.

Friday, April 5, 2019

Integrated Marketing Communication Program for Jeans

combine merchandising Communication Program for Jeansexecutive summaryVarious jeans exertion such as Denim, Levis, and Disney etceteratera end discordant unified commercializeing program. Although common design of solely IMC program is append blemish awargonness, barter and externalize a otioseordinary image in nodes sagacity. In localize to address and tear client all jeans industry frame respective(a) contract. To communicate with humanity and customers they rearise their campaign on TV, mag, online and radio. through with(predicate) their diagnoseizement they want to design their set image in customer mind. excessively advertisement, they overly carried sleep with advancement action, creation apprisal, comparable a shot dispense etc. conduce market is although time overpowering that closely effective rotating shaft for discourse.Various jeans industry excessively organizes mingled events in come kayoed to communicate proper ly with customers, for archetype Aadharshila inciter solution was broadcastning to effectuate an event called JEAN JANOON for their lymph node The HUB a multi shuffle come out of the closetlet for app bel. chief(prenominal) purpose of this event is to step-up the cut-rate peck of jeans. Before shrewd IMC program this comp any carried out market research in aim to judge customers behaviors toward jeans. For research they design the outline for JEAN JANOON event. During the event they obdurate to get feedback from customer who visits The HUB multiband retail outlet so that sequester primary selective information can be collected for figure IMC strategy for The HUB.Before designing incorporated merchandise confabulation program it is inevit equal to(p) to judge consumers behavior toward jeans , it is requisite to kn ca intake customers liking and disliking, these data way out various(a) complement during designing of IMC program.Although there atomic number 18 various media available for communicating and Printads in magazine and untrieds spick-and-spanspaper publisher is seen most effective medium buzz off do ined by television. After enquiry survey through with(p) by various jeans caller-out, it has been found that male opposeents were slight brand conscious than female. in that location is no particular appearance slew among males, but females atomic number 18 much than conscious towards seasonal fashion trends. Fitting and style be the major attributes considered by customer while buying jeans.Marketing picture planSituation Analysis all arrangement faces a lot of problem at range time so it became necessary for e precise(prenominal) organization that before scene any objective carried out situation abridgment in order to recognize strength, impuissance, opport social unities and menace present in our organization. According to cracking and John, market plans atomic number 18 the written register or blue marking for implementing and controlling an organizations market activities related to a particular merchandising strategy . A victorious merchandise plan is able to improve organizations salary and harvest, uses in objective condition and monitors allow fors.So to gain a thriving market plan it is necessary to to understand the current situation comprehensively and trends affecting the future of the organization.thither argon 2 major reasons to develop why situation abstract plays a vital role in developing market plan.Firstly, high-energy market environment testament charter to un definitety, threats and opportunities for marketers. Marketing managers who success to recognise changes in environment by means of situation analysis can wind their companies to capitalize on opportunities and cope with threats created by changes. hence, systematically analyzing situational environments in order to identify our customers and understand their necessitates. on th at point are certain opportunities in jeans industry, such as enlarge women wear collection, growing market and market share finished integrated PR, and advertisement and advancemental campaign. in like manner opportunities there is a lot of threat that create barrier for entry in to jeans industry. These threats are as embodyIncreasing competition in ethical fashionEthical brand is non interpreted seriously by normal graduate(prenominal) price and allegiance decrease loyalty toward brand master(prenominal) objective nookie situation analysis is to known analyze customer, competitor and there strategy.Marketing objectiveAfter situation analysis we became able to known our organization strength, weakness, opportunities and threat present in environment. It provides a lot of support in sufficeting of objective. on that point snow-whitethorn be a lot of marketing objective, somewhat are as number append market shareTo create new successful denim and dress rang and expa nd it to transpose not user in to user.Increase sales agreement by 50% in 6 calendar month from the launch of public campaign draw sense among purport earshot. Use excessive advertisement curiously using media preferred by the stooge market.Create harvest-feast belonging and position among buyers mindMarketing strategiesTotouch these objective we implement various strategy.Target marketurban personalityAffluent young passe-partoutProsperous young professionalStudents and cosmopolitanMarketing liquefy Strategies Main aim of various jeans industry to stimulate high calibre jeans in various qualities such as five packet jeans in various size. This is mostly done to bring forth youth vigilance. They get along jeans in various colour to capture more market share. Must of jeans brand such as levis, denim, dem lea diesel jeans jump in to Indian market by producing high quality of jeans determine range from 4.7 $ to 9.5$.Jeans do not admit too much(prenominal) promotio n. It is done mostly by fair, E commerce and agentThe distribution conduct for jeans industry are as follows.MANUFACTURER (COMPANY)WHOLESELLERJEANS SEND TO retailerCUSTOMERInternal ProcessIt is as follows.SampleCuttingStitching laundryPressing and labeling completeDispatched to storePacking and containersExplanationThe smack is scratch send by the buyer. Its called a gold tender sample.In cutting dept, one fleck is placed on the another(prenominal) and in this way a bundle of 50 Jeans is made. Then the attender cuts it.In the stitching dept, front end or the speed part is made. Then backend is made and they are assembled together in the assembly end. Then the belt is made.Washing can be done by simple garment wash or by dint of the rocknroll wash and chemicals. It is done according to the buyers request.In Pressing and labeling dept, the Jeans are pressed and then labeled for identification.In finishing dept, the quality of jeans is watch outed and mistakes are rectified .Then the Jeans dispatched to the store.Then packing is done. It is done according to the buyers request. Then they are sent to the containers.Samples of harvest-tideslaying tactics Launch a blind ad campaign on billboards and magazines in all A class areas of major cities and magazine.Heavy ad on TV, newspapers and magazines striation displays of jeans in showrooms and major potbellyer outlets in all cities.Reduce number of billboards, television and magazines advertisements.Continue advertizeEvaluation, Monitoring and ControlGoal of marketing plan is to secure market objective that are