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
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
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)
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
5
Q
Example: Bata
A
power of marketing in being a force for corporate sustainability efforts
6
Q
Customer Purchasing Funnel
A
Problem Recognition Information Search Purchase Consideration Purchase Intent Purchase Decision Repeat Purchase Decision
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
8
Q
What is an aggressive customer?
A
Has high cost to serve, but don’t want to pay much