This report discusses the different marketing channels and the need for integrated marketing communications. It explores various types of marketing communication channels and their objectives. It also provides insights into the marketing communication plan for GoPro Sports Camera Company.
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Integrated Marketing Communications
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Table of Contents INTRODUCTION.......................................................................................................................................3 Part 1...........................................................................................................................................................3 Discuss the different marketing channels and need for integrated marketing communications...................3 Various types of marketing communication channels.................................................................................4 Discuss communication objectives for a organization situation...................................................................7 Justification for selection and integration of communication channels........................................................9 Part B...........................................................................................................................................................9 Marketing, communication plan that effectively meets communication objectives.....................................9 Evaluation of the marketing communication plan.....................................................................................14 CONCLUSION.........................................................................................................................................15 REFERENCES..........................................................................................................................................16
INTRODUCTION Marketing communication is defined process of making consumer aware of goods and services using various techniques. This process helps business to increase their brand value and profitability. It helps business to communicate a message about their their brand or product and services in order to make their consumer aware of their product and increase their productivity, it is also help in increasing customer base across the city. The main objective of marketing communication is to create and increase the demand for product and services among the targeted customers and also to enhance the brand image. In this report GoPro Sports Camera Company is taken as the base company. The GoPro sports Camera Company is an American company founded in 2002 by Nick woodman. The company manufactures its own camera the main focus of the company is mainly connecting the sports genre by manufacturing its action cameras. In thisreportcoversthevariousmarketingchannelsandneedforintegratedmarketing communicationtomakeconsumerawareoftheproductandservicesalsothevarious communication objectives for a mentioned organizational situation. In addition to this the analysis or the justification for the selection and integration of various communications is also highlighted in this report. Furthermore the marketing communication plan which helps in meetingcommunicationplanisalsoexplainedalsoproperevaluationofmarketing communication plan is also done. Part 1 Discuss the different marketing channels and need for integrated marketing communications Marketing communication plays an important role in informing consumer aware of the product and services, integrated marketing communication helps business to transfer their marketing message to the targeted audience using various marketing communication channels (Blakeman, 2018). The main aim of integrated marketing communication channel is to ensure continuous flow of important communication between buyer and seller and effective use of communication channels in order to enhance their productivity and profitability(Chaffey and
Smith, 2017). In context to GoPro sports Camera Company, marketing communication plays an important role in smooth flow of communication between the company and their potential customers, it helps in advertising their products in the market, the marketing manager of the company makes sure that large number of customer base is attracted towards their brand, the main focus of the company’s marketing manager is to enhance company’s productivity and productivity. There are various type of marketing communication channels available which can helps company in achieving communication objectives. Various types of marketing communication channels Marketing communications channels is a method though the company communicates with their potential customers about their product and services and increases their brand value, this function helps in building brand image and improving customer relationships. Marketing communication is one of the most effective ways to increase sales of the company and to convert potential customers into the final customers. Various type of marketing communication channels in context to the chosen company are as follow: Personal communication channels:It is defined as the process of connecting with two or more persons directly, face to face, person to person using various methods like telephone, email. Personal communication channels helps in interacting with individuals directly, it allows direct flow of communication. The various personal communications channels in context to the company are as follow: Face to face marketing:This process involves where the product and services is directly marketed to the customers, it is the process of making consumer aware of the product and services and making them aware of the brand value directly(Dolanand Goodman, 2017). This type of marketing channel helps in building strong relationship between the business and their customers and also this type of marketing communication channel helps in getting direct feedback from the customers then accordingly they can fulfill their needs and requirements. In context to the GroPro Sports camera company can use this method to directly connect with their customers.
