What are Advertising and Integrated Brand Promotions? Three criteria must be met for a communication to be classified as advertising: • The communication must be paid for • The communication must be delivered through mass media • The communication must be attempting to persuade 1 4 ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. What are Advertising and Integrated Brand Promotions? Integrated Brand Promotion (IBP) is the process of using a wide range of promotional tools working together to create widespread brand exposure. •IBP is a process •IBP uses a wide ranges of tools including: 1 5 ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Distinctions within Advertising • Advertising Campaign An integrated series of ads and promotions that communicate a central theme or idea Altoids® is a registered trademark of Callard & Bowser • Advertisements 1 3 3 Specific messages designed to persuade an audience ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Advertising as a Communication Process—A Model Production: • The advertiser and social context determine ad content. Reception: • The context of ad reception and the audience’s understanding of an ad result in a meaningful interpretation of the ad. 1 7 Accommodation and negotiation: • The ways in which consumers interpret ads—individual by individual. ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Audiences for Advertising: Audience Categories • • • • • 1 8 Household Consumers Business Organizations The Trade Channel Professionals Government ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Audiences for Advertising: Geography • Global advertising – One ad fits all—when and why? • • • • 1 9 International advertising National advertising Regional advertising Local advertising ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Advertising as a Business Process 1. The role of advertising in the marketing mix 2. Advertising in brand management 3. Advertising in market segmentation, differentiation, and positioning 4. Advertising in revenue and profit generation 1 11 ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. The Role of Advertising in the Marketing Mix The Marketing Mix Product Distribution Perceived Brand Value Promotion 1 12 Price ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. The Role of Advertising in Brand Management • Information and persuasion • Introduce new brands and brand extensions • Building and maintaining brand loyalty/brand equity • Creating an image/meaning • Building brand loyalty in the trade channel • Facilitate brand management 1 13 ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Segmentation (wants/needs demographic/psychographic) Differentiation (perceived as different or unique) 1 14 Positioning Advertising’s Role in Segmentation, Differentiation, and Positioning •Distinct from other brands •Occupies a “valued” place in consumer’s mind •External niche vs. internal positioning ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Advertising’s Role in Contributing to Revenue and Profit Generation • Brand loyalty leads to inelasticity of demand: demand is less sensitive to price changes • Economies of scale: higher volume results in lower unit cost = higher profit 1 15 • Both revenue and profit are enhanced ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part. Types of Advertising • Primary demand stimulation – Entire product category • Selective demand stimulation – Brands within a product category • Direct response advertising – Encourages immediate action by consumer • Delayed response advertising – Brand image development • Corporate advertising – Promote the firm, not the brands 1 16 ©2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.