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December 10,2008

Today we discuss about Usability and Metrics. Evaluation of the Web.

Questions:

  1. Describe the similarities and differences between server log, coded page and panel data. Which do you think is most useful?

Server logs are the IP addresses of the requesting computer, data and time of request, code indicating whether the request was successful or not, number of bytes of data transferred, referring site type, type and version of web browser making request, and OS of computer making the request.

Coded Page are used to track website visitors. AKA: Pixel Tag, Transparent GIF, Web Bug, Web Beacon, and others. Its a 1×1 pixel image usually invisible, used in combination w/cookies, sends data about visitors activities usually to a marketing service firm, and necessary to trace paths through sites.

Panel Data: Software on panel member’s computer that collects clickstream data, the source of data is known, it can measure both home and work usage of the same person, can collect lifestyle & demographic data, and produces longitudinal data. The use of panel data allows the accumulation of a great deal of background demographic, lifestyle, and activity data from panel members. Ex: Nielsen

There all useful for measuring and collecting depending on the task. Panel data is most useful because it can collect what the others can and collect demographic & lifestyle data that can help target the audience.

  1. What are some of the specific metrics that measure Internet traffic, audiences and campaigns. Which ones do you think are most important?

Internet traffic: Hits, impressions, clickthroughs, sessions,  and page views.

Audience: Visitors, unique visitors, identified visitors, Unduplicated audience.

Campaigns: Email programs, products/offers, search effectiveness.

MOST IMPORTANT – Page views, impressions, unique visitors, identified visitors, search effectiveness.

  1. What kinds of variables are needed to measure the effectiveness of branding efforts on the Internet? Where are these measures obtained?

The variables needed to measure the effectiveness of branding efforts on the internet are Internet Traffic, Audience, and Campaigns. This measures are obtained by using Server logs, coded pages. and Panel Data depending on the objective of the brand, these can be done by hiring a marketing service firm to acquire these reports and analytics.

Posted in Internet Marketing.

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December 8,2008

Discussed Cell Phones. Japan is technologically advanced compared to the rest of the world. According to NTT Docomo, there technology can allow cell phones to be used for many purposes such as Automatic CC payment, or train fares…

Product factor that affect diffusion of Innovation:

  • Relative advantage
  • Compatibility
  • Complexity
  • Divisibility
  • Commincability

Consumer Adoption Process: Awareness > Interest > Evaluation > Trial > Adaption > Internalization

Ch.14

  1. Explain the nature of the consumer adoption process. How is it different from the concept of diffusion of innovations?

The consumer adoption process is generally accepted conceptualization of the stages a consumer goes through when confronted with a new product or service. Consumer Adoption Process: Awareness > Interest >(prepurchase) Evaluation > Trial > Adoption >(lifestyle) Internalization.  The Diffusion Process is communication model and consist of four elements: the innovation, communication channels, time, and the social system within which the innovation is spreading. The concept shows a process that is normally distributed around population mean.

  1. Define “pervasive computing” in your own words. What changes is it likely to bring about in the way marketers approach the Internet?

Pervasive computing aims to enable people to accomplish an increasing number of personal and professional transactions using a new class of intelligent and portable devices. It gives people convenient access to relevant information stored on powerful networks, allowing them to easily take action anywhere, anytime. This powerful concept implies that a single person has access to myriad computing devices to assist in performing all sorts of daily tasks. 

Marketers must seize the opportunities presented by the changing technological environment and develop new products and services that successfully take advantage of it. There are already a number of examples of successful applications of one or more aspects of the technology such as RFID transponders, or accessing flight schedule on mobile devices. With increase of smart phones in the market, these applications will be very useful for people and giving them convenience at many levels, such as remotely checking-in for flights.

