Advertising & Promotion Research Bellwork/Opening 8/31 • Pretend you work for Under Armor. You have been working the last week with them and their STP strategy. Write three sentences appropriately using terminology learned from last week. • You may use your notes or what’s on the board to jog your memory. • Be prepared to share. Bellwork/Opening 9/1 1. What do you know about parking meters? 2. What do you know about the Walt Disney Company? • The "New Coke" Debacle • What did Coca-Cola executives fail to do? • The reason Coke changed it’s original formula to New Coke was because after thousands of blind taste tests, consumers almost always preferred Pepsi • They confused the taste tests cultural reality • Coke possessed cultural meaning way beyond simple taste • Never EVER confuse a brand with a product • The blind taste tests were about a product • The market reaction of real consumers was about a brand; a brand that had ENORMOUS cultural meaning • Successful Rebranding Examples due to Research! Advertising & Promotion (Ad/Pro) Research • Any research that helps in the development, execution, or evaluation of ad/pro. • To be considered “Good Research” it must move one closer to producing EFFECTIVE (there’s that word again…..) advertising. Ad/Pro Research • Research comes into the advertising process at several points: • Used to assist in determining which segment of the market to target. • To understand the audience members to whom the ads will speak and which “buttons to push” • To make go/no-go decisions • Evaluating the performance of an ad/pro. BEFORE WE BEGIN • Research must be: • • • • Reliable Valid Trustworthy Meaningful Purposes of Developmental Ad/Pro Research • Idea Generation: An ad agency is often called on to invent new yet meaningful ways of presenting a brand to a target audience. (common in repositioning…..) • Let’s try it… Let’s have a business meeting. PRETEND • You work for C-Money Advertising. • IPS Group, a parking meter company, has asked us to take a look at their current product and brand image. • Walt Disney Company, a multinational mass media entertainment company, has asked us to look at their current programming and/or amusement parks brand image. PRETEND • Roles for Idea Generation: • Artists (3 or more)- Responsible for drawing and rough sketches of product ideas • Scribes (3 or more)- Responsible for writing ideas down that the group designs. • Statistics (3 or more)- Responsible for quick fact searches for the group. • Task Keepers (3 or more)- Responsible for listing future to-do tasks for group. PRETEND • The Essential Questions: • Is there a market segment that is being underserved? • What ideas do we have about the product to continue to satisfy our customers and/or to reach an unaddressed segment? • The Ultimate Question: Where does an advertiser get ideas for new and meaningful ways to portray a brand? PRETEND • What things should we consider? (As we discuss, write notes about these things) • • • • • Current target market? (the pie) Specialty types of segments? (the slices) General consumers vs. Industrial consumers? Revenue? Technology? PRETEND • Now that we have discussed and generated new ideas…. Let’s revisit: • The Ultimate Question: Where does an advertiser get ideas for new and meaningful ways to portray a brand? • What research can we do to provide enough evidence to support our suggestions? Purposes of Developmental Ad/Pro Research • Concept Testing- seeks feedback designed to screen the quality of new ideas or concepts. • What are some questions we would ask the target market (pie) as a whole or particular market segment (slice)? Closing • What things were we analyzing today during our meeting? • What things about the set up of our meeting were helpful? • We will be having more business meetings, what could we have done differently or should we work on? • What market terminology was used today?