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Transcript
But Will It Sell? Market-based Decision Systems Using SAS" Software
Lee H. Evans, SAS Institute Inc., Cary, NC
ABSTRACT
process can be detined in six steps:
The concept of strategic marketing planning has become
of paramount imponance within corporate marketing
program~. Marl<eters must rely heavily on analytical tools
for proper execution of profitable programs. The SAS
System Is a useful tool to increase the efficiency and
effectiveness of your marl<eting coordination and analysis.
1.
Analyze the Situation
Assess and determine the needs of and
opportunfties open to a company wfthin a
broadly defined customer base. These are
the "where are we now?' questions.
2.
Set ObJectives.
Determine how the customer base should be
segm~ed, and develop a picture Of what
market success looks like in each segment
of the market •• the "where are we going?"
questions.
3.
Evaluate Alternatives.
Look at eaCh product segment individually,
and determine the market distribution
concepts, strategies and plans to meet the
objectives within each market segment. Then
evaluate the costs and benefits of carrying
out these programs in the marketplace.
4.
Develop the Ptan.
Creatively develop programs to address the
needs of each market segment, including a
timetable and a desired outcome. Spell the
programs out in measurable terms within the
structure of a specWic plan.
5.
Implement the Program.
Implement and communicate the marketing
plans and programs through effective and
coordinated efforts by all parts of the
company. Allocate resources to a carefully
calculated 'marl<eting mix' as definea in tha
plan.
6.
Monitor and Adjust.
Continuously mon~or performance, evaluate
benefits, forecast and make practical use of
the Information to adjust and chenge to meet
the needs of each market segment.
The strategic marketing function is comprised of specnic
analysis components. Use of the SAS System within each
of these functional marketing components is emphasized.
Examples of system components are used to illustrate the
time-savlng features and increased effectiveness available
to market analysts through use of the SAS System.
Companies trying to become more market oriented are
accomplishing the task by changing the way they think
about their products and seflfices and more importantly
changing the wey they make decisions about the direction
for those products and seflfices.
The new decision
making methods are Often referred to collectively as
strategic markellng planning (SMP).
This paper
provides an example of how companies may use one
technology, the SAS System, as a tool within the SMP
process.
SCOPE OF STRATEGIC MARKETING PLANNING
The Need for Strategy
Your job depends on how effectively your company uses
markeling tools to run the business. Suppose someone
in your organization comes up with an idea for a new
product or service •• a good idea But will it sell? This
question tops a long list of strategy questions that must be
considered before a product can be brought to market.
All aress of the company - manufactUring, engineering,
research and development, finance, sales or marketing must understand the meaning and usefulness of 'market
oriented' planning. Read this carefully, I said market
oriented, not marketing oriented. Market oriented means
running a customer dtiven business, marketing oriented
implies a terr~orIal dispute dominated by a group calling
themselves the marketing department.
Information Processing Considerations
What Is SMP?
StrategiC marl<eting planning means different things to
ditferent businesses. A more logical approach may be to
define what being 'strategic marketing oriented" means to
a company - that is, you do not manage a company by
focusing on R&D (an input), production (an output), or
finance (a scoreboard), but rather by a thorough drMng
orientation toward the market and the customer. SMP
provides an organized approach toward this goal. and the
800
Markets are creatilte, dynamic, social and sometimes
unpredictable things.
Complex and expensive
systems to predict and adjust to chenging markets
are becoming the rule in business. Sometimes the
eystem becomes the strategy, and this is a serious
pillall in using information processing to run a
marketing operation. The system must be designed
to support the creative minds that will uttimately make
the marketing deCIsions.
sftuational analysis in the SMP process. Customer
analysis is the study of customer behavior and buying
preference wfthin each market segment and this is
where the capabilities of the decision system are put
to best use. The example below iilustrates a process
cailed choropieth mapping whlch integrates several of
the avallabie data analysis features.
SAS software is a useful tool for making marketing
decisions. Figure 1 illustrates the SMP Process Control
Panel, a SAS/AF" interface that is used to assi,>! the
marketer with each of the six steps in the SMP process,
Examples for the market-based system help to clarify the
structure and capabil~ieS of the market-based system,
MP MARKET -BASED SYSTEII
Situational Analysis Example:
Markel Dispersion
Conmand 1Ii==>
SMP Process Control Panel
(Please make a selection)
Situation
2 Objectives
3 At ternatives
4
I
I
I
5
Plan
l~lement
6 Monitor
X Exit SHP System
Figure 1: The SMP Process Control Panel
I
I
I
I
I
Choropleth maps are useful in demographic market
studies to determine dispersion within segments.
