The document defines promotion as persuasive communications that modify behavior and thoughts to inform, persuade, and remind consumers. Promotion includes advertising, personal selling, sales promotion, public relations, and direct marketing. The objectives of promotion are to lead to behavior modification, inform consumers, and persuade and remind consumers. Promotion helps communicate product information to potential customers and is crucial for brand building. An effective promotional mix attracts, persuades, and reminds customers of a brand while helping differentiate products and counter competition.
The marketing environment represents a mix between the internal and external forces which surround an organization and have an impact upon it, especially their ability to build and maintain successful relationships with target customers.
The marketing environment consists of the micro and macro environment.
Macro environmental factors include social, economic, political and legal influences, together with demography and technological forces. These are sometimes referred to as the PESTLE factors and are discussed in more detail in PESTLE analysis. The organization cannot control these forces, it can only prepare for changes taking place.
Micro environment refers to the forces closely influencing the company and directly affect the organizationโs relationships. The factors include the company and its current employees, its suppliers, marketing intermediaries, competitors, customers and the general public. These forces can sometimes be controlled or influenced and are explained in more detail in Porterโs 5 Forces.
Porterโs 5 Forces model is an excellent tool to analyze the structure of the competitive environment. Two important forces are the bargaining power of customers and the bargaining power of suppliers.
Supplier power is represented by their ability to determine the terms and price of supply and will increase if there are fewer suppliers than buyers, if the organization is not a key customer for the supplier, or if their industry is not attractive for suppliers.
Buyer power refers to the pressure that customers exert on companies to obtain high quality products and services at lower prices. Buyer power increases when there are few buyers and many sellers in the field, or when products are not significantly differentiated and can be easily substituted. For the seller, buyersโ demands represent costs. This means that the stronger the buyer is, the less profit available for the seller, which is why many companies try to develop strategies that reduce the power of buyers.
The PESTLE Analysis is a framework used to scan the organizationโs external macro environment. The letters stand for Political, Economic Socio-cultural, Technological, Legal and Environmental.
The marketing environment represents a mix between the internal and external forces which surround an organization and have an impact upon it, especially their ability to build and maintain successful relationships with target customers.
The marketing environment consists of the micro and macro environment.
Macro environmental factors include social, economic, political and legal influences, together with demography and technological forces. These are sometimes referred to as the PESTLE factors and are discussed in more detail in PESTLE analysis. The organization cannot control these forces, it can only prepare for changes taking place.
Micro environment refers to the forces closely influencing the company and directly affect the organizationโs relationships. The factors include the company and its current employees, its suppliers, marketing intermediaries, competitors, customers and the general public. These forces can sometimes be controlled or influenced and are explained in more detail in Porterโs 5 Forces.
Porterโs 5 Forces model is an excellent tool to analyze the structure of the competitive environment. Two important forces are the bargaining power of customers and the bargaining power of suppliers.
Supplier power is represented by their ability to determine the terms and price of supply and will increase if there are fewer suppliers than buyers, if the organization is not a key customer for the supplier, or if their industry is not attractive for suppliers.
Buyer power refers to the pressure that customers exert on companies to obtain high quality products and services at lower prices. Buyer power increases when there are few buyers and many sellers in the field, or when products are not significantly differentiated and can be easily substituted. For the seller, buyersโ demands represent costs. This means that the stronger the buyer is, the less profit available for the seller, which is why many companies try to develop strategies that reduce the power of buyers.
The PESTLE Analysis is a framework used to scan the organizationโs external macro environment. The letters stand for Political, Economic Socio-cultural, Technological, Legal and Environmental.
A tool in Marketing Communication that manifest immediate purchase with the help of impulsive buying decision. learn about various methods of sales promotion and key techniques.
slide share on promotion strategy how the promotion strategy works in selling out the products and how promotion activities are necessary to sell the more products and to increase the sale as well as profit of the company
This Presentation describes the fourth P of Marketing. The presentation discuss Promotion Definition, Integrated Marketing Communication Process, Promotion Mix, Marketing Communication, Marketing Communication Process, Objectives of Promotion, Advertising, Sales Promotion, Public Relation and Direct Marketing
A tool in Marketing Communication that manifest immediate purchase with the help of impulsive buying decision. learn about various methods of sales promotion and key techniques.
slide share on promotion strategy how the promotion strategy works in selling out the products and how promotion activities are necessary to sell the more products and to increase the sale as well as profit of the company
This Presentation describes the fourth P of Marketing. The presentation discuss Promotion Definition, Integrated Marketing Communication Process, Promotion Mix, Marketing Communication, Marketing Communication Process, Objectives of Promotion, Advertising, Sales Promotion, Public Relation and Direct Marketing
Detergent Market in India as of 2015 (Surf Excel, Ariel, Nirma, Wheel, Tide, ...Arjun Parekh
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Porter's Five Forces, Porter's Generic Strategies, STP, Perceptual Map for all of the following.
1) Surf Excel vs. Ariel,
2) Nirma vs. Wheel,
3) Tide vs. Ghari
This .ppt originally contained video but I had to remove them due to size issues.
This presentation links all the above mentioned brands with Porter's 5 forces model and Porter's Generic Strategies.
Data Modelling 101 half day workshop presented by Chris Bradley at the Enterprise Data and Business Intelligence conference London on November 3rd 2014.
Chris Bradley is a leading independent information strategist.
Contact chris.bradley@dmadvisors.co.uk
Advertising management Unit - 1 for BBA 3rd SemesterYogesh Kumar
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This is a short Presentation on Advertising Management for BBA Students who is Studying in BBA 2nd Year.
It Covers all the Basic terms about Advertising.
