As in all areas of business, quantitative analysis is essential. CEOs and CFOs demand methods that can reliably assess their organization’s marketing activities, and marketers also need tools that help them justify and measure the marketing investments being recommended, implemented and reviewed.
The reason is simple: marketing activities have the potential to return significant value to your company over both the short and long-term.
John Davis is a respected marketing expert, entrepreneur and educator. In this book, he describes:
Magic Numbers for Consumer Marketing is the ideal resource for marketers and company leaders who wish to better understand their marketing efforts. If you are interested in gaining a truly competitive edge, then this is the book you need to succeed.
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Most Helpful Customer Reviews
5.0 out of 5 stars
Great for Folks interested in Marketing Metrics,
This review is from: Magic Numbers for Consumer Marketing: Key Measures to Evaluate Marketing Success (Hardcover)
If what gets measured, gets managed, this book serves a very useful purpose. Managers, students interested in marketing and potential converts to marketing could do well to read this book. It provides a list of metrics that are very relevant for any number of marketing specific actions. In the process, it helps marketers to be more accountable and transperant and moves the field from the realm of "faith" to one of facts. It covers the whole spectrum from really basic measures to more challenging ones such as lifetime customer value and from product oriented measures to service (retail) to database metrics. Practical guidelines of the relvance of the measure to a context, plus "how-to" guidance are provided. Another key strength of the book is that pitfalls of the measures are discussed as well. This is especially critical, because measurement could lead to unintended consequences. Moreover, companies sometimes face the "the tail wagging the dog" situation with measures managing executives.
2 of 5 people found the following review helpful:
3.0 out of 5 stars
sloppy editing works,
By
This review is from: Magic Numbers for Consumer Marketing: Key Measures to Evaluate Marketing Success (Hardcover)
the knowledge and information shared in this book is useful but are too basic ones. plus, i have found two editing mistakes within my first 20 pages reading. on page 243, the abbreviation of "cost per gross rating point" should be read as CPGRP, rather than CGPRP. and on page 271, the second calculation of DM should be DM=$40,000/($30*0.05*0.75)=35,555 pieces, rather than just repeat the same one as above. quite disappointed with the editing quality.
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