SlideShare uma empresa Scribd logo
1 de 3
Baixar para ler offline
Brett	
  Henderson	
  
COMM	
  636:	
  Integrated	
  Marketing	
  Communications	
  	
  
Case	
  Write	
  up	
  16.1	
  
November	
  27,	
  2012	
  
                                                        Columbia	
  Savings	
  
                                                Statement	
  of	
  the	
  problem	
  	
  
	
           The	
  problem	
  that	
  Columbia	
  Savings	
  has	
  is	
  very	
  simple,	
  but	
  can	
  be	
  very	
  
detrimental	
  to	
  the	
  company	
  if	
  not	
  handled	
  in	
  correct	
  way.	
  The	
  problem	
  that	
  CS	
  has	
  
is	
  how	
  to	
  handle	
  their	
  marketing	
  and	
  advertising.	
  Right	
  now	
  they	
  have	
  hired	
  the	
  
company	
  Boyton	
  &	
  Dodds.	
  They	
  are	
  a	
  full	
  service	
  advertising	
  and	
  PR	
  firm	
  and	
  has	
  
been	
  providing	
  work	
  for	
  the	
  company	
  for	
  four	
  years.	
  CS	
  feels	
  like	
  some	
  of	
  the	
  
agency’s	
  early	
  work	
  had	
  been	
  strong	
  and	
  effective	
  but	
  lately	
  it	
  has	
  been	
  pretty	
  dole.	
  
The	
  problem	
  CS	
  is	
  faced	
  with	
  is	
  to	
  continue	
  with	
  Boyton	
  &	
  Dodds,	
  bring	
  the	
  
marketing	
  and	
  advertising	
  in	
  house,	
  or	
  to	
  change	
  firms.	
  	
  
                                                      List	
  of	
  critical	
  factors	
  
       1. Evaluate	
  the	
  current	
  firm,	
  have	
  they	
  been	
  as	
  effective	
  as	
  they	
  can	
  be	
  and	
  
             should	
  CS	
  stay	
  with	
  Boyton	
  &	
  Dodds.	
  
       2. Start	
  shopping	
  for	
  new	
  advertising	
  and	
  PR	
  firms	
  to	
  take	
  the	
  business	
  too.	
  
       3. Evaluate	
  bring	
  the	
  advertising	
  and	
  PR	
  in-­‐house	
  and	
  hiring	
  a	
  team	
  to	
  do	
  all	
  of	
  
             the	
  work.	
  
                                 Definition	
  and	
  evaluation	
  of	
  alternatives	
  
       1. Evaluate	
  the	
  current	
  firm,	
  have	
  they	
  been	
  as	
  effective	
  as	
  they	
  can	
  be	
  and	
  
             should	
  CS	
  stay	
  with	
  Boyton	
  &	
  Dodds.	
  
                    a. Evaluating	
  the	
  current	
  company	
  to	
  make	
  sure	
  a	
  change	
  is	
  needed	
  is	
  
                       the	
  first	
  step	
  of	
  the	
  process.	
  In	
  order	
  to	
  fully	
  make	
  a	
  decision	
  about	
  
                       how	
  the	
  company	
  is	
  handling	
  the	
  account,	
  they	
  need	
  to	
  make	
  sure	
  
                       they	
  are	
  doing	
  the	
  best	
  job	
  possible.	
  
                    b. Pros:	
  There	
  are	
  a	
  few	
  pro’s	
  of	
  evaluating	
  the	
  current	
  firm.	
  The	
  first	
  
                       being	
  able	
  to	
  prove	
  they	
  are	
  either	
  doing	
  a	
  good	
  job,	
  or	
  have	
  fallen	
  
                       below	
  expectations.	
  This	
  will	
  give	
  CS	
  an	
  idea	
  on	
  if	
  it’s	
  the	
  firm,	
  or	
  just	
  
                       the	
  economy	
  and	
  a	
  shift	
  in	
  the	
  market.	
  It	
  will	
  give	
  them	
  an	
  idea	
  of	
  
                       what	
  they	
  need	
  to	
  do	
  to	
  make	
  a	
  difference,	
  if	
  it	
  is	
  anything	
  at	
  all.	
  They	
  
                       could	
  find	
  out	
  it	
  would	
  make	
  no	
  difference	
  to	
  make	
  a	
  change.	
  If	
  they	
  
                       make	
  a	
  change	
  when	
  it	
  is	
  not	
  needed,	
  it	
  can	
  set	
  the	
  company	
  back.	
  	
