1 Integrated Marketing Communications 1 MRK 317 Fall 2003 IMC Assignment Value – 25% of Student’s Total Grade The objectives of this assignment are to: a. Develop the different parts of an IMC Plan by stating and applying objectives, strategies and tactics for each component of the IMC Plan. b. Prepare a 15-minute verbal IMC Plan Presentation incorporating instructor’s feedback and your own creative style. (Presentations will be presented in class during the last two weeks of the semester). Assignment Overview: 1. You will work on this assignment in pairs. 2. Due Dates: All reports are due on the first class of the week indicated below. Product briefing and Group details: Week of September 22, 2003 Report 1: Background and Situation Analysis – Week of October 6, 2003 Report 2: IMC Plan – Week of November 24, 2003 Presentation: Week of November 24, 2003 3. Acting as an Integrated Marketing Communications Agency hired by a client, you are responsible for developing a complete IMC Plan to address their needs.. You will be choosing your own “client” or brand to work on. The brand that you choose is subject to approval as detailed below. Assignment Details: I strongly suggest that each team purchase a folder that will be used to submit the IMC Plan. I further recommend that all the parts of the assignment be submitted together on each of the due dates. Working on any plan is a “work in progress” which is constantly evolving. Therefore, revisions to your IMC Plan are to be expected. Each student is expected to hand in his or her assignment at the beginning of class on the agreed upon due dates. (Please note that page lengths indicated here are approximations only) Integrated Marketing Communications MRK317 IMC Plan – Fall 2003 Professors: Marianne Marando & Angela Zigras 2 Product briefing and Team details -1 page Due Week of September 22, 2003 1. Include the names of your team members (2 people per team). 2. Also assign team member responsibilities. Set meeting dates, and record the minutes of your meetings. All team members must be in the same section of the course, as presentations will take place during class time. 3. Each team is to choose a product or brand that faces a challenge or an opportunity. You will be developing an IMC plan to address that challenge or opportunity. Examples of opportunities facing a client could be new product launches or brand repositioning. Examples of problems facing a client could be brands facing increased competition or declining market share. Use Marketing Magazine and other media sources to come up with a brand that could use your help. 4. Summarize the brand that you would like to work on, and the problem or opportunity facing that brand. Include copies of any articles that you used to choose that brand. 5. The choice of product/brand is subject to approval by the Professor. Integrated Marketing Communications MRK317 IMC Plan – Fall 2003 Professors: Marianne Marando & Angela Zigras 3 MRK 317 Report 1 – Background and Situation Analysis – 4-5 pages 60 possible marks , totaling 10% of your final Grade. 1. Analyse the marketing situation for the brand you have chosen. Use Figure 1-5 (page 23) of your text as a guideline for conducting a situation analysis. Important areas to look at include: (30 total marks) External factors – consumer behaviour analysis, economic trends, social trends, cultural trends, technology trends. Market Analysis – market size and growth, market segment analysis, consumer analysis. Product analysis – sales volume, market share, marketing communications activity, current position in market. Competitive analysis SWOT analysis – after compiling all of the information above, summarize it by conducting a SWOT analysis. 2. Based on your situation analysis: (30 total marks) Describe the segmentation strategy that you plan to use. What segments will be targeted and why? How will you position your product – Name the type of positioning and how develop a positioning statement. Provide a rationale. Report 2 – IMC Plan 100 possible marks, totaling 10% of your final Grade. Every plan, including an IMC plan has three elements – Objectives, strategies and tactics. 1. Communication Objectives (Chapter 5) – specify the objectives for your IMC plan. Include: (10 marks) 1. Target audience 2. Behavioural objectives 3. Communications objectives 2. Proposed budget allocation and rationale. (10 marks) 3. Communication Strategy (Chapter 6) – includes: (15 marks) 1. Campaign theme – main message, “big idea” 2. Key consumer benefit 3. Support claims statement 4. Appeal 5. Source characteristics Integrated Marketing Communications MRK317 IMC Plan – Fall 2003 Professors: Marianne Marando & Angela Zigras 4 4. Communication Tactics (Chapter 7) – how will the communication be executed (25 marks) 1. Execution style 2. Media Plan (Chapter 8) – including media objectives, media strategy, specific media choices 3. Media Blocking Chart 5. Specific IMC Programs – your IMC plan should include programs encompassing at least three of the IMC elements discussed (Advertising, Direct marketing, Interactive/Internet marketing, Sales Promotion, PR/Publicity, and Sponsorship and Event Marketing). For each of the three programs include: (20 marks) 1. Objectives 2. Strategy 3. Specific execution tactics, including timing 4. Budget breakdown 6. Evaluation measurement – how are you going to measure the impact of your plan and evaluate success? (10 marks) Presentation 50 marks totaling 5% of your final Grade. The presentation is your opportunity to “sell” your ideas to your client. Marketing Communications is all about creativity and here is where you get to show off yours! The quality of your presentation will impact your mark for your IMC plan, above. Your presentation should be 15 minutes in length and will be followed by a 5-minute question period. All team members must present. Create mock-ups of all the communication programs recommended by your team – these may include videos or storyboards of a TV commercial, tapes of a radio commercial, an example of a website or email campaign, sketches of print ads etc. Do not attempt to present your entire IMC plan in the 15 minute time period. Present a quick overview of the background and situation and an overview of the objectives for your plan. Spend the bulk of your time detailing your communication strategy and program execution. Notes: Your work MUST be word-processed, in business report style, with cover page, table of contents, headings, subheadings, etc. Font size should be between 10.5 and 12.0 for the body of your report. Your work will be evaluated for originality, creativity, content, organization, presentation, spelling and grammar. It goes without saying that copying directly from the textbook will result in NO MARKS for any area in which this practice occurs. Integrated Marketing Communications MRK317 IMC Plan – Fall 2003 Professors: Marianne Marando & Angela Zigras