Marketing and communication1 Executive summary Communicating the message with potential customers of the company, where the company will be communicating specific messages in order to do that target customer. The message that must be delivered by the company to the customer and other stakeholders must be like vintage stars, helping the poor, holding a blind tasting. The target audience for this communication plan is the young individuals who are looking for affordable options while enjoying the good quality wine, which are in their age of 20’s. Supportive information would include the grapes production information like from south Australian grapes and premium Barossa valley for preparation of Shiraz. The medium of communication for kooks to reach out to the customer with effective message and communication will include television, social media platforms, billboards as printed media, and human resource of various restaurants and dealers of the brand. In order to evaluate the effectiveness of the promotional plan, the evaluation plan will include the key measures that will reflect the result of the promotional plan implemented. After measuring and monitoring the evaluationplanwillincludecomparingtheactualresultandtheplanresultsfromthe communication plan the deviation will be finding, if any of those exist. After this the last step would be controlling that will include taking corrective measures like decision regarding the increase or decrease in investment in particular media mix vehicle.
Marketing and communication2 Contents Executive summary.........................................................................................................................1 Budget..............................................................................................................................................3 Message Strategy.............................................................................................................................4 Key messages...............................................................................................................................4 Source..........................................................................................................................................4 Advertising objectives.................................................................................................................5 Target audience............................................................................................................................5 Product description......................................................................................................................5 Major selling idea........................................................................................................................6 Advertising appeal.......................................................................................................................6 Advertising execution..................................................................................................................6 Supportive information................................................................................................................6 Advertising creative.....................................................................................................................7 Media plan.......................................................................................................................................7 Medium........................................................................................................................................7 Media mix and vehicles...............................................................................................................7 Coverage......................................................................................................................................8 Reach and frequency....................................................................................................................8 Scheduling...................................................................................................................................8 Evaluation......................................................................................................................................10 Conclusion.....................................................................................................................................12 References......................................................................................................................................13 Appendix........................................................................................................................................15 Appendix 1: Marketing budget of Kooks (in dollars)...............................................................15 Appendix 2: Scheduling (Gantt chart).......................................................................................17
Marketing and communication3 Budget Budget is one of the major constraints as the investment decision must be selective and decisive, the reason being this may impact the financial outcome of the company as the return on investment will be responsible for the success of the company. Moreover, the risk involved through the investment could be huge, however since the promotional investment is not considered too much, the overall budget considered on the nominal basis. From appendix 1, it can be reflect that the budget for the marketing communication plan, where the investment in marketing communication plan for Kooks’ Shiraz and Chardonnay wines in Australia include investing in five major promotional tools that is Direct marketing, Traditional advertisement, Social Media marketing, Sales discount and charity. The key or top investing tool from the table is considered for social media marketing as that will be most suitable due to the target audience that is youngsters. The investment will be for developing the pages, preparation of the post through audio video format and rapid reply to the comments provided by the customers. Other than this, since the positioning includes charity from the profit portion, which was decided to be as 1000 dollars every year, which will reflect social responsibility of the company. Nevertheless, the traditional way that is the television ads and bill boards would not be given major weightage as this may restricted due to some of the legal norms and regulation pertaining to marketing of liquor(Dimson et al., 2015). The overall budget for the first year of the plan will be 35800$, and for the second consecutive year the plan budget will be 28000$. The reason being the key objective is to caret the awareness which could be lower down in second year; however the brand reminder will be the consecutive objective through this communication plan(Martin, 2019).
