1 Chapter 2 Strategic Planning Principles. 2 Review from Chapter 1 What is IMC? Name 2 types of...
-
Upload
moris-ward -
Category
Documents
-
view
214 -
download
1
Transcript of 1 Chapter 2 Strategic Planning Principles. 2 Review from Chapter 1 What is IMC? Name 2 types of...
1
Chapter 2Strategic Planning Principles
2
Review from Chapter 1
What is IMC? Name 2 types of advertising – give examples Give 3 examples of Direct Response – What is the difference
between advertising and direct response? What is fueling the growth in interactive communications? Explain
and give an example What’s the difference between push and pull sales promotions?
Give examples of each What are the four trends driving IMC? What is the Hierarchy of Needs? How do we use it? Give
examples What is the difference between the “real self” and the “ideal self”?
Give an example of an ad that targets one’s “ideal” self. Describe how perception affects advertising and promotion
3
Integrated Planning
Integrated planning involves linking plans from various management levels of an organization together.
CorporatePlanningCorporatePlanning
MarketingPlanningMarketingPlanning
IMCPlanning
IMCPlanning
By Senior Executives
By Brand Managers and Marketing Managers
By Communications Specialists
4
Strategic Planning
Strategic planning includes three common variables.
ObjectivesObjectives
StrategiesStrategies
ExecutionExecution
Statements about what is to be accomplished.
Statements outlining how objectives will be achieved.
Action-oriented details.
5
West Jet
6
Influences on Strategic Plans
External Influences• Economy• Competition• Social / Demographic• Technology• Laws / Regulations
External Influences• Economy• Competition• Social / Demographic• Technology• Laws / Regulations
Corporate PlanCorporate Plan
Marketing PlanMarketing Plan
IMC Plan IMC Plan
7
Plans are Linked Together
Plans from above provide guidance for IMC plans.
CorporatePlan
CorporatePlan
MarketingPlan
MarketingPlan
IMC PlanIMC Plan
Strategic orientation
Strategic and tactical orientation
8
Corporate Plans
A corporate plan is long-term and broad in scope. It includes an organization’s:
• Mission Statement
• Corporate Objectives
• Corporate Strategies
9
Mission Statement
“A statement of an organization’s purpose that reflects the operating philosophy and the direction the company will take.”
10
Coke’s Mission Statement
To refresh the world … in body, mind and spirit
To inspire moments of optimism … through our brands and our actions
To create value and make a difference … everywhere that we engage
11
Corporate Objectives
Objectives are quantitative in nature, growth oriented, and measurable.
• Sales
• Profit
• Return on Investment
• Social Responsibility
12
Corporate Strategies
Strategic DirectionStrategic Direction
Some Alternatives• Penetration• New Product Development• Acquisition• Strategic Alliance
Some Alternatives• Penetration• New Product Development• Acquisition• Strategic Alliance
$ for Marketingand Other Operations
$ for Marketingand Other Operations
13
Marketing Planning
Marketing planning involves four essential steps:
1. Analyzing market opportunities
2. Developing marketing strategies
3. Planning and implementing programs
4. Measuring and evaluating programs
14
Marketing Planning & Control
Marketing PlanMarketing Plan
ImplementationImplementation
Evaluation & ControlEvaluation & Control
Corrective ActionCorrective Action Revise ObjectivesRevise Objectives
Modify StrategiesModify Strategies
15
Marketing Plan
Background and SWOT
Background and SWOT
MarketingPlan
MarketingPlan
• Positioning Strategy• Target Market Profile• Marketing Objectives• Marketing Strategy• Marketing Execution
• Positioning Strategy• Target Market Profile• Marketing Objectives• Marketing Strategy• Marketing Execution
Evaluation &Control
Evaluation &Control
16
Budget Determination
Several methods are available for determining a budget:
• % of Sales
• Fixed Sum / Unit
•Industry Average
• Task (Objective)
17
Marketing Communications Planning
1. External agents are often responsible for preparing plans.
2. The contribution of each communications component must be determined. Some provide short-term benefit and some provide long-term benefit.
3. The components must be integrated to present a unified message to the target.
18
Marketing Communications Objectives
Marketing communications must satisfy a diverse list of objectives, hence the need for integration of various components.
• Build / Sustain Awareness
• Develop Image
• Alter Perceptions
• Differentiate Products
19
20
21
Marketing Communications Objectives
• Attract New Targets
• Encourage Greater Use
• Offer Incentives
• Create Goodwill
• Create Leads
• Motivate Distributors
22
Marketing Communications Strategies
• Advertising• Direct Response• Online Interactive• Sales Promotion• Personal Selling• Public Relations• Event Marketing
• Advertising• Direct Response• Online Interactive• Sales Promotion• Personal Selling• Public Relations• Event Marketing
Depending on the objectives to be achieved, competitive activity, and budget, the best combination of marketing communications components are recommended. Each situation is unique.