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On the phone marketing:This is the type of marketing communication channel where the marketing manager communicates with their customers with the use of smart phone(Englund and et. al., 2020). With the growing use of technology this type of communication channel is becoming more and more convenient for both the parties to involve in the marketing activities as use of Smartphone provides flexibility for marketer to promote their their brand among their targetedaudiencemoreconviently.In contexttothechosen, companyhastheirmobile application which allows marketer to communicate their marketing objectives to the audience and customers can easily get informed about their products using their mobile application. From the above discussion it is analyzed that company has their own mobile application which allows customers to directly connect with the company, company is actively involved in the phone marketing to increase their sale. Using face to face marketing help company to build personal relationship with their potential customers. Nonpersonalcommunicationchannels:Thistypeofmarketingcommunication channel involves transfer of marketing message from seller to buyer in order to make them informed about the brand and enhance their productivity and profitability without any personal contact between both the parties. The different type of non personal communication channels involves online media and display media in detailed explained below: Online marketing communication: One of the most commonly used non personal forms of marketing communication channel is online marketing communication channel(Hongcharu, 2017). Under this form of marketing communication channel the marketing manager uses various online tools like email, company website, and online social networks to create their brand awareness and to make consumer informed about their product and services. In context to GoPro Sports camera company, they are mainly focusing ondirect to consumer marketing strategywhich is their top social marketing strength also enhancing their profitability. Company is effectively using different social media accounts like Instagram, face book, YouTube and twitter actively in order to directly interact with customers. With growing popularity of social media company over the last one year company has gained more than 1.5 million new social followers maintaining their growth on the Instagram. Company allows its customers to post their reviews and company related contents on their social media accounts in order to increase their brand awareness and also to increase their sales.
Display media marketing: It is the process of marketing company’s product and services using tools like billboards, signs and posters. This type of marketing channel is mainly used to cover large area of audience, using this methods helps marketing manager to inform large number of audience about the product and services(Kerr and Kelly, 2017). In context to the chosen company, billboard is mainly used as the marketing channel. Billboard is a big outdoor form of promotional activity used across the city where number of audience can be targeted by the company. GoPro Sports Company is using billboards across the city to make their target customers informed about the product and services. Display media marketing communication channel is an expensive promotional activity as using billboards across the city involves huge cost for the marketing manager. Even though it is an effective tools of marketing Channel Company can use use posters and signs across the city to enhance their productivity and profitability. Broadcast media marketing:Another type of online marketing communication channel is broadcast media marketing this type of marketing involves making consumer aware of the products and services using marketing communication tools like television and radio(Krasyuk and et. al., 2017). It is one of the most commonly used forms of marketing communication tool used by the company. In context to the GoPro sports camera, company is not actively using this type of marketing communication channel as with growing use of social media Technology Company is more involved in the social media marketing rather than on broadcast media marketing. Also this type of marketing communication channel requires huge amount cost and efforts to be carried and also they does not involve any kind of direct response from the customer’s side. From the above discussion it is analyzed that company is effectively using online marketing communication channels, company is actively present on various social media platforms like Instagram, Face book, Twitter and Youtube in order to directly connect with their customers. With growing use of social media technology company is not actively engaged in the broadcast media marketing which can help company to cover large area of customers. Effective use of non personal communication can help company to enhance their productivity and productivity effectively and efficiently.
Discuss communication objectives for a organization situation The integrated marketing communication is defined as the process of making consumer informed about the product and services using various services also to increase the brand value (Luxton, Reid and Mavondo, 2017). Integrated marketing communication is one of the most effective marketing tools used by the marketing manager in order to promote their product and services. In context to GoPro sports Camera Company is using communication plan to inform their potential customers about their product and services. Business situation GoPro sports camera is one of the top American company manufacturing action cameras, the main focus of the company is to unite the sports variety and developing its line of various action cameras. The company aims at proving the best quality action cameras to its customers and satisfies their needs and requirements. The company carefully evaluates the market and needs of its customers and various takes corrective actions in order to satisfy their needs and wants. With the increasing competition in the market place company can face competitive disadvantage in the marketplace which will reduce their efficiency and productivity and will also reduce their productivity. One of the biggest competition company can face is from its competitors like canon company, Leica camera, Sony, Samsung electronics and Power vision technology group and so on. Due to increasing competition, profitability of the company can be reduced. So in order to maintain their profitability company can use various strategies can develop a proper communication plan. The communication plan helps business in achieving g communication objectives of the business. Communication objectives: GoPro camera company main objective is to communicate with their customers about their product and services, company is actively involved in social media marketing, the main objective of the company is to effectively communicate their marketing objectives to their target audience smoothly using advance technology, creative marketing communication ideas and through effective channels. The main focus of the company is to increase their productivity and profitability. In order to communicate their communication objectives company can use SMART objectives, SMART is an acronym for specific, measurable, achievable, relevant and time bound.
