Podcast
Questions and Answers
What is the primary goal of employing techniques and strategies for breaking through the clutter?
What is the primary goal of employing techniques and strategies for breaking through the clutter?
What is the main characteristic of 'Advertainment'?
What is the main characteristic of 'Advertainment'?
What is the goal of 'Brand Integrations'?
What is the goal of 'Brand Integrations'?
What is the defining feature of 'Native Advertising'?
What is the defining feature of 'Native Advertising'?
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Which of the following is NOT a component of crafting a strategic message?
Which of the following is NOT a component of crafting a strategic message?
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What three characteristics should 'Impactful Appeals' possess?
What three characteristics should 'Impactful Appeals' possess?
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What is the primary focus of the 'Slice of life' message execution style?
What is the primary focus of the 'Slice of life' message execution style?
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Which of the following techniques is NOT discussed as a strategy for breaking through the clutter?
Which of the following techniques is NOT discussed as a strategy for breaking through the clutter?
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What is the primary focus of the new marketing communications model?
What is the primary focus of the new marketing communications model?
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What does Integrated Marketing Communications (IMC) aim to achieve?
What does Integrated Marketing Communications (IMC) aim to achieve?
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Which of the following is NOT a characteristic of advertising?
Which of the following is NOT a characteristic of advertising?
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What strategy have marketers adopted due to digital advancements?
What strategy have marketers adopted due to digital advancements?
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How does the new marketing communications model suggest brands should interact with consumers?
How does the new marketing communications model suggest brands should interact with consumers?
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What is one key aspect that distinguishes advertising from earned or owned media?
What is one key aspect that distinguishes advertising from earned or owned media?
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What role do marketers take on in the new marketing communication landscape?
What role do marketers take on in the new marketing communication landscape?
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What does the seamless integration in IMC aim to enhance?
What does the seamless integration in IMC aim to enhance?
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What is a primary goal of Public Relations (PR)?
What is a primary goal of Public Relations (PR)?
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Which of the following is NOT a function of Public Relations?
Which of the following is NOT a function of Public Relations?
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Which activity involves influencing legislation and regulation?
Which activity involves influencing legislation and regulation?
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How does Public Relations differ from advertising?
How does Public Relations differ from advertising?
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What is one way Public Relations can handle crisis situations?
What is one way Public Relations can handle crisis situations?
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Maintaining good relationships with which of the following is part of Public Relations?
Maintaining good relationships with which of the following is part of Public Relations?
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Which of the following best defines the role of a press agency in Public Relations?
Which of the following best defines the role of a press agency in Public Relations?
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Which advertising strategy focuses on creating a dreamlike scenario to promote a product?
Which advertising strategy focuses on creating a dreamlike scenario to promote a product?
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What distinguishes a successful PR campaign during the holiday season?
What distinguishes a successful PR campaign during the holiday season?
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What does the personality symbol strategy utilize to embody the brand's identity?
What does the personality symbol strategy utilize to embody the brand's identity?
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Which approach validates the effectiveness of a product using data and research findings?
Which approach validates the effectiveness of a product using data and research findings?
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In advertising, which method is used to create a specific feeling or atmosphere around a product?
In advertising, which method is used to create a specific feeling or atmosphere around a product?
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Which advertising method incorporates songs or jingles to enhance engagement?
Which advertising method incorporates songs or jingles to enhance engagement?
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What is the first step in advertising media selection?
What is the first step in advertising media selection?
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What is the primary purpose of the Promotion Mix?
What is the primary purpose of the Promotion Mix?
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What type of evidence features real users or celebrities endorsing a product?
What type of evidence features real users or celebrities endorsing a product?
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Which of the following is NOT a tool included in the Promotion Mix?
Which of the following is NOT a tool included in the Promotion Mix?
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What does advertising primarily involve?
What does advertising primarily involve?
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Which advertising approach appeals to a consumer's identified way of life?
Which advertising approach appeals to a consumer's identified way of life?
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What is the role of Public Relations (PR) in the Promotion Mix?
What is the role of Public Relations (PR) in the Promotion Mix?
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Which of the following is a form of Sales Promotion?
Which of the following is a form of Sales Promotion?
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Which option represents a feature of Personal Selling?
Which option represents a feature of Personal Selling?
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What is a primary benefit of integrated marketing communications?
What is a primary benefit of integrated marketing communications?
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What is one common goal of using the Promotion Mix?
What is one common goal of using the Promotion Mix?
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Which advertising campaign planning decisions are classified by 3 main purposes? (Select all that apply.)
Which advertising campaign planning decisions are classified by 3 main purposes? (Select all that apply.)
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Which advertising budget method involves matching competitor spending?
Which advertising budget method involves matching competitor spending?
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Which advertising format is NOT mentioned as a way advertising can take shape?
Which advertising format is NOT mentioned as a way advertising can take shape?
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Which of these statements is true about advertising budgets and products?
Which of these statements is true about advertising budgets and products?
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What is the main purpose of advertising?
What is the main purpose of advertising?
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Flashcards
Advertainment
Advertainment
Advertisements that are entertaining or useful to the audience.
Brand Integrations
Brand Integrations
Incorporating a brand seamlessly into entertainment or content.
Native Advertising
Native Advertising
Ads that mimic the look and feel of regular content around them.
