An effective media strategy requires a degree of flexibility. Because of the rapidly changing marketing environment, strategies may need to be modified. If the plan has not built in some flexibility, opportunities may be lost and/or the company may not be able to address new threats. Flexibility may be needed to address the following:
1. Market opportunities. Sometimes a market opportunity arises that the advertiser wishes to take advantage of. For example, the development of a new advertising medium may offer an opportunity that was not previously available.
2. Market threats. Internal or external factors may pose a threat to the firm, and a change in media strategy is dictated. For example, a competitor may alter its media strategy to gain an edge. Failure to respond to this challenge could create problems for the firm.
3. Availability of media. Sometimes a desired medium (or vehicle) is not available to the marketer. Perhaps the medium does not reach a particular target segment or has no time or space available. There are still some geographic areas that certain media do not reach. Even when the media are available, limited advertising time or space may have already been sold or cutoff dates for entry may have passed. Alternative vehicles or media must then be considered.
4. Changes in media or media vehicles. A change in the medium or in a particular vehicle may require a change in the media strategy. For example, the advent of cable TV opened up new opportunities for message delivery, as will the introduction of interactive media. The Internet has led many consumer companies to adopt this medium, while for business-to-business marketers the Web has almost become a requirement to succeed. Likewise, a drop in ratings or a change in editorial format may lead the advertiser to use different programs or print alternatives.
Fluctuations in these factors mean the media strategy must be developed with enough flexibility to allow the manager to adapt to specific market situations.
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