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These objectives help company to carefully evaluate and measure their goals and objectives effectively and efficiently. In context to the company, using SMART objectives can help them in increasing their sales and also improving their performance. In detail the SMART objectives are explained below: SMART objectives Specific:The specific objectives is defined as the process of specifying the objectives clearly and specifically, the main focus under this category is to clearly specify what is needed stated by the marketing manager ( Mogaji and Yoon, 2019). It is defined as the process of clearly defining what is needed, it is evidently specifying what objective needed to be attained by the company. Measurable:The next step is measurable, once the objective is specified then it should be carefully monitored, under this step marketing manager carefully analyze the situation and then monitors the progress.It includes measuring the progress and also analyzing when the goals has to be attained, marketing manager continuously measures customers satisfactions, and level of competition present in the marketplace. Achievable:Under this step the marketing manager ensures the use of various marketing communication strategies in order to achieve objectives, it includes effective use various marketing tools so that the objectives can be achieved effectively and efficiently. Relevant:This step includes the process of concentrating on results instead of ways of achieving them (Olomu, 2019). Under this marketing manger focuses on the outcomes of the situation rather than how the situation was carried out. Outcome of the achieved objectives is given majority of focus under this step. Time bound:The last step is time bound. This step defines under what time period the result will be achieved by the organization, the marketing manger carefully outlines the total time frame under which the desired results will be achieved by the company.
Justification for selection and integration of communication channels. Inordertocommunicatemarketingobjectivestothetargetaudience,various communication channels can be used by marketing manager of the company. Some justification for the selection and integration of communication channels are as follow: It is analyzed that company is that company is using face to face marketing communication channel more effectively, using this method can help company to build strong personal relationship with their targeted customer also will help company to directly connect with their customers. Also company needs to effectively use their display media marketing as it will help them in covering mass customer areas across the city also increasing their customer base outside the city (Pato and Kastenholz, 2017). It is analyzed that the main focus of the company is direct to consumer marketing, so in order to continue to gain competitive advantage company needs to maintain their social media marketing game strong and competitive. Effective use of personal communication channels allows company to directly interact with their customers and build a strong relationship with them. Also another encouraging thing for the company to use personal communication channels is that it will allow company to get direct feedback from the customers about the product and services and can accordingly fulfill their needs and requirements. It is also justified that company needs to focus more on the non personal communication channels such as online marketing communication with growing social media user company can increase their customers base. Part B Marketing,communicationplanthateffectivelymeetscommunication objectives Marketing communication plan is a strategy which used in communicating the message and information about the goods and services with the target audience(Repovienė, 2017).
Organization activities starts from business plan which leads in making of marketing plan, the developing marketing communication plan and finally the communication plan. Marketing plan is considered as the starting point of the marketing communication as it helps in identifying the resources to achieve goals of marketing and communication plan describes the reason for the involvement. It includes a detailed planning to create awareness of the product and service which enhance their productivity(Rowles, 2017). Marketing communication plan helps in maintaining the brand image of the organization on every channel and drives the business growth by delivering value to their potential customers. It also tells provide customers a reason to buy from the organization. It ensures that communications are measurable which helps in describing the success of the organization. The main aim of creating marketing communication plan by the market manager is to create awareness about the product to the people. In context to the selected organization, they are planning to launch a new product in the market and its marketing communication plan is mentioned below- Step1: Objectives:It is important for every organization to make plan for achieving goals and objectives and the strategies to attain those goals. The firm can apply SMART objectives which help in building their brand and its image in people’s mind. It also allows managers and employees to create, track and accomplish short term and long term goals for improving performance, increasing productivity as well as profitability(Šerić, 2017). The marketing manager creates a marketing communication plan and their objective is to increase awareness about the launch of the organization’s collection and it also helps in increasing the customer base. In context to the selected organization, the SMART objectives are mentioned below- Specific:It is use to ensure that objective and goals of an organization is clear. Unclear objectives can lead to disaster in the organization and decrease on the productivity. The objective should be specific and stretching. The selected company is planning to increase its sales by 15 % using marketing communication strategy for the new launch product. Measurable:It includes selecting what will be measured for improving the progress and knows when the goals have been attained. GoPro measure its customer satisfaction and the level of competitors that are currently present in the market.
