The document discusses the importance of integrated marketing communications (IMC). IMC involves coordinating different marketing channels, like advertising, public relations, direct marketing and social media, to deliver consistent brand messaging. It discusses the key components of IMC, including organizational culture, the marketing mix, different advertising channels, online/internet marketing, sales/customer service, public relations and promotions. The document also outlines a model for IMC with four stages - from tactical coordination to financial and strategic integration - to maximize the customer experience through a coordinated marketing strategy.
The document discusses the importance of integrated marketing communications (IMC). IMC involves coordinating different marketing channels, like advertising, public relations, direct marketing and social media, to deliver consistent brand messaging. It discusses the key components of IMC, including organizational culture, the marketing mix, different advertising channels, online/internet marketing, sales/customer service, public relations and promotions. The document also outlines a model for IMC with four stages - from tactical coordination to financial and strategic integration - to maximize the customer experience through a coordinated marketing strategy.
The document discusses the importance of integrated marketing communications (IMC). IMC involves coordinating different marketing channels, like advertising, public relations, direct marketing and social media, to deliver consistent brand messaging. It discusses the key components of IMC, including organizational culture, the marketing mix, different advertising channels, online/internet marketing, sales/customer service, public relations and promotions. The document also outlines a model for IMC with four stages - from tactical coordination to financial and strategic integration - to maximize the customer experience through a coordinated marketing strategy.
The document discusses the importance of integrated marketing communications (IMC). IMC involves coordinating different marketing channels, like advertising, public relations, direct marketing and social media, to deliver consistent brand messaging. It discusses the key components of IMC, including organizational culture, the marketing mix, different advertising channels, online/internet marketing, sales/customer service, public relations and promotions. The document also outlines a model for IMC with four stages - from tactical coordination to financial and strategic integration - to maximize the customer experience through a coordinated marketing strategy.
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Marketing Communications Process
It is important to understand the process of Marketing Communications. The process is as
follows: Sender, Encoding, Transfer Mechanism, Feedback, Response and Decoding. The SENDER is typically the company that produces the product. ENCODING involves communicating the message in understandable terms for the consumer. In some companies, this person is identified as the Marketing Manager. TRANSFER MECHANISM is the medium that will be used to transfer the message. DECODING is how the customer interprets the message. RESPONSE is how the customer reacts to the message. Will the customer purchase the product? FEEDBACK measures how successful the advertising campaign was. Example of a Marketing Communications Strategy: SENDER Clothing manufacturer ENCODING Marketing Manager at the clothing manufacturer TRANSFER MECHANISM Television ad DECODING Customer sees the television ad and keeps it in mind RESPONSE Customer goes to the store and purchases the new product (item of clothing) FEEDBACK Information that customers are responding positively to the message Basic Model of Communication The Basic Model of Communication consists of the following elements. Source A source is also referred to as a sender. The sender has a message to convey to others. The sender can be anyone from a brand manager (in a major corporation such as Nike or Budweiser) to a salesperson in a smaller organization. At times, celebrities are used to endorse products and act as a sender for the product. It is always important to make sure that the source is credible and trustworthy.
A direct source can be a salesperson delivering a message about a product. An indirect source uses a well known public figure to draw attention to a product.
Encode The source encodes or translates ideas into a message. For example, a brand manager decides to promote a new product. Message After defining the target market, the marketer designs an effective message that will achieve the communication objectives. Receiver The receiver is the person or group with whom the sender attempts to share ideas. Marketers want a response, the reactions of the receiver, after being exposed to the message: for example, a consumer receiving the message about the new product. Decode The receiver decodes or interprets the message. For a message to be decoded by a receiver the way it was intended by the sender, the sender and receiver need to have common experiences. In other words, a receiver may not decode a message the way it was intended to if her background and experience differ greatly from the senders. A marketer has to be sensitive to the intended audience. Noise Noise interferes with or disrupts effective communication. This can include a poor television or radio signal. Feedback Feedback is monitoring and evaluating how accurately the intended message is being received. This can be done by conducting market research. Essentially, this involves asking consumers if they have seen the message, if they recall the message, and what their attitude was towards the product.
Promotional Mix There are five main aspects of a promotional mix. [1] These are: Advertising - Presentation and promotion of ideas, goods, or services by an identified sponsor. Examples: Print ads, radio, television, billboard, direct mail, brochures and catalogs, signs, in-store displays, posters, motion pictures, Web pages, banner ads, and emails. Personal selling - A process of helping and persuading one or more prospects to purchase a good or service or to act on any idea through the use of an oral presentation. Examples: Sales presentations, sales meetings, sales training and incentive programs for intermediary salespeople, samples, and telemarketing. Can be face-to-face selling or via telephone. Sales Promotion - Media and non-media marketing communication are employed for a pre-determined, limited time to increase consumer demand, stimulate market demand or improve product availability. Examples: Coupons, sweepstakes, contests, product samples, rebates, tie-ins, self-liquidating premiums, trade shows, trade-ins, and exhibitions. Public relations - Paid intimate stimulation of supply for a product, service, or business unit by planting significant news about it or a favorable presentation of it in the media. Examples: Newspaper and magazine articles/reports, TVs and radio presentations, charitable contributions, speeches, issue advertising, and seminars. Direct Marketing is a channel-agnostic form of advertising that allows businesses and nonprofits to communicate straight to the customer, with advertising techniques such as mobile messaging, email, interactive consumer websites, online display ads, fliers, catalog distribution, promotional letters, and outdoor advertising. Corporate image Corporate image may also be considered as the sixth aspect of promotion mix. The image of an organization is a crucial point in marketing. If the reputation of a company is bad, consumers are less willing to buy a product or use a service from this company as they would have been, if the company had a good image. Sponsorship is sometimes added as an seventh aspect.
