SlideShare une entreprise Scribd logo
1  sur  52
Role of advertising in Marketing
syllabus
• Introduction to marketing- Meaning-Definition-
concept of branding- concept of added value. Key
players and markets- marketer, suppliers and vendors,
distributors and retailers, types of markets. Marketing
process- marketing research, Strategic research
process – Evaluative research process – Message
Development research – Strategic planning – The
Advertising Plan. Key strategic decisions-
Segmentation, Targeting, Positioning strategy of
tourism product. Marketing Mix strategies- product,
distribution, pricing, marketing communication and
personal sales, marketing strategy evaluation
Marketing?
• “A social and managerial process by which
individuals and groups obtainwhat they need
and want through creating and exchanging
products and value with others”
- Philip Kotler
It is the way a product is designed, tested,
produced, branded, packaged, priced,
distributed and promoted.
Why markets were created?
Scarcity of raw materials, specialisation of
labour and consumption satisfaction.
Marketing concept?
An approach that suggests marketing should
focus first on identifying customers needs and
wants than finding ways to sell products.
Two steps in marketing concepts
1. Determine the needs and wants
2. Create solutions (develop,
manufacture,market and servive goods)
Both steps are used in advertising planning through
consumer research and understanding consumer
decision making
Evolution of marketing
• Stages
1.Production era
2.Sales era
3.Marketing era
4.Relationship era
Key players
• Marketer
• suppliers and vendors,
• distributors and retailers
“Value proposition”
• set of benefits the marketing people promise
to the consumers.
What does marketing offer?
• Products
• Services
• Information
• Experiences and events
Examples ======
Persons – celebrities, models, film stars,
cricketers, bussinessmen, politicians ,,….
States and countries (tourism)
Organisations (before issue of shares, building
public image)
Information --- news channels, Microsoft Encarta
(an encyclopedia)
Ideas --- enhancing sociability after use of a
product (Lux, fairever)
Experiences and events – recreation and
enjoyment (theme park, exhibitions, trade
shows)
Types of markets
1. Consumer markets
2. Bussiness markets
3. Institutional (non profit) markets (schools,religious
and charitable orgns)
4. Govt markets – PWD, irrigation, defense,…
5. Global - pepsi, coke, HP, P&G,…
6. Meta markets – offers a cluster of complimentary
products/ closely related products – normally
available through different company/ industry.
Making available through single source.
e bay --- for buying a new/ used car – from magazines
ads … insurance, financing, mechanics,…..to service
centres
Marketing process/ Strategy -
1. Annalysing market opportunities
2. Selecting target markets
3. Developing marketing mix
4. Managing marketing effort
(diagram sent thru watsapp!)
Marketing research process
• Choose a problem
• Review the literature
• Evaluate the literature
• State the research question or hypothesis
• Select the research approach
• Determine how the variables are going to be measured
• Select a sample
• Select a data collection method
• Collect and code the data
• Analyze and interpret the data
• Write the report
• Disseminate the report
Strategic research process
1. Understanding Consumers
• Most successful products and brands start with a focus on
consumers., who will decide the ultimate success or failure of
any market introduction. Just "know your customer" means
more than just gathering data. It means recognizing customers
as a dynamic, evolving force. It means developing a "gut feel"
that helps you think like they do, that helps you anticipate
how they'll change and how they'll stay the same. One can't
constantly be testing at every decision point, so companies
have to learn to think like they think.
There are many approaches to understanding consumers. The
best offer a "real world" perspective, focusing on people's
behaviors, attitudes and environments.
Strategic research process (contd)
2.Investigating market
• Fully understanding a key topic or market is an
excellent way to start a project. These investigations
can provide fundamental knowledge about
opportunities prior to investing significant time and
money in product development. Market mapping,
demand estimation and feasibility studies are
essential. The shared learning and guidelines from
these investigations can establish a common language
and viewpoint particularly important for collaboration
and team building.
Strategic research process (contd)
3. Developing concept
• There are millions of good ideas that are developed
into thousands of products and services every year.
Most of them fail, miserably. Many of them could
succeed if they just got the details right. But, in an
effort to get to market quickly or to conserve money,
product developers often skip research or do only
cursory studies with a few consumers. Product
development research can be very efficient and very
cost effective, particularly when you compare it to the
cost of failure.
Strategic research process (contd)
• In an ever-dynamic market what success takes
is more than a good idea. It requires the
development of a strong, unique personality
that grabs attention and motivates customers.
It requires the right mix of features and
benefits and the right balance of price and
value.
Strategic research process (contd)
for development / growth of a product/ service
• Refining product/ service
• Positioning
• Naming
• Visual identity
• Communication
• Packaging
• Advertising
• Merchandising
• Relationship
Advertising plan?
• Detailed outline of a firm's or
a product's advertising campaign which shows
what are the advertising objectives, how they
will be achieved, and
what commitment of resources is required.
How to do an advertising plan?
1. Create or review your business plan. marketing objectives, along
with financial, website support and a calendar of company
objectives. Review your broader marketing timeline and goals for
marketing team.
2. Review your marketing plan. The marketing plan takes into
account all modes of business strategy to increase sales,
3. Create an advertising strategy
i. Increase awareness of a new product
ii. Reach new demographic
iii. Increase market share
iv. Increase brand awareness
v. Slow downward trend in sales
4. Propose your advertising strategy to your advertising agency or
department
5. Establish the duration of the plan and the budget
Mass marketing?
• Offering same product and marketing mix to
all consumers.
• Henry Ford” in any colour they wanted, as
long as it was black”
• Coca cola – initially sold in bottles of same
size.
• Useful when all consumers are alike.
Segmentation
• “Process of dividing markets into various sub
groups, with distinct needs, characteristics
and behaviour, who might require separate
products or marketing mixes”
- Philip Kotler
Targeting
• Target market – consists of buyers of a set of
buyers who share common needs or
