article thumbnail

Marketing Mix Modeling MMM (Part 3 of 3)

Tom Spencer

Then, budget allocation is done, by shifting money from low ROI mediums to high ROI mediums, thus maximizing sales while keeping the budget constant. Marketing data for the product is available for October to December 2017 (table below). * MMM assists marketers in optimizing future spends and maximizing effectiveness (i.e.

article thumbnail

How My Company Created an Apprenticeship Program to Help Diversify Tech

Harvard Business

In January 2017 we partnered with Colleen Showalter from the local Boys and Girls Club (BGC) in Portland, Oregon, and asked if they would help us recruit new talent, ages 18 and above, from underrepresented groups. In future pilots, we will also be increasing the length of diversity and inclusion training to an eight-week program.

Company 128
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why CRM Projects Fail and How to Make Them More Successful

Harvard Business

In 2017, CIO magazine reported that around one-third of all customer relationship management (CRM) projects fail. Implement your CRM with that in mind and you’ll be pleased with your ROI. PM Images/Getty Images. That was actually an average of a dozen analyst reports. The numbers ranged from 18% to 69%.

Sales 132
article thumbnail

The Business Case for an Employee Communication App - SPONSOR CONTENT FROM STAFFBASE

Harvard Business

Research by Staffbase shows that a mobile employee app dramatically improves internal communication, and it identified four areas where companies can see concrete ROI. In 2017, German transport company Reinert Logistics implemented an employee app with their workforce, of which 83% of employees are non-desk workers.

article thumbnail

What Creativity in Marketing Looks Like Today

Harvard Business

Each outbound communication is measured individually for immediate ROI. As a result of this integrated, agile approach, the company easily hit some early 2017 revenue targets with conversion rates that are four times what is traditionally seen in the industry. These members are 2.6

Marketing 134
article thumbnail

How One CMO Revamped Her Role

Harvard Business

” The email contained a link to a 2017 article one of us wrote for HBR, and suggested the CMO read it before their meeting. ” Like many of the CMOs described in the 2017 article, she was initially hired to focus on downstream commercialization roles, such as overseeing advertising.

Agile 70
article thumbnail

How Vineyard Vines Uses Analytics to Win Over Customers

Harvard Business

The Vineyard Vines team increased the reach for their annual St Patrick’s Day email campaign from 3,000 recipients in 2017 to more than 239,000 in 2018, while maintaining a highly personalized approach. A Seasonal Campaign Generates Outsized ROI Through Enhanced Cross-Channel Marketing.

Retail 78