Lecture 9 Flashcards
(41 cards)
What is marketing communications and what is its role?
The means by which firms seek to engage and excite people, often persuading them to make a purchase. Traditionally this is focused on delivering a given message to a predefined audience but has largely changed to a two-way style of interaction.
What are the 9 different types of marketing communications?
Advertising, sales promotion, events and experiences, public relations and publicity, direct marketing, personal selling, interactive marketing, word-of-mouth marketing and social media marketing.
What is a micro model and what are the use cases for such models?
Micro-models concentrate on customers specific response to communications and are frequently referred to as response hierarchy models. Customers pass through a cognitive, affective and behavioral stage (but not always in that specific order)
What are the 4 key elements needed to establish effective communication?
Establish connection, Promise reward, Inspire action and Stick in memory.
What are the 8 steps for establishing effective communication?
Ide, obj, cha, bud, mmx, res, imc.
1.Identify target audience
2.Determine objectives
3.Design communications
4.Select channels
5.Establish budget
6.Decide on media mix
7.Measure results
8.Manage integrated marketing communications.
What is the “match-up” hypothesis?
The math-up hypothesis postulates that the level of congruency match between endorser (celebrity) and the brand is important.
Athletes are more effective endorsers of sport brands rather than fast food.
What are the 3 central parts of designing communications?
What to say, How to say it, And Who should say it.
What is a message strategy within communications design?
The appeals, themes or ideas that will connect with the brand positioning and help to establish points-of-parity or points-of-difference.
What is a creative strategy within communications design?
The way marketers translate a message into a specific communication, and it might utilize either a informational appeal or a transformational appeal.
What is the difference between a informational appeal and a transformational appeal?
Information: Presented pieces of information serve as evaluation criteria. Focusing on providing information. Often include the use of experts, peers, demonstrations, highlighting of a solution and comparisons.
Transformation: Focused on evoking emotions or altering affective responses, while simultaneously conveying benefits, communication an image and attracting attention. Often utilizing humor, eroticism, warmth, music and sometimes a celebrity.
What is the 3 important elements to consider when choosing Who should say it in communications design?
Message source: messages delivered by attractive, popular or respected sources can achieve higher attention.
Expert endorsers: The use of an expert can be used to demonstrate the quality of a product by adding credibility.
Celebrity endorsers: By using celebrities the brand can attract attention, give free publicity, and are based on the likability and star status of famous public figures.
Does marketing activities have to be integrated?
They should in order to deliver a consistent message across all potential interactions that customers may have with a company to achieve the desired positioning.
How is humor effective in marketing and which factors does effectiveness depend on?
Humor attracts attention, but whether the attention leads to downstream effects depends on the product type, the existing products and the relationship between humor and product.
How is eroticism used in marketing and what are its effects?
Some appeals use forms of nudity, intimate contact, sexy or provocatively dressed individuals, seductive facial expressions or words as well as sexually laden music.
It has the effect of attracting attention but risks reducing the message and can hurt a brands image.
What is the function of evoking warmth in advertising?
Use of elements evoking mild and positive feelings. This leads to positive affective responses with potential for downstream effects on ad attitudes, brand attitudes and purchase intentions. More effective with women and people with high empathy.
What is the definition of the fear appeal in marketing and what are 5 main appeals used?
Fear advertising uses exposure to risk that can be mitigated by purchasing a product.
Physical appeal: bodily harm risk Social: risk of exclusion or being disliked. Time: Risk of losing time on unpleasant activities. Financial: Risk of losing money Opportunity loss: Risk of losing an opportunity.
What is a shock tactic in advertising and what are the effects of it?
Shock tactics are deliberately offending an audience by deliberately violating norms, laws or social conduct by being vulgar, violent or disgusting.
The effect of shock tactics is that they attract attention, facilitate cognitive elaboration and generate word-of-mouth (WOM) and media publicity.
What is the main aim of using music in advertisement?
To capture attention, create positive mood, induce sense of relaxation, enhance product evaluations, signaling a certain lifestyle and conveying brand personality.
What are the 2 most important factors with music in advertisement?
The level of arousal (high or low) and the music to message congruency.
What is the goal when selecting communication channels?
Trying to reach people when they are in the best place, time and state of mind to get the best impact on the marketing communications budget.
What are the 4 methods for establishing a marketing communication budget?
Affordable method: what the company can afford. Percentage of sales method: Based on specified percentage of sales (actual or predicted). Competitive parity method: Set with competitor spending as a reference. Objective-and-task method: Set by defining specific objectives, determining tasks to be done and estimating the costs of these tasks.
What are the 4 communication mixes and what are the purpose and benefits of them?
Advertising: make customers buy a brand. Sales promotion: tools to draw a stronger and quicker buying response. Public relations and publicity: Underused source. It is particularly powerful if a company needs to challenge consumers’ misconceptions. Events and experiences seen as relevant and gets customers personally involved, can provide better involvement and act as a indirect or “soft” sell.
What is the main factors to consider when choosing communications mix?
2 options
The type of market, and the product lifecycle stage aka: Intro, Growth, maturity and decline.
How do consumer markets and business markets differ in regard to the choice of communications mix?
Consumer markets tend to spend more on sales promotion and advertising, while business markets spend comparatively more on personal selling.