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Business objective: Nesfold share in the instant coffee market increases by 10% by the
end of the first quater of 2024.
2. Evaluate the methods used to measure marketing success which can increase
ROI.
While the digital realm offers unparalleled insights, traditional approaches such as customer
surveys and feedback remain indispensable. Initiating in-depth interviews or soliciting
specific feedback with detailed questions becomes a qualitative treasure trove. This
qualitative data, when juxtaposed with quantitative metrics from social media and website
analytics, offers a holistic view, uncovering nuanced insights that quantitative data alone
might miss. The synergy between quantitative and qualitative methods ensures a
comprehensive evaluation of the IMC plan's effectiveness. This multifaceted approach
underscores the diversity of data sources and emphasizes the importance of a nuanced
understanding of consumer behavior. By harmonizing quantitative generalizations with
qualitative insights, businesses not only gain an accurate assessment of the success of their
IMC strategies but also acquire actionable intelligence to refine and optimize their future
marketing endeavors. In this meticulous order to collect data from customers, it is
imperative to recognize the significance of customer input in shaping a successful IMC plan.
The journey begins by defining clear objectives for data collection, ensuring that each piece
of information serves a specific purpose in evaluating and enhancing the effectiveness of the
IMC strategy. It is essential to employ a mix of quantitative and qualitative methods,
leveraging tools such as surveys, feedback forms, and interviews. Surveys, when well-
designed, provide quantitative data that can be easily analyzed and interpreted, offering
insights into customer preferences, perceptions, and behaviors. Feedback forms,
strategically placed within digital touchpoints, offer customers the opportunity to express
their opinions and experiences in a more spontaneous manner. These qualitative insights
complement quantitative data by providing context and depth to customer responses.
Additionally, in-depth interviews, conducted either one-on-one or in focus group settings,
delve deeper into customer motivations, desires, and pain points, yielding rich qualitative
data. The integration of both quantitative and qualitative approaches ensures a
comprehensive understanding of customer sentiments, allowing businesses to tailor their
IMC strategies to resonate with their target audience effectively. Regular and systematic
data collection, coupled with a commitment to adapt based on customer feedback, positions
businesses to stay agile and responsive in an ever-evolving market. This iterative process of
collecting and utilizing customer data becomes a powerful driver for refining the IMC plan,
fostering customer-centricity, and ultimately achieving and exceeding marketing objectives.
The order will be: Qualitative Quantitative Qualitative the second time Collect data
and analysis them.
After obtaining the necessary data from metrics, KPIs, and tools based on the established
objectives, creating a comprehensive dashboard becomes essential. This not only aids the
IMC planner and implementer in monitoring and evaluating the IMC plan more effectively
but also facilitates efficient reporting and information updates for stakeholders. Several
tools can be employed to create a dashboard, including Google Data Studio, Tableau, Power
BI, and Klipfolio. In this case, I opted for Tableau to illustrate a dashboard for the new
Nescafe product - Nesfold. The choice of Tableau is justified by its suitability for projects
with large budgets and high functionality requirements, especially when dealing with
extensive and complex data for a global company like Nescafe, which sells a variety of
products worldwide. Tableau outperforms alternatives like Google Data Studio, which is
more budget-friendly but lacks comparable features, and Power BI, which is more expensive
than Google and suitable for Microsoft-centric organizations but doesn't handle complex
data as effectively as Tableau. Klipfolio focuses more on performance metric tracking and
lacks extensive customization options in terms of design, charts, and user interface, making
it less visually appealing compared to Tableau. Therefore, I utilized Tableau to create the
dashboard.
After successfully executing the steps outlined above—increasing the criteria of increased
traffic, engagement, revenue, and brand identity, measuring them with KPIs and metrics
using tools, as well as creating a dashboard for easy monitoring, evaluation, and
optimization of the campaign—especially considering that all these steps are aligned with
the objectives set at the beginning and maintain consistency across activities in the IMC
plans, achieving increased ROI is entirely feasible. This is because ROI increases when
investment costs are used efficiently and optimally, yielding positive results that lead to
higher profits, surpassing the total amount invested.
To enhance the marketing communication plan and achieve maximum revenue while
successfully meeting both communication and business objectives, it is imperative to
continuously optimize the IMC strategy and tactics. This involves making data-driven
adjustments based on monitoring and analysis. Messages, channels, frequency, budget, and
audience may need alterations based on the insights derived from the data. Additionally,
testing different variations of IMC elements, such as headlines, images, colors, and calls to
action, is essential to identify the most effective components. Optimization contributes to
increased efficiency, effectiveness, and maximized ROI.
Communicating IMC results and learnings is vital for justifying recommendations. Sharing
findings and recommendations with stakeholders through clear and concise presentations,
utilizing charts, graphs, tables, or dashboards, demonstrates the impact of the IMC campaign
on goals and objectives. Emphasizing key takeaways and lessons learned informs future
IMC decisions and actions.
Reviewing and updating the IMC plan is another crucial step in justifying recommendations.
Periodic evaluation of IMC performance and ROI, at least annually or more frequently in
response to changing business or market conditions, ensures relevance. Incorporating
feedback from stakeholders and staying abreast of industry trends helps in keeping the IMC
campaign fresh, effective, and aligned with the overall business objectives.