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Chap 007

Chap 007

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Published by Niharika Jaiswal

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Published by: Niharika Jaiswal on Mar 21, 2010
Copyright:Attribution Non-commercial

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10/23/2012

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Establishing Objectives and Budgetingfor the Promotional Program
7
 McGraw-Hill/Irwin© 2004 The McGraw-Hill Companies, Inc., All Rights Reserved.
 
 
Value of Objectives
Focus and CoordinationFocus and Coordination
They help to orient everyone involvedtoward one, common goal.
Plans and DecisionsPlans and Decisions
They serve as criteria for developingplans and making decisions.
Measurement and ControlMeasurement and Control
They provide the standards andbenchmarks for evaluating results.
 
 
Types of Objectives
Marketing Objectives
Statements of what is to be accomplished by theoverall marketing program within a given time period.
Need to be
quantifiablequantifiable
such as sales volume, marketshare, profits, or ROI.
Need to berealistic, measurablerealistic, measurable andattainableattainable
IMC Objectives
Statements of what various aspects of the IMC programwill accomplish based on communication tasks requiredto deliver appropriate messages to the target audience.

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