In defining Integrated Marketing
Communication, certain key words cannot be left unexplained.
Integration can be said to the act of bringing together compactible
elements in order to achieve a set goal or achieve good results.
Marketing is the management function which involves
anticipation and the provision of a need at a particular price / place/ time to
potential customers in a good manner in order to get good value. It involves
conception, promotion and distribution of an idea, product or service to
satisfy customer needs.
Communication is the transfer of the thoughts and meaning
between two people both collectively or singularly. Therefore
Integrated Marketing Communication refers to the vast
techniques which are used inter-relatedly in the marketing world or domain to
be the tool manipulated by successful marketers in order to enrich and upgrade
their communication cycle from the sender through a medium to a receiver, then
receivers response and their feedback which goes back to the sender and hence
starting the cycle again. These elements which amalgamate to form the
integrated marketing communication tells that a communication effective firm does
not only rely on media advertising but rather other promotional tools such as
PR, POS or POP, sales promo, publicity, entertainment marketing and sponsorship
of events. All the promotional tools
conglomerate to foster a well sharpened communication based between an organization
and its public, customers and potential customers. The main aim of using the I.M.C
is to build Brand or Firm Equity since media adverts cannot solely provide
Brand Equity. Brand Equity is the intangible asset that results from a
favourable image after good marketing communication is established.
Each element functions effectively when applied in a proper
and well suiting platform. Example public relations which uses the “pull
strategy” of marketing communication cannot be applied to work effectively in a
“push demanding” situation where (pop/pos) direct marketing or personal selling
elements should be used especially dealing with people in the slum, you have to
get to their abodes with your marketing message since majority do not rely on TV
and internet.
IMC according to G.Belch and M.Belah: “Advertising and
Promotion 2006” is coordinating the various promotional elements and other
marketing activities that communicate with a firm’s customers.
Forms of communicational elements in the integrated marketing
communication mix are the sales Promotion, Advertising, Personal Selling,
Publicity Sponsorship Marketing, Point of Sale (POS) or point of Purchase (POP)
displays.
These elements work effectively when they are utilized in
their right domain. Some fall under the pull system of marketing communication.
The pull system is when an organization tries to trap
customers or potential customers by using the management elements such as
Sponsorship Marketing, Advert/ PR/ Sales promo to market their idea, products
or service. On the other hand the push system of marketing elements include POP
or POS Personal selling, by this means
the org. makes their product available to customers or potential customers
hence compelling them to change their opinion and attitude towards the idea,
product or service since it works as a shot arrow piercing through the economic
brain of the customer.
The six forms should be integrated to form a marketing
communication package because customers are rational and want to maximize
satisfaction whist they try as much as possible to minimize cost. So both the
customer and the organization are cannibals wanting to capitalize on each other's
availability. But to the marketer, the IMC is a great weapon. The reason being
that as adverts create awareness, sales promo does enticement as it lessens
cost to attract customers. Whilst Public Relation managers (protect and
Promote) the organization’s image. Sponsorship Marketing builds Brand Equity,
POP and POS pushes the product physically onto the market, Personal Selling
does the decentralization and direct appeal to a customer. With all the above
mentioned benefits, I conclude that a good marketing firm cannot thrive without
using the integrated approach to marketing communication.
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