Advertising,promotion, & other aspects of integrated marketing communications, 8th ed.
The field of marketing communications is ever changing. Brand managers continually attempt to gain advantage over competitors and endeavor to achieve larger market shares and profits for the brands they manage. Marketing communications, or marcom for short, is just one element of the marketing mi...
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Main Author: | |
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Format: | Book |
Language: | English |
Published: |
Cengage Learning
2020
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Subjects: | |
Online Access: | http://dspace.uniten.edu.my/jspui/handle/123456789/15761 |
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Summary: | The field of marketing communications is ever changing. Brand managers continually
attempt to gain advantage over competitors and endeavor to achieve larger
market shares and profits for the brands they manage. Marketing communications,
or marcom for short, is just one element of the marketing mix, but advertising, sales
promotions, marketing-oriented public relations, and other marcom tools are performing
increasingly important roles in firms’ quest to achieve financial and nonfinancial
goals. Marcom practitioners are confronted with the rising costs and
challenges of placing ads in traditional advertising media (television, magazines,
etc.). It is for these reasons that advertising and promotion budgets are beginning
to shift away from traditional media and toward the Internet as a means of both
accessing difficult-to-reach groups (e.g., college-age consumers) and providing an
economically viable option for conveying advertising messages and promotional
offers.
Marketing communicators realize now more than ever that they must be held
financially accountable for their advertising, promotion, and other marcom investments.
As companies seek ways of communicating more effectively and efficiently
with their targeted audiences, marketing communicators are continually challenged.
They must use communication methods that will break through the clutter,
reach audiences with interesting and persuasive messages that enhance brand
equity and drive sales, and assure firms that marcom investments yield an adequate
return on investment. In meeting these challenges, companies increasingly
embrace a strategy of integrated marketing communications whereby all marcom
elements must be held accountable for delivering consistent messages and influencing
action. |
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