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At the marketing mix level, marketers can improve their execution by making small changes in any or all of the 4-Ps (Product, Price, Place and Promotion) (Marketing) without
making changes to the strategic position or the creative execution marketers can improve their effectiveness and deliver increased revenue. -
• Marketing Creative: Even without a change in strategy, better creatives can improve results.
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[citation needed] • Marketing Execution: By improving how marketers go to market, they can achieve significantly greater results without changing their strategy or their creative
execution. -
[citation needed] Additional examples would be improving direct mail through a better call-to-action or editing web site content to improve its organic search results, marketers
can improve their marketing effectiveness for each type of program. -
A growing area of interest within (Marketing Strategy) and Execution are the more recent interaction dynamics of traditional marketing (e.g.
-
(See references below, Brand Ecosystems) Not only direct product experience, but also any stimulus provided by traditional marketing, can become a catalyst for a consumer
brand “groundswell” online as outlined in the book Groundswell. -
• Marketing Infrastructure (also known as Marketing Management): Improving the business of marketing can lead to significant gains for the company.
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The overall accountability for brand leadership and business results is often reflected in an organization under a title within a (Brand management) department.
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Marketing effectiveness is the measure of how effective a given marketer’s go to market strategy is toward meeting the goal of maximizing their spending to achieve positive
results in both the short- and long-term. -
[6] Factors driving marketing effectiveness • Corporate: Each company operates within different bounds.
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Understanding the impact these factors have on consumers can help in designing programs that take advantage or mitigate the risk of these factors and the impact they may have
on a marketing campaigns. -
[citation needed] Brand information can be received through many sources, such as, advertising, word-of-mouth and in the (distribution) channel often characterized with the
purchase funnel, a McKinsey & Company concept.
Works Cited
[‘o Shaw, R. Improving Marketing Effectiveness — the methods and tools that work best, Economist Books, 1998 ISBN 1-86197-054-4
o ^ Jack Neff New Book Reports 37% of All Advertising Is Wasted, Ad Age, Aug 2006
o ^ Ad Age, Book of Tens, Dec 18, 2006
o ^
Course Syllabus
o ^ Course Syllabus
o ^ Kotler, Philip; Keller, Kevin Lane (2012). Marketing Management. Prentice Hall. ISBN 978-0-13-210292-6.
Photo credit: https://www.flickr.com/photos/ell-r-brown/13857267684/’]