  
                       The	
  second	
  being	
  it	
  will	
  give	
  them	
  an	
  in	
  depth	
  looks	
  on	
  how	
  the	
  
                       industry	
  norm	
  is	
  performing	
  and	
  what	
  they	
  are	
  doing	
  well.	
  If	
  they	
  can	
  
                       figure	
  out	
  what	
  the	
  competitors	
  are	
  doing	
  well	
  they	
  can	
  see	
  if	
  the	
  firm	
  
                       they	
  have	
  can	
  duplicate	
  it	
  or	
  do	
  it	
  better.	
  
                    c. Cons:	
  There	
  are	
  a	
  couple	
  cons	
  of	
  performing	
  this	
  type	
  of	
  evaluation	
  of	
  
                       the	
  current	
  firm.	
  The	
  first	
  con	
  being	
  the	
  time	
  it	
  takes	
  to	
  complete	
  a	
  full	
  
                       evaluation	
  of	
  the	
  company	
  and	
  industry.	
  It	
  will	
  take	
  time	
  and	
  man	
  
                       power	
  to	
  fully	
  understand	
  the	
  direction	
  of	
  the	
  industry	
  and	
  what	
  
                       needs	
  to	
  happen	
  on	
  the	
  marketing	
  front	
  to	
  be	
  financially	
  successful.	
  
                       After	
  understanding	
  the	
  industry	
  trends,	
  they	
  can	
  then	
  evaluate	
  the	
  
                       firm	
  and	
  see	
  if	
  they	
  are	
  up	
  to	
  par.	
  This	
  will	
  take	
  more	
  time	
  and	
  man	
  
                       power	
  to	
  create	
  an	
  in	
  depth	
  evaluation	
  of	
  the	
  marketing	
  firm.	
  If	
  it	
  
takes	
  to	
  long	
  the	
  industry	
  could	
  change	
  again.	
  The	
  second	
  con	
  is	
  that	
  
              once	
  you	
  make	
  the	
  decision	
  to	
  start	
  evaluating	
  the	
  firm,	
  there	
  could	
  be	
  
              people	
  that	
  are	
  upset	
  with	
  the	
  decision.	
  	
  
2. Start	
  shopping	
  for	
  new	
  advertising	
  and	
  PR	
  firms	
  to	
  take	
  the	
  business	
  too.	
  
        a. They	
  could	
  look	
  around	
  at	
  different	
  firms	
  to	
  see	
  what	
  else	
  is	
  out	
  there	
  
              in	
  the	
  marketing	
  world.	
  They	
  will	
  hold	
  meetings	
  with	
  different	
  firms,	
  
              and	
  have	
  them	
  give	
  presentations	
  and	
  show	
  what	
  they	
  are	
  prepared	
  
              to	
  bring	
  to	
  the	
  company.	
  
        b. Pros:	
  The	
  pros	
  of	
  bringing	
  in	
  a	
  new	
  firm	
  to	
  the	
  company	
  can	
  spark	
  
              sales.	
  If	
  the	
  new	
  firm	
  can	
  rebrand	
  CS’s	
  image	
  to	
  generate	
  more	
  sales	
  
              and	
  accounts	
  for	
  CS	
  it	
  could	
  potentially	
  be	
  a	
  huge	
  financial	
  
              improvement	
  for	
  the	
  company.	
  This	
  will	
  also	
  show	
  the	
  employees	
  of	
  
