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Main Characters of Business Marketing

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Presentation on theme: "Main Characters of Business Marketing"— Presentation transcript:

1 Main Characters of Business Marketing
More complex buying Quantity, structure, concentration Technology and performance driven Importance of coordination Derived demand vs. Joint demand Value

2 Business Promotion-An Integrated Marketing Communications Perspective
Integrated Marketing Communication Program Advertising ? ? ? ?

3 IMC Strategic Planning Process
1. Set communication goals. 2. Determine roles for each medium. 3. Create messages. 4. Place messages in appropriate media. 5. Measure results. 6. Make adjustments in messages and/or media.

4 Communication Goals Action Desire Interest Awareness

5 Business Advertising Roles of Advertising? Creative Plans
Media Selection?

6 Public Relations Focus on the relationships and communications with individual and groups in order to create mutual goodwill. Roles Forms Publicity Public Affair

7 Sales Promotion: Trade Shows
Importance Buyer depend on trade shows Trade shows create dialogue Trade shows reach new prospects Trade shows strengthen customer relationships Building relationships with trade press

8 Trade Shows (cont.) Show selection Show Marketing Strategy

9 Direct Marketing An interactive form of marketing using one or more advertising media to effect a measurable response and/or transaction at any location, with this activity stored on database. Personal Selling

10 Basic Model of Communication
International Marketing Communication Decisions Source/ Sender Encoding Message/ Channel Decoding Receiver Noise Feedback Response Basic Model of Communication

11 International Communication Process
Cultural Context A Cultural Context B Message channel Encoding Advertising Media and or personal sales force Message translated into appropriate meaning Noise Competitive acti-vities, other sales-people, confusion and so on Decoding Encoded message interpreted into meaning Feedback Information source Evaluation of communications process and measure of action by receiver Receiver Markerer with a product Action by consumer responding to decoded message

12 Globalized vs. Localized Campaigns
Globalized campaigns Localized campaigns Pattern campaign

13 Coca-Cola: “Pattern Advertising”
Basic approach Specific communication strategy Specific Audience Local adjustments Words and the lyrics are translated Basic adjustments made to the copy Visual adjustments made to the copy

14 International Advertising Campaigns
Standardization whenever possible When do you know it is possible and how to do it? Adaptation whenever necessary When do you know it is necessary and how to do it?

15 Cross-Cultural Audience Research
1. Economic conditions (LDC, NIC, HIC) 2. Demographic characteristics 3. Values 4. Custom and ritual 5. Product use and preferences

16 Creative Challenges in Global Ads
Written and spoken language Quite literal translations Culture-bound picturing Assumptions and inferences Identifying cross-cultural icons

17 Media Challenges in Global Advertising
1. Availability and Coverage: 2. Costs and Pricing:

18 Regulatory Challenges for Global Ads
The types of products that can be advertised The types of appeals that can be used The times that certain products may be promoted Advertising to children The use of foreign languages in advertisements The use of national symbols in advertisements The taxes levied against advertising expenditures

19 International Agency Options
The global agency The local agency International affiliates


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