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Marketing
2 Communications
For Libraries
Adjunct Lecturer:
1-1
Integrated
Marketing Communications
2 For Libraries
Session Overview
Session 2 Topics:
• Defining Target Audiences.
• Market Segmentation.
• The Corporate Image.
• Components of a Corporate Image.
• The Role of a Corporate Image
• Promoting the desired Image
• Corporate Image and Logos
• Branding Strategies
• The Role of Corporate Advertising in building
the Brand Image
• Positioning.
Session Two
2-2
Defining Target
Audiences
A group of people who receive
marketing communication
messages and have significant
potential to respond to the
messages.
Session Two
2-3
Market Segmentation
IMC experts use segmentation to
identify specific purchasing groups
based on their needs, attitudes and
interests.
2-4
Market Segmentation
Benefits of Segmentation: It focuses on the
advantages consumers receive from a
product/service rather than the characteristics of
consumers themselves. Segmenting the market
also:
- Helps marketers identify company strengths and
weakness as well as opportunities
- Serves to match the goals of the firm with a set of
consumers
- Clarify marketing objectives
- Link company strategies to select group of
customers
Session Two
2-5
Methods of Market
Segmentation
Demographics
These are population characteristics. Typical
demographics segmentation variables useful
in IMC include: Gender, age, education,
income, race and ethnicity. This is based on
the idea that people with distinguishable
characteristics have different needs.
Session Two
2-6
Methods of Market
Segmentation Continued
Psychographics
These emerge from patterns of responses
that reveal a person’s attitude, interest and
opinions (AIO). AIO measures can be
combined with demographic information to
provide marketers with a more complete
understanding of the market to be targeted.
Session Two
2-7
Methods of Market
Segmentation Continued
Generations
The concept behind this method of
segmentation is that common experiences
and events create bonds between people
beyond those based merely on age.
Session Two
2-8
Methods of Market
Segmentation Continued
Geographic Area
This method is especially useful for retailers
who want to limit marketing communications
programmes to specific areas. The primary
disadvantage is that everyone in a
geographic area receives the communication
or is exposed to the advertisement
regardless of interest.
Session Two
2-9
Methods of Market
Segmentation Continued
Geodemographic Segmentation
This method is a hydrid form as it combines
census (demographics) data with
psychographic information.
Session Two
2-10
THE CORPORATE IMAGE
A firm’s image is based on the feelings consumers and businesses
have about an organization as well as evaluations of individual
brands. Advertising, sales promotions, websites, trade promotions,
personal selling and other marketing activities are all part of the
larger umbrella of the firm’s general image.
2-11
Components of a Corporate Image
Session Two
2-12
A corporate
image
advertisement
by State Farm
A State Farm
advertisement
informing
consumers about
the company’s goal
of making driving
safer.
Source: Courtesy of
State Farm Insurance
Companies
Session Two
2-13
Role of Corporate Image continued
• Consumer perspective
• Assurance regarding purchase decision of
familiar products in unfamiliar settings
• Assurance concerning purchases where
there is little previous experience
• Reduction of search time in purchase
decision
• Psychological reinforcement and social
acceptance
Session Two
2-14
Role of Corporate Image continued
Session Two
2-15
Role of Corporate Image continued
• Company Perspective
• Extension of positive consumer feelings to
new products
• The ability to charge a higher price or fee
• Consumers loyalty leading to more frequent
purchases
• Positive word-of-mouth endorsements
• The ability to attract quality employees
• More favorable ratings by financial observers
and analysts
Session Two
2-16
PROMOTING THE DESIRED IMAGE
Session Two
2-17
PROMOTING THE DESIRED IMAGE
Continued
In making decisions about the image to be
projected, marketers should be cognizant of the
following:
• The image being projected must accurately portray
the firm and coincide with the products and services
being sold.
• Reinforcing or rejuvenating a current image that is
consistent with the view of consumers is easier to
accomplish than changing a well established image.
• It is very difficult to change the images people hold
about a given company. In some cases, modifying or
developing a new image simply cannot be done.
• Any negative or bad press can quickly destroy an image
that took years to build. Reestablishing or rebuilding the
firm’s image takes a great deal of time once its reputation
has been damaged. Session Two
2-18
Promoting the Right Image
Session Two
2-19
CORPORATE NAMES AND LOGOS
Session Two
2-20
Test for Effective Logos
• Should be easily recognizable.
• Should be familiar.
• Should elicit a consensual meaning among
firm’s target market.
• Stimulus codeability
• Should evoke positive feelings.
Session Two
2-21
Benefits of Logo Recognizability
Session Two
2-22
Logo Recognizability
2-23
Companies often
create product icons
to develop an identity
for their products.
Session Two
2-24
BRANDING
Brands are names generally assigned to a
product or service or a group of complementary
products while a corporate image covers every
aspect of the company.
Session Two
2-25
BRANDING continued
2-26
The Ford brand name:
is among world’s top 10.
provides assurance of
quality.
has high brand equity.
Session Two
2-27
Developing a Strong Brand Name
Developing a strong brand begins with the discovering
why consumers buy and rebuy a brand. The following
must be considered:
• What are the most compelling benefits?
• What emotions are elicited by the brand either
during or after the purchase?
• What one word best describes the brand?
• What is important to consumers in the purchase of
the product?
