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11-Jan-13 Marketing Communication (MKT2043) CHAPTER THREE ANALYZING THE COMMUNICATION PROCESS Prepared By; Siti Aisah Binti Haji Sapiee Assistant Lecturer MMC Sarawak References: Belch G.E & Belch M.A; Advertising and Promotion; An Integrated Marketing Communication Perspectives‚ 4 th Edition PART 1 THE COMMUNICATION PROCESS The Nature of Communication Forms of Encoding Verbal • Spoken Word • Written Word • Song Lyrics The communication process is complex‚ and often unsuccessful
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Marketing communication overview Marketing communication (MarCom) is a fundamental and complex part of a company’s marketing efforts. Loosely defined‚ MarCom can be described as all the messages and media you deploy to communicate with the market. This includes advertising‚ direct marketing‚ branding‚ packaging‚ your online presence‚ printed materials‚ PR activities‚ sales presentations‚ sponsorships‚ trade show appearances and more. Note: The complexity of the MarCom topic makes it too broad
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I. MARKETING COMMUNICATION 1.1 Background Every organization works with certain objectives and these are to be achieved. To achieve these pre-decided objectives a number of activities are to be performed. The activities may include production‚ marketing‚ human resource‚ finance‚ transportation‚ service‚ research‚ logistics‚ purchase and storage‚ trading‚ assembling‚ distribution and others. These activities are performed and are related to each other so that the objectives can be fulfilled
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Module Code: MK0388 Module Title: Marketing Management and Strategy Distributed on: Week 6 Hand in Date: TBC Instructions on Assessment: The assessment has two parts: Group work (presentation and peer evaluation) contributes 25% of the overall mark The individual assignment contributes 75% of the overall mark Seminar activities (25%) Students will work in small groups within their seminar and make a number of presentations on their chosen organisation. Further information on
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Marketing Strategy Marketing Strategies Implemented by Corporations 1. Strategies based on Market Dominance – In this scheme‚ the companies are classified based on their market share of dominance of an industry. Typically there are four types of market dominance strategies: Leader Challenger Follower Nicher 2. Porter generic strategies – strategy on dimensions of strategic scope and strategic strength. Strategic scope refers to
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TER 5 Market Segmenting‚ Targeting‚ and Positioning C O M P E T E N C Y O B J E C T I V E S F O R M A S T E R Y 1. Identify the role of market segmentation in developing a marketing strategy. 2. Identify criteria for market segmentation. 3. Identify common types of positioning strategies. Suppose you’ve created a great new offering you hope will become a hot seller. Before you quit your day job to market it‚ you’ll need to ask yourself‚ “Who’s going to buy my product?” and
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TOPIC 1: MARKET-DRIVEN STRATEGY 1.1 THE STUDY OF STRATEGIC MARKETING (Page 2-3) ACTIVITY 1.1 (Page 3) Research a Malaysian company that you believe has been adopting market-driven strategies. Identify those strategies. Why do you consider this company to be successful? SEFF-CHECK 1.1 (Page 3) In your own words‚ define strategic marketing. Strategic marketing is a “market-driven process of strategy development‚ taking into account a constantly changing business environment and the need to
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satisfaction as their mission. The objective for the company is to become the worldwide well known household appliance brands. Basically‚ Pensonic target on the niche market. They mainly focus on one product line which is home appliances. The marketing mix is the most fundamental elements that needed to operate a company. Pensonic introduce a green product which is a mini portable fridge need to consider all the factors in term of the quality‚ safety‚ design‚ packaging and so on. After a new green
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competition require continuous analysis of competing forces. Business and marketing strategies need to take advantage of opportunities and to avoid threats. Market leaders and competitors cannot fulfill their executive role unless customer’s needs and desires are understood and satisfied. Strategic marketing is creating a plan to better reach and satisfy customer while increasing profitability and productivity. Competition strategy is an important strategic planning process to help management understand
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