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Building Brandwidth
Building Brandwidth

Global Marketing and R&D
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... • The process of identifying distinct groups of consumers whose purchasing behavior differs from other groups in important ways – Demography, geography, social-cultural factors, psychological factors – Firms adjust their marketing mix to meet the particular needs of different market segments ...
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... In addition, I will recommend a number of additional readings. These readings are culled from various sources (e.g., book chapters, academic and business journals) that relate to the focal topic(s) of the session and will give you deeper insights into the topic(s) outside of in-class discussions. I ...
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... Advantages – max. brand exposure & consumer convenience. – Exclusive distribution- strategy (opposite to intensive distribution) in which the producer gives only a limited number of dealers the exclusive right to distribute its products in their territories. – new automobiles and prestige women’s cl ...
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... appetite to gain even more insight into customers and markets. • Marketers in nearly all industries are expected to direct more resources to gathering and analyzing information especially in highly competitive markets. • In conducting our research we also test concepts against our competitors in ord ...
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... workshop for Esomar, the World Research Organisation entitled Measuring Emotions: How can we measure what consumers really feel about brands? Prior to joining the LVMH group in 2001, Mark worked for Gallup Poll, Research International and TNS Sofres as well as in the research department of the Finan ...
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Marketing mix modeling

Marketing mix modeling (MMM) is a term of art for the use of statistical analysis such as multivariate regressions on sales and marketing time series data to estimate the impact of various marketing tactics (marketing mix) on sales and then forecast the impact of future sets of tactics. It is often used to optimize advertising mix and promotional tactics with respect to sales revenue or profit.The techniques were developed by econometricians and were first applied to consumer packaged goods, since manufacturers of those goods had access to good data on sales and marketing support. The first companies dedicated to the commercial development of MMM were MMA (then Media Marketing Assessment) started in 1990 and the Hudson River Group founded in 1989. Other early pioneer-users of econometric modeling were the ATG group at the advertising agency JWT in the 1990s and later incorporated into MindShare ATG, BrandScience at Omnicom, and the specialist modeling agency OHAL since the late 1980s. These agencies took MMM from being a little-used and academic discipline to being a widespread and common marketing tool. Improved availability of data, massively greater computing power, and the pressure to measure and optimize marketing spend has driven the explosion in popularity as a marketing tool. In the recent times MMM has found acceptance as a trustworthy marketing tool among the major consumer marketing companies. Often in the digital media context, MMM is referred to as attribution modeling.
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