Chapter 4 (1)

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Feb 20, 2024

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1. Can you identify at least two different pieces of relevant background information it would be important to know about our client or Bellissima? - Market Positioning: Understanding where Bellissima stands in the market, its current market share, and perception among potential customers. This includes information about competitors, especially those offering less expensive models. - Social Responsibility Initiatives: Given that the CEO, Roberto Piazza, has a commitment to giving back, it's crucial to know more about the social responsibility initiatives, such as the donation to SOS Children’s Villages International. This information adds a layer to the brand's identity and values. 2. What type of secondary research could you conduct to obtain this information? - Competitor Analysis: Utilize Google searches to find news stories and articles about Bellissima's competitors, their market positioning, and strategies. - Meltwater: Research the number of times Bellisima was mentioned on social media during a particular period of time, the daily average during that period, and their trends. Captures posts specific to the upcoming race, sentiment, and origin of posts (both location and source). 3. Can you connect this secondary research to the KPIs you have previously identified? What would they be and why? KPI 2: The percentage of coverage Bellissima receives compared to competitors in the cycling industry on social media compared to current share of voice data by tracking the mentions of Bellissima compared to competitors. - Share of Voice: Understanding Bellissima's market position and comparing it with competitors would directly contribute to the Share of Voice KPI. If Bellissima is frequently mentioned and discussed in the market, it indicates a strong share of voice. KPI 3: The percentage of social media followers who take a desired action, such as visiting the website or engaging with the campaign compared to current conversion rate based on social media follower actions and website visits. - Social Media Conversion Rate: Information about social responsibility initiatives can be tied to the social media conversion rate. If the CSR efforts resonate with the audience, it might lead to higher engagement, clicks, and conversions on social media. Analyzing the client’s Key Performance Indicators and comparing them with industry benchmarks and competitors' KPIs could provide a comprehensive view of Bellissima's performance and effectiveness in meeting objectives. Connecting secondary research to KPIs ensures that the information gathered aligns with the campaign's objectives and provides measurable insights into the success of the PR strategies.
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