As part of our special issue on political marketing, Sridhar Moorthy wrote a piece explaining marketing strategy and electoral politics. This uses ideas from competition theory. He focuses on analytical models. These are models based on mathematical theory. (Empirical models, on the other hand, are based upon observed data). Spend Does Not Necessarily Deliver Results…
Two-Part Tariffs and Disneyland
Interesting questions often precipitate (good) academic research. A great question is “why does Disneyland not make you pay for each ride”. This is the setup for Walter Oi’s examination of pricing back in 1971. Oi asks “If you were the owner of Disneyland, should you charge high lump sum admission fees and give the rides…
The Practitioner-Research Divide Beyond Marketing
Neil Anderson and his colleagues have given a lot of thought to the divide between research and practice. They focus on this in Industrial, Work and Organizational (IWO) Psychology. I don’t know much about this discipline. Still, a lot of the problems seem quite familiar. As such, they highlight the practitioner-research divide beyond marketing. In…
Double Entry Bookkeeping
It is helpful for marketers to understand accounting. The phrase double entry bookkeeping has a tendency to put people off but that is unfortunate. The idea that each event is represented by two entries is an elegant one. Marketers can learn a lot from the strengths of such an approach. Double Entry Bookkeeping Aids Understanding…
Empirical Political Marketing Research
As part of our recent Customer Needs and Solutions political marketing issue Mitch Lovett, a professor at the University of Rochester, describes key issues in empirical political marketing research. Key Empirical Political Marketing Research Data Sources Lovett outlines key data sources. These include the (US) National Election Studies and polls. Voting behavior/intentions can be combined…
Woke-Washing: A Big Deal?
I find the discussions of the role of social purpose in marketing fascinating. Unlike a lot of marketing discussions this can make it into popular debates. Owen Jones, a UK Guardian (left leaning) opinion journalist gave his view on brands and the culture wars. The open question — Woke-Washing: A Big Deal? LGBT Sandwich Jones…
The Role Of Budgeting In Organizations
One of the problems managers face with budgets is that budgeting has a variety of different roles. These roles can all be important but the roles sometimes conflict. Barrett and Fraser writing in the Harvard Business Review more than 40 years ago distinguished between three types of budgets: Capital (major investment planning), Financial (cash flow/bank…
The Pragmatic And Principled Reasons For Political Marketing Research
In a new paper in Customer Needs and Solutions Jennifer Lees-Marshment lays out why politics should matter to marketing scholars. She tells us the pragmatic and principled reasons for political marketing research. Why Study Political Marketing? Lees-Marshment argues that “the dominant research philosophy [in political marketing] is pragmatism, the methodology depends on the research question…
Politics And Marketing Fit Together Very Naturally
On and off over the next couple of months I will blog about a special issue of Customer Needs and Solutions (CNS), I co-edited this with David Schweidel at Emory. The intention of Min Ding, the CNS editor, was to promote the linkages between marketing and politics. To show that politics and marketing fit together…
Demonstrating the Financial Impact of Marketing Actions
Paul Magill, Christine Moorman and Nikita Avdiushko raise a major problem in marketing. Demonstrating the Financial Impact of Marketing Actions Critical To Show The Financial Impact of Marketing Actions As the authors say When we asked over 300 marketing leaders in the U.S. to identify the activities they find most challenging, the number one thing…
