Mata kuliah Tahun : 00274 - INTEGRATED MARKETING COMMUNICATION : 2009/2010 Marketing Communications Strategy Pertemuan 17 & 18 Learning Objectives Understand where marketing communications strategy fits in List the key components of communications strategy Understand the diversity of approaches Start to build your own communications strategy Understand how SOSTAC and strategy fit together Bina Nusantara University 3 The Benefits of a Marketing Communications Strategy It enables each tactical activity to build on the others creating strength of communications through continuity and consistency It helps to create clearer, sharper selling messages appropriately directed to target customers at various stages in their buying process Tactical planning of each communications tool is made that much easier and quicker when clear strategic direction is agreed. Bina Nusantara University 4 The Benefits of a Marketing Communications Strategy It facilitate integrated marketing communications which saves time, money and stress as well as providing IMC’s other associated benefits of consistency and clarity It can facilitate the development of joint promotions and strategic alliances Bina Nusantara University 5 The Benefits of a Marketing Communications Strategy It can encourage the development of hybrid marketing system. The addition and integration of new communication tools/channels (eg. telemarketing) to existing communications tools/channels (eg advertising or marketing) to existing communications tools/channels (eg. advertising or the sales force) can create such a hybrid marketing system Bina Nusantara University 6 The Benefits of a Marketing Communications Strategy As well as driving the external communications, a good communications startegy (when communicated internally) creates a bond within a company so that everyone knows what everyone else is trying to achieve Bina Nusantara University 7 The components of a Marketing Communications Strategy Key components of a marketing communications strategy Positioning; should restate and consolidate the positioning Benefits; should reinforce the benefits wanted by customers (and unfulfilled by competition) Strengths; draws on the sustainable competitive advantage Competition; has a competitive dimension Bina Nusantara University 8 The components of a Marketing Communications Strategy Customers; segments and targets the market plus considers all the stages in the buying process from generating awareness and enquires through to maintaining repeat sales. Can also cater for different types of customers from heavy to light users, loyal to non loyal /promiscuous Bina Nusantara University 9 The components of a Marketing Communications Strategy Direction; gives clear direction (in term of positioning, strengths, etc) Tools; defines the range of communications tools eg above or below the line Integration; ensures the communications tools are integrated Bina Nusantara University 10 The components of a Marketing Communications Strategy Sequence of tools; does the advertising need to build brand awareness before converting to sales with direct mail? Does the PR break before the sales launch? Timescale; is longer term than tactics and operational activities Bina Nusantara University 11 The components of a Marketing Communications Strategy Resources: indicates the emphasis and size of spend on certain tools (whether the communications are going to be advertising led or salesforce driven, etc). Objectives; can make reference to the overall objectives of the strategy. Marketing strategy; should be consistent with and draw from the overall marketing strategy. Bina Nusantara University 12 STOP & SIT STOP : Segmentation Targeting Objectives Positioning SIT : Bina Nusantara University Sequence (of tools) Integration (of tools) Tools (the communications tools to be used) 13 The five musts for communicators: Always define precisely your audience Avoid the predictable Keep the message simple Use power tools (images that last) Say what only you can say Bina Nusantara University 14 Communications Strategy Does the strategy Does it specify: 1 Segmentation? What market? 2 Targeting? Markets, stakeholders and 3 Objectives? Will the strategy fulfill the communication objectives? Are clear? 4 Positioning? Reinforce the desired Bina Nusantara University Yes/No 15 Communications Strategy 5 Exploiting sustainable competitive advantage? Cost leader? Differentiate? Focus/niche? Does the strategy play to our strengths? Does it address competitive benefits (benefits but competition does not supply)? 6 Type of and the process? Multi-stage strategy (enquiry; sale; repeat sales sale)? 7 Timescale What time scales and/or phases are involved? 8 Sequence timing of Does the strategy guide the sequence of Bina Nusantara University 16 Communications Strategy 9 Range of Does the strategy incorporate and communications of tools? 10 Scale? Global, national or local? 11 Resources? Can we afford it? Is it the best way to spend a 12 Lifetime Does it encourage repeat loyalty? Bina Nusantara University 17 Communications Strategy 13 Brand Does the strategy enhance the 14 Strategic options? Were other strategies considered? Does the chosen strategy fulfil the objectives better than other? 15 Homework done? Has each option been carefully 16 Fit with the overall marketing Check the marketing strategy Bina Nusantara University 18