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Technology has transformed the way marketing
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The aim of the paper is to analyse the ways that changing technology impacts in integrated marketing communication in the current business market. Moreover, it intent to analyse the concept of IMC in regards of the marketing nature in current marketing environment. In addition, it determined evaluate the marketing functions within organisation in regards of IMC that affect the marketing pattern of organisations. Last of all, it evaluates the role of marketing mix in organisations that attract consumers towards the products and services of the company.
Integrated Marketing Communication
Integrated Marketing Communication (IMC) can be explained as the coordination and combination of the marketing communication tools and marketing techniques and
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It is one of the key elements while doing a business in the national and international market to analyse the needs and demands of their potential consumers and provide them by means of their products and services to attract towards the company (Brassington & Pettitt, 2007).
Organisational marketing procedures comprise of four principle components which are publicising, individual offering, deal Marketing and Public relation tools. First, publicising is any non-individual paid type of communication of thoughts or products in the prime media. The most common marketing mediums include TV, daily papers, radio, magazines, internet and other. Second, individual offering is direct offering in which a seller endeavours to influence a buyer to sell their products. Third component is Sales Marketing that motivates the consumers or circulation channel to empower interest for the product that includes utilising cash off coupon or discount offer. Last of all are the public relations that encourage the PR officer to communicate the product, services or organisation among the people by increasing its knowledge without utilising the media resources directly (Evans, et al.,
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A business pitch is basically intended to be either an acquaintance of a product with a crowd of people who knows nothing about it, or an illustrative extension of a product that a group of people has communicated with the product. In spite of the fact that an effective deals pitch will leave few inquiries unanswered, the moderator must have the capacity to answer any inquiries that emerge as a consequence of provoked interest among their consumers. Regardless of the fact that a business pitch is conveyed viably, the moderator must be arranged to defeat any snags that may evade the end of the deal (Solomon, et al., 2010).
Marketing Function within Organisation
Utilising IMC system guarantees that all types of communication tools and messages are thoroughly connected together to express, to convince, and to impact buyers to purchase a product. It likewise offers buyers some assistance with moving comfily through the each phases of the purchasing procedure incorporate perceiving issue which is attention to need, seeking data around an product, assessing of choices, settling on buy choice, purchasing and post-purchasing.
Firstly, one of the most important focuses would be given to the target customer as we will need to know more about their taste and preferences. What it is they need and or want. Particular topics covering this area will be, the need for ‘Market segmentation’, identifying a competitive position in the market about to enter in the market and studying consumer behaviour, will all be discussed.
As the media landscape changes, marketers may change the type of promotions they use in order to reach their target markets. With changing technology and social media (e.g., Facebook), less money is being budgeted for traditional media such as magazines and more money is budgeted for “new media.” Regardless of the type of media used, marketers use integrated marketing communications (IMC) to deliver one consistent message to
Another one of the 4P's is 'promotion'. This includes all of the tools available to the marketer for 'marketing communication'. As with Neil H.Borden's marketing mix, marketing communications has its own 'promotions mix.' Think of it like a cake mix, the basic ingredients are always the same. However if you vary the amounts of one of the ingredients, the final outcome is different. It is the same with promotions. You can 'integrate' different aspects of the promotions mix to deliver a unique campaign. The elements of the promotions mix are:
It is difficult to find a universal definition of marketing communications, and there are many different orientations regarding the subject. The table below summarises the main ...
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
In the conclusion, IMC tools have different ways to advertise a brands and one of the main reason of doing it, that is to increase the brand reputation. Compared to all direct competitor and indirect competitor, Nestle’s Kit Kat should follow the footsteps of other competitors. In the same time Kit Kat should also implement more communication tool that should learn from other competitor mistake and also to be more better in doing advertisement. However, in all the effective tool there will be also some tool that are not that effective when it is been used in a certain situation. Therefore, it will be important for a marketer to identify and select which is the best IMC tool to be used to maximize the outcome of the IMC tool and also the profit.
Customers – the special requirement of the customer can be the new product of the market
Through identification of the values of its choice, it will be in a position to convince its customers that it is the best provider of services that meets their demand. This will help the company influence key objectives of an organization of your choice and assess the influence of stakeholders in its operation ranging from financial, human resource and other activities. (b) Knowing the financial importance of human resource... ... middle of paper ... ... social responsibility in order to benefit most of the communities that are close to it geographically.
As per view of this concept is getting popular in the present era as compared with past and has become one of the main reason behind success of businesses in the market. Majority of the customers prefer to access information with the help of online mediums such as social media, emails, print media etc. Further, it is advantageous for business in every possible manner where customer behaviour can be easily influenced and in turn leads to higher market share along with profitability. It can be stated that in the modern era, online marketing has started to play very important role in overall growth and success of any business enterprise. The use of tools such as online marketing helps businesses to carry out more effective and accurate marketing of services and products available (Gobo,
Every company wants to understand why people decide to buy its products or others. Firstly, we have to understand why people buy certain kind of product. People buy products because they need them. A need is activated and felt when there is a sufficient discrepancy between a desired or preferred state of being and the actual state. (Engle£¬Blackwell and Miniard. 1995. p407 ) For example, when you feel hungry, what you needs is some food. It is very important for marketer to understand the needs of consumers. All the consumers may have the same needs, but the ways which they satisfy what they need are different. Here is a example, Chinese people would choose rice when they feel hungry, whilst British people may choose bread to satisfy their needs.
Several facts are changing in today’s marketing communications. Owing to the growing numbers of alternative communication media and promotion, marketing communication does not just primarily focus on advertising and promotion. Organizations and entrepreneurs begin moving toward the process of integrated marketing communication (IMC), which has emerged as a new concept and the major communication development in marketing in the 21th century. More and more companies adopt IMC to convey a consistent message about their brand and products to derive competitive advantage and brand value. In addition, IMC has developed into a beneficial strategy for companies to reach more customers as well as build good customer relationships. Smith et al. (1999) and Holm (2006) point out that IMC is one of a successful strategy that coordinates and integrates multiple marketing communication tools to efficiently and economically influence between a company and its existing and potential customers. Thus, IMC is perceived as a useful concept. It offers companies a competitive edge in attracting customers a...
Marketing has been a constantly changing phenomenon. Marketing embraces innovative techniques to accommodate the new standards of the business world. Media marketing was popularized in the year 1969. Over the last decade, the popularity of traditional media such as magazines, newspapers and radio gradually decreased. The traditional techniques of marketing faced its downfall, and different ways of communicating information is possible and are continually sprouting.
Online Marketing Besides, being a new platform for buying and selling, internet has also become a new intermediary for companies to promote their businesses. Because of its characteristics and the high numbers of users, internet has become as powerful as traditional communication channels, such as TV, magazine,
External communication is generally manufactured and preserved by professional communicators; their fields may include public relations, advertising or any other field of planned communication (Angelopulo & Barker 2013:47). Looking at the scenario, “the company has separate marketing and public relations divisions” (University of South Africa 2015:25), is an example of their direct working contribution to the organisation. These experts can be hired directly by an organisation, indirectly as an external agreement service vendor or as a freelancer. For communication integration to advance from this location, professional communicators need to have insight into what the company’s communication wants to aspire and what is the strategy (Angelopulo & Barker 2013:47). As managers it is important to know and understand what consumers’ and external stakeholders’ broad expectations are, on the product and service that the organisation offers, as well as their particular expectations of the company (Angelopulo & Barker 2013:47). The communication capabilities needed at this position is ‘at the communication management and task levels and expertise required in the fields of public relations, corporate and marketing communication’ (Angelopulo & Barker
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.