Cover image for Data-Driven Marketing : The 15 Metrics Everyone in Marketing Should Know.
Data-Driven Marketing : The 15 Metrics Everyone in Marketing Should Know.
Title:
Data-Driven Marketing : The 15 Metrics Everyone in Marketing Should Know.
Author:
Jeffery, Mark.
ISBN:
9780470595688
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (323 pages)
Contents:
Data-Driven Marketing: The 15 Metrics Everyone in Marketing Should Know -- CONTENTS -- DOWNLOADABLE ROMI RESOURCES -- ACKNOWLEDGMENTS -- INTRODUCTION -- Part I: Essentials -- Chapter 1: The Marketing Divide -- The 15 Essential Marketing Metrics -- Case Examples -- Marketing Budgets: Key Differences between the Leaders and the Laggards -- Using Marketing Metrics to Weather Difficult Economic Times -- The First Step: Defining the Data-Driven Marketing Strategy -- Chapter 2: Where Do You Start? -- Overcome Obstacle 1: Getting Started-Focus on Collecting the Right Data and Create Momentum by Scoring an Easy Win -- Overcome Obstacle 2: Causality-Conduct Small Experiments -- Overcome Obstacle 3: Lack of Data-Strategies for Obtaining Customer Data -- Overcome Obstacle 4: Resources and Tools-Build the Infrastructure for Data-Driven Marketing -- Overcome Obstacle 5: People and Change-Create a Data-Driven Marketing Culture -- A Road Map for Implementing Data-Driven Marketing -- Chapter 3: The 10 Classical Marketing Metrics -- Linking Marketing Activities to Metrics -- A Balanced Scorecard for Marketing -- Facing the B2B Measurement Challenge -- Part II: 15 Metrics to Radically Improve Marketing Performance -- Chapter 4: The Five Essential Nonfinancial Metrics -- Shaping Perception: Metric #1-Brand Awareness -- Comparative Marketing: Metric #2-Test-Drive -- Loyalty Marketing: Metric #3-Churn -- Customer Satisfaction: Metric #4-CSAT -- Campaign Effectiveness: Metric #5-Take Rate -- Chapter 5: Show Me the ROI! -- Metric #6: Profit -- Finance for Marketing Managers: Metrics #7-NPV, #8-IRR, and #9-Payback Defined -- Return on Marketing Investment (ROMI) Framework for Management Decisions -- ROMI for Sports Sponsorship -- ROMI for a New Product Launch -- Stress-Test the Numbers: Sensitivity Analysis -- Chapter 6: All Customers Are Not Equal.

Metric #10-Customer Value Defined -- The New Marketing Strategy: Value-Based Marketing -- Balancing Short-and Long-Term Customer Profitability -- Customer Life Cycle Management -- Chapter 7: From Clicks to Value with Internet Marketing Metrics -- CPC versus CPM: Optimizing Metric #11-CPC Is the Google Innovation -- Optimizing Sponsored Search: Metrics #12-TCR and # 13-ROA -- How Good Is Your Web Site? Metric #14-Bounce Rate -- Changing the Internet Search Marketing Game with Attribution Modeling -- Beyond SEM: Internet Display Advertising Impact -- Hypertargeting Display Advertising in Social Media -- Metric #15-Word of Mouth (WOM) Social Media Marketing Engagement -- Part III: The Next Level -- Chapter 8: Agile Marketing -- If You Are Going to Fail, Fail Fast -- Design for Measurement -- Chapter 9: Wow, That Product Is Exactly What I Need! -- The First Essential Approach to Analytic Marketing: Propensity Modeling -- The Second Essential Approach to Analytic Marketing: Market Basket Analysis -- The Third Essential Approach to Analytic Marketing: Decision Trees -- Timing Is Everything: Event-Driven Marketing Case Examples -- The Business Case for Analytic Marketing -- Chapter 10: What's It Going to Take? -- Which Data Do You Really Need? -- Do You Need to Build a Ranch House or Empire State Building Infrastructure? -- Requirement Complexity -- Should You Forklift or Rearchitect Data in the Enterprise Data Warehouse? -- What We Know Can and Will Go Wrong (If You Don't Watch Out!) -- Harrah's Entertainment: Creating the Data-Driven Marketing Infrastructure Portfolio -- Chapter 11: Marketing Budgets, Technology, and Core Processes -- Marketing Campaign Management: The State of the Industry -- Research: Marketing Processes, Technology, and the Link to Firm Performance -- B2B versus B2C Investment Portfolio Mixes: Leaders versus Laggards.

Overcoming the Four Barriers to Professionalizing Marketing Processes -- Upgrading Marketing Campaign Management Processes: A Three-Phased Approach -- Lessons Learned from the Research: Complexity Requires Governance -- The Creative X-Factor -- Tying It All Together -- Appendix for Instructors: How to Use This Book to Teach Data-Driven Marketing -- NOTES -- INDEX.
Abstract:
NAMED BEST MARKETING BOOK OF 2011 BY THE AMERICAN MARKETING ASSOCIATION How organizations can deliver significant performance gains through strategic investment in marketing In the new era of tight marketing budgets, no organization can continue to spend on marketing without knowing what's working and what's wasted. Data-driven marketing improves efficiency and effectiveness of marketing expenditures across the spectrum of marketing activities from branding and awareness, trail and loyalty, to new product launch and Internet marketing. Based on new research from the Kellogg School of Management, this book is a clear and convincing guide to using a more rigorous, data-driven strategic approach to deliver significant performance gains from your marketing. Explains how to use data-driven marketing to deliver return on marketing investment (ROMI) in any organization In-depth discussion of the fifteen key metrics every marketer should know Based on original research from America's leading marketing business school, complemented by experience teaching ROMI to executives at Microsoft, DuPont, Nisan, Philips, Sony and many other firms Uses data from a rigorous survey on strategic marketing performance management of 252 Fortune 1000 firms, capturing 53 billion of annual marketing spending In-depth examples of how to apply the principles in small and large organizations Free downloadable ROMI templates for all examples given in the book With every department under the microscope looking for results, those who properly use data to optimize their marketing are going to come out on top every time.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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