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Achievable:It includes use of carious marketing communication strategies to achieve the objectives and goals(Taecharungroj, 2017). The selected organization targets their audience by using various communication tools that helps in delivering information to the people. Relevant:For defining relevant goals, it is required to measure the scope of the potential associate within the organization. Relevant goals can only be achieved if everything is in right place and using resources that are going to help in achieving the goals. GoPro cameras are popular among people which help in increasing of sales of the products by 15%. Time bound:It is considered as the most important factor as the objectives should be achievable with in a stipulated time period. The development of schedule helps in completing the goals within given time. In reference to the selected organization, they offer a wide range of products that are easy to use and they are hassle free. The newly launched product has tag lines“MORE RESOLUTION” and “MORE EVERTHING” which represents some certain up gradation in resolution of the camera and their target audience are professional or leisure athletes, travelers and photographers. Step2: Communication channel:Communication channel refers to a medium in which the information is share from sender to receiver. The aim of marketing communication plan is to make sure that the audience can be informed about the products that they have and also they are going to launch. GoPro uses different type of communication channels for providing information and details to their audience about their company and its products. The company uses social media marketing to cater a pool of people such as youtube which enables them to post their video about their camera and it’s working. The video made my GoPro camera are posted on social media so that people can identify the quality that they are offering. They also use posters and billboards for representing the information about the products which can be easily attract the customers. The company uses direct to consumer approach in which they sell their product directly to the customer without using any third party or middlemen. Many people who are using GoPro cameras post and advertise about their cameras which enable other person to know about the product.
Step3: The message source:The message and information provided to the customers through different platforms create impact on targeted audience for their purchase(Tandoh, 2020). The company mainly advertises through social media which helps in catering a pool of people. They also try to connect many influencers on social media which helps in advertisement of their product. Influencers on social media had a good number of followers that can easily capture the attention of people and also helps in creating brand image in the market. To target more number of people and increase their sales, the company can use other communication tool for giving information such as television which can allows for targeting large number of people. Television is a great source of sharing message about the company and products and services. Furthermore, they can also share message through campaigns in different location for advertisement which can target a great number of people. Step4: The total promotions budget:The total promotion budget refers to the amount of money that is required for promoting the products to cater the people in order to carry out the business activities. The budget is the total cost that an organization and for estimating the total budget. The organization’s most challenging decision is to decide how much money will be required for conducting promotions of the product and company. In reference to the selected company, the total promotion budget of the company is $1500 and the different type of methods for setting up the total budget or advertisement which are mentioned below- Affordable method:Affordable method is generally used by small organization for promotion where they set the promotion budget at a level of management where the company can afford(Taufique, 2020). The company deducts the operating expenses and capital outlays from the total revenue and the resulting amount is used in advertisement. Percentage of sales method:This method is considered as the simplest method for setting the promotion budget. The percentage of sales method is done by setting up the promotion budget to a particular percentage of current or predicted sales. This method which helps in linking the connection between promotions spending, selling price and
profit per unit but it can lead to a wrong relationship mindset which will result in long term planning for promotion budget. Competitive parity:Competitive parity method is considered as copying the promotion budget of the competitors for implementing on own company. This method is used for monitoring the competitor’s advertising activities. However, it is not necessary that the competitor has better image in the market as each organization has different image and promotion strategies to capture the market. And using the competitor promotion activities and budget may leads to fall in sales and profitability. Objective and task method:The selected organization can develop promotion budget by defining the specific promotion objectives that describes the reason for advertising (Yoon, Choi and Taylor, 2021). Then second is determining the tasks that are needs to achieve the objectives where it will tells the different tasks that are required to be done in order to promote and at last, estimating the cost that