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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 .


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
-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 -
St
  • awareness
  • Recall
  • Trials
  • Informative
  • Consumption
  • Repeat purchase
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