Chapter 1 - Introduction to IMC Flashcards
steps in the communication process
sender => encoding => transmission device => decoding => receiver => feedback => sender => …
exemple of noise
=> Talking on the phone during a TV commercial
=> Driving/talking to a friend while listening to the radio
=> Looking at attractive model in a magazine ad and ignoring the message and brand
=> Scrolling past Internet ads without looking at them
State the definition of IMC
coordination and integration of all marketing communication tools, avenues and sources within a company…
into a seamless program that maximizes the impact on consumers and other end-users
at minimal cost…
and includes all business-to-business, channel, customer, external, and internal
communications
list several activities that IMC entails
traditional :
=> advertising
=> sales promotion
=> personal selling
novel :
=> Interactive marketing
=> Social Media
=> Alternative Marketing
(=> database marketing)
(=> direct response marketing)
(=> sponsoring marketing)
(=> PR)
advances in information technology
=> Proliferation of instant communications
=> Consumer access to unlimited information
=> Increasing communications between consumers
changes in channel power
There is an ongoing shift from manufacturers to consumers
Increasing Global Competition
More competition => research offline and purchase inline, only best product wins
increasing brand parity
As competition increases, brands become more equivalent, brand loyalty declines as consumers increasingly choose among groups of preferred brands at groups of preferred retailers
Desire for fun
Consumers become more and more demanding, requiring increasingly more “fun”-interactions leading to an “experience economy”
Understand why advances in information technology, changes in channel power, increasing global competition, increasing brand parity and desire for fun have led firms to focus on integrating their marketing communications
- Firms aim to facilitate customer engagement
=> Examination of all contact points with customers
=> Emphasis on two-way communication
=> Goal: increase consumers’ emotional commitment to the brand
- Consumers are requiring increasingly more “fun”-interactions
=> Virtual reality
- Firms cannot market to a whole body of customers anymore, „shotgun marketing“ is over
=> Focus on individuals and small customer groups
=> Usage of mass customization to offer products
=> Communication with personalized messages
Describe additional trends in marketing communication
=> Increasing focus on accountability and measurable results
(Facebook, Google analytics)
=> Greater partnering among key players to achieve integration
(e.g., account executives, brand managers, creatives)
=> Increasing use of alternative media and interactive marketing to reach consumers