MARKETING PERFORMANCE AND BUSINESS' KPI
Obiettivi formativi
The course aims to provide a broad range of theories, models, methods, techniques, and specific metrics to measure and evaluate marketing performance. All of these elements provide the tools to correctly define investments and their returns, and ultimately the marketing contribution to company’s value creation. The student - by participating in the lectures and practical activities of the course – will identify marketing performance metrics and will be able to determine the causal relationships that make such metrics valid and reliable to manage marketing effectively.
Risultati di apprendimento attesi
At the completion of this course, students will be able to:
Knowledge and understanding: The student - by participating in the lectures and practical activities of the course - will have developed the ability to understand the links between the value generated for the customer, the breadth and quality of market relations. Knowledge and understanding will be assessed on the basis of participation in lessons and a final written test. In particular: detailed study of the chapters of the manual referable to the thematic modules and consultation of the slides prepared by the teacher and enabled for the understanding and acquisition of "individualized" knowledge. In addition, company case studies, testimonials and numerous application examples shared with passive and active learning processes.
Applying knowledge and understanding: This ability is developed through small group and plenary analyzes of real cases, to which are added testimonies of top representatives of the business community conducted in ways that facilitate interaction and participation. The student - acquiring the correct tools and method - will be able to interpret, apply and present the reference interpretative models, but also develop practical projects. At the end of the course there will be a written test.
Making Judgements: The student, through the use of the methodologies acquired during the course, will have acquired problem analysis skills and the ability to identify the information necessary for their solution. Specifically, critical thinking, problem solving, self-management, teamwork, relationship and communication skills will be adequately developed, which enhance and make the disciplinary skills more usable.
Communication Skills: At the end of the course the student will be able to use the business and technical vocabulary of marketing, addressing the legal issues at hand with terminological accuracy. Through the various activities that will take place during the course – lessons with discussion, moot courts, workshops – the student will be able to put these communication skills into practice in various contexts, by adapting the terms used to the interlocutor in the specific case, thus gaining advanced rhetorical skills necessary for his/her professional career.
Learning Skills: The technical-economic knowledge acquired during the course will allow the student to autonomously understand and interpret: the design and management of marketing processes including quantitative and qualitative analysis methodologies and techniques, the framing and operational management of all the main marketing phenomena.The student will develop a solid knowledge of the fundamental aspects of the subject that will allow him to continue to deepen the topics addressed independently and to undertake the various post-graduate professional training courses.
Contenuti Del Corso
The modules of the course will cover the following topics:
Ontology, epistemology, methodology, and chronology of measurement
Corporate perspective on metrics: the balanced scorecard model
Marketing metrics and company value creation: the pillars of marketing performance measurement
Customer acquisition, retention and evolution: fundamentals of customer analytics and metrics
Product management metrics
Brand management metrics
Pricing and financial metrics
Communication metrics
Consumer neuroscience analytics & metrics
Digital & Social Media and influencer marketing metrics
Distribution metrics
E-commerce metrics
Testi Di Riferimento
The key textbooks for the course are:
(Mandatory) Bendle, N, Farris, P. W., Pfeifer, P., & Reibstein, D. (2021) Marketing Metrics: The Definitive Guide to Measuring Marketing Performance (4th Edition). Pearson Education.
(Optional) Bendle, N., Pfeifer, P., Reibstein, D., Farris, P. (2017) Key Marketing Metrics: The 50+ metrics every manager needs to know (2nd Edition). Pearson Education
Metodologie Didattiche
Fully asynchronous lectures
TA synchronous consultations
Case studies
Modalità di verifica dell'apprendimento
Attending Students will be evaluated on the following activities:
Assigned exercises to solve and complete (48%)
2 case studies (32%)
Final exam (10%)
In-person evaluation (10%)
Non attending students will be evaluated based on a final written exam plus an oral exam (on campus). They are required to read all book chapters and teaching materials. Also, video scripts, slides and curated materials and exercises are strongly recommended to be prepared for the final exam.
Criteri per l’assegnazione dell’elaborato finale
Active attendance at the course
Show a consistent interest in the deepened topics
Prepare a research proposal on course topics
Settimana 1
Week 1 - Ontology, epistemology, methodology, and chronology of measurement
Asynchonous lesson
Introduction to the concept of measurement and
E-tivities
Reflection essay based on the definition and the relevance of measurement and the different types of measurement levels
Brief description of the process of scale development that Peck and Childers (2003) adopted in their paper
Related Material
Chapter 1 of textbook
Lecture slides
Peck, J., & Childers, T. L. (2003). Individual differences in haptic information processing: The “need for touch” scale. Journal of Consumer Research, 30(3), 430-442.
