5. Promotion is a managerial process to inform, sense, sensitize,
persuade & transform the potential customers to actual & habitual
customers.
MANEGERIAL PROMOTION STRATEGY
6. A. Analyze consumer-product relationship
B. Determine the promotion objectives & budget
C. Design & implement a promotion strategy
D. Evaluate the effects of the promotion strategy
MANAGING PROMOTION STRATEGIES
7. • Requires identifying the appropriate target markets for the product
• may require considerable marketing research to learn about the
consumer-product relationship
• The FCB grid
ANLAYZE CONSUMER-PRODUCT RELATIONSHIP
8. Promotion strategies may be designed to meet one or more of the
following objectives :
• To influence behaviors
• To inform
• To transform affective responses
• To remind
DETERMINE PROMOTION OBJECTIVES &
BUDGET
9. • The involves comparing its results with the objectives
• Determining promotion effects can be difficult
• Promotion objectives stated in behavior terms can be hard to
evaluate
EVALUATE EFFECTS OF THE PROMOTION
STRATEGY