PROPOSED INTEGRATED MARKETING COMMUNICATION STRATEGY TO INCREASE BRAND AWARENESS OF RISK MANAGEMENT APPLICATION (CASE STUDY OF SHIELD)
SHIELD is a risk management application developed specifically for the purpose of supporting risk management processes in enterprises. As a new entrant in the industry, AEGIS is having difficulty in engaging with potential clients due to low brand awareness mainly caused by the absence of digital...
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Format: | Theses |
Language: | Indonesia |
Subjects: | |
Online Access: | https://digilib.itb.ac.id/gdl/view/79138 |
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Institution: | Institut Teknologi Bandung |
Language: | Indonesia |
Summary: | SHIELD is a risk management application developed specifically for the purpose of
supporting risk management processes in enterprises. As a new entrant in the
industry, AEGIS is having difficulty in engaging with potential clients due to low
brand awareness mainly caused by the absence of digital presence and limited
testimonial. These reasons cause the application to be challenging to find on the
internet and unconvincing in the eye of potential clients in this time of which the
demand of risk management application is high. Due to these factors, it is essential
for the brand to establish a strong digital platform to ultimately attract the
engagement of potential clients.
The framework used in this research is based on Michael Belch’s Integrated
Marketing Communication Framework that started by analyzing the situation of the
brand’s marketing awareness through internal and external analysis through the
process of interview with Risk Management Professionals in the industry and
secondary data. The result of the interview is then used to summarize using the
SWOT analysis and TOWS analysis for strategy option formulation. Finally, the
result of the analysis is then used to construct strategies specific to the six-marketing
channels, which are Direct marketing, Personal Selling, Digital Marketing, Public
Relations, Advertising, and Sales Promotion.
The result of the analysis shows that the lack of dedicated website and trial
functions being the main factor of the issue. The other contributing factor being the lack of track record of SHIELD performance in the market which is unconvincing
to the potential clients. This writing proposes two types of plans that the company
could implement to improve the chance of engaging with potential markets through
scheduled that involves the development of SHIELD exclusive website, and adaptive
plan that involves participating in real-live events.
Through the case of SHIELD startups aiming to enter the market of risk management
or other types of business portal could consider the issue faced by SHIELD and have
better preparation before entering the market looking at brand awareness
perception. |
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