characteristics.
• It’s done in 4 levels
• 4 levels of target marketing:
1.Mass /undifferentiated marketing (coca cola,
Ford’s ‘T’ model)
2.Segment/ differentiated marketing (hope for
higher sales and stronger position in each
segment) GM – “A car for every purse, purpose and
personality”. Nike shoes - - for running, golf, cycling ,
basketball. P&G - - 8 brands of laundry detergents.
3.Niche/ concentrated marketing (small but
profitable market segment).
Features :
i. A narrowly defined customer group looking for
distinctive set of benefits.
ii. Identified into dividing sub segments.
iii. premium pricing
iv. Not likely to attract competitors
v. Economies of scale through specialisation
vi. Good profitability and growth potential.
(Shahnaz Hussain’s cosmetic herbal products,) (Logitech – mouse for
left and right handed people, optical, cordless and 3D mouse,,,)
• 4. Micro/local/individual marketing
• Practice of tailoring products and marketing
programmes to suit the needs of specific
individuals and locations or stores.
• One to one marketing/ customised marketing
• Mass customisation – a process through which
companies interact on one to one basis with
customers. (dell computers, Levi – Strauss
jeans (Levi Original Spin)
Positioning
• ‘The results of your campaign depend less on
how we write your advertising, than how your
product is positioned’
---- David Ogilvy
Position is a perception it brings about in the
minds of the target customer reflecting it’s
functional / non functional benefits in the
minds of customer
Positioning … contd
• Better to be first than late ::::::: McDonalds,
ThumsUp, Amul, Xerox…. Still in the minds.
• If not first… create a new category by making
even a small change in marketing mix
elements. ( AIWA, AKAI, Maruthi Udyog)
• To reposition --- should know Competitors
strengths and weakenesses (Britannia - "Eat
healthy, think better!"/ Tata Nano/ Shaktiman
from Parle G)
Segmentation, Targeting, Positioning
strategy of tourism product
• Segmentation is the 1st step. Segment into
homogeneous clusters. Select one or more
segments to target.
• Target market is the 2nd
step. Process of evaluating
each segment’s attractiveness and selecting one
or more segments to enter, using different
marketing mix to different segments.
• Positioning 3rd
step. Arranging for a product to
occupy a clear, distinctive, desirable place relative
to competitive products.
Types of segmentation
• Geographic
• Demographic
• Psychographic
• Behavioural
Targeting, Positioning strategy of
tourism product
Branding
Branding ?
• Branding refers to the concrete symbols (a name,
logo, slogan, design, fonts, color scheme, symbols
and sound for easy identification of the product)
• It helps to differentiate one product from
another.
• The American Marketing Association defines a
Brand as "A name, term, design, symbol or any
other feature that identifies one seller's goods
and services as distinct from those of the other
sellers".
• The new logo cost Pepsi $1 million.
• They hired Arnell Associates to come up with it
• As a result, Pepsi had to spend millions more to
rebrand everything.
• Then Arnell’s 27 page document was leaked and
it was entitled, “Breathtaking Design Strategy.”
• It proposes that the new logo is some sort of Da
Vinci Code.
• The logo draws on Feng Shui, the Renaissance,
the earth’s Geodynamo, the theory of relativity,
and much more
BRAND MANAGEMENT
It is an art of creating and maintaining a brand.
"A Brand that captures your mind gains
behavior. A brand that captures your heart
gains commitment“
- Scott Talgo
BRAND RECOGNITION
• If a brand is widely known in the market and
minds of the consumer it is termed as Brand
Recognition.
????????????? Brand!!!!!!!!
• "Why",,,,, she asked "did you put two x's in
Exxon",
• "Why ask", he asked
• "Because", she said, "I couldn't help noticing",
• "Well", he responded, "that's the answer".
These three concepts
• brand promise
• brand attributes
• brand personality
Brand Promise
• A commitment made to prospects and customers. It
answers the question on every customer's mind
• "If I engage in a relationship with you, your product or
your company, what can I expect?"
• The answer to this question must address the big problem
solved or the compelling need fulfilled
• Companies with the clearest brand promises have the
strongest brands. And the simplest idea is often the most
powerful
• A set of differentiating promises that link a product to its
customers
Eg – brand promise
• 1.The safest cars in the world ?
• 2. Frequent, low cost flights ?
• 3. Everyday low prices ?
• 4. Fun entertainment for the whole family ?
• 5. Advanced processors with continually
improving cost and speed performance ?
• 6. A unique coffee experience ?
• 7. Low cost computers with minimal hassle ?
• 8. Time-certain delivery ?
• 9. Refreshment ?
Answers …..
• 1. Volvo
• 2. Southwest Airlines
• 3. Wal-Mart
• 4. Disney
• 5. Intel
• 6. Starbucks
• 7. Dell
• 8. Federal Express
• 9. Coke
Brand Attributes
• Include all the unique ways you deliver brand
promise.
• These comprise the feature set that describes
the customer's experience with the company.
• Common attributes might include your unique
versions of quality, customer service,
innovation and flexibility
Brand Personality
• Brand personality has to do with the
emotional connection people have on a
brand.
• It manifests itself in many different ways. It
can be portrayed in the pictures and visual
imagery of the brand or it can be
communicated in the "tone" or "voice" of the
communication
Contd……
• Often a company's brand personality matches
the customer's self-perception of their own
personality or a personality they aspire to.
• Common brand personalities include
ruggedness, sophistication, excitement,
competence or sincerity.
• Southwest Airlines, knows that their employees
directly reinforce their brand personality. they
hire only those people whose personalities
exactly matches a carefully defined profile:
• A commitment to customer service
• Self-motivated and energetic personality
• Team-oriented/ Ability to work equally well
alone or with others
• Sense of humor/ Positive attitude
• Flexibility to work in a dynamic, fast-paced
environment
• Statistically, it is easier to get into Harvard
University than it is to get a job at Southwest
Airlines. If you don't match this profile, you
don't work for Southwest -- period. Of course,
this isn't the only reason for Southwest's
phenomenal track record of success. But their
fanatical devotion to their brand personality
and the people who deliver it has played a
major role in their ability to maintain a
consistently strong brand image
concept of added value
• customers receive something that has value to
them.
• Added value can mean repeat customers, brand
loyalty and choosing your product over the
competition.
• Understanding the customer base and what is
important to them is key to deciding what can be
given to them that they will regard as a value.
Marketing mix strategies
Role of advertising
Role of advertising

