Essential Marketing Strategies and Business Sustainability

Four Common Advertising Objectives

  • Informing: Provides information about a product or service (e.g., a plant-based burger ad explaining health benefits).
  • Persuading: Convinces consumers to choose one brand over another (e.g., toothpaste brand comparisons).
  • Reminding: Keeps the brand top-of-mind (e.g., Coca-Cola).
  • Immediate Action: Encourages instant response (e.g., donation campaigns).

Four Common Advertising Budget Methods

  • Affordable Method: Spending what is available; common in small businesses.
  • Percentage of Sales: Budget based on a fixed percentage of revenue.
  • Competitive Parity: Matching competitor spending.
  • Objective and Task Method: Setting goals and calculating the cost to achieve them; the most strategic approach.

Three Common Message Appeals

  • Rational Appeal: Focuses on facts like price, quality, or features (e.g., Samsung product specs).
  • Emotional Appeal: Focuses on feelings (e.g., Adidas storytelling).
  • Moral Appeal: Focuses on social responsibility (e.g., animal welfare campaigns).

Evaluating Advertising Campaign Success

Companies measure success through:

  • Surveys: Assessing brand recall.
  • Focus Groups: Gathering qualitative feedback.
  • Online Engagement: Tracking likes, shares, and views.
  • Sales Results: Monitoring revenue growth.

Advertising Budget Allocation: Zara Ireland

  • Social Media (€300,000): Instagram and TikTok for trend-focused engagement.
  • Digital Advertising (€250,000): Google and YouTube for search traffic.
  • Influencer Marketing (€200,000): Building authenticity and trust.
  • Outdoor Advertising (€150,000): Billboards and transit ads for local visibility.
  • In-store Merchandising (€100,000): Enhancing the physical shopping experience.

Climate Change and Global Impact

Climate change is driven by the greenhouse effect, exacerbated by industrialization. Key sources include energy production, agriculture, and industry. Consequences include extreme weather, rising sea levels, and biodiversity loss. International efforts like the Paris Agreement are critical to mitigating these risks.

Sustainability and Corporate Responsibility

Sustainability involves long-term environmental and social stewardship. Strategies include using recycled materials, ethical supply chains, fair labor practices, and renewable energy. While net zero is a primary goal, companies must avoid greenwashing—the practice of making misleading environmental claims.

Digital Storytelling Strategies

Digital storytelling uses narratives to connect with audiences. Effective stories include a character, goal, problem, tension, and resolution. Short-form content (TikTok/Instagram) relies on quick hooks, while long-form content (YouTube/podcasts) builds deeper trust.

Consumer Goods and Specialized Marketing

Consumer goods are categorized by purchasing effort: convenience (frequent), shopping (compared), specialty (unique/luxury), and unsought (unplanned). Other marketing forms include Place Marketing (promoting locations), Social Marketing (behavior change), Organization Marketing (brand image), and Person Marketing (celebrity branding).

The Three Levels of a Product

  1. Core Product: The primary benefit or solution provided.
  2. Actual Product: Physical features, design, and branding.
  3. Augmented Product: Extra services like warranties, delivery, and support.