Upload
karen-shaw
View
217
Download
0
Tags:
Embed Size (px)
Citation preview
Questions for Comm. Mix Development
Multiple Objectives: Which one?
Multiple Segments: Which one?
Multiple Mediums: Which one?
Limited Revenues: How much?
WHERE IS THE PLAN?
Marketing Communications Plan
Starting point for developing a communication mix
Defines the goal that has to be achieved
Defines the resources available
Defines the key challenges
SOSTAC Planning System
Just one of the many approaches
Helps recall all the essential elements
Can be used for any kind of a plan
Most commonly used planning system by over 3000 managers worldwide
Works for both consumer and B2B products
Enough selling…lets reveal the plan
Situation Analysis (where are we now?)
Objectives (where do we want to go?)
Strategy (how do we get there?)
Tactics (details of the strategy)
Action (implementation of plans)
Control (measurement, review &
modification)
Situation Analysis: It’s a war - Sun Tzu!
Those who triumph compute at their headquarters a great number of factors prior to a challenge.Those who are defeated, compute at their headquarters a small number of factors prior to a challengeMuch computation brings triumph. Little computation brings defeat. How much more so with no computation at all.By observing only this, I can see triumph or defeat!
Situation Analysis
Performance Review (Sales, MS, Profitability)
Brand Review (Recall, Imagery, Strengths)
Competition Review (MS, Recall, Imagery,
Portfolio)
Consumer Review (Segments, Usage, Needs,
Decision)
Objectives: Mktg vs. Comm
Marketing Objectives What do we want to achieve in terms of
sales, market share, penetration, FOP etc.?
Communication Objectives How will communication help us achieve the
marketing objectives in terms of awareness, attitudes, interest, trials?
One follows the other!
Examples of Marketing Objectives
Increase market share by X% in the next 12 months
Generate 5000 footfalls in the next 4 weeks
Increase distribution penetration by X% in 6 months
Examples of Communication Objectives
Increase brand awareness by X% amongst SEC AB in 12 months
Improve image scores on VFM from 30 to 50 in the next 2 years
Reposition the brand from being old & unfashionable to young & trendy
Good Communication Objectives
SMART
DAGMAR (defining advertising goals for measuring advertising responses)
Unawareness Awareness Comprehension Conviction Action
AIDA (attention, interest, desire and action)
Strategy
We know where we want to go?
Lekin jaenge kaise?
Communication Strategy Core TG Priority Markets Positioning / Communication Message Communication Mix
Stop & Sit
Segmentation (who will go after?)Target Markets (where all will we get him?)Objectives (will it meet our objectives?)Positioning (what space do we need to occupy?)
&Stages (are there multiple stages or a sequence?)Integration (does it all add up?)Tools (which elements are we using?)
Tactics
Details of the strategy
Communication Tools Advertising PR Direct Mail Promotion
Where?
How much?
When?
For how long?
Action
Implementation of tactics
Gadha Majdoori Network Management
People Time Prioritising Pressure
Control
Monitoring, measuring & controlling
Define the system Measures (ATP) Frequency of measurement (Q, HY, Y) Who does it? (Internal Team / MR Agency) Action mechanism (What? Who? When?)
Ek baar phir se?
Situation Analysis (where are we now?)
Objectives (where do we want to go?)
Strategy (how do we get there?)
Tactics (details of the strategy)
Action (implementation of plans)
Control (measurement, review &
modification)
Bank of BarodaNot seeing opening of any new accounts in the last 3 years
40% of existing accounts also maintaining QMB to retain the A/C
Growth being witnessed by ICICI Bank & HDFC Bank
Management confirms that BOB provides all the products / services that are offered by ICICI Bank & HDFC Bank
The Marketing Objective defined by the management in the next 12 months is to activate current account holders
You as the ‘Marketing Team’ are required to make the MCP using SOSTAC as a planning approach