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Lecture Marketing management: Chapter 4 - Phillip Kotler, Kevin Lane Keller

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In this chapter, we consider how firms can develop processes to identify and track important macroenvironment trends. We also outline how marketers can develop good sales forecasts. Chapter 4 will review how they conduct more customized research on specific marketing problems.

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Kotler • Keller Phillip Kevin Lane

Marketing Management • 14e

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Conducting Marketing Research

Ch ap

te r 4

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Copyright © 2012 Pearson Education, Inc Publishing as Prentice Hall Slide 3 of 22

3 How can marketers access their

return on investment of marketing expenditures?

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Marketing Research System

Insight Market Research

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De fin

ed

The systematic design, collection, analysis, and reporting of data and findings relevant to a specific

marketing situation facing the

company.

Marketing Research

De fin

ed

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Creative Research Means

Rival s

Marketing partners

Student projects Internet sources Check out rivals

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Copyright © 2012 Pearson Education, Inc Publishing as Prentice Hall Slide 7 of 22

Fi gu

re 4

.1

Marketing Research Process

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Step 1: Define the Problem

Focused inquiry

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Copyright © 2012 Pearson Education, Inc Publishing as Prentice Hall Slide 9 of 22

Step 2: Develop the Research

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Step 3: Collect the Information

Online surveys

Telephone surveys

Interviews

In-home surveys

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Copyright © 2012 Pearson Education, Inc Publishing as Prentice Hall Slide 11 of 22

Step 4: Analyze the Information

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Step 5: Present the Findings

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Copyright © 2012 Pearson Education, Inc Publishing as Prentice Hall Slide 13 of 22

Step 6: Make the Decision

Researc

h

Decision s

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Characteristics of Good Marketing

Research

1 Scientific method

2 Research creativity

3 Multiple methods

4 Interdependence of models and data

5 Value and cost of information

6 Healthy skepticism

7 Ethical marketing

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Copyright © 2012 Pearson Education, Inc Publishing as Prentice Hall Slide 15 of 22

Former marketing research executive for General Foods concluded that Star Wars would fail at the box office The film grossed $4.3 billion in box office receipts.

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Measuring Marketing

Productivity

Marketing-mix modeling

Marketing metrics

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Copyright © 2012 Pearson Education, Inc Publishing as Prentice Hall Slide 17 of 22

Marketing Metrics

Marketing Performance

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• Perceived quality/esteem

• Loyalty/retention

• Relative perceived quality

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Copyright © 2012 Pearson Education, Inc Publishing as Prentice Hall Slide 19 of 22

Marketing-Mix Modeling

Awareness

Expenditure

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Marketing Dashboards

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Copyright © 2012 Pearson Education, Inc Publishing as Prentice Hall Slide 21 of 22

Fi gu

re 4

.2

Marketing Measurement Pathway

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Fi gu

re 4

.3 Marketing Dashboard Example

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