Ch.1 Principle And Practices Of PRA Flashcards
What is Integrated marketing communications (IMC)
A strategic integration of various promotional elements that communicate with a firm’s customers, aiming to achieve maximum communication impact
Elements of IMC
- Advertising
- Direct marketing
- Interactive/ internet marketing
- Sales promotion
- Public relations
- Personal selling
Advertising
Advertising is a paid, non-personal communication of information about products or ideas by and identified sponsor though the mass media in an effort to persuade or influence behavior
Direct marketing
Organisations communicate directly with target customers to generate a response or a transaction
Interactive/ internet marketing
The new media provides a new channel for companies to communicate with customers in more personalised and interactive ways
e.g. Viral marketing
Create messages that consumers willingly and spontaneously share with others via the digital platform
Sales promotions
Promotion activities that provide extra value or incentive to the sales force, the distributors, or consumers, so as to stimulate immediate sales
Difference between publicity and public relations
Publicity:
1. Not under the control of company/ organisation
- Sometimes unfavourable
- A narrower objective, in which attempting to get the media coverage on a product, service or event
PR:
1. Systematically planned and distributed by an organisation
- Always favourable to enhance a company ‘s image
- A broader objective, in which aiming to establish and maintain a positive image of the company among it various publics
Personal selling
Person to person communication in which a seller attempts to persuade prospective buyers to purchase the company’s product or service