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Decision Equity: The Ultimate Metric to Connect Marketing Actions to Profits Piyush Kumar

Decision Equity: The Ultimate Metric to Connect Marketing Actions to Profits By Piyush Kumar

Decision Equity: The Ultimate Metric to Connect Marketing Actions to Profits by Piyush Kumar


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Summary

Introduces 'Decision Equity' as a breakthrough, overarching metric that can help free marketing managers from their existing mental models, and provide avenues to efficiently convert the vast amounts of data at their disposal into powerful information to make informed long-term and short-term decisions.

Decision Equity: The Ultimate Metric to Connect Marketing Actions to Profits Summary

Decision Equity: The Ultimate Metric to Connect Marketing Actions to Profits by Piyush Kumar

In this book, the authors introduce Decision Equity as a breakthrough, overarching metric that can help free marketing managers from their existing mental models, and provide avenues to efficiently convert the vast amounts of data at their disposal into powerful information to make informed long-term and short-term decisions about products, customers, markets, and overall business health. There are four key objectives that we wish to achieve through this book.

First, they to introduce the underpinnings of a new flow-based measurement and management process that can promote truly unshackled thinking both within the marketing function as well as at its interface with other functional areas. Second, they demonstrate how firms can win by learning to conceptualize and discover the linkages between marketing and related non-marketing actions and their ultimate marketplace and financial consequences. Third, they provide guidance for how marketing managers and CMOs can significantly improve the outcomes of their decisions by following a verification-based linkage discovery process to connect marketing actions to profits. And fourth, they provide evidence for the efficacy of verification-based thinking centered on the principles of Decision Equity from successful marketing interventions and implementations in well-known organizations.

About Piyush Kumar

Dr. Piyush Kumar is associate professor of marketing at the Terry College of Business at the University of Georgia and currently a visiting associate professor of marketing at the Wharton School of Business at the University of Pennsylvania. He is also the president of Stratistics Inc., a marketing strategy and analytics firm. His areas of expertise include brand management, service strategies, marketing analytics, and linkage analysis. Dr. Kunal Gupta is a vice president at Burke Inc., where he consults extensively on topics related to decision equity for small as well as large Fortune 500 companies. He regularly speaks and conducts workshops related to the topic of decision equity, and has also served as a member of the Board of Examiners for the Malcolm Baldrige National Quality Awards.

Additional information

NLS9781606491935
9781606491935
1606491938
Decision Equity: The Ultimate Metric to Connect Marketing Actions to Profits by Piyush Kumar
New
Paperback
Business Expert Press
2011-05-16
198
N/A
Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
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