Baron, R. M., & Kenny, D. A. (1986). “The moderator–mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations”, Journal of Personality and Social Psychology, 51(6), 1173-1182.
Aguinis, H., Edwards, J. R., & Bradley, K. J. (2016). “Improving Our Understanding of Moderation and Mediation in Strategic Management Research”, Organizational Research Methods, 1-21.
Settimana 2
Week 2 - Corporate perspective on metrics: the balanced scorecard model
Asynchonous lesson
Define the concept of ‘value’ within the enterprise and make connection between the value chain, marketing plans and the BSC.
E-tivities
Discussion forum
Related Material
Chapter 2 of textbook
Lecture slides
Settimana 3
Week 3 - Marketing metrics and company value creation: the pillars of marketing performance measurement
Asynchonous lesson
To define enterprise value from a marketing perspective and to examine the main tools of marketing performance measurement. To classify and use the main measures of economic and financial performance for marketing managers to solve real business cases.
E-tivities
Self-check quiz
Discussion forum
Related Material
Chapter 3 and 4 of textbook
Lecture slides
Katsikeas, Constantine S., Neil A. Morgan, Leonidas C. Leonidou, and G. Tomas M. Hult. "Assessing performance outcomes in marketing." Journal of Marketing 80, no. 2 (2016): 1-20.
Settimana 4
Week 4 - Customer acquisition, retention and evolution: fundamentals of customer analytics and metrics
Asynchronous lesson
To distinguish among different types of customer metrics and to define quantitative approaches to market analysis, to estimate market size, market share, etc.
To apply key ideas about customer metrics to solve real business problems.
E-tivities
Open questions
Assigned exercises
Discussion forum
Related Material
Chapter 5 of textbook
Lecture slides
Ofek, E. Customer Lifetime Value versus Customer Lifetime Return on Investment, HBSPD 9-515-049
Shively, D., & Venkatesan, R. (2012). Netflix, Inc.: The Customer Strikes Back. Darden Business Publishing Cases.
Settimana 5
Week 5 - Product management metrics
Asynchonous lesson
To define the useful metrics to measure product performance and to analyze product sales according to several factors (e.g.: promotions, launch of new products, etc.).
To identify ways to project sales volumes.
E-tivities
Discussion forum
Assigned exercises
Related Material
Chapter 4 of textbook
Lecture slides
Settimana 6
Week 6 - Brand management metrics
Asynchonous lesson
To distinguish between cognitive metrics, attitudinal metrics, behavioral and financial ones. To define and measure brand engagement and to apply different brand evaluation model.
E-tivities
Discussion forum
Assigned exercises
Related Material
Chapter 4 of textbook
Lecture slides
Settimana 7
Week 7 - Pricing and financial metrics
Asynchonous lesson
To define the metrics to measure effective pricing strategies and to analyze and to adopt pricing decisions according to different pricing strategies.
To understand the connection between pricing changes and company performance.
E-tivities
Discussion forum
Assigned exercises
Related Material
Chapter 7 of textbook
Lecture slides
Farris, P., Pfeifer, P. E., & Bendle, N. Pricing Metrics and Concepts. HBS
Settimana 8
Week 8 - Communication metrics
Asynchonous lesson
To define the metrics to measure the effect of an advertising campaign and to distinguish between cognitive, affective, and behavioral advertising measurement.
E-tivities
Discussion forum
Assigned exercises
Related Material
Lecture slides
Settimana 9
Week 9 - Consumer neuroscience analytics & metrics
Asynchonous lesson
To define consumer neuroscience and to identify the main consumer neuroscience methods and measures.
To apply consumer neuroscience metrics to design better marketing strategy.
E-tivities
Discussion forum
Assigned exercises
Related Material
Lecture slides
Settimana 10
Week 10 - Digital & Social Media and influencer marketing metrics
Asynchonous lesson
To analyze the quality of brand’s online activities on several platforms and to track social media performance and influencer generated interactions.
E-tivities
Discussion forum
Assigned exercises
Related Material
Chapter 10 of textbook
Lecture slides
Settimana 11
Week 11 - Distribution metrics
Asynchonous lesson
To define the metrics to measure effective salesforce performance and distribution channel metrics, and to select and apply the right metrics to solve real business cases.
E-tivities
Self-check quiz
Discussion forum
Assigned exercises
Related Material
Chapter 6 of textbook
Lecture slides
Settimana 12
Week 12 - E-commerce metrics
Asynchonous lesson
To distinguish between e-commerce metrics that have a direct flap in the offline world, and the ones that are only related to the online. To analyze an e-commerce performance.
E-tivities
Discussion forum
Assigned exercises
Related Material
Lecture slides