- Shopping Bag ( 0 items )
Want a NOOK? Explore Now
"Well organized and succinct, Measuring Marketing is both a comprehensive, prescriptive look at the variety of ways to evaluate the impact of marketing, as well as an excellent reference guide. A practical analytical tool in today's complex, multidimensional business world to help decision makers understand marketing's impact on a business or product line, Measuring Marketing is applicable from start-up to established player. Particularly helpful are the examples of measurement for each metric and the discussion of how each impacts decision making."
—Brent N. Smith, Managing Partner LevelOne Capital Limited
"John has successfully demonstrated marketing has very finite and tangible attributes that are quantifiable and will benefit any organization focused on both value and volume. If we are honest, most global organizations fall short in quantifying the value of marketing. Measuring Marketing clearly defines what is important to measure and why. Both will favorably influence a company's decisions in investing in marketing that will eventually flow to its investors with the realization that the use of capital is being maximized. John has masterfully proven marketing has many more quantifiable components than most recognize. It is a magnificent tool for any organization's marketing department to apply concurrently in discussions with their Finance departments."
—Kevin Goulding, President and CEO, AIG China
"Every CEO has the responsibility of ensuring their company's brand is positively promoted and protected, and effective marketing plays a big part. However, the CEO is frequently asking 'is the money we are spending making a difference?' The question of 'should the company invest more, or less, on marketing' is impossible to answer unless there are specific and tangible marketing metrics that can be measured. Knowing what and how to measure marketing in a data-driven way has been difficult, but John Davis has built on his many years of marketing experience, in both the business and academic worlds, to craft a proven methodology. Now, in this updated edition, John takes his research further to offer new insights and answers to 'how can we be sure our marketing investment is driving the results we want?'"
—Steven Leonard, President, EMC Asia Pacific/ Japan, EMC Corporation
"Measuring Marketing is a comprehensive outline of marketing concepts—from basic fundamentals to advanced, state-of-the-art topics—written in a clear, thought-provoking manner. The examples provided and impacts on decision-making sections draw valuable insights into how the concepts can be leveraged to drive share owner value. It's a must-read reference book for both the marketing professional and the P&L owner."
—William Brown, President and CEO, Harris Corporation
"I have been in marketing for 20+ years and have had to come by this information piecemeal. Measuring Marketing is bound to become as indispensable to marketers as the AP Stylebook is to writers. It is a superb catalogue of KPIs for any business, large or small. John's easy-to-approach explanations of each measurement and its impact on decision-making are ideal for both financially and non-financially oriented managers. Measuring Marketing should be handed out alongside diplomas for all marketing graduates."
—David Maddocks, founder, The David Maddocks Company; former Chief Marketing Officer, Converse
"John Davis's innovative approach to measuring marketing effectiveness is redefining the traditional business process of managing, measuring, and allocating marketing investment. The complexity of the new marketing channels created in the last decade and increased need to differentiate your brand have exposed the need for more product and brand performance metrics. Comparing John's insights to traditional marketing practices is like comparing the MRI to the X-ray."
—Thomas McCabe, Managing Director and Global Business Head, DBS Bank
"John Davis's book Measuring Marketing offers a very systematic and quantitative platform in designing and assessing key marketing initiatives. Use of simple KPIs will allow marketers to make mid-course corrections if needed and achieve desired results. I would highly recommend this book to all marketers."
—Ravi Agarwal, Practice Faculty on Leadership in Asia, MBA/EMBA programs, Nanyang Business School
Introduction.
SECTION I: MARKETING PLANNING AND CUSTOMERS.
1. Revenue.
2. Gross Profits.
3. Value to Volume Ratio.
4. Net Profits.
5. Earnings-Based Value.
6. Return on Sales.
7. Return on Assets.
8. Return on Equity.
9. Marketing Cost Per Unit.
10. Program/Non-Program Ratio.
11. Program/Payroll Ratio.
12. Net Sales Contribution.
13. Time-Driven Activity Based Costing.
14. Causal Forecast.
15. Time Series Analysis.
16. Market Growth.
17. Market Share.
18. Market Demand.
19. Market Penetration.
20. Segment Profitability.
21. Customer Profitability.
22. Share of Customer.
23. Customer Acquisition Cost.
24. Cost Per Lead.
25. Break-Even Analysis.
26. Customer Equity and Lifetime Value Analysis.
27. Consumer Franchise.
28. Retention Rate.
29. Churn Rate.
30. New Customer Gains.
31. Customer losses.
32. Return on Customer.
SECTION II: THE OFFERING.