Integrated Marketing Communication (IMC) Integrated Marketing Communication (IMC) is the application of consistent brand messaging across both traditional and non-traditional marketing channels and using different promotional methods to reinforce each other.
Components of integrated marketing communications IMC weaves diverse aspects of business and marketing together. These include: Organizational culture The organization's vision and mission Attitudes and behaviors of employees & partners Communication within the company Four P's Price, pricing plans, bundled offerings Product (product design, accessibility, usability) Promotion Place (point of purchase, in-store/shopper experience) Advertising Broadcasting/mass advertising: broadcasts, print, internet advertising, radio, television commercials Outdoor advertising: billboards, street furniture, stadiums, rest areas, subway advertising, taxis, transit Online advertising: mobile advertising, email ads, banner ads, search engine result pages, blogs, newsletters, online classified ads, media ads Direct marketing: direct mail, telemarketing, catalogs, shopping channels, internet sales, emails, text messaging, websites, online display ads, fliers, catalog distribution, promotional letters, outdoor advertising, telemarketing, coupons, direct mail, direct selling, grassroots/community marketing, mobile Online/internet marketing E-commerce Search engine optimization (SEO) Search engine marketing (SEM) Mobile Marketing Email marketing Content marketing Social Media (Facebook, Twitter, LinkedIn, Google +, Foursquare, Pinterest, YouTube, Wikipedia, Instagram) Sales & customer service Sales materials (sell sheets, brochures, presentations) Installation, customer help, returns & repairs, billing Public Relations Special events, interviews, conference speeches, industry awards, press conferences, testimonials, news releases, publicity stunts, community involvement, charity involvement & events Promotions Contests, coupons, product samples (freebies), premiums, prizes, rebates, special events Trade shows Booths, product demonstrations Corporate philanthropy Donations, volunteering, charitable actions When these diverse aspects of business and marketing are weaved together properly an effective campaign can be achieved. Effective campaigns are demonstrated on the Integrated Brands showcase which recognizes brands that are innovative, strategic and successfully growing their sales.[7] By effectively leveraging each communication channel greater impact can be achieved together than achieved individually.
Model and Stages Similar to the definition of IMC, models of the IMC approach vary according to the source cited. Frequently, models stress the importance of blending various marketing tools to maximize the customer experience and value. IMC models also often emphasize the lack of a specific hierarchy of importance in the IMC stages: all components of the model play an equally important role and a company may or may not choose to immediately implement any or all of the integration strategies. [9]
Level 1: Tactical Coordination and Marketing Communications Initial IMC focus is on the tactical coordination of diverse marketing such as advertising, promotion, direct response, public relations, and special events. This level focuses on delivering one sight, one sound via marketing communication. [9]
Level 2: Redefining the Scope of Marketing Communication The organization begins to examine communications from the customers point of view. Marketing communication begins to give consideration to all sources of brand and company contact a customer has with the product or service. Management broadens the scope of communication activities to encompass and coordinate internal marketing employees, suppliers, and other business partners and align with the existing external communication programs. [9]
Level 3: Application of Information Technology An organizations application of empirical data using information technology to provide a basis identity, value, and monitor the impact of integrated internal and external communication programs to key customer segments over time. [9]
Level 4: Financial and Strategic Integration The emphasis shifts to using the skills and data generated in the earlier stages to drive corporate strategic planning using customer information and insights. Organizations re-evaluate their financial information infrastructure. [9]
Importance of integrated marketing communications Integration has become an essential concept in marketing because technological advances have changed how business stakeholders interact. Marketing theory that was established during the disciplines formative years has been overtaken by the complexities of real-time, multimodal, multi directional communication. A few examples help illustrate the growing importance of integration: Search marketing: When someone is considering buying a product or service they will often conduct an online search. What they find, on Google and other search engines, as well as information from news sites, review sites, directories, videos and place-based searches, are presented together, so like it or not, there is a level of integration. The online experience will affect their attitudes towards a brand and their behavior. Marketers therefore need to concern themselves with making sure their brand is found ahead of competitors' and then ensuring their audience has a positive and helpful experience. Accessibility and convenience: Consumers expect information and services that relate to a brand to be conveniently accessible via its website. For instance when a consumer visits Virgin.com they are able to book a flight, manage their money, top up their mobile phone plan or find up-to-date news about the company. [11]
Aggregation of information and services: The traditional demarcation between a company, its suppliers and customers has become confused. For instance the Apple iTunes app store aggregates software and information from app makers, along with reviews provided by consumers. [12] Product promotion, delivery, service and information from many different sources are seamlessly presented together. Social media: Traditionally businesses were largely in control of their brand communications. Now brand communications are multidirectional as consumers can easily share, comment and create content. Brands can use this to their advantage by creating appealing content. For instance Unilevers campaign for Dove, The Dove Real Beauty Sketches went viral with over 54 million views on YouTube. [13]
Growth of mobile: The growing penetration of smartphones with fast internet connectivity means that marketers need to take into consideration integration between the online experience and place-based experiences. For instance when a consumer downloads the Target app they are able to receive coupons to their mobile phone and redeem them at the checkout by presenting the coupon barcode to the cashier.
The international market environment for promotion Key points To successfully implement global marketing strategies, brands must ensure their promotional campaigns take into account how consumer behaviour is shaped by internal conditions and external influences. Global companies must be nimble enough to adapt changing local market trends, tastes, and needs to their promotional mix. When launching global advertising, public relations or sales campaigns, global companies test promotion ideas to provide results that are comparable across countries. Using measures can be particularly helpful for marketers since they are based on visual, not verbal, elements of the promotion.