partnership that potentially serves to enhance both brands’ equity and profitability Requirement for successful co-branding : “logical fit between the two brands…” Examples?

21 Co-Branding and Ingredient Branding
Dunkin’ Donuts Hill Holiday

22 Managing Brand Benefits
The specific benefit or need that brand managers create and communicate to the target market. Functional Needs Symbolic Needs Experiential Needs

23 Managing Brand Benefits
When would a given type of benefit or need be important? What would determine this? Functional Needs Symbolic Needs Experiential Needs

24 An Appeal to Functional Needs
Products that attempt to fulfill the consumer’s consumption-related problems

25 Functional Needs Health conscious products are a functional need today

26 Functional Needs Honda Tractors Fahlgren

27 An Appeal to Symbolic Needs
Products that potentially fulfill a consumer’s desire for self-enhancement, group membership, affiliation, and belongingness

28 Symbolic Needs Appeal to Symbolic needs

29 Symbolic Needs Toyota Saatchi & Saatchi DFS/Pacific

30 An Appeal to Experiential Needs
Products that provide sensory pleasure, variety, and cognitive stimulation

31 Experiential Needs An appeal to sensory pleasure

32 Experiential Needs Pictionary Warwick Baker O’Neill

33 Managing Brand Benefits
When would a given type of benefit or need be important? What would determine this? Functional Needs Symbolic Needs Experiential Needs

34 Managing Brand Benefits
Product characteristics: Functional Needs Symbolic Needs Experiential Needs

35 Managing Brand Benefits
Consumer characteristics: Functional Needs Symbolic Needs Experiential Needs

36 Managing Brand Benefits
Characteristics of purchase/usage context : Functional Needs Symbolic Needs Experiential Needs

37 Integrated Marketing Communications (IMC)
The process of developing and implementing various forms of persuasive communication programs with customers and prospects over time

38 Key Features of IMC 1. Start with the customer, work back to company
2. Use any form of relevant contact 3. Achieve synergy (single voice) 4. Build relationships between the brand and the consumer 5. Affect behavior

39 IMC Exercise Using any form of relevant contact:
Suppose you’re advertising a product marketed specifically to high school seniors. Identify 7 truly different contact methods you could use to reach them.


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