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Applying Scientific Reasoning to the Field of Marketing

Applying Scientific Reasoning to the Field of Marketing Author Terry Grapentine
ISBN-10 9781606493687
Release 2012-10-03
Pages 260
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Marketing decisions often misfire when driven more by beliefs than by knowledge. This book will guide you on how to differentiate between the two and to think more clearly and correctly when making those decisions, thereby increasing organizational success. The author has based this book on the fields of epistemology—the study of how knowledge is created—and the philosophy of science— the study of what it means for a science to be called a science. The motivation behind the book is quite simple: Given that science is so successful, why shouldn’t marketers borrow thinking and reasoning skills from science and apply them to marketing? Indeed, why not? The book details the groundwork for learning how to apply scientific reasoning to the field of marketing, such as some basic and important definitions (“What is a belief?” “What is knowledge?”), and identifies barriers to scientific reasoning, giving an example from the Dow Chemical Company and just how Dow uses critical thinking and reasoning skills to make more effective marketing and business decisions. You’ll also learn some real “thinking tools” you will need to apply scientific reasoning to solving your marketing problems. It introduces topics relating to attributes versus constructs, the meaning of causation, the relationship between coherence and justified beliefs, the importance of logic to sound reasoning, and the avoidance of logical fallacies in making sound recommendations. The book concludes by giving you direction to further improve your ability to apply scientific reasoning to solving marketing problems.



Critical Thinking for Marketers Volume II

Critical Thinking for Marketers  Volume II Author David Dwight
ISBN-10 9781631576713
Release 2016-12-02
Pages 85
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This second volume of Critical Thinking for Marketers expands your background knowledge of other areas of critical thinking that are making major contributions to both marketing as a social science and marketing as an applied science. Section I, Think Better, provides introductory discussions of - marketing as a science; the difference between correlation and causation; the meaning of what a “concept” is and why it is critical for marketers to develop good concept definitions (e.g., “What is customer satisfaction?”); why the 18th century Scottish philosopher David Hume is relevant to marketers today; and the impact that behavioral economics is having on how marketers do their job. Section II, Cognitive Biases and Their Importance, talks about recent discoveries in cognitive psychology and neuroscience that have relevance to marketers. You’ll learn that marketers need to be aware of their own cognitive biases and irrational thinking processes, which often lead to making bad decisions, and that the retail and business customers we market to are not as rational as we may think and hope they are. Finally, Section III, Conclusions, draws on both Volumes I and II to summarize the book’s primary messages with helpful hints on applying your new tools and making better marketing decisions.



Marketing Plan Templates for Enhancing Profits

Marketing Plan Templates for Enhancing Profits Author Elizabeth Rush Kruger
ISBN-10 9781631572753
Release 2015-11-10
Pages 211
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This workbook coaches business leaders to magnify the profits of a business. They learn a unique scientific system for predicting and achieving results. Their systematic decisions will spark the profits of any business. This system comprises all strategic decisions in the marketing plan for a business. The first part uses the SWOT Analysis to assess its strengths and weaknesses and identify possible opportunities and threats. The SWOT Analysis clarifies the mission, target market, specialty, and suppliers of the business. The questions at the end of these four chapters guide business leaders to focus on quality, describe key customers, compete on strength, and delegate weaknesses. The next part positions the business relative to its competitors with marketing mix decisions. Business leaders specify its products and services, and how to distribute, promote, and price them. These four chapters close with questions that lead the business to offer treasures, deliver delight, trumpet empathy, and price as valued. The final part motivates them to implement their decisions. The closÂing questions motivate business leaders to target key prospects, reward the best, concentrate resources, and jump into action. These twelve decisions transform a marketing plan and build the business. Her unique scientific system coaches business leaders to use the 80/20 rule to magnify their profits.



