Integrated Marketing Communication - Analysis and Practices
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This report analyzes the segmentation, persuasion tools, current advertisement, and IMC practices of Procter & Gamble. The report also discusses the Oral-B brand and its IMC strategies.
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RUNNING HEAD: INTEGRATED MARKETING COMMUNICATION1 INTEGRATED MARKETING COMMUNICATION Student Name Institute Name Contents
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INTEGRATED MARKETING COMMUNICATION2 Identification and analysis..........................................................................................................3 Segmentation..............................................................................................................................3 Persuasion Analysis...................................................................................................................4 Analysis of current advertisement..............................................................................................5 Current IMC practices................................................................................................................5 Reference....................................................................................................................................7
INTEGRATED MARKETING COMMUNICATION3 Identification and analysis Segmentation Roy Morgan called his model of segmentation which can be defined as the innovative structure of market segmentation which goes way beyond the demographics as well as psychographics in order to test the values system, mindset as well as approaches that encourage the consumer behaviour (Viana, 2017). The concept of value segments that can be utilised to drill it further, proper profiling of the leisure operations of people with preferred brands as well as media consumption. The report will discuss the Procter & Gamble organization which is also called P&G, producers as well as sells consumer focussed package products. The organization have five main business segments which are mentioned below: - 1.Home care and Fabric Care 2.Family care, baby and feminine 3.Grooming 4.Beauty 5.Healthcare Every segment of the company has its own set of international organization units or GBU. GBU is important product sections within every segment. For instance, the beauty care and beauty segments, colour as well as beauty care and salon professional and many more. Products like Head & Shoulder, Wella, Pantene and Olay which are considered as the most popular brands in the segment of beauty (Flohr, 2015). All these brands are considered as megabrands and every earning revenues make one billion dollars each year. The brands face competition from international brands like Estee Lauder and COTY in skincare as well as cosmetics. There are other companies as well like Unilever which give tough competition with brands like AXE and TRESemme and Dove and Vaseline. Olay along
INTEGRATED MARKETING COMMUNICATION4 owns 8% of market internationally which makes it popular facial skincare range worldwide. In addition to world competition, domestics or competition from the mass market has also enhanced in beauty section (Flohr, 2015). Persuasion Analysis Following is the seven persuasion tools in connection with Procter & Gamble: - 1.Persuasion with the help of simplifying: reduction: people, in general, have the tendency to finish a simple work (Lovell, 2015). Like for example, in a company like Procter & Gamble which is FMCG company and has a huge market worldwide, the best thing about the company is its distribution channels so that products can be easily found in any small grocery store as well. People will more like to buy it from anywhere because it is easy. 2.Tunnelling: Guided persuasion: there is a number of products offered by the company which have a captive audience, because of which people tend to buy more of same product time and again (Bondrea and Stefanescu-Mihaila, 2014). Dependency like this guide the customer to buy more in the similar product range. 3.Tailoring: persuasion via customization: the company in this time and age of online shopping and massive customer expectation is also trying to alter the product as per the taste and preferences of the company. 4.Suggesting: interfering at the right time: in skin care and beauty range, the company is hiring experts who provide suggestion at the right time so that the customer can buy right product at the right time. 5.Self-monitoring: the method used for self-monitoring consist of many steps from the company. This tool is not the part of Procter and Gamble. One data-based arrangement tools that consist of self-monitoring is the usage of facets.
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INTEGRATED MARKETING COMMUNICATION5 6.Surveillance: persuasion with the help of observation: communication with customer care is normally monitored. It is also obvious that the employees at the call centre are well aware of it as well. It is important for the company to have a right kind of surveillance system since it will help in supervising the actions and taking corrective measures wherever required. 7.Conditioning: target behaviour through reinforcement: a positive kind of reinforcement for the company is that so many consumers across the world are consuming the products of the company. Analysis of current advertisement The company P&G is a big brand for the number of years and considered one of the biggest advertisers and the organization which also mention many strategies in marketing. The company was the first organization to advertise on many nation specific platforms like US customers and actually developed the concept of soap opera in the US with the sponsorship of radio and TV drama as well as also targeting women (Schmidt, 2016). Other cases consist of toothpaste like Crest and the detergent like Tide and disposable diapers like Pampers. The company lost it touch in the twentieth century but in early 21stcentury new management tried to bring everything back on track with the purchase of Wella and Clairol and renewed attention on all core products. Also, P&G demonstrated the strength by acquiring brand like Gillette and delivering strong development and entry into beauty segment (Eades and Eades, 2017). Current IMC practices To explain IMC strategies of P&G better, their popular brand Oral-B will be taken which was considered as a global leader. The brand consists of many variants of different sections of life. At the same time, the brand also consists of oral care centres, products like dental floss
INTEGRATED MARKETING COMMUNICATION6 and oral irrigators (O'guinn et al., 2014). It is important for the brand to have an effective mix of IMC strategies in this product with wide usage of toothbrushes by doctors worldwide. Right before the introduction of IMC, the company practices consist of the dependence of market data via bigger segments that actually dominate the market. This becomes the part of the market as one path feed. But with the integration of IMC mix, the global brand manager at Oral-B will mainly depend on the corporate budget to announce the turnover of sales in order to get the important market to invest in and another one to segment ahead (Ottman, 2017).
INTEGRATED MARKETING COMMUNICATION7 Reference Bondrea, A.A. and Stefanescu-Mihaila, R.O., 2014. THE TWILIGHT ZONE OF CONSUMERS'BRAINS. THE RELEVANCE OF EXPENDITURE ON ADVERTISING ON MICRO AND MACRO LEVELS.Contemporary Readings in Law and Social Justice,6(1), p.491. Eades, K.M. and Eades, K.M., 2017. Procter and Gamble: Cost of Capital.Darden Business Publishing Cases, pp.1-16. Flohr, A., Procter and Gamble Co, 2015.Superabsorbent polymers comprising direct covalent bonds between polymer chain segments and methods of making them. U.S. Patent 9,125,965. Lovell, K., 2015. Advertising in the Age of Persuasion: Building Brand America, 1941‐1961 Dawn Spring. New York: Palgrave Macmillan, 2011.The Journal of American Culture,38(2), pp.148-149. O'guinn, T., Allen, C., Semenik, R. and Scheinbaum, A.C., 2014.Advertising and integrated brand promotion. Nelson Education. Ottman, J., 2017.The new rules of green marketing: Strategies, tools, and inspiration for sustainable branding. Routledge. Schmidt, K., 2016. Standardization of International Advertising Strategies: A Content Analysis of Pantene Pro-V.Elon Journal of Undergraduate Research in Communications,7(1). Viana, P.M.F., 2017. SEMIOTICS OF BRAND OF PROCTER & GAMBLE PRODUCTS IN A BRAZILIAN MOVIE.TICS, p.726.
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