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Integrated Marketing Communications. Promotional Strategies at a Glance Chapter 14. The Changing Nature of Marketing Communication. Before communication was largely mass media based.
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Integrated Marketing Communications Promotional Strategies at a Glance Chapter 14
The Changing Nature of Marketing Communication • Before communication was largely mass media based. • Even though this may still be true, this is changing to include alternative methods, that are more personal and interactive, i.e., social media, viral marketing.
Sales Promotions Personal Selling Advertising Direct Marketing Publicity Traditional Marketing Mix Product Price Promotion Distribution
Noise Noise Feedback Communication Model(Exhibit 14-3) Source Encoding Message Channel Decoding Receiver
Purchase Conviction Preference Liking Knowledge Awareness Hierarchy of Communications Effects Visit Exhibit 14-5, page 398 Brand ignorance
Factors Affecting the Use of Promotional Tools • Nature of the market • Nature of the product/service • Price of product • Stage(s) of the Product Life Cycle • Budget/Funds available • Company Objectives • Message to be conveyed • Time and location of buying decision • Media characteristics
Promotional Strategy • An activity that informs, persuades and influences the consumer in making a purchase decision. • A promotional strategy is also referred to as Marketing Communications. • Combining the various promotional tools is called the promotional mix. • Firms may use one promo tool, or all of them. This is dependent on many factors.
Message Strategy • Need a good message to communicate • Will have to break through advertising clutter and catch the attention of the target audience • Effective message strategy begins with identifying customer benefits, related to product’s positioning • Need a creative concept, or “big idea” to express that message • For example, www.campaignforrealbeauty.ca/
Campaign Objectives • Image building • Product Differentiation • Positioning Strategies • What is St.FX’s positioning Strategy? Who is this communicated? • Direct response
Push strategy Promotional effort directed at channel members to carry and promote products to consumers Driven by personal selling and trade promotions Pull strategy Promotional effort to appeal directly to consumers Driven by advertising and sales promotion Promotional Strategies