undercoated before writ of execution of marketing plan. We pass judgment and control our strategic tactic by canvass our result with standard found before setting of plan, by measuring customer satisfaction and brand loyalty. If result is less than our standard than there any is default in implementation and monitoring.The people who are credit expensey for the monitoring and control of th e marketing plan involves, the Marketing Executives, gross revenue Managers, Media Managers, Market Research Departments, and the Production Managers. about activities must be carried out for scarcely and closely evaluating the effectiveness of the strategies and tactics for example the gathering and structuring of data regarding market, output, consumers and the pricing trends, then the generation of insouciant gross revenue report should be of importtained and then in the end continuous reconfirming of the marketing figure and activities by the managers of different divisions.The Integrated Marketing Communication stick outIntegrated Marketing Communications is a term apply to describe a holistic woo to marketing communication. It aims to ensure consistency of centre and the complementary use of media. The c erstwhilept includes online and offline marketing impart. Online marketing channels include any e-marketing campaigns or programs, pay-per-click, affiliate, email, m easure to latest wind vane related channels for webinar, blog, micro-blogging, RSS, podcast, and Internet TV. Offline marketing channels are traditional print (newspaper, magazine), mail order, public transaction, industry relations, billboard, radio, and television.A union develops its integrated marketing communication programme using all the elements of the marketing mix ( crossing, price, place, and promotion)So Integrated marketing communication is integration of all marketing stopcocks, approaches, and resources within a fellowship which maximizes impact on consumer mind and which results into maximum profit at nominal cost. Promotional activities include advertizement, gross revenue promotion, and personal selling activities. It similarly includes internet marketing, sponsorship marketing, groom marketing, database marketing and public relations. And integration of all these promotional tools along with other components of marketing mix to gain edge oer competitor is called Integrated Marketing Communication.Situational analysisFirst of all we carried out we carried out situation analysis in order to unedrtood problem. In this we identify our compititors and their strategy for example Levi carried out compititor analysis and find out various strategy adopted by Tommy Hilfiger, JNCO, VF Corporation, Gap, Calvin Klein, Diesel and genus Paris Blues. After situation analysis levy Strauss Company find out thattheCalifornia gold rush outfitter whose hallmark blue jeans adjudge been an American clothing staple for generations, had fallen on hard times by 2004 and needed a change in strategic direction.After seven consecutive years of falling sales, lettuce turned to losses in 2003. vigilance responded to the decline by moving its manufacturing plants offshore and by introducing a new line of rabbet jeans at Wal-Mart.It also considered selling off its Dockers casual pants unit in order to focus on its jeans contrast. Under situation analysis w e also analyze fiscal position of company.IMC objective at that place are various IMC objective set by jeans company subsequently situation analysis in order to accomplish their goal. Some of objective are as followTo Increase sale by 50% in six monthTo Increase brand awarenessTo Increase customer loyalityTo Increase believe of customerTo Increase repeat leveragingTo measure customer satisfactionTo create relationship with customer on personal take aimTo control and observe public opinionTo receive feedback from customer on regular basisMedia objectivesstate the impact that you expect to deem on an audience in terms of pertain and frequency. Objectives must meet the following criteriaMeasurabilityQuantifiability worldtime-specificityBudget determinationWe need to establish what amount of currency go forth be needed to carry out the IMC objectives.Although there is various manners present to determine what amount of money invest on IMC. These methods are as followAffordable Method constituent of gross revenue MethodUnit of barters Method null Budgeting MethodInaffordable methodwe invest money on IMC as soon as we can afford. However inPercentage of Sales Methodamount of money invest on IMC tool depend on what amount of sale we expect to achieve during course of year. These percentages are mostly adhoc and sometime(prenominal) establish on judgment. InUnit of Sales MethodCompany allocate a certain proportion of cost of product to promotion. thence put if ex factory cost of the product is say Rs 100/ the company depart deal Rs.10/- toward promotion cost. Hence if company expects sale 10,000 unit of the product, olibanum allocated IMC budget forget be Rs.100.000/-. In Zero Budgeting Method, company determine what need to achieve in term of sale and then work on backward in term of what money entrust be needed to be allocate to retrovert those customers. Thus if company believe that in order to achieve their sales, 10,000 customers need to co rrupt their jeans once during the readying period than it forget work out what number of potential customers will needed to be targeted with ATL and BTL activity, in order to achieve that result.IMC MethodologiesThere are various component of integrated marketing communication that is as followadvertizingAdvertisement is any paid form of non-personal presentation and promotion of intellects or products by an identified sponsor. Objective of any ads is to increase brand awareness.ObjectivesThere are mostly ternion objective of advertisement compaign, that are as followstate transmit actuateInform instructive advert, proves to tell the market just about the jeans, explain the new quality added in jeans, provide information on pricing, and build awareness of both the jeans quality and the company. Such objectives are unremarkably pursued at the launch of a new quality jeans, or re-launch / up-date of an existing jean.Persuade Here objectives are to win the target audience to switch brands, watch the purchase, and create a option in the market for the jeans as unconnected to its competition. advert of this nature is rent in highly agonistical markets, where a range of jeans design competes directly with each other. In such circumstances patronagees very much seek to differentiate their jeans through Comparison announce either directly or indirectly comparing its jeans to that of its competitors.Remind Reminder advertising, is apply to maintain use up and awareness of a well established jeans brand in the market, often in the latter storeys of its product life cycle. It is often apply at the Point-of-Purchase to remind consumers of the Brand.Advertisement budgetHaving identified advertizement objectives, the denote budget must be set. Determining exactly how much a business should spend on denote to achieve the desired level of sales. Comm hardly, the decision is based on past experience of consumption on advertising, and the sales subsequently achieved. There are hitherto a number of factors that can be considered in setting the advertising budgetFactors influencing the setting of advertising BudgetsProduct life cycle