KOREASCHOLAR

HOW DO MANAGERS USE MARKETING AND FINANCIAL METRICS IN THE CONTEXT OF MARKETING MIX DECISION MAKING?

Markus Lamest, Mairead Brady
  • LanguageENG
  • URLhttp://db.koreascholar.com/Article/Detail/271870
Global Marketing Conference
2014 Global Marketing Conference at Singapore (2014.07)
pp.1550-1561
글로벌지식마케팅경영학회 (Global Alliance of Marketing & Management Associations)
Abstract

The amount of data in companies today in terms of volume, velocity and variety is unique in the history of business. Despite on-going calls for more accountability of the marketing function, there is a lack of studies that examine the role of metrics in order to interpret this data. This study focuses on how marketing metrics and financial metrics are used within organizations to both quantify and to explore data relevant for marketing mix decision-making. An analysis of primary data from six case studies and 29 marketing mix decisions promises to provide a rich understanding of the activities and metrics that are used to trigger and inform managerial decision-making. The aim is to contribute to the body of knowledge on metrics use with the aim of improving managerial decision-making, marketing mix performance and the standing of the marketing function in the firm.

Author
  • Markus Lamest(Trinity College Dublin)
  • Mairead Brady(Trinity College Dublin)