Class 6: IMC Planning Contents How does IMC planning work? 6 steps in IMC planning process Internal marketing and why is it important in the IMC plan? IMC IMC is like an orchestra... Why do we need a plan? 1 2 3 4 5 To provides a rational process for identifying the most important communication issues To informs everyone involved with marketing communication To helps ensure that MC is integrated and focused to issues To creates a benchmark for measuring results To helps identify budget and expected return Planning throughout organization Corporate level –Business plan - Focus on maximize profit and shareholder value (Key of organization’s objective) - Profit, brand equity, company’s share price (public comp Department level– individual any) department plan - Production/ operation, human resources, financia l, marketing and sales - Focus on sales and market shares - Related to strategies of launching new product, li ne extension and Function in department expanding market - MC planning - Focus on customer relationship (acquisition & retention), brand awareness, brand knowl edge, trial, repeat purchase and customer s atisfaction - Larger company set budget for each MC Planning throughout organization Functions within department: i.e. marketing dpt. (sales promotion, PR, ad, direct marketing Department level: i.e. marketing plan, financial plan, etc Corporate Level: Revising business plan Zero-based planning Zero-based planning: a process that determines marketing objectives and strategies which based on current brand and current market place conditions. starting from zero. Zero-base budgeting Zero-based budgeting an approach to plan and determines the strategy that reverse the traditional budgeting by mainl y focus on current situation of brand and market conditions. Zero-based planning Because…. competitors and distribution channel are constantly changed; as are consumers’ wants and needs IMC Plan: 6 Steps Step 1: Identify Target Audiences Step 2: Analyze SWOT Step 3: Determine Marketing Communication Objectives Step 4: Develop Strategies & Tactics Step 5: Set the budget Step 6: Evaluate effectiveness Step 1: Identify Target nerds Who are you selling to? What do they like? Where do they go? What do they do? 1 punk girls SEGMENTING key: grouping K-pop kiku girls suay suay pretty girls 2. TARGETING key: selecting 3. analyze demographics, psychographics, lifestyle, needs & wants Step 2: Analyze SWOT SWOT: The analysis of marketplace situation. structured evaluation of... internal strengths and weaknesses & external opportunities and threats Strengths Weaknesses brand’s innovativeness, convenience, brand image, positioning, financial strength, product, etc Opportunities Threats social, market, economic conditions that alter customers’ attitudes about a company and its products SWOT Analysis Example SWOT Analysis lead to problem recognition….. Problems - Low brand/ product awareness - Low brand preference How to solve…? -Increase brand/ product awareness - Enhance brand preference What you want to solve…… will become your Communication Objectives Step 3: Determine MC Objectives Based on your SWOT analysis, you can form objectives... things you’d like to achieve for the brand. Objective = goal (what marketers want to accomplish with MC S M Specific Measurable A R Attainable/ Achievable Relevant (Challenging) T Timely Communication objective VS Marketing Objective Communication Objective Focus on attitude of customer and pro spect Behavior Desired Request information Sample product Marketing Focus on Objective behaviors , what companies want cu stomers and prosp ects to “Do” Measurable (“Do”) Objectives Receive 10,000 requests a month for new product brochure Distribute samples to 35 % of target household Step 4: Develop Strategies & Tactics Strategy Tactic Strategy Development Determine which MC functions & which media you’re going to use Marketing mix + media mix How each MC Function & Medium will be used Form creative ideas &Message Mood, tone, manner Step 5: Budgeting How would you allocate the budget? Step 6: Evaluate Effectiveness Did you meet your objectives? Some ways to measure effectiveness... surveys market testing sales market share brand awareness brand recognition tests so many other tools! role of feedback Internal Marketing Internal Marketing internal marketing: an ongoing effort to involve employees in the planning process, communicate the plan to them and receive their support encourage everyone to suggest better way deal with consumer listen empower inform Ex: intranet/ extranet authorize employees to make decision to help consumer Final Note: In order to create a truly focused marketing campaign, everyone must be on the same page!