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PROJECT REPORT ON
“INTEGRATED MARKETING TOOLS WITH
RESPECT TO LITHAN COMPANY”
Under the Partial fulfilment of the requirement of
BACHELOR OF MANAGEMENT STUDIES
Submitted by
BHOOMA GHANSHYAM TALELE
TYBMS (MARKETING)
Roll No. 77
Academic Year
2017-18
VPM’s
K.G Joshi College of Arts&
N.G Bedekar College of Commerce
Chendani Bunder Road, Thane 400601.
1
INDEX
Sr. Page
No.
Particulars No.
1 Declaration
2 Acknowledgment
3 Executive Summary
4 Objectives
5 Research Methodology
6 Scope of study
CHAPTER INTRODUCTION
1
10 1.4 Definition
2
Different tools of integrated marketing
11 1.5 communication
(IMC TOOLS)
CHAPTER
COMPANY PROFILE
2
15 2.3 Portfolio
16 2.4 Competitors
20 3.4 SWOT
CHAPTER
ANALYSIS AND INTERPRETATION
4
3
21 4.1 Data analysis and Data interpretation
23 Recommendations or Suggestions
24 Conclusion
25 Annexure
4
DECLARATION
I, Bhooma Ghanshyam Talele the student of T.Y Bachelor of
management studies semester V (2017-2018).
Hereby declare that I have completed the project
On ___________________
The information submitted is true and original to
the best of my knowledge.
________________________
Bhooma.G.Talele
Roll no-77
VPM’s
K.G Joshi College of Arts&
N.G Bedekar College of Commerce
Chendani Bunder Road, Thane 400601.
5
ACKNOWLEDGEMENT
Lastly, I would like to thank each and every person who directly
and indirectly helped me in the completion of my project especially
my Parents and Peers who supported me throughout my project.
6
EXECUTIVE SUMMARY
I choose this topic for the project because firstly it was very
interesting to study upon a quite challenging too. The topic
integrated marketing tools are very necessary for any firm or
organization. I choose Lithan as my company because it is the best
company which could appropriately fit as a good example in
understanding the IMC tools with illustration with respect to the
company. Lithan uses IMC in order to communicate with its targets
using degree communication strategy as they want to create links
with the customers to satisfy their needs and wants and
substantially earn profit on the other hand. Lithan is willing to be
closer to its customers to be a part of the daily life by using various
IMC tools and strategies and also focusing on a main message they
want to deliver.
Also I found this topic very apt for research and study because
Lithan uses above stated tools for communicating, building an
image, customer retention, and lastly to satisfy the needs and
wants of the customers.
The project throws a light on 7 P’s of marketing and 4 c’s of
marketing and the different tools of integrated marketing
communication. The reasons for why IMC is more important these
days.
The characteristics of IMC and its benefits to an organisation.
Lithan do not have a way broad history but has spread rapidly
across parts of Asia. It has many competitors but stands way ahead
from all those.
SWOT analysis helps us to know about Lithan’s internal as well as
external environment. Data analysis an interpretation is done by
consumer survey. There we also few limitations faced while
collecting data. Research sources are primary as well as secondary
data.
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OBJECTIVES
• To analyse the integrated marketing communication program
used by Lithan company
• To analyse Effectiveness of various integrated marketing
tools used by the company
• To determine the consumer behaviour and perception
towards the brand.
• To know if future vision is consistent with core truths of the
brand.
• To assess whether customer management focuses on the
value of customers over their lifetime.
• To have more cost effective use of agencies and business
partners with better team results.
• To focus on building relationships and brand values.
• To study consumer demography.
• To study consumers reaction for various products of Lithan.
• To study communication marketing strategies adopted by
company.
8
RESEARCH METHODOLOGY
Secondary Data:
Secondary data is Collection of information for the project
is done from different kinds of reference books and
through internet.
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SCOPE OF STUDY
• I have conducted this survey between the age groups from
teenage to youngsters from various institutes/ colleges and
peer group.
• For conducting this survey I have taken the geographical
area i.e. Thane district and Mumbai district.
• To find out the effectiveness of marketing communication
tools in Lithan Company.
• To study procedures adopted in evaluating IMC tools.
• To understand IMC tools.