Contenu connexe

Tendances

Advertising and marketing process
Advertising and marketing processAdvertising and marketing process
Advertising and marketing processIsma wajid
 
Advertisement ppt
Advertisement pptAdvertisement ppt
Advertisement pptarathymalz
 
Unit 2 Role of advertising and types of advertising
Unit 2 Role of advertising and types of advertisingUnit 2 Role of advertising and types of advertising
Unit 2 Role of advertising and types of advertisingNISHA SHAH
 
role of advertising
role of advertisingrole of advertising
role of advertisingshifa-aisha
 
Advertising Management
Advertising ManagementAdvertising Management
Advertising ManagementGURULAKSHMIR
 
Elements of good advertisement
Elements of good advertisementElements of good advertisement
Elements of good advertisementBonfire Ads
 
Introduction to Advertising
Introduction to AdvertisingIntroduction to Advertising
Introduction to AdvertisingNajmul Hoda
 
Advertising management
Advertising managementAdvertising management
Advertising managementMOHANRAMD
 
Chapter02 introduction to advertising
Chapter02 introduction to advertisingChapter02 introduction to advertising
Chapter02 introduction to advertisingNGUYEN DINH CUONG
 
Nature of advertising
Nature of advertisingNature of advertising
Nature of advertisingcorrynboyes
 
Advertising and its types
Advertising and its typesAdvertising and its types
Advertising and its typesLahari Rao
 
Welcome Into the world Advertisement
Welcome Into the world AdvertisementWelcome Into the world Advertisement
Welcome Into the world AdvertisementMohit Kr Singla
 

Tendances (20)

Advertising management
Advertising management Advertising management
Advertising management
 
Advertising and marketing process
Advertising and marketing processAdvertising and marketing process
Advertising and marketing process
 
Advertisement ppt
Advertisement pptAdvertisement ppt
Advertisement ppt
 
Unit 2 Role of advertising and types of advertising
Unit 2 Role of advertising and types of advertisingUnit 2 Role of advertising and types of advertising
Unit 2 Role of advertising and types of advertising
 
Advertising Management
Advertising ManagementAdvertising Management
Advertising Management
 
Introduction to advertising
Introduction to advertisingIntroduction to advertising
Introduction to advertising
 
Role Value Of Advertising
Role Value Of AdvertisingRole Value Of Advertising
Role Value Of Advertising
 
advertisement
advertisementadvertisement
advertisement
 
role of advertising
role of advertisingrole of advertising
role of advertising
 
Advertising Management
Advertising ManagementAdvertising Management
Advertising Management
 
