Week 1 Flashcards

1
Q

Define integrated marketing communications (IMC)

A

The integration of all marketing activities associated with planning developing, implementing and evaluating brand communication (A process, not a thing)

o Integrating all the promotional mix (tools), so that they work together in harmony (creating brand equity)

o In a Clear, Consistent and Compelling voice

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2
Q

Define Brand equity

A

The equity (value) that an established brand has built over it’s history (time)

o Commercial value that derives from consumer perceived value of a brand image and name.
o E.g. Apple known as a creative innovator within the industry

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3
Q

Define brand recognition (lowest)

A

A relatively low level of awareness of a particular brand, where the consumer may be able to identify a brand if given prompts.

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4
Q

Define brand recall

A

A relatively high level of awareness of a particular brand,
where a brand is so well known that many consumers can recall the brand
without prompts.

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5
Q

Define top of mind awareness

A

This pinnacle of brand-name awareness occurs

when a company’s brand is the first brand that consumers recall when thinking of a particular product category

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6
Q

explain brand awareness pyramid from bottom to top

A

unaware of brand
brand recognition
brand recall
top of mind awareness (TOMA)

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7
Q

steps in building brand equity framework

A
  1. Profile the Target Market:
    o Determine the message and positioning.
  2. Use the relevant media channels:
    o Reach the target consumer e.g. younger people = social media.
  3. Achieve communication synergy
    o Speak with one voice, build brand equity
  4. Influence the target market
    o Sales, awareness, loyalty, behavior
  5. Build customer relationships:
    o Repeat purchases, positive WOM, community
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8
Q

Common IMC elements

A
  1. Sponsorship
  2. Personal selling
  3. Sales promotion
  4. Pubic relations
  5. Advertising
  6. Point of purchase
  7. Direct marketing
  8. Digital marketing
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9
Q

Common imc media channels

A
o	Newspaper
o	Facebook
o	Radio
o	Television
o	Twitter
o	In-person
o	In-store
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10
Q

define positioning

A

Central idea that encapsulates a brand’s meaning and distinctiveness e.g ‘Apple’ = ‘Think Different’

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11
Q

define targeting

A

Meaningful segmentation of a number of demographics and psychographics
o Messaging/positioning must align with the values of the target consumer to create synergy

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12
Q

major differences between traditional and social media

A

market research:
surveys or focus groups conduced infrequently with limited customers (traditional

Continuous detailed feedback from customers inning online communities
(social media)

New product Development:
New products created by R+D with limited feedback from customers (tradition)

Customers contributing new product ideas to brand team on regular basis

Customer interaction:
One way marketing from the company; two way dialogue occurred in store (traditional)

Customer expect brands to listen and engage with them regularly (SM)

Brand positioning:
Brand positions creased with agency and dictated to customers (traditional)

Brand positioning creased and shared to most engaged, loyal customers (SM)

Targeting:
Tv ad created for the masses, some minimal targeting via program selection (traditional)

Digital campaigns reach consumers in an entirely personalised manner (SM)

Creative:
Campaign created with agency and executed over 6 month plan (traditional)

Campaign constantly evaluated and evolved based on real time data

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