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Marketing ROI
Book

Marketing ROI

The Path to Campaign, Customer, and Corporate Profitability

McGraw-Hill, 2003 подробнее...


Editorial Rating

7

Qualities

  • Innovative
  • Applicable

Recommendation

In the past, marketing professors often taught that companies could not hold their marketing managers responsible for the success or failure of promotional programs. Numerous external variables that these managers could not control – including delivery problems, poor retail displays, sales slumps, competitors’ moves, buyer psychology, and so on – could undermine their outcomes. Marketing managers were off the hook when it came to results, particularly return on investment (ROI). Times have changed. Today, every corporate dollar matters and companies demand accountability from their marketing professionals. If a promotional program doesn’t work, its manager will quickly be out of a job. Strategic marketing consultant James D. Lenskold provides his tactics for calibrating marketing ROI, plus a basic “marketing ROI formula” you can use (with variations and, perhaps, some hands-on expert help) to quantify the returns you derive from your marketing efforts. Though his mathematical formulations can be daunting, his accessible work explains a logical methodology for measuring marketing programs’ results. Thus, getAbstract recommends this practical book to CEOs, CFOs and all marketing executives.

Take-Aways

  • Marketing is an investment that should make a profit. To express the percent of earnings on your promotional campaign, find your marketing “return on investment” (ROI).
  • ROI is the most concrete financial basis for planning a marketing campaign.
  • The benefits of knowing your marketing ROI include well-informed decisions, better earnings, higher marketing budgets and an improved competitive posture.

About the Author

James D. Lenskold heads a strategic marketing firm. Previously, he worked at AT&T, where he helped develop innovative marketing.


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