Customer Oriented Marketing Strategy

Customer Oriented Marketing Strategy Author Tevfik Dalgic
ISBN-10 9781606495216
Release 2013-03-15
Pages 174
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What is customer orientation? And how does it fit in your idea of a good marketing strategy? This book can help you understand more about the relationships, applications, and steps to take to drive continuous relationships with customers to aid in the process of defining and implementing niche strategies, international marketing efforts, and electronic commerce. Inside, the authors start with classic marketing concepts and then review important developments and research of the latest findings (both from the theoretical and applied points of view) to present specific examples, methodologies, policy measures, and strategies that can be implemented to increase and perfect customer satisfaction. Both manufacturing and service businesses are addressed, and the results will give you a combination of the major studies in this specific field of marketing and strategy to offer a comprehensive strategic tool for decision makers in organizations.



Basics of Branding

Basics of Branding Author Jay Gronlund
ISBN-10 9781606495933
Release 2013-08-23
Pages 206
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Smart branding is essential for success, yet it is often misunderstood. Developing a brand that is relevant, distinct, and emotionally compelling can be very dif_ cult for many managers, mainly because they don’t realize exactly what and how much goes into this branding process. This book will explain this process. In an easy-to-understand writing style, Gronlund will show you the fundamentals that will help develop a value proposition that will excite customers. Branding is all about creating a message or an impression that makes an impact and creates a rational and emotional connection with a customer. Forming a bond of trust and comfort will build brand equity (i.e., how people value your brand) and customer loyalty. We are living in a dynamic, transformative global economy with mind-boggling advances in technology. Managers today can easily become preoccupied with social media vehicles and the innovative features of electronic devices, and hence neglect the importance of the content or the message. Adhering to the core elements of positioning and branding will help them develop more emotionally rich and powerful content. And B2B managers will better understand and discover the real value of good branding, so that their marketing and sales communications will go beyond product features and emphasize relevant benefits that will strengthen their relationships with targeted customers.



Systems Thinking and Process Dynamics for Marketing Systems Technologies and Applications for Decision Management

Systems Thinking and Process Dynamics for Marketing Systems  Technologies and Applications for Decision Management Author Rajagopal, Dr.
ISBN-10 9781466609709
Release 2012-04-30
Pages 345
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Increased competition in the global marketplace has created enormous pressure on system implementation, particularly in the field of marketing. Systems Thinking and Process Dynamics for Marketing Systems: Technologies and Applications for Decision Management describes a holistic approach to monitoring, evaluating, and applying appropriate marketing strategies, and understanding the competition and its future implication on the business of a company. As complexities multiply, the scientific concept of systems thinking and analyzing process dynamics explained in this publication allows marketing firms succeed. The critical issues facing firms today are presented in a thoroughly modern context, laying the foundation for a bright future.



Top Market Strategy

Top Market Strategy Author Elizabeth Rush Kruger
ISBN-10 9781606493113
Release 2011-08-29
Pages 113
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Virtually every business seeks to increase its profit from customers, but few business executives realize that a universal principle governs their customer profitability. They may be applying the 80/20 rule to sales, quality control, investing, production, or other business functions without realizing that the 80:20 ratio actually summarizes the Pareto distribution of inputs to outputs. According to his equilibrium theory of relationships, stability is reached when inputs in the top 20% generate 80% of the outputs while inputs in the bottom 80% generate 20% of the outputs. Recently mathematicians confirmed that the Pareto distribution is as universal as the normal "bell-shaped" distribution, but is log linear and predicts results, rather than probabilities. Applying this universal principle to customer profitability, a typical business can predict that customers in the top 20% generate 80% of customer profitability (four times more profit than expected), whereas customers in the bottom 80% generate only 20% (one-fourth as much as expected). This means the 20% most profitable customers tend to be 16 times more profitable than the 80% least profitable customers. In order to capitalize on the Pareto principle, a business should 1. segment its customers by their profitability, 2. distinguish the top 20% of its customers in top market segment from the bottom 80% of the customers in the bottom market segment, and 3. target the top market segment with its marketing strategies. The purpose of this book is to show business students and executives how to implement this process and thereby achieve the predicted results.



