I need a discussion answered for my Marketing in a Global environment and 2 respond to 2 other classmate

JWI 518: Marketing in a Global Environment Week 8 Lecture Notes

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Omnichannel Marketing What It Means Consumers today move frequently between offline and online channels, using both types of setting to research and purchase goods and services. They may encounter a brand in numerous ways before they make the decision to engage actively with it. If the brand messages they receive from a representative at a store or on the phone are not aligned with the messages found on the brand’s website or on social media, this creates confusion and reduces the appeal and trustworthiness of the brand. Additionally, since there is no way to predict when the consumer will be ready to buy, every one of these channels must make it easy for customers to act and make a purchase when the moment is right for them. Based on this reality, the challenge for marketing professionals today is to create an integrated and consistent experience for customers, wherever they encounter the brand. Whether the consumer is at a physical store, on the phone with customer service, on a company website or social media site, or using a mobile app, a consistent brand message must be conveyed. However, all these channels are managed by different business units within the organization. Marketers need to connect with each unit and break down silos, to achieve integrated branding of their products or services. Omnichannel marketing is an approach which aims to solve this problem, by aligning brand messaging across all the channels where a brand is promoted. Why It Matters

• Customers encounter brands through multiple diverse touchpoints and channels

• Consistent brand messaging across channels increases the appeal of a brand

• Coordination across business units is required to implement omnichannel marketing

“Marketers should aim to combine the best of both worlds – the immediacy of online

channels and the intimacy of offline channels.” Kotler, Kartajaya & Setiawan

JWI 518: Marketing in a Global Environment Week 8 Lecture Notes

© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University. JWI 518 – Lecture Notes (1196) Page 2 of 5

Marketing Across Channels Integrating Traditional and Digital Media Customers are becoming increasingly mobile in their engagement with brands and in their pathway to purchasing products and services. They move frequently between physical and online locations; when online, they move frequently between different types of digital channels. Their mindset can be described as channel-agnostic, meaning that they do not mind what type of channel they use to access information. However, they do expect that the information from different sources about the same brand will be consistent. Two types of purchase scenario that result from this customer mobility are showrooming and webrooming. In showrooming, the customer learns about a brand from ads or from friends; they then visit a store “showroom” to experience the product in person. They may purchase the product in the store or they may go online to find the best price. In webrooming, after hearing about a brand, the customer searches online to find out more about that brand from online “webrooms”. Maybe they see a positive review on a social media site and a high ranking on a product comparison website. These endorsements increase their interest in making a purchase. However, if this particular product is large and heavy, the customer may decide to visit a local store to make the actual purchase, so as to save on shipping costs.

Marketing professionals and company leaders need to understand the implications of these new patterns of cross-channel product review and purchase. Customers expect easy access to consistent information about the brand, wherever they happen to come into contact with it. In addition, whenever they are ready to buy, they expect easy access to efficient purchasing and delivery. These attitudes introduce new challenges for the marketing function, affecting brand campaigns, sales, inventory, and customer service. While such expectations can pose new challenges, companies also derive some benefits from the online marketplace. Firstly, they have access to a wider, more varied audience for their products. Secondly, they can collect a rich set of detailed customer data, which can be used to assess their sales and marketing campaigns. From Multichannel to Omnichannel Marketing The future of shopping is multichannel, and therefore the future of marketing must also be multichannel. A successful omnichannel strategy needs to have a firm footing in both online and

JWI 518: Marketing in a Global Environment Week 8 Lecture Notes

© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University. JWI 518 – Lecture Notes (1196) Page 3 of 5