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Marketing and communication4 Message Strategy Key messages Communicating the message with potential customers of the company, where the company will be communicating specific messages in order to do that target customer. The message pertaining to be communication objectives, as mentioned in the assignment is to Reflecting generous gesture of the company to words the charity through the part of profit from the company. In order to reflect wine quality and justify the premium pricing of lines, the company needs to communicate with customer regarding the quality, sponsorship and charity(Hudson & Roth, 2016). Therefore the message that must be delivered by the company to the customer and other stakeholders must be like vintage stars, helping the poor, holding a blind tasting. The message therefore must be clear, practice in order to potential customer and retain them for sustainable business. For example some of the messages thathave been reflected through the brand include handcrafted ones that are made with purpose and passion, which reflect the quality of the wine. Moreover the company reflect social winery that is handicraft it in Australia and reflect good adventures through a glass of wine drinking(Kazaz & Webster, 2016). Source The most effective way to reach all the messages will be social media, email campaign and most importantly word of mouth. The reason being the message can be conveyed in an appropriate manner through the sources. For example if a person went to a restaurant to enjoy fine with your friends or family, the person who is directly communicating with the customer may impact divine quality, brand image and reflect the key messages of the company in an effective way so as to influence the customer to purchase Kook’s wine(Chung & Fiore, 2017). Moreover since
Marketing and communication5 the objective of this marketing plan is to increase the sale of wine of Kook’s, for whichit is important to reach large number of customers which may be possible through social media as the target customers are youngindividuals which may be spending maximum time of the day on social media platforms. Therefore the company may use the promotional tools like advertisement through social media, email marketing, and charitable events as the key message that has been identified for the brand is participation in social cause on from profit that will eventually affect the emotional perception of the customer in order to increase the sale of the product(Boncinelli et al., 2016). Advertising objectives Basic and pricing objectives through this communication plan or message strategy of the company will be to increase the sale of the wild, specific to Shiraz and Charsonnay. Other than this the company advertising objectives include brand awareness and brand position to words the insurer ability of the luxurious fine with an affordable prices as the product offered through this marketing plan include half water packaging that is of 375ML(Evans, 2011). Target audience The target audience for this communication plan is the young individuals who are looking for affordable options while enjoying the good quality wine, which are in their age of 20’s(kooks, 2019) Product description The product description includes passion, people and booked where the title reflects labor of love which reflected handcrafted Wine along with message as big hearted Shiraz, which reflect
Marketing and communication6 affordable prices for high-quality wine. There for the description of the product will also reflect the objective of the message(kooks, 2019). Major selling idea The key selling idea through the packaging involve the half bottle package to make it affordable, which reflect one of the most suitable strategy as per the objective of targeting affordable half bottles(Kaplan, 2015). Advertising appeal The appeal through the advertisement would include the social media influence by encouraging young people to consume the wine(thecaterer, 2019). Advertising execution The execution will include the quality wine prepared through video marketing and helping children through charity event(Mills, 2015).The expectation of the advertisement will influence the way the customer has perceived the message and ensure that there is no miscommunication among the company a d the audience. Supportive information Supportive information would include the grapes production information like from south Australian grapes and premium Barossa valley for preparation of Shiraz(Mohd & Sasmita, 2015).This may impact the message as it is important to provide the relevant data and information regarding the preparation of the wine so as to support the quality assurance by the company.
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Marketing and communication7 Advertising creative The creativeness would include the tempting presentations of preparation of wine to be enjoyed by the young people and a product convenient to buy and enjoy with friends. The outdoor advertising event will be included, where the launch brand positioning will be created and wine tasting event will include as major mode of advertisement.Another advertisement draft will include the Instagram page with attractive images includes the message for labor of love. The messages drafted for the advertisement include “ talk good with fine wine!” which will include the young couple as part of advertisement enjoying the date night while having wine. Media plan Medium The medium of communication for Kooks to reach out to the customer with effective message and communication will include television, social media platforms, billboards as printed media, and human resource of various restaurants and dealers of the brand. These are the sources through which the promotional and marketing activities will be perform by the company (Pappas, 2016). Media mix and vehicles Wordof mouth–Thisisoneof themostimportantmodesofchannelforthe dissemination of the information and brand awareness as the direct marketing is one of te effective way considering the product category. Social media platforms – This may include posting blogs, video promotions that will attract the young customers and interact with the customer
Marketing and communication8 Advertisement – This may be limited as the liquor market may include some restriction while advertising through the traditional mode of us printed and visual media. Events – This will be one of the key media used by the company in order to present the charity event of tasting event for the presentation of the product with the purpose of product awareness among the new wine consumers(Petersen, 2015). Coverage Through this marketing communication plan the Australian young population will be targeted, this reflect that the plan will cover the geographical locations in Australia. However some of the media will be liable for the limited number of customer approach like word of mouth, by the social media marketing will be covering the population of the Australia as a whole, where the target audience will be young potential consumers(Rebelo & Silva, 2019). Reach and frequency Through the above mentioned media mix and vehicles, it be can said that the way the target customer will expose to the message flow through the media mix tool. For this, the company will be using the attractive post for the Instagram, Facebook, and pinterest users, specifically younger population, other than this the events may be announced on social media and news teller that will eventually be approachable to reach the young target audience(Swart & Hattingh, 2016). Scheduling From appendix 2, Gantt chart has been presented which include the activities that must be perform for the marketing communication plan prepare for the two years for Kook’s, which will be present along with the time highlighted when the particular activity is to be perform by the organizational teams within the company. It can be said that in order to reach to the target
Marketing and communication9 audience, while considering the marketing communication plan that has been proposed. This reflects the structure or steps that would be follow by Kooks that will be considered for following the schedule, this include: 1. Research and development – this will include understanding the target audience, there needs and brand perception, as the objective will be to increase the brand awareness, for which it is important to understand the current stats regarding the brand and product awareness. This may be done through online survey, social media page visits. 2. Message and content selection – This will include the preparation of the message that will influence the brand sale and brand awareness. This will be done as per the selected target audience. For instance, the message needs to be attractive for young target audience which may include the technology and presentation of the product by Kooks(Gantt, 2018). 3. Media vehicles dealing – This is selection and contract agreement by the marketing companies like case of television advertisement for visual presentation and implementation. Creating social media pages are also part of this stage. 4. Plan execution – This will include the implementation of the promotional and marketing activities; this may include event launch, advertisement launch, and social media posts. 5. Customer feedback – This will include analyzing the customer perception regarding the promotional activities implemented, as this may reflect into wrong perception created which could be different from the plan and may impact the brand positioning(Tuten & Ashley, 2015). 6. Monitoring and evaluation – This will include analyzing the result of each communication tool applied in the terms of financial result that is increase in sale of Kook’s wine.
