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1. What is integrated marketing communications, and why is it becoming increasingly accepted
1. What is integrated marketing communications, and why is it becoming increasingly accepted
1. What is integrated marketing communications, and why is it becoming increasingly accepted
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BACHELOR OF BUSINESS ADMINISTRATION (HONS) MARKETING (BM 240)
MARKETING COMMUNICATION
(ASSIGNMENT 1)
(MKT 547)
MOHD AZIZAN BIN JAMIKAH
2013773161
BM2404A1
DATE OF SUBMISSION:
9TH OCTOBER 2014
UNIVERSITY TECHNOLOGY MARA (UiTM)
Marketing communications is a process of combining marketing theories together with communication strategies. In order for marketers and the organisation to be effective and efficient in the market, integrated marketing communication has been introduced in 1990s for them to be competitive in the market. Development in the marketing discipline has become one of the most significant examples of the emergence of integrated marketing communications (IMC) (Kitchen, 2003). Integration of marketing elements has been brought
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Use of one definition of integrated marketing communication (IMC) according to Shimp & Andrews provide concise and clear perspective of the concept which allows the marketers to have more better understanding about the idea of integrated marketing communication (IMC). In others word, integrated marketing communications (IMC) be known as one process of developing and implementing various forms of persuasive communication programs (promotional tools) with customer and prospect. Four stages are involved in the process of develop and implement the integration of marketing communication which is planning, creation, integration and implementation. All those stages are lead to the process of integrated marketing communication (IMC) to be successful. The promotional mix and other elements are interrelated with each others. The elements should be used as one rather than be used separately. In short, according to Shrimp & Andrews definition, integrated marketing communication refers to communication process that entails those four stages in the process of integration in the …show more content…
(1999) which three major definition has been mention. Firstly, integrated marketing communication (IMC) is the control and the management of all marketing communications. Ensure all the personality and messages to be delivered synergistically across every element of the marketing communication and sent from consistent strategy will be second definition according to Smith et al. (1999). Second definition distinguished by Smith is actually similar to the definition that being mentioned and applied in the text of Shimp and Andrews (2003) which states that by using multiple well-coordinated marketing communication tools there is synergistic effect occur. Synergy simply defined as working together. By allowing types of marketing communication to work together, IMC will bring out effectiveness and efficiency in the marketing communications activities. As the third definition, Smith defined IMC as a strategic analysis which referring to how do their execute and control of all elements of marketing communications which efficiently (raising benefits), economically (reduce cost) and effectively which will influence and induce an action for the consumer or prospects to do a transaction where the third definition of the IMC is actually related to the definition that have been given by
In todays marketing world there are several types of traditional and non-traditional promotion mix tools to better accomplish your marketing objectives. DJ Jekyll & Mz Hyde, after careful consideration and review have implemented an integrated marketing communications strategy (IMC) to ensure the best possible return on investment (ROI).
is to do what the persuader wants the person to do, or choose otherwise. One way a person can persuade is through the use of words (Lakhani 143), like the words of a slogan. People can also be manipulated to act a certain way or believe in something. When a person is manipulated by someone, he or she hide their intent or real purpose (Sutiu 102). Manipulation is the more devious method of influencing someone. Unlike persuasion, the manipulator 's intentions are not known, and definitely are not good (Sutiu 105). As mentioned above, both are forms of communication with the goal to influence a person 's behavior one way or another. However, they differ because with persuasion, an individual is able to exercise his or her free will (Sutiu 106).
This paper will describe the four elements of the marketing mix (product, place, price, promotion). In addition, it will describe how each element is implemented within a specific organization and how the four elements relate to that organizations marketing strategy. The company used in this example is both a product and service driven company and is in business for profit.
Advertising is now as a communication strategy in order to construct consumer’s actions and beliefs about their desire of the products. Most companies will hire advertisement department to promote their products through a creative advertising. However, advertisement not only promotes products for companies but also could influence their sale since the competitive marketing all over the world. All of the companies use advertising to promote their products, therefore, the job of advertisement companies in order to use advertising as a communication strategy and transfer its valuable message to consumers. Since the advertising marketing has become extensive and competitive, for most advertisement companies, the only way to attract audience’s attention is to be more
The challenge for this case is to build an Integrated Marketing Communications (IMC) campaign plan to a targeted market: Millennial’s (aka Generation Y), the timeline for campaign: April 2014 – March 2015, with a budget of $15 million for a national campaign.
Marketing In this day and age is vital for a company to perform at its possible best. Marketing’s main focus is to give great satisfaction to a customer. There are many aspect of marketing, these aspects give marketer’s the tools to help strive for the best possible success they can achieve. They hope that they can create exposure for their brand, product or service.