Data Science for Business

Data Science for Business Author Foster Provost
ISBN-10 9781449374280
Release 2013-07-27
Pages 414
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Written by renowned data science experts Foster Provost and Tom Fawcett, Data Science for Business introduces the fundamental principles of data science, and walks you through the "data-analytic thinking" necessary for extracting useful knowledge and business value from the data you collect. This guide also helps you understand the many data-mining techniques in use today. Based on an MBA course Provost has taught at New York University over the past ten years, Data Science for Business provides examples of real-world business problems to illustrate these principles. You’ll not only learn how to improve communication between business stakeholders and data scientists, but also how participate intelligently in your company’s data science projects. You’ll also discover how to think data-analytically, and fully appreciate how data science methods can support business decision-making. Understand how data science fits in your organization—and how you can use it for competitive advantage Treat data as a business asset that requires careful investment if you’re to gain real value Approach business problems data-analytically, using the data-mining process to gather good data in the most appropriate way Learn general concepts for actually extracting knowledge from data Apply data science principles when interviewing data science job candidates



Systems Thinking and Process Dynamics for Marketing Systems Technologies and Applications for Decision Management

Systems Thinking and Process Dynamics for Marketing Systems  Technologies and Applications for Decision Management Author Rajagopal, Dr.
ISBN-10 9781466609709
Release 2012-04-30
Pages 345
Download Link Click Here

Increased competition in the global marketplace has created enormous pressure on system implementation, particularly in the field of marketing. Systems Thinking and Process Dynamics for Marketing Systems: Technologies and Applications for Decision Management describes a holistic approach to monitoring, evaluating, and applying appropriate marketing strategies, and understanding the competition and its future implication on the business of a company. As complexities multiply, the scientific concept of systems thinking and analyzing process dynamics explained in this publication allows marketing firms succeed. The critical issues facing firms today are presented in a thoroughly modern context, laying the foundation for a bright future.



Marketing Strategy Text and Cases

Marketing Strategy  Text and Cases Author O. C. Ferrell
ISBN-10 9781285073040
Release 2012-12-20
Pages 624
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Thoroughly revised and updated, MARKETING STRATEGY, 6e continues with one primary goal: to teach students to think and act like marketers. Packed with cutting-edge coverage, current examples, new cases, and photographs, the sixth edition delivers a practical, straightforward approach to analyzing, planning, and implementing marketing strategies--helping students learn to develop a customer-oriented market strategy and market plan. Students sharpen their analytical and creative critical thinking skills as they learn the key concepts and tools of marketing strategy. Continuing in the text’s signature student-friendly style, the sixth edition covers essential points without getting bogged down in industry jargon--all in a succinct 10 chapters. Available with InfoTrac Student Collections http://gocengage.com/infotrac. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.



Marketing Strategy

Marketing Strategy Author O. C. Ferrell
ISBN-10 9780538467384
Release 2010-04-01
Pages 768
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The powerful new MARKETING STRATEGY features its most aggressive case revision program to date. The fifth edition includes six all-new cases written specifically for the text and five new outside cases from Harvard Business School and the Ivey School of Business, while other cases have been updated and, in most cases, rewritten with a new focus. And for the first time, the book includes vibrant photographs and captions--making it an even more exciting read in 12 succinct chapters. MARKETING STRATEGY emphasizes teaching students to think and act like marketers. It presents strategy from a perspective that guides strategic marketing management in the social, economic, and technological arenas in which businesses function today--helping students develop a customer-oriented market strategy and market plan. Its practical approach to analyzing, planning, and implementing marketing strategies is based on the creative process involved in applying marketing concepts to the development and implementation of marketing strategy. An emphasis on critical thinking enables students to understand the essence of how marketing decisions fit together to create a coherent strategy. Well-grounded in developing and executing a marketing plan, the text offers a complete planning framework, thorough marketing plan worksheets, and a comprehensive marketing plan example for students to follow. Important Notice: Media content referenced within the product description or the product text may not be available in the ebook version.



