You are on page 1of 14

UNIVERSITY OF WALES

University ID College ID Module Course Lecturer Date :

: : : Marketing Communication : MBA Marketing :

KENSINGTON COLLEGE OF BUSINESS

CONTENTS

INTRODUCTION ..2 SIGNIFICANCE OF COMMUNICATION2 MARKETING IN

ROLE OF MARKETING COMMUNICATION BIOBANK..3-4

MARKETING COMMUNICATION STRATEGY..4 MARKETING COMMUNICATION BIOBANK..5-6 STRATEGY FOR

SALES PROMOTION .7 ROLE OF SALES PROMOTION BIOBANK.7-8 IN UK

LOYALTY ..9 TYPES OF LOYALTY ...9 IMPORTANCE OF DONOR 9-11 LOYALTY TOWARDS BIOBANK

CONCLUSION 11

INTRODUCTION This paper rationally analyzes the role of marketing communication and marketing communication strategy, which is tailored to the needs of the participants, the media, advocacy, community-based groups and publics, and to select the paramount strategy suits the best need of Biobank. The role of sales promotion in UK Biobank is conversed further, to persuade new consumers to participate and build loyalty amongst current customers. At the end, an article about loyalty by Michael Barnett is analyzed to focus on the significance of loyalty towards charity. UK Biobank is a main medical research project in UK financed by Wellcome Trust. It has health and lifestyle information and biological samples from 5,00,000 voluntary participants between 40-69 age. Its main intention is to offer a source for research for enhancing the prevention, identification and treatment of diseases and encouraging people for public advantage. Marketing communication is an inevitable part in any business. These marketing communication tools are essential in attaining competitive gain in the market. Usually, the marketers include the marketing communication costs to the price of the service or product provided to the customers. 1 IMPORTANCE OF MARKETING COMMUNICATION: Businesses employ a variety of marketing communications to endorse the company, their products and services. Marketing communication includes the plans, methods, and procedures required in obtaining the preferred marketing information to the expected target markets, not considering the channels employed (Paul Russell Smith, Jonathan Taylor, 2004). The primary objective of marketing communication is to convey a message to prospective customers and it is intended to persuade them to execute a particular action generally to buy a specific service or product (Chris Fill, Graham Hughes, 2008). Marketing communications comprise of personal selling, advertising, public relations, sponsorship, promotion, events, merchandising etc. The marketing communication process appears to be complicated while communicating with a developed market. Marketing communications have a significant role in communicating and endorsing products and services to the customers. Marketing communication assist in interacting the business with its target audience. Through advertising, the people are informed about the particular product or service available in the market and are attracted more
3

towards the service (Micael Dahln, Fredrik Lange, Terry Smith, 2009). It helps to retain the customers and improve the reputation of the organization. It will encourage the employees and increase their confidence and help to keep a good relationship with the customers. Role of Marketing Communication in Biobank: Marketing communications have an important role in the functioning of UK Biobank. Biobank is a public health service organization, which has to frequently interact with the people and its voluntary customers to inform them about their results of the recent researches. It has to convince people that their services will be highly beneficial for improving the health of people. Marketing communication tools will help to enhance the awareness of the people in medical research, especially in the advancement in the wide area of genetics so that they are made aware of the diseases and various other health problems associated with human beings. Biobank helps people to know the reason for these health hazards by studying peoples lifestyle. This is needed to enhance the health of future generations. These all can be communicated to the people only through effective marketing communication process (Graham Hughes, Chris Fill, 2007). It will help them to sustain effective interaction and good relationship with the participants and the public. The participants and the public can be informed regularly the general results from the research which was carried out based on the resource provided by them and promote continuous involvement in the researches conducted by Biobank by maintaining continuing marketing communication. Public relation is a tool of marketing communication which helps in generating sound relationships with the people associated with the organization by gaining positive publicity, developing good reputation, and avoiding bad gossips about the organization. Same way Biobank have to keep good public relations with the people. Marketing communication through public meetings where the organization can familiarize themselves with the stakeholders will be beneficial for Biobank in which they can state and discuss the various fields on which they are going to do research in that particular year (Allan J. Kimmel, 2005). These are all part of marketing communication will support Biobank to attract more people towards the project and to invite more voluntary participants to provide samples for the research, since at present, the samples are provided only by people aged between 40-69 (John R. Rossiter, Steven Bellman, 2005). Frequent interaction with the people will help them to recognize the problems related
4

