Promotional Management
Promotional management involves coordinating the promotional-mix elements to develop a controlled, integrated program of effective marketing communications. The marketer must consider which promotional tools to use and how to combine them to achieve its marketing and promotional objectives.
Steps of a Promotional Plan
Promotional management involves coordinating the promotional-mix elements to develop a controlled, integrated program of effective marketing communications. The marketer must consider which promotional tools to use and how to combine them to achieve its marketing and promotional objectives.
Steps of a Promotional Plan
1. Review Of Marketing Plan
- Examine overall marketing plan and objectives
- Role of advertising and promotion
- Competitive analysis
- Assess environmental influences
2. Analysis of Promotional Program Situation
- Internal Analysis
- Promotional Department Organization
- Firm's Ability to implement Promotional Program
- Agency evaluation and selection
- Review of previous program results
- External Analysis
- Consumer Behaviour analysis
- Market segmentation and target marketing
- Market positioning
- Analysis of Communications Process
- Analyze receiver’s response processes
- Analyze source, message, channel factors
- Establish communications goals and objectives
- Budget Determination
- Set tentative marketing communications budget
- Allocate tentative budget
- Develop Integrated Marketing Communications Program
- Advertising
- Set advertising objectives
- Determine advertising budget
- Develop advertising message
- Develop advertising media strategy
- Direct marketing
- Set direct-marketing objectives
- Determine direct-marketing budget
- Develop direct-marketing message
- Develop direct-marketing media strategy
- Interactive/Internet marketing
- Set interactive/Internet marketing objectives
- Determine interactive/Internet marketing budget
- Develop interactive/Internet message
- Develop interactive/Internet media strategySales promotion
- Sales Promotion
- Set sales promotion objective
- Determine sales promotion budget
- Determine sales promotion tool and develop messages
- Develop sales promotion media strategy
- Public relations/publicity
- Set PR/publicity objectives
- Determine PR/publicity budget
- Develop PR/publicity messages
- Develop PR/publicity media strategy
- Personal selling
- Set personal-selling and sales objectives
- Determine personal-selling/sales budget
- Develop sales message
- Develop selling roles and responsibilities
- Integrate and Implement Marketing Communications Strategies
- Integrate promotional-mix strategies
- Create and produce ads
- Purchase media time, space, etc.
- Design and implement direct-marketing programs
- Design and distribute sales promotion materials
- Design and implement public relations/publicity programs
- Design and implement interactive/Internet marketing programs
- Monitor, Evaluate, and Control Integrated Marketing Communications Program
- Evaluate promotional program results/effectiveness
- Take measures to control and adjust promotional strategies
Resources for Interested Marketeers
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