Elements of good advertisement
Elements of good advertisementElements of good advertisement
Elements of good advertisement
 
Introduction to Advertising
Introduction to AdvertisingIntroduction to Advertising
Introduction to Advertising
 
Advertising management
Advertising managementAdvertising management
Advertising management
 
5 m's of advertising
5 m's of advertising5 m's of advertising
5 m's of advertising
 
The power of advertising
The power of advertisingThe power of advertising
The power of advertising
 
Chapter02 introduction to advertising
Chapter02 introduction to advertisingChapter02 introduction to advertising
Chapter02 introduction to advertising
 
Nature of advertising
Nature of advertisingNature of advertising
Nature of advertising
 
Advertising ppt
Advertising pptAdvertising ppt
Advertising ppt
 
Advertising and its types
Advertising and its typesAdvertising and its types
Advertising and its types
 
Welcome Into the world Advertisement
Welcome Into the world AdvertisementWelcome Into the world Advertisement
Welcome Into the world Advertisement
 

En vedette

En vedette (20)

The Roles Of Advertising
The Roles Of AdvertisingThe Roles Of Advertising
The Roles Of Advertising
 
Meaning and role of advertising
Meaning and role of advertisingMeaning and role of advertising
Meaning and role of advertising
 
Branding & advertising 5
Branding & advertising 5Branding & advertising 5
Branding & advertising 5
 
Advertising ppt
Advertising pptAdvertising ppt
Advertising ppt
 
Technology in the Physical Therapy World
Technology in the Physical Therapy WorldTechnology in the Physical Therapy World
Technology in the Physical Therapy World
 
Sortida món sant benet 2012
Sortida món sant benet 2012Sortida món sant benet 2012
Sortida món sant benet 2012
 
Mobile advertising overview - by Asif Ali, CTO, Mobile-worx at Momo Chennai
Mobile advertising overview - by Asif Ali, CTO, Mobile-worx at Momo ChennaiMobile advertising overview - by Asif Ali, CTO, Mobile-worx at Momo Chennai
Mobile advertising overview - by Asif Ali, CTO, Mobile-worx at Momo Chennai
 
Jingles
JinglesJingles
Jingles
 
Principle of Marketing : Branding
Principle of Marketing : Branding Principle of Marketing : Branding
Principle of Marketing : Branding
 
Jingles in Advertising - A History
Jingles in Advertising - A HistoryJingles in Advertising - A History
Jingles in Advertising - A History
 
Jingles
JinglesJingles
Jingles
 
Chapter15
Chapter15Chapter15
Chapter15
 
Chapter19
Chapter19Chapter19
Chapter19
 
Chapter11
Chapter11Chapter11
Chapter11
 
How to sell concept to a company
How to sell concept to a companyHow to sell concept to a company
How to sell concept to a company
 
ch1
ch1ch1
ch1
 
Ob12 01in
Ob12 01inOb12 01in
Ob12 01in
 
Chapter22
Chapter22Chapter22
Chapter22
 
Corporate social responsibility
Corporate social responsibilityCorporate social responsibility
Corporate social responsibility
 
chapter08
chapter08chapter08
chapter08
 

Similaire à Role of advertising

Successful strategies sales and marketing
Successful strategies   sales and marketingSuccessful strategies   sales and marketing
Successful strategies sales and marketingStephen Bibby
 
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DC
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DCIns & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DC
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DCWashington, DC Economic Partnership
 
stp model.pptx STP MODEL COMPLETE CHAPTER
stp model.pptx STP MODEL COMPLETE CHAPTERstp model.pptx STP MODEL COMPLETE CHAPTER
stp model.pptx STP MODEL COMPLETE CHAPTERadityaupadhayay999
 
Kotler summary pooja_goel
Kotler summary pooja_goelKotler summary pooja_goel
Kotler summary pooja_goelPooja Goel
 
Marketing-Strategy (1)(1).pptx
Marketing-Strategy (1)(1).pptxMarketing-Strategy (1)(1).pptx
Marketing-Strategy (1)(1).pptxarthits
 
23_24 MGMT6256 Marketing Helping Buyers Buy.pptx
23_24 MGMT6256 Marketing Helping Buyers Buy.pptx23_24 MGMT6256 Marketing Helping Buyers Buy.pptx
23_24 MGMT6256 Marketing Helping Buyers Buy.pptxBigrafTriangga1
 
Chapter-1Part-I-Marketing-Management.pptx
Chapter-1Part-I-Marketing-Management.pptxChapter-1Part-I-Marketing-Management.pptx
Chapter-1Part-I-Marketing-Management.pptxJerichoJacaII
 
Marketing Management (Summary)
Marketing Management (Summary)Marketing Management (Summary)
Marketing Management (Summary)amit9099
 
Marketing - Product Management
Marketing - Product ManagementMarketing - Product Management
Marketing - Product ManagementSurya Prajapat
 
