Imc
Imc
Imc
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Introduction:
Communication is the process of conveying thoughts and sharing the meanings among
individuals or organizations. Communication which can be described as the paste that keeps
combined a channel of distribution. The function of communication within channel of
marketing is an important issue from both a theoretical and managerial point of view.
Communication in marketing channel can function as the process by which
influential information is transmitted. Though the Marketing literature admits that
communication plays a vigorous role in channel functioning, it provides no integrated
theory for channel communication.
services. Tools can be brochures, telemarketing, websites etc. Objectives of the marketing
communication are to provide information to target audience and to boost the sales.
Integrated Marketing Communication (IMC) is a term that emerged in the late
20th century regarding application of consistent brand messaging across myriad marketing
channels. IMC was developed mainly to address the need for businesses to offer clients
more
than
just
standard
advertising.
The
concept
of
Integrated
Marketing
Communications (IMC) makes definite sense so much so that trainee in the field may
get amaze what all the confusion is about. IMC recommends that marketers focus at the
customer first- his or her preferences, buying patterns, media exposure, and other factors
and then customer is exposed to the products that fits its need through mix of
communication methods which the customer find more attractive and credible.
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Raman and Naik (2005) defined the IMC in following words, an IMC program plans and
executes various marketing activities with consistency so that its total impact exceeds the
sum of each activity. It is a strategy in which different communication tools like
advertising, public relations, sales promotion, direct marketing and personal selling work
together to maximize the communication impact on target consumers (en.wikipedia.org).
IMC is also defined as a management concept which is designed to make unified force of
different aspects of marketing communication such as sales promotion, public relations,
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Importance of IMC:
Each strategy has its own importance which can be evaluated from the results and impact of
that strategy. IMC is supposed as a key competitive advantage in many organizations
because sales and profit can be increased while saving the time, money and stress by
applying IMC (Smith, 2002). This fact is also recognized by agency executives (Kitchen
and Schultz, 1997).IMC has positive impact on communications, creativity and cause
consistency in communications. Real contribution of integrated promotional mix can make a
strategic tool for business. IMC provides new dynamic model that facilitate the business
to make marketing communication as consumer oriented. It makes easy availability
and access of goods and services and makes message more efficient and reduces product
related risks in the mind of consumers.
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Objectives of IMC:
There are always some specific objectives behind every strategy and these objectives are
the end results of that strategy. IMC strategy of communication is also focused to achieve
specific objectives.
Schultz (1993) said that objective of IMC is to influence the behavior of target audience.
The ultimate goal of IMC is to setup customer oriented sensibilities, help in resource
allocation, achieve competitive advantage and develop business process in all direction of
organization and its operations that add value for its customer.
Despite these major objectives, there are some common objectives like create brand
awareness, favorable customer attitude and to drive business & revenue (ehow.com).
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Components of IMC:
When going to develop any strategy, there are always different elements which support to
develop that strategy. These components can be said as pillars of that strategy. Each pillar
has its importance and all pillars are essential for the successful implementations of strategy.
In the same way, IMC strategy is consisted of three main elements: the consumer, the
channels and the evaluation of results. These components are discussed below:
I.
Consumers:
In this element it is interrogated how consumers get information as well as how the
II.
delivery of that exchange of information affects the message's form and contents.
Communication channels:
This element interrogates several channels and how much effective each channels is
III.
in IMC strategy.
Results:
It considers how the level of intricacy in IMC strategies leads marketers to measure
result by designing new ways.
According to Linton, there are different elements of IMC; these elements are media,
message consistency, design consistency, reinforcement and sales alignment. Media is used
to perform specific role and is used to create awareness about the product to the prospects.
In advertising campaign of product only main features are highlighted and more
deeply details are provided through direct mailing, websites, telemarketing, brochures etc.
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Message should be consistent i.e. same message should be delivered through different media.
Design consistency refers to consistency in color, photographs and other visual elements and
proper linkage among these elements. Design consistency reduces cost and increases impact
on the audience. Reinforcement is about the result evaluation. It evaluates how much the
strategy successful and whether the required message is delivered.
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When we are going to develop the strategy, we have to follow different steps or stages.
Mostly these steps are followed in sequence. Kitchen and Schultz (2000) described the
stages in the developmental process of IMC.
These stages are
1. Tactical co-ordination (content)
2. Redefining the scope of marketing communications (channels)
3. Application of information technology (stakeholders)
4. Strategic and financial integration (results)
First stage requires the cross-functional and interpersonal communications within and outside
the business in order to achieve synergy and consistency which creates - one sight, one
sound.
In second stage, organizations collect the extensive information about the customer and apply
to arrange marketing communications and to evaluate feedback and then the most favorable
channel in the mind of prospect is selected.
Third stage declares the accessible data sources and globally segmented databases are built to
get understand and identify the relevant and profitable customers.
In fourth stage firms constantly control the marketing communications performance from
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ROI perspective.
According to Akers, there are different steps which are involved in developing IMC
plan. These steps are analysis, identity, goals and budget. First step is the analysis of
prospects to whom the message will be communicated. It is about to know the demographic
characteristics of target audience. Second step is concerned with creating brand or company
unique identity. This stage matches the identity of brand to the characteristics of prospects
and differentiates the brand from those of competitors. In third step the specific objectives
related to brand identity and purpose of brand are determined. Fourth step is the allocation
of money for IMC plan. This step ensures that budget is carefully allocated that increases
revenue.