10
CHAPTER 1
INTRODUCTION
11
1.1 Introduction:
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aspects of marketing communication work together for increased
sales and maximum cost effectiveness.
Integrated marketing communication ensures two way dialogue
with customers a must in all business. Gone are the days when
marketers used to rely only on advertising and simple promotions
to make their brand popular among end-users. In the current
scenario of cut throat competition, marketers need to promote their
brands by effectively integrating relevant marketing tools for better
results and increased productivity. Integrated marketing
communication plays an essential role in delivering a unified
message to end-users through various channels and thus has better
chances of attracting customers. A single message goes to
customers across all marketing channels be it TV, Radio, Banners,
hoardings and so on. Integrated marketing communication ensures
the brand (product or service) is an instant hit among end-users. It
also develops a sense of attachment and loyalty among end-users.
In a layman’s language integrated marketing communication
provides a wide range of options which help marketers connect
easily with their target customers. Integrated marketing
communication ensures that the customer gets the right message at
the right place and right time. Integrated marketing communication
uses several innovative ways to promote brands among customers
such as newspaper inserts, hoardings and banners at the most
strategic locations, pamphlets, brochures, radio or television
advertisements, press releases, discount coupons, loyalty clubs,
membership clubs, PR-Activities, sales promotional activities,
direct marketing initiatives, social networking sites (Facebook,
Twitter, Orkut), blogs and so on.
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1.2 Seven P’s of marketing
Price -An amount the consumer is willing to pay for the item
Place -Location
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15
1.3 Four C’s of marketing
Consumer -Targeted
Targeted audience intending to purchase the product
Cost -The
The amount the consumer is willing to purchase the product
for
Convenience -An
An item value to the consumer
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1.4 Definition:
17
1.5 Different Tools of Integrated Marketing:
Communications IMC
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other features of the company and its products or services.
2. Public Relations PR
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news media provides a vital boost to the marketing communication
message: credibility. Articles in the media are perceived as being
more objective than advertisements, and their messages are more
likely to be absorbed and believed. For example, after the CBS
newsmagazine 60 Minutes reported in the early 19905 that
drinking moderate amounts of red wine could prevent heart attacks
by lowering cholesterol, red wine sales in the United States
increased 50 percent. Another benefit publicity offers is that it is
free, not considering the great amount of effort it can require to get
out-bound publicity noticed and picked up by media sources.
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purchase incentives in that they induce product trial and encourage
repurchase.
Consumer promotions may also include incentives to visit a retail
establishment or request additional information. Trade promotions
include slotting allowances (“buying” shelf space in retail stores),
allowances for featuring the brand in retail advertising, display and
merchandising allowances, buying allowances (volume discounts
and other volume-oriented incentives), bill back allowances (pay-
for-performance incentives), incentives to salespeople, and other
tactics to encourage retailers to carry the item and to push the
brand.
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4. Personal Selling (PS)
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received. They handle repeat purchases (straight re buys) and
modified re buys.
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advances in telecommunications and computers allow consumers
to make purchases from their homes via telephone, television, or
computer with ease and safety. These three factors have
dramatically altered the purchasing habits of American consumers
and made direct marketing a growing field worldwide.
Direct marketing allows a company to target more precisely a
segment of customers and prospects with a sales message tailored
to their specific needs and characteristics. Unlike advertising and
public relations, whose connections to actual sales are tenuous or
nebulous at best, direct marketing offers accountability by
providing tangible results. The economics of direct marketing have
also improved over the years as more information is gathered about
customers and prospects. By identifying those consumers they can
serve more effectively and profitably, companies may be more
efficient in their marketing efforts. Whereas network television in
the past offered opportunities to reach huge groups of consumers at
a low cost per thousand, direct marketing can reach individual
consumers and develop a relationship with each of them.
Research indicates that brands with strong brand equity are more
successful in direct marketing efforts than little-known brands.
Direct marketing, then, works best when other marketing
communication such as traditional media advertising supports the
direct marketing effort.
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industry then risks legislation regulating the behaviour of direct
marketers if it is not successful in self-regulation. The Direct
Marketing Association, the leading trade organization for direct
marketing, works with companies and government agencies to
initiate self-regulation.
In March of 2003 the National Do Not Call Registry went into
affect whereby consumers added their names to
a list that telemarketers had to eliminate from their out-bound call
database.
