Using data analytics and big data in marketing and strategic decision-making is a key priority at many organisations and subsequently a vital part of the skills set for a successful marketing professional operating today. Authored by world-leading authorities in the field, Marketing Analytics provides a thoroughly contemporary overview of marketing analytics and coverage of a wide range of cutting edge data analytics techniques. It offers a powerful framework, organising data analysis techniques around solving four underlying marketing problems: the 'First Principles of Marketing'. In this way, it offers an action-oriented, applied approach to managing marketing complexities and issues, and a sound grounding in making effective decisions based on strong evidence. It is supported by vivid international cases and examples, and applied pedagogical features. The companion website offers comprehensive classroom instruction slides, videos including walk throughs on all the examples and methods in the book, data sets, a test bank and a solution guide for instructors.

Marketing Channel Strategy: An Omni-Channel Approach is the first book on the market to offer a completely unique, updated approach to channel marketing. Palmatier and Sivadas have adapted this classic text for the modern marketing reality by building a model that shows students how to engage customers across multiple marketing channels simultaneously and seamlessly.

The omni-channel is different from the multi-channel. It recognizes not only that customers access goods and services in multiple ways, but also that they are likely doing this at the same time; comparing prices on multiple websites, and seamlessly switching between mobile and desktop devices. With the strong theoretical foundation that users have come to expect, the book also offers lots of practical exercises and applications to help students understand how to design and implement omni-channel strategies in reality.

Advanced undergraduate and graduate students in marketing channels, distribution channels, B2B marketing, and retailing classes will enjoy acquiring the most cutting-edge marketing skills from this book.

A full set of PowerPoint slides accompany this new edition, to support instructors.

Table of Contents

List of Tables, Figures, and Appendices

Preface

CHAPTER 1: The Omni-Channel Ecosystem

Learning Objectives

Introduction

What Is a Marketing Channel?

The Changing Channel Landscape

Marketing Channel Actors

Manufacturers: Upstream Channel Members

Intermediaries: Middle Channel Members

Wholesalers

Retail Intermediaries

Specialized Intermediaries

End-Users: Downstream Channel Members

Combinations of Channel Members

Online Channels

From a Multi-Channel to an Omni-Channel World

Distinction Between Multi-Channel and Omni-Channel Marketing Strategies: Trends Driving the Shift

Trend 1: Channel Participants Operate in a Connected World

Trend 2: Cross-Channel Shopping

Trend 3: Altered Shopping Norms

Trend 4: Moving into Services

Trend 5: Targeted Promotions and Customer Insights

Channel Strategy Framework

Take-Aways

　

CHAPTER 2: Channel Basics

Learning Objectives

Introduction

The Importance of Marketing Channel Strategies

Why Do Marketing Channels Exist?

Benefits for Downstream Channel Members

Search Facilitation

Sorting

Benefits to Upstream Channel Members

Routinization of Transactions

Fewer Contacts

The Key Functions Marketing Channels Perform

Channel Functions

Designing Channel Structures and Strategies

Auditing Marketing Channels

Auditing Channel Functions Using the Efficiency Template

Evaluating Channels: The Equity Principle

Evaluating Channels: Zero-Based Channel Concept

Auditing Channels Using Gap Analysis

Sources of Channel Gaps

Service Gaps

Cost Gaps

Combining Channel Gaps

Evaluating Channels: Gap Analysis Template

Make-or-Buy Channel Analysis

Auditing Omni-Channels

Take-Aways

CHAPTER 3: Channel Power

Learning Objectives

Introduction: The Nature of Marketing Channels

Power

Power as a Tool

The Five Sources of Channel Power

Reward Power

Coercive Power

Expert Power

Legitimate Power

Referent Power

Dependence as the Mirror Image of Power

Defining Dependence

Measuring Dependence

Utility and Scarcity

Percentage of Sales or Profits

Role Performance

Balancing Power: A Net Dependence Perspective

Imbalanced Dependence

Strategies for Balancing Dependence

Strategies for Tolerating Imbalanced Dependence

Power-Based Influence Strategies

Omni-Channels and Power

Take-Aways

CHAPTER 4: Channel Relationships

Learning Objectives

Introduction

Why Do Relationships Matter in Marketing Channels?