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Marketing and communication10 7. Controlling – In case the deviation is identified from the previous steps in the communication plan, then the controlling steps will be taken in order to rectify the customer perception and enhance the brand positioning in positive direction(Kerzner, 2017). Evaluation In order to evaluate the effectiveness of the promotional plan, the evaluation plan will include the key measures that will reflect the result of the promotional plan implemented. The key measures will include Social media pages customer reaction – In case the promotional tool through social media mix will be effective, the feedback from the customer can be analyzed through the views of the social media pages like in case of video marketing through social media views, will reflect the brand recognition and awareness among the potential consumers. Moreover, this may be evaluated through the likes, comment and number of share on social media and immediate controlling action can be taken by replying to the customer comment in order to maintain the customer relation(Zhang, 2015). Sales figure – The sales of the Kooks’ Shiraz and Chardonnay wines will reflect the effectiveness of the marketing communication plan, as the key objective was to increase the sales revenue for the company through this plan. Moreover, it is expected to increase in 10 percent sales in one year time span, which will reflect that the investment in the communication plan is returned(Wel, 2012). Customer feedback – another major mode of communication is word of mouth which could be evaluated on the spot as the customer may provide the immediate feedback to the staff member after the wine consumption at the restaurants or bar. Other than this the
Marketing and communication11 online feedback could be adopted to monitor the results from the promotional activities so as to understand the customer expectations(Takeuchi, 2016). After measuring and monitoring the evaluation plan will include comparing the actual result and the plan results from the communication plan the deviation will be finding, if any of those exist. After this the last step would be controlling that will include taking corrective measures like decision regarding the increase or decrease in investment in particular media mix vehicle (bkwine, 2019).
Marketing and communication12 Conclusion From the marketing communication plan of Kooks’ Shiraz and Chardonnay wines, the key concluding points include the message pertaining to be communication objectives, as mentioned in the assignment is to reflecting generous gesture of the company to words the charity through the part of profit from the company. It reflect wine quality and justify the premium pricing of lines, the company needs to communicate with customer regarding the quality, sponsorship and charity. Budget for the marketing communication plan, where the investment in marketing communication plan for Kooks’ Shiraz and Chardonnay wines in Australia include investing in five major promotional tools that is Direct marketing, Traditional advertisement, Social Media marketing, Sales discount and charity. The overall budget for the first year of the plan will be 35800$, and for the second consecutive year the plan budget will be 28000$. The most effective way to reach all the messages will be social media, email campaign and most importantly word of mouth. The objective of this marketing plan is to increase the sale of wine. Through social media, young individuals who may be spending maximum time of the day on socialmediaplatforms,whichleadtoreachtothisgroupeffectively.Themediumof communicationforkookstoreachouttothecustomerwitheffectivemessageand communication will include television, social media platforms, billboards as printed media, and human resource of various restaurants and dealers of the brand. The structure or steps that would be follow by kooks that will be considered for following the schedule, this include research and development, message and content selection, media vehicles dealing, plan execution, customer feedback, monitoring and evaluation, and controlling. After measuring and monitoring the
