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Marketing Mix Modeling MMM (Part 1 of 3)

Tom Spencer

Is marketing solely a game of chance, or might there be a way to bring scientific methods to the table? At the micro level, the various pieces of the marketing puzzle can be, and should be, optimized on an on-going basis: The overall positioning and strategy should be evaluated. Products should be tested and optimized.

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Socialism May Work in Sports but Not in Business

Martinka Consulting

In the NFL, and other pro sports, the league has a salary cap that teams must adhere to. Those include: If we pay people too much based on their productivity we’ll lose money. If we ignore sales and marketing strategies business will eventually disappear. Good metrics make a difference. 600 or higher.

Sports 40
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Tesla Shows How Traditional Business Metrics Are Outdated

Harvard Business

He wanted to build a sports car, then build a more affordable car with zero emissions. At the core of the confusion over a company like Tesla is that traditional business metrics are outdated and can create overconfidence or underestimation. We don’t need to throw out all classic business metrics. more units than Tesla.

Metrics 28
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How to Build Great Data Products

Harvard Business

Products fueled by data and machine learning can be a powerful way to solve users’ needs. Classic examples include Google search and Amazon product recommendations, both of which improve as more users engage. Data products are a team sport. Develop the data-savvy of product and business groups.

Data 35
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Marketers Need to Stop Focusing on Loyalty and Start Thinking About Relevance

Harvard Business

That’s because the “loyalty era” of marketing, as we’ve known it, is waning. market alone, companies are losing $1 trillion in annual revenues to their competitors because they are not consistently relevant enough. Pride: Customers feel proud and inspired to use the company’s products and services.

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Podcast Statistics and Data [March 2023]

Buzzsprout

Spoken word audio popularity The consumption of spoken word audio (talk radio, podcasts, audiobooks, and sports) is on the rise across the board. News is the second most popular podcast genre, followed by true crime, sports, and health & fitness. of all podcast listeners and 48,789,778 podcast downloads. 17% use social media.

Data 52
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Wearable Technology in Healthcare

Tom Spencer

Based on a recent study by Global Industry Analysts , the global market for wearable medical devices is projected to eclipse $4.5 1 In the United States, the predominant market in this space, it is estimated that roughly 20% of Americans currently own a wearable fitness device. billion by 2020. Potential Benefits.