Marketing Research and Marketing Analytics …...Enhancing fact-based analysis and decision making....

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Marketing Research and Marketing Analytics Simulations “I hear and I forget; I see and I remember; I do and I understand.” - Confucius Marketing analysis and marketing data interpretation. Enhancing fact-based analysis and decision making. Link marketing analysis to marketing strategy (product-line management via segmentation, targeting, and positioning). Designing and executing competitive and profitable marketing programs.

Transcript of Marketing Research and Marketing Analytics …...Enhancing fact-based analysis and decision making....

Page 1: Marketing Research and Marketing Analytics …...Enhancing fact-based analysis and decision making. Link marketing analysis to marketing strategy (product-line management via segmentation,

Marketing Research and Marketing Analytics Simulations

“I hear and I forget; I see and I remember; I do and I understand.” - Confucius

Marketing analysis and marketing data interpretation. Enhancing fact-based analysis and decision making. Link marketing analysis to marketing strategy (product-line management via segmentation, targeting, and positioning).

Designing and executing competitive and profitable marketing programs.

Page 2: Marketing Research and Marketing Analytics …...Enhancing fact-based analysis and decision making. Link marketing analysis to marketing strategy (product-line management via segmentation,

LINKS Marketing

Research Simulation

LINKS Marketing

Analytics Simulation

Simulation Size “Small” “Medium”

Target Marketing Courses

Marketing research courses.

Marketing analytics courses and marketing research courses where a “larger” simulation

experience is desired.

Typical Rounds Time Per Round

4

2 to 2.5 hours

5-6

2.5 to 3 hours

Typical Industry Size

4-6 firms per LINKS industry with teams of 3-5 students.

Minimum of 2 and maximum of 8 firms per LINKS industry; multiple, independent industries accommodate larger classes.

Cost Per Student $27 $38

In academic degree-granting programs, $27 and $38 simulations include a maximum of 4 and 6 rounds, respectively. Extra rounds cost $4 per student per round.

Current and potential LINKS instructors are invited to contact Randall G Chapman PhD, the LINKS author ([email protected]), to discuss the LINKS simulation variant that may be most appropriate for their instructional application.

Page 3: Marketing Research and Marketing Analytics …...Enhancing fact-based analysis and decision making. Link marketing analysis to marketing strategy (product-line management via segmentation,

LINKS Marketing

Research Simulation

LINKS Marketing

Analytics Simulation

Initialization Conditions and Market Structure

Categories 1 [hyperware] 2 categories [H&M]

Product Portfolio 3 products 2 products [1H & 1M]

Channels in Each Region 1 [retail] 2 [retail and direct]

Product Development Decisions

Product Configuration

R&D Spending

Service Decisions

Service Outsourcing

Generate Demand Decisions

Price

Marketing Spending

Marketing Mix Allocation

Positioning

Promotional Program

Sales Force Salary

Forecasting Decisions

Short-Term Forecasts

Information Technology Decisions

Optional IT Reports 44

Other Decisions

Firm Name

Research Studies Decisions

# of Research Studies 18 26

Page 4: Marketing Research and Marketing Analytics …...Enhancing fact-based analysis and decision making. Link marketing analysis to marketing strategy (product-line management via segmentation,

LINKS-simulations.com