CHAPTER 12 MARKETING FOR SMALL BUSINESS REPORT.pptx
CHAPTER 12 MARKETING FOR SMALL BUSINESS REPORT.pptxCHAPTER 12 MARKETING FOR SMALL BUSINESS REPORT.pptx
CHAPTER 12 MARKETING FOR SMALL BUSINESS REPORT.pptxSINCERELYJA
 
Unit one (marketing an overview)
Unit one (marketing an overview)Unit one (marketing an overview)
Unit one (marketing an overview)Naveen Sharma
 
Marketing Research and Advertising Campaigns
Marketing Research and Advertising CampaignsMarketing Research and Advertising Campaigns
Marketing Research and Advertising CampaignsVirtu Institute
 
Marketing meaning & concepts
Marketing  meaning & conceptsMarketing  meaning & concepts
Marketing meaning & conceptsPAWANGUPTA327
 

Similaire à Role of advertising (20)

Successful strategies sales and marketing
Successful strategies   sales and marketingSuccessful strategies   sales and marketing
Successful strategies sales and marketing
 
Marketing management
Marketing management Marketing management
Marketing management
 
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DC
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DCIns & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DC
Ins & Outs of Developing a Marketing Plan | DCSBDC | Doing Business in DC
 
Fashion marketing concepts
Fashion marketing conceptsFashion marketing concepts
Fashion marketing concepts
 
Mm15
Mm15Mm15
Mm15
 
stp model.pptx STP MODEL COMPLETE CHAPTER
stp model.pptx STP MODEL COMPLETE CHAPTERstp model.pptx STP MODEL COMPLETE CHAPTER
stp model.pptx STP MODEL COMPLETE CHAPTER
 
Kotler summary pooja_goel
Kotler summary pooja_goelKotler summary pooja_goel
Kotler summary pooja_goel
 
Marketing-Strategy (1)(1).pptx
Marketing-Strategy (1)(1).pptxMarketing-Strategy (1)(1).pptx
Marketing-Strategy (1)(1).pptx
 
23_24 MGMT6256 Marketing Helping Buyers Buy.pptx
23_24 MGMT6256 Marketing Helping Buyers Buy.pptx23_24 MGMT6256 Marketing Helping Buyers Buy.pptx
23_24 MGMT6256 Marketing Helping Buyers Buy.pptx
 
Marketing management
Marketing managementMarketing management
Marketing management
 
Chapter-1Part-I-Marketing-Management.pptx
Chapter-1Part-I-Marketing-Management.pptxChapter-1Part-I-Marketing-Management.pptx
Chapter-1Part-I-Marketing-Management.pptx
 
Chapter 13 - Marketing
Chapter 13 - MarketingChapter 13 - Marketing
Chapter 13 - Marketing
 
Marketing Management (Summary)
Marketing Management (Summary)Marketing Management (Summary)
Marketing Management (Summary)
 
Marketing for entrepreneurial ventures
Marketing for entrepreneurial venturesMarketing for entrepreneurial ventures
Marketing for entrepreneurial ventures
 
Marketing - Product Management
Marketing - Product ManagementMarketing - Product Management
Marketing - Product Management
 
CHAPTER 12 MARKETING FOR SMALL BUSINESS REPORT.pptx
CHAPTER 12 MARKETING FOR SMALL BUSINESS REPORT.pptxCHAPTER 12 MARKETING FOR SMALL BUSINESS REPORT.pptx
CHAPTER 12 MARKETING FOR SMALL BUSINESS REPORT.pptx
 
Unit one (marketing an overview)
Unit one (marketing an overview)Unit one (marketing an overview)
Unit one (marketing an overview)
 
Marketing Management
Marketing ManagementMarketing Management
Marketing Management
 
Marketing Research and Advertising Campaigns
Marketing Research and Advertising CampaignsMarketing Research and Advertising Campaigns
Marketing Research and Advertising Campaigns
 
Marketing meaning & concepts
Marketing  meaning & conceptsMarketing  meaning & concepts
Marketing meaning & concepts
 

Plus de Thamarai Selvi

Plus de Thamarai Selvi (11)

Types of advertising
Types of advertisingTypes of advertising
Types of advertising
 
Types of advertising
Types of advertisingTypes of advertising
Types of advertising
 
Terms used n forex
Terms used n forexTerms used n forex
Terms used n forex
 
Futures and forwards
Futures and forwardsFutures and forwards
Futures and forwards
 
Mutual fund
Mutual  fundMutual  fund
Mutual fund
 
Futures and forwards
Futures and forwardsFutures and forwards
Futures and forwards
 
Communication
CommunicationCommunication
Communication
 
Sebi
SebiSebi
Sebi
 
Credt rating
Credt ratingCredt rating
Credt rating
 
Life insurance
Life insuranceLife insurance
Life insurance
 
Barriers to communication
Barriers to communicationBarriers to communication
Barriers to communication
 

Dernier

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 MonthsIndeedSEO
 
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in OmanMifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Omaninstagramfab782445
 