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Companies manage to get massive attention and that really works
in favour of the business. Social media marketing is a potent
method applied by progressive companies for selling their
products/services or for just publishing content for advertisement
revenue.
Social media is an extremely useful tool using which companies
can get their information, product descriptions, promotions all
ingrained in the chain of networking world. Considering the
newness of this marketing method, organizations are coming up
with innovative ways to develop their marketing plans. New
platforms are being created to approach potential clients. A large
number of business organizations are allocating budget for online
business development using social media marketing. It is a
booming sector which is going to redefine the way marketing
strategies are being formed and promoted.
8. Internet Marketing
Internet marketing also referred to as i-marketing, web marketing,
online marketing or e-Marketing, is the marketing of products or
services over the Internet. The Internet has brought media to a
global audience. The interactive nature of Internet marketing in
terms of providing instant responses and eliciting responses are the
unique qualities of the medium. Internet marketing is sometimes
considered to be broad in scope because it not only refers to
marketing on the Internet, but also includes marketing done via e-
mail and wireless media. Management of digital customer data and
electronic customer relationship management (ECRM) systems are
also often grouped together under internet marketing. Internet
marketing ties together creative and technical aspects of the
Internet, including: design, development, advertising, and sales.
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9. Mobile Marketing
Mobile Marketing involves communicating with the consumer Via
cellular (or mobile) device, either to send a simple marketing
message, to introduce them to a new audience participation based
campaign or to allow them to visit a mobile website.
Cheaper than traditional means for both the consumer and the
marketer and easy enough for almost any age group to understand
and engage with -Mobile Marketing really is a streamlined version
of traditional e-Marketing.
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1.6 Reasons Why IMC Is More Important These Days
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3. More than ever customers are king
The power has shifted from the manufacturers (those who make a
product) to the retailers (those who actually sell the product). We
all know it: it’s easier to keep an existing customer happy than it is
to win back a customer you lost. Retailers now place greater
emphasis on protecting their client and take great pains in
whipping up the best possible experience for their patrons before,
during and after the sale.
More advertisers are reluctant to shell out wads of cash for media
buy and rightly so. How do you know you’re getting your media
investment back? Understandably, they want to see figures to see
exactly how that quarterly ad campaign budget is spent, and ask
themselves: is it really worth all the time, money and effort?
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5. More Widespread internet use.
Thanks to the worldwide web, your customers can check out what
they want anytime they feel like it. Conversely, it also means that
your business can also exist outside your regular business hours,
and therefore have the opportunity to keep selling 24/7.
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CHAPTER 2
COMPANY PROFILE
31
COMPANY PROFILE
32
Who They Are:
Lithan’s mission is to redefine adult education through learning
innovation. We are the lifelong career progression and learning
partner of individuals and a total talents and training solutions
provider for enterprises.
What they do:
Developing Future Ready Skills
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specialization training in future technologies to keep their skills up
to date. For everybody else, courses, such as computational
thinking, web programming, and digital marketing, provide the
digital savviness needed to remain relevant in the digital economy.
B) BUSINESS SYNOPSIS:
Digital Skills Accelerator
Lithan’s mission is to develop future ready skills and talents for the
new digital economy. Through Competency Learning as a Service
(CLaaS), we deliver Competency-based Curriculum, Work-
integrated Applied Learning, and Personalized Blended Learning
over the cloud, on-demand. They are the lifelong career
progression and learning partner of individuals and a total talents
and training solutions provider for enterprises. They measure the
success on their ability to enhance their learners’ job performance
and deliver tangible outcomes for their employers.
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C) Elevator pitch:
They train and deliver future ready talents for the new economy.
According to them, their training is different. They deliver skills
mastery by going beyond knowledge acquisition in the classroom
to skills utilization at the workplace.
They also recruit and place latent talents for seamless job induction
into enterprises.
[FOR INDIVIDUALS] --So, how do you Future Ready your career
to stay relevant in the new digital economy?
[FOR ENTERPRISES] --So, how do you Future Ready your
workforce to stay relevant in the new digital economy?
Our agents are also fully trained and are provided with the latest
updates about Lithan Academy and programs of study to assure
you will receive accurate information.