Typically. the maps display range-graded values for
geographic areas by shading, coloring, or placing
symbols on those areas. Choropleth maps eftectively
analyze rates, statistical measures or per capna
indICes.
The decision system performs a variety of functions
to help the analyst visualize the market 10 make more
informed decisions.
This example requires the
decision system 10 process date in several ways to
perform the chOropie1h analysis:
1.
Raw data is read from an input file and put
Into a SAS data set. The explosion of
demographic data In consumer markets has
resutted In increased use of relational data
bases.
SAS/DB2i1'Ml software is one
example of a data base Interface that Is
useful for this type of analysis. The advent
of munl-engine archtteCIure within SAS
software under Version 6 will further enhance
the funclionainy of the decision system
2.
this data set is merged with the appropriate
SASlGRAPH" map data set and the
obselVations are sorted.
3.
PROC MEANS determines the number of
points 10 plat for each geographical division.
4.
The program locates the center of each
geographical dMsion (a polygon).
5.
The NORMAL distribution function generates
a normally distributed pattern around the
center of the geographical dMsion. This
pattern is annotated on the map.
STRATEGIC MARKETING PROCESS
Analyzing the Situation
Snuational analysis in market-oriented planning determines
the position of your business in today's market The
Snuatlonal analysis involvas five key components important
to any group trying to develop a marketing strategy:
Internal assessment
competnor analysis
industry analysis
environment analysis
customer analysis.
Internal assessment, competitor analySiS, industry analysis
and environment analysis are important processes In
marketing decision systems. Systems to track customer
satisfaction data, competnive products and prices, and
finanCial and Industrial Innuences are easily tracked
through interactive data systems, These systems may
employ features of Screen Centrol Language through
SAS/AF and SAS/FSpe software to manage user
interaction.
Customer analysis, however, is the most important part of
801
Figure 2 shows the rasuns of the market dispersion
analysis based on customer demographic data. The
exampie employs the data extraction, statistical
analysis and graphiCS capabilities of the decision
system to pravide a practical aid for understanding
customer behavior in the market.
used to analyze market share w~hin the decisions
system Is referred to as a bubble plot. Bubble plots
allow the analyst to conceptually see the size of each
SBU within some perceptual space.
Morl(et ;)ispersion
Cl'>crople!1'I iMJppit>g
This technique of analyzing market share w~hin
segments is known as nonmetric muttldimensional
scaling. The applications of this technique may
include:
" Identification of desirable product attributes
" preferred combination of attributes
• subsmute and differentiated products
• viable segments w~hin a market
• 'holes' In ttle maE1<et for new introductions.
Figure 2
--
Market Sagi i I6C tab, N'IJi.yrJa
A.utomobile lkIrt<et Shore
-"
Setting Objectives
o
Objective setting in market-oriented planning is integrally
related to segmentation techniques.
Segmentation
stralegies are speCifIBd in strategic business units (SBU's)
and are used to formulate the physical structure of
markets. SBU's are often referred to as product market
segments. Objeofives in marketing ara explained in terms
of ttleses segments.
---
Segment pt: 30-35 year olds
The decision system helps the analyst address the three
primary
segmentation
requirements,
measurabirrty,
accessibillty and subStantiability. The goal is to develop
a strategic response to each segment; the responses may
include differentiated marketing, undifferentiated marketing,
or concentrated
marketing
depending
on
the
characteristics uncovered using the decision system.
FIgure 3
The plOt shown in Figure 3 provides data on the
relative perception of automobiles in a particular
product merket segment, 30-35 year old car buyers.
Each automobile is represented by a "bubble".
Bubbles correspond to maE1<et share and are plaoed
on the perceplual diagram according to ordinal scaled
input measures based on price and styling.
An ImPOrient design consideration emerges when studying
segmentation strategy; Segments must have different
response functions to any indMduaJ combination of
marlceling variables. The fact that a group Is different is
Irrelevant - the group must respond differently in the
market.
The decision system reads input demographic data
and automobile pricing data These measures are
then interpreted by the GPLOT procedure and used
as a prectical aid to help the analyst get a picture of
the market. There are a number of computational
issues related to muttidimensional scaling that should
be undelSlood before interpreting the rasutts of this
analysis. The example illustrates a simple use of
muttlverlate
techniques
employed
in
market
segmentation studies.