to a variety of people. Efficient marketing communication will help the Biobank to create trust among the public, which is very essential for their functioning. Biobank can create high degree of publicity which will be possible only by means of marketing communications. Direct marketing which is the direct communication with precisely aimed particularized customers to get an instant reaction and develop long-term association with the consumers is also helpful to Biobank (Richard J. Varey, 2002). However, marketing communication technique may perhaps give away incorrect image about a product to the audience by increasing the demand to boost the sales. Deceptive and overstating message regarding the product or service will cheat the customers. Unpleasant messages presented through advertisements may influence the children badly. Thus the marketing communication tools especially advertising, public relations and direct marketing are inevitable for the efficient running of public service organizations like UK Biobank and will be constructive in many ways. 2 MARKETING COMMUNICATION STRATEGY: Marketing communications are necessary for creating product or service awareness in the market. So appropriate marketing communication strategy must be chosen by the marketers. For this, the marketers have to understand the current situation of the company and the market (Butterworth Heinemann, 2008). Then they have to set marketing objectives, followed by determining the method to be employed, media to be used and message to be conveyed in the process. This must be followed by suitable actions. There are three types of marketing communication strategies. Push strategy: Here, the producer focuses their several marketing attempts on endorsing their manufactured goods to retailers to persuade them to store the product (Chris Fill, Graham Hughes, 2008). At this phase, a mixture of promotional mix tactics involving direct mail and personal selling are employed. Pull Strategy: Here, in order to generate demand, the producer endorses their product among the target market. By compelling the retailers and wholesalers to store the product, consumers pull the product via intermediate channel.

Pull and Push strategies

(Source: http://www.learnmarketing.net/promotion.htm, accessed 30th May 2011) Profile strategy: Focus a variety of stakeholders by employing separate messages for each one. This strategy concentrates to fulfill the promotional goal of the organization via marketing communication. In order to rise attitude, reputation, and knowledge profile strategy is very useful (Chris Fill, Graham Hughes, 2008).

Marketing Communication Strategy for Biobank: The method of designing a marketing communication strategy has become highly complicated since marketing actions shifted to the Internet nowadays. This made it difficult to communicate with the customers. Biobank have to adopt a marketing communication strategy to communicate their services with the people. It will be difficult for Biobank to communicate directly with the people to inform them about their services. So they must rely on a mixture of push and profile strategy which will be beneficial in case of
6

Biobank instead of using a single strategy. In profile strategy, the manufacturers target the stakeholders and communicate with them through different messages for each stakeholder (Micael Dahln, Fredrik Lange, Terry Smith, 2009). Stakeholders include the employees of a company, employees, customers, suppliers, creditors, community, trade unions, and owner of a company. Biobank can use profile strategy to create awareness, acuity, and outlook in people and improve the reputation of Biobank by means of sponsorship, public relations, advertising and internal marketing tools. Through profile strategy, Biobank can communicate with their stakeholders and inform them about the recent researches conducted by them. In push strategy, the manufacturers make use of intermediate channels for the movement of the products. Here, the biobank can utilize channels like medias like television, radio etc for conveying information about their product. This communication strategy will promote the service of Biobank. Several programmes or awareness programmes can be conducted through these medias. The messages communicated through the media including the various diseases affecting human beings, their relation with the lifestyle of the individuals, the treatment and preventive measures for such diseases along with the reasons for the development of particular health problems. Such programmes will create a positive response in the viewers, which will motivate them to know more about Biobank and to take part in the various programmes conducted by them (Ludi Koekemoer, Steve Bird, 2004). These two strategies must have a clear message to communicate to the people like the information about the services offered and the benefits of such services to the people. In Biobanks case, they have to communicate the people the determination of diseases, curative measures and various other services offered by them. Biobank must make sure that the selected marketing communication strategy delivers the message unmistakably to the target customers. When choosing blend of push and profile strategy, confirm that precision and appropriate distribution are proper through the whole channel. Thus developing a combination of push and profile strategy depending upon a thoroughly planned marketing vision of the market will help the strategy to become more effective. This mixture will help to communicate with the various stakeholders along with the public through intermediate channels and different medias. The advertisements about Biobank services through television will be highly effective. Pull strategy will not be that much beneficial to Biobank. They will experience complexity in meeting every
7

people and explaining about their services. It may adversely affect the image and reputation of Biobank as the people may doubt about the quality of the Biobank and their services. On the other hand, the push and profile strategy together will yield high productivity and will improve the reputation of Biobank and will encourage them to make better of their services.