stageNew products in the Launch stage of their Product life Cycle, will normally require great expenditure on advertising to create product awareness, and boost consumers to trial the product. Whilst products that have reached Maturity in their product life cycle, will often require small advertising budgets to achieve the level of sales required. emulationThe number of competitors in the market, and their expenditure on advertising competing products, will influence a business to spend to a similar or higher degree.Product DifferentiationA product real similar to other products on the market may require greater expenditure on advertising to differentiate it from its competitors.Advertising dodgingDeveloping an Advertising Strategy to achieve the objectives of a campaign, requires that c onsideration be given to both the Message which will be communicated and the Media through which it will be sentAdvertising MessageAn advertising campaign, no matter how much money is spent, no matter what media is used, will only be successful if the Message charms to the target audience. Given the level of advertising which bombards the average consumer, a successful advertising message must stand out amongst the advertising clutter. Thus marketing professionals are required to be creative, imaginative and innovative in developing the advertising message, both in terms of what is express, and How it is said?What is saidThis is often referred to as the Big Idea, and will normally address the key benefits sought by the target audience, motivating the audience to pay vigilance. Given the eternal search for new ways to appeal to target audiences, it is difficult to categories the content of advertising messages which a business may send, below we include a couple of examples of ac tual message strategy.During delivery of advertisement work in customer mind take the personality symbol, lifestyle and musical as consideration.In accessory the timbre of the advertisement will need to be established, which can be either dogmatic or negative. The advert may therefore advance positive feelings of fun, contentment, and happiness or take on a more negative, somber, or even hard tone.Selecting Advertising MediaIn addition to deciding upon the content, style and tone of the advertising message, the media through which the message will be communicated to the target audience must also be selected. Mostly for jeans advertisement we select media such as magazine, newspaper and outdoor. TV rarely used for advertisement of jeans.In order to select the most appropriate media, consideration must should be given to various prefer and dis service of various media. Strengths and weakness of various media are as given below television StrengthsDynamic attention getting media , combine visual, sound and animated stimulus.Strong potential Impact high-pitched market coverage costly at demonstrating productsWeaknesses high schoolly expensivePoor at communicating protracted technical information reportsStrengthsTargeting is possible through profiling readershipGood level of market coverageWeaknesses atmospheric static media, not fitted for product consequencePotential for poor reproduction, sometimes limited to black and white printShort-life span, i.e. todays newspapers pay off tomorrows rubbishMagazinesStrengthsHigh quality reproduction, of color imagesTargeting is possible through superfluousist publicationsGood pass on readershipWeaknessesStatic media, not suitable for product demonstrationLengthy lead-time between advert creation placed and magazine being publishedOutdoorStrengthsHigh repeat exposure to advertRelatively low cost upset levels of competition, in terms of advertising clutterWeaknessesLimited audience selectivity / targeting possib leStatic media, not suitable for product demonstrationsDifficult to monitor effectivenessMake them your own is the name of the campaign launched by Levis to advance the sale of Denim jeans. This is one of the most aggressive marketing and advertising strategy followed by Levis to drive up the sales. The theme of this marketing campaign is narcissistic youth. It will feature youth who will check themselves out in Denim blue jeans. The advertising will target the age group of 18 24 years. Mostly levy also select TV, Magazine, and Newspaper as a media for delivering there work about their product in customer mind.PRINT AdsThis ad focus on that even in bad time our company ABC conjure up faithful quality of product in resemblance to our competitor. ABC Company compares their product with competitors in quality and design. through with(predicate) this ads company want to show that our product is superior in quality and design.Sale promotionSale promotion is collection of various consumers and trade promotional tool such as rebate, discount, represent, make do, coupons, price deal, contest game, sampling etc. to increase sale of products. There are certain objectives of sale promotion. However main objective is to increase immediate sale because Sales Managers are under great pressure to produce results quickly.ObjectiveThere are certain objectives of sale promotion that are as followTo increase immediate customer saleTo increase support among the marketers sales force.To gain the support of the trade in marketing the productReasons for Growth of Sales PromotionThere are number of reason for growth of company in sale promotion some are as followIncreasing Competition callable to increase in competition, companies are finding it increasingly difficult to compete on quality. They are therefore resorting to more innovative methods of sales promotion. In order to have a competitive advantage over its competitors exchangeable Levis, Pepe, Killer and others, Sp ykar Jeans, once a year has a grand sale of up to 50%.Customers Have travel to a greater extent determine SensitiveThe increase price sensitivity is direct result of rampant inflation. Economic support this trend further, as a result customers and dealer became more sensitive toward price. If the customers get branded jeans at half the actual price, then they are definitely divergence to make huge purchases of Spykar Jeans because they want esteem for their money, as they are price sensitive.Sales Promotions Generally Create an Immediate Positive Impact on SalesAdvertising, personal selling and other methods of promotion produce slower impact on sales in compared to sales promotion. Sales promotions are mostly for nobble duration, for a specified period, leading to a sense of urgency in consumers to buy now. This creates an immediate positive impact on sales.Products have become more standardizedIn many product categories there is proliferation of brand or line denotation and me too many brands. Most of brand perceived by consumer varies little in price. Due to this it became very difficult for advertiser to reposition their product in customers mind. Due to which they focus on more and more on sale promotion to get immediate result.Advertising Has Become More Expensive and slight EffectiveAll the advertising media have become rather expensive. Audio-visual medium, which is considered as the most effective for short-duration ads, may cost in excess of Rs. 1 lakh for a 10 second exposure during choice time. In many cases, consumers have reached a point of ennui due to excessive advertising on TV. Firms with small budgets cannot compete with big companies, which spend huge sums of money on