what is the role of marketing communication?
TRANSCRIPT
What is the Role Of Marketing
Communication?
Kotler Chapter 16Aayushi Aggarwal IIT Kanpur
“Communication is sum of all things which a person does when he wants to create an understanding in the mind of another.”
-Louis A. Allen
Marketing Communication Loosely defined,
MarCom can be described as all the messages and media you deploy to communicate with the market in order to reach your target audience.
3 idiots Marketing strategy
Butt chairs in multiplexes
Auto rickshaws bearing stickers
“All Izz Well” insurance
Role ofMarCom
Brand Equity
Provide Product
information
Lead to purchase
Voice of the
Company
Customer Equity
Role of Marketing Communications
Voice of the CompanyRepresent the voice of the company and its brandsThe goal is to stimulate a dialogue that will lead to a succession of purchases
Contribute to Customer Equity Means by which a firm
can establish a dialogue and build relationships with consumers.
Strengthen Customer loyalty
Contribute to Brand Equity
By creating brand awareness and brand image in consumer’s memories, Every brand delivers an impression that can strengthen or weaken a customer’s view of a company
Provide product information
Companies can tell or show consumers how and why a product is used, by whom, when and where.Consumers can also learn who makes the product, and what the company and brand stand for
Lead to purchase
They boost sales, strengthen brand loyalty, and can act as a catalyst for business growth