3 SALES PROMOTION: Sales promotions are straight encouragements presenting additional enticement for increasing or speeding up the transfer of products or services from the producer to the buyer (Tony Yeshin, 2006). It can be aimed at the business or the buyer. The main purposes of sales promotion are to boost the sales, offer incentives to faithful buyers, dislocate the competition, strengthen developed brands, and include consumers in loyalty programmes, development of databases, encouraging tryouts and promoting the change of brands. Sales promotion is a short-term marketing approach acquiring the structure of a short-term price discount or a canvass (David Horchover, 2002). Sales promotions will benefit at the time of introduction of new products and assist in inventory control since the customers can buy huge amount at a cheap rate. Advantages:
Creates urgency to buy a product and reduce the time for comparing

the product with the substitutes. Attain competitive advantage


8

Immediate profits in short time. Attract buyers and retain loyal customers. Disadvantages: Customers might wait only for the inducements. Might reduce the companys reputation Signify poor product quality. Decreases profit boundaries as the consumers might stock products at the time of promotion. ROLE OF SALES PROMOTION IN UK BIOBANK: Sales promotion is necessary for the existence of any organization. Sales promotion is supposed to have a considerable influence on the performance of an organization. It is any initiative a company adopts to encourage an enhancement in sales, use or tryout of a service or a product. Sales promotion will not benefit Biobank to the same extent as they do for other organizations. But, some aspects of sales promotion will be useful to Biobank. Biobank can use sales promotion techniques in order to survive in the field for so long. For a public service organization like Biobank, sales promotion is an effective tool for communicating with the public. Biobank can frequently interact with the people and its voluntary customers to inform them about their results of the recent researches (Lambert M Surhone, Miriam T Timpledon, Susan F Marseken, 2010). It will help to create publicity among the people and to enhance their trust so that they believe that the researches conducted by Biobank will help to identify the reason for various diseases and in turn helps the public. Sales promotion will assist Biobank in informing people and making them aware about the health services provided by them for the public and about several diseases and other health problems associated with human beings along with providing the reason for these health hazards by studying peoples lifestyle. This is needed to enhance the health of future generations. The can also attract new customers by convincing them that their services are helpful to them and they do not have to pay for the services. Market size can be expanded by way of sales promotion techniques. Without sales promotion, the people will be ignorant that there exist an organization like UK Biobank and various services are provided by that organization for the public. Nowadays, all people are looking for sales promotion programs before they purchase a product which will introduce the product or service to the customers and make them familiar with it (Roddy Mullin, Julian Cummins,
9

2010). When the sales promotion programs are conducted, the new customers will be introduced about the service of Biobank. Sales promotion may enhance the performance of the organization (Thomas O'Guinn, Chris Allen, Richard J. Semenik, 2008). Sales promotion is chiefly a desirable substitute when the funds are inadequate. It will encourage the people to acquire the service of Biobank. Sales promotion will give Biobank quick returns in short time. By means of sales promotional campaigns, service organizations like Biobank will be able to maintain current customers, invite new consumers, develop their services, lessen their supposed threat and ultimately, achieve the trust of their consumers. But the problem with sales promotion is that sometimes the program may affect the image and reputation of the organization. People may think that the services of the organization are poorer and that is the reason why they go for sales promotion programs. However, in spite of these benefits, sales promotion does not benefit more in the case of Biobank, as it is not a profit based organization. Its aim is not the profit, but improving the health of the public. And there does not exist any competitors for Biobank. So Biobank need not spend more for sales promotion purposes.

4 LOYALTY: Loyalty is a compound process which let the customers to generate the required associations with the services or products and develops contentment and dedication to that product (Roger L. Brooks, 2010). Loyalty is significant in the progress of the business and profit as loyal customers produce a repeated income flow by means of frequent acquisition and gives better productivity to the business at reduced cost (Roger L. Brooks, 2010). Loyalty of the customers will help the business to forecast its productivity and retain current customers along with providing motivation. Types of Loyalty:
10

Emotional loyalty: the capability to provide emotional relief, assistance and encouraging favor to others by features of kindness, trustworthiness and reverence (Adrian Sargeant, Elaine Jay, 2004). It is a peaceful courage, with affection which has banished ego and arrogance and provides unrestricted divine curing and inspiration. Price loyalty: Determined by careful management of money Incentivized loyalty: Incentivizes the consumers to purchase products by offering loyalty points or programs. Monopoly loyalty: customer having little or no alternative as there is a single seller in the market. Polygamous loyalty: loyalty towards different products or services. Importance of Donor Loyalty towards Biobank (Article Review) Loyalty of the donor is very important for the survival of charity or any business. For the effective functioning of Biobank, they need public support. They have to be provided samples for carrying out the research, which are usually provided by the people. Currently, 5, 00, 000 voluntary participants are there to provide them the samples for the research, who are very loyal towards Biobank. Apart from this, Biobank will find it extremely beneficial to get more samples from people, so that they can discover new and advanced findings from their research. These all require the public support and their loyalty. Hence, the Biobank must attempt to develop an emotional relationship with the people so that they are supported by the public. The type of loyalty that we observe in the customers of Biobank is the emotional loyalty which is a mixture of unreserved love and dedication along with the capability to provide emotional relief, encouragement to other people. Emotional loyalty has the characteristics of kindness, trustworthiness and reverence. The people with emotional shows great sympathy to others. It will banish ego and arrogance and present unreserved divine curing and encouragement (Kim Klein, 2011). Donor loyalty is very important for charity based organizations to attain financial security. Hence, in order to retain the present customers and their loyalty towards the Biobank, the management has to convince them that the grounds they assist are useful and their support is being utilized efficiently. Keeping regular long-term customers and checking their loyalty will help the Biobank to predict their developments in the research field. If the people are loyal towards Biobank, it will motivate them and helps in retention of
11