advertising. For these small budget firms, sales promotion is a more cost-effective promotion method to produce sales results.Trade Has Become More PowerfulAt present time Retailers and wholesalers have became more powerful and demand extra facility from company to conjure up their product. Company has no other alternative.Besides these there are also various kind reason such as supererogatory Stocks, Impulse Buying Is Increasing, Sales Promotions maximize Profits etc.Promotion StrategiesPromotional strategy is mostly run to change consumers behavior, to increase brand image, to increase profit, to increase sale of various good. There are mostly two kind of sale promotion, one is directed toward consumer and other one is directed toward trade such as dealer, supplier, retailer etc.Consumer sale promotion toolThere are a lot of promotional tool used to increase sale. Consumer sale promotion is directed toward consumer. It stimulate consumer to purchase their product rapidly. There are a lot of tool that are as followPrice dealPrice deal is shipboard step-down in price of product. There are two type of deal cents-off deals and price-pack deals. Price deal is given at various times to stimulate purchase of jeans.CouponA coupon is typically a p rinted certificate giving the bearer a verbalise price reduction or special value on a specific product, generally for a specific period. Various company issue various kind of coupon that contain various discount price , customer get the advantage of this discount and purchase jeans at low price.OfferThere are various kind of gift is offer by various jeans industry. For example the branding magazine said that the Gap will be conducting a marketing campaign centered on the motif that your dearie songs and your favorite jeans, Gap jeans, make the perfect fit. Customers who try on a pair of the retailers new jeans will receive a rid iTMS download.The campaign will be marketed with print and TV ads, and will feature TV commercials with musicians singing covers of their favorite song while wearing Gap jeans. The company will be offering those collected covers in a CD at retail Gap locations for customers who make a US$60 or more Gap purchase.PremiumSometime various companies the like s of Levy, Denim etc. offer some gift or at bargain price to encourage customer buying.SamplingSome company like American eagles to known customer feedback provide secrete simple of various jeans according to their preference.Advertising SpecialitiesAdvertising specialities also call a promotional product. It mostly given to our loyal customers. It includes various twit like birthday card, New Year card. It is mostly done to retain old customer.Trade sale promotion toolObjectives of Trade Sales Promotion straighten out/maintain distributionInfluence resellers to promote productInfluence resellers to offer price discountIncrease reseller inventoryDefend against competitorsAvoid reduction of normal pricesThere are various sale promotion tools that stimulate trade to promote company product. There are a lot of trade sale promotion tools some are as discussed belowTrade AllowancesTrade allowancesare short-term special allowances, discounts, or deals granted to resellers to stimulate r eseller to rapid purchase of their product.Point-of-Purchase DisplayPoint-of-purchase displays are generally used at the retail level to call customer attention to a featured product. In this company employees observe each retail depot and those retail shop that display more company product will be winner of special gift or prizeTrade ShowsA trade show is periodic, fishing rig periodic public event at which supplier displays their jeans product and provides information about jeans quality and price to potential buyer.After implementing these different techniques of sale promotion we monitor result and evaluate these by comparing with objective set before implementation of plan.Public relationPublic relation is nothing but creating a favorable relation for organization and product which is done through used of various communication channel and tool. So public relation is mostly done to improve the image of company and build good image in customers mind.So public relation may be de fine as Public relations is a set of management, supervisory, and technical functions that foster an organizations ability to strategically listen to, appreciate, and respond to those persons whose mutually beneficial relationships with the organization are necessary if it is to achieve its missions and values.ObjectiveLike other setting of marketing, public relation is also used to address several broad aspect of marketing likeBuilding Product AwarenessWhen introducing a new product or relaunching an existing product, marketers can use a PR element that generates consumer attention and awareness through media placements and special events.Creating InterestPublic Relation create public interest to used the product at least for once time.Providing InformationThrough the Public relation we can provide a lot of information about company activity and their product feature and service provided by company. This information is delivered to public through newspaper, article website, colla teral tangible PR helps in delivering information that helps to public in understanding the product feature.Stimulating DemandA positive article in a newspaper, on TV, news show or mentioned on the Internet, often results in a discernable increase in product sales.Reinforcing the BrandIn many companies like levy, denim jeans company the public relations function is also involved with brand reinforcement by maintaining positive relationships with key audiences, and thereby aiding in building a strong image.Direct MarketingDirect marketing is business of selling company product directly to customers through mail order, telephone, fax, e-mails, or web selling, rather than through retailers.ObjectiveThere are mostly to objective for which direct marketing is carried out these are as follow transfigure not user to user. It is mostly done to obtain new client. The identification of new potential clients is very crucial when it comes to recruit new prospects and transformed them into your clients.The perpetual loyalty of customers. A loyal consumer cost less than new customers.StrategyVarious jeans industry like denim, Levi Strauss Co involved in direct marketing to get more market share. These companies sent a mail-order compile to approximately prospective customers.100-page catalog, developed in-house, targets both men and women and also contains 10 pages devoted to home products.There are various tools for direct marketing these are as Direct response television marketing.Besides these jeans producing company also used various methods to promote their product. One method that Levis has recently taken is racecourse Breaking Strategy.Path breaking strategy by LevisThis strategy is mostly for those jeans whose cost above Rs.1400. We know a lot of thing about EMIs for house, car and other kind of white goods. But these EMIs is first time adopted by Levis for jeans.This idea has been conceptualized by Levis. Downturn market, cost cutting everywhere and exhaust po ckets is the present situation and here to book all these hindrances, Levis is now, for the first time ever offering EMI facilities on its apparel wear in India. apparently shop for more than Rs. 1500 and you can avail this offer. This amount