Principles of Marketing Engineering and Analytics 3rd Edition (9780985764821)
Title: Principles of Marketing Engineering and Analytics 3rd Edition
Authors: Gary L. Lilien, Arvind Rangaswamy, and Arnaud De Bruyn
Publisher: DecisionPro, Inc.
Copyright: 2017
ISBN-10: 0-985764821
ISBN-13: 978-0985764821
Format: Softcover
Pages: 328
Intended Audience: Undergraduate or Graduate level business school students with minimal background or technical training.
Suggest Retail Price: $50.00
Book Description
We have designed this book primarily for the business school student or marketing manager, who, with minimal background and technical training, must understand and employ the basic tools and models associated with Marketing Engineering.
The 21st century business environment demands more analysis and rigor in marketing decision making. Increasingly, marketing decision making resembles design engineering—putting together concepts, data, analyses, and simulations to learn about the marketplace and to design effective marketing plans. While many view traditional marketing as art and some view it as science, the new marketing increasingly looks like engineering (that is, combining art and science to solve specific problems).
We offer an accessible overview of the most widely used marketing engineering concepts and tools and show how they drive the collection of the right data and information to perform the right analyses to make better marketing plans, better product designs, and better marketing decisions.
** The latest edition includes up-to-date examples and references as well as a new chapter on the digital online revolution in marketing and its implications for online advertising. In addition, the edition now incorporates some basic financial concepts (ROI, Breakeven Analysis, and Opportunity Cost) and other tools essential to the new domain of marketing analytics. **
Subject Areas
The Principles of Marketing Engineering and Analytics 3rd Edition includes the following topics:
- Market Response Models
- Customer Value Assessment and Valuing Customers
- Segmentation and Targeting
- Positioning Analysis
- Forecasting
- New Product and Service Design
- Digital Marketing
- The Marketing Mix
Table of Contents
Chapter 1 The Marketing Engineering Approach
THE MARKETING DECISION ENVIRONMENT
Trends that Favor Marketing Engineering
Examples of Marketing Engineering Success
BASIC ECONOMIC CONCEPTS FOR ANALYZING MARKETING ACTIONS
TOOLS FOR MARKETING ENGINEERING
Market Response Models
Types of Response Models
Dynamic Effects
Market Share and Competition
Response at the Individual Customer Level
Objectives
Shared Experience and Qualitative Models
Choosing, Evaluating, and Benefiting from a Marketing Engineering Model
BUSINESS VALUE OF MARKETING ENGINEERING: FROM PROMISE TO REALITY
STRUCTURE OF THIS BOOK
SUMMARY
Chapter 2 Customer Value Assessment and Valuing Customers
THE CONCEPT OF CUSTOMER VALUE
Customer Needs and Value
Understanding Customer Needs
APPROACHES TO MEASURING CUSTOMER VALUE
Objective Customer Value: Should-Do Measures
Perceptual Customer Value: Plan-to-Do Measures
Behavioral Customer Value: Have-Done Measures
Comparison of Customer Value Measurement Approaches
VALUING CUSTOMERS AND CUSTOMER LIFETIME VALUE
SUMMARY
Chapter 3 Segmentation and Targeting
THE SEGMENTATION, TARGETING, AND POSITIONING APPROACH
SEGMENTATION ANALYSIS
The STP Approach
Segmentation Research: Designing and Collecting Data
TRADITIONAL SEGMENTATION
Reducing the Data with Factor Analysis
Developing Measures of Association
Identifying and Removing Outliers
Forming Segments
Profiling Segments and Interpreting Results
TARGETING INDIVIDUAL CUSTOMERS
IMPLEMENTATION BARRIERS AND SOLUTIONS
Front End Barriers
Research and Analytics Barriers
Implementation Barriers
SUMMARY
Chapter 4 Positioning
POSITIONING THROUGH BRAND LINKAGES
POSITIONING USING PERCEPTUAL MAPS
COMBINING PERCEPTUAL AND PREFERENCE MAPPING
Attribute-Based Perceptual Maps
Preference Maps
Joint-Space Maps
TRANSLATING PREFERENCE TO CHOICE
REVERSE MAPPING (FROM MAP TO RAW DATA)
INCORPORATING PRICE AS AN ATTRIBUTE
USES AND LIMITATIONS OF PERCEPTUAL AND PREFERENCE MAPS
SUMMARY
Chapter 5 Forecasting
FORECASTING METHODS
Judgmental Methods
Market and Product Analysis Methods
Time-Series Methods
Regression and Econometric Methods
The Product Life Cycle
NEW PRODUCT FORECASTING MODELS
The Bass Model
Pretest Market Forecasting and the ASSESSOR Model
WHICH FORECASTING METHOD TO CHOOSE?