  1. Be prepared to describe the strategic drivers of wireless adoption and to give an example of each.

The Strategic drivers of Wireless Technology are:

    • Context.This means providing necessary information when and where the customer needs or wants it. The content trigger is in the hands of the customer, not of the marketer. Context in the wireless environment has two dimensions:
    • Localization.Through various geographic systems, the location of the user can be identified and information specific to that location can be provided. A consumer driving down the highway can be beamed information about attractions in the area.
    • Personalization. The customer can select not only the type of information desired but also the frequency of information provision. For example, the consumer may select specific stocks and specific price levels at which he or she wishes to be notified.
    • Time sensitive.Screens are small and storage is limited, so information must be provided at the time appropriate to the customer, not convenient for the marketer. As a customer passes a store in a shopping mall, he or she may be willing to receive a coupon for a purchase in that store, which can be saved or retained on the screen until the customer shows it when checking out the purchase.
    • High value. The coupon will have to have a reasonable value in order to make it welcome in the wireless context.
    • Voice activation. There are many situations, driving in particular, in which it is not safe—and in many locales, not legal—to use the keyboard of a mobile device. Voice activation is the solution in these situations.
    • One-click payment mechanisms. Consumers are not going to be willing to enter credit card information on mobile keyboards and may be uncomfortable with the idea of their credit card data being transmitted wirelessly. They are not likely to be willing, either, to have numerous vendor-specific accounts, especially for micropayments. A system in which payment is easily and securely authorized and billed to a single account will be necessary to enable frequent use of m-commerce services.
    • Security. Users must be assured that data transmissions are secure, and authentication services must be provided in a way that is suitable for the devices. Embedded devices that identify the owner are one possibility. Smart cards that can be inserted and removed to protect encoded information are another.
    • Privacy. In addition to protecting personal data, providers of content and services will have to be sensitive to download times, lack of storage, and the fact that users are paying for airtime. They must not abuse technological capabilities like geographic locational services.
    • Expanded permission marketing. Marketers will have to extend the concept of Permission Marketing beyond simple opt-in scenarios. They must find out what kind of information consumers are willing to receive, how often they are willing to receive transmissions, and where they are willing to receive it. This means an accurate customer database that is updated in real time.

Posted in Internet Marketing.


December 3,2008

We finished Customer service and began Marketing Automation.  Companies wants to provide the best possible customer service but as cheaply as possible.

Customer Service Themes

  1. Customer service orientation must provide all departments of an enterprise.
  2. Technology can help improve customer service
  3. Customer want multiple service channels
  4. Customer want the option of human contact
  5. Improve the overall customer experience
  • Customer care is a key marketing discipline. Customer satisfaction/loyalty, and enterprise profit.
  • Develop service strategies based on CLV.
  • Customer want choice in how to access service.

Chapter 13: Marketing Automation

“the future belongs to markets who best” 1) capture 2) analyze and mine 3) USE

Types of Knowledge:

  1. Explicit Knowledge: Is readily available, it is the knowledge of skilled workers, that can be articulated, communicated to others, and if necessary incorporated into marketing decisions support or automated marketing systems.
  2. Tacit Knowledge: knowledge that has not been articulated; often subconscious and relatively difficult to communicate to other people.

Role of Knowledge In Marketing

  • To enable human agents to work: Better, Faster, and With more customer satisfying results.
  • To create automated system, as good as the best human agent.

Questions:

  1. What do you think the future holds in terms of knowledge management and use in marketing applications?

The future of knowledge management is to create an automated system that can be as good as the best human agent, and enable human agents to do their work better, faster, and in a way that provides the best customer satisfaction.  Also develop a system that encourages customers to uise the most effective and cost efficient methods of obtaining the products, services, and support they need.

  1. Think about your own Internet experience, can you think of a specific encounter in which information or knowledge clearly improved your interaction with a human agent? Can you think of an encounter in which the human agent lacked the information or knowledge to make your experience satisfactory? Be prepared to discuss both positive and negative experiences and what could have transformed a negative encounter into a positive one.

Posted in Internet Marketing.


December 1, 2008

3 Weeks to go!!

Customer service

Customer service is needed, it gives customers the chance to complain, and allows companies to receive feedback.

Customers wants to resolve problems and be satisfied.

Companies have different ways of taking care of complaints/feedback. Some ignore them…some actually read them and try to be better.

Dell outsources their customer service via 800 number.