will be set off through your credit card in three equal installments. They have also tied up with ICICI posit for the credit card settlement.There are certain objectives behind this strategy that are as followTo increase the sales of premium jeans wear category that is worth more than Rs. 4000 per denim.To ensure sales throughout the year irrespective of seasonalityHow will this objective be achieIntegrated Marketing Communication Program for JeansIntegrated Marketing Communication Program for JeansExecutive summaryVarious jeans industry such as Denim, Levis, and Disney etc. design various integrated marketing program. Although common objective of all IMC program is increase brand awareness, sale and design a unique image in customers mind. In order to address and attract customer all jeans industry launch various campaign. To communicate with public and customers they advertise their campaign on TV, magazine, online and radio. Through their advertisement they want to design their brand image in customer mind. Besides advertisement, they also carried out promotion activity, public relation, direct marketing etc. Direct marketing is although time consuming but most effective tool for communication.Various jeans industry also organizes various events in order to communicate properly with customers, for example Aadharshila Brand solution was planning to launch an event called JEAN JANOON for their client The HUB a multi brand outlet for apparel. Main purpose of this event is to increase the sale of jeans. Before designing IMC program this company carried out market research in order to judge customers behaviors toward jeans. For research they design the strategy for JEAN JANOON event. During the event they decided to get feedback from customer who visits The HUB multiband retail outlet so that appropriate primary data can be collected for designing IMC strategy for The HUB.Before designing integrated marketing communication program it is necessary to judge consumers behavior toward jeans , it is necessary to known customers liking and disliking, these data provide various support during designing of IMC program.Although there are various media available for communicating but Printads in magazine and news paper is seen most effective medium followed by television. After Research survey done by various jeans company, it has been found that male respondents were less brand conscious than female. There is no particular fashion trend among males, but females are more conscious towards seasonal fashion trends. Fitting and style are the major attributes considered by customer while buying jeans.Marketing plan planSituation Analysis Every organization faces a lot of problem at present time so it became nece ssary for every organization that before setting any objective carried out situation analysis in order to recognize strength, weakness, opportunities and threat present in our organization. According to Sally and John, marketing plans are the written document or blueprint for implementing and controlling an organizations marketing activities related to a particular marketing strategy . A successful marketing plan is able to improve organizations profits and growth, uses in objective setting and monitors results.So to gain a successful market plan it is necessary to to understand the current situation comprehensively and trends affecting the future of the organization.There are two major reasons to explain why situation analysis plays a vital role in developing marketing plan.Firstly, dynamic marketing environment will lead to uncertainty, threats and opportunities for marketers. Marketing managers who success to know changes in environment through situation analysis can lead their c ompanies to capitalize on opportunities and cope with threats created by changes.Then, systematically analyzing situational environments in order to identify our customers and understand their needs. There are certain opportunities in jeans industry, such as increase women wear collection, increase market and market share through integrated PR, and advertisement and promotional campaign. Besides opportunities there is a lot of threat that create barrier for entry in to jeans industry. These threats are as followIncreasing competition in ethical fashionEthical brand is not taken seriously by publicHigh price and loyalty decrease loyalty toward brandMain objective behind situation analysis is to known analyze customer, competitor and there strategy.Marketing objectiveAfter situation analysis we became able to known our organization strength, weakness, opportunities and threat present in environment. It provides a lot of support in setting of objective. There may be a lot of marketing objective, some are as followIncrease market shareTo create new successful denim and clothing rang and expand it to convert not user in to user.Increase sale by 50% in 6 month from the launch of public campaignCreate awareness among target audience. Use excessive advertising especially using media preferred by the target market.Create product belonging and position among buyers mindMarketing strategiesToachieve these objective we implement various strategy.Target marketUrban personalityAffluent young professionalProsperous young professionalStudents and cosmopolitanMarketing Mix Strategies Main aim of various jeans industry to produce high quality jeans in various qualities such as five packet jeans in various size. This is mostly done to capture youth attention. They produce jeans in various colour to capture more market share. Must of jeans brand such as levis, denim, dem lea diesel jeans jump in to Indian market by producing high quality of jeansPricing range from 4.7 $ to 9.5$.J eans do not need too much promotion. It is done mostly by fair, E commerce and agentThe distribution channels for jeans industry are as follows.MANUFACTURER (COMPANY)WHOLESELLERJEANS SEND TO RETAILERCUSTOMERInternal ProcessIt is as follows.SampleCuttingStitchingWashingPressing and labelingFinishingDispatched to storePacking and containersExplanationThe sample is first send by the buyer. Its called a gold seal sample.In cutting dept, one piece is placed on the other and in this way a bundle of 50 Jeans is made. Then the cutter cuts it.In the stitching dept, front end or the upper part is made. Then backend is made and they are assembled together in the assembly end. Then the belt is made.Washing can be done by simple garment wash or through the stone wash and chemicals. It is done according to the buyers request.In Pressing and labeling dept, the Jeans are pressed and then labeled for identification.In finishing dept, the quality of jeans is checked and mistakes are rectified.Then t he Jeans dispatched to the store.Then packing is done. It is done according to the buyers request. Then they are sent to the containers.Samples of ProductImplementation tactics Launch a blind ad campaign on billboards and magazines in all A class areas of major cities and magazine.Heavy advertising on TV, newspapers and magazinesSet displays of jeans in showrooms and major dealer outlets in all cities.Reduce number of billboards, television and magazines advertisements.Continue AdvertisingEvaluation, Monitoring and ControlGoal of marketing plan is to achieve market objective that are established before implementation of marketing plan. We evaluate and control our strategic tactic by comparing our result with standard established