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Marketing and communication13 evaluationplanwillincludecomparingtheactualresultandtheplanresultsfromthe communication plan the deviation will be finding; after this the last step would be controlling. References bkwine, 2019.world-wine-production-reaches-record-level-2018-consumption-stable. [Online] Available at:https://www.bkwine.com/features/more/world-wine-production-reaches-record- level-2018-consumption-stable/. Boncinelli, F., Dominici, A., Gerini, F. & Marone, F., 2016. Consumers wine preferences according to purchase occasion: Personal consumption and gift-giving.Food quality and preference, 27, p.77. Chung, J.E. & Fiore, A.M., 2017. The Effects of Shopping Motivation and an Experiential Marketing Approach on Consumer Responses toward Small Apparel Retailers.Fashion, Industry and Education, 15(2), p.11. Dimson, E., Rousseau, P.L. & Spaenjers, C., 2015. The price of wine.Journal of Financial Economics, 118(2), p.431. Evans, J., 2011. Retailing in perspective: the past is a prologue to the future.The International Review of Retail, Distribution and Consumer Research, 21(1), pp.1-31. Gantt, 2018.what is a Gantt chart?[Online] Available at:https://www.gantt.com/. Hudson, S. & Roth, M.S., 2016. The influence of social media interactions on consumer–brand relationships: A three-country study of brand perceptions and marketing behaviors.International Journal of Research in Marketing, 33(1), p.27. Kaplan, B., 2015. Marketing Strategies For The Generation “C” Consumer Behavior: An Overview For The GSM Market in Turkey.In Handbook of Research on Developing Sustainable Value in Economics, Finance, and Marketing, pp.463-75. Available at:https://www.igi- global.com/chapter/marketing-strategies-for-the-generation-c-consumer-behavior/121375. Kazaz, B. & Webster, S., 2016. Wine analytics: Fine wine pricing and selection under weather and market uncertainty.Manufacturing & Service Operations Management, 19(2), pp.202-2015. Kerzner, H., 2017.Project management: a systems approach to planning, scheduling, and controlling. 12th ed. New Jersey: John Wiley & sons. kooks, 2019.new-index. [Online] Available at:http://www.kooks.com.au/new-index. kooks, 2019.wines-blog. [Online] Available at:http://www.kooks.com.au/wines-blog.
Marketing and communication14 Martin, S.J., 2019. The FEBS Journal in 2019: ensuring that casks of vintage wine remain unspoiled.The FEBS journal, 286(1), pp.4-7. Mills, A.J., 2015. Everyone loves a secret: Why consumers value marketing secrets.Business Horizons. Mohd, N. & Sasmita, J., 2015. Young consumers’ insights on brand equity: Effects of brand association, brand loyalty, brand awareness, and brand image.International Journal of Retail & Distribution Management, 43(3), pp.276-92. Pappas, N., 2016. Marketing strategies, perceived risks, and consumer trust in online buying behaviour.Journal of Retailing and Consumer Services, 29, p.92. Petersen, J.A., 2015. Marketing communication strategies and consumer financial decision making: The role of national culture.Journal of Marketing, 79(1), pp.44-63. Rebelo, J. & Silva, A.P., 2019. Port wine, an established product a new market: A comparative analysis of perceptions of firms and consumers.Wine Economics and Policy. Swart, K. & Hattingh, C., 2016. The motives for visitors to attend a food and wine event in Cape Town and their satisfaction levels.African Journal of Hospitality, Tourism and Leisure, 5(2), pp.1-14. Takeuchi, D.T., 2016. Vintage wine in new bottles: infusing select ideas into the study of immigration, immigrants, and mental health.Journal of health and social behavior, 57(4), pp.423-35. thecaterer, 2019.news/hotel/wine-top-10-marketing-tips. [Online] Available at: https://www.thecaterer.com/news/hotel/wine-top-10-marketing-tips. Tuten, T. & Ashley, C., 2015. Creative strategies in social media marketing: An exploratory study of branded social content and consumer engagement.Psychology & Marketing, 32(1), p.15. Wel, C.A.C., 2012. Important determinant of consumers’ retail selection decision in Malaysia. World Review of Business Research, 2(2), pp.164-75. Zhang, Y., 2015. The impact of brand image on consumer behavior: a literature review.Open journal of business and management, 3(1), p.1.
Marketing and communication15 Appendix Appendix 1: Marketing budget of Kooks (in dollars) Particulars1st2nd3rd Direct marketing200010002000 Traditional advertisement 400030004000 SocialMedia marketing 880080009000 Sales200001500017000 Charity100010001000 Total358002800033000 Note: Based on key assumptions
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Marketing and communication16 Cost-Volume-ProfitRelationships- Breakeven Per Unit Amounts Selling price$300.00 Variable costs$40.00 Contribution margin$260.00 Total fixed costs*$400,000.00 Breakeven in units1538.46 Breakeven in dollars$461,538.46
Marketing and communication17 Appendix 2: Scheduling (Gantt chart) 20202021 Tasks/ Activitie s J a n F e b M a r A p r M a y J u n J u l A u g S e p O c t N o v D e c J a n F e b M a r A p r M a y J u n J u l A u g S e p O c t N o v D e c Research and developm ent Message and content selection Media vehicles dealing Plan execution Customer feedback Monitori ngand evaluatio n Controlli ng