Upstream Motives for Building a Strong Channel Relationship

Downstream Motives for Building a Strong Channel Relationship

Building Channel Commitment

Need for Expectations of Continuity

Need for Reciprocation: Mutual Commitment

Strategies for Building Commitment

How Downstream Channel Members Commit

How Upstream Channel Members Commit

Building Channel Trust

Need for Economic Satisfaction

Strategies for Building Channel Partners’ Trust

Role of Noneconomic Factors

Decision-Making Processes

Overcoming Channel Distrust

Preventing Perceptions of Unfairness

The Channel Relationship Lifecycle

The Five Stages of a Channel Relationship

Managing the Stages

Managing Troubled Relationships

Relationship Portfolios

Relationship Quality

Multi-Channel Versus Omni-Channel Relationships

Take-Aways

CHAPTER 5: Channel Conflict

Learning Objectives

Introduction

The Nature of Channel Conflict

Types of Conflict

Measuring Conflict

Consequences of Conflict

Functional Conflict: Improving Channel Performance

Manifest Conflict: Reducing Channel Performance

Major Sources of Conflicts in Channels

Competing Goals

Differing Perceptions of Reality

Intrachannel Competition

Omni-Channels

Identifying Multi-Channel Conflicts

Managing Multiple Channels

Unwanted Channels: Gray Markets

Mitigating the Effects of Conflict in Balanced Relationships

Conflict Resolution Strategies

Forestalling Conflict through Institutionalization

Information-Intensive Mechanisms

Third-Party Mechanisms

Building Relational Norms

Using Incentives to Resolve Conflicts

Take-Aways

CHAPTER 6: Retailing Structures and Strategies

Learning Objectives

The Nature of Retailing

Classification of Retailers

Supermarkets

Warehouse Clubs

Department Stores

Specialty Stores

Full Line Discount Stores

Convenience and Drug Stores

The Retail Landscape

The Big Players

Modern Shifts and Challenges

Retail Positioning Strategies

Cost-Side Positioning Strategies

Demand-Side Positioning Strategies

Bulk-Breaking

Spatial Convenience

Waiting and Delivery Time

Product Variety

Customer Service

Retail Channels

Internet Retail Channels & E-Commerce

Direct Selling Channel

Hybrid Retail Channels

Retailer Power and Its Effects

Effect on Forward Buying

Effect on Slotting Allowance

Effect on Failure Fees

Effect on Private Branding

Retailing Structures and Strategies

Take-Aways

CHAPTER 7: Wholesaling Structure and Strategies

Learning Objectives

Introduction

What Is a Wholesaler?

How Are Wholesalers Different from Distributors?

