Professional Documents
Culture Documents
(Dwight D. Eisenhower)
Essence of planning is to find outwhat are the feasible alternatives are and reduce them to a set on which decisions can be made. Decision Making involves choosing from among the alternatives. A complete advertising plan reflects the results of the planning and decision making process and decisions that have been made in a particular product market situation.
Consumer/Market Analysis
Situation Analysis
Competitive Analysis
Role of AD,,SF,,Promotion PR,Price Obj/Seg/Pos Msg Str/Tactics MS/Tactics Facilitating Agencies S&L Constraints
Advertising Plan
Implementation
Situation Analysis
Conduct a Situation Analysis to specify goals and discover what problems and opportunities exist in the marketplace. Conducting a Situation Analysis enables the advertiser to select a target segment and position based on facts.
Annual reality check.
Situation Analysis
Start by considering your goals. Marketing Objectiveshow much sales or market share should be increased Advertising or Communication Objectiveswhat should be said or communicated in the ad (awareness of new product or feature, etc.)
A. Nature of Demand 1. How do buyers (consumer and industrial) currently go about buying existing products or services? Describe the main types of behavior patterns and attacks. 2. Can the market be meaningfully segmented or broken into several homogeneous group w.r.t what they want and how they buy
B. Extent of demand
1. What is the size of the market now and what will the future hold? 2. What are the current market shares, and what are the selective demand trends? 3. Is it best to analyze the market on an aggregate or on a segmented basis?
C. Nature of competition
1. What is the present and future structure of competition? a. No. of competitors b. Market Shares c. Financial resources d. Marketing/Production resources and skills 2. What are the current marketing programs of established competitors? Why are they successful or unsuccessful? 3. Is there an opportunity for another competitor? Why? 4. What are the anticipated retaliatory moves of competitors? Can they neutralize different marketing programs we might develop?
D. Environmental Climate
1. What are the relevant PEST trends?
E. Stage of PLC
1. In what stage of life cycle is the product category? a. What is the chronological age of the product category? (Younger more favorable than older?) b. What is the state of consumers knowledge of the product category? 2. What market characteristics support your stage of life cycle evaluation?
What is the amount and composition of the marginal or additional cost of supplying increased output?
Situation Analysis answers to dozens of questions, including questions of history of product, distribution, pricing, packaging, consumer analysis and competition.