For the development of advertising and to get best results one need to follow the advertising process step

by step. The following are the steps involved in the process of advertising: 1. Step 1 - Briefing: the advertiser needs to brief about the product or the service which has to be advertised and doing the SWOT analysis of the company and the product. 2. Step 2 - Knowing the Objective: one should first know the objective or the purpose of advertising. I.e. what message is to be delivered to the audience?

3. Step 3 - Research: this step involves finding out the market behavior, knowing the competitors, what type of advertising they are using, what is the response of the consumers, availability of the resources needed in the process, etc. 4. Step 4 - Target Audience: the next step is to identify the target consumers most likely to buy the product. The target should be appropriately identified without any confusion. For e.g. if the product is a health drink for growing kids, then the target customers will be the parents who are going to buy it and not the kids who are going to drink it. 5. Step 5 - Media Selection: now that the target audience is identified, one should select an appropriate media for advertising so that the customers who are to be informed about the product and are willing to buy are successfully reached. 6. Step 6 - Setting the Budget: then the advertising budget has to be planned so that there is no short of funds or excess of funds during the process of advertising and also there are no losses to the company. 7. Step 7 - Designing and Creating the Ad: first the design that is the outline of ad on papers is made by the copywriters of the agency, then the actual creation of ad is done with help of the art directors and the creative personnel of the agency. 8. Step 8 - Perfection: then the created ad is re-examined and the ad is redefined to make it perfect to enter the market. 9. Step 9 - Place and Time of Ad: the next step is to decide where and when the ad will be shown. The place will be decided according to the target customers where the ad is most visible clearly to them. The finalization of time on which the ad will be telecasted or shown on the selected media will be done by the traffic department of the agency. 10. Step 10 - Execution: finally the advertise is released with perfect creation, perfect placement and perfect timing in the market. 11. Step 11 - Performance: the last step is to judge the performance of the ad in terms of the response from the customers, whether they are satisfied with the ad and the product, did the ad reached all the targeted people, was the advertise capable enough to compete with the other players, etc. Every point is studied properly and changes are made, if any.

ADVERTISING BUDGET

epartment managers in a business make decisions every

day that affect the profitability of the business. In order to make effective decisions and coordinate the decisions and actions of the various departments, a business needs to have a plan for its operations. Planning the financial operations of a business is called budgeting. A budget is a written financial plan of a business for a specific period of time, expressed in dollars. Each area of a businesss operations typically has a separate budget. For example, a business might have an advertising budget, a purchasing budget, a sales budget, a manufacturing budget, a research and development budget, and a cash budget. New and ongoing projects would each have a detailed budget. Each budget would then be compiled into a master budget for the operations of the entire company. A business that does not have a budget or a plan will make decisions that do not contribute to the profitability of the business because managers lack a clear idea of goals of the business. A budget serves five main purposescommunication, coordination, planning, control, and evaluation. IN BUDGETARY PLANNING, IT NEEDS THE FOLLOWING: COMMUNICATION In the budgeting process, managers in every department justify the resources they need to achieve their goals. They explain to their superiors the scope and volume of their activities as well as how their tasks will be performed. The communication between superiors and subordinates helps affirm their mutual commitment to company goals. In addition, different departments and units must communicate with each other during the budget process to coordinate their plans and efforts. For example, the MIS department and the marketing department have to agree on how to coordinate their efforts about the need for services and the resources required. COORDINATION Different units in the company must also coordinate the many different tasks they perform. For example, the number and types of products to be marketed must be coordinated with the purchasing and manufacturing departments to ensure goods are available. Equipment may have to be purchased and installed. Advertising promotions may need to be planned and implemented. And all tasks have to be performed at the appropriate times. PLANNING A budget is ultimately the plan for the operations of an organization for a period of time. Many decisions are involved, and many questions must be answered. Old plans and processes are questioned as well as new plans and processes. Managers decide the most effective ways to perform each task. They ask whether a particular

activity should still be performed and, if so, how. Managers ask what resources are available and what additional resources will be needed. CONTROL Once a budget is finalized, it is the plan for the operations of the organization. Managers have authority to spend within the budget and responsibility to achieve revenues specified within the budget. Budgets and actual revenues and expenditures are monitored constantly for variations and to determine whether the organization is on target. If performance does not meet the budget, action can be taken immediately to adjust activities. Without constant monitoring, a company does not realize it is not on target until it is too late to make adjustments. EVALUATION One way to evaluate a manager is to compare the budget with actual performance. Did the manager reach the target revenue within the constraints of the targeted expenditures? Of course, other factors, such as market and general economic conditions, affect a managers performance. Whether a manager achieves targeted goals is an important part of managerial responsibility.