Marketing Analytics Inc. can help address Nokia's business challenges through proven solutions like Marketing Mix Modeling and Price & Promotion Analysis. They have decades of experience modeling thousands of products across industries and countries. A next step would be for Nokia and Marketing Analytics to execute a Master Service Agreement to begin an engagement.
How to make a online photography brand . Cyber marketing tactics and internet usage for promoting your brand. Strategies to form a online brand leading to conclusion
How to make a online photography brand . Cyber marketing tactics and internet usage for promoting your brand. Strategies to form a online brand leading to conclusion
A marketing strategy refers to a business' overall game plan for reaching prospective consumers and turning them into customers of the products or services the business provides.
Marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage. A marketing strategy should be centered on the key concept that customer satisfaction is the main goal. Fulfillment of wants of the prospects is one the important goals of marketing activities.
Modern Marketing Practices-Marketing Control Types & strategies-Green MarketingVenkat. P
Marketing Department – Marketing Control & Types of Control. Modern Marketing Practices – Green Marketing, Cause – related Marketing, Mobile Marketing and Online Marketing.
Econometrics for marketing
“Half my advertising spend is wasted; the trouble is, I don’t know which half.”
– John Wanamaker
“the long term is not simply the adding up of short terms.”
– Peter Drucker
“We want to enable Audience First Marketing; how do we measure its commercial impact?”
– Marketers with a customer-centric mindset
Marketing mix modeling | Econometrics brand valuation | Audience first marketing | Econometrics for marketing | Marketing measurement
In this report, an integrated communications strategy will be devised for mobile commerce based on the organisation WEVE, who are a joint venture between EE, telefonica (O2) and Vodafone, the three biggest mobile network providers in the UK.
The Future of Direct Marketing - Implications for Publishing and MediaAcxiom Corporation
We believe that direct marketing should be held up as the greatest marketing invention we've had, today marking the way for digital marketing's future. But why? What exactly is direct marketing? And what are the implications for the publishing and media sector?
Starting a Digital Group today means you have to balance many opinions within the operation. See how we started the Commercial Digital Group and what we got done in the first six months.
E- Marketing Strategies
A marketing strategy refers to a business' overall game plan for reaching prospective consumers and turning them into customers of the products or services the business provides.
Marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage. A marketing strategy should be centered on the key concept that customer satisfaction is the main goal. Fulfillment of wants of the prospects is one the important goals of marketing activities.
Go to market strategy (gtm) for get my parking appBharat Narayan
This presentation is about go to market strategy while entering to overseas market for startup (Get my parking),contain sample presale pitch to the client in one page.Hope this add to knowledge of needful user.
A marketing strategy refers to a business' overall game plan for reaching prospective consumers and turning them into customers of the products or services the business provides.
Marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage. A marketing strategy should be centered on the key concept that customer satisfaction is the main goal. Fulfillment of wants of the prospects is one the important goals of marketing activities.
Modern Marketing Practices-Marketing Control Types & strategies-Green MarketingVenkat. P
Marketing Department – Marketing Control & Types of Control. Modern Marketing Practices – Green Marketing, Cause – related Marketing, Mobile Marketing and Online Marketing.
Econometrics for marketing
“Half my advertising spend is wasted; the trouble is, I don’t know which half.”
– John Wanamaker
“the long term is not simply the adding up of short terms.”
– Peter Drucker
“We want to enable Audience First Marketing; how do we measure its commercial impact?”
– Marketers with a customer-centric mindset
Marketing mix modeling | Econometrics brand valuation | Audience first marketing | Econometrics for marketing | Marketing measurement
In this report, an integrated communications strategy will be devised for mobile commerce based on the organisation WEVE, who are a joint venture between EE, telefonica (O2) and Vodafone, the three biggest mobile network providers in the UK.
The Future of Direct Marketing - Implications for Publishing and MediaAcxiom Corporation
We believe that direct marketing should be held up as the greatest marketing invention we've had, today marking the way for digital marketing's future. But why? What exactly is direct marketing? And what are the implications for the publishing and media sector?
Starting a Digital Group today means you have to balance many opinions within the operation. See how we started the Commercial Digital Group and what we got done in the first six months.
