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Summary Strategic Marketing Management - Marketing Management

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Summary study book Strategic Marketing Management of Alexander Chernev (chapter 12) - ISBN: 9780982512630 (Chapter 12)

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Summarized whole book?
No
Which chapters are summarized?
Chapter 12
Uploaded on
May 18, 2025
Number of pages
1
Written in
2024/2025
Type
Summary

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Managing
communications




Goals Strategy Message Media

MEDIA BUDGET
TARGET AUDIENCE
Product- and service-
FOCUS Goal-driven: estimate of the resources required
related messages: to achieve the company’s strategic goal
Three core goals: characteristics of the
Target audience Ap
company’s products and Percentage-of-sales : percentage of the
might not co
Raise awareness services company’s sales revenues
necessarily coincide co
with its target Competitive-parity: set proportionally to the
Strengthen buyer desired share of total media expenditures
customers
preferences
Brand-related Legacy: prior year expenditures (less accurate)
In addition to aiming messages: identity and
Incite an action such the meaning
at the offering’s Affordability: based on resources available for
as purchasing promotional activities (less accurate)
target customers,
the communication
campaign might MEDIA TYPE
focus on entities Price-related messages Advertising: nonpersonal marketing communications
BENCHMARK in which the company develops the message and
influencing the absorbs most or all of the media
decision process Public relationships and social media:
Measurable criteria communications by third parties that are not directly

for succes controlled by the company
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