A Branding Strategy to place the ITN brand in the position to compete against the BBC, Sky, CNN and Fox News in the news production/reporting market
The supplied brief will be incorporated into the research, strategy and evaluation.
An analysis of the news consumption market will be conducted with a consideration of ITNâs strategic options.
1. ITNâs positioning in the new news marketplace
2. Marketing of the brand and related products in line with the structure and capability of ITNâs overall business
All requested aspects outlined in the brief will be incorporate into the report, namely:
1. ITN competitor analysis across news platform
2. Analysis of brand offering
3. ITNâs strengths and weaknesses in its current branding approach
4. ITNâs current brand profile and future brand development strategy.
5. Suggestion of coherent future tactics and market opportunities.
6. Cost consideration for achieving ROI.
In order to reach these demands, it is necessary to develop these ideas into the strategic framework outlined below
I. Marketing Audit:
Analyse the macro-environment
PEST Analysis of News Consumption Market
Analyse the micro-environment
ITN Company Analysis
ITN Competitor Analysis
ITN Customer Analysis
SWOT Analysis of micro-environment from branding perspective
II. Key Issues and Implications
Addressing positioning, branding, visibility/understanding/receptiveness of service offered.
III. Branding objectives
Â· Develop the ITN brand profile (positioning, segmentation, targeting)
Â· Increase customer awareness of ITN brand
IV. Identify and Evaluation of strategic options
Formulate the most appropriate positioning, targeting, segmentation strategies in regards to ITNâs brand values and mission statement
V. Branding Strategy
Adapt the chosen strategic option to match and meet specified branding objectives.
VI. Marketing Mix Management
Analysis and selection of appropriate communications vehicles, including specified direct/email marketing tools, and other marketing services (PR, sponsorship, advertising)
Mix management will display an understanding of ITNâs agreed positioning, targeting and segmentation strategies
VII. Implementation, monitoring and control
Methods to implement, measure and control effectiveness of the strategy will be recommended.
Suggestions of future market opportunities will be identified at this stage.
9 weeks of research
End result deliverable
In-depth report, including action plan and timeline to be delivered by Friday 16th September 2005.
PowerPoint presentation of results on request
ITN to cover all travel costs, invoiced monthly
ITN to cover justifiable research costs, including questionnaire distribution and data collection, to be determined and paid for in advance.
Agreed contact between Tom Galanis and Victoria Jerome, within a reasonable frequency.
Fortnightly report updates commencing Friday 9th July 2005
Further meetings to be arranged as required by either party at key stages
Data Collection Issues
ITN commits to supply relevant company information, which will remain strictly confidential.
At this stage the proposal is very much flexible and any feedback or suggestions are welcomed.