Some provide live chats, FAQs (cheaper)

  1. The Internet has the capacity to increase customer expectations about service levels and also to be the vehicle that delivers service that meets or exceeds those expectations. Take a position on this statement and be prepared to discuss it.

I agree, the internet has the capacity to increase customer expectations: the internet has Agent Technology(AI) helps automate certain computing functions and then applies preestablished decision rules to give the appearance of exercising judgment on behalf of the users, email response management systems helps organize large numbrs of email message coming into generic addresses re-routes them according to keywords, embedded service modules are hardware that are embedded in certain devices to fix itself, wireless applications the ability to reach customers/service from anywhere, push and polite push is a technique that allows sending of content to another without asking for it, streaming media is great for customer service in situations where customers need to now how-to do things, and voice activation is speech recognition software that translates speech into codes or words.

  1. What is the concept of anticipatory customer service? What role can it play in successful customer service delivery?

The concept of anticipatory customer service is to build customer scenarios. Make customer service pervasive, fulfill common requests before asked, make service available to entire value chain. Design process for seamless escalation. Escalation Plan: Level 1-FAQs, Level 2-Web-based self help such as email, diagnostic routines, knowledge based, Level 3-Live Agent.

  1. Can you identify any ethical issues that are inherent in sophisticated customer service programs?

Posted in Internet Marketing.


November 24,2008

Eharmony was sued recently.

We discussed the upcoming paper and ebays marketspace.

A company should over it’s features to view both offline and online (auto), want to move consumers from the awareness stage to the commitment stage.

1. What is a buyer-seller relationship? How can it vary?

Buyer-seller relationships are based on exchange, where each party expects, or perhaps even demands value for what is given, such as money for product. It can vary by strong, weak or nonexistent, and could be based on logic or emotion.

2. Why is integrated lever selection important in a marketing plan?

3. How did eBay’s application of the Marketspace Matrix change over time?

4. What are the four categories of principles for lever selection?

5. What the key principles for lever selection within the Marketspace Matrix?

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November 19, 2008

We began by discussing our group companies: Ours was Best-Buy(1).

Our Best Buy Halloween costume would be smurf wearing the best buy yellow tag. Best buy targets tech savvy and families.

There products include computers to Refrigerators along with games, music, and movies.

Lever Selection Process:

  • Objective
  • Positioning
  • Current Relationship Phase
  • Target
  • Segment

Principles for marketspace matrix design:

  • Which lever should be used?
  • Choose levers to effect a change?
  • determine which levers have the most leverage?
  • consider barriers to advertisement
  • consider the mediums effect on desired behavior
  • level of involvement matters
  • understand consumer learning trends
  • credibility of the channel matters
  • The choice of levers must be consistent with positioning choice
  • The medium can be the message or the product
  • Matrix design must be adaptive

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November 17, 2008

Distribution and Branding

Nike can distribute directly to the consumer through the internet.

1. Is the Internet a distribution channel?

Internet is a distribution channel. It’s a substitute for the other forms of communication, has changed buyer-seller relationships, changed the shopping experience, and increased the power of consumers.

2. What are the functions of channel intermediaries?

The functions of the channel intermediaries are to be have Efficiency and Effectiveness.

  • Efficiency: distribution costs are reduced only if if the retailers can perform the required functions more efficiently than the manufacturer could in the direct channel
  • Effectiveness: the ability of the channel to perform functions that create value for the customers.

3. What is disintermediation and what are its implications for channel intermediaries and customers?

  • A strategy that involves the elimination of the channel intermediary.
  • The internet creates disintermediation, but the results of this is positive since it creates value for customers.

4. What are the distribution levers and how do they affect relationships between intermediaries and buyers and sellers?

Intermediary Type:

  • Direct, Traditional Retailers, Virtual Shopping Malls, and Internet Exchange

Number of Intermediaries:

  • Exclusive Distribution, Intensive Distribution, and Selective Distribution

Number of Channels:

  • Single mode vs Mixed-Mode

Degree of Channel Integration

Intermediary functions and responsibilities

Branding:

  • Brand is a “name, term, sign, symbol, or design, or a combination of them intended to identify the goods and services of one seller or group of sellers and to differentiate them from those of the competition.
  • Brand is an outcome of the levers… pricing, product, distribution, community, communication, etc…
  • Branding is fundamentally different from marketing activities.

