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MARKETING STRATEGY O.C. FERRELL • MICHAEL D. HARTLINE

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Presentation on theme: "MARKETING STRATEGY O.C. FERRELL • MICHAEL D. HARTLINE"— Presentation transcript:

1 MARKETING STRATEGY O.C. FERRELL • MICHAEL D. HARTLINE
10 Integrated Marketing Communications

2 Integrated Marketing Communication
Integrated Marketing Communication (IMC) “…the strategic, coordinated use of promotional elements to ensure maximum persuasive impact on the firm’s current and potential customers.” Reasons that IMC is important: Fosters long-term relationships Reduces or eliminates promotional redundancies Technology allows better targeting of customers

3 Promotional Elements Used in IMC
Exhibit 10.1

4 Strategic Issues in Integrated Marketing Communications
IMC must have clear promotional goals and objectives The AIDA Model Attention Interest Desire Action Promotional goals with respect to the supply chain Push or pull strategy?

5 Promotion Strategy Over the Product Life Cycle
Exhibit 10.2

6 Advertising Types of Advertising Determining the Advertising Budget
Institutional advertising Advocacy advertising Product advertising Determining the Advertising Budget Objectives and task approach Percentage of sales approach Competitive matching approach Arbitrary approach

7 Evaluating Advertising Effectiveness
Methods Evaluating the achievement of advertising objectives Assessing the effectiveness of advertising copy, illustrations, and layouts Evaluating the effectiveness of various media Timing of Evaluation Pretest During campaign Posttest

8 Public Relations Public Relations Methods Negative Public Relations
News (or press) releases Investor relations - Feature articles - Employee relations White papers - Event sponsorship Press conferences - Product placement Lobbying

9 Personal Selling and Sales Management
The Sales Management Process Developing Sales Force Objectives Determining Sales Force Size Recruiting Salespeople Training the Sales Force Controlling and Evaluating the Sales Force The Impact of Technology on Personal Selling

10 Comparison of Sales Force Compensation Methods
Exhibit 10.8

11 Sales Promotion in Consumer Markets
Types of Sales Promotion to Consumers Coupons Rebates Samples Loyalty programs Point-of-purchase promotion Premiums Contests and sweepstakes

12 Sales Promotion in Business Markets
Sales Promotion Methods Unique to Business Markets Trade allowances Free merchandise Training assistance Cooperative advertising Selling incentives


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