The example discussed below illustrales a segmentation
analysis using the decision system. The analysis helps the
analyst test for the three segmentation requirements.
Objective Setting Example:
Market Segmentation
The analysis of share siZll within each segment Is
imporlent to the overall segmentation strategy. A facility
802
evaluating Alternatives
collect, process, analyze and repon market research
information. It is Intended to illustrate the capabilHles
available to marketers through use of a SAS software
based decision system.
The process of evaluating atternatives in marketing is
usually aimed at growth strategies. The idea is to use the
sltuationalanalysis and objectives to choose a collection
of products and services - a "marketing mix' -- that
explo~s a company's strengtllS and weaknesses in a
specific market segment. Managers must analyze the
present marketing mix and evaluate current market targets
and new market targets and allocate resources to those
targets.
New products and services must also be
analyzed, and resources must be allocated to current and
new market targets.
Evaluating Alternatives:
A Survey Research Example
A popular analysiS method involves the use of an
applied technique known as 'backward' market
research. The premise of this approach Is to start
where the process usually ends and then work
backward. According to Alan R. Andreasen, Graduate
School of Management at UClA, these are the
'required steps to successful 'backward' research:
The number of approaches to market analysis at this stage
can be staggering. Different companies have different
strategies for developing the appropriate marketing mix.
In current or new product development, a number of
methods must be employed to effectively evaluate all the
marketing attematives available before developing a
marketing plan. In the end, there are four fundamental
strategies that can be adopted for each business unti:
1.
Determine how Ihe research resuks will be
Implemented (which helps define the
problem).
2.
Determine what the final report will contain
and what H should look like.
• Market penetration (low risk)
Specify the analyses. necessary to 'fill In the
blanks' of the research report.
market development (high risk)
product development (low risk)
divers~ication
4.
Determine the data necessary to carry out the
analySis.
5.
Design instruments and a sampling plan to
carry out the analysis.
(high risk).
Even In very small buSinesses, the sheer number and
Importance of the available atternatives require an effective
way to manage this process.
The possibilitieS for
implementing an automated market-bssed system· are
especially important when evaluating marketing aHematives.
6.
Do the field work required and always check
the data Is meeting your needs.
to see that
7.
Market research is especially Imporlant to help managers
make sound decisions during the process of evaluating
attamatives. Marketing research studies can be classKied
as being eHher basic or applied In nature. Basic research
finds new knowledge regarding some aspect of the
marketing system. In contrast, the purpose of applied
research Is to assiat managers in making baffer decistons.
Basic research studies tend to be thorough and complete
while the depth of applied research depends upon the
needs of.the deciston maker.
Do the analysis and wrne the report.
A common problem w~h this type of research
approach is that tt IS time consuming for both the
researcher and the manager. It requires more work by
the sponsor up front but uttimataly is more useful.
Thls example illustrates how the decision system can
be used to speed up applied market research using
the 'backward' methods.
SAS software can easily be used to build data entry
systems customized for verbal or written survey
Instruments using the interactive abilities available
within PROC FSEDIT. Figure 4 shOws a typical dela
entry screen for a mall-out survey. The software has
the capability of directly reproducing the actual survey
form, but In most cases this Is nof the most effective
way to Implement the data capture system.
An Important part of most market research studies Is some
sort of customer interview process. The interview Is
usually implemented through a survey. The survey may
be formal or Informal, subjective or objective, but must
always be accurate. The market-baSed. system is ideal for
conducting market research; ti can be used during all
phsses 01 the research process. The system can be used
as a tool for determining information needs, sampling
design, instrumentation, data collection, data proceSSing,
statistical analysis and repon generation.
The data entry features available wHhln SAS/FSP"
software enable the researcher to design the survey
The discussion below provides an elemental)l look into
methods used wHhin the decision system to design,
803
Instrument independent of the data capturing facility.
Note Ihat the data entry screens were designed to
follow the format of the written survey instrument, but
also require only two key strokes per field for the data
usefulness.
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entry person. (In most cases, a number followed by the
ENTER kay).
PROC FREO also offers us Fisher's exact test,
originally developed fOr the .special case of a 2X2
table. The line labeled 2-Tail gives the p-value fOr the
nuR end ahemative hypothesis. In this case, the pvalue is .00505, so you again reject the nuU
hypothesis, just as you did when looking at the chisquare test. Other parts of the output correspond to
other tests and are not discussed here.
