
Marketing Management Control
Description
For many companies, marketing is an area with high levels of investment, which is why the question of measurability is highly relevant. Managers see themselves under increasing internal accountability to prove the value contribution of marketing. Marketing management control is therefore ascribed an ever-increasing role with the aim of ensuring, proving and improving the effectiveness and efficiency of marketing management. Without clear evidence of success, it will be difficult to defend budgets in the future.
This publication deals with the basic principles and key instruments of effective marketing management control in the context of advancing technologization and digitalization in marketing. It discusses their possible applications in a practice-oriented manner and emphasizes aspects that have proven to be particularly relevant for companies in executive education at the University of St.Gallen (HSG).
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Persons
Prof. Dr. Sven Reinecke is Executive Director of the Institute for Marketing & Customer Insight and Associate Professor of Business Administration at the University of St. Gallen (HSG).
Dr. oec. HSG Alexander Tombach was a research associate at the Institute for Marketing & Customer Insight at the University of St. Gallen (HSG).
Content
Foundations of Marketing Management Control: The Pursuit of 'Return on Marketing Investment'.- Marketing Management Control as Ensuring and Efficiency of Marketing.- Marketing Management Control Tasks.- Lines of Development in Marketing Management Control: From Control to AI.- Instruments of Marketing Management Control - An Overview.- The Influence of Artificial Intelligence on Marketing Management Control Tasks.- Bottlenecks of Marketing Management Control.- Selected Marketing Management Control Instruments: Marketing Budgeting.- Marketing Audit.- Marketing as Driver of Shareholder-Value.- Customer Valuation.- Management Control of Brand Knowledge, Strength and Value.- Marketing Mix Control Using Marketing Mix Modeling.- Performance Measurement Systems in Marketing and Sales.- Conclusion: Assuring Learning Processes in Marketing and Sales.