before setting of plan, by measuring customer satisfaction and brand loyalty. If result is less than our standard than there any is default in implementation and monitoring.The people who are responsible for the monitoring and control of the marketing plan i nvolves, the Marketing Executives, Sales Managers, Media Managers, Market Research Departments, and the Production Managers.Some activities must be carried out for precisely and closely evaluating the effectiveness of the strategies and tactics for example the gathering and structuring of data regarding market, product, consumers and the pricing trends, then the generation of daily sales report should be maintained and then in the end continuous reconfirming of the marketing budget and activities by the managers of different divisions.The Integrated Marketing Communication PlanIntegrated Marketing Communications is a term used to describe a holistic approach to marketing communication. It aims to ensure consistency of message and the complementary use of media. The concept includes online and offline marketing channels. Online marketing channels include any e-marketing campaigns or programs, pay-per-click, affiliate, email, banner to latest web related channels for webinar, blog, mi cro-blogging, RSS, podcast, and Internet TV. Offline marketing channels are traditional print (newspaper, magazine), mail order, public relations, industry relations, billboard, radio, and television.A company develops its integrated marketing communication programme using all the elements of the marketing mix (product, price, place, and promotion)So Integrated marketing communication is integration of all marketing tools, approaches, and resources within a company which maximizes impact on consumer mind and which results into maximum profit at minimum cost. Promotional activities include Advertising, sales promotion, and personal selling activities. It also includes internet marketing, sponsorship marketing, direct marketing, database marketing and public relations. And integration of all these promotional tools along with other components of marketing mix to gain edge over competitor is called Integrated Marketing Communication.Situational analysisFirst of all we carried out we ca rried out situation analysis in order to unedrtood problem. In this we identify our compititors and their strategy for example Levi carried out compititor analysis and find out various strategy adopted by Tommy Hilfiger, JNCO, VF Corporation, Gap, Calvin Klein, Diesel and Paris Blues. After situation analysis Levy Strauss Company find out thattheCalifornia gold rush outfitter whose trademark blue jeans have been an American clothing staple for generations, had fallen on hard times by 2004 and needed a change in strategic direction.After seven consecutive years of falling sales, profits turned to losses in 2003. Management responded to the decline by moving its manufacturing plants offshore and by introducing a new line of discount jeans at Wal-Mart.It also considered selling off its Dockers casual pants unit in order to focus on its jeans business. Under situation analysis we also analyze financial position of company.IMC objectiveThere are various IMC objective set by jeans compan y after situation analysis in order to accomplish their goal. Some of objective are as followTo Increase sale by 50% in six monthTo Increase brand awarenessTo Increase customer loyalityTo Increase desire of customerTo Increase repeat purchaseTo measure customer satisfactionTo create relationship with customer on personal levelTo control and observe public opinionTo receive feedback from customer on regular basisMedia objectivesstate the impact that you expect to have on an audience in terms of reach and frequency. Objectives must meet the following criteriaMeasurabilityQuantifiabilityRealismtime-specificityBudget determinationWe need to establish what amount of money will be needed to achieve the IMC objectives.Although there is various methods present to determine what amount of money invest on IMC. These methods are as followAffordable MethodPercentage of Sales MethodUnit of Sales MethodZero Budgeting MethodInaffordable methodwe invest money on IMC as soon as we can afford. Howeve r inPercentage of Sales Methodamount of money invest on IMC tool depend on what amount of sale we expect to achieve during course of year. These percentages are mostly adhoc and sometime based on judgment. InUnit of Sales MethodCompany allocate a certain proportion of cost of product to promotion. Thus say if ex factory cost of the product is say Rs 100/ the company will allot Rs.10/- toward promotion cost. Hence if company expects sale 10,000 unit of the product, thus allocated IMC budget will be Rs.100.000/-. In Zero Budgeting Method, company determine what need to achieve in term of sale and then rework backward in term of what money will be needed to be allocate to deliver those customers. Thus if company believe that in order to achieve their sales, 10,000 customers need to purchase their jeans once during the planning period than it will work out what number of prospective customers will needed to be targeted through ATL and BTL activity, in order to achieve that result.IMC M ethodologiesThere are various component of integrated marketing communication that is as followAdvertisementAdvertisement is any paid form of non-personal presentation and promotion of ideas or products by an identified sponsor. Objective of any ads is to increase brand awareness.ObjectivesThere are mostly three objective of advertisement compaign, that are as followInformPersuadeRemindInform Informative advertising, seeks to tell the market about the jeans, explain the new quality added in jeans, provide information on pricing, and build awareness of both the jeans quality and the company. Such objectives are normally pursued at the launch of a new quality jeans, or re-launch / up-date of an existing jean.Persuade Here objectives are to encourage the target audience to switch brands, make the purchase, and create a preference in the market for the jeans as opposed to its competition. Advertising of this nature is required in highly competitive markets, where a range of jeans design competes directly with each other. In such circumstances businesses often seek to differentiate their jeans through Comparison Advertising either directly or indirectly comparing its jeans to that of its competitors.Remind Reminder Advertising, is used to maintain interest and awareness of a well established jeans brand in the market, often in the latter stages of its product life cycle. It is often used at the Point-of-Purchase to remind consumers of the Brand.Advertisement budgetHaving identified advertising objectives, the advertising budget must be set. Determining exactly how much a business should spend on advertising to achieve the desired level of sales. Commonly, the decision is based on past experience of expenditure on advertising, and the sales subsequently achieved. There are however a number of factors that can be considered in setting the advertising budgetFactors influencing the setting of advertising BudgetsProduct life cycle stageNew products in the Launch stage of their Product Life Cycle, will normally require greater expenditure on advertising to create product awareness, and encourage consumers to trial the product. Whilst products that have reached Maturity in their product life cycle, will