The Wholesaler-Distributor Landscape

Master Distributors

Other Supply Chain Participants

Wholesaling Strategies

A Historical Perspective on Wholesaling Strategy

Wholesaling Value-Added Strategies

Alliance-Based Wholesaling Strategies

Wholesaler-Led Initiatives

Manufacturer-Led Initiatives

Retailer-Sponsored Cooperatives

Consolidation Strategies in Wholesaling

Adapting to Trends in Wholesaling

International Expansion

Omni-Channels

B2B Online Exchanges

Online Reverse Auctions

Fee for Services

Vertical Integration of Manufacturing into Wholesaling

Take-Aways

CHAPTER 8: Franchising Structure and Strategies

Learning Objectives

Franchising Formats

Product and Trade Name Franchising

Business Format Franchising

The Franchising Arrangement

Benefits of Franchising

To Franchisees

Start-Up Package

Ongoing Benefits

Competitive Advantages of Franchising

To Franchisors

Financial and Managerial Capital for Growth

Harnessing the Entrepreneurial Spirit

Reasons Not to Franchise

Franchising Strategies

Franchising Contracting Strategies

Payment Systems

Leasing

Termination

Contract Consistency

Contract Enforcement

Self-Enforcing Agreements

Company Store Strategies

Market Differences

Temporary Franchise and Company Outlets

Plural Forms and Synergies

Exploiting Franchises with Company Outlets

Adapting to Challenges in Franchising

Survival Trends

Maintaining a Cooperative Atmosphere

Managing Inherent Goal Conflict

Multi-Unit Franchising

Franchising and Omni-Channels

Take-Aways

CHAPTER 9: Channels and International Markets

Learning Objectives

Introduction

Key Middlemen in International Business

Export Management Companies

Export Trading Companies

Piggybacking

International Retailing

International Franchising

International Distribution Challenges

The Role of the Wholesaler

Marketing to the Base of the Pyramid

Defining the Market

Ethical Considerations at the BOP

Distribution to the BOP

Omni-Channel and Global Marketing

Take-Aways

　

CHAPTER 10: End-User Analysis: Segmenting and Targeting

Learning Objectives

Introduction: Understanding the Importance of Channel Segmentation

End-User Segmentation Criteria: Service Outputs

Bulk Breaking

Spatial Convenience

Waiting or Delivery Time

Product Variety and Assortment

Customer Service

Information Sharing

Segmenting End-Users by Service Output

Targeting End-User Segments

Omni-Channels and End-User Segments

Take-Aways

CHAPTER 11: Omni-Channel Strategy

Learning Objectives

Introduction

Key Challenges of the Omni-Channel Approach

The Four Pillars of an Omni-Channel Strategy

Harnessing Customer Knowledge

Leveraging Technology

Managing Channel Relationships

Assessing Channel Performance

Take-Aways

Index /

This book provides a synthesis of research perspectives on customer engagement through a collection of chapters from thought leaders. It identifies cutting-edge metrics for capturing and measuring customer engagement and highlights best practices in implementing customer engagement marketing strategies. Responding to the rapidly changing business landscape where consumers are more connected, accessible, and informed than ever before, many firms are investing in customer engagement marketing. The book will appeal to academics, practitioners, consultants, and managers looking to improve customer engagement.

Marketing Strategy offers a unique and dynamic approach based on four underlying principles that underpin marketing today: All customers differ; All customers change; All competitors react; and All resources are limited. The structured framework of this acclaimed textbook allows marketers to develop effective and flexible strategies to deal with diverse marketing problems under varying circumstances. Uniquely integrating marketing analytics and data driven techniques with fundamental strategic pillars the book exemplifies a contemporary, evidence-based approach. This base toolkit will support students' decision-making processes and equip them for a world driven by big data. The second edition builds on the first's successful core foundation, with additional pedagogy and key updates. Research-based, action-oriented, and authored by world-leading experts, Marketing Strategy is the ideal resource for advanced undergraduate, MBA, and EMBA students of marketing, and executives looking to bring a more systematic approach to corporate marketing strategies. New to this Edition: - Revised and updated throughout to reflect new research and industry developments, including expanded coverage of digital marketing, influencer marketing and social media strategies - Enhanced pedagogy including new Worked Examples of Data Analytics Techniques and unsolved Analytics Driven Case Exercises, to offer students hands-on practice of data manipulation as well as classroom activities to stimulate peer-to-peer discussion - Expanded range of examples to cover over 250 diverse companies from 25 countries and most industry segments - Vibrant visual presentation with a new full colour design Accompanying online resources for this title can be found at bloomsburyonlineresources.com/marketing-strategy-2e. These resources are designed to support teaching and learning when using this textbook and are available at no extra cost.

