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IMC, The Next Generation: Five Steps for Delivering Value and Measuring Returns Using Marketing Communication
 
 
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IMC, The Next Generation: Five Steps for Delivering Value and Measuring Returns Using Marketing Communication [Hardcover]

Don E Schultz , Heidi Schultz

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This book is all about today's IMC - what it is, what it means to you, and how to use it to power your organization's growth and financial success! With his breakthrough book "Integrated Marketing Communications", Don Schultz first showed marketers how to integrate internal and external communication into a dynamic, value-adding asset. In "IMC - The Next Generation", Schultz teams with Heidi Schultz to offer updated insights on today's newly powerful business and communication model using the IMC approach. Let it show you how to focus on identifying the right customers, determining their value, investing in them with communication programs, and then measuring the impact of and returns on those communication activities.'Having pioneered the concept of integrated marketing communications (IMC), Don and Heidi Schultz now show all of the strategic and tactical steps that will make the 'new marketing' work for you. I will gladly recommend this book to CMOs and CEOs who want to win using a combination of strong brand building and direct-to-customer marketing' - Philip Kotler, Professor of International Marketing, Kellogg School of Management, Northwestern University, and author of "Marketing Management". 'Don and Heidi Schultz have placed IMC where it belongs - at the center of the organization as a core business strategy to drive long-term shareholder value. The book is fundamental in scope, detailed in its analysis, and far-reaching in its implications' - Shekar Swamy, President, R K SWAMY/BBDO Advertising Ltd.'A marketing book that every senior executive has to read. Don and Heidi have the ability to communicate IMC principles with compelling simplicity, using practical examples to support well-thought theories' - John Wallis, Senior Vice President Marketing, Hyatt International Corporation. 'In this new centerpiece for IMC, Don and Heidi present a comprehensive and actionable road map to build, manage, and measure integrated marketing communication programs and link them to what really matters in business: value creation' - Javier Trevino, Vice President for Corporate Communications, CEMEX.'Unlike any other business model - including the highly touted customer relationship management approach - IMC uniquely integrates all the pieces of an organization around a single factor: the wants and needs of customers. Satisfying those wants and needs leads to the core business objective of creating value for shareholders. And that is the objective of this book: helping practitioners move from seeing IMC simply as a means of coordinating communication to viewing it as a core business strategy that is based on measurable communication inputs and outputs' - From Chapter 1.With today's increased emphasis on technology, branding, and globalization, communication is more than just a tactical corporate activity - it becomes a key element in ongoing success. Results-driven communication now allows you to treat each of your customers as individuals with distinct wants and needs, then answer those needs as you build both sustainable competitive advantage and measurable return on your marketing investments."IMC - The Next Generation" outlines a step-by-step process for combining and coordinating every method through which your organization communicates with customers. Built around the strategic ideas and insights that author Don Schultz used to help launch the IMC revolution, this hands-on book combines research-based insights with real-world examples to explore how businesses can leverage the IMC model to: seamlessly integrate all internal and external communications programs; communicate positive messages to customers at every contact point, for every reason; implement value-based business approaches that generate cash flows and shareholder value; since its introduction over a decade ago, integrated marketing communication has progressed from a communication-only approach to a full-fledged business strategy, one that combines and focuses all of the organization's functions and activities around its customers." IMC - The Next Generation" reveals how IMC can be implemented in organizations of virtually any size, in any economic climate, and in any geographic area to determine how much to invest in marketing communication, how to increase the returns on those investments, and how to deliver measurable and identifiable outcomes - to position and prepare your organization for success in today's evolving, undefined, and virtually limitless business landscape.

From the Back Cover

All about today's IMC--what it is, what it means to you, and how to use it to power your organization's growth and financial success!

With his breakthrough book Integrated Marketing Communications, Don Schultz first showed marketers how to integrate internal and external communication into a dynamic, value-adding asset. In IMC--The Next Generation, Schultz teams with Heidi Schultz to offer updated insights on today's newly powerful business and communication model using the IMC approach. Let it show you how to focus on identifying the right customers, determining their value, investing in them with communication programs, and then measuring the impact of and returns on those communication activities.

Praise for IMC--The Next Generation

"Having pioneered the concept of integrated marketing communications (IMC), Don and Heidi Schultz now show all of the strategic and tactical steps that will make the 'new marketing' work for you. I will gladly recommend this book to CMOs and CEOs who want to win using a combination of strong brand building and direct-to-customer marketing."
--Philip Kotler, Professor of International Marketing, Kellogg School of Management, Northwestern University, and author of Marketing Management

"Don and Heidi Schultz have placed IMC where it belongs--at the center of the organization as a core business strategy to drive long-term shareholder value. The book is fundamental in scope, detailed in its analysis, and far-reaching in its implications."
--Shekar Swamy, President, R K SWAMY/BBDO Advertising Ltd.

