What is the first step in IMC?
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The first step in the IMC planning process is:A) analysis of the company's contextB) defining the firm's target market Show
Marketing Chapter 1 A. the situation analysis. B. budget determination. C. a review of the marketing plan. D. specification of communications objectives. E. development of the promotional mix strategies. Answer: C Learn More :The integrated marketing communications plan is an approach that achieves the objectives of a marketing campaign, through a well-coordinated use of different promotional methods that are intended to reinforce each other. It is successful within B2B and B2C companies and can be used by small retailers who can’t afford to outsource marketing, large global brands to even non–profit organisations, this model is applicable to cater for many companies. Within the IMC plan, the company carefully integrates and coordinates its many communication channels to deliver clear and consistent messages about the organisation and product or service. The plan involves getting a communication message to a customer; this message has to be clear, consistent and compelling. The process of the IMC is important for better managing the communication mix with target audiences and maintaining a strong market position through brand differentiation. Planning provides direction for creating and delivering brand messages, it provides new opportunities for advertising agencies and for companies to create added value for their customers and ensures that the message being delivered to consumers and clients can be monitored every step of the way. Belch G. & M. Belch suggest that the IMC process consists of six key steps outlined below: 1. Contextual or Situational AnalysisThe first stage of the IMC planning process is to conduct a situational/ contextual analysis. This can involve a SWOT analysis and an external and internal environmental analysis. 2. Target MarketsYou need to research and decide who your target markets are and map them on a demographic and psychographic level. Then you need to decide what the benefits are to the consumer and why they would use the product. 3. Communication ObjectivesThe third step of the planning process is to decide what the communication objectives are. These are objectives that your company wants to communicate to the public and their target audience. Some examples of these are;
4. BudgetThe types of budgets that companies have can vary. These can be, a percentage of sales, competitive partially, percentage of profit, or a budget depending on objectives and tasks and how much the company can afford. 5. Marketing Mix StrategyThe marketing mix (product, price, place, promotion), is selected in line with the communication objectives and within lesion with the budget selected. 6. Evaluating the ProgrammeThe final step of the IMC planning process is evaluating the programme. This can be done by certain social media metrics, by analyzing online traffic with the use of Google analytics, and by sales and social media tools that allow you to track engagement with certain items. For more marketing tips, why not take a look at our article on the 3p's of marketing or join our mailing list to receive actionable digital marketing news with interviews from people high in the industry! Integrated marketing communication is a doorway to achieve marketing objectives. It happens through the usage of well-coordinated promotional programs. Therefore, these programs strengthen each other. Although, integrated marketing communication is successful primarily within B2B and B2C companies. And can be helpful for small retailers who can’t afford to outsource marketing operations. However, from large global brands to non-profit organizations, this model applies to almost all companies. Moreover, within the IMC plan, the company or organization thoroughly integrates and synchronizes its communicational channels. They do it to produce distinct and consistent messages about the brand. For instance, you probably think that your marketing is the best in the world. But in reality, people will forget it very soon if they only experience it once or twice. So, to make an impact, here comes Integrated Marketing Communication or IMC to the rescue. What is the Importance of Integrated Marketing Communication?Have you ever thought about why Burger King is continually advertising? Although, there is pretty much no one who doesn’t know Burger King and what they have to offer. Besides, there is one Burger King on almost every street. So why do you think they still advertise? Because there is a powerful potential in reminding consumers about your brand. Yes, uniquely, even if they are already aware of your presence. In other cases, you may want to change the understanding of your brand’s values and what it offers. In that case, integrated marketing communication is extremely necessary. And this is why constant messaging over channels is so essential. Actually, without it, your messages will lose to make an impression. In fact, let’s face it, you will just be frustrated with your business if it fails. For example, the foundation of Starbucks’ strength in IMC is twofold. Firstly, consistent branding, and secondly, consistent customer recognition. As a result, the Starbucks brand is undeniable visually. Consequently, they’ve always understood the value of benefits. On top of that, they also promote their brand with birthday gifts, delivering via postal mail to customers like an actual present. Integrated Marketing Communication Planning ProcessThe IMC planning process includes giving a communication or message to a consumer. This message must be transparent, consistent, and compelling. Therefore, it is crucial for managing the communication mix with target audiences better. And also secure a strong market position through brand differentiation. Moreover, planning provides directions to create and deliver brand messages. Also, it offers new possibilities for companies to generate added value for their customers. Furthermore, the IMC process ensures that it can track the