Given the changing market environment, the need for more efficient and cost effective marketing strategies has induced changes to the way marketers conduct their marketing activities and led to the adoption of more integrated approaches (Dewhirst & Davis, 2005). The consequence has been the adoption of a more holistic customer oriented approach to conducting marketing communication activities, a process often known as Integrated Marketing Communications (IMC) (Dewhirst & Davis, 2005).
The increasing process of globalization, coupled with an organization seeking to satisfy the needs of consumers globally, contributes significantly in embracing technology in the marketing process. In addition the marketing strategies are inclined towards reaching not only the targeted segment, but also potential customer that can be captured based on the market forecast of the firm. Therefore, integrating various tools of communication as well as platform of reaching out to a wide range of audience has been embraced by corporate globally. Notably, effective communication is vital in the marketing process (Percy, 2008). On the other hand, reaching out to a wide range of customers or audience in the advertising process in significant important. From this perspective organization can utilize both effective communication and a contemporary platform to reach to a wide range of
12. Raman, K., and Naik, P.A., (2005), Integrated Marketing Communications in Retailing, [online] Available at: http://ramanassoc.com/yahoo_site_admin/assets/docs/IMC_in_Retailing.26100503.pdf, Accessed on: 1st April 2014
Marketing is very important to the success of a business. Before people can buy a product or service they have to know about it. However, marketing entails more than just letting people know what your company has to offer. Throughout this paper, I will define marketing, offering my personal definition as well as more formal definitions from other sources. Furthermore, I will explain to the reader the importance of marketing to organizational success giving real world examples in support of this explanation. The field of marketing can include many things. I believe, however, the most important thing which it should include is communication with customers as to the value and benefits of using that particular company's products and services. It should help to establish the business's niche in the industry and distinguish it from other such businesses.
A good definition of marketing is the process of the intermediary function between product development and sales. (Reddy ) The field of marketing entails taking a generic product or generic service (the product or services do not have to be “generic” they may be actually unique to the marketplace) and associating the generic product with a brand name (Petty 2001). Under this generic concept are the activities of advertising, public relations, media planning, sales strategy and so on.
Several facts are changing in today’s marketing communications. More companies adopt the new concept of integrated marketing communications (IMC) to convey a consistent message about their brand and products. Hence, IMC has played a powerful role and developed into a useful strategy for company to reach more customers and build good customer relationships. According to Herstein et al. (2008), IMC is one of a successful strategy that coordinates and integrates all of marketing communication tools to efficiently and economically influence between an organization and its existing and potential customers. Moreover, marketers can combine IMC tools (advertising, sale promotion, personal selling, direct marketing and public relations) rather than separate practices to create values and avoid potential conflicts (Duncan & Everett, 1993). In fast food industry, fast food chains integrate advertising, sale promotion, sponsorship, packaging and Internet to promote their products as well as build brand image (Sperber, 2003; Story & French, 2004; Morrison, 2010). Advertising is most used form of communication and the most frequently utilized medium due to it easily contact the target market, especially on television advertising (Story & French, 2004; Case, 2007). In addition, simple toys and products are typically used by fast food chains in children’s meal to attract children and adolescents.
In all reality, all businesses will, in some way shape or form, complete all of the marketing activities, even if completing these activities is not their main goal. (Dlabay 2006.) These marketing activities are product, place, price, and promotion. A business tool called that marketing mix takes all of these activities and puts them together in a way that can be used to help improve a business’s marketing strategy. Product is what the company is selling; Place is where the consumer will obtain this product; Price is what the consumer will pay for the product; Promotion is any type of communication that is intended to remind, inform, or persuade. (Dlabay 2006.) The marketing mix and the four P’s describe very well what business marketing is all about.
The term “direct marketing” excludes the "middle man" from promotion, as a company's message is provided directly to a potential customer. (Investopedia, 2010) Direct marketing is an advertising campaign that aims to gain an action (such as an order, a visit to a store or Web site, or a request for further information) from a group of consumers in response specific communication from a marketer. The communication may take many forms such as mail, telemarketing, direct e-mail marketing, and point-of-sale (POS) interactions. (searchcrm.techtarget.com, 2014).
Marketing is defined as follows: Marketing is the process of interesting potential customers and clients in your products or services. In this essay, I am going to address the concept of “social marketing” and how does social marketing differ from “societal marketing” or “socially responsible marketing” in the first part, and in the second part, I am going to provide examples of each of the three approaches to marketing and analyse how these represent a departure from traditional marketing practice.