The document discusses various aspects of media planning such as defining media and vehicles, the media planning process, developing a media plan, establishing media objectives, and implementing media strategies. It provides details on key considerations for media planners like targeting appropriate media types and vehicles to reach the target audience, determining optimal scheduling, and balancing reach versus frequency given budget constraints. Evaluation of media plan performance is also emphasized.
Media planning is generally outsourced to a media agency and entails sourcing and selecting optimal media platforms for a client's brand or product to use. - Prakash Joshi.
Major chunk of your advertising costs is consumed in acquiring media and therefore the decision to select right media vehicle for your voice becomes all the more crucial.
Understand the various viewpoints and key considerations involved with Media Acquisition.
Unit 3:
Media planning: Developing Media plan, Problems encountered, Media Evaluation-
Print, Broadcast media, Support media in advertising.
Media strategy: Creativity, Elements of creative strategies and its implementation, Importance of Headline and body copy.
Media planning is generally outsourced to a media agency and entails sourcing and selecting optimal media platforms for a client's brand or product to use. - Prakash Joshi.
Major chunk of your advertising costs is consumed in acquiring media and therefore the decision to select right media vehicle for your voice becomes all the more crucial.
Understand the various viewpoints and key considerations involved with Media Acquisition.
Unit 3:
Media planning: Developing Media plan, Problems encountered, Media Evaluation-
Print, Broadcast media, Support media in advertising.
Media strategy: Creativity, Elements of creative strategies and its implementation, Importance of Headline and body copy.
An advertising budget is the money a company is willing to set aside to accomplish its marketing objectives.
Media planning is generally the task of a media agency and entails finding media platforms for a client's brand or product.
Chapter 10 - Media Planning and StrategyChapter 10MEDIA .docxsleeperharwell
Chapter 10 - Media Planning and Strategy
Chapter 10
MEDIA PLANNING AND STRATEGY
Chapter Overview
Chapter 10 introduces the concepts involved in media planning. The chapter begins with an overview of media planning by introducing some key terms and concepts. At this point, the text points out that media planning is as much an art as it is a science. A number of problems associated with the planning process are discussed. The role and purpose of the media plan follows with a presentation of the steps required in developing this plan. After an in-depth discussion of the elements of the media plan, the chapter presents information regarding the use of computers in the planning process. The characteristics of various media and sources of media information are presented at the end of the chapter.
Learning Objectives
1. To understand the key terminology necessary in media planning.
2. To know how a media plan is developed.
3. To know what constitutes media objectives
4. To know the process of developing and implementing media strategies.
5. To be familiar with various characteristics of media.
Chapter and Lecture Outline
I.
AN OVERVIEW OF MEDIA PLANNING
This overview presents a brief discussion of the factors involved in the media planning process and illustrates the fact that media planning is an involved process influenced by a variety of factors including the nature of the media, the overall marketing strategy, and the product or service being advertised.
A.
Basic Terms and Concepts—some of the critical terms necessary for understanding media planning are presented including:
· media planning—the series of decisions involved in delivering the message to the target audience
· media plan—the actual document detailing these decisions
· media objectives—the objectives sought by the media plan
· media strategies—the plans of action designed to attain the media objectives
· medium—the general category of media channels such as broadcast, print, etc.
· media vehicle—the specific carrier in a media category (television, magazines, etc.)
· reach—the number of potential audience members exposed once to a media vehicle in a given period of time
· coverage—the potential audience that might receive a message through a vehicle
· frequency—the number of times the receiver is exposed to the media vehicle in a given time period
B.
The Media Plan—the goal of the media plan is to find a combination of media that will enable the marketer to communicate the message in the most effective manner possible at minimum cost. The activities involved in this plan are detailed in Figure 10-4.
C.
Problems in Media Planning—a number of problems are identified, each of which directly impacts the planning process. These include: insufficient information, inconsistent terminology, time pressures, and problems in measuring effectiveness. An understanding of these problems is critical to the proper design of the media plan.
Professor's Note.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
An advertising budget is the money a company is willing to set aside to accomplish its marketing objectives.
Media planning is generally the task of a media agency and entails finding media platforms for a client's brand or product.
