Digital Strategy #DS
10
control
SOSTAC® planning
model…
1
2
3
4
5
6
situation
objectives
strategy
tactics
action
control
corporate
marketing
digital
resources scheduling
Smith, 1990
5S’s
marketing mix
marketing control process
Baines et.al., 2016
1. Discuss,
develop and
decide on
marketing
objectives
2. Establish
performance
measures and
standard
3. Evaluate
actual
performance
against
established
standards
4. Take
corrective action
as necessary
Implications of control
Structures must be clearly defined
The extent of functional control must be determined
Responsible individuals should be fully involved in planning
Regular performance reports should be provided
Responsible individuals should revise the plan when necessary
Every item should be the responsibility of an individual within
the organisation
…developing intelligent strategic objectives
Objective Substantiation Strategies to achieve
goals
KPI’s
Link to stage of
consumer journey
and SMART
Link to audit findings
and TOWS options
Link to STP, OVP,
growth and
positioning
What will you be
measuring?
Conversion –
increase average
order value to £30
per customer
Increase in
disposable income
Increased desire for
product
Position as luxury
against key
competitors
Differentiation
through features
OVP – exclusivity
% of unique visitors
responding to
promotions
…we need to avoid relying on vanity metrics
…so what metrics should we be tracking?
Metrics that are actionable…
Metrics that help us measure achievement…
Moogan, 2011, Moz, 2017
Metrics that help us learn and grow…
actionable metrics…
% visitors who view product pages…
% visitors who search and then leave… exit pages
Conversions…
Bounce rate…
Page load speed…
…it’s also useful to know
Browsers and traffic source…
Customer behaviour…
Content efficiency…
Hours and days…
Mobile performance…
Traffic from social media…
Keywords!
Facebook insights…
Virality…
Likes and reactions…
Talking about…
Reach…
Engagement…
Impressions…
Video engagement…
Click Through Rate (CTR)…
Advertising Metrics…
Video Advertising…
Brand Awareness (sentiment), Purchase Influence, SoV
Acquisition, Reputation, Brand Recognition (sentiment)
Native Advertising…
Programmatic…
Recognition, Traffic, Lead Generation
Marketo, Google, Econsultancy, 2017
Reach… Resonance… Reaction…
Nielsen, 2017
Attribution modelling…
Last Click…
Last Non-Direct Click… off-site
First Click…
Linear… all clicks contribute
Positional… all clicks contribute but are weighted differently
Murphy, Bloom Worldwide, 2017
Time-Decay… All clicks are weighted but the latest are more relevant
…data-driven?
…so it helps if we know the customer journey
…developing intelligent strategic objectives
Objective Substantiation Strategies to achieve
goals
KPI’s
Link to stage of
consumer journey
and SMART
Link to audit findings
and TOWS options
Link to STP, OVP,
growth and
positioning
What will you be
measuring?
Conversion –
increase average
order value to £30
per customer
Increase in
disposable income
Increased desire for
product
Position as luxury
against key
competitors
Differentiation
through features
OVP – exclusivity
% of unique visitors
responding to
promotions
…what should I measure?

Digital Strategy Lecture 10...

  • 1.
  • 2.
  • 3.
    marketing control process Baineset.al., 2016 1. Discuss, develop and decide on marketing objectives 2. Establish performance measures and standard 3. Evaluate actual performance against established standards 4. Take corrective action as necessary
  • 4.
    Implications of control Structuresmust be clearly defined The extent of functional control must be determined Responsible individuals should be fully involved in planning Regular performance reports should be provided Responsible individuals should revise the plan when necessary Every item should be the responsibility of an individual within the organisation
  • 5.
    …developing intelligent strategicobjectives Objective Substantiation Strategies to achieve goals KPI’s Link to stage of consumer journey and SMART Link to audit findings and TOWS options Link to STP, OVP, growth and positioning What will you be measuring? Conversion – increase average order value to £30 per customer Increase in disposable income Increased desire for product Position as luxury against key competitors Differentiation through features OVP – exclusivity % of unique visitors responding to promotions
  • 9.
    …we need toavoid relying on vanity metrics
  • 10.
    …so what metricsshould we be tracking? Metrics that are actionable… Metrics that help us measure achievement… Moogan, 2011, Moz, 2017 Metrics that help us learn and grow…
  • 11.
    actionable metrics… % visitorswho view product pages… % visitors who search and then leave… exit pages Conversions… Bounce rate… Page load speed…
  • 12.
    …it’s also usefulto know Browsers and traffic source… Customer behaviour… Content efficiency… Hours and days… Mobile performance… Traffic from social media… Keywords!
  • 14.
    Facebook insights… Virality… Likes andreactions… Talking about… Reach… Engagement… Impressions… Video engagement… Click Through Rate (CTR)…
  • 17.
    Advertising Metrics… Video Advertising… BrandAwareness (sentiment), Purchase Influence, SoV Acquisition, Reputation, Brand Recognition (sentiment) Native Advertising… Programmatic… Recognition, Traffic, Lead Generation Marketo, Google, Econsultancy, 2017
  • 18.
  • 19.
    Attribution modelling… Last Click… LastNon-Direct Click… off-site First Click… Linear… all clicks contribute Positional… all clicks contribute but are weighted differently Murphy, Bloom Worldwide, 2017 Time-Decay… All clicks are weighted but the latest are more relevant
  • 20.
  • 21.
    …so it helpsif we know the customer journey
  • 22.
    …developing intelligent strategicobjectives Objective Substantiation Strategies to achieve goals KPI’s Link to stage of consumer journey and SMART Link to audit findings and TOWS options Link to STP, OVP, growth and positioning What will you be measuring? Conversion – increase average order value to £30 per customer Increase in disposable income Increased desire for product Position as luxury against key competitors Differentiation through features OVP – exclusivity % of unique visitors responding to promotions
  • 23.