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Imc Plan of Bombay Dyeing: Integrated Marketing Communications
Imc Plan of Bombay Dyeing: Integrated Marketing Communications
IMC Components
Integration Tools - Internet Marketing; IMC for small business and entrepreneurial
ventures; evaluating and integrated marketing program.
Integrated marketing is based on a master marketing plan. This plan should coordinate
efforts in all components of the marketing mix. A marketing plan consists of the
following six steps:[6]
1. Situation analysis
2. Marketing objectives
3. Marketing budget
4. Marketing strategies
5. Marketing tactics
6. Evaluation of performance
Integrated marketing communications aims to ensure consistency of message and the
complementary use of media. The concept includes online and offline marketing
channels. Online marketing channels include any e-marketing campaigns or programs,
from search engine optimization (SEO), pay-per-click, affiliate, email, banner to latest
web related channels for webinar, blog, micro-blogging, RSS, podcast, Internet Radio,
and Internet TV. Offline marketing channels are traditional print (newspaper, magazine),
mail order, public relations, industry relations, billboard, traditional radio, and television.
A company develops its integrated marketing communication program using all the
elements of the marketing mix (product, price, place, and promotion). Integrated
marketing communications plans are vital to achieving success. The reasons for their
importance begin with the explosion of information technologies. Channel power has
shifted from manufacturers to retailers to consumers.
Using outside-in thinking, Integrated Marketing Communications is a data-driven
approach that focuses on identifying consumer insights and developing a strategy with
the right (online and offline combination) channels to forge a stronger brand-consumer
relationship. This involves knowing the right touch points to use to reach consumers and
understanding how and where they consume different types of media. Regression
analysis and customer lifetime value are key data elements in this approach.
Importance of IMC
1. From media advertising to multiple forms of communication.
2. From mass media to more specialized (niche) media, which are centered on
specific target audiences.
3. From a manufacturer-dominated market to a retailer-dominated, consumercontrolled market.
4. From general-focus advertising and marketing to data-based marketing.
5. From low agency accountability to greater agency accountability, particularly in
advertising.
6. From traditional compensation to performance-based compensation (increased
sales or benefits to the company).
7. From limited Internet access to 24/7 Internet availability and access to goods and
services.
Visual Merchandising (VM) is the art of presentation, which puts the merchandise in
focus. It educates the customers, creates desire and finally augments the selling process.
This is an area where the Indian textile and clothing industry, particularly, the SMEs lack
adequate knowledge and expertise.
combining the creative, technical and operational aspects of a product and the
business.
drawing the attention of the customer to enable him to take purchase decision
within shortest possible time, and thus augmenting the selling process.
rather than creating a display with expensive raw materials is the key to successful
window display. A shoe store theme can be a group of elves buying shoes. A theme for
display of casual wears can be a group of mannequins sitting casually at a get together in
different poses. Related themes will tug the heartstring of the customers and will pay off.
Display should complement the retailers other strategies:
The content of the display should complement the in store environment and other
marketing strategies of the retailer. If the retailer has a specific logo, the colors of the
display can reflect the same color of the logo. For e.g. MacDonalds display, the clown is
of the same color, red and yellow as in their logo.