Comprehensive discussion on the marketing campaign arranged by Mark and Spencer for their new product. Target audience, promotional mix, key message, promotional channels, marketing communication mix, and effectiveness of video campaign.
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MARKETING AND COMMUNICATION1 Table of Contents Introduction......................................................................................................................................2 Achieving marketing objectives......................................................................................................2 Target Audience...............................................................................................................................2 Element of Promotional Mix...........................................................................................................3 Key Message....................................................................................................................................3 Promotional Channels......................................................................................................................3 Marketing Communication Mix......................................................................................................4 Method of measuring Effectiveness of Video Campaign................................................................4 Conclusion.......................................................................................................................................5 References........................................................................................................................................6
MARKETING AND COMMUNICATION2 Introduction Mark and Spencer are one of the foremost businesses in the global market. Mark and Spencer have introduced a new product in the market for which they have arranged campaign. They targeted their consumers according to the products they are introducing in the market (Zhang et al., 2018). In the ensuring context of the report, there will be a comprehensive discussion on the marketing campaign arranged by the company. Achieving marketing objectives The company achieved its targeted objectives by adopting an effective marketing campaign as it will be explained through DRIP marketing theory: Differentiate: The Company differentiates its product from others in the same domain as the advertisement of Mark & Spencer focused on beef traceability. They introduced a variety of product with one flavor that provides options for the consumers to eat whatever they want. Reinforce: here the aim of the company is to remind the consumers towards the benefits of the product. Therefore, Mark and Spencer describe their brands as an experienced wrapped in a promise. They demonstrate the experience by producing attractive video in which they focus on the presentation of food that brings water in the mouth of consumers. Inform: the company informs the consumers about their new products in the market by providing attractive video to the, It covers a variety of products that will be offered by the company to their consumers. Persuade: it refers to induce the prospect of an individual to behave in a certain manner. Mark and Spencer build the relationship with their consumers by getting it emotional connect with them as they connect with them through the platform of YouTube and TV. In YouTube, the consumers can share their views that made them connected towards the company (Wall and Spinuzzi, 2018).
MARKETING AND COMMUNICATION3 Target Audience The key targeted audiences for the consumers are the group of non-vegetarian. They target all range of consumer groups for their products who prefer to eat beef still the main target audience for the company will be young generation as they want the new flavor to eat as well as they have great spending power than another group of individuals. The young generation individuals have a great level of spending attitude who loves to explore a new place and new food. The element of Promotional Mix The company has adopted advertisement as a promotional mix due to the reason they are introducing new products in the market for which they adopt the method of advertisement for spreading awareness about their new product in the market (Khan, 2016) Advantages Most of the consumers are on the internet that enhances their awareness of products The company can target more effectively with the help of advertisement They can track the results by analyzing the comments and viewing a number of the video. Disadvantages Huge competition in the market can affect their marketing campaign Such advertisement is common among the companies that affecting in targeting the consumers (Kumar and Patra, 2017). Key Message The company wanted to convey that they are introducing new products to the market. With the help of video, they create awareness for their new products being launched in the market to attract maximum consumers in a more effective and efficient manner. The key message that the company is conveying in the market is that they are introducing new flavor in a different variety of products that represent delicious, and attractive to the consumers.
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MARKETING AND COMMUNICATION4 Promotional Channels The promotional channels adopted by the company are explained in the below points: Social Media: it is one the effective platform used by the company to target their consumers. They have realized a video of their products in YouTube to spread awareness about their new product as they are aware that most of the consumers are available on social media therefore, it would be the effective tool to target their consumers Television: the company has also adopted the platform of television to target its consumers. They would able to target more consumers with the help of television in an effective and more efficient manner (Garrett, Straker and Wrigley, 2017). Marketing Communication Mix The marketing communication mix is one of the effective approaches that are castoff to stimulate the business or the products to target the consumers. It is also referred to the promotion mix and it has a five set of tools that the businesses are used to communicate with their consumers, prospects as well as stakeholders. There are different elements of the marketing communication mix as they are: Advertisement: it refers to the paid promotion of products or services which is one of the effective manners to reach out to a large number of individuals. Public Relation: it includes the building up of a good relationship with the media as well as those individuals who are interested in the organization Sales Promotion: it is one of the short-term incentives that the organization offers relating to their products or the services Personal selling: it is the method in which the company sells its products directly to the consumers. Direct marketing: it includes highly targeted messaging that is majorly sent to a narrow group of consumers (Todorova, 2015).
MARKETING AND COMMUNICATION5 Method of measuring Effectiveness of Video Campaign The company should adopt direct rating test in which the consumers are asked to rater rank the alternativeadvertisements.Theconsumerscanconsideravarietyofcriteriatoratethe advertisementwhichincludesmessageclarity,messagecontentsaswellastheoverall impression that would help the company to measure the efficiency of their video campaign. Conclusion It can be concluded from the above analysis that the marketing strategy has a vigorous role in the evolution of business. Mark and Spencer have introduced new products in the market. They adopted the platform of social media to target their consumers. Therefore, the company should adopt an effective method to measure their effectiveness of the campaign to make their advertisement more successful.
MARKETING AND COMMUNICATION6 References Garrett, A., Straker, K.and Wrigley, C. (2017) Digital channels for building collaborative consumption communities.Journal of Research in Interactive Marketing,11(2), pp.160-184. Khan,M.S.(2016)IMPACTOFPROMOTIONALMIXELEMENTSONTOURIST'S SATISFACTION:ACASESTUDYOFMUSSOORIE.CLEARInternationalJournalof Research in Commerce & Management,7(4). Kumar, S. and Patra, S. (2017) Does Promotion Mix Really Help To Enhance Brand Equity: A Literature Review.Asian Journal of Management,8(4), pp.1387-1392. Todorova, G. (2015) Marketing communication mix.Trakia Journal of Sciences,13(1), pp.368- 374. Wall, A. and Spinuzzi, C. (2018) The art of selling-without-selling: Understanding the genre ecologies of content marketing.Technical Communication Quarterly,27(2), pp.137-160. Zhang, D., Sogn-Grundvag, G., Asche, F. and Young, J. (2018) Eco-labeling and retailer pricing strategies: The UK haddock market.Sustainability,10(5), p.1522.