APR 423 Exam 1 Flashcards
Definition of Communication
Sending and recieving messages
Planned message
- Advertising, sales, promotion, sponsorship, packaging, etc.
- Promotes brand or company
- Intended for customers
Product message
Include all messages sent by product design, performance, pricing and distribution
Service message
Service representatives, receptionists, secretaries, delivery people and all representatives of a company
Unplanned messages
News stories, Gossip/rumor, actions of special interest groups, comments by competitiors, findings by gov. or research
Media
Any person, event or thing that provides exposure to a brand
BCP
Brand Contact Point: any brand-related info-bearing interaction that a customer or potention a potential customer has with a brand
3 types of BCP
- Brand or company-created contacts
- Intrinsic (experience with brand)
- Customer-created
3 Approaches to brand decision making
- Habit/Repeat model
- Experiential Model
- Cognitive
Habit/Repeat model
Recognize problem or opportunity–>make brand decision–>Review decision
Experiential Model
Recognize Problem or opportunity–>Search and evaluate feelings about choices/benefits–>Make buying decision–>Review Decision
Cognitive Model
Recognize problem or opportunity–> Search for info. –>Evaluate choices–> Make buying decision–> Review decision
AIDA & Think feel/do model
Attention –> Recognize problem or opportunity
Interest –> Search for Info
Desire –> Evaluate choices
Action –> Make buying decision/ Review
Think
Attention and Interest
Feel
Desire
Do
Action
4 M’s of Marketing Communication
- Motivations
- Message
- Media
- Maximization
Problems of marketing culture
- Knowing vs. Doing gap
- Distorted lens of marketers
- Fear of Failure
- Marketing as magic and myth that you can’t measure branding
3 Steps to accomplish COP (Communication Optimization Process)
- Consensus- Clear definition of what success will look like
- Decision Tree- Scenario planning where we map out possible outcomes and agree on next step
- Measurement - Link marketing effectiveness measurement with action plans
Brand
perception resulting from experiences with and info about a company or line of products
Branding
Process of creating a brand image that engages the hearts and minds of customers
One cannot NOT communicate
No matter what you do, or what a brand does, we are always communicating. Wheather it’s vocal, facial expressions, etc. or a brand plans on communicating something or not, it always is.
Information Rot
Marketing insights that rots instead of stored in an information storehouse
4 criteria to typically describe users of a product
- Demographics
- Pyschographics
- Degree of product/brand usage
- Degree of brand loyalty
Why advertising should e kept as important marketing tool
- increases value of brand and company
- expands # of customers
Cotton Kills
Expression used by mountaineers. Embracing failure, learning from it, and applying the lessons can improve survival.
Problems of marketing culture
- Knowing vs. doing gap
- Distorted view of consumers relationship with advertising
- Fear of failure
- Marketing is “magic” can’t measure branding