Dynamic Case Studies and The GBH Value...
Transcript of Dynamic Case Studies and The GBH Value...
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Dynamic Case Studies
and The GBH Value
Proposition
WHO WE ARE
GBH is a custom business intelligence firm that leverages market research and analytics to provide strategic consultation around complex business challenges.
DATA
INTEGRATION
CAPABILITIES
AND PREMIUM
ANALYTICS
ACADEMIC
THOUGHT
LEADERSHIP
ENHANCED
STRATEGIC
VALUE AND
ACTIONABLE
INSIGHTS FOR
CLIENTS
GBH Insights drives brand health evaluation further by leveragingacademic thought leadership. GBH integrated multiple data sources(beyond just survey research) and applied advanced analyticaltechniques to identify the strongest drivers of sales vs. merelyfocusing on standard brand funnel metrics. This methodologyallowed for marketing activities to be evaluated within the client’sBrand Health Tracker.
Moving Beyond the
Survey: Integrating
Multiple Data Streams
to Identify the Measures
that Drive Business
Outcomes
Marketing
Classic Brand Funnel Digital
Environment
Sales Volume
• Awareness
• Consideration
• Preference
• Intention
• Loyalty
• Page views per visitor
• Search
• Web visits
• Clicks on ad
• Web conversations
• Distribution
• Advertising
• Price
• Promotion
Integrating Sales and
Survey Data to Identify
the Measures that Drive
Business Outcomes
THE PROBLEM
A large dish wash detergent brand
noticed the growing threat of a
competitive, private label brand to
its dominant marketplace position.
However, its Brand Health
Tracker was not reflecting those
vulnerabilities nor was it
diagnostic of what might be
causing this marketplace dynamic.
Integrating Sales and
Survey Data to Identify
the Measures that Drive
Business Outcomes
GBH introduced sales data to complement survey
information and used a Bayesian Network Model
rather than a linear drivers analysis so the client
could see the interactions between all variables
and identify primary, secondary and tertiary
drivers (those statistically connected to the
primary drivers) to help guide the brand’s overall
strategy in a more nuanced and actionable way.
THE SOLUTION
BAYESIAN NETWORK MODEL
Past 10 allocation
Trust enough to recommend
Smells nice when the dish
washing cycle is finished
Known for cleaning toughPowerful reliability
This brand has a great deal of
personal meaning to me
Simplifies
Understands cleaning needs
Does the job as advertisedLeading Edge
Suave
Friendly/practical
SimpleInnovative/
modern
Cleans and takes care of my dishwasherRemoves tough residue/food
Shiny and attractive
Is a brand worth paying more for
Best performance
No streaks/smudges
IIM Overlap level
Integrating Sales and Survey Data to Identify the
Measures that Drive Business Outcomes
ACTIVATING THE INSIGHTS TO DRIVE BUSINESS PERFORMANCE
GBH worked with the client to
implement modifications to its
Brand Health Tracker to monitor
performance with respect to
these important new KPIs.
Through this work, GBH
identified unowned key drivers
of market share that helped
shift the brand’s communications
strategy to align with desired
consumers benefits of an auto
dish wash detergent.
GBH partnered with the
client’s brand agency to inform
a new creative campaign to
communicate the brand’s
strengths on these benefits
more effectively.
GBH used a data integration
approach to help gain a better
understanding of what elements
drive customer churn from a
major Satellite Radio provider.
Integrating Varied and
Complex Data Sets to
Address Business
Challenges
BRINGING IN
Customer Churn (Transactional)
Call Center DataSurvey Data
Integrating Varied and
Complex Data Sets to
Address Business
Challenges
Listening Behaviors
+-
GBH confirmed that while negative
sentiment increased before
customers churned, there was a
significant reduction in volume of
words very near the critical
moment of customer churn.
Integrating Varied and
Complex Data Sets to
Address Business
Challenges
GBH then conducted follow-up
primary research among a sub-
group of churners that followed this
pattern to dig deeper into reasons
for satisfaction and churn.
Through this work, we helped the
client reduce customer churn by
Integrating Varied and
Complex Data Sets to
Address Business
Challenges
15%
…how do you find the
most profitable ones?
Identifying profitable customers by
evolving the RFM approach to CLV
“Holy Grail of Marketing” was…
CUSTOMER LIFETIME VALUE
But, the challenge remained…
Adding a new variable “clumpiness” to predict
profitability of customers (RFMC)
• Both of these customers have the same values
of R, F, and M.
• From data perspective, the user is called
clumpy (bingy) when more or larger clumps of
visits are observed.
• Clumps of visits indicate non-constant visiting
rate, temporary elevations of propensity – i.e.,
periods during which the user is more likely to
visit/purchase than his/her average level.
A BTurning RFMC into $$$
AveragePurchase $$$ Home Intimates Women Men
Non-clumpy
38 32 9 235
Clumpy
73 95 18 335
Difference
35 63 9 100
Growth in profits by identifying
clumpy customers
81% 166% 90% 40%
GBH’s team of marketing
academics used traditional ad
stock model theory to measure
the holistic impact of various
marketing initiatives in ways
that also take into consideration
the long-term effects of such
initiatives including retained
benefits of marketing.
GBH built a model grounded in
ad stock theory to help a large
pharmaceutical company
optimize its healthcare
provider detailing (marketing)
strategy at the individual HCP
level—the model evaluated
prescriber data and marketing
investment as part of the
optimization decision.
Leveraging Ad Stock Models for Marketing Optimization
GBH helped this pharmaceutical
company re-score its HCP
database to understand optimal
detailing spend, frequency and
timing and predicted impact of
detailing on script writing at an
individual HCP level.
This resulted in a 30% shift in
marketing spend from redundant
and ineffective marketing to
higher value marketing activities.
Using Ad Stock Theory
to drive more optimal
marketing strategies
The GBH Footprint
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