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Role of Event Management in Corporate Communication
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Corporate Governance – Definition, Scope and Benefits
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Setting the Product and Branding Strategy
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Green Washing, Corporate Spin and CSR
As for superficial attempts to practice CSR, the term “green washing” gives an instance of how the aims of CSR are subverted. Green Washing refers to the practice of the corporate spin employed by a company in declaring itself to promoting environmentally friendly policies whereas in reality, the company does not live up to the […]
Integrated marketing communication plan blends essential components of marketing mix to promote brands effectively among end-users. Integrated marketing communication plan integrates various methods of marketing such as advertising, public relation, promotion through social networking sites and so on to create awareness of products and services among target audience. Brand communication methods instead of being used in isolation are all put together under one umbrella to increase the visibility of a particular brand and eventually yield higher profits for the organization.
Successful implementation of integrated marketing communication plan relies on clear understanding of target customers - specifically their needs and expectations. Remember, your product must exceed customer expectations for customers to stay loyal towards your brand. Know how your brand would benefit end-users. It is essential to integrate the various components of marketing mix effectively and sensibly for effective results. The blending needs to be done with utmost care. Example - If you are giving an advertisement in the newspaper, make sure the product details are also available on your company’s website, banners and hoardings are displayed at proper places and so on.
Make sure products are promoted simultaneously at multiple places. Marketing tactics, instead of being used in isolation, need to work in unison communicating the same message to the end-users. Integrated marketing communication plan needs to reflect similar strategies employed by organizations to promote their brands.
Make sure you assign fixed time and resources to implement integrated marketing communication plan. Marketers need to strive hard to implement integrated communication plans within the stipulated time frame with the budget allocated for the same. It is always advisable to focus on the best customers. Best customers are those who generate maximum revenues for the organization. Understand who all are the highest users of your brand (products and services)?
Let us understand this with the help of an example.
Nike shoes are a hit among college going students who prefer wearing them with jeans for a casual look. Professionals or office goers would prefer spending on formal shoes which they can wear daily to work. Nike instead of concentrating on mature professionals need to devise ways to promote the brand among individuals within age bracket of 16-23 years through integrated marketing communication plans. Brand can be promoted through print media, social networking sites, campaigns in schools and colleges, website and so on simultaneously.
Promotional activities should not be undertaken just for the sake of it and as a mere formality. What is the purpose of brand communication activities if the message does not reach customers at the right time and the right place? Planning is important but what is more crucial is executing the plan effectively for maximum results. Find out how much business would the end-users bring to your organization, before allocating budgets for the implementation of the plan. Careful analysis is essential before you finally implement the plan. Integrated marketing communication plans need to be implemented in the most cost effective way.
It is crucial to keep a close watch on the competitor’s activities as well. Once the integrated marketing communication plan is well implemented, it is essential to measure its effectiveness as well.
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