Assignment of Advertising Management (17,28,13)
Assignment of Advertising Management (17,28,13)
Assignment of Advertising Management (17,28,13)
SUBMITTED BY
HUMNA ZAHEER (1723106017)
MOMAL JAVED (1723106028)
AYUSHA NOMAN (1723106013)
BBA 8
Session: 2017-2021
SUBMITTED TO
Ms. Mahnoor
Introduction
Integrated marketing communications (IMC) is an approach used by organizations to
brand and coordinate their communication efforts. The American Association of Advertising
Agencies defines IMC as “a comprehensive plan that evaluates the strategic roles of a variety of
communication disciplines and combines these disciplines to provide clarity, consistency and
maximum communication impact”. The brand’s core image and messaging are reinforced as
each marketing communication channel works together as parts of a unified whole rather than in
isolation.
1. Advertising
Advertising is the non-personal and paid form of communication. It is one of the
most effective forms of communication where it reaches a mass audience at once within a
short period of time.
It not only increases sales but also creates awareness among consumers. Marketers need to
ensure that the right message should be delivered in the right manner to the consumers.
The various media used are print media, radio, billboards, television, etc.
2. Personal selling
Personal selling includes face to face interaction with the end-users with the
motive of promoting the product and convincing the buyer to purchase the product.
It is the most effective tool in IMC as a salesperson directly communicates with the buyer,
resolves their issues on spot, improvise his pitch as per the need of the buyer, and focuses on
building a long-term relationship with end-users.
3. Direct Marketing
It is the oldest form of communication where organizations directly communicate
with end-users through emails, telephone, fax, text messages, catalog, brochure, and
promotional letter.
Nowadays people buy more online, so marketers help consumers in the buying process by
sending those catalogs and other marketing material which makes the process easier for
consumers.
4. Mobile Marketing
Mobile marketing involves communicating with customers through mobile by
sending them a text message. It is the cheapest traditional means of promotion.
6. Public Relations
It is the practice of managing the relationship between an organization and
the public. It is a two-way communication where the public shares their feedback to the
organization.PR is done to create goodwill in the market and present the product of the
company in the positive light. Promotion can be done through press releases, public
appearances, event sponsorships, news, etc.
7. Sales Promotion
Sales promotion is the short term incentives given to consumers to accelerate
the sale. It gives them a reason to buy the product by providing attractive offers like discount
coupons, contests, premiums, samples, sweepstakes, price packs, low-cost financing deals,
and rebates.
8. Sponsorships
It is a mixture of sales promotion and public relations. Sponsorships create brand
loyalty and help in differentiating the product with competitors.
Process of IMC
1. Identify your customers from behavioral data
Let’s start with this assumption: For education institutions, the customer is the student.
Behavioral data: Tells us what customers do, how they act, and their history in relation to our
offering. Demographic data: Tells us a customer’s age, location, gender, income, and so on. IMC
is based on what people do. The key takeaway is that behavioral data is going to yield better
results over demographic data, every single time. Aggregate your customers according to their
behaviors first. After that, enhance it with other types of segmentation.
Goals of IMC
To develop brand awareness.
To increase consumer or business demand for a product category.
To change or influence customer beliefs or attitudes.
To enhance purchase actions.
To encourage repeat purchases.
To build customer traffic to physical stores, websites or other marketing channels.
To enhance firm/brand image
To increase market share
To increase sales
To reinforce purchase decisions
Communication Components
The foundation – This component is based on a strategic understanding of the product
and market. This includes changes in technology, buyer attitudes, and behavior, as well
as anticipated moves by competitors.
The corporate culture – Increasingly brands are seen as indivisible from the vision,
capabilities, personality, and culture of the corporation.
The brand focus – This is the logo, corporate identity, tagline, style, and core message
of the brand.
Consumer experience – This includes the design of the product and its packaging, the
product experience (for instance in a retail store), and service.
Communications tools – This includes all modes of advertising, direct marketing, and
online communications including social media.
Promotional tools – This includes trade promotions; consumer promotions; personal
selling, database marketing, and customer relations management; public relations and
sponsorship programs.
Integration tools – This is software that enables the tracking of customer behavior and
campaign effectiveness. This includes customer relationship management (CRM)
software, web analytics, marketing automation, and inbound marketing software.
Benefits of IMC
It’s Cost Effective
Creating digital assets like content, images and graphics costs time and money. When you
integrate your campaigns you eliminate any need for duplication because you share these assets
across channels. This saves a tremendous amount of resources.
Impact of IMC
There are three stages of impact of IMC strategies on a customer. These stages are
Before the IMC
During the IMC
After the IMC
Conclusion
The primary goal of IMC is to affect the perception of value and behavior through directed
communications. The development and diffusion of IMC is closely associated with fast
technological advancement and of a rapidly globalizing and deregulations of markets and
individualization of consumption patterns.