Chapter 12 Flashcards

1
Q

Example: Purolator

A

Marketing can be the engine of corporate transformation

  • purolator wanted to change the supply chain for small and medium businesses who face higher distribution costs
  • marketing thinking transformed the business
  • instead of just moving boxes, they provided innovative supply chain solutions
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2
Q

Marketing Productivity

A
  • demonstrated by regularly reviewing;
    1. Customer Satisfaction
    2. Segment/Markets Served
    3. Customers Served
    4. Product Mix Review
  • when productivity is demonstrated it naturally follows that the business becomes more successful
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3
Q

Metrics to Measure ROI

A
  • top of the funnel = brand awareness metrics (%)
  • middle of funnel = metrics for brand perception (brand equity)
  • end of funnel = customer satisfaction metrics (retention, defection)
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4
Q

What you need to succeed in the Marketing organization

A
  • skills in statistics and analytics
  • developing creative and technical
  • acquiring experience in non-marketing roles
  • develop decision making skills
  • learning to work with other functions
  • acquiring interpersonal skills
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5
Q

Example: Bata

A

power of marketing in being a force for corporate sustainability efforts

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6
Q

Customer Purchasing Funnel

A
Problem Recognition
Information Search
Purchase Consideration
Purchase Intent 
Purchase Decision 
Repeat Purchase Decision
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7
Q

Arbol Marketing as a Transformation Tool

A
  • manages customers for profits, not just sales

- want to attract and retain customers who are loyal, profitable and find more value

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8
Q

What is an aggressive customer?

A

Has high cost to serve, but don’t want to pay much

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