              CS	
  that	
  they	
  have	
  not	
  given	
  up	
  or	
  settled	
  with	
  being	
  a	
  mediocre	
  
              company.	
  It	
  has	
  the	
  potential	
  to	
  drive	
  moral	
  up	
  in	
  the	
  office,	
  and	
  will	
  
              drive	
  the	
  employees	
  to	
  strive	
  for	
  a	
  top	
  tier	
  performance.	
  
        c. Cons:	
  There	
  are	
  a	
  few	
  cons	
  that	
  can	
  cause	
  a	
  negative	
  reaction	
  when	
  
              bringing	
  in	
  a	
  new	
  firm	
  to	
  CS.	
  The	
  implementation	
  process	
  can	
  be	
  time	
  
              consuming	
  and	
  difficult.	
  The	
  time	
  it	
  takes	
  to	
  rebrand	
  a	
  company	
  and	
  
              create	
  a	
  whole	
  new	
  marketing	
  plan	
  can	
  take	
  time.	
  If	
  the	
  company	
  and	
  
              its	
  employees	
  aren’t	
  patient	
  with	
  the	
  firm,	
  this	
  can	
  have	
  a	
  negative	
  
              draw.	
  If	
  they	
  firm	
  fills	
  like	
  they	
  are	
  rushed	
  to	
  me	
  a	
  deadline	
  that	
  is	
  
              unattainable,	
  they	
  won’t	
  be	
  able	
  to	
  create	
  a	
  successful	
  campaign.	
  If	
  the	
  
              campaign	
  doesn’t	
  work	
  the	
  way	
  it	
  is	
  supposed	
  to,	
  this	
  can	
  put	
  the	
  
              company	
  in	
  a	
  financial	
  hole.	
  They	
  will	
  lose	
  the	
  money	
  they	
  put	
  into	
  
              creating	
  the	
  new	
  marketing	
  plan,	
  as	
  well	
  as	
  the	
  money	
  though	
  could	
  
              have	
  been	
  gaining	
  with	
  sticking	
  with	
  the	
  original	
  firm.	
  	
  
3. Evaluate	
  bring	
  the	
  advertising	
  and	
  PR	
  in-­‐house	
  and	
  hiring	
  a	
  team	
  to	
  do	
  all	
  of	
  
   the	
  work.	
  
        a. CS	
  has	
  an	
  option	
  of	
  getting	
  rid	
  of	
  the	
  firm	
  they	
  have	
  hired	
  right	
  now	
  
              and	
  bring	
  all	
  of	
  the	
  marketing	
  and	
  advertising	
  in	
  house.	
  
        b. Pros:	
  The	
  pros	
  that	
  bringing	
  all	
  of	
  the	
  marketing	
  in	
  house	
  will	
  make	
  
              the	
  decision	
  tough	
  if	
  CS	
  does	
  in	
  fact	
  choose	
  to	
  make	
  a	
  change.	
  They	
  
              will	
  be	
  able	
  to	
  control	
  every	
  piece	
  of	
  marketing	
  and	
  advertising	
  that	
  
              comes	
  out	
  of	
  the	
  company.	
  They	
  will	
  be	
  able	
  to	
  work	
  freely	
  with	
  
              creative	
  minds	
  that	
  they	
  hire.	
  They	
  will	
  be	
  able	
  to	
  craft	
  and	
  mold	
  their	
  
              own	
  marketing	
  plan,	
  and	
  make	
  quick	
  changes	
  to	
  the	
  plan.	
  The	
  long	
  
              term	
  pro	
  is	
  that	
  it	
  will	
  be	
  cheaper	
  down	
  the	
  line.	
  	