Decision Equity

Decision Equity Author Piyush Kumar
ISBN-10 1606491946
Release 2011-03-26
Pages 198
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In this book, we introduce Decision Equity as a breakthrough, overarching metric that can help free marketing managers from their existing mental models, and provide avenues to efficiently convert the vast amounts of data at their disposal into powerful information to make informed long-term and short-term decisions about products, customers, markets, and overall business health. There are four key objectives that we wish to achieve through this book. First, we wish to introduce the underpinnings of a new flow-based measurement and management process that can promote truly unshackled thinking both within the marketing function as well as at its interface with other functional areas. Second, we want to demonstrate how firms can win by learning to conceptualize and discover the linkages between marketing and related non-marketing actions and their ultimate marketplace and financial consequences. Third, we aim to provide guidance for how marketing managers and CMOs can significantly improve the outcomes of their decisions by following a verification-based linkage discovery process to connect marketing actions to profits. And fourth, we wish to provide evidence for the efficacy of verification-based thinking centered on the principles of Decision Equity from successful marketing interventions and implementations in well-known organizations.



Proceedings of the 1994 Academy of Marketing Science AMS Annual Conference

Proceedings of the 1994 Academy of Marketing Science  AMS  Annual Conference Author Elizabeth J. Wilson
ISBN-10 9783319131627
Release 2015-01-21
Pages 455
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This volume includes the full proceedings from the 1994 Academy of Marketing Science (AMS) Annual Conference held in Nashville, Tennessee. The research and presentations offered in this volume cover many aspects of marketing science including marketing strategy, consumer behavior, international marketing, marketing education, among others. Founded in 1971, the Academy of Marketing Science is an international organization dedicated to promoting timely explorations of phenomena related to the science of marketing in theory, research, and practice. Among its services to members and the community at large, the Academy offers conferences, congresses and symposia that attract delegates from around the world. Presentations from these events are published in this Proceedings series, which offers a comprehensive archive of volumes reflecting the evolution of the field. Volumes deliver cutting-edge research and insights, complimenting the Academy’s flagship journals, Journal of the Academy of Marketing Science (JAMS) and AMS Review. Volumes are edited by leading scholars and practitioners across a wide range of subject areas in marketing science.



Reason Oriented Marketing A Generic Marketing Approach for Reasonable Products and Services

Reason Oriented Marketing  A Generic Marketing Approach for Reasonable Products and Services Author Martin Masuch
ISBN-10 9783842882973
Release 2012-07
Pages 80
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The modern economic world is characterized by a vast number of different customer requirements, products, and variations of products, as well as ideas, meanings, opinions, and arguments. Marketing activities are nowadays embedded in a complex world characterized by a multitude of interdependencies and interrelations between different stakeholders and interest groups. Hitherto, economic systems, and above all marketing strategies, strive to separate concerns in order to control the whole. The development of autonomous and stand-alone marketing concepts in the past reflects this paradigm. To cope with the global and networked conditions of the presence, suitable strategies have to be designed which are able to manage the requirements of transitional relationships. The combination of transverse reason and the open society as well as the conceptual transfer to the field of marketing leads to the concept of reason-oriented marketing. The generic character of reason-oriented marketing is enabled by methodical patterns which presents solutions to selected aspects of the marketing process. These patterns constitute generic blueprints for sample solutions that can be systematically arranged to design a strategic implementation of reasonable thinking within the marketing process. The patterns consider particularly the relationships and interactions between the interest groups of the macro environment, by integrating: -the perception and recognition of needs, interests, and requirements of the macro environment. -the association and combination of different rational aspects to form a holistic viewpoint on the totality of arguments and opinions. -the foresight in terms of future impacts and consequences of marketing decisions and instruments. -the principles of criticism and discourse to enable a dialog between the involved stakeholders and interest groups. -the ability to change perspectives systematically within the entirety of rational aspects. -the management of transitions between the core marketing processes and the interest groups of the macro environment. -the justice of decisions and procedures within the marketing process to ensure fairness and appreciation concerning different interests and arguments. -the cooperation and participation between the participants of the marketing process and the interest groups of the surrounding macro environment. The reason-oriented marketing approach enables the involved parties in the field of marketing to contribute their needs and interests to the marketing process and to develop reasonable concepts of products that consider the requirements of the stakeholders as well as the constraints and conditions of the macro environment. In fact, reason-oriented marketing is not designed to replace traditional marketing strategies and concepts, but rather to integrate them into a universal approach to marketing. The concept of reason-oriented marketing widens the perspective of marketing into greater awareness and responsibility for our future.



