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The Integrated Marketing Communications Process

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3. Who are the various participants in the integrated marketing communications process? Briefly discuss the roles and responsibilities of each? (LO1) The participants in the integrated marketing communication process are advertisers, or clients, advertising agencies, media organizations, specialized communication services, and collateral services. Advertisers are possibly the most important participant in the IMC process. They are the ones who have the product or services to be marketed and the ones who provide the funds for the projects to be created. It is the advertiser responsibility to create de marketing program and make final decisions on the advertising and promotions completed. (Belch). Advertising agencies are outside firms, …show more content…

In-house advertising agencies also have much higher personnel retention. According to the authors of the textbook, In-house advertising agencies “have a turnover rate of less than 5 percent.” Many companies also feel that In-house agencies have more knowledge about the market, their customers, and competitors.
The cons of using in-house advertising agencies is that they have less high skilled specialist than outside agencies, have less flexibility and objectivity, and have less access to top creative talent. (George & Michael Belch). Sometimes companies decide to switch from an in-house advertising agency to an outside because of the mentioned disadvantages, and also because outside agencies can provide greater strategic planning capabilities, outside perspective on customers, and more creativity.
8. What is an agency holding company? Discuss how the emergence of major holding companies is impacting the advertising industry as well as the entire field of integrated marketing communications. (LO3) An agency holding company is a consolidation of medium-size agencies to become a large advertising organization. These agencies provide clients with integrated marketing communications services. Chapter 4 Discussion Question 4 & 6
4. Behavioral targeting has been attacked by many as an invasion of privacy. Describe what behavioral targeting is and the pros and cons of this ethical

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