E- Marketing Strategies
A marketing strategy refers to a business' overall game plan for reaching prospective consumers and turning them into customers of the products or services the business provides.
Marketing strategy is a process that can allow an organization to concentrate its limited resources on the greatest opportunities to increase sales and achieve a sustainable competitive advantage. A marketing strategy should be centered on the key concept that customer satisfaction is the main goal. Fulfillment of wants of the prospects is one the important goals of marketing activities.
Go to market strategy (gtm) for get my parking appBharat Narayan
This presentation is about go to market strategy while entering to overseas market for startup (Get my parking),contain sample presale pitch to the client in one page.Hope this add to knowledge of needful user.
Red Door Interactive: Contribution-Attribution-Mix, Oh My! Creating Content f...AMASanDiego
Track: Insight & Analytics
Topic: MULTI-ATTRIBUTION
Title: Contribution-Attribution-Mix, Oh My! Creating Content for YOUR Customers
Speaker: ANDY BATTEN, Director of Digital Analytics & Optimization, Red Door Interactive
While the phrase ‘Attribution’ has been supplanted by ‘Big Data’ as the hottest buzz-word in digital marketing, it remains a concept that few understand, and even fewer are incorporating into channel marketing strategies. Often, the difficulty for many companies is in breaking the concept down into the core components that could otherwise help them grasp and move through the process. Rather, companies think of attribution as one giant problem to solve, which inevitably continues to push the topic into the ‘next year’ bucket on their list of priorities.
In “Contribution-Attribution-Mix, Oh My!”, Andy will break down the concept of ‘Attribution’ into core concepts and strategies that make the process tangible and linear, so you can walk away understanding the necessary elements and steps which are required to move from the crawl phase to ‘running’ with econometric/media mix modeling.
- See more at: http://sdama.org/events/2015-art-of-marketing-conference/#session-details
Innovations in marketing effectiveness measurement Michael Wolfe
A new and innovative approach in marketing ROI measurement. Goes beyond traditional marketing mix models by 1) developing long-term ad effects measurements, 2) measuring media message and creative, 3) quantifying the interactions or synergies across the marketing mix and 4) measuring the voice-of-the customer through social media
Marketing mix or attribution journey towards unified marketing analyticsJoy Joseph
Next-generation MMM is an integrated process that
leverages its understanding of overall demand drivers
(marketing and non-marketing) along with other research
external to MMM measurement to present a holistic
marketing strategy to target growth opportunities. Attribution modeling focuses on understanding the
impact of marketing or, more specifically, media
campaigns on each individual consumer decision or
“conversion.” It is a “bottom-up” approach, measuring
total impact by aggregating up from transaction-specific
impacts. Both MMM and attribution modeling are great for the
purpose they are intended for, with MMM guiding
overall marketing strategy and attribution modeling
guiding tactical campaign performance.
Learn How a New Kind of Marketing Mix Modeling is Better for Media PlanningThinkVine
This presentation discusses the use of agent-based modeling and its proven advantages to media planners, including the abilities to create effective media plans based on consumer differences, accurately attribute results to media tactics, quantify long-term effects, and forecast sales and ROI results.
Marketing Mix Models In a Changing EnvironmentAquent
Marketing Mix Models have been used successfully for years at consumer package goods (CPG) companies to increase their marketing effectiveness and efficiency. The four Ps (Product, Placement, Price, and Promotion) were as far as the models needed to go. Broad–based media was and is very expensive, which kept competition to a minimum. However, the marketing environment has changed in many ways and must be considered when looking to these models to improve marketing performance.
The Smart Cube | Marketing Mix Modeling: An Old Remedy for New IllsMelissa Luongo
Authors:
Ankit Abraham Sinha, Senior Analyst
Sidharth Sreekumar, Assistant Manager
What is Marketing Mix Modeling (MMM)?
MMM is the use of statistical analysis to estimate and predict the impact and effectiveness of media channels, price changes, promotions, and external factors on the sales volumes of a company. This helps demystify the relationship between a company’s marketing spend and its bottom line.