Chapter 10 - Media Planning and StrategyChapter 10MEDIA .docxsleeperharwell
Chapter 10 - Media Planning and Strategy
Chapter 10
MEDIA PLANNING AND STRATEGY
Chapter Overview
Chapter 10 introduces the concepts involved in media planning. The chapter begins with an overview of media planning by introducing some key terms and concepts. At this point, the text points out that media planning is as much an art as it is a science. A number of problems associated with the planning process are discussed. The role and purpose of the media plan follows with a presentation of the steps required in developing this plan. After an in-depth discussion of the elements of the media plan, the chapter presents information regarding the use of computers in the planning process. The characteristics of various media and sources of media information are presented at the end of the chapter.
Learning Objectives
1. To understand the key terminology necessary in media planning.
2. To know how a media plan is developed.
3. To know what constitutes media objectives
4. To know the process of developing and implementing media strategies.
5. To be familiar with various characteristics of media.
Chapter and Lecture Outline
I.
AN OVERVIEW OF MEDIA PLANNING
This overview presents a brief discussion of the factors involved in the media planning process and illustrates the fact that media planning is an involved process influenced by a variety of factors including the nature of the media, the overall marketing strategy, and the product or service being advertised.
A.
Basic Terms and Concepts—some of the critical terms necessary for understanding media planning are presented including:
· media planning—the series of decisions involved in delivering the message to the target audience
· media plan—the actual document detailing these decisions
· media objectives—the objectives sought by the media plan
· media strategies—the plans of action designed to attain the media objectives
· medium—the general category of media channels such as broadcast, print, etc.
· media vehicle—the specific carrier in a media category (television, magazines, etc.)
· reach—the number of potential audience members exposed once to a media vehicle in a given period of time
· coverage—the potential audience that might receive a message through a vehicle
· frequency—the number of times the receiver is exposed to the media vehicle in a given time period
B.
The Media Plan—the goal of the media plan is to find a combination of media that will enable the marketer to communicate the message in the most effective manner possible at minimum cost. The activities involved in this plan are detailed in Figure 10-4.
C.
Problems in Media Planning—a number of problems are identified, each of which directly impacts the planning process. These include: insufficient information, inconsistent terminology, time pressures, and problems in measuring effectiveness. An understanding of these problems is critical to the proper design of the media plan.
Professor's Note.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
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Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
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https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
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Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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2. Media versus Vehicles
• Media
– General communication methods that carry
advertising messages
– Examples: television, newspapers, and Internet
• Vehicles
– The specific broadcast programs or print choices in
which advertisements are placed
– Example: Bade acha lagta hai, Mutual fund special,
mobile and gadgets etc., parichay
• Each medium and vehicle has a unique set of
characteristics and virtues
3. 11 - 3
The Media Plan
• A written document that summarizes
the objectives and strategies
pertinent to the placement of a
company’s advertising messages
4. The Media-Planning Process
• Media Planning
– Is the design of a strategy that will best allocate
investments in advertising time and space to
achieve the firm’s marketing objectives
– Involves coordinating three levels of strategy:
marketing, advertising, and media strategy
5. A series of decisions involving the delivery of
messages to audiences
Goals to be attained by the media strategy and
program
Decisions on how the media objectives can be
attained
The various categories of delivery systems,
including broadcast and print media
Either radio or television network or local station
broadcasts
A series of decisions involving the delivery of
messages to audiences
Goals to be attained by the media strategy and
program
Decisions on how the media objectives can be
attained
The various categories of delivery systems,
including broadcast and print media
Media Terminology
Media
Planning
Media
Objectives
Media
Strategy
Media
Broadcast
Media
6. Publications such as newspapers, magazines,
direct mail, outdoor, etc.
The specific carrier within a medium category
Number of different audience members exposed at
least once in a given time period
The potential audience that might receive the
message through the vehicle
The number of times the receiver is exposed to the
media vehicle in a specific time period
The potential audience that might receive the
message through the vehicle
Number of different audience members exposed at
least once in a given time period
The specific carrier within a medium category
Publications such as newspapers, magazines,
direct mail, outdoor, etc.
