Launch! Advertising and Promotion in Real Time, 2009a
Launch! Advertising and Promotion in Real Time, 2009a Launch! Advertising and Promotion in Real Time, 2009a
You’ll learn more about how these objectives are put into motion in Chapter 9 "Choose Your Communication Weapons: SS+K Decides Upon a Creative Strategy and Media Tactics" and Chapter 10 "Plan and Buy Media: SS+K Chooses the Right Media for the Client’s New Branding Message". Dig Deeper Identify a TV commercial you’ve seen in the last month. Conduct an unofficial DAGMAR analysis for it: to what extent does it meet the criteria of creating awareness, comprehension, conviction, or action? KEY TAKEAWAYS Now that you have read this section, you should be able to understand the power of branding and how to construct a strategic framework for solving problems: You have reviewed the power of branding and its relationship to brand differentiation, accountability, consistency, and personality. You can explain the concept of brand equity. You can recognize the benefits of branding for advertisers and buyers. You can describe the strategic framework for solving problems. You can explain the function of a brand audit. You can apply SWOT (strengths, weaknesses, opportunities, and threats) analysis to a marketing situation. You can construct advertising and marketing objectives that can be applied to your plans and strategies. You can create advertising and marketing strategies that provide direction to creative teams. You can create a creative brief that describes the intricacies of the proposed advertising strategies and how those strategies can be implemented by the creative team. EXERCISES a. Describe the differences between marketing objectives and advertising objectives in formulating a marketing and promotion plan. b. List and discuss the four phases of the DAGMAR model. c. Compare and contrast creative objectives and media objectives. [1] Thomas Davenport and Jeanne Harris, “Competing with Multichannel Marketing Analytics,” Advertising Age, April 2, 2007, 16. Saylor URL: http://www.saylor.org/books Saylor.org 245
8.4 Decide How You’ll Get There: Create a Strategy LEARNING OBJECTIVES After studying this section, students should be able to do the following: 1. Create a marketing strategy that demonstrates correct usage of the marketing mix. 2. Create an advertising strategy that demonstrates how creative and media strategy are combined to solve an advertising problem. Marketing Strategy A marketing strategy consists of the activities a company must take to achieve its marketing objectives. For example, one step it must take is to decide on the appropriate mix of the Four Ps: Product definition. What features should the product have? What should the product packaging look like? Should there be accompanying support services, such as maintenance? Pricing strategies. How much are customers willing to pay for the product? What should be the selling price for retailers and wholesalers? Promotion strategy. What methods will the company use (e.g., advertising, PR, direct sales) to reach the target market? What is the goal of each promotion—to entice new customers, to boost repeat sales, to increase sales volumes? Place (distribution) strategies. Will the product be sold directly to consumers (such as via the Web) or through retailers and wholesalers? For decades, airlines sold tickets through travel agencies, but now most of them sell e-tickets over the Web. This distribution strategy saves the airlines money (by eliminating commissions to travel agents) and lets customers buy tickets any time of the day or night. Advertising Strategy Creative Strategy Creative strategy defines what the advertiser’s message will say and how it will say it. Being creative does not mean simply being clever or unique—the advertisement must communicate the intended message to the target audience. Media Strategy Media strategy matches the potential customers of a product with users of specific media. For example, a media strategy might attempt to find out if members of the target market prefer to watch TV, listen to the Saylor URL: http://www.saylor.org/books Saylor.org 246
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You’ll learn more about how these objectives are put <strong>in</strong>to motion <strong>in</strong> Chapter 9 "Choose Your<br />
Communication Weapons: SS+K Decides Upon a Creative Strategy <strong>and</strong> Media Tactics" <strong>and</strong> Chapter 10<br />
"Plan <strong>and</strong> Buy Media: SS+K Chooses the Right Media for the Client’s New Br<strong>and</strong><strong>in</strong>g Message".<br />
Dig Deeper<br />
Identify a TV commercial you’ve seen <strong>in</strong> the last month. Conduct an unofficial DAGMAR analysis for it: to<br />
what extent does it meet the criteria of creat<strong>in</strong>g awareness, comprehension, conviction, or action?<br />
KEY TAKEAWAYS<br />
Now that you have read this section, you should be able to underst<strong>and</strong> the power of br<strong>and</strong><strong>in</strong>g <strong>and</strong> how to<br />
construct a strategic framework for solv<strong>in</strong>g problems:<br />
<br />
You have reviewed the power of br<strong>and</strong><strong>in</strong>g <strong>and</strong> its relationship to br<strong>and</strong> differentiation, accountability,<br />
consistency, <strong>and</strong> personality.<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
You can expla<strong>in</strong> the concept of br<strong>and</strong> equity.<br />
You can recognize the benefits of br<strong>and</strong><strong>in</strong>g for advertisers <strong>and</strong> buyers.<br />
You can describe the strategic framework for solv<strong>in</strong>g problems.<br />
You can expla<strong>in</strong> the function of a br<strong>and</strong> audit.<br />
You can apply SWOT (strengths, weaknesses, opportunities, <strong>and</strong> threats) analysis to a market<strong>in</strong>g situation.<br />
You can construct advertis<strong>in</strong>g <strong>and</strong> market<strong>in</strong>g objectives that can be applied to your plans <strong>and</strong> strategies.<br />
You can create advertis<strong>in</strong>g <strong>and</strong> market<strong>in</strong>g strategies that provide direction to creative teams.<br />
You can create a creative brief that describes the <strong>in</strong>tricacies of the proposed advertis<strong>in</strong>g strategies <strong>and</strong><br />
how those strategies can be implemented by the creative team.<br />
EXERCISES<br />
a. Describe the differences between market<strong>in</strong>g objectives <strong>and</strong> advertis<strong>in</strong>g objectives <strong>in</strong> formulat<strong>in</strong>g a<br />
market<strong>in</strong>g <strong>and</strong> promotion plan.<br />
b. List <strong>and</strong> discuss the four phases of the DAGMAR model.<br />
c. Compare <strong>and</strong> contrast creative objectives <strong>and</strong> media objectives.<br />
[1] Thomas Davenport <strong>and</strong> Jeanne Harris, “Compet<strong>in</strong>g with Multichannel Market<strong>in</strong>g Analytics,” <strong>Advertis<strong>in</strong>g</strong> Age,<br />
April 2, 2007, 16.<br />
Saylor URL: http://www.saylor.org/books<br />
Saylor.org<br />
245