imc - challenges & opportunities @mica (01.02.10)
TRANSCRIPT
Integrated Marketing Communications –Strategic Opportunities & Challenges
Chandradeep MitraFebruary 2010
The 10 Commandments of Sergio Zyman
‘The End of Advertising As We Know It’
Sergio ZymanWith Armin Brott (2002)
Advertising today is much more than TVCs. And should do much more than TVCs can.
Commandment 1
Everything Communicates. Every brand contact with the customer.Even what you don’t do and don’t say.
Commandment 2
Marketing & Advertising are not art forms, but the science of selling.
There is no room for creative indulgence.Their only job is to sell, sell, sell.
Commandment 3
Awareness and Image don’t mean much if the brand doesn’t sell.
Commandment 4
Trying to retain existing customers is much easier and more profitable
than trying to attract new ones.
Commandment 5
One very important(yet underused & underestimated)
marketing tool is Packaging.It is often the first impression
or the last defense of a brand with a consumer.
Commandment 6
Another set of Powerful Marketing Tools are Sponsorships & Endorsements. But very few marketers manage a
strategic long-term ROI-driven approach.
Commandment 7
Any publicity is not good publicity. Managing Perceptions,
especially at times of crises, needs a strategic planning orientation.
Commandment 8
Customer Service & Relationship Management are becoming the biggest brand-building tools.
Commandment 9
How your employees behave with your customers hugely impacts your brand.And how you treat & train your employees
impacts their behaviour with customers.
Commandment 10
Four Kinds of Media
Four types of channels for brand contacts with consumers
Four Kinds of Media
• Purchased Media• Earned Media• Owned Media• Developed Media
Purchased Media
Traditional bought out Advertising Space or Time in Mass Media.
Purchased Media
• Advertising in mass media– Newspapers– Magazines– TV– Radio– OOH– POS…
Earned Media
Brand coverage in Third Party, Neutral Media Space.
May be Influenced, not Controlled.
Earned Media
• PR• WOM• Social networking• Buzz marketing• Viral marketing…
Owned Media
Media space Owned, Controlled and Managed over Long Term by Brand Owner.
Owned Media
• Website• Company blogs, newsletters, emails…• Packaging• Company transport• Own stores• Franchisees• Offices• Call Centres…
Developed Media
Contact Opportunities created for the Short Term to promote a Brand.
Developed Media
• Events• Activations• Store promotions• Contests• Roaming Field Teams• Home/Office visits• On site sampling…
In Increasing Order of Marketer’s Control
• Earned media• Developed media• Purchased media• Owned media
In Increasing Order of Consumer Impact
• Owned media• Purchased media• Earned media• Developed media
The First Era of Marketing Communications
InsertionContact
Exposure
The Second Era of Marketing Communications
InteractionConnectionEngagement
The Third Era of Marketing Communications
InfluenceCo-CreationExperience
Insertion
Interaction
Influence
Contact/Expose
Connect/Engage
Co-create/Experience
Four stages of influencing tomorrow’s consumers
1st stage – Stage of Inquiry
Issues & Insights
Issues – Business, Marketing, Communication & Media issuesInsights – Consumer insights from three spheres of influence – Media, Business & Brand, and Society
Phase of problem definition, discovery & inputs
‘Know the future’
2nd stage – Stage of Invention
Intelligence & Imagination
Intelligence – Strategy, analysis, optimisation and plan creation (quantitative, left brain)
Imagination – Idea generation, innovation, out-of-box thinking (qualitative, right brain)
Phase of creating the blueprint of a solution
‘Show the future’
3rd stage – Stage of Interpretation
Investment & Integration
Investment – Budget benchmarking, resource allocation, negotiation, mix optimisation
Integration – Synergizing multiple media & platforms, traditional & new media, media & content
Phase of implementation, activating the solution
‘Sow the future’
4th stage – Stage of Influence
Impact & Inference
Impact – Outcomes in terms of consumer influence, across media, marketing & business deliverables
Inference – Learnings and takeouts that can be inputted into future campaigns
Phase of results & learnings for the future
‘Grow the future’
The Four Stages of CreatingConsumer Influence
• Inquiry Issues & Insights
• Invention Intelligence & Imagination
• Interpretation Investment & Integration
• Influence Impact & Inference
‘Know the Future’
‘Show the Future’
‘Sow the Future’
‘Grow the Future’
Stage 1
Stage 2
Stage 3
Stage 4
IMC – Opportunities & Benefits
Cohesion
‘One Voice’ across Contacts
Consistency
‘One Voice’ over Time
Complimentarity
Different Roles for Different Contacts
Customer Focus
Sharper & Contextual Targeting of Relevant Audiences
Effectiveness
Best Use of Relevant Media
Synergy
The Multiplier Effect
Synchronicity
360 degree, Surround & Engage
Optimisation
Maximum Impact at Minimum Cost
Opportunities & Benefits of IMC
• Cohesion - ‘One Voice’ across contacts• Consistency - ‘One Voice’ over time• Complimentarity – Different Roles for Different
Contacts• Customer focus – Sharper & Contextual Targeting of
Relevant Audiences• Effectiveness – Best Use of Relevant Media• Synergy – The Multiplier Effect• Synchronicity – 360 degree, Surround & Engage• Optimisation – Maximum Impact at Minimum Cost
IMC – Issues & Challenges
Specialist Skills
What skills do you need for a particular marketing challenge, How do you access
& assess the capabilities?
Overall & specific objectives
How do you align specific roles & objectives of individual capabilities
with the larger plans & tasks?
Appreciation of others’ roles
How can the generalists appreciate and support the specialists’ roles, and how can the specialists appreciate & compliment
the overall & other specialists’ roles?
Integration - how?
Choosing & agreeing on a common approach or framework to integration
Alternative Approaches to Integration
• Integration approach based on Defined Marketing Tasks /Consumer Needs
• Integration approach based on a Creative Idea• Integration approach based on choice of most
Relevant Touch Points/ Media and Budget Optimisation
Integration – by whom?
Choosing and agreeing on the function and role of an Orchestrator, working out operating systems & processes for
coordination & communication
Teamwork
Organisational structures, cultures, ownership, responsibility & revenue sharing
Innovation
Innovation leadership, acceptance, NIH Syndrome, Idea funnel,
implementation logistics
Allocation of budgets & revenues
Finding & agreeing on an objective system of budget optimization, handling conflict due to
separate contracts and fees
Thank You