are required for executing the tasks that makes the promotion budget. The budget which is prepared is not based on previous sales amount which is spend on the marketing and also not based on the competitor’s activities and budget. From the above discussion, there are different types of methods for promotion budget which an organization uses in advertisement. These all 4 methods such as affordable method, percentage of sales method, competitive parityand objective and task method are used for developing the total promotion budget for the company. Affordable method is used by small companies and it will ignore the effects of promotions on sales that will leads to uncertain annual promotion budgets. Percentage of sales method and competitive parity method is the simplest methods for making the budget but they doesn’t provide any basis for selecting a specific percentage that will help in choosing the right budget and also leads in falling of sales. The selected organization can use objective and task method for developing promotion budget for advertising their product. This method used by the managers in defining the communication objectives which are to be achieved by using different promotional tools and its financial implications.
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Evaluation of the marketing communication plan The marketing communication plan used by the company makes sure to use each and every step effectively for gaining the maximum prioritization. The SMART objective developed by the organization helps in the determining the main aim and building its brand image in the market. In reference to the selected company, they are using different communication tools for sharing the information about the company and its new product. Using social media marketing helps in providing the information of the new product which helps in increasing the sales. The company is using youtube for posting effective content which creates impact on the people. The content is about the quality of camera and its specifications and posted a video about the same. Social media influencers are effective for advertisement as they have large numbers of followers and advertising with the help of influencers can cater a large number of people. They make certain message regarding to every product which develop a mindset towards each product. For promotion, they require promotion budget for advertisement in which the selected organization is using objective and task method for developing the budget. This method helps in defining the promotion objective, the task in organizing the promotion activities and the financial implication for it. Justification for improving the plan It is important to effectively measure the profitability and benefits for the organization in using the market communication plan. GoPro is the world’s most versatile camera company, so it is essential for them in developing their brand image in customer’s mind. It is also important for the company to gain attention of the people by applying different strategies and manufacturing different and unique products. After researching about the company, it gives a data that they are planning to spend 65% on social media marketing as audience can easily be targeted to create awareness about their brand, so to justify, the organization needs to create more strong social media platform due to increase in concerned with the privacy and security issue of the customers. Focusing more on this concern will help in creating a strong connection with the audience which will create impact on the customer satisfaction. Proper execution of marketing communication plan helps in increasing the brand image in the market. It also creates impact on reducing the cost to the company. A great marketing communication plan helps in increasing the morale and
reduces the confusion. Furthermore, it also helps in increasing the productivity and profitability of the organization. CONCLUSION From the above discussion, it can be concluded that marketing communication plan plays a vital role in an organization for promoting the organization and its products. This plan is used in creating awareness of the product in the market and it starts with specifying the aim for marketing the product. In this report, it includes marketing communication plan and the need for integrated marketing communication which helps in targeting large number of people and increasing the sales. It requires various types of communication channels such as personal and non-personal to cater the people and market which are included in this report which helps in influencing customer decision and making them to purchase the product. It also includes communication objectives which will help in connecting with target audience to attract them and enhance the productivity and profitability and the justification for selection and integration of communication channels. Furthermore, it also included marketing communication plan that is developed keeping in mind the communication objectives. These objectives are the SMART objectives which help in targeting the audience, communication channel for communicating the product information, source message which helps in presenting the message in an effective manner and total promotion budget which has four types of methods for budgeting that are required by an organization for conducting promotional functions and activities for advertising the product. At last, it includes the evaluation of the marketing communication plan that describes how an organization is developing and implementing the plan.
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