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Synergy
function: Integrated into one
Communication
product
Widespread audience
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According to Schultz, IMC just not rely only on integration of promotional mix, it also
heavily depends on infrastructure, staffing, marketing budget and skills. It is assuring that
only combination of promotional mix is not the IMC but infrastructure of business should
support. Despite of good staff and skills, marketing budget is most important, due to lack of
budget whole effort become useless. Similar factors described by Kitchen et al. that nature
of business, marketing development and required investment by business have great
influence on IMC.
According to Vargas nature of the product, nature of the market, stage in product-life-cycle,
price and funds available for the promotion have major influence. It is also important to
notice that product is suffering which stage in product-life-cycle, at each stage strategy
differs. If stage is perceived wrongly then strategy becomes useless and result may differ
from the required result. Reid considered attributes of the organization including type and
size, as well as position in the market as influencing factors.
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IMC play important role to build the close relationship with customers. It provides the
right points to know what the customers want and what their needs are. So the organization
can provide life time value to customers. According to Vantamay, there is positive impact of
IMC on the organizational performance. Organizational performance can be checked
through different dimensions; these dimensions are
a)
b)
c)
d)
e)
Organizational infrastructure,
Interactivity,
Mission marketing,
Strategic consistency and
Planning & evaluation
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Brand equity can be defined as the differential effect of brand knowledge on consumers
reaction to the brand marketing, it occurs when the consumer is close with the brand and
contains some favorable positive strong and unique brand associations in the memory.
Kitchen et al, identified that IMC is not only a communication process, but also a process
connected with management and brands. Schultz, Tannenbaum and Lauterborn, explained the
impact of IMC on brand equity in terms of contacts, a contact is any information-bearing
endure that a customer has with the brand, including experience of using the product and the
words of mouth.
According to Schultz, IMC has been suggested as a strategic business process that could
cause to establishing brand value. It is widely accepted that influential communication is
important in enabling the creation of brand awareness and brand image, that is, brand equity.
According to Chang and Thorson, IMC, with synergy among the several communications
vehicles as its essential concept, could potentially generate the greatest persuasion impact in
consumers' encounters with brand contacts.
According to Kotler- IMC can contribute to the brand equity by crafting brand image and
embedding the brand in the consumers memory.
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Barriers to IMC:
It is not easy to develop and implement a strategy. When going to develop and implement
strategy, organization faces many barriers. As IMC has more benefits for the Agency and
Company, but it faces many obstacles in developmental process. According to Moriarty
cross-disciplinary managerial skills are considerable obstacles to IMC.
Duncan and Everett described the egos (consider superior-I myself to others) and turf battles
(competition to achieve a segment) as primary barrier to integration. Eagle and Kitchen
recognized four groups of possible obstacles to IMC success; these groups contain control
issues, resources issues, cultural issues and flexibility issues.
Schultz considered the concept of campaign as a problem in IMC, because IMC focus on
long-term relationship building while campaign is executed for the short-term.
Tsikirayi, Muchenje and Katsidzira found budgetary restrictions and poor quality product
as barrier in planning and implementing the IMC. Due to budget restriction, promotion
can be of poor quality and undermine the sale of good quality product, while poor quality
product can neglect the impact of good promotion due to boycott of product by the users.
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When a strategy is applied then first priority is to check and evaluate the result that how far
strategy is successful. After the implementation every strategy gives the result whether in the
form of success or failure. All strategies are developed by focusing the success. IMC is also
considered as successive strategy. Providing information, creating awareness, changing
attitude, enforcing brand loyalty and building company image are the effective results of
IMC (Potluri). Brand equity can be enhanced by pursuing a strategy that integrates
the various marketing communications tools (Vargas).
Vantamay indicated the five factors to measure the effectiveness of IMC program; these
factors are
1)
2)
3)
4)
5)
Customer responses,
Market performance,
Brand exposures,
Communication effect and
Channel support.
Customer response is mixture of 5 indicators; these indicators are brand loyalty, customer
satisfaction, brand extension, brand referrals and brand preference.
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Discussion:
IMC focuses on customer that how greater values can be transferred to customer by
organization which is supported by IMC, it helps organization to make close relationship
with customer by attacking the dimensions of organizational performance. Our main
objective of this review paper is to differentiate the IMC with traditional marketing
approach, which can be seen that how IMC differ the traditional approach. Crossdisciplinary managerial skills, egos, turf battles, concept of campaign, budgetary restrictions
and poor quality product are major barriers to IMC. To make IMC impact more efficient,
barriers removal is most important.
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Conclusion:
This is the project report in which we tried to explore IMC from different aspects that what
IMC is and what is its impact on business. IMC is being practiced at very large scale
worldwide. IMC gives positive impact with successful promotional integration if it is
implemented with proper process. It gives positive impact as brand equity, brand awareness,
profitability and changing attitude of consumer. But all the factors which are influencing the
IMC should be managed properly. IMC strategy should be made considering different
aspects which might leave negative impact. Expanding the concept of IMC tells us about
its impact, factors influencing it and what are barriers. To get the effective impact barriers
should be removed by managing the influencing factors.
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Bibiliography:
Books:
https://www.google.co.in/webhp?hl=en#hl=enIN&q=integrated+marketing+communication
https://en.wikipedia.org/wiki/Integrated_marketing_communications
http://www.smallbusiness.chron.com
http://www.v5.books.elsevier.com/bookscat/samples/9780750663618/9780750663618.PDF
http://www.writework.com/essay/imc-and-marketing-comparison
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