Sesssion 24/25 PROMOTION Flashcards
Promotion Decisions ● Components of Promotion ● Overview ● Comparison ●IMC- Integrated Marketing Communications ● Overview ● Examples ●Major Decisions
Components/elements of Promotion
i- PPASD the test Personal Selling Public Relations Advertising--> placement Sales Promotion Direct Marketing
Personal Selling
-Two-way flow of communication between buyer and seller, designed to influence the buyer’s purchase intentions (e.g., see Chapter on
Sales Mgt.)
Public Relations
- A nonpersonal, indirectly paid presentation of an organization, good, or service (e.g., articles, reviews).
Advertising–> placement
- Any paid form of nonpersonal communication about an organization, good, service, or idea by an identified sponsor (e.g., traditional TV,
print ads)
Sales Promotion
- A short-term value offered to arouse interest in buying a good or service (e.g., coupons, rebates, groupon)
Direct Marketing
Any form of direct communication with the consumer designed to induce a response (e.g.,
catalogs, telephone)
Placements:
- A contractual agreement to work sponsor product in program plot
Integrated Marketing Communications
IMC
IMC:
The process of coordinating all promotional activities to provide a consistent message across all audiences
• All elements of promotional mix strategically integrated.
• All elements viewed from consumer perspective.
Example Of Integrated Communications
M&M/Mars Launch of M&M Crispy –50 Million In Advertising –75 Million Free Samples –100 Million Coupons –Tagline: “The Feeding Frenzy Has Begun”
IMC Strategy
Focus on the management of: CVC
1. Consistency
● In message across media
2. Variation
● Use different types of media to effectively reach the most possible
3. Complementarity
● Some methods are better at generating interest, some better at convincing, some better after sales
Major Decisions (DRAW OUT
"TOMM-BE" Target Objective Message- Media Budget Evaluation
Who Should be the Communications TARGET?
● Customers
● Influencers (celebrities)
● Channels partners
Major OBJECTIVES of Communications (DRAW OUT)
- Build Awareness
- Create Associations
- Develop Motivation to Act
Will:
- Build brand equity (long term)
- Increase purchase intentions (short term)
Approaches to Promotion
CAB
- Cognitive Stage
- Affective Stage
- Behavioral Stage
Promotional Tools and AIDA (DRAW OUT)
(y) Effectiveness
(x) Awareness-> Interest-> Desire-> Action
Advertising Personal selling
P.R. and publicity Sales promotion