'A must-read for any marketer, be it a curious researcher, entry level manager or senior leader. Chapters in this book offer the right amount of theory and practical implications on how to infuse customer centricity into an organization by making systematic changes to organizational design, strategy, offerings, and capabilities.' - Shrihari Sridhar, Texas A&M University, US 'This would be the first book to purchase if you want to get out of functional silos and build a truly customer-centric organization. This book illustrates that customer centricity is not confined with CRM or segmentation tactics, but rather it requires a major paradigm shift in every aspect of marketing strategy and business operations.' - Steve Samaha, Wells Fargo Bank, US 'The world's renowned scholars in marketing strategy offer very thorough coverage of customer centricity. Each chapter complements the others and shares applicable and deep knowledge regarding how firms should transform the entire organization, from cultures and human capital to structures, to better serve customers.' - Mark B. Houston, Texas Christian University, US 'This book is a comprehensive reference for scholars conducing customer-centricity research. Leading academics illustrate a theoretical framework and empirical insights on how to embrace customer centricity. Executives will find a treasure trove of actionable insights for their companies.' - Vikas Mittal, Rice University, US Drawing on the expertise of leading marketing scholars, this book provides managers and researchers with insights into the fundamentals of customer centricity and how firms can develop it. Customer centricity is not just about segmentation or short-term marketing tactics. Rather, it represents an organization-wide philosophy that focuses on the systematic and continuous alignment of the firm's internal architecture, strategy, capabilities, and offerings with external customers. This philosophy means that to be truly customer-centric, firms need to make multilevel transformations in internal architecture and organizational design, including leadership, metrics, incentives, structure, processes, and systems. These reorganizations are often accompanied by reshaped relational strategies, such as customer loyalty programs and marketing channel strategies that make customer centricity a reality. These changes also need to be backed by reconfigurations of brand and technological capabilities, as manifested in healthy customer-centric brands and in technology systems and skills that enable customer centricity at scale. The contributors to this book provide current thinking and cutting-edge research to further scholars' understanding of this key concept in marketing. Academics teaching or researching customer centricity, consultants implementing customer centricity and managers directly implementing customer centricity in their organizations will come to rely on the Handbook of Customer Centricity. Marketing associations, industry associations and local and university libraries will find the insights within offer critical reflection on the key features of customer centricity and the detailed roadmap to achieve it.

Marketing Channel Strategy: An Omni-Channel Approach is the first book on the market to offer a completely unique, updated approach to channel marketing. Palmatier and Sivadas have adapted this classic text for the modern marketing reality by building a model that shows students how to engage customers across multiple marketing channels simultaneously and seamlessly. The omni-channel is different from the multi-channel. It recognizes not only that customers access goods and services in multiple ways, but also that they are likely doing this at the same time; comparing prices on multiple websites, and seamlessly switching between mobile and desktop devices. With the strong theoretical foundation that users have come to expect, the book also offers lots of practical exercises and applications to help students understand how to design and implement omni-channel strategies in reality. Advanced undergraduate and graduate students in marketing channels, distribution channels, B2B marketing, and retailing classes will enjoy acquiring the most cutting-edge marketing skills from this book. A full set of PowerPoint slides accompany this new edition, to support instructors.

Using data analytics and big data in marketing and strategic decision-making is a key priority at many organisations and subsequently a vital part of the skills set for a successful marketing professional operating today. Authored by world-leading authorities in the field, Marketing Analytics provides a thoroughly contemporary overview of marketing analytics and coverage of a wide range of cutting edge data analytics techniques. It offers a powerful framework, organising data analysis techniques around solving four underlying marketing problems: the 'First Principles of Marketing'. In this way, it offers an action-oriented, applied approach to managing marketing complexities and issues, and a sound grounding in making effective decisions based on strong evidence. It is supported by vivid international cases and examples, and applied pedagogical features. The companion website offers comprehensive classroom instruction slides, videos including walk throughs on all the examples and methods in the book, data sets, a test bank and a solution guide for instructors.