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Principles of Marketing

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Presentation on theme: "Principles of Marketing"— Presentation transcript:

1 Principles of Marketing
15 Principles of Marketing Advertising and Public Relations

2 Developing Advertising Programs
Setting advertising objectives Setting the advertising budget Developing advertising strategy Evaluating advertising campaigns 15-4

3 Developing Advertising Programs Setting Advertising Objectives
An advertising objective is a specific communication task to be accomplished with a specific target audience during a specific time Objectives are classified by primary purpose Inform Persuade Remind 15-5

4 Developing Advertising Programs Setting Advertising Objectives
Informative advertising is used when introducing a new product category; the objective is to build primary demand Comparative advertising directly or indirectly compares the brand with one or more other brands 15-6

5 Developing Advertising Programs Setting Advertising Objectives
Persuasive advertising is important with increased competition to build selective demand 15-7

6 Developing Advertising Programs Setting Advertising Objectives
Reminder advertising is important with mature products to help maintain customer relationships and keep customers thinking about the product 15-8

7 Developing Advertising Programs Developing the Advertising Strategy
Advertising strategy is the strategy by which the company accomplishes its advertising objectives. It consists of two major elements: creating the advertising message and selecting the advertising media. 15-12

8 Developing Advertising Programs Creating the Advertising Message
Advertisements need to break through the clutter: Gain attention Communicate well 15-13

9 Developing Advertising Programs Creating the Advertising Message
Steps in creating effective advertising messages Message strategy Creative concept Message execution 15-15

10 Developing Advertising Programs Creating the Advertising Message
Message strategy is the general message that will be communicated to consumers Identifies consumer benefits 15-16

11 Developing Advertising Programs Creating the Advertising Message
Creative concept is the idea that will bring the message strategy to life and guide specific appeals to be used in an advertising campaign Characteristics of the appeals include: Meaningful Believable Distinctive 15-17

12 Developing Advertising Programs Creating the Advertising Message
Message execution captures the target market’s attention and interest and can include the following execution styles: Slice of life Lifestyle Fantasy Mood or image Musical Personality symbol Technical expertise Scientific evidence Testimonial evidence or endorsement 15-18

13 Developing Advertising Programs Selecting Advertising Media
Major steps include: Deciding on reach-frequency-impact Selecting media vehicles Deciding on media timing 15-20

14 Developing Advertising Programs Selecting Advertising Media
Reach is a measure of the percentage of people in the target market who are exposed to the ad campaign during a given period of time Frequency is a measure of how many times the average person in the target market is exposed to the message Impact is the qualitative value of a message exposure through a given medium 15-21

15 Developing Advertising Programs Selecting Advertising Media
Selecting media vehicles involves decisions that present the media effectively and efficiently to the target customer and must consider the message’s: Impact Effectiveness Cost 15-22

16 Developing Advertising Programs Selecting Advertising Media
Narrowcasting versus shotgun approaches Narrowcasting focuses the message on selected market segments Lower cost Targets more effectively Engages customers better 15-23

17 Developing Advertising Programs
Evaluating Advertising Effectiveness and Return on Advertising Investment Communication effects indicate whether the ad and media are communicating the ad message well and can be tested before or after the ad runs Sales and profit effects compare past sales and profits with past expenditures or through experiments 15-27

18 Developing Advertising Programs Other Advertising Considerations
Organizing for advertising can include: A salesperson in smaller companies Advertising departments and outside agencies in larger companies 15-29

19 Developing Advertising Programs Other Advertising Considerations
International advertising decisions Adapting to local markets Standardization Localization 15-31

20 Developing Advertising Programs Other Advertising Considerations
Standardization Lower cost More coordination More consistency in image Less responsive to consumer needs and expectations 15-32

21 Developing Advertising Programs Other Advertising Considerations
Challenges in international advertising Varying media costs Regulations Restrictions on media spending and the nature of the media claims 15-33

22 Pubic Relations Public relations involves building good relations with the company’s various publics by obtaining favorable publicity, building up a good corporate image, and handling or heading off unfavorable rumors, stories, and events Public relations is used to promote product, people, ideas, and activities 15-34

23 The Role and Impact of Public Relations
Pubic Relations The Role and Impact of Public Relations Lower cost than advertising Stronger impact on pubic awareness than advertising 15-38

24 Major Public Relations Tools
Pubic Relations Major Public Relations Tools News Speeches Special events Written materials Audiovisual materials Corporate identity materials Public service activities Buzz marketing Social networking Mobile tour marketing Internet 15-39


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