Marketing Communication Strategy - Rof's Blog · The Tools of Marketing Communications Source:...
Transcript of Marketing Communication Strategy - Rof's Blog · The Tools of Marketing Communications Source:...
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Marketing Communication Strategy
W. Rofianto
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Defining IMCIMC is a strategic business process used to plan, develop,
execute and evaluate coordinated, measurable, persuasive
brand communication programs with consumers, customers,
prospects employees and other relevant external and internal
audiences.
The goal of IMC is to generate financial returns and build
brand equity.
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Advertising
Direct Marketing
Interactive/Internet Marketing
Sales Promotion
Publicity/PublicRelations
Personal Selling
Advertising
Direct Marketing
Interactive/Internet Marketing
Sales Promotion
Publicity/PublicRelations
The Promotional Mix
Events
and
experiences
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The Tools of Marketing Communications
Source: Shimp (2010), adapted from Figure 1.1 in Kevin Lane Keller, “Mastering the Marketing Communications Mix: Micro and Macro
Perspectives on Integrated Marketing Communication Programs,” Journal of Marketing Management 17 (August, 2001), 823–851.
1. Media Advertising
• TV
• Radio
• Magazines
• Newspapers
2. Direct Response and
Interactive Advertising
• Direct mail
• Telephone solicitation
• Online advertising
3. Place Advertising
• Billboards and bulletins
• Posters
• Transit ads
• Cinema ads
4. Store Signage and Point-of-
Purchase Advertising
• External store signs
• In-store shelf signs
• Shopping cart ads
• In-store radio and TV
5. Trade- and Consumer-
Oriented Promotions
• Trade deals and buying
allowances
• Display and advertising
allowances
• Trade shows
• Cooperative advertising
• Samples
• Coupons
• Premiums
• Refunds/rebates
• Contests/sweepstakes
• Promotional games
• Bonus packs
• Price-off deals
6. Event Marketing and
Sponsorships
• Sponsorship of sporting
events
• Sponsorship of arts, fairs,
and festivals
• Sponsorship of causes
7. Marketing-Oriented Public
Relations and Publicity
8. Personal Selling
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The Integration of Marketing Communications
Integrated MarCom Urgency
Tradition of separation communication tools
Influence of specialized outside suppliers
Managerial parochialism
Using multiple communication tools in conjunction with one
another can produce greater results (synergistic effects) than
tools used individually and in an uncoordinated fashion.
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Basic IMC Issues
How to enhance
brand equity
How to affect
customer
behavior
How to justify
marcom
investments
How to
demonstrate
financial
accountability
Marketing Communicators Challange
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IMC Keys
1. Start with the customer or prospect.
2. Use any form of relevant contact or touch point.
3. Speak with a single voice.
4. Build relationships.
5. Affect behavior.
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https://www.youtube.com/watch?v=1tpnf9NWX-Y
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Coordinated Marketing Mix Elements Build Image
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A Firm-Based Perspective on Brand Equity
Higher
market share
Increased
brand loyalty
Premium
pricing
Revenue
premiums
Brand Equity
The degree to which consumers favorably perceive the brand’s
features and benefits as compared to competitive brands and
how strongly these views are held in memory
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Children’s Taste Preferences (In percents)
Source: Shimp (2010)
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Ways of Enhancing Brand Equity
Speak-for-Itself Message-Driven Leveraging
Enhancing Brand Equity
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Change in
brand
awareness
Improvement
in attitudes
toward
the brand
Increased
purchase
intentions
Larger sales
volume
What to Measure?
Measuring Marcom Effectiveness, Why ?
Demands for greater accountability on the marketing function
To become better at marcom activities
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https://www.youtube.com/watch?v=98U2O7cpcNw
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“Within six months from the beginning of the advertising campaign,
research should show that 50 percent of all cat owners are using Whiskas
for their pet”
Good Marcom Objectives Criteria
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IMC: Facilitate successful new product introductions,
Reduce the product failure rate (potentially 35-45%)
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Affordable
Method
Affordable
Method
Competitive
Parity
Percentage
of Sales
Return on
Investment
Arbitrary
Allocation
Percentage
of Sales
Competitive
Parity
Arbitrary
Allocation
Top-Down Budgeting Methods
Top
Management
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Total Budget Is Approved by
Top Management
Cost of Activities are Budgeted
Activities to Achieve Objectives
Are Planned
Promotional Objectives Are Set
Cost of Activities are Budgeted
Activities to Achieve Objectives
Are Planned
Promotional Objectives Are Set
Bottom-Up Budgeting
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Are There Economies of Scale?
No evidence to support this!
No evidence to support this!
No evidence to support this!
Proposition I
Larger firms can support their brands with lower relative
advertising costs than smaller firms.
Proposition II
The leading brand in a product group enjoys lower advertising costs per sales
dollar than do other brands.
Proposition III
There is a static relationship between advertising costs per dollar of sales and
the size of the advertiser.
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Branding and Packaging Work Closely Together
Product Decisions
BRANDING
Brand name commun-icates attributes and meaning
Advertising creates and maintains brand equity
Packaging has become increasingly important
It’s often customers’ first exposure to product
PACKAGINGBRANDING
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https://www.youtube.com/watch?v=_6rj5jisB7g
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https://www.youtube.com/watch?v=x2ASms1OGBU
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https://www.youtube.com/watch?v=Id9pX7YcoZg
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https://www.youtube.com/watch?v=HB3xM93rXbY
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https://www.youtube.com/watch?v=litXW91UauE
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https://www.youtube.com/watch?v=QKvgw9TJoCk
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