SUMMARY
Chapter 6 New Product and Service Design
THE NEW PRODUCT DEVELOPMENT PROCESS
MODELS FOR IDEA GENERATION AND EVALUATION
Creativity Software
CONJOINT ANALYSIS FOR PRODUCT DESIGN
How to Conduct Conjoint Analysis
Strengths and Limitations of Conjoint Analysis
SUMMARY
Chapter 7 The Marketing Mix
PRICING DECISIONS
The Classical Economics Approach
Cost-Oriented Pricing
Demand-Oriented Pricing
Competition-Oriented Pricing
Price Discrimination and Revenue Management
Pricing Product Lines
RESOURCE ALLOCATION AND THE MARKETING COMMUNICATIONS AND PROMOTIONS MIX
Advertising and Impersonal Marketing Communications
Advertising Decisions in Practice
Sales Force Decisions
SALES PROMOTIONS: TYPES AND EFFECTS
Objectives of Promotions
Characteristics of Promotions
SUMMARY
chapter 8 The Digital, Online Revolution in Marketing
THE EVOLUTION OF ONLINE TECHNOLOGIES
ONLINE ADVERTISING VERSUS TRADITIONAL ADVERTISING
SEARCH ANALYTICS
Search Engines and Search Advertising
Google’s AdWords Platform
Measuring the Effectiveness of Online Advertising
Improving Paid Search Performance
SOCIAL LISTENING AND TEXT ANALYSIS
PANEL DATA ANALYSIS
SUMMARY
Chapter 9 Harvesting Value from Marketing Engineering
THE 10 LESSONS
Marketing Engineering Is Marketing
Marketing Engineering Is a Means to an End
Marketing Engineering Frames the Opportunity Costs Associated with Alternative Actions (or Inaction)
Marketing Models Require Judgment
Marketing Engineering as a Whole Is Greater than the Sum of its Parts
Data and Information Do Not Automatically Result in Value
Modern Software Allows for Rapid Prototyping
Every Model Has its Downside
Marketing Engineering Requires Lifelong Learning
Marketing Engineering Instructors Should Be Coaches Rather than Teachers
A LOOK AHEAD FOR MARKETING ENGINEERING
Online Analytical Processing (OLAP)
Models Offered as Web Services
Intelligent Marketing Systems
Simulations
Groupware for Decision Support
Improved Model Outputs
INSIGHTS FOR BETTER IMPLEMENTATION OF MARKETING ENGINEERING
Be Opportunistic
Start Simple; Keep It Simple
Work Backward: Begin with an End in Mind
Score Inexpensive Victories
Develop a Program, Not Just Projects
Make Marketing Engineering a Team Sport
SUMMARY
Student Copies
If you would like to use Principles of Marketing Engineering in your classroom, there are several ways your student may access the text in either printed or ebook format.
Printed:
University Bookstore (or Instructor) Purchase: University bookstores (or instructors) may purchase discounted copies of the texts directly from DecisionPro for resell or distribution to students.
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EBOOK:
University Purchase: An PDF version of the text may be purchased as an add on to the university software package.
Student Purchase: Students may purchase an ebook version of the text via the Google Play Store (not available in all countries).
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