Term
| Integrated Marketing Communications |
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Coordination of promotion (& other mktg) for maximum effect (Oscars Night & M&Ms) **Consistant Message**
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Sharing of meaning through transmission of info Begins with a SOURCE
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person, group, organization with a meaning... attempts to share this meaning with an audience
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Individual, group, organization Decodes the coded message Audience... two or more receivers
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part of the Communication Process, encoding a message (source towards receiver) via symbols the receiver should recognize
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medium that the message is carried ie: ink on paper, chalk marks on chalkboard, etc
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signs/symbols are converted into concepts/ideas **receiver decodes from source
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anything that reduces communication's clarity & accuracy ie: radio static, slow internet connection, unfamiliar sign or symbols
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receiver's response to a decoded message receiver=audience ↓ source=receiver
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limit on volume of info of the communication channel ie: channel:speech = people can only talk so fast channel: radio = limit to words in announcement
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communication to build/maintain relationships informing or persuading
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Create awareness Stimulate Demand Encourage Productivity Identify Products Retain Loyal Customers Facilitate Reseller support Combate Competitors Reduce Sales Fluctuations
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Demand for Product category introduce innovative product
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informs potential customers about product *introductory stage no competing brands, no emphasis on brand names
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demand for specific brand differentiate product from competing brands encourage existing customers to buy more of brand
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1) Advertising 2) Personal Selling 3) Public Relations 4) Sales Promotions
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Paid Non-personal benefits: cost efficient effective for brand name extensions disadvantages: absolute dollar price can be HIGH rarely provides feedback (quickly)
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Paid Personal (inform customers - persuade to purchase) disadvantage: directed at one individual costs more per person advantages: greater impact on consumer provides immediate feedback
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*Perosnal Selling communication through movement of body language ie: nodding, winking, etc
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**Personal Selling -less obvious form person varies physical distance in face-to-face interactions
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**Personal Selling communicating through touching
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used to create good relations between company and stakeholders ie: annual reports, sponsorships also non-personal: news releases
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acts as a direct inducement adding value/incentive to buy product sweepstakes, rebates, etc
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Term
| Characteristics of Target Market |
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Size Distribution Demographics
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attempt to gain acceptance through word-of-mouth communications
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strategy to get Internet users to share ads and promotions with their friends
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| Institutional Advertising |
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promotes organizations ideas, images, political issues
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promotes company's position on public issue ie: Parents encouraged to talk to kids about not smoking
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Promotes the uses, features, and benefits of the product 1) pioneering 2) competitive
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compares two or more brands on basis of one or more product characteristic
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Remind consumers about established brand's uses and benefits
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| reinforcement advertising |
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assures users they chose the right brand - explains HOW to get the most out of it
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1) Identify/analyze target audience 2) Define advertising objectives 3) Create Ad platform 4) Determine advertising appropriation 5) Develop media plan 6) Create Advertising message 7) Execute Campaign 8) Evaluate advertising effectiveness
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basic issues/points to be included in campaign
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| Advertising appropriation |
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advertising budget for specific time period
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| Objective - and - task approach |
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budgeting for ad campaign by 1) determining objectives 2) calculating costs of tasks to attain #1 Problem: Accuracy of estimates of #2
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| Percent -of- Sales approach |
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multiply firm's past & expected sales x Standard percentage Problem: incorrect assumption that sales create advertising
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| competition-matching approach |
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determine ad budget by matching competitor's advertising outlays
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budgeting for ad campaign specified by a high-level executive in the firm Problem: often = under/over spending
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specifies media to be used and schedule for ads Primary goal: reach largest # of people in target Secondary goal: frequency
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| Cost comparison indicator |
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**Media selection lets advertiser compare costs of several media vehicles vs. # of people each vehicle reaches (within a specific medium)
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1) continuous - ad runs at constant level throughout campaign 2) flighting - ad runs for set periods of time (alternating with periods w/o ads run) 3) pulsing (combo of 1 & 2) -certain portion of ad runs continuously -certain period of time bring additional ads for intensity
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verbal portion of ads headlines, body, signature, etc
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blueprint -copy & visual material shows sequence of major scenes in commercial
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**evaluating ad campaign Consumer Jury - panel of product's potential/existing buyers who pretest ads
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**evaluating Ad Campaign - objectives usually determine type *communication=surveys/experiments *sales=uses data past/current & $ to estimate effects of campaign on market share
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**evaluating ad campaign -posttest - respondents shown actual ad & asked if recognize
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**evaluating ad campaign - respondents asked to identify ads recently seen w/o recall clues
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**Evaluating ad campaigns -respondents asked to identify recent ads given clues to jog memory
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