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E) FACILITIES:
We provide state of the art infrastructure facilities at an affordable
cost. Ourr facilities can be used for training, guest lectures,
examination centres, weekend lectures, mock-test
mock test centres, walk
walk-in
interview centres, meetings, conference, seminars and workshops.
Our training facilities
ties are centrally located and are easily accessible
by road and rail.
Most of them are in close proximity to education institutions,
colleges and business hubs.
Training rooms
Training labs
Examination centre
Meeting rooms
Conference rooms
Interview rooms
Secured Computer systems
Centralized AC
24 x 7 High speed lease line internet connectivity (10 mbps)
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2.2 Mission, Vision, Strategy
Task Activity
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2.3 Portfolio
A product portfolio is the collection of all the products or services
offered by a company.
In this context the products are the courses offered by the higher
educational institution, LITHAN.
The different courses offered by the institute are as follows:
o SAP
o BTEC- WEB DEVELOPMENT
o IHL (ENTREPRENEURSHIP)
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2.3.1 SAP
What is SAP?
SAP software provides many areas for a career development, and
you can decide which path is best for you.
SAP is the leading provider of enterprise software solutions in
virtually every major industry. With over 3,
3 00,000 customers in
more than 190 countries, SAP is an established leader in the ERP
(Enterprise resource planning) world.
39
o SAP Material Management module basically handles issues
related to procurement of raw material and vendor
management.
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2.3.2 BTEC- WEB DEVELOPMENT
About BTEC
BTEC HND Diploma equips you for life, learning and
employment that integrates worldwide.
A Higher National Diploma (HND) is a higher education
qualification of the United Kingdom. It is internationally
recognised at 95% of UK Higher Education Institutes and from
over 200 universities worldwide - including several of The Times
top #100 ranked universities in Australia, Singapore, Malaysia and
Hong Kong.
Lithan offers HND Diploma in integrated work-study format with
specialisations in Web Development.
Web development specialisation:
Web Developers design, create, and modify websites. They analyse
user needs to implement websites content, graphics, performance,
and capacity. They integrate websites with other computer
applications.
They bring together code and multimedia content by integrating
written, graphic, audio, and video components.
BTEC in Lithan
Lithan offers applied learning degree pathway program through
BTEC HND (Level 5) qualification specializing in Web
development and Systems Management with final year in Victoria
University, Australia. The Business and Technology Education
Council (BTEC) is a provider (existing as part of Pearson
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Education Ltd) of secondary school leaving qualifications and
Further education qualifications in England, Wales and Northern
Ireland. BTEC qualifications are accepted by many universities
when assessing the suitability of applicants for admission, and
many such universities base their conditional admissions offers on
a student's predicted BTEC grades.
2.3.3 IHL (ENTREPRENEURSHIP)
The Champion Entrepreneur event is a unique initiative by Lithan
India with a vision to help young aspiring individuals and students
to realize their dreams of being successful future entrepreneurs.
The program invites participants across India to be trained by
experienced national and international mentors who will guide
them to build an idea into a business start-up.
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Details of the courses are as follows:
A. COURSE MODULE
• Basic Digital Marketing
• Sales Mastery
• Innovation And Entrepreneurship Insights
• Basic Product & Marketing Sales
• Idea Creation For Championship
B. COURSE OUTCOME
• Develop Sales Proposal & Quotation
• Develop and plan sales and marketing activities
• Deploy content delivery network
• Develop digital marketing campaign
• Select new technology models for business
• Perform competitive analysis
• Conduct financial analysis of the business unit
• Build and deliver customer service and customer care support
• Develop sales support and customer management programs
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Start-up Network
Lithan hosts numerous opportunities for you to integrate with the
start-up community. Join us as we network with start-up
entrepreneurs, mentors, advisors, angel investors, venture
capitalists, incubators and accelerators, by attending our start-up
networking events. Explore your innovative ideas and passions and
unlock your entrepreneurial potential together with driven, like-
minded community stakeholders.
2.4 Competitors
In case of an educational institute, the competitor is not only one
but each product of their company faces a huge competition in the
market.
In case of Lithan, there is a competitive market for all of their
courses in India as well as in abroad.
Competition with respect to SAP.
