12+ +industrial+communication+strategy
TRANSCRIPT
8/8/2019 12+ +Industrial+Communication+Strategy
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INDUSTRIAL INDUSTRIAL
PROMOTIONAL PROMOTIONAL
STRATEGYSTRATEGY
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Communication ToolsCommunication ToolsConsumer MarketsConsumer Markets
ADVERTISING ADVERTISING
Sales PromotionSales Promotion
PERSONAL SELLINGPERSONAL SELLING
Direct MarketingDirect Marketing
PR/ PublicityPR/ Publicity
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ommun ca on oo sommun ca on oo s
Industrial MarketsIndustrial Markets
PERSONAL SELLINGPERSONAL SELLING
Direct MarketingDirect Marketing
Sales PromotionSales Promotion
Advertising Advertising
PR/ PublicityPR/ Publicity
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Communication ToolsCommunication Tools
Industrial MarketsIndustrial Markets
Exhibitions or EventsExhibitions or Events
Seminars and ConferencesSeminars and Conferences
Press ReleasesPress Releases
Editorial CommentsEditorial Comments
Feature ArticlesFeature Articles
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Communication/Promotional tools
Personal Sellingsales calls
sales presentation
team selling
relationship marketing
Direct marketing
direct mail
telemarketingonline marketing channels
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Communication/Promotional tools
Sales PromotionTrade shows or Exhibitions
Catalogues
Sales incentives (one kind of motivation for sales force & dealers)
Promotional novelties( gifts)
Seminars
Demonstration
Promotional letters
Entertainment
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Communication/Promotional tools Advertising
Print mediaGeneral business publications (Business India, Business world, Business
Today)Trade journals (particular technology or industry, Security, Building,Hospital products)Industrial directories( yellow pages, business dairies)
Public relation and publicityPublic relations department typically located at the corporateheadquarters and deals with various categories of people, including customers,suppliers, shareholders, employees, press, legislators, government officials,and public interest groups. Company has to manage these groups in order to build a
good image.
Charitable donations Adopting villagesCommunity relations (club membership)News item and press
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Basic Objectives of Basic Objectives of
CommunicationCommunication AwarenessAwareness
PerceptionPerception
EnquiriesEnquiries
Qualified LeadsQualified Leads
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Uses of Industrial AdvertisingUses of Industrial Advertising
Create AwarenessCreate Awareness
Reaching buying influencersReaching buying influencers
Disseminate Information on ProductDisseminate Information on Product
Enhance Company·s ReputationEnhance Company·s Reputation
Generate Leads to Sales PeopleGenerate Leads to Sales People
Enhancing the sales callEnhancing the sales call
Increasing over all sales efficiencyIncreasing over all sales efficiency
To Reassure Consumers andTo Reassure Consumers and
Overcome Post Purchase DissonanceOvercome Post Purchase Dissonance
Supporting channel membersSupporting channel members
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Identify the Target AudienceIdentify the Target Audience
Determine the Communication ObjectiveDetermine the Communication Objective
Determine the Promotional BudgetDetermine the Promotional Budget
Developing IndustrialDeveloping Industrial
Communication ProgrammeCommunication Programme
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Develop the Message / StrategyDevelop the Message / Strategy
Select the MediaSelect the Media
Evaluate the Promotional ResultsEvaluate the Promotional Results
Integrate the Promotional ProgrammeIntegrate the Promotional Programme
Developing IndustrialDeveloping Industrial
Communication ProgrammeCommunication Programme
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TARGET AudiencesTARGET Audiences ² ²
External or InternalExternal or Internal Existing CustomersExisting Customers
Potential CustomersPotential Customers
Past CustomersPast Customers
IntermediariesIntermediaries
External InfluencersExternal Influencers
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AudiencesAudiences ² ²
External or InternalExternal or Internal External InfluencersExternal Influencers
-- PressPress-- Professional BodiesProfessional Bodies
-- Trade AssociationsTrade Associations
-- ConsultantsConsultants
-- AcademiciansAcademicians
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AudiencesAudiences ² ²
External or InternalExternal or Internal Customer Facing EmployeesCustomer Facing Employees
-- Internal and ExternalInternal and External
Sales ForceSales Force
-- Service PersonnelService Personnel
-- Telephone OperatorsTelephone Operators-- ReceptionistsReceptionists
-- SecretariesSecretaries
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PROMOTIONAL BUDGET
Companies are facing the question as how much to spend onpromotion or what should be the promotional or communicationsbudget.
There are four common methods used to set a promotion budget. Are as follows
Affordable Method: company thinks what can afford
Percentage of sales method: certain percentage of sales set apart for promotion
Objective & Task Method: task involved in achieving theobjectives & estimating the costs to perform the tasks.
Competitive Parity Method: the budget is set at that level whichmatches the promotional expenditure of the competitors.
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Developing the Message strategy
What says it ( message to say) ( content) How to say it logically (Message structure)
How to say it symbolically (Message format)
Who should say it ( Message source)
The decisions regarding message content, message
structure, message format and message source areinfluenced by certain factors in the businessenvironment like cultural factors, legal factors,customer characteristics and buyer behavior.
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Media selectionPrint media
Business magazines,Trade publications,
Industrial directories
Direct Marketing
direct mail,( promotional letters, catalogues, audiotapes, videotapes, and computer diskettes)
Telemarketing,( for lead generation)Catalogs and
Data sheets( techy information, benefits, photographs, competitive informationfor comparison)
Electronic Media
E-commerce: Internet advertising like online marketing channels: database
search, bulletin board, product support, online shopping.internet users can send email, access information, use the company website tosearch data and shop for products.
Television and Radio normally uses to create a demand among the customers sothat derived demand arises.
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Evaluation of AdvertisingWhile evaluation of advertising pre-testing and post-
testing has to be done on the following key areas.Pre testing Post testing
Markets : Measure reaction of message Measure changes in awareness
Motives : Product benefits appeal to them Measure motives did purchase occur
Messages: What message says & how well it said Determined if ad was seenremembered, believed
Media: Determine the best combination of media whether media used effective inreaching audience
Scheduling: Determines reach, frequency & continuity Determines if schedule was effective.
Budgeting: Determine the optimum level of expenditure Evaluates effectiveness of budgetingusually done through computer simulation strategy
Over all results evaluates whether objectives were achieved. Determineswhether to continue or change, and how much to
spend in the future
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Integrate the promotional programme
The basic objective in integrating the variouscommunication tools is to provide clarity, consistency,maximum impact and the cost effectiveness to thecompanys communication plan. To achieve this objective,the following points are suggested
The company should appoint a head of communication
The company should build a database by measuring theresults of promotional plan in relation to the goals, cost effectiveness and the message consistency
Conduct the training programmes for all the handlingvarious communication tools so that they think of integrating the promotional communication programme.
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Use of sales promotion in IM Trade shows
Setting specific objectives Reaching the target audience Allocating funds Premiums, incentives and specifically advertising
( Ballpoint pens, calendars, cigarette lighters,base ball caps or gifts to the prospects)
Use of publicity in Industrial Market:
Publicity gives high credibility and low cost, its an effectivepromotional tool. When favorable editorial material(articles) about a company or product placed in the media,it generates sales leads and brings better relationship withcustomers.
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Thank YouThank You