"A marketing book that every senior executive has to read. Don and Heidi have the ability to communicate IMC principles with compelling simplicity, using practical examples to support well-thought theories."
--John Wallis, Senior Vice President Marketing, Hyatt International Corporation

"In this new centerpiece for IMC, Don and Heidi present a comprehensive and actionable road map to build, manage, and measure integrated marketing communication programs and link them to what really matters in business: value creation."
--Javier Trevino, Vice President for Corporate Communications, CEMEX

"Unlike any other business model--including the highly touted customer relationship management approach--IMC uniquely integrates all the pieces of an organization around a single factor: the wants and needs of customers. Satisfying those wants and needs leads to the core business objective of creating value for shareholders. And that is the objective of this book: helping practitioners move from seeing IMC simply as a means of coordinating communication to viewing it as a core business strategy that is based on measurable communication inputs and outputs."

--From Chapter 1

With today's increased emphasis on technology, branding, and globalization, communication is more than just a tactical corporate activity--it becomes a key element in ongoing success. Results-driven communication now allows you to treat each of your customers as individuals with distinct wants and needs, then answer those needs as you build both sustainable competitive advantage and measurable return on your marketing investments.

IMC--The Next Generation outlines a step-by-step process for combining and coordinating every method through which your organization communicates with customers. Built around the strategic ideas and insights that author Don Schultz used to help launch the IMC revolution, this hands-on book combines research-based insights with real-world examples to explore how businesses can leverage the IMC model to:

  • Seamlessly integrate all internal and external communications programs
  • Communicate positive messages to customers at every contact point, for every reason
  • Implement value-based business approaches that generate cash flows and shareholder value

Since its introduction over a decade ago, integrated marketing communication has progressed from a communication-only approach to a full-fledged business strategy, one that combines and focuses all of the organization's functions and activities around its customers. IMC--The Next Generation reveals how IMC can be implemented in organizations of virtually any size, in any economic climate, and in any geographic area to determine how much to invest in marketing communication, how to increase the returns on those investments, and how to deliver measurable and identifiable outcomes--to position and prepare your organization for success in today's evolving, undefined, and virtually limitless business landscape.


Inside This Book (Learn More)
First Sentence
Integrated marketing communication (IMC)-a process through which companies accelerate returns by aligning communication objectives with corporate goals-has its roots in the boom times of the 1980s. Read the first page
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Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
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Customer Reviews

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Amazon.com:  4 reviews
5 of 5 people found the following review helpful
If You Care About Integrated Marketing, You'll Read This Book 2 July 2008
By Joe Pulizzi - Published on Amazon.com
Format:Hardcover
This book has been a bible of sorts for me over the past few years. Anyone trying to figure out what's going on in social media and the changing nature of the buyer, should take a read through this first.

Some of the areas may be a bit hard to grasp, but the methodology makes sense, and the Schultz team breaks it down into a step-by-step process that will make your marketing programs measurable (if you follow their advice).

This book is not for the marketing hobbyist, but will be well worth it for anyone in business or marketing that cares about creating long-term relationships with their customers (and measuring the progress).
2 of 2 people found the following review helpful
Good Theory - Bad Editing 27 Sep 2011
By R Sanchez - Published on Amazon.com
Format:Hardcover|Amazon Verified Purchase
IMC The Next Generation is a very good overview of what Integrated Marketing and Communication is and how IMC can be implemented into a business. The writing itself is about as dry and uninspiring as central Texas in August, but the ideas are there in a fair amount of detail. It also includes some of the real life problems a marketer may come across when trying to implement an IMC program into an existing business.

Full disclosure: I have not finished the book, so I can't speak for anything past chapter 8, but a couple of things to be aware of. There are some very critical errors in some of the charts and formulas and I have not received an answer from either the publisher or the authors to let me know exactly what the correction would be. These errors could skew any assumptions on the value of customers very significantly, so it would be nice to know if the mistake was in the formula itself or how they used it in the example given.

Starting on page 110, they give a formula for determining a customer brand value then pose a scenario using quantity estimations from research and existing customer data. Then they fill in the formula from those estimations. But it seems they don't use the same numbers when doing the final math.

P x BR x SOP x CM = CBV

In the example they say Penetration (P) is the number (percentage) of customers they have of the total number of customers. (40,000 out of 100,000) 40% or .4

Then when they do the math, they use the number (2) in the penetration (P) slot. Where does the 2 come from?

Then they say the buying rate averages 12 cartridges per printer x 2 printers per customer per year. That's 24 cartridges per customer per year, yet when they enter the number into BR number of the formula, they use 12 instead of 24.

The SOP (.65) and the gross margin ($6.50) numbers seem correct.

But plugging the numbers into the formula, the difference in average annual value per customer is significant when you substitute what should be the right numbers.

2 x 12 x .65 x 6.5 = $101.40 numbers they used for the calculation)

compared to

.4 x 24 x .65 x 6.5 = $40.56 numbers I think they should have used)

Then on pages 113-114 the figures between Exhibit 5.2 and the explanation of groups B & C seem to be swapped.
Good for Class, Good for Marketing 1 Nov 2011
By xofirefighters - Published on Amazon.com
Format:Hardcover|Amazon Verified Purchase
Had to read this book for a promotions class. A great deal of information and incite especially looking at todays markets. Takes away the notion of the 4 P's and brings in the idea of SIVA.

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