33. New Product Purchase Rate.
34. Profit Impact.
35. Price.
36. Mark-up Pricing.
37. Target-Return Pricing.
38. Share of Voice.
39. Advertising to Sales Ratio.
40. Reach.
41. Frequency.
42. Gross Ratings Points.
43. Cost Per Gross Ratings Point.
44. Sales Premiums.
45. Promotion Profit.
46. Response Rate.
47. Conversion Rate.
48. Direct Mail Revenue Goals.
49. Direct Mail Profit Goals.
50. Direct Mail Gross Profit.
51. Direct Mail Net Profit.
52. Direct Mail ROI.
53. Click-Through Rates.
54. Gross Page Impressions (or Gross Page Requests).
55. Cost Per Click.
56. Cost Per Action.
57. Cost Per Sales Dollar.
58. Hits.
59. Pay Per Lead.
60. Brand Equity.
61. Brand Premium.
62. Recall.
63. Recognition.
64. Usage.
65. Transactions Per Customer.
66. Returns to Net Sales.
67. Transactions Per Hour.
68. Hourly Customer Traffic.
69. Inventory Turnover.
70. Percent Inventory Carrying Costs.
71. Gross Margin Return on Inventory Investment.
72. Sales Per Square Foot.
73. Sales/Profits Per Employee.
74. Average Transactions Size.
75. Average Items Per Transaction.
76. Retail Close Ratio.
77. Retailer’s Margin Percentage.
78. Markdown Goods Percentage.
79. Percent Utilization of Discounts.
80. Shrinkage to Net Sales.
SECTION III: SALES FORCE.
81. Independent Sales Agent Analysis.
82. Percent of Sales.
83. Turnover Rate.
84. Recruiting.
85. Breakdown Approach.
86. Workload Approach.
87. Incremental Approach.
88. Sales Performance Quotas.
89. Average Sales Per Call.
90. Close Process and Close Ratio.
91. Cost Per Call.
92. Sales Productivity.
93. Four Factor Model.
94. Sales Variance Analysis.
95. Sales Price Variance.
96. Sales Volume Variance.
97. Straight Commission.
98. Profit-Based Commissions.
99. Straight Salary.
100. Salary Plus Commission or Bonus.
101. Salary Plus Commission and Bonus.
102. Commission Plus Bonus.
103. Team Selling Compensation.
Index.
Anonymous
Posted January 25, 2007
John Davis provides an overview of commonly used business metrics that he subdivides in three categories: 1) Marketing Planning and Customers, 2) The Offering, and 3) Sales Force. Davis usually explains clearly each metric that he covers by sequentially examining the measurement need, solution, and impact on decision making. Most of the time, Davis gives a clear example that helps readers put the theory into practice. Some metrics in the third section such as Four Factor Model and Sales Variance Analysis will be somewhat challenging to readers who are not very comfortable with numbers. To his credit, Davis is straightforward about the difficulties that readers can experience in collecting some of the information needed to use some of the metrics under review. Davis also cautions his audience against the danger of blindly using industry averages because each company has its own DNA. Davis is at his weakest when he presents an overview of key Internet metrics such as gross page impressions, cost per click, and cost per action. The coverage of these metrics is too superficial to be of any use to any reader who is looking for more than the basics. To summarize, ¿Measuring Marketing 103 Key Metrics Every Marketer Needs¿ is a good reference book for a quick education about some of the most commonly used business metrics.
Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.
Overview
"Well organized and succinct, Measuring Marketing is both a comprehensive, prescriptive look at the variety of ways to evaluate the impact of marketing, as well as an excellent reference guide. A practical analytical tool in today's complex, multidimensional business world to help decision makers understand marketing's impact on a business or product line, Measuring Marketing is applicable from start-up to established player. Particularly helpful are the examples of measurement for each metric and the discussion ...