The top competitions of Lithan for SAP course are Times Pro and
BPCL (Bharat Petroleum Corporation Limited).
More about the competitors:-
A) Times Pro
TimesPro (Times Centre for Learning Ltd.) is a subsidiary of the
Times of India group. Their aim is to provide skill based training to
young graduates so as to make them day1 hour1 job ready.
TimesPro’s training programs focus on employability for the
learners in India’s top growing sectors.
B) BPCL
Bharat Petroleum Corporation Limited (BPCL) takes pride in being
the first PSU Oil Company in India to have implemented SAP R/3
at all locations spread across the country.
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CHAPTER 3
OVERVIEW OF IMC
(Integrated marketing
communication
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3.1 Characteristics of Digital Integrated Marketing
Communication
Being the best you can be at marketing requires a lot of time
digging through analytics and data to find insights. But, as we all
know, marketers stay pretty busy just getting stuff out the door. So
Lithan analyzed which characteristics share successful campaigns.
Digital integrated marketing communications are essentially the
digital marketing equivalent of the traditional marketing
communications mix. Traditionally the off-line world would
employ a marketing communications mix which included public
relations, advertising, sponsorship, personal selling, direct
marketing, and sales promotion. Digital integrated marketing
communications will employ some or all of these tools which are
adapted to the online marketing challenge. There will of course be
new and innovative online tools which are also employed within
the digital integrated marketing communications mix.
The online equivalents are known as digital media channels, and
are employed in many online and off-line campaigns. Digital
integrated marketing communications tools will include display
ads, pay per click advertising, search engine optimisation, and
affiliate marketing amongst others. Let’s not forget the importance
of social media marketing as well.
• Social media marketing is all marketing which goes on
within social networks such as Facebook, Twitter, LinkedIn, and
many more. For example Facebook has quite a complex social
media advertising program, which allows Lithan to focus on over 1
billion people, based on their location, age and other attributes.
• Opt-in e-mail marketing is exactly what it says on the tin.
Visitors or clients are encouraged to opt-in or in other words sign
up for an e-mail newsletter. It is that simple! The idea is that
participants opt-in with permission, rather than simply being added
to a database without their knowledge. This is also known as
permission marketing. Lithan makes sure that every segment of the
market is covered in their marketing through digital means of
communication.
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• Display advertising is often the first type of advertising that
springs to mind when thinking about the Internet; display
advertising is simply the adverts that you see when you visit any
website. Examples could include banner adverts which run across
the top of Page, or far more rich and complex adverts such as video
adverts; many of the banner adverts and display adverts that you
see are part of large programs such as Google AdWords, or similar.
• Online public relations, or Digital Public Relations (DPR),
tend to be digital marketing communications which encourage a
positive perception or profile of your business or organisation.
There are lessons on public relations on Marketing Teacher if you
need a refresher! However the business will be aiming to generate
positive blogs, re-tweets, Facebook shares, and similar online PR.
Be aware that PR whether online or off-line does have a cost, and
public relations is not free. In order to generate favourable content
written on your behalf, there is a large investment in terms of effort
and cash. Your online public relations might be a mention on a
news channel, either in text or video, you might also receive
positive commentary on podcasts, although these are becoming less
popular. Viral campaigns whereby an interesting or entertaining
fact or video is circulated by e-mail or social networks is probably
a better example of a contemporary public relations approach.
There are examples of viral marketing on Marketing Teacher.
• Search Engine Marketing, or Search Engine Optimisation
SEO, employ marketing tools which attempt to gain the best
position possible for your business in search engines such as
Google or Bing. Once you have attracted a new visitor, the
positioning of text or Calls-To-Action (CTA) will keep a visitor on
your site for longer, and will start to move them along your
marketing tunnel.
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• Price comparison sites where the cost of holidays, insurance and
other consumables are compared. Obviously some comparison
sites are more open and honest in terms of the results that they
deliver, whilst others are less so.
• Affiliate marketing sites are also quite interesting to study and do
tend to generate some niche income from many small sites.
Amazon has a very successful affiliate program whereby small site
owners can place code upon their site to advertise books which
Amazon sources and delivers. So you might have a website which
focuses upon market gardening, and you might advertise books
which explain how to grow tomatoes.
