Measuring brand value is a huge challenge. Even the best methodology available is far from perfect. (And there are many would argue I’m being too generous in that assessment). There are, however, a number of significant potential benefits if you know the value of your brand. Most obviously you have a better idea of your firm’s…
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Bringing Accountability To Marketing
Peter Rosenwald shares his experience bringing accountability to marketing. He describes trying to account for the success of marketing campaigns in his book Accountable Marketing. This examines many ideas that are critical to quantitative marketing and covers a vast range of industries. No One Is Average He gives some great perspectives — such as “Average: The Most…
How Do Academic Marketers Choose Their Objectives?
I think one of the great problems in marketing academia is that we spend a lot of time thinking about our models and very little time on our data. We have increasing clear views of how things connect up but we don’t really know what it is that we are connecting up. Deciding what objective…
A Couple Of Word Clouds To Better Understand Marketing
I thought it’d be helpful to share a couple of word clouds to better understand marketing. Word clouds are sometimes looked down upon by academics but they can be very simple visual ways to summarize text. Are they deep analysis, no, but they are a fun place to start. Word Clouds To Better Understand Marketing:…
Improving Forecasting
Philip Tetlock’s book on expert political judgment was a classic. That said, he clearly thinks that the message taken from that book was too strong. Previously he suggested that experts just aren’t that good at forecasting. He still retains that theme in his new work — but now he is more interested in improving forecasting. Improving Forecasting…
The Value Of Any Metric
The are any number of marketing metrics. (We said 50+ in the first edition of our book. That worked for us. After all, we couldn’t be bothered to count them. There are much more than 50). An obvious question is, therefore, which metrics should we bother to calculate? What is the value of any metric?…
Judging The Performance Of Marketing Academics
I enjoy measures of academic productivity. Many of my colleagues are suspicious. To be fair, they often have reasonable concerns. Judging the performance of marketing academics is hard. Many measures are of debatable accuracy. Still, I don’t see that as a reason to give up on them. Without measures, we are left with subjectivity. The Problem…
Mapping Social Networks With NodeXL
Today I’m taking a slightly different tack. I’m recommending software. This allows researchers and managers to go about mapping social networks with NodeXL. The good news is that this is software that is an add-on to Excel. (Sadly it only works with the Windows version). It is easy to use, and if you already know…
Antifragility
Nassim Nicholas Taleb is clearly worth listening to. His idea of antifragility is useful. But he seems determined to alienate people. His book, Antifragile, is sprawling and confrontational. He uses it to settle a long list of scores with famous names. Those who disagree are not merely wrong. Instead, they are portrayed as cartoon villains…
Faking Market Share
I enjoyed Peter Thiel’s Zero to One which he wrote with Blake Masters. Thiel seems more interesting than most business leaders. The book spews out ideas in a slightly haphazard, but never boring, fashion. (To be clear I’m pretty sure I disagree with him on an awful lot of issues, but still think it is…