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November 12, 2008

Today We discussed Communication and Distribution. As well other people’s blog postings such as Toyota.

Movies have multiple sources of revenue, mainly tickets.  Also advertisements and release of video/dvd. Target demo, prominent & placement. Categories, beer = bid mkt.

Community needs interactivity, they need user to user and create content.

Consumer attributes are behavioral

  1. are the target group of your product/service made of active online users?
  2. are the members willing to share?
  3. do members value interaction?
  4. the community grow organically?

Product attribute are emotional

Distribution

  • A distribution channel is the system of organization involved in the process of making a product or service available for consumption or use.
  • Marketing channels therefore facilitate the exchange of goods and services between buyers and sellers.

Information/Funds/Materials

-It reduced coordination costs.

Distribution on the internet can be done with email and M2M. Internet is complicated how to price, no answer yet but with the internet you can test your market faster with different ways to see what works.

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November 11, 2008

Today We spoke more about the Marketspace, finished Pricing and began Communication.

1. Why are marketing communications important? Marketing communication is important because it conveys relevant messages to the right consumers at the right time.

2. What is the role of the Internet in a marketing communications campaign?
3. What are the main categories of communication types, and within each category, what are the tools, or marketing levers, that marketers use to communicate with consumers?

4. What are the six steps in the communication process?

5. How do the 2is of the Internet affect marketing communications? The 2i’s Interactive and Individual, creates more interactivity.

6. What levers are used for the different customer stages?

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Novemeber 5, 2008

Historical Day: New President-elect 2008, Barack Obama. Obama ran a great campaign, he ran it like a brand that he is, and like a company. My opinion.

For the 2012 Campaign managers, I think we will see more modernized campaigns like the Obama campaign did. Using TXT message to contact voters. As the technology advances, and new media arrives, the campaign managers need to adapt to them and implement the campaign using them. The future campaigns need to be more interactive, using more internet media such as Youtube, facebook/myspace or whatever the popular social network at the time. Banner ads, create better mailing lists. Also in the future, eventually they need to bring the voting ballads online with high security.

We discussed Communication and Product. Interactivity creates communications.

The importance of Integrated Communication

The goal of marketing and communication to convey relevant messages to the right consumer at the right time.

Communication Process:

  1. Identify the target audience
  2. Determine the communication objective
  3. Develop the message
  4. Creating the message
  5. Executing the campaign
  6. Evaluating the effectiveness of campaign

Augmented Product Development

  • Customer Service Programs (post-sales support, customer care, & customer relationship mgmt)
  • Loyalty programs and privileges
  • Upgraders
  • Availability of complementary products.

1. How is product defined? Product is defined as both tangible goods and intangible services generally created for the purpose of transaction. Two generally types of products for which the levers of product development differ, Physical and Service.  Three components to overall value propositions are: (1)Core benefit (2)Basic product (3)Augmented product

2. How do interactivity and individualization affect product? It allows a company to learn more about its customer, personalize a product to meet customer preferences, and offer CRM tools to provide more value for customers and cut costs for product sellers. Also websites that require customers to register to use the site have access to numerous tols to interact with the user as an individual.

3. What are the key marketing levers for products?

4. What does the overall product development process look like? The product development process are: (1) Idea generation, (2) Screening ideas, (3) Product design, (4) Prototype development, (5) Business analysis, (6) Test marketing, (7) Commercialization.

5. How can companies manage their product portfolio? Companies can manage their portfolio with (1) New product Development, (2) Enhancements and line extensions of current products and services, (3) Development of existing products, (4) Support of current products and services.

6. How can products help enable a customer relationship? Two primary techniques are: (1)Deploying the product development levers that are appropriate for the existing relationship (2) emphasizing the elements of the value proposition that are most relevant at a given stage of the relationship.

7. How can a customer-centric approach to product development create strategic advantages?

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