often require smaller advertising budgets to achieve the level of sales required.CompetitionThe number of competitors in the market, and their expenditure on advertising competing products, will influence a business to spend to a similar or higher degree.Product DifferentiationA product very similar to other products on the market may require greater expenditure on advertising to differentiate it from its competitors.Advertising StrategyDeveloping an Advertising Strategy to achieve the objectives of a campaign, requires that consideration be given to both the Message which will be communicated and the Media through which it will be sentAdvertising MessageAn advertising campaign, no matter how much money is spent, no matter what media is used, will o nly be successful if the Message appeals to the target audience. Given the level of advertising which bombards the average consumer, a successful advertising message must stand out amongst the advertising clutter. Thus marketing professionals are required to be creative, imaginative and innovative in developing the advertising message, both in terms of what is said, and How it is said?What is saidThis is often referred to as the Big Idea, and will normally address the key benefits sought by the target audience, motivating the audience to pay attention. Given the constant search for new ways to appeal to target audiences, it is difficult to categories the content of advertising messages which a business may send, below we include a couple of examples of actual message strategy.During delivery of advertisement massage in customer mind take the personality symbol, lifestyle and musical as consideration.In addition the tone of the advertisement will need to be established, which can be either positive or negative. The advert may therefore promote positive feelings of fun, contentment, and happiness or take on a more negative, somber, or even threatening tone.Selecting Advertising MediaIn addition to deciding upon the content, style and tone of the advertising message, the media through which the message will be communicated to the target audience must also be selected. Mostly for jeans advertisement we select media such as magazine, newspaper and outdoor. TV rarely used for advertisement of jeans.In order to select the most appropriate media, consideration must should be given to various advantage and disadvantage of various media. Strengths and weakness of various media are as given belowTelevision StrengthsDynamic attention getting media, combining visual, sound and animated stimulus.Strong potential Impact High market coverageGood at demonstrating productsWeaknessesHighly expensivePoor at communicating lengthy technical informationNewspapersStrengthsTargeting is possible through profiling readershipGood level of market coverageWeaknessesStatic media, not suitable for product demonstrationPotential for poor reproduction, sometimes limited to black and white printShort-life span, i.e. todays newspapers become tomorrows rubbishMagazinesStrengthsHigh quality reproduction, of color imagesTargeting is possible through specialist publicationsGood pass on readershipWeaknessesStatic media, not suitable for product demonstrationLengthy lead-time between advert being placed and magazine being publishedOutdoorStrengthsHigh repeat exposure to advertRelatively low costLow levels of competition, in terms of advertising clutterWeaknessesLimited audience selectivity / targeting possibleStatic media, not suitable for product demonstrationsDifficult to monitor effectivenessMake them your own is the name of the campaign launched by Levis to boost the sale of Denim jeans. This is one of the most aggressive marketing and advertising strategy followed by Levis to move up the sales. The theme of this marketing campaign is narcissistic youth. It will feature youth who will check themselves out in Denim blue jeans. The advertising will target the age group of 18 24 years. Mostly levy also select TV, Magazine, and Newspaper as a media for delivering there massage about their product in customer mind.PRINT AdsThis ad focus on that even in bad time our company ABC produce good quality of product in comparison to our competitor. ABC Company compares their product with competitors in quality and design. Through this ads company want to show that our product is superior in quality and design.Sale promotionSale promotion is collection of various consumers and trade promotional tool such as rebate, discount, gift, contest, coupons, price deal, contest game, sampling etc. to increase sale of products. There are certain objectives of sale promotion. However main objective is to increase immediate sale because Sales Managers are under great pressure to produce results quickly.ObjectiveThere are certain objectives of sale promotion that are as followTo increase immediate customer saleTo increase support among the marketers sales force.To gain the support of the trade in marketing the productReasons for Growth of Sales PromotionThere are number of reason for growth of company in sale promotion some are as followIncreasing CompetitionDue to increase in competition, companies are finding it increasingly difficult to compete on quality. They are therefore resorting to more innovative methods of sales promotion. In order to have a competitive advantage over its competitors like Levis, Pepe, Killer and others, Spykar Jeans, once a year has a grand sale of up to 50%.Customers Have Become More Price SensitiveThe increase price sensitivity is direct result of rampant inflation. Economic support this trend further, as a result customers and dealer became more sensitive toward price. If the customers get branded jeans at half the actual pr ice, then they are definitely going to make huge purchases of Spykar Jeans because they want value for their money, as they are price sensitive.Sales Promotions Generally Create an Immediate Positive Impact on SalesAdvertising, personal selling and other methods of promotion produce slower impact on sales in compared to sales promotion. Sales promotions are mostly for short duration, for a specified period, leading to a sense of urgency in consumers to buy now. This creates an immediate positive impact on sales.Products have become more standardizedIn many product categories there is proliferation of brand or line extension and me too many brands. Most of brand perceived by consumer varies little in price. Due to this it became very difficult for advertiser to reposition their product in customers mind. Due to which they focus on more and more on sale promotion to get immediate result.Advertising Has Become More Expensive and Less EffectiveAll the advertising media have become quite expensive. Audio-visual medium, which is considered as the most effective for short-duration ads, may cost in excess of Rs. 1 lakh for a 10 second exposure during prime time. In many cases, consumers have reached a point of boredom due to excessive advertising on TV. Firms with small budgets cannot compete with big companies, which spend huge sums of money on advertising. For these small budget firms, sales promotion is a more cost-effective promotion method to produce sales results.Trade Has Become More PowerfulAt present time Retailers and wholesalers have became more powerful and demand extra facility from company to promote their product. Company has no other alternative.Besides these there are also various kind reason