Document from University about Integrated Marketing Communication. The Pdf explores IMC, its definitions, concepts, and the principles of 4E, 4C, and 4S, along with advantages and disadvantages of online advertising like SEM and mobile advertising, useful for Economics students.
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Capítulo 1 Approach First of all we have to give a definition about what is Integrated Marketing Communication (since now IMC). Some of the more relevant are:
IMC is a strategic planning process designed to ensure that all brand contacts received by a client or future client are relevant to that person and consistent over time. The IMC represents holistic thinking that must consider all aspects of marketing and the actions and communications derived from it and it is a consequence of the phenomenon of digitization and arises from the need that the company has to:
A strategy to send a single, consistent message across all communication channels to your brand users or receivers. To be sure about the consistency in the message the brand/company has to develop the IMC Rabostic Planning Model and it will be implemented and controlled. The output of the planning process is the IMC mix. And the last step is to create the IMC wheel model where doesn't matter which communication the consumer choose because all the channel will be sending the same objectives and messages.
The Rabostic Planning Model includes: Research, Audience, Budget, Objetive, Strategy, Tactics, Implementation, Control.Without integrated marketing, a brand runs the risk of sending mixed messages, which can make the image projected to customers inconsistent.
The IMC practice involves:
Integration is not easy to achieve but when it is achieved, the 4Es, 4Cs, 4Ss of IMC create the synergistic benefits of integration.
The 4Es of integrated marketing communications are:
The 4Cs:
The 4Ss:
1.1 IMC Profits In market you can find a huge number of advertisements flooding both online and offline communication channels. Marketing messages run the risk of being overlooked and ignored if they are not relevant to consumers' needs and wants.One of the major benefits of integrated marketing communications is that marketers can clearly and effectively communicate their brand's story and messaging across several communication channels to create brand awareness. IMC is also more cost-effective than mass media since consumers are likely to interact with brands across various forums and digital interfaces. As consumers spend more time on computers and mobile devices, marketers seek to weave together multiple exposures to their brands using different touch points. Companies can then view the performance of their communication tactics as a whole instead of as fragmented pieces. The other benefit of integrated marketing communications is that it creates a competitive advantage for companies looking to boost their sales and profits. This is especially useful for small- or mid-sized firms with limited staff and marketing budgets. IMC immerses customers in communications and helps them move through the various stages of the buying process. The organization simultaneously consolidates its image, develops a dialogue, and nurtures its relationship with customers throughout the exchange. IMC can be instrumental in creating a seamless purchasing experience that spurs customers to become loyal, lifelong customers.
1.2 Factors discoursing IMC Mind-set: The fear of change and loss of control felt by individuals associated with the industry. Elitism: Not only organizational structures encourage separatism, elitism exhibited by individuals within each promotional mix specialism. Dimensions of Integration: To be implemented, integrated marketing communications requires the involvement of the whole organization and its agents from the chief executive downwards. Manager ability: The skills required are wide with few possessing the ability to master them.Adequacy of budgets: Budgets are often set with the short term in mind rather than the long term and as a cost rather than an investment. Many companies fail to invest in the development and maintenance of a database. Magnitude of task: To be implemented IMC requires the involvement of the whole organization and its agents from the chief executive downwards. Structure of organisations: Subdivided tasks into sub-units (departments). Project teams and cross-functional assignments can help to break down organizational barriers there still remain problems with vertical communications, 'functional silos' (Gonring 1994; Schultz 1993) in which individuals and groups are protective of their own specializations and interests.
1.3 Communication models Fundamental to the understanding of marketing communications is an understanding of the marketing communications process and how marketing communications works from the sender of the communication to the receiver of it. B Before talking about marketing we have to start for the communication process in general. The basic model includes:
Sender Message Media Receivers Communication as a linear model The following communication models begin to be more complete and include new aspects that appear in the communication process. When you are listening to the radio, you are the receiver. The sender is the person who transmits the message, for example, an informative. Theinformation is encoded in words, which are transmitted through the ear canal. You decode the message in order to interpret the message, the information. This example illustrates the linear model, which describes communication as a one-way process, where a sender (the speaker) intentionally transmits a message to a receiver. But in this model the sender doesn't know if his message has been received. If it has been received or it was received correctly. The receiver is considered from a passive perspective where, for example, an instruction would be transmitted disregarding the effect that this instruction causes, its effective or incorrect understanding.
Sender Encode Message Media Decode Receivers Communication as an Interactive Process It is a circular model, where communication is considered as a process that ends when the sender receives feedback on the effect of his message. It is therefore a two-way process that perceives communication with a participatory nature involving the receiver. Sender Encode Message Media Decode Receivers Feedback Here, the participants alternate as senders and receivers. Both produce meaning by transmitting messages and receiving feedback, within the framework of physical and psychological contexts This approach includes feedback as a key factor in the communication cycle. Notice in the figure above the inclusion of feedback. This is the response to your message that tells you what effect it has had on the recipient. And that, in reality, is a message in itself. This component is extremely important as it allows you to know to what degree your message has been properly received and, if necessary, repeat it in another way to facilitate its decoding and understanding by the other person.
Capítulo 2 Public Relations We are going to start with Public Relations as one of the strategies that below to IMC. PP.RR is the great unknown in the society. Probably if you ask someone what is that they are going to answer with multiple meanings, but no one correct. But Public Relations are one of the most important pillars in the creation of a IMC strategy. According to the Public Relations Society of America "Is a strategic communication process that builds mutually beneficial relationships between organizations and their publics" A good strategy of PP.RR helps to:
2.1. Why is it necessary a PR Strategy?