Rice Manufacturers in India | Shree Krishna Exports
Rice Manufacturers in India | Shree Krishna ExportsRice Manufacturers in India | Shree Krishna Exports
Rice Manufacturers in India | Shree Krishna ExportsShree Krishna Exports
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...NadhimTaha
 
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...ssuserf63bd7
 
Cracking the 'Career Pathing' Slideshare
Cracking the 'Career Pathing' SlideshareCracking the 'Career Pathing' Slideshare
Cracking the 'Career Pathing' SlideshareWorkforce Group
 
Falcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow ChallengesFalcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow Challengeshemanthkumar470700
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperityhemanthkumar470700
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfwill854175
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel
 
Over the Top (OTT) Market Size & Growth Outlook 2024-2030
Over the Top (OTT) Market Size & Growth Outlook 2024-2030Over the Top (OTT) Market Size & Growth Outlook 2024-2030
Over the Top (OTT) Market Size & Growth Outlook 2024-2030tarushabhavsar
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityEric T. Tung
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizharallensay1
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwaitdaisycvs
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon investment
 
TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdf
TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdfTVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdf
TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdfbelieveminhh
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Timegargpaaro
 

Dernier (20)

SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 MonthsSEO Case Study: How I Increased SEO Traffic & Ranking by 50-60%  in 6 Months
SEO Case Study: How I Increased SEO Traffic & Ranking by 50-60% in 6 Months
 
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in OmanMifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
 
Rice Manufacturers in India | Shree Krishna Exports
Rice Manufacturers in India | Shree Krishna ExportsRice Manufacturers in India | Shree Krishna Exports
Rice Manufacturers in India | Shree Krishna Exports
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
 
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
 
Cracking the 'Career Pathing' Slideshare
Cracking the 'Career Pathing' SlideshareCracking the 'Career Pathing' Slideshare
Cracking the 'Career Pathing' Slideshare
 
Falcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow ChallengesFalcon Invoice Discounting: Aviate Your Cash Flow Challenges
Falcon Invoice Discounting: Aviate Your Cash Flow Challenges
 
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
!~+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUD...
 
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabiunwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
unwanted pregnancy Kit [+918133066128] Abortion Pills IN Dubai UAE Abudhabi
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
Arti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdfArti Languages Pre Seed Teaser Deck 2024.pdf
Arti Languages Pre Seed Teaser Deck 2024.pdf
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
Over the Top (OTT) Market Size & Growth Outlook 2024-2030
Over the Top (OTT) Market Size & Growth Outlook 2024-2030Over the Top (OTT) Market Size & Growth Outlook 2024-2030
Over the Top (OTT) Market Size & Growth Outlook 2024-2030
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al MizharAl Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
Al Mizhar Dubai Escorts +971561403006 Escorts Service In Al Mizhar
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
 
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pillsMifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdf
TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdfTVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdf
TVB_The Vietnam Believer Newsletter_May 6th, 2024_ENVol. 006.pdf
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 