Measuring the Effectiveness of Marketing Spend Using MMM
Increasing Marketing Spend
As global ad spending increases, it is imperative for companies to ensure that they get the best bang for their buck. In this scenario, the need to measure the impact of various marketing media on sales and deploy marketing funds efficiently is even greater.
The Need to Measure the Impact of Marketing
According to an April 2014 study by VisionEdge Marketing and ITSMA, 85% of marketers polled were of the opinion that the pressure to measure the value and contribution of marketing is increasing. In addition, a May 2014 study by Ifbyphone states that 60% of marketing executives report marketing metrics to their business leadership teams at least on a monthly basis. This highlights the increasing emphasis being laid by business leaders on the need for regular and more accurate measurement of marketing metrics that highlight the impact of marketing spend on business performance.
Booz Allen Hamilton created the Field Guide to Data Science to help organizations and missions understand how to make use of data as a resource. The Second Edition of the Field Guide, updated with new features and content, delivers our latest insights in a fast-changing field. http://bit.ly/1O78U42
The presentation covers elements of a GTM plan, what makes it disruptive and how does one measure it. The presentation was used at the NASSCOM Product Conclave in Cochin held on 14 Dec 2016 by Sunder Madakshira.
The Age Of New Reality Marketing V5.1 FinalTony Mooney
It\'s been a bug-bear of mine for many years that the average marketing skill set has not moved on very much from the 1960\'s model of 4 \'P\'s (Product, Price, Promotion, Place). Or that marketing is still largely synonomous with advertising - and spam advertising at that. This is a presentation I did to a marketing forum out in Singapore, where I\'ve tried to outline the new capabilities of the marketer of the 21st century. I also postulate the (controversial) perspective that a chunk of this new capability - especially around data and decisioning - might be better out sourced, leaving the internal marketing skills to be concentrated on strategy and proposition. See what you think. [Sorry you won\'t have my spoken narrative just yet but the slides are reasonably self explanatory]
This presentation provides an overview of the ways in which we can enhance the impact of your marketing efforts on your customers, your business and the world at large.
With marketing budgets and resources slashed across organizations, growing brands and generating leads is proving to be a tedious process for marketers and sales professionals.
Join us on the Webinar as we discuss how leading marketers and organizations are putting together their marketing plan in an uncertain economy. With greater focus on where each and every marketing dollar is spent, marketers are now looking for ways to increase the efficiency of their marketing programs.
Each approach, concept and idea discussed in the seminar, will be supported by real life examples of how companies have succeeded in adopting marketing best practices. By the end of the seminar, you will leave with a set of innovative, effective and efficient marketing ideas which will work for your business.
TOPICS INCLUDE:
* How to get more from your marketing plan by paying less than before.
* New and creative ways to think about your marketing plan and dollars spent on it.
* Measurable Metrics for a bullet proof marketing plan.
* Real life case studies on how companies have efficiently used their marketing dollars.
Acting on a global basis to help our clients deliver winning marketing strategies through rigorous analytics, in-depth understanding and powerful insights. Making a difference - together.
Marketing And Its Future Metrics Proposal PowerPoint Presentation SlidesSlideTeam
If your company needs to submit a Marketing And Its Future Metrics Proposal PowerPoint Presentation Slides.Our researchers have analyzed thousands of proposals on this topic for effectiveness and conversion. Just download our template, add your company data and submit to your client for a positive response. http://bit.ly/2Serrsm
1. Prepared by : Voloe Jefferson Scott Marketing Analytics, Inc.
2. Agenda Who we are Your challenges Our solutions to your challenges Summary Next Steps
3. Who we are: about us accurate sales models, actionable results Founded in 1991, Marketing Analytics is a recognized leader in market response modeling. We quantify what drives sales for our clients and help them use the results to increase market share, revenue, and profit. Our unique combination of strengths enables clients to maximize return on their data and analytic investments.
4. Who we are: our clients We have been privileged to work with leading companies & brands from many different industry verticals, including:
10. Your challenges The global economic downturn is driving down mobile handsets’ prices and sales. “Users everywhere are putting more emphasis on price as part of their decision criteria when buying a new mobile phone.”2 “Mobile phone sales will contract in 2009 for the first time since 2001. Gartner expects the mobile device market to decline by 4% in 2009.”3 2 “Key Trends in Mobile Devices, 2009 and 2010” by CarlinaMilanesi, Gartner Research 3 “Key Trends in Mobile Devices, 2009 and 2010” by CarlinaMilanesi, Gartner Research
11. Our solutions to your challenges Intense competition within the internet phone market is eroding mindshare. Mindshare is brand awareness Brand awareness is driven by advertising and promotion. The key to advertising and promotion is marketing mix modeling!
