MODERNIZATION OF COMPANIES MARKETING COMMUNICATIONS IN THE CONDITIONS OF THE GLOBAL INFORMATION SOCIETY DEVELOPMENT

Keywords: information society, marketing strategies, marketing communication technologies, demand, supply, globalization

Abstract

The article is devoted to the analysis of the latest business practices of using marketing communications as a tool of expansion in the post - industrial era. It is determined that the modernization of business marketing technologies in modern conditions has a dual nature and is due on the one hand, rapid technological changes and, on the other hand, transformations of the global marketing environment both in terms of competition between manufacturers and suppliers and given the latest trends in behavior consumers. Based on the Case method, the latest practice of influential global business entities to expand the arsenal of marketing communications in order to strengthen the competitive status and increase efficiency. It was found that due to the active modernization and spread of new means of marketing communication, an important manifestation of the latest trends in the relationship "producer-consumer" was the transformation of the model of communication with customers formed in previous decades. The former focus on the reflective reactions of consumers in view of the dominant business offer is giving way to the growing influence of value orientations, which increasingly determine one or another choice of buyers. The formation of value orientations of consumers is an important means of ensuring the quantitative growth of their demands and qualitative updating of such requests, mainly because of the use of the latest production technologies. It is revealed that now social networks, communication platforms with a certain range of issues that can be discussed, as well as various file exchangers are becoming more and more active information channels for obtaining relevant marketing information. Identifying target groups of customers and concentrating efforts on working with them allows companies to more fully meet and shape the needs of priority customers and strengthen their position in the market. The formation of value orientations of consumers with the help of modern means of communication is an important means of ensuring demand for the latest products, creating a fashion for their possession. It is determined that the tools of marketing communications are not limited to relationships in the B2C space: they can also be used for intra-corporate information exchanges of rapid information transfer between branches of the company, which form / coordinate different aspects of a marketing strategy depending on tastes and preferences. Prospects for further research are seen in the need to assess potential risks in the active implementation of the latest tools of marketing communications in view of their use as both transparent and latent technologies of pressure on consumers and means of outright discrediting competitors.

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Antonio C. Pisicchio, Ana Maria Machado Toaldo. (2020). Integrated marketing communication in hospitality SMEs: analyzing the antecedent role of innovation orientation and the effect on market performance. Journal of Marketing Communications. Retrieved 10 Mai, 2020 from: https://doi.org/10.1080/13527266.2020.1759121

Kim, D., Y. J. Ko. (2019). The Impact of Virtual Reality (VR) Technology on Sport Spectators’ Flow Experience and Satisfaction. Computers in Human Behavior. (pp. 346–356). Retrieved 12 April, 2020 from: https://doi.org/10.1016/j.chb.2018.12.040

Jie (Doreen) Shen, Yanyun (Mi) Wang, Chen (Crystal) Chen, Michelle R. Nelson, Mike Z. Yao. (2020). Using virtual reality to promote the university brand: When do telepresence and system immersion matter?. Journal of Marketing Communications. Retrieved 10 Mai, 2020 from: https://doi.org/10.1080/13527266.2019.1671480

Algharabat, R., N. P. Rana, Y. K. Dwivedi, A. A. Alalwan, and Z. Qasem. (2018). The Effect of Telepresence, Social Presence and Involvement on Consumer Brand Engagement: An Empirical Study of Non-Profit Organizations. Journal of Retailing and Consumer Services. (pp. 139–149). Retrieved 12 Mai, 2020 from: https://cronfa.swan.ac.uk/Record/cronfa35873/Details

The Economist. (27.10.2018). Amazon’s ambitious drive into digital-advertising. Retrieved 14 Mai, 2020 from: https://www.economist.com/business/2018/10/27/amazons-ambitious-drive-into-digital-advertising

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Evans Etruscan Howard. (2015). Marketing Strategies at McDonald's. Research Gate. Retrieved 10 Mai, 2020 from: https://www.researchgate.net/publication/301621368_Report_on_Marketing_Strategies_at_McDonald's

Marketing Strategy of Apple. (2020). Retrieved 11 Mai, 2020 from: http://sales-management-slides.com/wp-content/uploads/2013/08/Marketing-Strategy-of-Apple.pdf

Jason Cincott, Cathryn Camacho, Drew Olian. (2007). Strategic Report for Mattel, Inc. Harkness Consulting. Retrieved 10 Mai, 2020 from: http://economics-files.pomona.edu/jlikens/SeniorSeminars/harknessconsulting2008/pdfs/Mattel.pdf

Ekin Duran. (2020). Coca Cola – Marketing Strategy and Market Plan. Retrieved 10 Mai, 2020 from: https://www.academia.edu/9252021/Coco_Cola_Marketing_Strategy_and_Market_Plan

The Economist. (27.08.2015). Marketing in the digital age. Retrieved 12 Mai, 2020 from: https://www.economist.com/business/2015/08/27/a-brand-new-game

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Published
2020-07-07
How to Cite
Kudyrko, L., & Nikolaiets, O. (2020). MODERNIZATION OF COMPANIES MARKETING COMMUNICATIONS IN THE CONDITIONS OF THE GLOBAL INFORMATION SOCIETY DEVELOPMENT. Economic Scope, (156), 52-58. https://doi.org/10.32782/2224-6282/156-9
Section
WORLD ECONOMY AND INTERNATIONAL ECONOMIC RELATIONS