Principles of Marketing Engineering

Lilien, Gary L.,Rangaswamy, Arvind,De Bruyn, Arnaud

ISBN 10: 1425113141 / ISBN 13: 9781425113148

Published by Trafford on Demand Pub, 2007

About this Item

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Bibliographic Details

• Title: Principles of Marketing Engineering
• Publisher: Trafford on Demand Pub
• Publication Date: 2007
• Language: English
• ISBN 10: 1425113141
• ISBN 13: 9781425113148
• Binding: paperback
• Condition: Very Good

About this title

Synopsis

The 21st century business environment demands more analysis and rigor in marketing decision making. Increasingly, marketing decision making resembles design engineering putting together concepts, data, analyses, and simulations to learn about the marketplace and to design effective marketing plans. While many view traditional marketing as art and some view it as science, the new marketing increasingly looks like engineering (that is, combining art and science to solve specific problems). We offer an accessible overview of the most widely used marketing engineering concepts and tools and show how they drive the collection of the right data and information to perform the right analyses to make better marketing plans, better product designs, and better marketing decisions. We have designed this book primarily for the business school student or marketing manager, who, with minimal background and technical training, must understand and employ the basic tools and models associated with Marketing Engineering. The interested reader can go beyond the conceptual material in this book and learn how to apply these concepts using the Microsoft Excel-based software tools, cases and exercises. That material, in concert with the descriptions here will both inform and help marketing engineers translate concepts into context-specific operational decisions and actions. Subject Areas The Principles of Marketing Engineering book includes the following topics: * Market Response Models * Customer Value Assessment and Valuing Customers * Segmentation and Targeting * Positioning Analysis * Forecasting * New Product and Service Design * The Marketing Mix