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Don't Let Big Data Bury Your Brand

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The credit card giant Capital One is known for its pioneering use of marketing analytics and big data, so it might be surprising to read about its recent realization: that too much reliance on those tools had left it without a meaningful brand. The authors explain how the number one job of the CMO--to strike the right balance between promotions that goose revenue in the short term and brand-building campaigns that support healthy margins in the long term--has become dramatically harder in the age of data-driven targeting. Capital One got its own wake-up call when its CEO, Rich Fairbank, commissioned a brand equity study. The research revealed that Capital One was overwhelmingly known by consumers for just one attribute: "They send me lots of mail." Efforts to strengthen the brand and give Capital One a stronger foundation for future growth yielded five lessons--all learned and refined through conversations with other marketing executives, including Tony Pace, of Subway; Mark Addicks, of General Mills; Tariq Shaukat, of Caesars Entertainment; Russell Weiner, of Domino's; and Jim Speros, of Fidelity, as they dealt with the same tension in their very different organizations.

【書誌情報】

ページ数:9ページ

サイズ:A4

商品番号:HBSP-R1511D

発行日:2015/11/1

登録日:2015/11/11

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