Final answer:
Specifying advertising objectives is essential in the development of an effective advertising program, as it guides the selection of media, crafting of targeted messages, and campaign evaluation. Understanding the target audience and acknowledging changes in media consumption are critical for message targeting and advertising revenue.
Step-by-step explanation:
When developing the advertising program, specifying advertising objectives is crucial because it influences various aspects of the campaign. Objectives define the goals and intentions of the advertisement, which in turn dictates the choice of media, the style, and content of the advertisement, as well as how it is evaluated post-campaign.
Defining target audience is a key step as it helps in refining the messaging and selecting appropriate media channels that resonate with the demographic. Critical insights can be gleaned from tools such as polls and focus groups, which help in crafting a message targeting strategy that connects with the potential supporters' most salient issues.
While selecting media, it's essential to pay attention to the evolution of media consumption. The drop in traditional advertising revenue indicates the need for innovative strategies due to the influence of new technology allowing consumers to skip or avoid ads. Advertisers need to be creative with campaigns and might rely on different media formats like television shows or new media to effectively reach and engage their audience.
Finally, once the campaign is live, evaluating its success helps in understanding its impact and effectiveness. This is achieved by determining if the advertising met its predetermined objectives and by assessing the overall return on investment (ROI).