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With an increase in global competition, technological advances, and more informed customers, it is important for businesses to make a powerful impact on target audiences and markets. IMC is one such step toward an integrated approach to achieving
IMC is a major strategic concept that is as evolutionary and discursive in its concept as other marketing and management tools. There is a strong need to explore the concept and phenomena of IMC directly in the real world of communication. The purpose of integrated marketing communications strategy is to work toward the common goal of customer focused marketing.
American Association of Advertising Agencies defines IMC as a concept that recognises the added value of a comprehensive plan that evaluates the strategic roles of a variety of communication disciplines, and combines these disciplines to provide clarity, consistency and maximum communication impact. It is the coordination and integration of all marketing communication tools, avenues, sources within a company into
It is a well-known fact that the rapidly growing businesses and population are putting a lot of pressure on Indias power resources. Unfortunately, India is woefully lacking in all types of power resources, except one solar power. Solar power can be an important source of power for India. These are the reasons why India should focus more on solar
. The suns energy is available abundantly and freely and can be used in two ways: Solar thermal energy: Here the solar energy is converted into solar power through equipment. Example, solar hot water heating system, solar drying system, solar cooking system, etc. Solar photovoltaic energy: In this method, the solar energy is converted into electrical energy through equipment using solar photovoltaic technology.It can be used to power anything from a single bulb to all the
Solar Energy Can Be Used for Heat and Electricity Solar Energy Is Everywhere the Sun Shines California Has the Worlds Biggest Solar Power Plant Europe Has Some Large Photovoltaic Power Plants
Almost
Photovoltaic Cells Convert Sunlight into Electricity Solar Thermal Power Uses Solar Energy Instead of Combustion
The solar industry has grown quite fast in the past few years, and it looks like this will continue in 2011, at least according to a market research by iSuppli. "iSuppli forecasts that worldwide solar installations will reach 20.2 Gig watts (GW) next year, up from 14.2GW at the end of 2010." This would be a growth of 42.3%. At that rate, the industry would double every two years.
Sunson Enterprise is a renowned name for solar product in Ranchi. It has been in Ranchi since last ten years. The major product in which Sunson enterprise specialises are: Solar Solar Solar Solar Cooker Panel Water Heater Lantern
Major focus of Sunson Enterprise is B2B business but now they are shifting their focus towards B2C business because of the reduced profit margin in the former case. The product that they offer to consumer is from the best company like Rashmi, Moser Baer, Racold. Sunson enterprise because of its goodwill in the market has got customers from outside Ranchi and have also installed solar water heater in BIT, Mesra.
Market
leader in Ranchi
10
Solar
Maintenance
Hygienic
nutrients
Food
High
Green
technology support
Government
Presence
Scope
in industrial sector(B2B)
Ranchi
group
Lack
of awareness
To
advertise the new product annual maintenance contract(AMC) for existing customers.
To
To
1. Sales from the previous year and 2. Anticipated sales for the next year.
1.
The communication budget is directly proportional to sales. JustificationSince product is in growth stage of product life cycle, hence the need of higher budget proportional to sale.
2. It does not allocate money for special need or to combat competitive pressure. JustificationThere is no significant competition so the special need and competitive pressure could be ignored.
Previous year sales - Rs 1.5 crore Expense on advertisement- Rs 50000 (0.33% of sales)
Anticipated sales- Rs 1.83 crore ( 22% increase in sale) Budget for communication ( 2% of 1.83 crore) TOTAL AMOUNT = 366000(66000 IS COMMISSION)
1 sqcm=Rs 400 so, 6*400= Rs 2400 (1 day in week) 2 days=Rs 4800 1month=8 times so, 4months =32times TOTAL COST=Rs 76800
b) DAINIK JAGRAN 1 sqcm=Rs 150 so, 6*150= Rs 900 (1 day in week) 2 days=Rs 1800 1month=8 times so, 4months =32times TOTAL COST=Rs 28800 2) DISPLAY MEDIA(Rs 35000)
Poster
NETWORK
Telephone
Personalized
Rs5000
4 lakh SMS for (Rs6000)
BROAD
CAST MEDIA Radio = Radio Mantra (Rs 70 for 10 sec) 10 times of 20 sec=Rs 1400 3 days in a week (Fri, Sat, Sun) for 4 months=60 days=Rs 84,000
Television (cable)
Operator charges (Rs 50000) NOTE: Discount was given by all is Rs 9000
For B2C: Non personal communication channel - Media 1. Print media a) Times of India b) Dainik Jag ran 2. Display Media
a) Poster
3. Network Media a) Telephone calls b) Personalized calls c) SMS 4. Broadcast Media a) Radio (Radio Mantra) b) TV (Cable)
Objectives: a) Increasing Brand Awareness b) Building Brand Image Target Group: a) Educated customers and Businessmen in Ranchi b) 30-55 years old customers primarily male with monthly income of Rs. 35,000-70,000
Rational Appeal Support:Sunson Enterprises -> is trusted and leading name for the purchase of solar product. -> carries solar products from the renowned brands like Rashmi, Moser Baer, Photon etc. -> is the only shop in Ranchi which
For all solar products:Eco friendly environment Smart growth for today and tomorrow Join the fight against environmental destruction with Solar in home
For solar cooker:Healthy and Hygienic food Cooking with only the sun. No fuel, no Smoke, no Emission Cost effective natural cooking
For solar water heater: No fear of power cut Saving on your Utility Bill Adding value to your home