  
        c. Con:	
  There	
  are	
  cons	
  to	
  setting	
  up	
  an	
  in	
  house	
  marketing	
  team.	
  The	
  
              first	
  being	
  that	
  it	
  will	
  cost	
  quite	
  a	
  bit	
  of	
  money	
  to	
  start	
  up.	
  It	
  will	
  cost	
  
              money	
  to	
  create	
  a	
  workspace	
  in	
  the	
  office	
  that	
  is	
  free	
  for	
  creative	
  
              minds	
  to	
  work.	
  Creative	
  minds	
  don’t	
  work	
  the	
  same	
  as	
  financial	
  
              investment	
  minds,	
  there	
  will	
  need	
  to	
  be	
  a	
  free	
  and	
  open	
  area	
  in	
  order	
  
              for	
  them	
  to	
  work.	
  It	
  will	
  cost	
  them	
  a	
  lot	
  of	
  money	
  to	
  get	
  the	
  technology	
  
              and	
  equipment	
  needed	
  to	
  run	
  a	
  successfully	
  marketing	
  branch,	
  this	
  
              includes	
  cameras,	
  computers,	
  software	
  and	
  other	
  tools	
  to	
  create	
  copy.	
  
              The	
  next	
  expense	
  will	
  be	
  hiring	
  a	
  team	
  to	
  run	
  this	
  branch.	
  They	
  will	
  
need	
  a	
  head	
  of	
  marketing,	
  a	
  mid-­‐level	
  manager	
  and	
  then	
  some	
  of	
  the	
  
                         skilled	
  positions	
  to	
  be	
  filled.	
  This	
  will	
  cost	
  quite	
  a	
  bit	
  of	
  money.	
  The	
  
                         next	
  con	
  is	
  that	
  they	
  will	
  have	
  to	
  develop	
  the	
  marketing	
  plan	
  them	
  
                         selves,	
  they	
  will	
  not	
  get	
  to	
  rely	
  on	
  a	
  company	
  doing	
  it.	
  If	
  the	
  plan	
  
                         doesn’t	
  work,	
  they	
  will	
  have	
  no	
  one	
  to	
  blame	
  but	
  themselves.	
  	
  
                                                               Conclusion	
  
	
        In	
  conclusion	
  I	
  would	
  go	
  with	
  hiring	
  a	
  new	
  marketing	
  firm.	
  I	
  believe	
  that	
  
companies	
  should	
  change	
  up	
  their	
  marketing	
  firms	
  every	
  so	
  often.	
  The	
  firm	
  gets	
  
stuck	
  in	
  their	
  ways,	
  and	
  when	
  they	
  have	
  the	
  same	
  client	
  for	
  long	
  periods	
  of	
  time,	
  it	
  is	
  
easy	
  to	
  coast	
  and	
  not	
  feel	
  pressure	
  to	
  come	
  up	
  with	
  new	
  material.	
  I	
  would	
  advise	
  
against	
  bring	
  the	
  marketing	
  in	
  house	
  because	
  I	
  like	
  to	
  have	
  to	
  power	
  to	
  change	
  firms	
  
whenever	
  I	
  choose.	
  	
  This	
  would	
  take	
  the	
  pressure	
  off	
  of	
  my	
  company	
  and	
  put	
  it	
  on	
  
the	
  firm.	
  I	
  also	
  believe	
  that	
  they	
  would	
  be	
  able	
  to	
  pick	
  the	
  best	
  firm	
  for	
  the	
  job	
  
because	
  they	
  would	
  get	
  to	
  see	
  each	
  company	
  present	
  their	
  ideas.	
  Bringing	
  in	
  a	
  new	
  
firm	
  would	
  revamp	
  their	
  image,	
  rebrand	
  them	
  to	
  the	
  target	
  market,	
  and	
  provide	
  
them	
  with	
  a	
  boost	
  in	
  sales.	
  
