IMC Module1
IMC Module1
IMC Module1
Communications
COURSE OBJECTIVES
To build a comprehensive framework for integrated
marketing communications.
To the study the advertising, publicity, personal selling,
direct marketing and sales promotion.
To enhance knowledge of emerging trends in integrated
marketing communications.
To acquaint the students with the latest internet and e-
marketing techniques, ethically way of handling business.
COURSE OUTCOMES
The students will be able to define and apply knowledge
of various aspects of managerial decision making related
to marketing communications strategy and tactics.(CO1)
The students will be getting an idea to explain the role of
IMC in the overall marketing &Use effectiveness
measures to evaluate IMC strategies.(CO2)
The students will get the ability to create an integrated
marketing communications plan which includes
promotional strategies. (CO3)
The students will get trained in the art of drafting, prepare
advertising copy and design other basic IMC tools
ethically Situations. (CO4)
Integrated Marketing
Communication
Module 1
Marketing communications are the means by which marketers
2. Increased Effectiveness:
By integrating various marketing channels, brands can create a
more cohesive and impactful marketing campaign. Consistent
messaging across multiple touch points increases the likelihood
of reaching and resonating with the target audience, driving
higher engagement and conversion rates.
3. Cost Efficiency:
While implementing an IMC strategy may require initial
investment in infrastructure and technology, the long-term
benefits often outweigh the costs. By streamlining
communication efforts and eliminating duplication, brands can
optimize their marketing budgets and achieve greater ROI.
Identifying Markets
Geographic Segmentation
Demographic Segmentation
Psychographic Segmentation
Behaviouristic Segmentation
Benefit Segmentation
Selecting a target market
Positioning -“the art and science of fitting the product or service to one
or more segments of the broad market in such a way as to set it
meaningfully apart from competition.” Positioning strategies generally
focus on either the consumer or the competition.
Developing a Positioning Strategy: To create a position for a product or
service, managers must ask themselves six basic questions:
What position, if any, do we already have in the prospect’s mind?
What position do we want to own?
What companies must be outgunned if we are to establish that position?
Do we have enough marketing money to occupy and hold the position?
Do we have the guts to stick with one consistent positioning strategy?
Does our creative approach match our positioning strategy?
Determining the positioning strategy
Identifying competitors
Assessing consumers’ perceptions of competitors
Determining competitors’ positions
Analyzing the consumers’ preferences
Making the positioning decision
Monitoring the position
Developing the Marketing Planning
Program
Product Decisions
Product planning involves decisions not only about the item itself,
such as design and quality, but also about aspects such as service and
warranties as well as brand name and package design.
Consumers look beyond the reality of the product and its ingredients.
The product’s quality, branding, packaging, and even the company
standing behind it all contribute to consumers’ perceptions.
Branding
One important role of advertising in respect to branding strategies is
creating and maintaining brand equity, which can be thought of as an
intangible asset of added value or goodwill that results from the
favourable image, impressions of differentiation and/or the strength of
consumer attachment to a company name, brand name, or trademark.
Packaging
Packaging is another aspect of product strategy that has become
increasingly important. The package is often the consumer’s first exposure
to the product, so it must make a favourable first impression.
Pricing
The price variable refers to what the consumer must give up to purchase a
product or service. While price is discussed in terms of the dollar amount
exchanged for an item,the cost of a product to the consumer includes time,
mental activity, and behavioural effort. A firm must consider a number of
factors in determining the price it charges for its product or service,
including costs, demand factors, competition, and perceived value.
Distribution Channel
Marketing channels, the place element of the marketing mix, are “sets of
interdependent organizations involved in the process of making a product
or service available for use or consumption.
IMC PLANNING
IMC Planning
Step 1: Know your target audience
As a general rule, there is no “general audience”. You always want to
communicate with a specific audience to make the most effective use
of your resources.
Segmenting specific audiences into groups based on characteristics
will help you identify who are most likely to purchase or utilize your
products and services.
Step 2: Develop a situation analysis
Commonly referred to as a SWOT Analysis, this is basically a
structured method of evaluating the internal strengths and weaknesses,
and external opportunities and threats that can impact your brand.
A situation analysis can provide much insight into both internal and
external conditions that can lead to a more effective marketing
communications strategy.
Step 3: Determining marketing communication
objectives
In this step, you basically want to document what you
want to accomplish with your IMC strategy. Objectives
should be measurable if you truly want to map your
campaign’s effectiveness at the end of your plan’s term.
Step 4: Determining your budget
Having a realistic idea on what you have to work with is
important as it will shape the tactics you develop in the
next step. Once you determine your overall budget, you
will want to come back to this after completing step five
to further refine your budget allocations.
Step 5: Strategies and tactics
Looking back at the objectives you created in step three,
you will want to develop strategies which are ideas on
how you will accomplish those objectives. Tactics are
specific actions on how you plan to execute a strategy.
Step 6: Evaluation and measurement
Almost as important as the plan as a whole, you want to
outline a method of how you will evaluate the
effectiveness of your IMC strategy. Sometimes elements
of your plan will not work. It’s important to know what
did or didn’t, try to understand why, and make note for
future planning.
IMC Development PROCESS
1. Tactical co-ordination (content)
2. Redefining the scope of marketing communications
(channels)
3. Application of information technology
(stakeholders)
4. Strategic and financial integration (results)
Measurement of IMC Performance
Company KPIs
One clear way to measure how successful your marketing
communications have been is through KPIs (Key
Performance Indicators). KPIs provide a clear measurement
of performance, allowing an evaluation of the effectiveness
of the strategy. For example, measuring market share, profit
and revenue or percentage growth. It is essentially using
benchmarking and targeting to evaluate success. A strong
marketing communication strategy will increase almost all
sectors of growth.
Campaign Success
You can measure your campaign success in different ways. Using
coupons or discount codes can provide a good measure of success for
more traditional campaigns e.g. print advertising. These strategies are
useful as they show the ROI of the campaign.
For digital campaigns; open rates, click through and online sessions can
track success.
Brand Recognition