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New Age of Marketing

The document discusses how marketing is moving from a traditional to a digital model in a post-Covid world. It proposes several frameworks to analyze changes in business landscapes and marketing approaches, including a 4C diamond model and STV triangle. New metrics like PAR and BAR are introduced to measure customer attraction and advocacy. The ideal customer journey is described as a "bow tie" shape involving awareness, appeal, ask, act, and advocate stages. Marketing approaches need to integrate legacy and new wave techniques to engage customers at different competitiveness levels.

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Aakriti Pant
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0% found this document useful (0 votes)
63 views29 pages

New Age of Marketing

The document discusses how marketing is moving from a traditional to a digital model in a post-Covid world. It proposes several frameworks to analyze changes in business landscapes and marketing approaches, including a 4C diamond model and STV triangle. New metrics like PAR and BAR are introduced to measure customer attraction and advocacy. The ideal customer journey is described as a "bow tie" shape involving awareness, appeal, ask, act, and advocate stages. Marketing approaches need to integrate legacy and new wave techniques to engage customers at different competitiveness levels.

Uploaded by

Aakriti Pant
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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New Age of Marketing and PR

Moving to Post Covid World

Dr Samir Kapur
WHY
Traditional WHAT: HOW:
Marketing
Anatomy of Change

Technology

Pol- Soc-
Economy
Leg Cul

Market
4C Diamond: A Model to Analyze Business Landscape

CHANGE
Technology

Pol-Leg Economy Soc-Cul

Market

COMPETITOR TOWS CUSTOMER


Examination

COMPANY

Source: Rethinking Marketing: Sustainable Market-ing Enterprise in Asia. 2002.Philip Kotler, Hermawan Kartajaya, Hooi Den Huan, Sandra Liu
STV-Triangle: Positioning-Differentiation-Brand Triangle

i
brand ntegrity

POSITIONING DIFFERENTIATION

BRAND

Source: Rethinking Marketing: Sustainable Market-ing Enterprise in Asia. 2002.Philip Kotler, Hermawan Kartajaya, Hooi Den Huan, Sandra Liu
STV Triangle: 9 Core Elements of Marketing

Source: Rethinking Marketing: Sustainable Market-ing Enterprise in Asia. 2002.Philip Kotler, Hermawan Kartajaya, Hooi Den Huan, Sandra Liu
Customer – Product – Brand Management

Customer Product
Management Management

Brand
Management
WHAT
WHY: New Wave HOW:
Marketing
The Future of Power Shifts

The Age of Participation & From Vertical to


Technology Collaborative Marketing Horizontal

The Age of Globalization From Exclusive to


Political Economy Social Paradox & Cultural Inclusive
Legal Culture Marketing

Market
The Age of Creative Society From Individual to
& Spiritual Marketing Social
New Wave Marketing: From 4C to 5C

CHANGE

COMPETITOR
4C CUSTOMER

COMPANY
New Wave Marketing: From PDB to TRIPLE-C
brand ntegrity

CLARIFICATION CODIFICATION
OF PERSONA OF DNA

POSITIONING DIFFERENTIATION
WHAT IS YOUR CONNECTED WHAT IS YOUR
COLOR? CATALYST AUTHENTICITY?
CIVILIZED

CHARACTER
WITH CHARISMA

BRAND

WHAT IS YOUR
AURA?
12 – C of New Wave Marketing
Marketing 3.0

INDIVIDUAL
COMPANY

Mind Heart Spirit

MISSION Deliver Realize Practise


(Why)
SATISFACTION ASPIRATION COMPASSION
VISION
(What)

Profit Ability Return Ability Sustain Ability


VALUES

Make a
(How)

Be BETTER DIFFERENTIATE
DIFFERENCE
HOW
Marketing 4.0
WHY: WHAT: Moving From
Traditional
to Digital
Competitiveness Level of Brands

LEVEL 3

ENGAGEMENT

LEVEL 2

EXPERIENCE
AHA

LEVEL 1

ENJOYMENT OK
Customer Path: From Individual to Social

Aware Appeal
AttitudeAsk Act Advocate
Act Again
Introducing New Brand Metrics

PAR
Purchase Action Ratio
BAR
Brand Advocacy Ratio
The Purchase Action Ratio (PAR)

Act
PAR =

Aware
What PAR really means

PAR = 0.5

Aware Appeal Ask Act Advocate

Brand Market
Awareness* Share
+1% +0.5%
The Brand Advocacy Ratio (BAR)

Advocate
BAR =

Aware
What BAR really means

Appeal Ask Act Advocate


BAR = X X X

Aware Appeal Ask Act


Conversion #1: Creating ATTRACTION

Loyalty Appeal Ask Act Advocate

(BAR)
= X X X

Aware Appeal Ask Act


Conversion #2: Creating CURIOSITY

Loyalty Appeal Ask Act Advocate

(BAR)
= X X X

Aware Appeal Ask Act


Conversion #3: Creating COMMITMENT

Loyalty Appeal Ask Act Advocate

(BAR)
= X X X

Aware Appeal Ask Act


Conversion #4: Creating AFFINITY

Loyalty Appeal Ask Act Advocate


(BAR)
= X X X

Aware Appeal Ask Act


Most Common Customer Path
The Ideal Customer Path: Bow Tie

Aware Appeal Ask Act Advocate

Attraction Curiosity Commitment Affinity


Fix the Gap

ATTRACTION CURIOSITY COMMITMENT AFFINITY

Appeal Ask Act Advocate


X X X

Aware Appeal Ask Act

- Brand positioning - Community - Channel management - Service blueprint &


and differentiation marketing customer care
- Sales force management
- Marketing Communication - Social media - Loyalty program
marketing
Integrating Legacy & New Wave

E3
NEW WAVE MARKETING
LEVEL 3
More New Wave Marketing As Brand Steps Up Competitiveness

ENGAGEMENT Connected marketing approach:


• Confirmation to Customer Community
• Clarification of Brand Character and
Codification
E2
• Connected Marketing Mix (Co-Creation,
Currency, Communal Activation,
LEVEL 2
LEGACY MARKETING Conversation) & its Commercialization
EXPERIENCE
• Customer Care and Collaboration
Conventional marketing approach:
• Strategic Segmentation & Targeting
• Brand Positioning & Differentiation
E1 • Tactical Marketing Mix (Product,
Price, Place, Promotion) & Selling
LEVEL 1
Approach
ENJOYMENT
• Value-Creating Services & Processes

A1 A2 A3 A4 A5
AWARE APPEAL ASK ACT ADVOCATE

More New Wave Marketing As Brand Intervenes Further Across Customer Path

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