Media Terminology
Print
Media
Media Vehicle
Reach
Coverage
Frequency
7. Selecting Media Within Class
Selecting Broad Media Classes
Determining Media Strategy
Media Use Decision
— Print
Media Use Decision
— Broadcast
Media Use Decision
— Other Media
Selecting Media Within Class
Determining Media Strategy
Selecting Broad Media Classes
Developing the Media Plan
Setting Media Objectives
Setting Media Objectives
Marketing
Strategy Plan
Creative
Strategy Plan
Marketing
Strategy Plan
Situation
Analysis
Creative
Strategy Plan
Situation
Analysis
8. Evaluate Performance
Implement Media Strategy
Develop Media Strategy
Establish Media Objectives
Analyze the Market
Implement Media Strategy
Develop Media Strategy
Establish Media Objectives
Analyze the Market
Developing the Media Plan
9. Market Analysis and Target Market
Identification
To Whom shall we advertise
What internal and external factors may influence the
media plan
Internal and external factors may influence the
decision are media budget, managerial and
administrative capabilities of the agency
organisation. Other factors, external in nature,
include rising cost of media, changes in
technology and the competitive environment,
etc.
Where(Geographic) and when(timing) to focus the
advertising effort
10. Establishing Media Objective
• Media objectives are the goal for the media
program and should be limited to those that
can be accomplished through media strategies.
An example of media objectives is this
– Use broadcast media to provide coverage of 80%
of the target market over a six month period
– Reach 60% of the target audience at least three
times over the same six month period.
– Concentrate heaviest advertising in winter and
spring with lighter emphasis in summer and fall.
11. Developing and Implementing
Media Strategies
• Criteria considered in the development of
media plans
– The Media Mix
– Target market coverage
– Geographic coverage
– Scheduling
– Reach Vs Frequency
– Creating aspect mood
– Flexibility
– Budget Consideration
12. • The Media Mix
use various medium for promoting the product
Like TV, Print Media, Radio, Internet etc.
By combining media marketers can increase
coverage , reach frequency levels and achieve
overall communication objective
13. • Target Market coverage
– Media vehicles matched with target audience
media preferences
• Developing media strategies involves
matching the coverage of the media vehicles
to the target market. The chart on this slide
shows the market coverage possibilities.
15. – Chart 1 – shows the target market as a proportion
of the total population.
– Chart 2 – full coverage of the target market;
optimal goal
– Chart 3 – partial coverage, leaving some customers
without exposure
– Chart 4 – media coverage exceeds target audience;
some coverage may be wasted
– The goal of the media planner is to extend media
coverage to as many of the members of the target
audience as possible while minimizing the amount of
excess or wasted coverage.
16. Scheduling
• The primary objective of media scheduling is
to time advertising efforts so that they will
coincide with the highest potential buying
periods. The three scheduling methods
available to the media planner:
– Continuity – continuous pattern of advertising;
every day, every week, or every month
– A continuity schedule can be appropriate with
food products, household products and products
consumed on an ongoing basis without regard of
seasonality.
17. – Flighting – employs less regular schedule , with
intermittent periods of advertising and non
advertising.
– A flighting schedule is well suited to seasonal or
other products that are consumed mostly during
certain time periods
– Pulsing – is actually a combination of the first two;
in pulsing startegy continuity is maintained but at
certain periods advertising is increased.
– A pulsing schedule may be used for products that
have little sales variation from period to period,
but might see some increase in certain times such
as cold beverages in the hot summer months.
18. Media Objective: Continuity
• Continuity
– Involves how advertising is allocated during the
course of an advertising campaign.
– Addresses the fundamental issue of how the
media budget be distributed:
• Uniformly throughout the period of the advertising
campaign
• In a concentrated period to achieve maximum impact
• Some other schedule between these two choices
20. Reach
• Reach
– Is the percentage of the target audience exposed, at
least once, during a specified time frame to the
vehicles in which the advertising message is inserted
– OTS = opportunity to see
• Determinants of Reach
– Use of multiple media
– Diversification of vehicles within each medium
– Varying day parts for radio and TV advertising
21. 11–21
Frequency
• Frequency
– Is the average number of times during a media-
planning period that the target audience members
are exposed to media vehicles carrying a brand’s
advertising message.
22. Reach Vs Frequency
• Since advertisers have budget constraints they
are forced to make trade offs between reach
and frequency. They must decide if they want
the message seen and heard by more people
(reach) or by fewer people more often
(frequency). The various concept related to
reach and frequency are
23. • GRP(gross rating point)=Reach* frequency
• TRP(Target Rating Point)=refers to the number
of people in the primary target audience the
media buy will reach- and the number of
times
• Unlike GRP, TRP does not include waste
coverage.
