At first when I saw the course outline contains Applied marketing communication course, I felt good because it is the field I like the most in marketing, though I still need to learn more, to increase knowledge. The word ‘applied” made me happier, because I pictured ourselves applying marketing communication effectively. At first we studied only theories and it was only a part of course. But now we study it a course (independently) and we are applying it. I have to go through books and learn more about it, in doing so, I came across this interesting book (to me), shown above. The book has a lot of information as far as marketing is concerned, but it has this amazing part explaining about marketing communication. …show more content…
So I can use the two (marketing communication and promotion) interchangeably. The other three Ps are product, price, and place. It encompasses a variety of communication disciplines which are, advertising, personal selling sales promotion, public relations, direct marketing and online marketing including social media, in combination to provide clarity, consistency and maximum communicative impact. All the forms of promotion mix mentioned above each offers a different means to connect with the target audience. Their integration provides a company/ business with the best means to reach the target audience with the desired message and it enhances the value story by offering a clear and consistent message. Please don’t get confused, communication is a process, and in marketing is all about communication between a company and target customers, therefore it has components which together form a process. The components are; the sender, the transmitter, encoding, the channel, the receiver, and Feedback loop. Oh! Don’t worry; I am going to make you understand them …show more content…
Sometimes I intend my message to be received and perceived in a particular way but it turns out to be different from what I planned. Now, communicating to the customers is not enough and it doesn’t mean they will buy our products/services. We should understand how marketing communication work in a way that it will move them towards a series of steps through which they will take actions. My book has explained one of the models called AIDA model. The model suggests that, Awareness leads to Interest, which leads to Desire, which leads to Action. I should remember that; a customer makes judgments about whether to take the next step in the process. It means I should make my customer go through the whole process and buy my product/service. Customers usually, think, feel and do (it may not follow the order). If I fail to do so it means all the efforts I made to communicate are
There are four major elements that make up the marketing mix: product, price, place, and promotion. A product can be described as everything that makes up a good, service, or idea, including product design, features, colour, packaging, warranty and service levels (Kerin et al., 2015). A price refers to the amount of money that a product will sell for. The place consists of the channels where a product is distributed, as well as the merchandising used to sell the product. And finally, promotion includes all of the ways in which consumers are made aware of a product, such as advertising, public relations, sales promotion, direct response, event marketing and sponsorship, and personal selling (Kerin et al., 2015).
Arzanagh and Danaei, (2013) said that when customers are convinced to purchase the product or persuaded about the good quality and characters of the product, customer tends to act and purchase the product while on the other hand searching product does not really have an impact the consumer behavior (Arzanagh & Danaei, 2013). Arzanagh and Danaei, (2013) proposed that advertisement alters the behavior of the consumer when we advertise in such a manner that we fulfill all the requirements of AIDA model of advertising. Arzanagh and Danaei, (2013) also stated the correlation between all four different factors of AIDA that are attention, interest, desire, and action, And examined that attention and action were closely related while on second place comes the relation between attention and desire (Arzanagh & Danaei,
Communication is the process of transferring of information. Viswanathan (2010) says communication can take many forms of verbal and non-verbal methods which may include speaking, writing, gestures, expressions, listening and body language to name a few. All of these things should be taken into consideration to ensure an effective means of sending and receiving information. How and what information is sent may not be received in the same manner intended.
CHAPTER III Framework This chapter shows and discusses the theories, the theoretical paradigm, the conceptual framework and the operational definition that will be utilized in this research. The study will be assimilating the following theories: Elaboration likelihood model (Petty & Cacippo, 1986); hierarchy of advertising effects model (Thorson et al., 1992) and; music theory (synthesis). A. Theoretical Framework I. Elaboration Likelihood Model Elaboration likelihood model of persuasion or ELM is a dual process model developed by psychologists Richard Petty and John Cacioppo in the 1970s, defining how a medium or a person’s presentation of the message forms and changes the receiver’s attitude.
Credibility is subjective aspect attached to person, people, things, and product or to other object unlike age, height or weight measurable in terms quantitative terms. Credibility is likely scalable on which others give you a rating and in all actuality make a judgment about you over all. Credibility also entails the fact that individuals want to know if a person can be trusted whenever it comes to things that they put their word in. According to Cardon (2013), `establishing credibility through competence refers to the knowledge and skills needed to accomplish business tasks, approach business problems, and get a job done.
What is the definition of marketing and where does advertising fit within that definition? Marketing refers to the processes involved in communicating a product or service to customers or consumers. These communication processes can be used to sell, purchase, distribute or even promote a product or service to various markets. Simply put, marketing is the communication between an organisation and its customers.
2015 St. Andrews International School Business & Management Extended Essay [Which components of Arsenal Football Club’s promotional mix in China need to be developed in order to maximize merchandise sales?] ABSTRACT The finality of this research project is to suggest the best promotional mix strategy that Arsenal Football Club could use to maximize their merchandise sales. Throughout the essay this paper will aim to answer the question “Which components of Arsenal Football Club’s promotional mix in China need to be developed in order to maximize merchandise sales?”
It is vital to have clear, concise expectations and maintain order, if not it could cost
6.0 Marketing Strategies There are different marketing strategies which can be applied for each component depending on organizational objectives or goals. Skillshare need to accomplish the precise equilibrium of the marketing mix to achieve its goals. Figure 1: The 4 Ps of Marketing Mix Marketing mix is an arrangement of four choices which should be taken before propelling any new product or service on the market. These variables are otherwise called the 4 P's of marketing. These four variables help the firm in settling on vital choices essential for the smooth running of any product / organization.
M.W. Cummin describes the word communication “process of conveying message (fact, ideas, attitudes and opinions) from one person to another so that they are understood”. [1] Communication in business: For businesses to be successful it is very important that communication must be effective. Effective communication
6.1 Marketing Mix Marketing mix is a set of controllable marketing tactics used by business to promote their product and achieve its marketing objectives. (L. Lake, 15 June 2017) Marketing mix is also called the 4Ps which consist of Promotion, Place, Product and Price. (M. J. Baker, 2001, p.54) 6.1.1 Product
The buyer’s level of involvement and the level of involvement
First, from the beginning of the classes I was able to design and implement marketing/business strategies in particular areas only. After that, I am able to create long-term and mutually beneficial exchange relationships between an entity and the publics with it interact. Moreover, the strategic marketing analysis & planning process such as internal & external situation assessment, strategy formulation, positioning and marketing mix were taught during lessons in detail that integrated my marketing knowledge. And as a result I also became aware with a range of new issue of marketing management and the marketing tactics in particular that were resulted from the product and branding strategy. I found strategic marketing analysis and planning of this project more challenging than
Advertisement is a method of mass promotion that’s typically used by different firms to reach large groups of potential consumers to persuade and inform them about a particular brand of product or service through oral or visual message. This means that the aim of any advertising is to differentiate and deliver various information about the product and the company to the prospective and existing consumers, it is therefore vital to make the message of the advertising effective, clear, focused and singular to make it easy for the target customers to hold on to it and catch it; as this provides a basis for
Innovative Promotional Tools Marketers make use of a variety of promotion tools to communicate with customers and other stakeholders. Also known as Marketing Communication Mix, it consists of “a specific blend of advertising, public relations, personal selling, sales promotion, and direct-marketing tools that the company uses to persuasively communicate customer value and build customer relationships” (Armstrong & Kotler 2008). Figure: The Marketing Communications Mix: Advertising, Sales Promotion, Personal Selling, Public Relations, Direct Marketing Source: Armstrong & Kotler, 2008. The promotion tools of the Marketing Communication Mix are described below, together with the advantages and disadvantages of each component.