• Link building is also often considered a way of developing online
relationships; however be very cautious with this. Google
especially considers strong or informed links to your website as a
benefit when deciding upon your position within search results.
Obviously many Webmasters have caught on to this and tried
different linking strategies to falsely claw their way to the top of
the search engine results. All links need to be natural.
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3.2 Benefits of digital IMC
(1) Strategize with the Valuable Data and Analytics
With digital marketing, you can have an idea of the exact number
of people who have viewed your website’s homepage in real time.
With Google analytics, you can track stats and information about
your marketing website. It will let you know about –
• The number of people visiting your business page
• Their geographic location
• The sex, age and interests of the visitors
• How much time they are spending on your site
• The source of traffic from various gadgets
• Website bounce rates
• How the traffic has changed over time
By displaying a breakdown of all of this traffic information, this
intelligence helps you to prioritize the marketing channels.
The real-time data analysis provides you with a better
understanding of the effectiveness of your marketing tactics. With
access to this information, you can also optimize your marketing
budget by investing in the well-performing marketing campaigns.
(2) Content Performance and Lead Generation
Imagine you’ve created a product brochure and delivered it to
people as offline content.
Does it seem to be convenient enough?
The problem is that you have no idea how many people have gone
through that or, in the worst scenarios, how many people threw it
into the trash!
Once you create an impactful visual content, start promoting it on
social media. Through such networks, buyers would be able to
learn about products and services through influencers and peers.
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The more engagement they get, the more Google considers their
content to be worthy. And in turn, it will boost the SEO rankings
with ease.
Through digital marketing, they measure exactly how many people
viewed marketing content. Thereafter, they collect the contact
details of those who download it by using forms. Additionally,
you’re also generating qualified leads when people download it.
With a solid lead nurturing strategy, you can build better awareness
and affinity for your brand.
(3) Improved Conversion Rates
Converting a customer online is not a big deal. All you need to do
is just make your marketing strategy an engaging one.
Targeted traffic offers bigger chances for conversion. Unlike other
types of advertising, digital marketing lets you have a two-way
conversation with customers and leads.
Through digital marketing, you can reach out to your customers at
any time. Instead of bothering them with multiple phone calls,
reaching customers online seems to be a better idea. Just send an
email and let them make a purchase and learn more about your
organization. From such interactions, important leads can be
generated, which would eventually bring an increase in conversion
rates.
(4) More Cost Effective than Traditional Marketing
Digital marketing lets you save your money to a substantial extent.
This has the potential to replace costly advertising channels such as
television, radio and yellow pages.
With email marketing automation, you can boost your leads. Thus,
it will allow you to pre-load content and schedule it for sending out
the content at key times.
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(5) Higher Revenues
It’s a well-known fact that higher conversion rates can be
generated by effective digital marketing techniques. Hence, it will
deliver loads of profitable benefits for your business in terms of
better and higher revenues.
While advertising their brand:
• They have a good layout that enables easy navigation
• Use the digital platform to understand customer purchase
patterns
• Offer the right idea that meets the needs of your customers
• Use multiple digital marketing channels to gather useful data
(6) Higher ROI from Your Campaigns
Digital marketing companies optimize conversion rates to achieve
maximum Return on Investment (ROI) for businesses. With
smarter branding and better revenues, digital marketing can fetch a
better ROI than traditional marketing.
With effective tracking and monitoring methods, results can be
analyzed. It helps the organizations to take necessary measures as
soon as possible.
With digital marketing, you can generate a steady flow of targeted
traffic that gets converted into sales and leads. And, the more your
business generates this kind of traffic, the faster you can enjoy your
ROI.
(7) Compete with Large Corporations
Does digital marketing sound as foreign as binary code to you?
Don’t worry if you are dealing even with a small industry.
The importance of digital marketing also lies in the fact that it lets
you compete head to head with big brands and large corporations.
From a small vendor to a large powerhouse, digital marketing
offers an affordable and effective marketing tactics. Small brands
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can drive traffic both locally and across the country by reaching out
to their target consumers.
(8) Get Prepared for the “Internet of Things”
The “Internet of Things” is a global ecosystem of interconnected
devices – smart phones, tablets and several other gadgets. These
can help people interact with each other through the world of web.
Digital marketing will prepare your business towards this
eventuality. It will permeate through every aspect of people’s lives.
