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Common Variables of Public Relations in Mix Modelling - Dissertation Example

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This research study “Common Variables of Public Relations in Mix Modelling” will identify and analyze significant factors that are commonly used in creating a marketing mix model, exploring how public relations could be a part of the marketing mix model…
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Common Variables of Public Relations in Mix Modelling
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Download file to see previous pages Based on the corporate vision, integrated marketing communication can be used to enable the target consumers not only to self-select but also identify themselves with the corporate brand (Duncan, 1993, p. 18). Since the effectiveness of business communication strategies could either positively or negatively affects the product and corporate brand (Kitchen et al., 2004), it is a challenge on the part of the large multinational companies to learn more about how these business entities could improve the use of integrated marketing communication. Depending on the main purpose behind the need to communicate the corporate product, marketing managers can make use of integrated marketing communication strategies in order to deliver not only harmonious messages to its target consumers. Today, the availability of new media technologies changes the traditional way of communicating the product and corporate brand to the public (Kitchen et al., 2004, p. 33). Instead of heavily relying over the use of print advertisements, marketing managers today are utilizing a more diversified media sector depending on the type of marketing media that could provide them with the most cost-efficient option and most effective way to meet the personal preferences of its target consumers (ibid).In order to establish a strong corporate and product brand, the marketing mix (categorized as product, price, place, and promotion) should be carefully studied when making use of integrated marketing communication strategies (Keh, Nguyen and Ng, 2007)....
18). Since the effectiveness of business communication strategies could either positively or negatively affects the product and corporate brand (Kitchen et al., 2004), it is a challenge on the part of the large multinational companies to learn more about how these business entities could improve the use of integrated marketing communication. Depending on the main purpose behind the need to communicate the corporate product, marketing managers can make use of integrated marketing communication strategies in order to deliver not only harmonious messages to its target consumers. Today, the availability of new media technologies changes the traditional way of communicating the product and corporate brand to the public (Kitchen et al., 2004, p. 33). Instead of heavily relying over the use of print advertisements, marketing managers today are utilizing a more diversified media sector depending on the type of marketing media that could provide them with the most cost-efficient option and most effective way to meet the personal preferences of its target consumers (ibid). In order to establish a strong corporate and product brand, the marketing mix (categorized as product, price, place, and promotion) should be carefully studied when making use of integrated marketing communication strategies (Keh, Nguyen and Ng, 2007). Likewise, it is necessary on the part of the marketing manager to integrate the significance of the marketing mix when deciding for the type of marketing media to use in marketing communication since this strategy will make the target consumers be able to self-select and successfully identify themselves with the corporate brand ...Download file to see next pagesRead More
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