Marketing Mix
An integrated marketing communications, or IMC approach, involves "coordinating the various promotional elements and other marketing activities that communicate with a firm's customers" (Belch & Belch 1999, p. 8). The most significant point is that all communication and promotional activities should be integrated so that a clear and consistent message is communicated to customers. This involves clearly defining the message, considering the various ways that it will be communicated, and considering the promotional activities that will help to communicate the message.
Before the communication and promotional strategies can be considered, it is first necessary to define the actual message. The first consideration is that the business environment is rapidly changing and is increasingly competitive. With this in mind, organizations need to ensure the best use of every dollar spent, including money spent on promotional efforts. For these promotional dollars to achieve the most value, they need to be aimed at long-term success, rather than short-term sales. A related consideration is that rapid change means that even the latest products and benefits can quickly become dated. Therefore, if a company selects this strategy and focuses on promoting specific benefits of a certain product, this benefits highlighted may only be significant to consumers for a short time. The company will then constantly be trying to find new ways to benefit the consumer, with this an ongoing exercise that will be costly both in terms of the money spent advertising, as well as time and resources utilized in constant research. The alternative to this approach is to focus on communicating a message that represents the organization overall and will expand to cover more than one product and will be expansive enough to cover products as they evolve. This strategy will be one of branding, where the company name will be promoted as a brand that represents general qualities important to consumers. King (1991, p. 4) describes the effectiveness of this strategy where he notes that it is becoming especially difficult for organizations to gain a real and sustainable advantage over competitors, with the best way to gain a long-term advantage being to position the company as a positive brand in the minds of consumers. For these reasons, the IMC approach will be designed to provide a consistent message about the company, rather than a message about a specific product.
The specific message that will be communicated to consumers is that the company understands consumers and is there specifically for the consumer. This message has been selected based on the observation that consumers are becoming increasingly demanding. This message has also been selected based on the observation that consumers have more and more options in the marketplace and so can often afford to be selective and only purchase products that meet their specific needs. This makes it necessary for the company to focus on customer needs when developing products. The strategy communicating loyalty to the customer will help to ensure that the efforts have ongoing positive results by creating a strong link between the company and the consumer. This is intended to create a high level of customer equity. One source states that "marketing strategy should focus on extending loyal customer lifetime value," with brand management serving as a major marketing tool" (Kotler, Armstrong, Brown, & Adam, p. 359). This is the approach that will be taken, with the message intended to build the brand name and produce loyal customers. As customers remain loyal, the company will be able to understand their needs even better and continue to adapt products to meet their needs. This will create an effective long-term strategy and provide an ongoing competitive advantage that competitors will find difficult to duplicate.
The next consideration is how the message will be communicated. One of the most important points in this case is that the message will be communicated by what is done as much as by what is said. For example, there is little point advertising that the organization cares about its...
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