Lecture 1 Notes
Lecture 1 Notes
Lecture 1 Notes
Lecture Notes
Learning Objectives
2. Positioning
Represents the key feature, benefit, or image that it stands for in
the target audiences collective mind.
3. Setting Objectives
Ensures that decisions are grounded in the underlying goals, or
objectives, to be accomplished for a brand.
Meet-the-Competition Method
Meet the competition seeks to prevent loss of market share by
raising or lowering expenditures to match the competition (not
used if you are the leader)
Payout Planning
Payout planning occurs when management establishes the
portion of advertising to sales or market share. This method
normally allocates greater amounts in early years to yield
payouts in later years.
Quantitative Models
Quantitative models are simulations of relationships between
advertising and sales or profits. They may be difficult to create
accurately.
1. Mixing Elements
Refers to the choice of exactly how to allocate resources among
the various marketing communication tools. Marketing
communication-mix decisions constitute an ill-structured problem
because there is no way to determine the mathematical optimum
allocation between advertising and promotion that will maximize
revenue or profit.
2. Creating Messages
Refers to the creation of messages in the form of
advertisements, publicity releases, promotions, package designs,
social media, and any other form of marcom message.
3. Selecting Media
Involves choosing from all the different message transmission
alternatives (e.g., selling, TV, etc.).
Advertising
Print or broadcast.
Print newspaper/magazines
Broadcast tv or radio (traditional), online broadcast
Outdoor-out of home
4. Establishing Momentum
Refers to selecting the speed of movement with which the
messages are deployed. The effectiveness of each message form
requires both a sufficient amount of effort and continuity of that
effort.
Marcom Outcomes
Outcomes are twofold: enhancing brand equity and affecting
behavior (each influences the other).
Program Evaluation
This final step in the process is accomplished by measuring the
results of marcom efforts against the objectives that were
established at the outset. There is an increasing demand for
accountability. Measures of communication outcomes include brand
awareness, message comprehension, attitude toward the brand,
and purchase intentions.