15. Our solutions to your challenges:Marketing Mix Modeling Case Study Challenge: Consumer Health Care Company faced with under-performing marketing The client was the German division of a large multinational healthcare company with sales exceeding $20 billion. Marketing spend was geared towards direct to consumer advertising. Management wanted to increase efficiency by optimizing marketing spend.
16. Our solutions to your challenges:Marketing Mix Modeling Case Study Solution We constructed models to measure the sales effects of key marketing vehicles. These models were built using a wide variety of data sources. The models found that 13% of sales were due to marketing programs.
17. Our solutions to your challenges:Marketing Mix Modeling Case Study Recommendations Marketing Analytics developed two scenarios to improve profitability: Reduce spending 10% and optimize smaller budget Hold spending and optimize current budget The client CEO and CFO opted for reduced marketing spend.
18. Our solutions to your challenges The global economic downturn is driving down mobile handsets’ prices and sales. Defining the optimal price for your handsets given the economic outlook, manufacturing costs, and competition is a complex process. The key to this complex process requires price & promotion analysis!
22. Our solutions to your challenges:Price & Promotion Analysis Case Study Challenge : Global Beauty company seeking more profitable pricing This case involved a multi-billion dollar beauty company that manufactured and sold thousands of products in more than 100 countries. The client felt they had an unfavorable spending mix heavy on promotional discounts and light on brand-building activities. They sought to reverse this trend through higher price realization and rebalancing of promotional vs. brand spending.
23. Our solutions to your challenges:Price & Promotion Analysis Case Study Solution We provided price and promotion response models using detailed client sales data. The effort had broad scope, covering thousands of items and more than twenty countries.
24. Our solutions to your challenges:Price & Promotion Analysis Case Study Key Finding & Recommendation The U.S. product portfolio was more price-sensitive than those of many other countries. We recommended that the client reduce discounting on some key lines in the U.S. market while pursuing selected, short-term price increase opportunities internationally. The company has begun setting price strategies based on our model outputs.
25. Summary Marketing Analytics Inc. Depth of experience accumulated from modeling sales for thousands of products & services across a range of industries, sales channels, and countries Recognized expertise in measuring media effectiveness and ROI Proven marketing and media mix optimization capability
26. Summary Nokia’s business challenges The global economic downturn is driving down mobile handsets’ prices and sales. Intense competition within the internet phone market is eroding mindshare
27. Summary Marketing Analytics Inc. can execute solutions to address Nokia’s business challenges Marketing Mix Modeling Price & Promotion Analysis
28. Next Steps Execute a Master Service Agreement Begin engagement!
29. Thank You! Contact information Voloe Jefferson Scott Marketing Analytics, Inc. 500 Davis Street, Suite 1001 Evanston, IL 60201 Phone: (847) 425-9999 Fax: (847) 425-1332 Voloe@MarketingAnalytics.com
Editor's Notes
TV accounted for more than 50% of the budget. The seven-brand portfolio had a high spend- to-sales ratio of 25%
IMS, media agency, client internal data and financials, and government records. TV commercials, pharmacy displays, and sales calls on pharmacists had the largest contributions. However, this was unprofitable relative to the 25% spending-to-sales ratio.
The reduced spend scenario increased profits while maintaining sales. The constant spend scenario provided higher sales and slightly more profit.
Product offerings encompassed beauty, fashion jewelry, and apparel and were marketed through both direct and retail channels.
Key inputs included unit sales and revenue by item, # representatives, # brochures distributed, % pages by product, promotion offers, special events, competitive activity, and selected macroeconomic variables.
This was attributed to heavy reliance on promotional discounts and fewer brand-building initiatives. Products sold outside the U.S. were somewhat less responsive but still price-elastic (1% price increase causes sales to fall more than 1%).