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A PLAN IS VITAL
those who obtain the greatest return on advtg. investment are those who have : - a well conceived, well developed plan - they known why they are advtg. - to whom and - what results are expected
essential to integrate advtg. into overall promo plan
A diamond is forever
Absolut Fun
STRATEGIC PLANNING
MARKETING PLAN
Company mission, scope & goals Situation analysis Current mktg. organization Mktg. objectives Mktg. strategies, policies, procedures Mktg. Progress Schedule/assignments Personal plan Budgets Proforma P/L & balance sheet Contracts / continuity
ADVERTISING PLAN
Situation analysis Mktg. goals Advertising recommendation Media recommendation Sales promotion recommendation Budget Evaluation method
YOUR AUDIENCE :
COGNITIVE LEARNING
People actively involved in leering Consumers as goal oriented trying to fulfill needs Service of interviewing variables in consumers mind : Perception, benefits, attitude, motivation
AGENDA SETTING
- Advtg. focuses attention on what products brands & attributes to think about us opposed to persuade consumers what to think of them
DEMAND
- purchasing effects of consumers on products/services - demand illustrated by series of curves - shows relationship of sales to price/availability - advtg. campaign planning demand to be estimated - 3 basic measurements Market demand Market forecast Market potential
TYPES OF DEMAND
generic demand demand for brand
TWO VIEWS
Market aggregation - assumes all consumers are alike Market segmentation - concentrates efforts on the market segment with the most potential
PSYCHOGRAPHIC RESEARCH
imp areas of advtg./mktg. research basis of satisfying inner desire/inner vice we differentiate by type of life styles we have / seek attempt to develop/define specific lifestyles that may be used in ad campaign
OUTER-DIRECTED CONSUMERS
- conduct their lives so that others will think well of them
3 sub-categories
Belongers : traditional, conservative, conventional, nostalgic, sentimental, puritanical, un-experimental Emulators : ambitious, upwardly mobile status-conscious, macho, competitive, but distrustful/angry Achievers : leaders in business, professions, govt. characterized by efficiency, fame, status, good life, comfort & materialistic value
INNER-DIRECTED CONSUMERS
buy products to meet inner needs, rather than respond to opinion of others
I-am-me : young, zippy, exhibitionistic, narcissistic, dramatic, impulsive individualistic, inventive Experimentals : nature variety, want direct experience/vigorous involvement, concerned with inner growth/naturalision Societally conscious individuals : attracted to simple living/smallness of scale, tend to support causes viz conservation, environmentalism, consumerism
THE INTERGRATEDS
- need the power of outer-directedness With the sensitivity of inner-directedness - mature, tolerant, assured, self-actualizing, have a world view - heavily represented in corporate/national leadership
Learning
Attitude Change
Behaviour Change
INFLUENCING ATTITUDES
- 5 basic methods of changing Attitudes towards product/brand Affect product class linkages with goals/events Add a salient characteristic Alter the perception of existing product characteristic Change perceptions of the advertisers brand Change perception of competing brand
EVOKED SET
Result of consumer attitudes about brands is called evoked set of brands When consumer feels need for a particular product category goes through a mental search
AGENDA SETTING
- is the idea that in an unknown situation consumer has little/no info to make a buying decision - the advertiser is said to set the agenda for the purchase
It is part of the mktg plan, contains Info relevant to advtg/sales promotion programme during a given time frame
purpose of the Advertising Plan is to provide an outline of what is recommended & what is done
The purpose of the plan is to communicate clearly/completely what is proposed & the reason why.
III : IV :
V : Advertising Recommendations
Target Market Advertising communication objectives Creative Strategy Creative Execution Plans
VI : Media Recommendations
Key media problem Media objectives Media Strategy Media plan
EVALUATION
Recommended methods Costs
TYPES OF RESEARCH
essential to understand various research techniques have a sufficient understanding of research analysis know how to gather info in the least possible time, at the lowest cost
STEP: 1
Prospect, market, product & competitive research - to identify TG, market size, market location, dist patterns, pricing, product tests/evaluation
STEP: 2
Strategy development research - deals with the sales message/type of appeal to be made to TG
STEP: 3
Advertising performance research - specific goal is to determine how well the ad campaign performed/is performing.
STEP: 4
Media, media usage & media placement research - to determine media distribution, media availability, usage of media by consumer population, size of media audiences.
STEP: 5
Measurements of the effects of the ad campaign - activities / methods designed to evaluate results of the ad campaign among TG
SOURCES OF INFORMATION
Company records/mktg intelligence Previous company research Syndicated market/consumer info Trade & association studies Census/registration data Libraries/universities Miscellaneous sources
EXTRAPOLATION DATA
Limited only by ability/creativity Research can be a very creative field
ADVERTISING OBJECTIVES
A clearly stated, measurable end result of an advertising message/s Usually the objective is measured in terms of change in awareness, preference, conviction or other communication effect
ADVERTISING STRATEGY
Formulation of an ad message that communicates benefits / problem solution characteristics of brand to TG Generally developed for mass media
ADVERTISING EXECUTION
Physical form in terms of art/illustration/copy/music/etc in which ad strategy is presented to TG to achieve ad objective's
FOCUS GROUPS
Comprises individuals Who are asked Qs about product To determine what is imp to them & how they make purchases in a particular product group
FOCUS GROUPS
attempt to learn why purchases of one product are diff from users of competitive products & to determine what they consider to be the key benefits they receive Focus groups provide general direction Which can be pursued through other forms of research
USAGE STUDIES
Research conducted with existing users to determine reasons for purchase Intent is to determine benefits consumer seeks/finds in the brand To be used as a strategy to bring more users to the brand Basic approach is to ask current users why they buy/the benefits from the brand through discussions/questionnaire
MOTIVATION STUDIES
Uses a depth interviewing technique to determine why people act as they do Objective is to discover imp aspects, which might not be uncovered in surface interviews Often used to determine basic beliefs of brand/category Beliefs can be confirmed in more formal/quantitative research
BENEFIT SEGMENTATION
Segmentation studies attempt to group consumers in some fashion so that a specific ad message might be directed at them The studies attempt to group customers/prospects along demographics/Geographics/psychological/lifestyle segments Benefit segmentation attempts to determine various benefits consumers seek from products/services/brands & then to quantify consumers based on these benefits Benefit segmentation a complex process but provides valuable answers/insights to campaign planners
We segment the market into gropu of consumers who seek the same benefit
STEP : I
Campaign planner must determine which of the Several Potential product benefits is most imp to the consumer A separate concept statement would be written for each benefit
STEP : II
determine the best way to communicate the benefit requires a concept statement different sort the alternative routes in which the benefit can be communicated this is the strategy statement/advertising promise
EVALUATING RESEARCH
imp to evaluate existing / just completed research key Qs are : do the results provide solid research on which advtg. decisions can be based crucial bench marks : (i) soundness of research (ii) issues of validity/reliability (iii) whether the info is germane to the recommendations, resulting from analysis of data
LIMITATIONS OF RESEARCH
Research, no matter how well conducted will not provide precise answers All research is time/situation specific Research is a business tool, not an answer to all business questions Research is an out-of-pocket expense Research is time-consuming Research personnel is in short supply
4 REASONS WHY?
Measurement Design the Plan Evaluate the Results of the Campaign Relate Advertising to other Expenditure
MEASUREMENT
determination of whether a campaign has been successful means setting objectives against which actual results can be measured By setting objectives the measures that will be used to determine evaluation are set