BULLET POINTS
Trends affecting customers attention/Control 7. Sustainability
from the company to the customer:
1. Customers trust each other more than Activity-level e-business models:
the company 1. E-mail
2. Market and media fragmentation 2. Order processing
3. Social commerce 3. Online purchasing
4. Information transparency 4. Online advertising and PR
5. Everyone is a content creator 5. Online sales promotions
6. Connections are critical 6. Search marketing
7. Dynamic pricing strategies
Internet properties affecting marketing/E- 8. Social media communication
business and e-marketing opportunities given 9. Business intelligence
by the Internet properties: 10. Content publishing
1. 24-hour marketing
2. One-to-one marketing Business process-level e-business models:
3. Personalization 1. CRM
4. Measurable and trackable results 2. Knowledge management
5. More interesting campaigns 3. Supply chain management
6. Better conversion rates (increased 4. Freemium
purchases) 5. Community building
7. Lower costs 6. Mass customization
8. Global reach 7. ERP
8. Crowdsourcing
Components of inbound marketing: 9. Database marketing
1. Social networks
2. Content Enterprise-level e-business models:
3. Search engine optimization techniques 1. Direct distribution
2. Social commerce
Key elements of Web 2.0: 3. E-commerce
1. Location-based services 4. Social network sites
2. Decline of print media 5. Portal
3. Increase of Internet adoption and 6. Broker models
online retail sales 7. Agent models
4. Increase of online fund raising 8. Content sponsorship online
5. Everything is faster
6. Search engines are now reputation Ways of collecting Web analytics:
engines 1. Cookies
2. Web site servers logs
Critical components for evaluating the fit of a 3. Page tags
business model for a company and its 4. Geolocation
environment:
1. Customer value Social media awareness/exposure metrics:
2. Scope 1. Unique visitors
3. Price 2. Page views
4. Connected activities 3. Impressions
5. Implementation 4. Search ranking
6. Capabilities 5. Number of searches
1 6. Number of followers, registrations or 2. Agent e-business models
subscribers E-marketing costs:
Social media brand health metrics: 1. Technology costs
1. Share of Voice 2. Salaries
2. Sentiment 3. Web site design costs
3. Brand influence 4. Other site development costs
5. Marketing communication
Social media engagement metrics: 6. Social media communication
1. Content viewership 7. Miscellaneous
2. Tagging, bookmarking or likes
3. Membership/follower metrics Problems of operating within an emerging
4. Number of shares nation:
5. Content creation 1. Number of computer users and
Wireless Internet access (mobile
Social media action metrics: phones)
1. Click-through 2. E-commerce payment and trust issues
2. Contact form completion or 3. Physical infrastructure issues
registration
3. Event attendance Minimum requirements for ethical use of
4. Purchase consumer information, according to the FTC:
1. Notice
Social media innovation metrics: 2. Consent
1. Number of ideas 3. Access
2. Trend spotting 4. Security
5. Enforcement
Key planning elements:
1. Situation analysis: SWOT analysis and Characteristics of big data:
environmental analysis 1. Volume
2. E-marketing strategic planning: tier 1 2. Velocity
strategies 3. Variety
a. Segmentation 4. Veracity
b. Targeting
c. Differentiation Ways in which e-marketing changed the MIS:
d. Positioning 1. Data are stored electronically in
3. Objectives: task, measurable quantity databases and data warehouses, that
and time frame enable marketers to obtain valuable,
4. E-marketing strategy: tier 2 strategies appropriate, and tailored information
a. Marketing mix anytime
b. CRM + PRM 2. Database information can be received
5. Implementation plan not only in Web pages and e-mail but
6. Budget also on other appliances in addition to
7. Evaluation plan the desktop computers
3. Also customers can have access to
Online pricing trends: portion of the database
1. Dynamic pricing 4. Most firms recognize that data and
2. Online bidding information are useless unless turned
into marketing knowledge for
marketing strategies to increase profits
Distribution strategies:
1. Direct marketing Sources of data:
2 1. Internal records 3. Proprietary, so unavailable to
2. Secondary data competitors
3. Primary data Online methods of primary data
Problems of secondary data: collection/Internet-based research approaches:
1. They may not meet the specific e- 1. Experiments (A/B tests)
marketer’s information needs 2. Online survey research
2. They can have low quality 3. Online observation