messages being delivered to consumers and clients every step of the way. According to professionals, the IMC process consists of six steps described below: 1. Situational or Contextual Analysis 2. Target Markets 3. Communication Objectives 4. Budget 5. Marketing Mix Strategy 6. Evaluating the Programme Step 1: Situational or Contextual Analysis Firstly, the IMC planning process includes conducting a situational or contextual analysis. Also, it can involve a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis. And also an external and internal environmental analysis. Step 2: Target MarketsSecondly, decide who your target markets are. Then map them on a demographic and psychographic level. Lastly, you need to determine WHAT benefits you will offer to your consumer. Coupled with, WHY they would purchase your product. Step 3: Communication ObjectivesThirdly, your IMC planning process would be to decide the communication objectives. The objectives that your company has to communicate to the public and its target audience. Some examples of communication objectives are:
Step 4: BudgetThe fourth is to fix the budget of your company. The types of budgets can vary from company to company. A budget can depend on the percentage of sales, percentage of profit, and partly on competitiveness. Step 5: Marketing Mix StrategyThe marketing mix is a mix of 4Ps- Product, Price, Place, and Promotion. Therefore, it is a set of tactical marketing tools. A company uses it to produce its desired response from its target audience. Besides, this set has everything that a company can offer to affect its product demand. Step 6: Evaluating the ProgrammeFinally, the last step of the IMC planning process is assessing the programme. Specific social media metrics can do this by analysing online traffic. Similarly, you can do it by using Google Analytics, sales, and social media tools. Indeed, these tools will allow you to track engagement with particular items. 8 Most Beneficial Integrated Marketing Communication ToolsTo this end, what are the most beneficial Integrated Marketing Communication Tools? Let us go through with the 8 most beneficial tools now. Which are: 1. Advertising 2. Sales promotion 3. Direct marketing 4. Mobile marketing 5. Social media marketing 6. Personal selling 7. Public relation activities 8. Sponsorship AdvertisementAdvertisement is one of the most productive methods of all time. Firstly, advertisements help with brand promotion. Secondly, it allows businesses to attain a wider audience within the least possible time frame. Also, advertisements in newspapers, television, radio, billboards help the brand to gain trust from the people. Besides that, it motivates them to purchase again and remain faithful to the brand. As a result, advertisements improve the consumption of a particular product or service. And also create brand awareness amongst customers. Moreover, through ads, marketers need to ensure that the right messages reach the right customers at the right time. Sales PromotionSales promotions like discount coupons, loyalty clubs, membership coupons promote brands. Also, incentives, lucrative schemes, attractive packages, specially designed deals can promote brands. In addition, newspaper inserts, danglers, banners, glorifiers, and wobblers can promote brands effectively. Direct MarketingDirect marketing facilitates companies to interact directly with the end-users. Therefore, emails, text messages, catalogues, brochures, promotional letters are direct marketing tools. As a result, information reaches end-users straight through direct marketing. Mobile MarketingMobile marketing is interacting with customers through mobile by sending them text messages. Besides, it is the most affordable traditional means of promotion, for sure. There is considerable disagreement as to how willing consumers are to receive marketing communications via their mobile devices. The study in the opening example, (Barwise and Strong, 2002) found evidence that mobile could be a highly effective way of reaching consumers. Their response could be pretty positive to marketer’s text messages. Many media planners are already allocating budgets and implementing mobile marketing communications programs. Social Media MarketingSocial Media marketing is one of the effective tools. This channel can promote the brand or business by influencing the audience. Specifically, it is one of the low-cost promotional methods. Besides, you can target many users at once here. Personal SellingPersonal selling is when a marketer or sales agent sells products or services directly to clients. In comparison, it is effective, especially to strengthen the bond between the buyer and the seller. Public Relation ActivitiesPublic relation activities can elevate a brand. Elevate through press releases, news, events, public appearances, etc. Most importantly, the motifs of Public relations activities is to present the organization or company in the best light. SponsorshipSponsorship is a mixture of public relations and sales promotion. Thus, it creates brand loyalty and helps in differentiating the product or service from the competitors. In resemblance with intense marketing competition, an expanding number of businesses choose sponsorship to expand their brand influence and gain market share. Especially the increasingly successful sports sponsorship. Therefore, sports sponsorship is of great significance to enhance brand equity. What are the Major Steps in IMC Planning Model?Ultimately, the 7 major steps in the IMC planning model include: 1. Review of the marketing plan 2. Promotional marketing objectives 3. Analysis of the communication process 4. Budget determination 5. Developing the integrated marketing communications program 6. Integrating and Implementing Marketing Communications Strategies 7. Monitoring, Evaluation, and Control #1 Review of the Marketing PlanReviewing the marketing plan is the first step in the IMC planning process. That is a document that describes the overall marketing strategy. Besides, it also describes programs developing for an organization, a product/service line, or an individual brand.
