CHAPTER ONE
1.0 INTRODUCTION
In deciding on how to properly utilize the marketing communication mix to meet organization objectives, it is important to consider the relatives strength and weakness of each of the component of promotional mix. Many companies recognizes the need to integrate their various marketing communication efforts, such as media advertising, personal selling, sales promotion public relations, and direct marking to achieved more effective marking communication.
The company also develops its integrated marketing mix such as price, place/distribution, product, and promotion which consist of promotional mix as mention earlier. The integration of all these promotional tools along with other components of marketing mix to gain edge over competitions which is called integrated marketing communication. The marketers used these tools promotional mix in meeting their customer needs and want.
Further, the organization always defines its total budget first (generally define in the marketing another business plan) and then decide on the best way to leverage the different element of the mix as mentioned above in order to maximizes the return on its investment. It should also balance the various parts of the promotional mix elements to not only create an integrated approach but to its marketing communication which as to devote enough resources for each component to be successful. In marketing communication, promotional mix are important tools to consider by every organization for the purpose of attaining organizational objectives through marketing strategies in order to satisfy the needs and wants of the customers. The major concerned of this research is to talk upon those promotional mixes of the organization which include.
Advertising as one of the tools of promotional mix which used by companies penetrating, informing and reaching large, geographical dispersed audience, and often of high frequency; low cost per exposure, through over all costs are high; the consumers perceive advertised goods as more legitimate, dramatizes company/brand, builds brand, image which may stimulate short – term sales, impersonal and one way communication. Advertising is seen as one way of communication which company used to pass information or create awareness about than product in services to the targeted audience. In this regard advertising is also viewed as any paid form of non – personal communication through media by an identified sponsor.
On the other hand, personal selling is the most effective tool for building buyers preferences, convictions and actions. Personal interaction allows for feed back and adjustment. Relationship oriented, buyer are more attentive, sales force represent long term commitment which is most expensive of the promotional tools. The sales force is indeed the link between organization and their customer. They have dual responsibilities in many respects. They pass information in the form of massage firm organization to customer and bring back report from the customers, to the organization ( ie feedback).
In personal communication feed back is often instantaneous through verbal acknowledge or gesture but in impersonal communication through the mass media, it may have to be infered from other indicatiors such as audience size circulation or monitor by sampling opinion. The theory of marketing communication reveals that their must be the communication, massage, channel, audience and the fed back. The communicator is the sender of the message ie the source. The message is the set of meaning being send to received by the audience. While channel are the ways in which the message can be carried to the audience. The audience represent the receiver or the destination of the message.
On the order hand sales promotion which is one of the various ways of communicative with customers.
In recent years, the need to boost periodical sales in terms of economic slump has called for the extensive use of sales promotion activities in order to put the sales trends in a normal course. It is used to remind the customers about the existence of companies goods and service. Sales promotion is the activities which we typically called advertising but do not use mass media. The main value of sales promotion can be seen at the point of purchase. It support advertising and personal selling, but it is rarely use alone as the major promotional tool. Sales promotion technique and designed to add something extra to promotion that will encourage an exchange. They can be used to attract new customers to bring about repeat purchase and to promote off season product. In many highly competition industries, the quality of sales promotion many be the deciding factor in obtaining sales.
Another tool of promotion mix is public relation which is one of the most important tools in building relationship with companies publics. Either internally or externally. Public relations which serve as a planned that sustained effort and maintain mutual understanding and good will with organizational publics. It is used to pass good news or stories to the targeted customer about the organizations goods or service. It is also highly credible, very believable. Many forms of news or stories are pass to the audience. ie Features events and sponsorship are created. The public relation used to reaches many prospects missed via other forms of promotion mix. Dramatizes Company of product. Often, the most the under used element in the promotion mix. Relatively in expensive (certainly not “tree” as many people think than an costs involved).
Lastly but not the least, direct marketing is among the promotional mix that aid in promoting goods from point of manufacturing to the point of sales.
The direct communication with carefully targeted individual consumer to obtain an immediate response and cultivate lasting customer relationships. It include various forms as telephone marketing direct mail, online marketing, etc. four distraction characteristic eg non public, immediate, customized and interactive which are well suited to highly targeted marketing efforts.
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