Role of advertising

  • 1. Role of advertising in Marketing
  • 2. syllabus • Introduction to marketing- Meaning-Definition- concept of branding- concept of added value. Key players and markets- marketer, suppliers and vendors, distributors and retailers, types of markets. Marketing process- marketing research, Strategic research process – Evaluative research process – Message Development research – Strategic planning – The Advertising Plan. Key strategic decisions- Segmentation, Targeting, Positioning strategy of tourism product. Marketing Mix strategies- product, distribution, pricing, marketing communication and personal sales, marketing strategy evaluation
  • 3. Marketing? • “A social and managerial process by which individuals and groups obtainwhat they need and want through creating and exchanging products and value with others” - Philip Kotler It is the way a product is designed, tested, produced, branded, packaged, priced, distributed and promoted.
  • 4. Why markets were created? Scarcity of raw materials, specialisation of labour and consumption satisfaction. Marketing concept? An approach that suggests marketing should focus first on identifying customers needs and wants than finding ways to sell products.
  • 5. Two steps in marketing concepts 1. Determine the needs and wants 2. Create solutions (develop, manufacture,market and servive goods) Both steps are used in advertising planning through consumer research and understanding consumer decision making
  • 6. Evolution of marketing • Stages 1.Production era 2.Sales era 3.Marketing era 4.Relationship era
  • 7. Key players • Marketer • suppliers and vendors, • distributors and retailers
  • 8. “Value proposition” • set of benefits the marketing people promise to the consumers.
  • 9. What does marketing offer? • Products • Services • Information • Experiences and events
  • 10. Examples ====== Persons – celebrities, models, film stars, cricketers, bussinessmen, politicians ,,…. States and countries (tourism) Organisations (before issue of shares, building public image) Information --- news channels, Microsoft Encarta (an encyclopedia) Ideas --- enhancing sociability after use of a product (Lux, fairever) Experiences and events – recreation and enjoyment (theme park, exhibitions, trade shows)
  • 11. Types of markets 1. Consumer markets 2. Bussiness markets 3. Institutional (non profit) markets (schools,religious and charitable orgns) 4. Govt markets – PWD, irrigation, defense,… 5. Global - pepsi, coke, HP, P&G,… 6. Meta markets – offers a cluster of complimentary products/ closely related products – normally available through different company/ industry. Making available through single source. e bay --- for buying a new/ used car – from magazines ads … insurance, financing, mechanics,…..to service centres
  • 12. Marketing process/ Strategy - 1. Annalysing market opportunities 2. Selecting target markets 3. Developing marketing mix 4. Managing marketing effort (diagram sent thru watsapp!)
  • 13. Marketing research process • Choose a problem • Review the literature • Evaluate the literature • State the research question or hypothesis • Select the research approach • Determine how the variables are going to be measured • Select a sample • Select a data collection method • Collect and code the data • Analyze and interpret the data • Write the report • Disseminate the report
  • 14. Strategic research process 1. Understanding Consumers • Most successful products and brands start with a focus on consumers., who will decide the ultimate success or failure of any market introduction. Just "know your customer" means more than just gathering data. It means recognizing customers as a dynamic, evolving force. It means developing a "gut feel" that helps you think like they do, that helps you anticipate how they'll change and how they'll stay the same. One can't constantly be testing at every decision point, so companies have to learn to think like they think. There are many approaches to understanding consumers. The best offer a "real world" perspective, focusing on people's behaviors, attitudes and environments.
  • 15. Strategic research process (contd) 2.Investigating market • Fully understanding a key topic or market is an excellent way to start a project. These investigations can provide fundamental knowledge about opportunities prior to investing significant time and money in product development. Market mapping, demand estimation and feasibility studies are essential. The shared learning and guidelines from these investigations can establish a common language and viewpoint particularly important for collaboration and team building.
  • 16. Strategic research process (contd) 3. Developing concept • There are millions of good ideas that are developed into thousands of products and services every year. Most of them fail, miserably. Many of them could succeed if they just got the details right. But, in an effort to get to market quickly or to conserve money, product developers often skip research or do only cursory studies with a few consumers. Product development research can be very efficient and very cost effective, particularly when you compare it to the cost of failure.
  • 17. Strategic research process (contd) • In an ever-dynamic market what success takes is more than a good idea. It requires the development of a strong, unique personality that grabs attention and motivates customers. It requires the right mix of features and benefits and the right balance of price and value.
  • 18. Strategic research process (contd) for development / growth of a product/ service • Refining product/ service • Positioning • Naming • Visual identity • Communication • Packaging • Advertising • Merchandising • Relationship
  • 19. Advertising plan? • Detailed outline of a firm's or a product's advertising campaign which shows what are the advertising objectives, how they will be achieved, and what commitment of resources is required.
  • 20. How to do an advertising plan? 1. Create or review your business plan. marketing objectives, along with financial, website support and a calendar of company objectives. Review your broader marketing timeline and goals for marketing team. 2. Review your marketing plan. The marketing plan takes into account all modes of business strategy to increase sales, 3. Create an advertising strategy i. Increase awareness of a new product ii. Reach new demographic iii. Increase market share iv. Increase brand awareness v. Slow downward trend in sales 4. Propose your advertising strategy to your advertising agency or department 5. Establish the duration of the plan and the budget
  • 21. Mass marketing? • Offering same product and marketing mix to all consumers. • Henry Ford” in any colour they wanted, as long as it was black” • Coca cola – initially sold in bottles of same size. • Useful when all consumers are alike.
  • 22. Segmentation • “Process of dividing markets into various sub groups, with distinct needs, characteristics and behaviour, who might require separate products or marketing mixes” - Philip Kotler
  • 23. Targeting • Target market – consists of buyers of a set of buyers who share common needs or characteristics. • It’s done in 4 levels