#2 Promotional Program Situation AnalysisAfter you are done reviewing the overall marketing plan, the second step is to develop a promotional strategy to conduct the situation analysis. In particular, there are two factors that situation analysis focuses on in the IMC program: 1. Internal Analysis 2. External Analysis #3 Analysis of the Communications ProcessIt is to determine how the company can communicate with consumers in the market effectively. In reality, developing communication objectives is an important element of the IMC planning process. This is especially true when it refers to what the firm seeks to accomplish with its promotional program. #4 Budget DeterminationThe budget can depend on objectives, tasks, and also how much the company can afford. Therefore, two fundamental issues you must address regarding the IMC budget:
Below, we’ve presented a demo pie chart as an example of IMC budget determination. #5 Developing the Integrated Marketing Communications ProgramThe most affected and involved part of the promotional planning process happens at this step. As here, the decision has to make regarding the role and importance of each IMC tool. And also make the decision about their collaboration with each other. Although, each IMC tool comes with its own set of objectives, message, media strategy, and budget. These include:
#6 Integrating and Implementing Marketing Communications StrategiesNow, it’s time to combine the various IMC tools and taking steps to implement them. Most large companies hire external agencies to plan and develop their creative messages. Also, to strategize media as well as to implement them. #7 Monitoring, Evaluation, and ControlFinally, the last stage of the IMC planning process requires monitoring. Evaluating and controlling the promotional program is also a part of this stage. At this stage, the team should be gathering feedback on how well the IMC program is working on balance. Whether it is meeting its objectives or not. Please note that companies will use this feedback in the next IMC planning and strategy development. ConclusionWith the introduction of a whole host of new digital marketing channels, the integration of IMC has never been more challenging or important. Especially over the past few decades. After all, Integrated Marketing Communications is a simple but potent concept. It ensures that all forms of communications and messages are carefully linked together to your benefit. Therefore, it is a very powerful way in the growth journey of your business. Marketing Communication Learn the fundamental concepts of integrated marketing communication and level up your marketing skills. Marketing Communication Learn the fundamental concepts of integrated marketing communication and level up your marketing skills. What is the first step of IMC process?The first stage of the IMC planning process is to conduct a situational/ contextual analysis. This can involve a SWOT analysis and an external and internal environmental analysis.
What are the 7 steps required when developing an IMC plan?Step-by-Step Exploration of the IMC Process. Step 1: Know Your Audience from Behavioral Data. ... . Step 2: Develop a Situational or Contextual Analysis. ... . Step 3: Determine Your Marketing Objectives. ... . Step 4: Establish Your Budget. ... . Step 5: Defining Your Strategies and Tactics. ... . Step 6: Evaluation and Measurement.. What are the 4 pillars of IMC?Four pillars of IMC: stakeholders, content, channels, results.
What is IMC plan?The American Marketing Association defines IMC as “a planning process designed to assure that all brand contacts received by a customer or prospect for a product, service, or organization are relevant to that person and consistent over time.”
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