customers, which in turn reduce the expenses needed to acquire new donors (Janet L. Hedrick, 2009). It will enhance employee-consumer relations and the excellence of services. Loyalty could make the stakeholders more conscious of consumer or donor behavior. The main reason for the support of Biobank by the customer will be that they think that the reason for they support is valuable. They think that it will be beneficial to them. But many are unsure about the performance of Biobank and thinks that it will not benefit them, which is not lack of loyalty. Sometimes loyal customers encourage other people to know more about Biobank and take part in its various programmes (Adrian Sargeant, Elaine Jay, 2004). For developing donor loyalty, Biobank can employ various marketing communication means such as door drop, television, radio, telephone etc. However, the telephonic communication is quite unfavorable to the people and they prefer emails the most. These communication means has a major role in creating loyalty and attracting long-term donors (Jill Griffin, 2002). Creating loyalty among the people is not easy; especially for people who do not have a previous knowledge about Biobank. Hence, it is good to inform people about Biobank through their personal relations whom they can trust. This will encourage them to support Biobank and become long-term loyal donors. Loyalty is very high in case of regular customers, but it is difficult to create among the new customers. So the Biobank must treat the regular customers well by periodically informing about how their support is valued. The method used for communicating the people will encourage the donors to become loyal towards Biobank. CONCLUSION: Formulation and implementation of strategic marketing communication is essential for the continued existence of UK Biobank. Push and profile strategies all have their unique function and serve a particular need in marketing communication process, thus should be appropriate for Biobank as sales promotion is fail to attain its objective effectively. The analysis of why charity begins at home? depicts the emotional loyalty of the donors of charity and its importance to the charitable institutions.

12

REFERENCE:
Paul Russell Smith, Jonathan Taylor (2004).Marketing communications:

an integrated approach. Kogan Page Publishers. Chris Fill, Graham Hughes (2008).Marketing Communications.Elsevier Science. Micael Dahln, Fredrik Lange, Terry Smith (2009).Marketing Communications: A Brand Narrative Approach.John Wiley and Sons. Allan J. Kimmel (2005).Marketing communication: new approaches, technologies, and styles.Oxford University Press. Graham Hughes, Chris Fill (2007).Marketing Communications. Butterworth-Heinemann. John R. Rossiter, Steven Bellman (2005).Marketing communications: theory and applications.Prentice Hall. Richard J. Varey (2002).Marketing communication: principles and practice.Routledge. Roger L. Brooks (2010).The Power of Loyalty: 10 Essential Steps to Build a Successful Customer Loyalty Strategy.Entrepreneur Press. Adrian Sargeant, Elaine Jay (2004).Building donor loyalty: the fundraiser's guide to increasing lifetime value. John Wiley and Sons. Kim Klein (2011).Fundraising for Social Change.John Wiley and Sons. Adrian Sargeant, Elaine Jay(2004).Building donor loyalty: the fundraiser's guide to increasing lifetime value. John Wiley and Sons.
13

Janet L. Hedrick (2009).Effective Donor Relations.John Wiley and Sons. Jill Griffin (2002).Customer loyalty: how to earn it, how to keep it

Jossey-Bass. Roger L. Brooks(2010).The Power of Loyalty: 10 Essential Steps to Build a Successful Customer Loyalty Strategy.Entrepreneur Press. Tony Yeshin (2006).Sales promotion.Cengage Learning EMEA. http://www.learnmarketing.net/promotion.htm (2011) Roddy Mullin, Julian (CON) Cummins(2010).Sales Promotion: How to Create, Implement and Integrate Campaigns that Really Work.Kogan Page Publishers. Thomas O'Guinn, Chris Allen, Richard J. Semenik (2008).Advertising and Integrated Brand Promotion. Cengage Learning. Lambert M Surhone, Miriam T Timpledon, Susan F Marseken (2010).Sales Promotion.VDM Verlag Dr. Mueller AG & Co. Kg. David Horchover (2002).Sales Promotion.John Wiley & Sons, Incorporated. Ludi Koekemoer, Steve Bird (2004).Marketing Communications. Juta and Company Ltd. Butterworth Heinemann (2008).Strategic Integrated Marketing Communications.Butterworth-Heinemann.

14

You might also like