As any SAS user knows, the analysis and reponing
facilkles available once the data has been coUected are
fimitless.
The analysis methods range from simple
univariate analysis to complex multivariate techniques.
Most inferential statistics in this type of applica1lon are
based on some form of cross tabulation of variables
COlleCted In the stuay.
Figure 6 illustrates the SAS
software code needed to implement one bivariate inference
test, the chi-square test, which is appropriate lor examining
the relationship between two nominal variables. h is
shown here because of tts uS'efulness in analyzing crosstabulation tables.
The preferred method of using 'backward' market
r_arch is to present this type of analysis - using
dummy data or a very lim~ed sample' - to the
sponsor before beginning the Interviews. The marketbased decision system easily allows the researcher to
re-define questions end alter analysis techniques to frt
the needs of the stuay. Data collection screens are
easily changed and analysis methOds may be
implemented to f~ requirements of the analyst or
supervising statistician.
When performing a chi-square test, the null hypothesis is
that the row and column variables are independent, while
the alternative hypothesis is that the row and column
variables are not independent. A test statistic Is calculated
and compared to a critical value from a Chi-square
distribution. This test is performed by invoking PROC
FREO as shown in Figure 5.
This example is comparing two responses to a
questiOnnaire about training methods. We are trying to
determine K there is a relationship between the availability
of a course coordinator to assist students taking computerbased training (C8T) courses and whether students
consider C8T handbooks useful. Both of the questions
have yes/no responses, creating a 2X2 response matrix.
Figure 6 ShOWS the resufis of the PROC FREO run. Notice
that the p-value (labeled Prob) is 0.002, which rejects the
nuU hypothesis. In other words, you conclude that there
is enough evidence to Indicate a relationship between
training coordinator availability and student handbOok
804
Develop the Plan
The strategic marketing plan is the tool used 10
coordinate and communicate the objectives and
functional plans tor each SBU. The kay component
of any marketing plan is the strategy statement, which
must concisely answer Ihree questiOns:
• What segment are we targeting?
• What competitors will we challenge?
, Why will customers purchase our product?
path method (CPM). Using PROC CPM, scheduling
information and activHy relationships are analyzed to
create the best possible marketing implementation
schedule.
Cross-Tabuilltlon Results
1988 Tra Inin\J su.-vey Dat>!
rA8t..E Of Q23 BY Q2-4
Q23~CDU"SB
Figure 7 shows a typical schedule produced by PROC
CPM and Figure 8 shows the resutts of invoking
PROC GANTT on the schedule. A variety of modeling
and "what-if" analysis methods are available to those
designing market-based decision systems.
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Figure 6: Results of chi-square Test
Figure 7: CPM Schedule
The rest of the plan provides a road map to guide the
company to successful marketing implementation. The
marketing plan usually consists of an analysis of the
current marketing situation, threats and opportunHies,
objectives, marketing strategies, action programs, budgets,
timetables and controls.
An Important contribution of the market-based decision
system is "s abilHy to track and schedule implementation
of marketing strategies. A number of techniques may be
employed in marketing project management and are ideally
suHed to the use of SAS/ORe software. The following
example illustrates the SCheduling abil~ies of the marketbased system.
...
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Plan Development Example:
Marketing Program. Schedule
......,
TIming of marketing programs is often as important as the
design of the programs. It is Imperative that marketing
programs be carried out according to a stratagic plan that
involves announcements and release dates corresponding
to the marketing environment. The decision system can
coordinate the timetables for marketing Implementation
through use of a number of scheduling methods.
The ntathod illustrated here shows the use of the GANTT
procedure to graphically represent the progress of
marketing activ~les as may be scheduled by the crhlcal
805
- ......... ........
...... _-.. "
.. 1_'"
~.".~
Figure 8: Garrlt Chart of Marketing Activity
Program ImplementatIon
---
A va~ety of programs may be formulated to callY out
strategic marl(eting plans. These programs may involve
what are commonly referred to as the live P's:
';';;;j""'·;';:;··;'~';i'· . ~..!~.!M=r~~. '"' ....; ..: ....... ; iii>i:it .. "
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Figure 9: Direct Mall Interface
There is a weahh of analysis that may be performed on
any one of these implementation pOints. Research and
modifICation on product line, price elasticity studies and
econom~c modeling techniquas, distribution channels
and scheduling systems, mass mailing and direct
marketing strategies, and sales management and tracking
systems may all be included In the decision system.
maDing as well as the response levels to produce
automated reports about the success of various
mailings in the market. In this way, the system
actually helps the analyst identity the optimal
combination of attributes for direct mail success for
allY particular market segment. Figure 10 Hiustrates
some samples of tracking responses bum into the
mailing system.