	
  

Mais conteúdo relacionado

Destaque

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by HubspotMarius Sescu
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTExpeed Software
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 

Destaque (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

Case study 4 (1)

  • 1. Brett  Henderson   COMM  636:  Integrated  Marketing  Communications     Case  Write  up  16.1   November  27,  2012   Columbia  Savings   Statement  of  the  problem       The  problem  that  Columbia  Savings  has  is  very  simple,  but  can  be  very   detrimental  to  the  company  if  not  handled  in  correct  way.  The  problem  that  CS  has   is  how  to  handle  their  marketing  and  advertising.  Right  now  they  have  hired  the   company  Boyton  &  Dodds.  They  are  a  full  service  advertising  and  PR  firm  and  has   been  providing  work  for  the  company  for  four  years.  CS  feels  like  some  of  the   agency’s  early  work  had  been  strong  and  effective  but  lately  it  has  been  pretty  dole.   The  problem  CS  is  faced  with  is  to  continue  with  Boyton  &  Dodds,  bring  the   marketing  and  advertising  in  house,  or  to  change  firms.     List  of  critical  factors   1. Evaluate  the  current  firm,  have  they  been  as  effective  as  they  can  be  and   should  CS  stay  with  Boyton  &  Dodds.   2. Start  shopping  for  new  advertising  and  PR  firms  to  take  the  business  too.   3. Evaluate  bring  the  advertising  and  PR  in-­‐house  and  hiring  a  team  to  do  all  of   the  work.   Definition  and  evaluation  of  alternatives   1. Evaluate  the  current  firm,  have  they  been  as  effective  as  they  can  be  and   should  CS  stay  with  Boyton  &  Dodds.   a. Evaluating  the  current  company  to  make  sure  a  change  is  needed  is   the  first  step  of  the  process.  In  order  to  fully  make  a  decision  about   how  the  company  is  handling  the  account,  they  need  to  make  sure   they  are  doing  the  best  job  possible.   b. Pros:  There  are  a  few  pro’s  of  evaluating  the  current  firm.  The  first   being  able  to  prove  they  are  either  doing  a  good  job,  or  have  fallen   below  expectations.  This  will  give  CS  an  idea  on  if  it’s  the  firm,  or  just   the  economy  and  a  shift  in  the  market.  It  will  give  them  an  idea  of   what  they  need  to  do  to  make  a  difference,  if  it  is  anything  at  all.  They   could  find  out  it  would  make  no  difference  to  make  a  change.  If  they   make  a  change  when  it  is  not  needed,  it  can  set  the  company  back.     The  second  being  it  will  give  them  an  in  depth  looks  on  how  the   industry  norm  is  performing  and  what  they  are  doing  well.  If  they  can   figure  out  what  the  competitors  are  doing  well  they  can  see  if  the  firm   they  have  can  duplicate  it  or  do  it  better.   c. Cons:  There  are  a  couple  cons  of  performing  this  type  of  evaluation  of   the  current  firm.  The  first  con  being  the  time  it  takes  to  complete  a  full   evaluation  of  the  company  and  industry.  It  will  take  time  and  man   power  to  fully  understand  the  direction  of  the  industry  and  what   needs  to  happen  on  the  marketing  front  to  be  financially  successful.   After  understanding  the  industry  trends,  they  can  then  evaluate  the   firm  and  see  if  they  are  up  to  par.  This  will  take  more  time  and  man   power  to  create  an  in  depth  evaluation  of  the  marketing  firm.  If  it  
  • 2. takes  to  long  the  industry  could  change  again.  The  second  con  is  that   once  you  make  the  decision  to  start  evaluating  the  firm,  there  could  be   people  that  are  upset  with  the  decision.     2. Start  shopping  for  new  advertising  and  PR  firms  to  take  the  business  too.   a. They  could  look  around  at  different  firms  to  see  what  else  is  out  there   in  the  marketing  world.  They  will  hold  meetings  with  different  firms,   and  have  them  give  presentations  and  show  what  they  are  prepared   to  bring  to  the  company.   b. Pros:  The  pros  of  bringing  in  a  new  firm  to  the  company  can  spark   sales.  