such as Excess Stocks, Impulse Buying Is Increasing, Sales Promotions Maximize Profits etc.Promotion StrategiesPromotional strategy is mostly run to change consumers behavior, to increase brand image, to increase profit, to increase sale of various good. There ar e mostly two kind of sale promotion, one is directed toward consumer and other one is directed toward trade such as dealer, supplier, retailer etc.Consumer sale promotion toolThere are a lot of promotional tool used to increase sale. Consumer sale promotion is directed toward consumer. It stimulate consumer to purchase their product rapidly. There are a lot of tool that are as followPrice dealPrice deal is temporary reduction in price of product. There are two type of deal cents-off deals and price-pack deals. Price deal is given at various times to stimulate purchase of jeans.CouponA coupon is typically a printed certificate giving the bearer a stated price reduction or special value on a specific product, generally for a specific period. Various company issue various kind of coupon that contain various discount price , customer get the advantage of this discount and purchase jeans at low price.OfferThere are various kind of gift is offer by various jeans industry. For example the branding magazine said that the Gap will be conducting a marketing campaign centered on the idea that your favorite songs and your favorite jeans, Gap jeans, make the perfect fit. Customers who try on a pair of the retailers new jeans will receive a free iTMS download.The campaign will be marketed with print and TV ads, and will feature TV commercials with musicians singing covers of their favorite song while wearing Gap jeans. The company will be offering those collected covers in a CD at retail Gap locations for customers who make a US$60 or more Gap purchase.PremiumSometime various companies like Levy, Denim etc. offer some gift or at bargain price to encourage customer buying.SamplingSome company like American eagles to known customer feedback provide free simple of various jeans according to their preference.Advertising SpecialitiesAdvertising specialities also call a promotional product. It mostly given to our loyal customers. It includes various card like birthday card, New Y ear card. It is mostly done to retain old customer.Trade sale promotion toolObjectives of Trade Sales PromotionGain/maintain distributionInfluence resellers to promote productInfluence resellers to offer price discountIncrease reseller inventoryDefend against competitorsAvoid reduction of normal pricesThere are various sale promotion tools that stimulate trade to promote company product. There are a lot of trade sale promotion tools some are as discussed belowTrade AllowancesTrade allowancesare short-term special allowances, discounts, or deals granted to resellers to stimulate reseller to rapid purchase of their product.Point-of-Purchase DisplayPoint-of-purchase displays are generally used at the retail level to call customer attention to a featured product. In this company employees observe every retail shop and those retail shop that display more company product will be winner of special gift or prizeTrade ShowsA trade show is periodic, semi periodic public event at which supplie r displays their jeans product and provides information about jeans quality and price to potential buyer.After implementing these different techniques of sale promotion we monitor result and evaluate these by comparing with objective set before implementation of plan.Public relationPublic relation is nothing but creating a favorable relation for organization and product which is done through used of various communication channel and tool. So public relation is mostly done to improve the image of company and build good image in customers mind.So public relation may be define as Public Relations is a set of management, supervisory, and technical functions that foster an organizations ability to strategically listen to, appreciate, and respond to those persons whose mutually beneficial relationships with the organization are necessary if it is to achieve its missions and values.ObjectiveLike other aspect of marketing, public relation is also used to address several broad aspect of mark eting likeBuilding Product AwarenessWhen introducing a new product or relaunching an existing product, marketers can use a PR element that generates consumer attention and awareness through media placements and special events.Creating InterestPublic Relation create public interest to used the product at least for once time.Providing InformationThrough the Public relation we can provide a lot of information about company activity and their product feature and service provided by company. This information is delivered to public through newspaper, article website, collateral material PR helps in delivering information that helps to public in understanding the product feature.Stimulating DemandA positive article in a newspaper, on TV, news show or mentioned on the Internet, often results in a discernable increase in product sales.Reinforcing the BrandIn many companies like levy, denim jeans company the public relations function is also involved with brand reinforcement by maintaining po sitive relationships with key audiences, and thereby aiding in building a strong image.Direct MarketingDirect marketing is business of selling company product directly to customers through mail order, telephone, fax, e-mails, or web selling, rather than through retailers.ObjectiveThere are mostly to objective for which direct marketing is carried out these are as followConvert not user to user. It is mostly done to obtain new client. The identification of new potential clients is very crucial when it comes to recruit new prospects and transformed them into your clients.The perpetual loyalty of customers. A loyal consumer cost less than new customers.StrategyVarious jeans industry like denim, Levi Strauss Co involved in direct marketing to get more market share. These companies sent a mail-order catalog to approximately prospective customers.100-page catalog, developed in-house, targets both men and women and also contains 10 pages devoted to home products.There are various tools fo r direct marketing these are as Direct response television marketing.Besides these jeans producing company also used various methods to promote their product. One method that Levis has recently taken is Path Breaking Strategy.Path breaking strategy by LevisThis strategy is mostly for those jeans whose cost above Rs.1400. We know a lot of thing about EMIs for house, car and other kind of white goods. But these EMIs is first time adopted by Levis for jeans.This idea has been conceptualized by Levis. Downturn market, cost cutting everywhere and empty pockets is the present situation and here to curb all these hindrances, Levis is now, for the first time ever offering EMI facilities on its apparel wear in India. Simply shop for more than Rs. 1500 and you can avail this offer. This amount will be set off through your credit card in three equal installments. They have also tied up with ICICI Bank for the credit card settlement.There are certain objectives behind this strategy that are as followTo increase the sales of premium jeans wear category that is worth more than Rs. 4000 per denim.To ensure sales throughout the year irrespective of seasonalityHow will this objective be achie

No comments:

Post a Comment