offline sales environments. Customer relationships must be built with consistency across all the channels where they may interact with the brand. But what does this mean in practice? How does a marketing professional move his or her department and company towards an omnichannel strategy? A good place to start is by understanding the nature of channels and how they are connected, and by clarifying the difference between the terms “multichannel” and “omnichannel”. A channel is any medium where a customer can interact with a brand. In terms of Kotler’s thinking, a channel is a connection that provides a customer touchpoint, whether it is a physical location or a digital application. A multichannel marketing strategy uses multiple channels to connect with prospects and customers. The goal of a multichannel strategy is to identify which channels to invest in, but the various channels are approached independently. By contrast, an omnichannel marketing strategy views all marketing channels used by the brand as connected parts of one whole. The goal of an omnichannel marketing strategy is to align all the channels and touchpoints together so that, whatever journey the customer takes through the multiple channels, their experience is consistent and unified. For multiple channels where customers interact with a brand to be connected and consistent, the units and departments of the company must be aligned. Business leaders must rethink their organizational systems for marketing and sales. They must seek ways to ensure that teams working in marketing, sales, and customer service are aligned in their mission and brand messaging. Some companies do this by merging different but related teams into one larger unit; others do it by maintaining separate units, but including brand alignment across channels in each team’s goals, and incentivizing them to collaborate and communicate well. Lessons Learned from Amazon Amazon has a mission to be the “Earth’s most customer-centric company”. They continuously adapt to incorporate different channels and align them into a cohesive marketing and customer service strategy. Of course, Amazon is a mega company with vast resources; however, we can still learn lessons from their approach to the use of multiple channels. Amazon has two key areas of focus: the customer experience and integration behind the scenes. To streamline the customer experience, Amazon uses customer data to create a personalized, responsive interaction across every channel where its customers encounter the brand. The company’s watchword is convenience, with a wide range of products available at the touch of a

JWI 518: Marketing in a Global Environment Week 8 Lecture Notes

© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University. JWI 518 – Lecture Notes (1196) Page 4 of 5

button, along with fast delivery and easy returns. In terms of integration, Amazon collects customer data and make it available to all its marketing and service channels, so that wherever the customer encounters the brand, his or her experience is consistent. Amazon also uses the principle of integration in its customer loyalty program, Amazon Prime. On the surface, Amazon Prime is like membership of a discount stores such as Costco. Invest in the membership and you get benefits. But Prime is adapted to digital shoppers. It removes the biggest reason that causes online buyers to abandon their shopping carts – that is, shipping costs. Despite periodic price increases for Prime membership, by 2019, according to the ecommerce website, Barilliance.com1, there were 95 million Amazon Prime members. Tips for Omnichannel Marketers Omnichannel marketing has become a buzzword in the marketing world, but how does a business get started with the move from basic multichannel operations to a comprehensive omnichannel approach. Providing a seamless customer experience across all the channels and touchpoints in a constantly evolving marketing environment is a significant challenge. For a brand that is well established in multiple channels, but has not yet achieved that desired omnichannel strategy in their marketing activities, there are several key steps you and your team can take to get started.

Customer Connections and Touchpoints First of all, focus on making more effective connections with your customers at every touchpoint. These connections are the basic building blocks for your marketing campaigns. Before starting to design your omnichannel strategy, you need to make sure you have picked the right channels and the right tools to build the strategy upon.

Develop Customer Personas You need an in-depth understanding of your target audience and the sub-groups or segments within it. This includes their likes and dislikes, their needs and wants, their values and beliefs, as well as their buying habits and behavior across all channels. To

1 Stephen Serrano. April 10, 2019. What Amazon Teaches us About OmniChannel Strategy in 2019. https://www.barilliance.com/amazon-omnichannel-strategy/

JWI 518: Marketing in a Global Environment Week 8 Lecture Notes

© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University. JWI 518 – Lecture Notes (1196) Page 5 of 5

develop this understanding, collect and analyze relevant customer data and build buyer personas to support your omnichannel strategy design.

Collect and Collate Customer Data Marketing professionals generally have lots of data available to them. However, having a lot of data is not the same as having the right data. And having the right data is not the same as having actionable information. Marketing departments need systems to manage customer data collection and procedures to keep that data current. They also need analytic systems that can connect the dots and turn that raw data into useful information.

Select Your Brand’s Top Channels You do not need to be present on all channels. You just need to be where your customers are. Identify where your target audience interacts with you: those are the channels that your brand needs to target. What percentage of customer connections take place via phone calls, emails, online platforms, or social media? Where are your ideal customers the most active? Incorporate this knowledge into your omnichannel strategy and plan to engage with customers and respond to interactions on these key channels.

Looking Ahead In this lecture, we learned how marketers use omnichannel marketing to provide an integrated and consistent branding experience for their customers across multiple channels. In support of this marketing approach, we saw how business leaders need to build systems that enable the various departments in their company to communicate well and achieve alignment in their brand messaging. Finally, you learned about some ideas you can use, as you work to develop your own omnichannel marketing strategy. In the next lecture, we will learn about engagement marketing and identify the most successful methods of building affinity with customers. We will compare traditional styles of customer relationship management (CRM), using telephone and email connections, with digital CRM, using online tools and social media. In addition, we will examine the use of customer loyalty programs as social marketing tools and understand the value they provide for both companies and consumers.