24. A.Reach of One Program – total audience reached
by one program
B.Reach of Two Programs – total audience reached
by two programs (including duplicated reach)
C.Duplicated Reach of Both – duplicated reach only
(those that were exposed more than once)
D.Unduplicated Reach of Both – total reach less
duplication (exposed only once)
25. • Both concepts of reach and frequency and the
terms duplicated reach and unduplicated
reach are very important to the media
planner. Unduplicated reach indicates
potential new exposures, while duplicated
reach provides an estimate of frequency.
Most media schedules consider both reach
and frequency.
26. Reach and Frequency
A. Reach of One Program
Total market audience reached
B. Reach of Two Programs
Total market audience reached
C. Duplicated Reach of Both
Total reached with both shows
D. Unduplicated Reach of Both
Total reach less duplicate
27. Determine Effective Reach
• Effective reach represents the percentage of a
vehicle’s audience reached at each effective
frequency increment.
• Effective reach as shown on the shaded area of this
graph is between 3 to 10 exposures (though
decreasing with the number of exposures).
• Fewer than 3 exposures is considered inefficient
reach,
• while more than 10 is considered overexposure and
thus excessive reach. The exposure level is no
guarantee of effective communication as different
messages may require more or fewer exposures.
29. • Explain the concept of effective reach and the fact
that viewers may need to be exposed to a message
more than once for successful communication to
occur. This graph shows 3 exposures to be a
minimum. However, recent literature suggests that
in the current environment where consumers are
exposed to thousands of daily communication
messages, effective reach may now require a
minimum of 12 messages. Additionally, the
complexity of the message, message length, and
recency of the exposure can also have an impact on
effective reach.
31. • To determine effective frequency there are
numerous factors that need to be considered
such as marketing factors, message and
creative factors, and media factors. The
marketing factors to be considered include:
– Brand loyalty – inverse relationship; the higher the
loyalty the less frequency required
– Brand share – inverse relationship; the higher the
share the less frequency required
32. – Usage cycle – products needing to be replaced
frequently require higher frequency to maintain
top-of-mind awareness
– Brand history – new brands require higher
frequency
– Share of voice – when strong competition exists,
higher frequency is required
– Purchase cycles – shorter purchasing cycles
require higher frequency to maintain top-of-mind
awareness
– Target group – the ability to learn and retain
messages has an impact on frequency
33. Message Complexity
Message Uniqueness
New Vs. Continuing Campaigns
Image Versus Product Sell
Message Variation
Wearout
Advertising Units
Wearout
Message Variation
Image Versus Product Sell
New Vs. Continuing Campaigns
Message Uniqueness
Message Complexity
Message Factors Determining Frequency
Message
or Creative
Factors
34. Message or creative Factors Determining
Frequency
• To determine effective frequency there are
many factors that need to be considered. The
message factors to be considered include:
– Message complexity – the simpler the message
the less frequency required
– Message uniqueness – the more unique the
message the less frequency required
– New vs. continuing campaign – new campaigns
require a higher frequency
– Image vs. product sell – creating an image requires
a higher frequency
35. – Message variation – a single message requires less
frequency
– Wearout – higher frequency leads to faster
wearout ( overuse of marketing)
– Advertising units – larger units of advertising
require less frequency than smaller ones to get
the message across.
37. • To determine effective frequency there are
many factors that need to be considered.
The media factors that must be taken into
consideration include:
– Clutter – more clutter requires higher frequency
– Repeat exposures – media that allow for more
repeat exposures require less frequency
– Editorial environment – the more consistent the
ad is with the editorial environment the less
frequency required
38. – Number of media used – fewer media the lower
the frequency required
– Attentiveness – the higher the level of attention
achieved by the media, the less frequency
required
– Scheduling – continuous scheduling requires less
frequency
39. Creative Aspect and Mood
• Creative Aspects
– Building a strong creative campaign
– Choice of appropriate medium that support
creative strategy
40. • Mood
– Certain media enhance the creativity of a message
because they create a mood that carries over the
communication.
– For example think about the magazines of related
to travel and tourism, home décor.
– Each of these special interest vehicles put the
reader in a particular mood.