Proceedings of the 2nd International Conference Quantitative and Qualitative Methodologies in the Economic and Administrative Sciences

Proceedings of the 2nd International Conference  Quantitative and Qualitative Methodologies in the Economic and Administrative Sciences Author Christos Frangos
ISBN-10 9789609873901
Release 2009
Pages 579
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Proceedings of the 2nd International Conference Quantitative and Qualitative Methodologies in the Economic and Administrative Sciences has been writing in one form or another for most of life. You can find so many inspiration from Proceedings of the 2nd International Conference Quantitative and Qualitative Methodologies in the Economic and Administrative Sciences also informative, and entertaining. Click DOWNLOAD or Read Online button to get full Proceedings of the 2nd International Conference Quantitative and Qualitative Methodologies in the Economic and Administrative Sciences book for free.



Practical Strategic Management

Practical Strategic Management Author Eiichi “Eric” Kasahara
ISBN-10 9789814641579
Release 2015-08-28
Pages 152
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Many theoretical as well as practical books on management theory analyze a range of subjects from strategic management to business strategy, competitive strategy, marketing management, strategic marketing, one-to-one marketing, consumer behaviorism, growth strategy, functional strategy, and technology management. In addition, there are also many how-to books on strategy formulation. But not many books on the topic are written with a step-by-step guide on making practical strategic management decisions. The author presents 15 steps that combine strategy and marketing aspects in business. The steps are presented systematically and holistically. Readers will be able to maintain the “big picture” perspective, while being able to dive deep into each step. The guide is not written for “ideal situations” in business. Much attention is given to being aware of market trends, business competition, and the limitations of resources, to be able to apply practical strategic thinking in business. Contents:The Essence of Strategic Management: Elements of Strategic ManagementCauses of Disconnect between StrategyStrategic Management is a ScenarioFlow and Elements of StrategicContingency Approach in Strategic Management15 Steps of Strategic Management for Creating Attractive Strategic Options:Corporate StrategyBusiness StrategyPerformance ResultsSummary of the Key PointsCase Study:Overview of the CaseInnovation of EMSJapanese Monozukuri (Shop-floor Production) Culture and Digitalization Competitive Strategy: Benefits to Offer and Forms to Deliver BenefitsPractical ExercisesCreating Presentation Material:Combine the Strategic Elements EffectiveCreate a Scenario and List Up Hypotheses Included in ItRevise the Scenario Using the Pyramid Structure — Express with Three Blocks: Why, What, and HowNarrow Down the Key Points and Create a SummaryPoints in Presentation: Simple, Logical and Passionate Readership: Management level personnel of companies, business owners and strategists looking for a detailed and holistic step-by-step guide to further improve their decision making in business. Keywords:Strategic Management;Strategic Thinking;Business Strategy;Asset Allocation;Competitive Strategy;Value Chain;Marketing Management;Market Management;Strategic Planning;Innovative Solutions;Scope of Business;Competitive Advantages;Business Model



Changing marketing strategies in a new economy

Changing marketing strategies in a new economy Author Jules Backman
ISBN-10 UOM:49015001090852
Release 1977
Pages 144
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Changing marketing strategies in a new economy has been writing in one form or another for most of life. You can find so many inspiration from Changing marketing strategies in a new economy also informative, and entertaining. Click DOWNLOAD or Read Online button to get full Changing marketing strategies in a new economy book for free.