Session Two
2-28
PACKAGING
• Traditional elements
• Protect the product inside
• Provide for ease of shipping, moving, and
handling
• Provide for easy placement on store shelves
• Prevent or reduce the possibility of theft
• Prevent tampering
• New trends
• Meet consumer needs for speed, convenience
and portability
• Must be contemporary and striking
• Must be designed for ease of use
Session Two
2-29
LABELS
Session Two
2-30
BRAND EQUITY
Session Two
2-31
Benefits of Brand Equity
• Higher prices
• Higher gross margins
• Channel power
• Additional retail shelf space
• Reduces customer switching
behavior
• Prevents erosion of market share
Session Two
2-32
Building Brand Equity
Session Two
2-33
SUCCESSFUL
BRAND DEVELOPMENT
Session Two
2-34
THE ROLE OF
CORPORATE ADVERTISING
IN BUILDING BRAND IMAGE
Corporate advertising can be defined as paid use
of media that seeks to benefit the image of the
corporation as a whole rather than its products or
services alone. ---Paul Argenti
Session Two
2-35
Head and Shoulders
is one of the brands
sold by Proctor &
Gamble.
Session Two
2-36
Role of Corporate Advertising
in Building Brand Image (continued)
Session Two
2-37
Role of Corporate Advertising
in Building Brand Image (continued)
oAfter World War ІІ corporate advertising faded from view
until the 1970’s when oil companies needed to defend
themselves from allegations of exorbitant profits during the
oil crisis. Today advertising has become highly visible and
intensely scrutinized by constituencies.
oCorporate image advertising should “brand” a
company the way product advertising brands a
product.
oProduct and corporate advertising should reflect a unified
strategy since all of a company’s advertising contributes to
its overall image.
oIn some cases, the company and the product are one
and the same, and so in such a case, corporate
advertising can also mean product advertising.
Session Two
2-38
Role of Corporate Advertising
in Building Brand Image (continued)
2-39
Role of Corporate Advertising
in Building Brand Image (continued)
Session Two
2-40
Role of Corporate Advertising
in Building Brand Image (continued)
Session Two
2-41
Role of Corporate Advertising
in Building Brand Image (continued)
To build the image of the firm among customers,
shareholders, the financial community, and the
general public
To boost employee morale or attract new
employees
To communicate an organization’s views on social,
political, or environmental issues
To better position the firm’s products against
competition, particularly foreign competition, which
is often perceived to be of higher quality; and
To play a role in the overall integrated marketing
communications of an organization.
Session Two
2-42
Role of Corporate Advertising
in Building Brand Image (continued)
Corporate Image Advertising
The goal is to enhance the broad image of the firm and
this includes:
General image or positioning ads ---these ads are
designed to create a specific image of the company
in the minds of the public. (e.g. Guardian Group)
Sponsorships---by sponsoring special events,
programs, or even television shows, companies
hope to create an image of themselves. (e.g.
bmobile & Digicel)
Session Two
2-43
Role of Corporate Advertising
in Building Brand Image (continued)
Session Two
2-44
Role of Corporate Advertising
in Building Brand Image (continued)
Advocacy Advertising
Advocacy advertising attempts to establish an
organization’s position on important social, political,
or environmental issues.
Session Two
2-45
Role of Corporate Advertising
in Building Brand Image (continued)
Cause-Related Advertising
Cause-related advertising is part of cause-related
marketing efforts undertaken by a firm.
Firms often affiliate themselves with worthwhile
social causes—reducing poverty, increasing
literacy, or curbing drug abuse.
Cause-related advertising is advertising that
identifies corporate sponsorship of philanthropic
activities.
Session Two
2-46
Role of Corporate Advertising
in Building Brand Image (continued)
Advantages of Corporate Advertising
It offers an excellent means for positioning the firm and
a way of reaching target markets not reached through
other forms of advertising. It also takes advantage of
the efforts of public relations.
2-47
Role of Corporate Advertising
in Building Brand Image (continued)
Session Two
2-48
TYPES OF BRANDS AND
BRANDING STRATEGIES
Brands have personalities. They include strengths,
weakness and flaws. Many brands produce family trees.
2-49
Types of Brands and Branding Strategies
(continued)
Co-branding – the offering of two or more brands in a
single marketing offer.
2-50
Advantages of having a
Private Brands
1. Quality improvement.
2. Lower prices.
3. Higher store loyalty.
4. Lower loyalty for manufacturer brands.
5. Increase in advertising of private brands.
6. Increase in quality of private brand in-
store displays.
Session Two
2-51
POSITIONING
Session Two
2-52
POSITIONING
Session Two
2-53
POSITIONING
2-54
Positioning Approaches
1. Is relative to competition.
2. Exists in the mind of the consumer.
Attributes.
Competitors
•Consumer markets
Use or application •B-to-B markets
Price/quality. •International markets
Product user
Product class
Cultural symbol
Session Two
2-55
POSITIONING
Achieving Effective Positioning
Session Two
2-56
POSITIONING
Achieving Effective Positioning continued
- Use of application
Positioning involves creating a memorable set of uses
for a product.
- A Product User
Product User positioning strategy distinguishes a
brand or product by clearly specifying who might use it.
Apple computers originally positioned itself as the
computer for educational institutions.
Session Two
2-57
POSITIONING
Achieving Effective Positioning continued
- Product Class
Firms sometimes seek to position themselves in a
particular product class. (e.g. orange juice was long
established as part of the breakfast drink.
Session Two
2-58
POSITIONING
Achieving Effective Positioning continued
- Cultural Symbol
Identifying a product with a cultural symbol is
sometimes difficult, however can be done
successfully. (e.g. Digicel sponsorship of West
Indian cricket.
Session Two
2-59
POSITIONING
Session Two
2-60
Building Your IMC Campaign
Session Two
2-61