x509212 integrated marketing week3 promo analysis
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![Page 1: X509212 Integrated Marketing Week3 Promo Analysis](https://reader036.vdocuments.us/reader036/viewer/2022082803/540465d88d7f72a6768b46c9/html5/thumbnails/1.jpg)
PROMOTIONS OPPORTUNITY
ANALYSIS
X50.9212 Integrated Marketing – Week 3
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Agenda• Components of Promotional Analysis• Competitive Analysis• Major Consumer Market Segments• Major B2B Market Segments• International Implications
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Promotional Analysis• Identifying target markets and designing a
communication plan to reach those markets
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Components of A Promo Analysis• Communications Market Analysis, aka
SWOT Analysis• Competition• Opportunities• Target Markets• Customers• Product Positioning
STRENGTHS• • •
WEAKNESSES• • •
OPPORTUNITIES• • •
THREATS• • •
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Components of A Promo Analysis• Establish Marketing Communications
Objectives• e.g. brand awareness, increase sales, increase
market share, enhance company image…• Important to investigate BENCHMARKS
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Components of A Promo Analysis• Establish Marketing Communications
Budget• % of sales (previous or upcoming year)• Meet the competition (reduce loss of market
share)• “What can we afford” (limited budgets)• Objective and task (based on each objective
individually)• Payout planning (ratio ad spend : sales)• Quantitative models (computer simulations)
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Components of A Promo Analysis• Preparing Promotional Strategies
• Top line guidance for overall campaigns; long term impact on marketing efforts
• Strategies impact marketing TACTICS
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Market Segmentation• Identifying specific groups based on their
purchasing needs, attitudes and interests – each segment has distinct characteristics
• Segments must be • Homogenous!• Distinct from the whole!• Financially viable!• Reachable by communications!
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Consumer Market Segmentation• Common ways to segment markets:
• Demographics• Psychographics• Generations• Geographic• Benefits• Usage• Geodemographic modeling systems (e.g. PRIZM,
Mosaic)• Customer value• Shopping behaviors
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Claritas PRIZM and Experian Mosaic
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Market Segmentation
SUBSCRIBERS
NFL FANS
STERN FANS
MLB FANS
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B2B Market Segmentation• Common ways to segment markets:
• Industry• Size of business• Geographic• Product usage• Customer value
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PROMOTIONS OPPORTUNITY
ANALYSIS
X50.9212 Integrated Marketing – Week 3