Creative Message
Creative Message
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Customer Benefits
Customer Benefits
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Message Execution Styles
Message Execution Styles
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Slice of Life
Slice of Life
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Impactful Appeals
Impactful Appeals
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Creative Content in Advertising
Creative Content in Advertising
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Advertising Formats
Advertising Formats
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Advertising Objectives
Advertising Objectives
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Affordable Method
Affordable Method
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Percentage-of-Sales Method
Percentage-of-Sales Method
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Competitive-Parity Method
Competitive-Parity Method
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Objective-and-Task Method
Objective-and-Task Method
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Factors Affecting Advertising Budget
Factors Affecting Advertising Budget
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Promotion Mix
Promotion Mix
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Advertising
Advertising
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Public Relations (PR)
Public Relations (PR)
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Sales Promotion
Sales Promotion
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Personal Selling
Personal Selling
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Major Promotion Tools
Major Promotion Tools
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Integrated Marketing Communications
Integrated Marketing Communications
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Changing Communications Landscape
Changing Communications Landscape
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New Marketing Communications Model
New Marketing Communications Model
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Better Informed Consumers
Better Informed Consumers
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Digital-First Approach
Digital-First Approach
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Integrated Marketing Communications (IMC)
Integrated Marketing Communications (IMC)
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Content Marketing Manager
Content Marketing Manager
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Paid Media
Paid Media
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Wide Reach in Advertising
Wide Reach in Advertising
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Press relations
Press relations
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Product and brand publicity
Product and brand publicity
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Public affairs
Public affairs
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Lobbying
Lobbying
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Investor relations
Investor relations
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Crisis situations
Crisis situations
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Reputation management
Reputation management
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Lifestyle Advertising
Lifestyle Advertising
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Fantasy Advertising
Fantasy Advertising
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Mood or Image
Mood or Image
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Musical Advertising
Musical Advertising
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Personality Symbol
Personality Symbol
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Technical Expertise
Technical Expertise
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Scientific Evidence
Scientific Evidence
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Testimonial Evidence
Testimonial Evidence
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Study Notes
BM4513 Marketing - Lecture 5: Promotion
- The lecture focuses on engaging consumers using the promotion mix, specifically advertising and PR.
- Learning outcomes include defining the four promotion mix tools, discussing the changing communication landscape, defining the role of advertising, and defining the role of public relations (PR).
- The promotion mix (also called the marketing communications mix) is a blend of promotion tools to communicate customer value and build relationships.
- The four promotion mix tools are:
- Advertising: Any paid form of non-personal presentation and promotion of goods, services, or ideas by an identified sponsor. Includes digital, broadcast, print, outdoor, and other forms.
- Public Relations (PR): Activities designed to engage various publics and build positive relationships. Includes news updates, stories, sponsorships, events, webpages.
- Sales Promotion: Short-term incentives to encourage purchase or sales. Includes discounts, coupons, displays, demonstrations, and events.
- Personal Selling: Personal customer interactions by the firm's sales force for making sales and building customer relationships. Includes sales presentations, trade shows, and incentive programs.
The New Marketing Communications Model
- Marketers are shifting from mass marketing to focused marketing due to increased digital technology and fragmented markets.
- Consumers are better informed and communicate brand-related info online.
- Advances in digital technology allow for more engaging, personalized marketing, targeting smaller communities.
- A mix of traditional mass and digital media channels is utilized for effective engagement.
- The new model emphasizes the importance of paid, owned, earned, and shared channels.
Advertising
- Advertising is a paid form of non-personal presentation for products or services by a sponsor.
- Includes various media (paid media): digital, broadcast, print, outdoor.
- Designed for broad reach and creative content to capture attention and create a memorable impression.
- Advertising employs different formats (banners, pop-ups, websites, prints, videos).
Advertising Campaign Planning Decisions
- Objectives set communication and sales objectives.
- Budget decisions are made using affordable approach, percentage-of-sales method, competitive parity, objective and task methods.
- Media decisions include impact/engagement strategies, major media types, specific media vehicles, and timing.
- Advertising evaluation measures communication impact, sales/profit impact, and return on advertising.
Setting Advertising Objectives
- Advertising objectives are categorized into three main purposes: informing, persuading, and reminding.
Setting the Advertising Budget
- Methods used to set the budget include the affordable method, percentage-of-sales method, competitive-parity method, and objective-and-task method.
Factors Affecting Advertising Budget
- Brand new products or services will usually need a larger budget
- Markets with many competitors and high advertising clutter will require more advertising.
- Undifferentiated products may need heavier advertising to stand out, while differentiated products can highlight differences.
- During economic downturns, advertising budgets are often among the first to be reduced.
Message & Media Decisions
- Advertainment: Advertising and entertainment blended together, entertaining and useful.
- Brand integrations: Brands are interwoven into entertainment or content.
- Native advertising: Content created to look and feel like other content
Major PR Tools
- News
- Public service activities (e.g. charity drives, CSR programs)
- Special events
- Written materials (brochures, catalogs, press releases)
- Corporate identity materials (logos, mascots)
- Digital platforms (YouTube, Facebook, Instagram)
Public Relations
- PR activities aim to build relationships and favorable public image through various functions.
- PR activities include press relations, product/brand publicity, public affairs, lobbying, investor relations, and development.
- Effective PR relies on building good relations with stakeholders.
- Using PR to manage reputation
- PR Tools to achieve goals
Message and Content Strategy
- Key steps in advertising media selection include determining reach, frequency, impact and engagement, choosing among major media types, selecting specific media vehicles, and deciding on media timing.
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Description
This lecture explores the promotion mix and its tools, focusing on advertising and public relations. Students will learn to define the four promotion mix components and understand their roles in engaging consumers. The session emphasizes the importance of communication in marketing strategies.