15. Advertising and Public Relations Flashcards
Advertising
Any paid form of
- nonpersonal presentation
- promotion of ideas, goods, or services by an identified sponsor.
Major Advertising Decisions (5) (objectives, budget, effectiveness and return, other considerations)
- Setting advertising objectives
- Setting the Advertising Budget
- Evaluating Advertising Effectiveness and the Return on Advertising Investment
- Other Advertising Considerations
advertising objective (3 points)
A “specific communication task” to be accomplished
with “a specific target audience”
during a “specific period of time.”
Possible advertising objectives
- Informative advertising is used when introducing a new product category to build primary demand.
- Persuasive advertising is important with increased competition to build selective demand.
- Comparative advertising is when a company compares its brand with other brands.
- Reminder advertising is important with mature products to help maintain customer relationships and keep customers thinking about the product.
advertising budget (def, consider 3 points when setting)
The dollars and other resources allocated to a product or a company advertising program.
Factors to Consider
Stage in product life cycle
Market share
Competition
advertising strategy
The strategy by which the company accomplishes its advertising objectives. It consists of two major elements: creating advertising messages and selecting advertising media.
Madison & Vine
A term that has come to represent the “merging of advertising and entertainment” in an effort to “break through the clutter and create new avenues” for reaching customers with more engaging messages.
To break through the clutter, many marketers have subscribed to a new merging of advertising and entertainment, dubbed “Madison & Vine” in an effort to create new avenues for reaching consumers with more engaging messages. This merging of advertising and entertainment takes one of two forms: advertainment or branded entertainment.
The aim of advertainment is to make “ads themselves so entertaining, or so useful,” that people want to watch them. For example, the Super Bowl has become an annual advertainment showcase. And ads posted online before and after the big game draw tens of millions of views.
These days, it’s not unusual to see an entertaining ad or other brand content on YouTube before you see it on TV.
Moreover, beyond making their regular ads more engaging, advertisers are also creating “new content forms that look less like ads and more like short films or shows.”
Advertising clutter
Today’s consumers, armed with an arsenal of weapons, can choose what they watch and don’t watch. Increasingly, they are choosing not to watch ads.
Native advertising
Advertising or other brand-produced online content that looks in form and function like the other natural content surrounding it on a web or social media platform.
A related form of brand integration is so-called native advertising (also called sponsored content), Examples include Twitter’s promoted tweets, Facebook’s promoted stories, BuzzFeed’s sponsored posts, or Snapchat’s “brand story” ads, branded posts that appear in the app’s “Stories” feed.
Message and content strategy (2 steps)
The “first step in creating effective advertising content” is to “plan a message strategy”—the general message that will be communicated to consumers.
+ Identifies consumer benefits
+ Follows from company’s broader positioning and customer value creation strategies
Creative concept
The compelling “big idea” that will bring an advertising message strategy to life in a distinctive and memorable way.
Message execution is when
the advertiser turns the big idea into an actual ad execution that will capture the target market’s attention and interest.
Execution style
The approach, style, tone, words, and format used for executing an advertising message.
Message execution also includes
- Tone \+ Positive or negative - Attention-getting words - Format \+ Illustration \+ Headline \+ Copy
Consumer-generated content (submit ad message, incorporate the voice, engagement)
- Consumers submit ad message ideas, videos, and other brand content.
- Incorporates the voice of the customer into brand messages
- Generates greater customer engagement