-Introduction of Advertising
-Importance of Advertising
-Role of Advertising
Advertising is a form of marketing communication used to promote or sell something, usually a business's product or service.
The word advertising comes form the latin word "advertere meaningโ to turn the minds of towards". Some of the definitions given by various authors are:
According to William J. Stanton, "Advertising consists of all the activities involved in presenting to an audience a non-personal, sponsor-identified, paid-for message about a product or organization."
According to American Marketing Association "advertising is any paid form of non-personal presentation and promotion of ideas, goods and services by an identified sponsor".
Advertising is used for communicating business information to the present and prospective customers. It usually provides information about the advertising firm, its product qualities, place of availability of its products, etc. Advertisement is indispensable for both the sellers and the buyers. However, it is more important for the sellers. In the modern age of large scale production, producers cannot think of pushing sale of their products without advertising them. Advertisement supplements personal selling to a great extent. Advertising has acquired great importance in the modern world where tough competition in the market and fast changes in technology, we find fashion and taste in the customers.
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HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
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Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
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A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
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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.
Memorandum Of Association Constitution of Company.pptseri bangash
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www.seribangash.com
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:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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
Unveiling the Secrets How Does Generative AI Work.pdfSam H
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At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
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Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
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2. DEFINITION OF PROMOTION
๏ข According to Philip Kotler,
๏ข โPromotion compasses all the tools in the
marketing mix whose major role is persuasive
communications.โ
๏ข According to Stanston,
๏ข โPromotion includes, advertising, personal
selling, sales promotion and other selling tools.โ
3. Objective of Promotion
๏ข Leads to Behavior Modification.
ii. Modify behavior and thought. Eg. Persuading to drink Coca Cola
rather than Pepsi.
iii. Reinforces existing behavior. Eg. Persuading to continue coca cola
once customer began to take.
๏ข Objective to Inform.
๏ข Objective to Persuade.
๏ข Objective to Remind.
๏ข Specific to Remind.
4. Role of Promotion
๏ข Promotion helps marketers to communicate information to
potential customers. This information could be about the
Product existence (awareness), value and benefits offered
by the product (utility).
๏ข A well designed promotion mix is extremely crucial for
brand building and positioning. In fact communication or
promotional mix is at the centre stage in brand positioning
and brand building activities.
๏ข Promotional mix or IMC help marketers to attract,
persuade, urge and remind customers of the companies
brand.
๏ข Effective promotion prove helpful in product differentiation
and also help to counter competition.
5. Components of Promotion
๏ข Advertising.
๏ข Sales promotion.
๏ข Personal selling.
๏ข Public relation.
๏ข Direct Marketing.
All of the above components when used in
combination constitute a Promotional Mix of
a firm or Organization.
6. Advertising
๏ข โAdvertising is any paid form of non personal
presentation and promotion of ideas, goods and
services by an identified sponsor.โ
๏ข Advertising is the form of communication
intended to promote the sales of the product or
services to influence the public opinion, to get
political support or to advance a particular
causes.
7. Features of Advertising
๏ข It is mass communication process.
๏ข It is informative action.
๏ข It is persuasive Act.
๏ข It is competitive act.
๏ข It is not the part of product.
๏ข It is Paid for.
๏ข It is non personal presentation.
8. Advantages of Advertising.
๏ข Advantages to Manufacturer.
II. It increases the sales volume.
III. It increases the Net Profits.
IV. It controls Product Price.
V. It helps in Opening New Market.
VI. It Maintain existing Market.
๏ข Advantages to Salesman
8. Curtails the Burden of the salesman job.
9. Least Efforts.
๏ข Advantages to Wholesalers and Retailers.
11. Create easy sales.
12. Increase the turnover.
13. Attract the more customers.
9. Advantages of Advertising.
๏ข Advantages to Customers.
2. Easy Purchasing.
3. Saves time.
4. Choose best quality product.
5. Educates the customers.
๏ข Disadvantage of Advertising
7. Less Persuasive.
8. High level of wastage.
9. Not targeted well.
10. Difficult to evaluate.
11. Little interactive.
12. Costly.
10. Classification of Advertising
๏ข According to Geographical Spread
2. National Advertising..
3. Local Advertising..
4. Global Advertising..
๏ข According to Target Group.
6. Consumer Advertising.
7. Industrial Advertising.
8. Trade Advertising.
9. Professional Advertising.
11. Classification of Advertising
๏ข Institutional Advertising.
๏ง Institutional Advertising.
๏ง Product Advertising.
๏ข Timing of response it Elicits.
5. Direct Action advertisement.
6. Indirect Action Advertising.
12. Steps in Designing Advertising
Campaign
๏ข Identify the target Audience.
๏ข Set the advertising Objectives.
๏ข Determine the advertising budget.
๏ข Design the message.
๏ข Evaluate and select the media.
๏ข Create an advertisement.
๏ข Measure the impact.
13. Sales Promotion
๏ข According to Philip Kotler,
๏ข โSales Promotion consist of diverse collection
of incentive tools, mostly short term designed
to stimulate quicker or greater purchase of
particular product or services by consumers or
the trade.โ
๏ข From the above definition one can understand the following
characteristics of Sales Promotion
4. It is mostly short term in nature.
5. Its only objective is to promote sales quickly.
6. Sales promotion is done with channel partners as well as the
customers.
14. Commonly used tools and
techniques of sales promotion
๏ข Sponsorships.
๏ข Demonstration.
๏ข Trade fairs and Exhibition.
๏ข Coupons.
๏ข Exchange offers.
๏ข Free samples.
๏ข Loyalty programmes.
๏ข Contest.