  • 24. • 4 levels of target marketing: 1.Mass /undifferentiated marketing (coca cola, Ford’s ‘T’ model) 2.Segment/ differentiated marketing (hope for higher sales and stronger position in each segment) GM – “A car for every purse, purpose and personality”. Nike shoes - - for running, golf, cycling , basketball. P&G - - 8 brands of laundry detergents.
  • 25. 3.Niche/ concentrated marketing (small but profitable market segment). Features : i. A narrowly defined customer group looking for distinctive set of benefits. ii. Identified into dividing sub segments. iii. premium pricing iv. Not likely to attract competitors v. Economies of scale through specialisation vi. Good profitability and growth potential. (Shahnaz Hussain’s cosmetic herbal products,) (Logitech – mouse for left and right handed people, optical, cordless and 3D mouse,,,)
  • 26. • 4. Micro/local/individual marketing • Practice of tailoring products and marketing programmes to suit the needs of specific individuals and locations or stores. • One to one marketing/ customised marketing • Mass customisation – a process through which companies interact on one to one basis with customers. (dell computers, Levi – Strauss jeans (Levi Original Spin)
  • 27. Positioning • ‘The results of your campaign depend less on how we write your advertising, than how your product is positioned’ ---- David Ogilvy Position is a perception it brings about in the minds of the target customer reflecting it’s functional / non functional benefits in the minds of customer
  • 28. Positioning … contd • Better to be first than late ::::::: McDonalds, ThumsUp, Amul, Xerox…. Still in the minds. • If not first… create a new category by making even a small change in marketing mix elements. ( AIWA, AKAI, Maruthi Udyog) • To reposition --- should know Competitors strengths and weakenesses (Britannia - "Eat healthy, think better!"/ Tata Nano/ Shaktiman from Parle G)
  • 29. Segmentation, Targeting, Positioning strategy of tourism product • Segmentation is the 1st step. Segment into homogeneous clusters. Select one or more segments to target. • Target market is the 2nd step. Process of evaluating each segment’s attractiveness and selecting one or more segments to enter, using different marketing mix to different segments. • Positioning 3rd step. Arranging for a product to occupy a clear, distinctive, desirable place relative to competitive products.
  • 30. Types of segmentation • Geographic • Demographic • Psychographic • Behavioural
  • 31. Targeting, Positioning strategy of tourism product
  • 33. Branding ? • Branding refers to the concrete symbols (a name, logo, slogan, design, fonts, color scheme, symbols and sound for easy identification of the product) • It helps to differentiate one product from another. • The American Marketing Association defines a Brand as "A name, term, design, symbol or any other feature that identifies one seller's goods and services as distinct from those of the other sellers".
  • 34.
  • 35. • The new logo cost Pepsi $1 million. • They hired Arnell Associates to come up with it • As a result, Pepsi had to spend millions more to rebrand everything. • Then Arnell’s 27 page document was leaked and it was entitled, “Breathtaking Design Strategy.” • It proposes that the new logo is some sort of Da Vinci Code. • The logo draws on Feng Shui, the Renaissance, the earth’s Geodynamo, the theory of relativity, and much more
  • 36. BRAND MANAGEMENT It is an art of creating and maintaining a brand. "A Brand that captures your mind gains behavior. A brand that captures your heart gains commitment“ - Scott Talgo
  • 37. BRAND RECOGNITION • If a brand is widely known in the market and minds of the consumer it is termed as Brand Recognition.
  • 38. ????????????? Brand!!!!!!!! • "Why",,,,, she asked "did you put two x's in Exxon", • "Why ask", he asked • "Because", she said, "I couldn't help noticing", • "Well", he responded, "that's the answer".
  • 39. These three concepts • brand promise • brand attributes • brand personality
  • 40. Brand Promise • A commitment made to prospects and customers. It answers the question on every customer's mind • "If I engage in a relationship with you, your product or your company, what can I expect?" • The answer to this question must address the big problem solved or the compelling need fulfilled • Companies with the clearest brand promises have the strongest brands. And the simplest idea is often the most powerful • A set of differentiating promises that link a product to its customers
  • 41. Eg – brand promise
  • 42. • 1.The safest cars in the world ? • 2. Frequent, low cost flights ? • 3. Everyday low prices ? • 4. Fun entertainment for the whole family ? • 5. Advanced processors with continually improving cost and speed performance ? • 6. A unique coffee experience ? • 7. Low cost computers with minimal hassle ? • 8. Time-certain delivery ? • 9. Refreshment ?
  • 43. Answers ….. • 1. Volvo • 2. Southwest Airlines • 3. Wal-Mart • 4. Disney • 5. Intel • 6. Starbucks • 7. Dell • 8. Federal Express • 9. Coke
  • 44. Brand Attributes • Include all the unique ways you deliver brand promise. • These comprise the feature set that describes the customer's experience with the company. • Common attributes might include your unique versions of quality, customer service, innovation and flexibility
  • 45. Brand Personality • Brand personality has to do with the emotional connection people have on a brand. • It manifests itself in many different ways. It can be portrayed in the pictures and visual imagery of the brand or it can be communicated in the "tone" or "voice" of the communication
  • 46. Contd…… • Often a company's brand personality matches the customer's self-perception of their own personality or a personality they aspire to. • Common brand personalities include ruggedness, sophistication, excitement, competence or sincerity.
  • 47. • Southwest Airlines, knows that their employees directly reinforce their brand personality. they hire only those people whose personalities exactly matches a carefully defined profile: • A commitment to customer service • Self-motivated and energetic personality • Team-oriented/ Ability to work equally well alone or with others • Sense of humor/ Positive attitude
  • 48. • Flexibility to work in a dynamic, fast-paced environment • Statistically, it is easier to get into Harvard University than it is to get a job at Southwest Airlines. If you don't match this profile, you don't work for Southwest -- period. Of course, this isn't the only reason for Southwest's phenomenal track record of success. But their fanatical devotion to their brand personality and the people who deliver it has played a major role in their ability to maintain a consistently strong brand image
  • 49. concept of added value • customers receive something that has value to them. • Added value can mean repeat customers, brand loyalty and choosing your product over the competition. • Understanding the customer base and what is important to them is key to deciding what can be given to them that they will regard as a value.