3. Marketers have no control over data- 4. Content analysis
collection procedures so they have to 5. Focus groups
evaluate the quality of secondary data Steps in a primary marketing research project:
Sources of BI (firm’s macroenvironment) 1. Research problem
data: 2. Research plan:
1. Public sources (U.S. agencies, global a. Research approach
organizations, universities, b. Sample design
professional associations) c. Contact method
2. Private sources (company Web sites, d. Instrument design
research firms, commercial online 3. Data collection
databases) 4. Data analysis
5. Distribution of findings/Addition to
Competitive intelligence cycle: the database
1. Planning and direction
2. Published information collection Advantages of online focus groups over
3. Primary source collection traditional focus groups:
4. Analysis and production 1. They bring together people who live
5. Report and inform in different geographic areas
2. Because participants type their
Sources of CI online data: answers at the same moment, they
1. Competitor’s Web sites aren’t influenced by what others say
2. Third-party, industry-specific sites (groupthink)
3. User conversation in the social media 3. Web researchers can use multimedia
content, animated ads, demonstrate
Steps to evaluate the quality of secondary data software
collected online:
1. Define the Web site’s author Disadvantages of online focus groups over
2. Define whether the Web site’s author traditional focus groups:
is an authority on the Web site topic 1. They can host a smaller number of
3. Find out the Web site’s last update people (4-8 participants) because of
4. Check the site content for accuracy the difficulty to manage
5. Determine how comprehensive the simultaneously, overlapping
site is conversation online
6. Try to compare the research data with 2. Nonverbal communication is lost
other information found in other online
sources on the Internet or in hard copy 3. Authenticity problem Solution:
password entry and verification of
Advantages of primary data: respondent authenticity
1. More relevant to the marketer’s 4. Technical problems
specific problem 5. People use stronger positive and
2. Current negative words online than in
traditional modalities
3 3. Customer profiling
Ways for conducting surveys online: 4. Report generating
1. Intercept sampling
2. Direct targeting Knowledge management metrics:
3. Panels 1. ROI
4. Bulletin boards/groups 2. Total Cost of Ownership
Advantages of online survey research over Hierarchy of effects model:
traditional survey: 1. Awareness
1. Inexpensive and faster 2. Positive or negative attitude
2. Reduce errors, the complexity and 3. Purchase
rime involved for respondents
3. Respondents answer questions more AIDA model:
honestly and openly on a computer 1. Attention
than they do when an interviewer is 2. Interest
present 3. Desire
4. Action
Disadvantages of online survey research over
traditional survey: AIDA model modified for the social media
1. Sample representativeness and environment:
measurement validity, so researchers 1. Attention
cannot generalize results to the entire 2. Interest
population 3. Search
2. Measurement issues 4. Action
3. Decline of online research response 5. Share
rates and quality of online survey data
4. The firm has no control over who Consumer behaviour theories described in Dr.
responds (respondent authenticity Marsden’s work:
problem) 1. Scarcity
5. Spam perception 2. Popularity (bandwagon effect)
3. Affinity
4. Authority
Ethical concerns regarding online survey 5. Consistency
research: 6. Reciprocity
1. Consumers are upset to receive
unsolicited e-mail requesting survey Characteristics motivating consumers to
participation purchase a product rather than
2. Many companies collect e-mail another/affecting consumer online buying
addresses from Internet forums and behaviour/having a huge effect on online
groups without permission exchanges:
3. Privacy of users data is an issue 1. Technological factors:
because it is easy and profitable to a. Home connection speeds
send electronic data to others through b. Changes in digital-content
the Internet receiving appliances
4. Some companies conduct surveys for c. Web 2.0 technologies
the purpose of building a database for 2. Cultural and social factors:
later solicitation a. Information overload
b. Multitasking
Analysis for marketing decision making: c. Home and work
1. Data mining d. Connectivity
2. RFM analysis e. Online oxygen
4 f. I want what I want when I 7. Brand communities
want it 8.
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