This document discusses integrating marketing communications to build brand equity. It explains that marketing communications can create brand awareness, link positive associations to the brand, and foster strong consumer connections. The document also outlines challenges in designing brand-building communications and evaluating current versus desired brand knowledge. It then describes the information processing model of communications and considerations for an effective advertising campaign. Finally, it discusses four major marketing communication options and how publicity, public relations, and word-of-mouth can amplify other marketing activities.
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Original Title
Session 9 - Integrating Marketing Communications to Build Brand Equity
This document discusses integrating marketing communications to build brand equity. It explains that marketing communications can create brand awareness, link positive associations to the brand, and foster strong consumer connections. The document also outlines challenges in designing brand-building communications and evaluating current versus desired brand knowledge. It then describes the information processing model of communications and considerations for an effective advertising campaign. Finally, it discusses four major marketing communication options and how publicity, public relations, and word-of-mouth can amplify other marketing activities.
This document discusses integrating marketing communications to build brand equity. It explains that marketing communications can create brand awareness, link positive associations to the brand, and foster strong consumer connections. The document also outlines challenges in designing brand-building communications and evaluating current versus desired brand knowledge. It then describes the information processing model of communications and considerations for an effective advertising campaign. Finally, it discusses four major marketing communication options and how publicity, public relations, and word-of-mouth can amplify other marketing activities.
Communications to Build Brand Equity Marketing Communications
Meansby which firms attempt to inform, persuade, and remind
consumers about the brands they sell Can contribute to brand equity by: Creating awareness of the brand Linkingpoints-of-parity and points-of-difference associations to the brand in consumers’ memory Eliciting positive brand judgments or feelings Facilitating a stronger consumer-brand connection and brand resonance The New Media Environment
Challenges in Designing Brand-Building Communications:
What is your current brand knowledge? Have you created a detailed mental map? What is your desired brand knowledge? Haveyou defined optimal points-of-parity and points-of-difference and a brand mantra? How does the communication option help the brand get from current to desired knowledge with consumers? Have you clarified the specific effects on knowledge engendered by communications? Challenges in Designing Brand-Building Communications
According to Information Processing Model of Communications
For a person to be persuaded by any form of communication the following steps must occur: 1. Exposure - A person must see or hear the communication 2. Attention - A person must notice the communication 3. Comprehension - A person must understand the intended message 4. Yielding - A person must respond favorably to the intended message 5. Intentions - A person must plan to act in the desired manner 6. Behavior – A person must actually act in the desired manner Challenges in Designing Brand-Building Communications (Cont….) From an advertising standpoint, the ideal ad campaign would ensure that: The right consumer is exposed to the right message at the right place and at the right time The creative strategy causes consumers to notice and attend to the ad The ad properly reflects the consumer’s level of understanding The ad correctly positions the brand in terms of desirable and deliverable points-of- difference and points-of-parity The ad motivates consumers to consider purchase of the brand The ad creates strong brand associations to all these stored communication effects so they have an effect when consumers are considering making a purchase
Role of Multiple Communications:
Optimal utilization of monetary and other resources Different communication options also may target different market segment Four Major Marketing Communication Options
Fourvital ingredients to the best brand-building communication
programs are: Advertising and Promotion Interactive Marketing Events and Experiences Mobile Marketing (Ch-7) Advertising and Promotion Advertising is any paid form of nonpersonal presentation and promotion of ideas, goods, or services by an identified sponsor. Various advertising mediums are: Television, Radio, Print, Direct Response, Place Promotions are short-term incentives to encourage trial or usage of a product or service. Two types of promotions are: Trade Promotions: Change the behavior of the trade so that they carry the brand and actively support it Consumer Promotions: Change the behavior of consumers so that they buy the brand Other Marketing Communication Options Interactive Marketing and Online Marketing Communication Twenty-first century created a rush of companies moving into the world of interactive, online marketing communications Primary advantage of marketing on the Web Low cost Level of detail Degree of customization
Events and Experiences
Focus on engaging the consumers’ senses and imagination as a part of brand building Event marketing: Public sponsorship of events or activities related to sports, art, entertainment, or social causes Brand Amplifiers
Complementing the four broad sets of marketing communication activities are
efforts made to engage consumers and the public via word-of-mouth and public relations and publicity. They amplify the effects created by other marketing activities. Publicityis nonpersonal communications such as press releases, media interviews, press conferences, feature articles, newsletters, photographs, films, and tapes. Public relations may also include annual reports, fund-raising and membership drives, lobbying, special event management, and public affairs. Word-of-mouth is a critical aspect of brand building as consumers share their likes, dislikes, and experiences with brands with each other Developing Integrated Marketing Communication Program
Criteria for IMC Programs (The 6 Cs)
Coverage
Coverage is the proportion of
the audience reached by each communication option, as well as how much overlap exists among communication options Developing Integrated Marketing Communication Program (Cont…) Criteria for I M C Programs (Cont…) Contribution Create the desired response among consumers in the absence of exposure to any other communication option Commonality Extent to which common information conveyed by different communication options Complementarity Extent to which different associations and linkages are emphasized across communication options Conformability Marketing communication option is robust and effective for different groups of consumers Cost Cost to arrive at the most effective and efficient communication program