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Friday, September 18, 2009

Integrated marketing communication process

With the media getting fragmented , budgets getting squeezed , consumers getting distracted an effective way being focussed nowadays is to target consumer touchpoints .
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Involves coordinating various promotional tools ,marketing activities to form a message ,
rather than only relying on media advertising

–-Get the consumer at touchpoints
–-Avoid duplication
–-Consistent message for the product /brand
–-Maximise the ROI ,more cost effective
–-Leverage on changing environment /behavior
–-Focus on actual purchase /trials

Tools of IMC
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-Advertising
•-Direct marketing
•-Interactive/internet marketing
•-Sales promotion
•-PR
•-WOM
•-Personal selling
•-BTL
-POS

•IMC planning process

-Review of marketing plan
–-SWOT :environment/competition/TG/product/distribution/ manpower…
•-Define the product message /TG/objective
•-Understand the best mix of IMC basis the product /message /TG
•-Understand the budget
•-Develop IMC
–-Message /strategy/tools of IMC/adapting the message
•-Integrate the IMC strategy/execution
•- Monitor/evaluate & control the IMC

POS
Participants of IMC

- Advertisers
•-Agencies
•-Media companies
•-Marketing communication specialists
•-Collateral services

Process towards defining the IMC for a product
  • understand : opportunity /competition/target market-TG
  • identify target markets - segment /define the positioning /product benefits
  • product decisions- product/pricing /packaging /placement-distribution channels/promotional activities/people/processess
  • elements of IMC which maximise the consumer touch-points and enable objectives
  • monitor /evaluate /replan
•Consumer decision making process which IMC influences

•-Problem recognition need/repeat purchase/desire/greed
–-maslow’s heirarchy
–-Psychoanalalytic theory –sigmund freud
–-MR probes needs-in depth interview/FGD/associaiton tests/projecting techniques
•-Information search
•-Alternatives evaluation
•-Purchase decision
•-Post purchase evaluation –cognitive dissonance
•-Recommendation-WOM

examples abound
-Nano launch (Tata) ,Ghajini (Aamir Khan) , Virgin Airlines (Richard Branson) ,Hero Honda ( MTV roadies )

Depending on the stage of PLC of a product , IMC can work to address objectives like -
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  • awareness
  • Recall
  • Trials
  • Informative
  • Consumption
  • Repeat purchase
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