Promotional Strategies in - PowerPoint PPT Presentation

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Promotional Strategies in

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The physical product does not necessarily address needs. ... Provoke First Trial - Consumer Loyalty. Define Communication Objective. Creative Strategy ... – PowerPoint PPT presentation

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Title: Promotional Strategies in


1
Promotional Strategies in Global Markets
2
You never sell a drill. All you sell is a
hole in the wall.
3
Preference Formation
Purchase Behavior
Post Purchase Behavior
4
It all depends on how we look at things, and
not on how they are in themselves
C. G. Jung
5
Perception
Stimuli Sensation Attention Interpretation Per
ception
Perception is influenced by - Culture -
Context - Individual Factors
6
Motivation
Buyers are goal oriented. Motivators are based
on needs such as - Physiological Needs -
Psychological Needs - Sociological Needs
The physical product does not necessarily address
needs. It is always the perception of the product
that leads to the purchasing decision.
7
Involvement
Involvement Increases with the Perception of Risk
such as - Monetary Risk - Functional Risk -
Physical Risk - Social Risk - Psychological Risk
Involvement and Brand Loyalty are positively
correlated.
8
Problem Solving
Extended Problem Solving Limited Problem
Solving (EPS) (LPS) - High Involvement -
Low Involvement
9
Planing and Implementing Promotional Activities
Define Communication Problem - Brand
Awareness - Brand Image - Sales Increase -
Provoke First Trial - Consumer Loyalty
Define Communication Objective
Media Strategy - Availability of Media -
Frequency - Reach
Creative Strategy - Content of Message -
Message Presentation - Message Appeal
Implementation and Control
10
Creative Strategy
1. What main benefits are (or could be) perceived
by target market? 2. What should be the
main message? 3. How should the message be
delivered?
11
Creative Strategy (cont..)
Three Types of Decision Making Processes
1. Rational - High Involvement - EPS
Promotional activities should focus on - Content
of Message - Providing Information - Use of
Experts
Promotional activities should focus on -
Delivery of Message - Create Association with
Feelings, Emotions. - Use of Celebrities
2. Emotional - Medium to High Involvement
12
Creative Strategy (cont..)
Promotional activities should focus on -
Delivery of Message - Concentrate on one or two
main Benefits - Use of Average Consumer
3. Behavioral - Low Involvement - (LPS)
13
Creative Challenges of Global Advertising
Legal Constraints
Language Limitations
Cultural Diversity
Media Limitations
Production and Cost Limitations
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