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High Quality Lecture Notes for Marketing Fundamentals

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The aim of this course is to provide you with a sound understanding of the principles of marketing. In a nutshell, understanding marketing comes down to understanding your customers. Thus, even if you have no interest in pursuing a career in marketing per se, the knowledge and skills acquired in this course will be essential to your success in business. The course assumes no previous knowledge of marketing and will give you an overview of the basic marketing planning process, including segmentation, branding, pricing, distribution, and promotion. These concepts are brought to life through interactive lectures, discussions, and guest lectures. Furthermore, you will work on a marketing plan for a real-life start-up throughout the course.

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June 14, 2023
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2021/2022
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Dr sabrina gottschalk
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SMM542 Marketing Fundamentals Week 10 Lecture Notes


Market Communications
Integrated Marketing Communications is a process which involves the blending of
different elements of the communications mix in mutually reinforcing ways. This then
creates a unifying experience across different touchpoints and coordinating different
media channels to optimise effectiveness of communications programmes.
 The 2 Dimensions of Integration:
o Integrating brand themes:
 Managing visible brand elements consistently.
 Consistent thread of what the brand stands for and its brand
personality.
o Integrating Media Channels
 Appreciate that media channels are nowadays interlocked,
audiences are dispersed and that consumers differentiate little
between differing media.
 IMC integrates Customers
o Builds a relationship with the customer
o Creates continuous two-way communication
 Traditional (TV) Advertising
o Advantages:
 Still comparatively wide reach
 Good for building brand awareness and image
 Can be targeted pretty well
o Disadvantages
 Difficult to directly induce behaviour
 Impact is relatively difficult to measure
 Expensive
 Sales Promotion
o This is a short-term communication tool to encourage the purchase of a
product/service.
o It can induce brand awareness and trial.
 Product Placement
o Advantages:
 Usually less interruptive
 Transfer effect of positive association with movie (character)
 Multiple exposure through re-runs, Internet clips etc.
 Leverage effect through additional advertising
o Disadvantages:
 Viewers might not notice the placement
 It can evoke reactance, especially if it is too obvious
 Depends on the success of the movie/show
 Guerrilla Marketing
o This refers to using unconventional and surprising tools to
communicate a message.
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