41. Flexibility
• An effective media strategy requires a degree
of flexibility. Because of the rapidly changing
marketing environment, strategies may need
to be modified. Flexibility may be needed to
address the following
– Market opportunity
– Market threats
– Availability of media
– Changes in media or media vechiles
42. Budget Consideration
• An important decision in the development of the
media strategy is estimating the relative cost of
advertising in various media. The overall objective of
the advertiser is to deliver the message to the target
audience at the lowest rate with the least waste..
CPM refers to cost per thousand people reached and
is calculated for print media such as magazines by
dividing the cost of the ad space by the circulation
and multiplying this amount by 1000.
43. Determining Relative Cost of Media-Print
• For the years the magzine industry has provided cost
breakdowns on the basis of cost per thousand
Cost of ad space
(absolute cost)
Circulation
CPM = X 1,000
Cost per thousand (CPM)
44. Determining Relative Cost of Media-Broadcast
• The broadcast media provide a different
comparative cost figure referred as
CPRP =
Cost of commercial time
Program rating
Cost per rating point (CPRP)
45. Evaluation and follow-up
• After implementing strategies, marketers need
to know whether or not they were successful.
• Measure of effectiveness must consider two
factors
– How well did these strategies achieve the media
objectives?
– How well did this media plan contribute to
attaining the overall marketing and
communication objectives?
46. Short Message Life
High Production Cost
Low Selectivity
High Absolute Cost
Clutter
Mass Coverage
High Reach
Impact of Sight, Sound
and Motion
High Prestige
Low Cost Per Exposure
Attention Getting
Favorable Image
High Production Cost
High Absolute Cost
Short Message Life
Low Selectivity
Favorable Image
Attention Getting
Low Cost Per Exposure
High Prestige
Impact of Sight, Sound
and Motion
High Reach
Mass Coverage
Television Pros and Cons
Advantages Disadvantages
47. Clutter
Fleeting Message
Audio Only
Low Attention Getting
Local Coverage
Low Cost
High Frequency
Flexible
Low Production Cost
Well-segmented Audience
Low Attention Getting
Clutter
Audio Only
Well-segmented Audience
Low Production Cost
Flexible
High Frequency
Low Cost
Local Coverage
Radio Pros and Cons
Advantages Disadvantages
49. Clutter
Poor Reproduction Quality
Short Life
Low Attention Getting
High Coverage
Low Cost
Short Lead Time for Placing
Ads
Ads Can Be Placed in Interest
Sections
Timely (Current Ads)
Reader Controls Exposure
Can Be Used for Coupons
Selective Reader Exposure
Poor Reproduction Quality
Low Attention Getting
Clutter
Short Life
Can Be Used for Coupons
Reader Controls Exposure
Timely (Current Ads)
Ads Can Be Placed in Interest
Sections
Short Lead Time for Placing
Ads
Low Cost
High Coverage
Newspaper Pros and Cons
Advantages Disadvantages
50. Short Ads
Local Restrictions
Sort Exposure Time
Poor Image
Location Specific
High Repetition
Easily Noticed Poor Image
Short Ads
Sort Exposure Time
Easily Noticed
High Repetition
Location Specific
Outdoor Pros and Cons
Advantages Disadvantages
51. Poor Image (Junk Mail)
High Cost Per Contact
Clutter
High Selectivity
Reader Controls Exposure
High Information Content
Repeat Exposure
Opportunities
Poor Image (Junk Mail)
High Cost Per Contact
Repeat Exposure
Opportunities
High Information Content
Reader Controls Exposure
High Selectivity
Direct Mail Pros and Cons
Advantages Disadvantages
52. Websnarl (Crowded Access)
Few Valid Measurement
Techniques
Limited Creative Capabilities
Technology Limitations
Limited Reach
User Selects Product
Information
User Attention and
Involvement
Interactive Relationship
Direct Selling Potential
Flexible Message Platform
Few Valid Measurement
Techniques
Technology Limitations
Websnarl (Crowded Access)
Limited Creative Capabilities
Flexible Message Platform
Direct Selling Potential
Interactive Relationship
User Attention and
Involvement
User Selects Product
Information
Internet Pros and Cons
Advantages Disadvantages
53. Media Objective: Weight
• Weight Defined
– The advertising volume required to accomplish
advertising objectives
• Ratings
– The percentage of an audience that has an
opportunity to see an advertisement placed in a
particular vehicle
• Weight Metrics:
– Gross rating points (GRPs)
– Target ratings
– Effective ratings