Marketing Communication - 3782 Words

UNIT 1 Objectives MARKETING COMMUNICATION PROCESS Marketing Communication Process After having gone through this unit, you will be able to: Explain the concept and role of marketing communication; Describe the marketing communication process; Discuss some sources of misunderstanding in communication process; and Comment upon the role of the various promotional elements in a marketing communication programme. Structure 1.1 1.2 1 .3 1.4 15 1.6 1.7 1.8 1.9 1.10 1.11 1:12 Introduction The Role of Marketing Communication Concept of Marketing Communication The Occurrence of Marketing Communication The Sources of Misunderstanding in Communication Elements of the Promotion Mix Conclusion Summary Key Words Project Question†¦show more content†¦Marketers bring out the product because it is the only way they can achieve firm s goals. The role of marketing communication then is to share the meaning of the firm s total product offering with its consumers in such a way as to help consumers attain their goals and at the same time move the firm closer to its own goals. Figure 1 illustrates this linkage. Figure 1: The Role of Marketing Communication Besides goals compatibility, marketing communication seeks to: Inform; Remind; and Persuade the actual and potential buyers for the marketer s offerings. Thus, most buyers do not object to the informational content of promotion because it serves to spread the word quickly about innovations. Imagine how much longer would it have taken buyers to become aware of the functional utility of pressure-cookers had it not been communicated by marketers. Similarly, most consumers would also welcome occasional reminders about products they are already familiar with. Thus, even if most buyers of `Milkmaid are familiar with its compatibility with creative food preparation, its buyers may 6 still like to receive a reminder and even new recipe suggestions from it. The persuasive element of communication has, however, been a subject of much controversy and some justified criticisms too. Many believe that marketers manipulate consumers though clever marketing communication, in making them buy thoseShow MoreRelatedMarketing Communication : Marketing Mix Essay760 Words   |  4 PagesMarketing communication refers to the means through which a business tries to inform and persuade the consumers about their products and services they offer. Different direct or indirect channels of communication are used for marketing. A mix of these different types channels of communication is known as Marketing Mix. (Kotler Keller, 2014) Below we will see how different marketing mix tools are used by Domino’s to sell their products to their targeted audience. †¢ Social Media Nowadays SocialRead MoreMarketing Communication Plan For Marketing Communications2623 Words   |  11 Pagesmarket: 3 1.4 – Objectives for next five years: 4 1.5 –Mission and Vision: 4 2 – Marketing communications: 4 2.1 – Platforms of communications: 4 2.1.1 – Social media: 5 2.1.2 – In-product communication: 5 2.1.3 – Email marketing: 5 2.1.4 – Branding: 5 2.2 – Entrepreneurial marketing: 6 2.3 – Internal and external communications: 6 2.4 – HB Agency’s approach to marketing communications: 6 2.4 – Suggested marketing communication plan: 7 3 – Conclusion: 8 References: 9 Appendices: 10 Appendices (A): 10 AppendicesRead MoreMarketing Communication Objective2641 Words   |  11 PagesMarketing communication objective Planning is everything when it comes to measuring your success. 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The major marketing communication objectives are creating brand awareness; defining a satisfying needs for the product and encourage action from targeted audience. Creating brand awareness is to notify the target audience about theRead MoreMarketing Communication3427 Words   |  14 Pagesspread their product. It is because the economy of Singapore is much prospered and grows 4.1% in 2013. Moreover, westernization of Singaporean will enhance value of Starbucks. After analyzing external and internal environment, company need to make marketing strategy to suite their target market. Starbucks clearly segment its clientele on demographic bases. They focus its offer on the age of its customers, often between 25 and 40, but also on income since these are quite high wages. As mentioned, StarbucksRead MoreMarketing Communication ( Imc )1234 Words   |  5 PagesIntergrade Marketing Communication (IMC) is defined as ‘’ a strategic business process which is used to plan, develop, execute, and evaluate coordinated, measurable, persuasive brand communication programs over time with consumers, customers, prospects, and other targeted, relevant external and internal audiences.† (Schultz Schultz (1998,p.18). More than three decades, IMC still remain as an issue without a standard terminology. While it has been argued that IMC can help a company on how to promoteRead MoreMarketing : Marketing And Business Communication3688 Words   |   15 Pages Literature Review Marketing and Business Communication Submitted by: Group â€Å"I† Mayra Geovanna Araujo (201500744) Parminder Kaur Ottal (201502018) Oscar Navarrete (201402939) Angie Vivian Montana Londono (201401564) Bhim Prasad Paudel (201402272) Submitted to: Dr. Grace Phanathiroj 1. Introduction Every organisation large and small, government, commercial, educational, charities and others need to communicate with a range of stakeholders. This is because they need to getRead MoreMarketing Communication And Brand Communication Essay1760 Words   |  8 PagesCity, similar to many other cities throughout the world have begun to resemble an arcade rather than an urban setting for living and working. The results of marketing communication and brand communication are what makes up this arcade-like setting in many parts of the modern day world. Marketers create advertisements by evaluating the marketing mix and stakeholder’s interest. People cannot get away from the multibillion dollar advertising world that has been created by persuaders. Immeasurable amounts