Course ID: | MARK 7980. 3 hours. |
Course Title: | Marketing Analytics and Decision-Making |
Course Description: | An analytical case-based course that emphasizes how to
synthesize, analyze, and interpret data to support and guide
marketing decisions in areas including promotion, advertising
spending and copy, new product development, pricing, and
loyalty programs. |
Oasis Title: | MKTG ANALYTICS |
Duplicate Credit: | Not open to students with credit in MARK 8600 |
Prerequisite: | MARK 7510 or permission of department |
Semester Course Offered: | Offered spring semester every year. |
Grading System: | A-F (Traditional) |
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Course Objectives: | Whether a firm is consumer, business or service-oriented,
acquiring and using information is critical for business
planning and decision. This course will focus on how to analyze
and interpret data to support and guide marketing decisions–
both at the strategic level as well as for tactical plans. The
class sessions will focus on case analysis and discussion that
emphasize three key themes; 1) Marketing Analysis – the
analysis and interpretation of marketing data, 2) Marketing
Metrics – common metrics and measures used by marketers, and 3)
Marketing Finance – the impact of marketing decisions and plans
of fundamental financial measures such as return on marketing
investment and net contribution to profit. The principal
objectives of the course are:
• To increase analytical skills through hands-on analysis of
marketing data with commonly used marketing analytics
techniques;
• To link the analyses to key marketing decisions and profit
impact;
• To build ‘numerical fluency’ and facility with common
marketing metrics;
• To improve students’ ability to think logically, analytically
and critically. |
Topical Outline: | The rise of metrics and analytics in marketing
Basic analytics for marketers
Marketing data
Marketing metrics
Customer analytics
Applications:
- New Product Decisions
- Advertising Decisions
- Pricing Decisions
- Sales Promotion Decisions
- Marketing Channel Management
- Segmentation |