If  the  new  firm  can  rebrand  CS’s  image  to  generate  more  sales   and  accounts  for  CS  it  could  potentially  be  a  huge  financial   improvement  for  the  company.  This  will  also  show  the  employees  of   CS  that  they  have  not  given  up  or  settled  with  being  a  mediocre   company.  It  has  the  potential  to  drive  moral  up  in  the  office,  and  will   drive  the  employees  to  strive  for  a  top  tier  performance.   c. Cons:  There  are  a  few  cons  that  can  cause  a  negative  reaction  when   bringing  in  a  new  firm  to  CS.  The  implementation  process  can  be  time   consuming  and  difficult.  The  time  it  takes  to  rebrand  a  company  and   create  a  whole  new  marketing  plan  can  take  time.  If  the  company  and   its  employees  aren’t  patient  with  the  firm,  this  can  have  a  negative   draw.  If  they  firm  fills  like  they  are  rushed  to  me  a  deadline  that  is   unattainable,  they  won’t  be  able  to  create  a  successful  campaign.  If  the   campaign  doesn’t  work  the  way  it  is  supposed  to,  this  can  put  the   company  in  a  financial  hole.  They  will  lose  the  money  they  put  into   creating  the  new  marketing  plan,  as  well  as  the  money  though  could   have  been  gaining  with  sticking  with  the  original  firm.     3. Evaluate  bring  the  advertising  and  PR  in-­‐house  and  hiring  a  team  to  do  all  of   the  work.   a. CS  has  an  option  of  getting  rid  of  the  firm  they  have  hired  right  now   and  bring  all  of  the  marketing  and  advertising  in  house.   b. Pros:  The  pros  that  bringing  all  of  the  marketing  in  house  will  make   the  decision  tough  if  CS  does  in  fact  choose  to  make  a  change.  They   will  be  able  to  control  every  piece  of  marketing  and  advertising  that   comes  out  of  the  company.  They  will  be  able  to  work  freely  with   creative  minds  that  they  hire.  They  will  be  able  to  craft  and  mold  their   own  marketing  plan,  and  make  quick  changes  to  the  plan.  The  long   term  pro  is  that  it  will  be  cheaper  down  the  line.     c. Con:  There  are  cons  to  setting  up  an  in  house  marketing  team.  The   first  being  that  it  will  cost  quite  a  bit  of  money  to  start  up.  It  will  cost   money  to  create  a  workspace  in  the  office  that  is  free  for  creative   minds  to  work.  Creative  minds  don’t  work  the  same  as  financial   investment  minds,  there  will  need  to  be  a  free  and  open  area  in  order   for  them  to  work.  It  will  cost  them  a  lot  of  money  to  get  the  technology   and  equipment  needed  to  run  a  successfully  marketing  branch,  this   includes  cameras,  computers,  software  and  other  tools  to  create  copy.   The  next  expense  will  be  hiring  a  team  to  run  this  branch.  They  will  
  • 3. need  a  head  of  marketing,  a  mid-­‐level  manager  and  then  some  of  the   skilled  positions  to  be  filled.  This  will  cost  quite  a  bit  of  money.  The   next  con  is  that  they  will  have  to  develop  the  marketing  plan  them   selves,  they  will  not  get  to  rely  on  a  company  doing  it.  If  the  plan   doesn’t  work,  they  will  have  no  one  to  blame  but  themselves.     Conclusion     In  conclusion  I  would  go  with  hiring  a  new  marketing  firm.  I  believe  that   companies  should  change  up  their  marketing  firms  every  so  often.  The  firm  gets   stuck  in  their  ways,  and  when  they  have  the  same  client  for  long  periods  of  time,  it  is   easy  to  coast  and  not  feel  pressure  to  come  up  with  new  material.  I  would  advise   against  bring  the  marketing  in  house  because  I  like  to  have  to  power  to  change  firms   whenever  I  choose.    This  would  take  the  pressure  off  of  my  company  and  put  it  on   the  firm.  I  also  believe  that  they  would  be  able  to  pick  the  best  firm  for  the  job   because  they  would  get  to  see  each  company  present  their  ideas.  Bringing  in  a  new   firm  would  revamp  their  image,  rebrand  them  to  the  target  market,  and  provide   them  with  a  boost  in  sales.