Communication is the key to business success Essay

Communication is the key to business success - Essay ExampleIt would construct an integrated marketing converse system for a fictitious catering firm. The objective is to take on the whole the aspects into consideration, like the companys SWOT analysis, SOSTAC (situation, objectives, strategy, tactics, action and control) for the IMC system, and develop an analytical approach to make the case as hard-nosed as possible.Marketing colloquys are as important to a firm as private alliances are important to an individual. They determine the identity of the firm in the market both absolutely, as hale as relative to its competitors. Marketing communications are the heart of a companys strategy today. They determine the faultless survival of the firm. With increasing competition and homogeneity of products, companies have to differentiate themselves from the other firms, for which they have to use communication effectively. Todays consumers are very knowledgeable and would expect th e company to be in touch with them constantly, from advertising to after-sales service. integrating marketing communications can be simply defined as the process of developing and implementing sundry(a) forms of persuasive communication programs with customers and prospects over time (Schultz professor at Northwestern University, 1993). Moreover, the goal of IMC is to influence or directly affect the behavior of the selected communication audience. IMC considers all sources of brand or company contacts which a company or prospect has with the product or service as potential delivery channels for the future tense messages. IMC, makes use of all forms of communication which are relevant to the customer and prospects, and to which they might be receptive.The American draw of Advertising Agencies defines IMC as the concept of marketing communication aimning that recognizes the added value of a comprehensive plan that evaluates the strategic roles of a variety of communication discip lines (general advertising, direct response, sales promotion, and public relations) and combines these disciplines to provide clarity, consistency, and maximum communication impact.IMC can be pictorially represented asIntegrated marketing communications has an outside-in approach as opposed to the traditional inside-out approach. This means that companies have to look inside first, and then towards the customers. Customer relationship building starts from developing effective systems within the enterprise itself.To develop and adopt an effective IMC system, the company has to recognise the key audiences present as well as potential customersdetermine the objectivesdesign the communications fillselect the communication methodsdefine the