This technique combines data
analysis and user interaction tools to design a
targeted, market·based implementation program to
Increase sales revenue and prospecting etiectiveness.
Direct mail is an area that has received tremendous
attention in recent years. The high cost 01 personal selling
and the need to increase the number 01 qualified
prospects, and the large inlcrmation pools that exist for
database marketers, have caused narrowly targeted direct
mall to emerge .as an amazing source 01 new customers.
SAS software lends ilse" to targeted mailing activllies
through the use of data management tools w~hin the
language and full screen interactive technology. PAOe
FSLETTEA is ideally su~ed to Interact with larg<! data
systems to provide tor etiiclent and trackable mailings.
1 _ _ ..........
-..,.(:
Program Implementation Example:
Targeted Mailings
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..........".".: 1 -
...............ft" ..,
_ •....,.«......
..... "'1 .....,..
increased postage and labor costs require any direct mail
system to identity target customers in niche marl(e\S easily.
The beIIer the system is able to define customer attributes,
the more likely the malling wiD succeed in reaching iIs
intended audience. The objective of the system should be
the quality and appropriateness 01 the message, nof the
quantity 01 the lalters maDed.
""'l~
c ,,_ ..... 1'" .. ~~,
figure 10: Direct Mall Reports
Monitoring and Adjusting
Figure 9 shows one sample screen trom the market·based
system tl1at are designed to allow the analyst 10 target
mailings to specijic customers. Depending upon the fields
selected, a variety 01 databases are queried for information
resuftlng in a final SAS data set reedy tor use by PROe
FSlETTER.
One 01 the most important parts of the SMP process
involves the mon~oring of the market and tormulatlon
of contingency plans to respond to the chang<!s within
the market. As markets become more mature, they
usually become.lncreaslngly competKive and dynamic;
companies with the ability to edjust to dynamic
markets will emerge as formidable compet~rs.
On the other side, the system provides batch processing
cepabilHies 10 search for "hookS" or Identijication variables
whiCh track tile success of each mamng. The system
keeps tabs on tile labor and materialS expenses tor each
806
There are risks associated wHh cost leadership as well
as product differentiation.
The ettective market
competHor will develop thorough forecasting and
monAoring techniques to respond 10 changes in price
and product Slructure. Forecasting is simply the art of
anticipating what buyers are likely to do under a given set
of condnions.
Forecasting techniques may be
implemented at a number of stages throughout the SMP
process, but the forecast based on historical behavior over
time Is most importent now.
The market-based decision system must combine sales
and revenue data collection wijh well..:oordinated
lorecasting methods to provide accurate information to
direC! or chenge the marketing mix. The many forecastlng
options available to the analyst through the decision
system are based on the characterisllcs 01 the time series.
Sales ligures over time may exhibij three important
ciharecteristics
including
seasonality,
trend,
and
autocorrelation.
t ....
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nuuul'l1 $,'1"
' 0 1 - . . . ."U,,", . . . l)'PO t h ~_r
. .tq 11,,14 .. _ .
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or
hU • • • a
u.
t
Io,",_t• ., ....... cuU ••
l
~t!!:~~.r!~::'::.t:!~~!:~~;:~.!:'
UJ"_'~
not 1 ....""'
.
IIoh R....' _ '
Caution in USing forecasting lechniques within any
automated marketing system is important. Forecasting
shoUld not be a completely automated process. II should
be implemented by qualijied analysts Who are familiar wnh
the market as well as the various lechniques that may be
employed to predict the behavior 01 lime series data.
Figure 11: Time Series Forecasting System
ice sales for the upcoming year generated from the
decision system's forecasting model.
Given lhese requirements. the market-based decision
system may ba used 10 quickly and authorijatively aid the
analyst to forecast What the market might do. The
following examgle Hiustrates one forecasting application
using SASlETS sollware.
