1 / 35

Achieving Synergy in Marketing Mix for Effective Communication

Learn how all marketing mix elements should harmonize for impactful messaging to customers, influencing consumer perceptions. Discover how product, price, place, and promotion must align for comprehensive communication. Explore the role of product quality cues, brand messages, sensory receptors, and pricing strategies in shaping consumer behavior and purchasing decisions.

kmatherly
Download Presentation

Achieving Synergy in Marketing Mix for Effective Communication

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. BA230-Marketing Communication

  2. Need for Synergy • Besides communication tools, all the marketing mix elements should work together harmoniously for maximum informational and persuasive effect. • The major goal is to send a consistent message  to customers.

  3. Communication Goes Beyond the Specific Promotion Mix Elements • Although the promotion mix is the company's primary communication activity, the entire marketing mix -- promotion and product, price, and place -- must be coordinated for the greatest communication impact.

  4. Marketing Mix Influences on Consumer Perception • Nature of Product • Physical Attributes of Product • Package Design • Brand Name • Advertisements & Commercials • Point of Purchase Displays • Distribution of Products

  5. Product • Individuals exchange something (e.g. money) in return for some benefit. • The entire product experience provides value to customers. • The product must be compatible with needs of the target audience.

  6. Winning the Battle of Perceptions • Many people believe that the basic issue in marketing is …convincing customers you have a better product,that in the long run the best product will win. • Not true … It’s an Illusion… there is no objective reality. Theperception is the reality.

  7. Product • The product is what the company has to offer, including its... • Design • Quality • Features • Varieties • Brand name • and logo

  8. Perceived Quality of ProductsEssentialCues • Physical characteristics of the product (such as size, color, flavor, or aroma) that serve to influence the consumer’s perceptions of product quality. • For instance,a toilet tissue is preferred for superior durability and softness and a television for movie-quality picture and sound.

  9. Perceived Quality of ProductsEssentialCues • Cues external to the product (such as price, store image, or brand image) that serve to influence the consumer’s perception of a product’s quality. • For instance, BMW’s slogan has helped build its brand image: "The ultimate driving machine”  

  10. Brand Message • Almost anything related to brand conveys a message about the value of product. • Two different products serving the same need can be compared on the basis of price for example: 5 dollars and 45 dollars per product. • Consider a toothpaste in a supermarket which is covered with dust and placed at the last shelf.

  11. Brand Name • A name that provides the customer with an easily identified theme to increase product recognition. • The brand name fulfills a special role acting as a summary message on a package. • Consumers use brand name as signals of product quality.

  12. Brand Value Coca Cola: $71.861 billion IBM: $69.905 billion Microsoft: $56.087 billion

  13. Purchasing and Consumption Processes are Related to Senses Occurs through stimulationof our five senses. • touch • taste • smell • sight • hearing

  14. Sensory Receptor: Sight • Colors and learned associations • Colors and mood • Red: powerful, dangerous, exciting, hot, appetizing→ Burger King, KFC • White: clean, pure→ laundry detergents

  15. Sensory Receptor: Sight • Green: natural, peaceful, harmonious, environment friendly→ BP logo • Blue: authoritative, respectful, meditative cool- cold→ Arko cooling after shave cologne • Black: cold, sophisticated, prestigious → Johnnie Walker Black Label scotch → Mont Blanc pen

  16. Sensory Receptor: Sight • Shape perception • Long and large shapes are perceived as strong and effective. • Short and thin shapes evoke elegance, fragileness. • Round shapes are perceived as feminine, harmonious. • Cornered shapes evoke dynamism, masculinity.

  17. Sensory Receptor: Smell • Smell and emotions→ perfumes • Smell& childhood associations→Pelikan

  18. Sensory Receptor: Touch • Touch→ Shetland sweater → Solo → Linen, pillow

  19. Sensory Receptor: Taste • Culturally determined • Lifecycle changes→ Becel • Negative taste experiences

  20. Packaging • Offers convenience to  consumers • Prevents waste and make  storage easier • Promotes the product by  communicating its features,  uses, benefits, and image

  21. Packaging • Packaging can improve perceived product quality. • Packaging can make the difference in ease of use, more distinctive. • Selpak side opening facial tissue can be opened either on the top or on the side of the pack enabling the easy use of the product in the car door pocket in addition to the conventional access.

  22. Price • One of the most important elements of the marketing mix. • The amount charged for a product or service should support its positioning • A pricing which is out of synchronization with the product and other marketing mix elements will confuse customers and hence lead to lower sales.

  23. Price/Quality Relationship • The perception of price as an indicator of product quality (e.g., the higher the price, the higher the perceived quality of the product). • High price reflects the exclusiveness of the product for example, Porsche. • Value for customer = (Perceived Benefits - Perceived Price)

  24. Consumer Evaluation of Price • Some products are subject to objective evaluation by customers e.g., a car with features as ABS, air conditioning, airbags, alarm, central locking... • Whereas, some products are not appropriate for objective evaluation as beer and cigarettes.

  25. Pricing • Fixed and variable costs • Competition • Company objectives • Proposed positioning strategies. • Target group and willingness to pay

  26. Place • Where tangible product is purchased or service is provided • Is it convenient? • Where people are predisposed to pay attention to the promotional message • Are we taking full advantage of these places?

  27. Observational studies have shown that time in store and amount spent are positively related. The more time in the store, the more money spent. Place is everything for low-involvement products. Place

  28. Place

  29. Store Image • Overall perception the customer has of the store’s environment. • Physical elements in a store’s design appeal to consumers’ emotions and encourage buying • Interior layout, colors, furnishings, and lighting, exterior storefront and entrance design, display windows

  30. Store Image

  31. Store Image

More Related