8A Flashcards
Effective communication requires three conditions to be identified. They are
Media Planning
Message Execution
Communication objectives
What is Marketing Communications
“Marketing communications are the means by which firms attempt to inform, persuade and remind consumers -directly or indirectly -about the products, services and brands they sell”
What are the 6 parts of the marketing communication mix
Personal Selling, Direct Marketing, Advertising, Sales promotion, Public Relations, Social Media Marketing
What’s the role of marketing communications - identify 5 points
- To facilitate the exchange process through engaging and exciting people to experience the market offering. - to excite
- To inform and show customers how and why a market offering is used -to demonstrate
- To allow companies to to link brands to other people, places, events, brands, experiences, feelings and things.
- To show who develops and supplies the market offering and hence judge their reputation.
- To contribute to brand equity, drive sales and affect shareholder value.
What is Internal Marketing
Communication with Internal Stakeholders around the world identifying the vision, mission, values ethics, objectives, priorities and procedures through online and offline communication channels.
What is External Marketing
Vision, mission, values, ethics, range of products/services, pricing structures, distribution channels, through online and offline communication to the customer from the brand
What is relationship marketing
A two-way communication channel between the brand and the consumer where it measures how effectively - and appropriately - do staff around the world deal with each of the customers and the stakeholders.
What is the Communication Process
the transition of information between brand and consumer where both the sender and the receiver of information must share an understanding of the symbols used to transmit information
What are the 3 conditions for effective communication
Communication Objectives
Message execution
Media Planning
what are the 4 factors affecting marketing communication
Economic differences
Sociocultural differences
Competitive differences
Legal/Regulatory differences
Language differences
What’s the Hierarchy of communication effects
Exposure
Attention
perception
Learning
Attributes
Action
Post-purchases
Note: the bottom is exposure and goes higher
List all forms of one-way communication in the Marketing communication mix
Sales Promotion
Advertising
Public Relations
List all forms of two-way communication in the marketing communication mix
Social Media Marketing
Personal Selling
Direct Marketing
What are the 6 Major international advertising decisions
Objective Setting
Budgeting Selection
Messaging selection
Media Selection
Agency Selection
Marketing evaluation
what is objective setting
Communication Objectives
Sales objectives
What are the budgeting theories to consider for international advertising decisions
Competition parity approach
affordable/percentage of sales approach
Objective and task Approach
What is Percentage of sales/affordable approach
The firm automatically allocates a fixed percentage of sales to the advertising budget
what is the competitive parity approach
The firm estimates and duplicates the competition amount spent of marketing communications
What is the objective and task approach
Determine the objectives and then ascertaining the tasks needed to attain the objectives
what are the factors which need to be considered when adopting a certain form of media for marketing communication
Based on Mass media or a targeted approach
Reach
frequency
Impact
what are the messaging decisions which need to be considered
USP
Standardising or adapting
What are the types of media which need to be considered for marketing communication decisions.
TV
Radio
Outdoor advertising
newspaper
Magazine
what are the factors which need to be considered when selecting a national or international agency for marketing communication agency
Type of product
Nature of advertising
policy of the company
what are the factors for advertising evaluation for the international consumer decision
Communication impact
Sales impact
pretesting of print/TV ads