IMC PLANING. Strategic PART TWO PLANNING AND STRATEGY. Chapter 7. Wells, Moriarty, Burnett & Lwin. ADVERTISING Principles and Effective IMC Practice
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1 PART TWO PLANNING AND STRATEGY Chapter 7 Wells, Moriarty, Burnett & Lwin ADVERTISING Principles and Effective IMC Practice Revised by Chutinun K, Strategic IMC PLANING
2 Key Points Differentiate between objectives, strategies, and tactics in strategic planning Identify the basic decisions in an advertising plan Outline the key features in an IMC plan Wells, Moriarty, Burnett & Lwin - Xth Edition ADVERTISING Principles and Effective IMC Practice
3 Objective FOUR logic+plan direction FUNDAMENTAL Central Idea Attention+Memory ELEMENT OF ADVERTISING Effective Ads are well produced. Strategy, the creative idea, the advertising executions, and the media communication must work together channel for an Target ad to Audience be truly effective Strategy Creative Idea Execution Media
4 Strategic Planning Functional Level Planning Corporate Plan Marketing Plan Advertising Plan Corporate Strategy Marketing Strategy Advertising Strategy Corporate Tactics Marketing Tactics Advertising Tactics
5 Strategic Planning The process of determining objectives, deciding on strategies, and implementing the tactics Objectives: What you want to accomplish Strategies: How to accomplish the objectives Tactics: Make the plan come to life Wells, Moriarty, Burnett & Lwin - Xth Edition ADVERTISING Principles and Effective IMC Practice
6 Strategic Planning It is important for advertisers to know what to expect from a campaign or an ad Good Objectives? = Measurable objectives Specific effect that can be measured A time frame A baseline The goal Percentage change Wells, Moriarty, Burnett & Lwin - Xth Edition ADVERTISING Principles and Effective IMC Practice
7 TYPICAL PLAN OUTLINE Basic Strategic Planning Decisions Situation analysis Strengths Weaknesses Opportunities Threats Key strategic decisions Positioning Budgeting Media strategy Chapter 11 Message strategy Chapter Evaluation of effectiveness
8 Basic Strategic Planning Decisions Situation analysis Researching and reviewing the current state of the business that is relevant to the brand and gathering all relevant information After the research is compiled, analysis begins SWOT analysis Strengths Weaknesses Opportunities Threats Key problems and opportunities
9 SWOT analysis Internal environment analysis Strengths: positive traits, conditions, and good situation of something Weaknesses: traits, conditions, and situation of something that are perceived as negative External environment analysis Opportunities: an area in which we could develop an advantage over its. Threats: a trend or development in the environment that will erode business unless we take action. Positive Negative Internal Strengths Weaknesses External Opportunities Threats
10 Basic Strategic Planning Decisions Key strategic decisions Positioning Budgeting 1. Segmenting and targeting Market segment: a group of consumers having similar characteristics The segments the planner selects becomes the target audience Getting deeper insight into consumers is the responsibility of the account planning function
11 Basic Strategic Planning Decisions Key strategic decisions Positioning 2. Positioning Strategy Determining what place a product should occupy in a given market To establish a location in the consumer s mind based on what the product offers and how that compares with the competition Product features Feature analysis Competitive advantage Importance/performance Differentiation Branding Locating the brand position Perceptual mapping
12 A Perceptual Map for Automobiles
13 Basic Strategic Planning Decisions Key strategic decisions Positioning Budgeting Determines how many targets and multiple campaign plans a company or brand can support and the length of time the campaign can run
14 Basic Strategic Planning Decisions Key strategic decisions Positioning Budgeting Historical method history s spending+ inflation+ market situation Objective-task method develop budget from the ground up, by determining the cost of accomplishing each objective s activities Percentage-of-sales method Combine historical and sales performance Step1: Past ads. Spending / past sales = % of sales Step 2: % of sales performance * next year sales forecast Competitive budgets All you can afford
15 Basic Strategic Planning Decisions Media strategy Media Objectives Vehicle Selection Message strategy Selling Premise Big Idea Executions Evaluation of effectiveness
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