Your business survival strategy needs to be equipped with this
interconnected grid. It will provide you an access window to reach
out to targeted audience belonging to this online grid.
(9) Earn People’s Trust and Build Brand Reputation
Digital Marketing leverages on social media signals, social proof
and testimonials availed from bonafide consumers. The more
reliable these social signals are, the higher the trust rate it can
generate from targeted audiences.
People would trust information about a particular brand if the data
comes from people they know.
And once you meet their expectations, your brand reputation will
go viral. Eventually, it will open new doors of opportunities for
reaching bigger markets.
(10) Ensure Online Business Survival
Many people may come and go, but a targeted few will actually
make a purchase. If you can target the right kind of people who are
going to be your potential customers, the best results will surely
come.
By implementing smart tactics, like blogging and social media, you
can communicate with the target audience. It will help you gain
valuable feedback and insights. With these, you can strategize and
ensure the survival of your business.
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(11) Know All About Your Competitors
As they say – “Keep your friends close and your enemies closer.”
Social media competitive analysis is an integral part of your digital
marketing campaign.
When you are engaging in digital marketing, you can ask the
experts to look into your competitor’s online strategies. It will help
you to capitalize on any possible opportunities in no time. You can
see what they are doing to gain an upper hand and reach more
consumers.
Thus, you can figure out marketing opportunities and gain a strong
competitive advantage.
(12) Real Time Results
Unlike traditional methods, you can see in real time what’s
working and what’s not for your online business.
Through online marketing, you can know about:
• the number of visitors to your site
• the increase in the number of its subscribers
• peak trading times
• conversion rates
• Increase/drop in website traffic
• bounce rate
• and much more!
And this can be done just with the touch of a button.
Such results can give you a thorough idea through which you can
choose necessary steps to improve your results.
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(13) Improve Your Outreach
Since digital marketing takes place online, it is accessible to the
global audience.
Whereas traditional marketing limits you to a particular geographic
area, its modern counterpart can help you interact with the
customers quite easily.
On the other hand, it seems like having your storefront open all day
long. And with digital marketing specialists, you can respond to
posts promptly on your platforms.
It doesn’t take long for gaining publicity to enhance the prospects
and enjoy the benefits of digital marketing for your business at its
best.
If you’re not yet utilizing the power of digital marketing for your
business, you are missing a lot of golden opportunities.
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3.3 Aims and future objectives
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6. Lithan will broaden up the minds of the society in terms of
technical education and choosing right job for them.
OBJECTIVES
The institution defines its purposes and establishes educational
objectives aligned with those purposes. The institution has a clear
and explicit sense of its essential values and character, its
distinctive elements, its place in both the higher education
community and society, and its contribution to the public good. It
functions with integrity, transparency, and autonomy.
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evaluation of its performance in these areas. The institution’s
finances are regularly audited by qualified independent auditors.
FUTURE OBJECTIVES
Fortunately, there are three key initiatives that administrators can
focus on to better position their institutions to effectively address
these new realities:
1. Increase Access to New Students
2. Overcome Faculty Technology Concerns
3. Refine and Support the Student Journey
The future of higher education relies on the ability of institutions to
become more adaptable, flexible, and agile in the way they
approach the development, offerings, and support of their degree
programs and learning design. Read on to gain insight into why
these three areas are key to institutions’ success and resiliency, as
well as ways they can be implemented.
1. Increase Access to New Students
Student demographics have changed drastically in recent years as
access to higher education has increased and many working
professionals are going back to school for continuing education or
to obtain higher-level degrees. To effectively respond to these
changing demographics and to draw new students into their fold,
Lithan should consider offering strategic and scalable learning
options that align with the needs of students and the job market.
However, executing a market-focused plan to increase access to
new students can be time and resource intensive. To address this,
Lithan considers implementing a forward-thinking program
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planning approach called Strategic Portfolio Development (SPD),
which enables institutions to:
• Maximize the use of resources
• Quickly and efficiently increase the number of desirable
programs offered
• Grow a more robust and long-lasting digital presence
• Maximize the courses offered
• Bridge outcomes with workforce expectations
• Increase enrolments as students often prefer programs that allow
them to focus on a specific, market-relevant specialization.
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SWOT
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