MonitOring Example:
The Sales Forecast
System Setec:Uon: Stepwise AutOflll9!'ouive. lin.,. TI"$"td
BAGS If 1(( IH
The example Hiustrates a simple autOmatic lorecasting
application on sample sales revenue data. The application
has been taken from the SASe Prototype Application:
Forecasting, to show the Interactive capabilnies 01 the
decision system along wtth the time series analysis
methods available in SAS/ETS sollware.
The data we are using reflect ice sales for the last four
years with the objective 01 forecasting sales for the
upComing year. After reviewing a plot 01 the Ume series
and noting the seasonal pattern, you can use the decision
system 10 pertorm a seasonal adjustment of the data so
you can see the overall Irend of your sales. The SAS
prototype provides an automatic forecasting option to
quickly run a number of different models on Ihe data
I~
or IIfIIIS
Figure 12: Plot of Forecast
Figure 11 shows Ihe main menu lor the time series
forecasting whicih may be inlegrated into the decision
system. The marketer can use the system to choose
among forecasting aHematives, specity the location 01 the
forecasting data, choose the data set to be forecasted.
select the time series variable, make adjustments for
seasonality, choose modeling methods and produce
forecast output.
The SASe Prototype Application: Forecasting provides
a good example 01 how forecasting capabil~ies can be
integrated into market-based decision systems. The
advanced analyticat merhods available to the marketer
wnhin the SAS software are too numerous to discuss
here, but all the fools to SOlve complex forecasting
problems may be buiH into the automated marketing
system.
The graphic output in Figure 12 Is produced to forecast
807
Evans, Sheila Fitzgerald (1986), SAS/GRAPH Scatter
Maps. Proceedings of the SAS Users Group
International Thirteenth Annual Conference, Cary, NC:
SAS Instftute Inc.
A WOAO OF CAUTION
To often, the technology available to marketers is viewed
as the uttimate source for decisions on business strategy.
Marketing is one of those exciting fields that combines the
science of concrate, analytical methods with creative
ability. You must employ common sense to know what to
do and when to do ft by developing a closeness to your
customers.
Kinnear, Thomas C. and Taylor, James R. (1987),
Marketing Research: An Applied Approach, New York:
McGraw-Hill Book Company
Kofler, Philip (1986), Principles of Marketing, third
edition, Englewood Cliffs, NJ: Prentice-Hall, A Division
of Simon & Schuster, Inc.
Although strategic marketing decisions are too important
and too complex for gut.feel decision making, the
automated systems developed should be designed to
compliment and coordinate practical applications. View
market·based decision systems as one tool toward your
objectives, and make systems practical with an emphasis
on the costs and benefits of implementation.
Schlof>:hauer, Sandra D. and Littell, Ramon C. Ph. D.
(1987), SAS System for Elemental}' Statistical Analysis,
Cary, NC: SAS Instrtute Inc.
Note: Examples and sample outpul: from the mtlf'ket-based
deei&ion system de$Cribed in this paper have been chimged
in the interest of confidentiality.
CONCLUSION
We have looked at the market·based decision system in
the context of the strategiC marketing planning process
form a generall>:ed, global perspeclive. This perspeclive
has helped uS realim the almost lim~less design
possibilities for SAS software based marketing decision
systems.
SAS, SASIAF, SAS/ETS, SAS/OF!, SASIFSP, and SAS/GRAPH
ant registered trad9matks of SAS Institute Inc., Caty, He.
USA. SAS/sTAT and SASIDB2 are lradematks of SAS
Instituta Inc.
The Interactive features now available along with database
interfaces and analytical capabilfties aUowusers to build
practical and efficient systems wfthin SAS software to
manage the strategic marketing function.
Specific
examples
including
market
dispersion
analysis,
segmentation analysis, survey research, statistical analysis,
projecl scheduling, dlrecl mail, and sales forecasting have
shown a few of the features available to market analysts
who want to integrate these techniques into their overall
system design.
Automated strategic marketing planning systems Should ba
viewed as tools to faster, cost·effective and practical
marketing decisions.
REFERENCES
Alrecl<, Pamela L and Settle, Robart 6. (1985), The Survey
Research Handbook, Homewood, IL Richard D. Irwin, Inc.
Andreasen, Alan R. (1985), 'Backward' Matket Research,
Harvard Business Review, Boston, MA: The President and
Fellows of Harvard College.
Brocklebank, J.C. and Dickey, OA (1986), SAS System for
Forecasung Time Series, Cary, NC: SAS Institute Inc.
808