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Course overview: Marketing Analytics Hans Baumgartner Smeal Chair Professor of Marketing

Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

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Page 1: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course overview:Marketing Analytics

Hans BaumgartnerSmeal Chair Professor of Marketing

Page 2: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

http://www.personal.psu.edu/jxb14/MA/

The web site for this course is:

Page 3: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

CANVAS

Page 4: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Contact information

482 Business Building(814) 863-3559

[email protected]

Office hours: M/W 1:30-3:00 orby appointment

Page 5: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Course objectives

▪ Introduction to marketing analytics□ We’ll study tools for generating marketing insights from

empirical data in such areas as segmentation, targeting and positioning, satisfaction management, customer lifetime analysis, customer choice, product and price decisions using conjoint analysis, and text analysis and search analytics.

▪ Hands-on course based on the Marketing Engineering (Enginius) approach and Excel software□ We’ll use in-class exercises and case analyses, and

you’ll complete a group project in which you collect and analyze data or introduce your fellow students to a marketing analytics technique not studied in class.

Page 6: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Learning goals

▪ Upon completion of this course, students will know how to conduct segmentation, targeting, and positioning analyses, measure customer satisfaction, analyze customer lifetime value, investigate customers’ choice behavior using choice models and conjoint analysis, and conducting text analyses.

▪ More generally, students will acquire an appreciation for how marketing analytics and a Marketing Engineering approach can enhance the quality of marketing decision making.

Page 7: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Course details

▪ Course materials:□ See the Course Schedule for topics and assignments□ Overheads in pptx and pdf format□ Textbook: LRB (available from the Enginius website)□ Excel with Analysis ToolPak and Enginius□ Readings on Electronic Reserve□ Other materials available on the course website or

through the Enginius portal (including the cases)▪ Preparation for class:

□ Do the readings and other assignments□ Download the overheads before class

Page 8: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Course details (cont’d)

▪ Attend class regularly and participate actively▪ In-class exercises:

□ You don’t have to hand in anything, but you may be called upon to discuss your findings

▪ Case discussions:□ Six cases□ One team will give a 20-minute presentation (and

hand in copies of the overheads)□ All teams will prepare each case, discuss the case

(following the presentation), and hand in a 5-page executive summary at the beginning of the class in which the case is being discussed

Page 9: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Course details (cont’d)▪ Team project

□ Each team will do a group project and give a 25-minute presentation

□ Two options for the team project□ A project proposal is due on October 28th and the project

has to be finalized by the first week of November□ Grade is based on the presentation and written materials

(presentation and 5-page executive summary)▪ Grading:

□ Cases (60%)□ Team project (25%)□ Attendance and participation (15%)

Page 10: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Course details (cont’d)

▪ Academic integrity▪ Affirmative action & sexual harassment▪ Students with disabilities▪ Penn State values

Page 11: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Our contract

▪ My promise to you▪ Your promise to me and the other students in this

class

Page 12: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Penn State American Marketing Association

The #1 Marketing Association in the CountryAccording to the American Marketing Association

Page 13: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Why Should I Join PSAMA?

PSAMA bridges the gap between Smeal and the business world

We prepare students to be well-rounded and ready to hit the ground running

Our goal is to get YOU a Job We are ranked as the #1

Marketing Organization in the Country by AMA

94% of actively involved members will get an internship or job offer

We have a lot of fun!

Page 14: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

This Is How PSAMA Will Prepare You

The Divisions Marketing

Analytics Retail Digital Marketing

& Advertising Sports Sales

Real-World Projects with companies

Case Competitions Conferences All focusing on the

Skills Recruiters want you to have!

Page 15: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

PSAMA Gets You In Front of the Best Companies

Many Corporate Sponsors Companies that understand the

value we give students They want to hire you!

Fall networking event Marketing week Marketing conference

with top speakers Spring Marketing Career

Fair Information sessions

Page 16: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Involvement Fair Canceled?Join us for Welcome Week

PSAMA Q&A SessionCome learn, ask questions, and win prizes!

Wednesday, August 26th, 2020 @ 6PM

Zoom links also on wearepsama.com

Page 17: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Join Us At Our First General Body Meeting

Wednesday, September 2nd, 2020 @ 7PM

Zoom links also on wearepsama.com

Page 18: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Follow Us!

@weare.psama

@wearePSAMA

Email [email protected] with any questions

Page 19: Course overview: Marketing Analytics · Course Overview: Marketing Analytics Learning goals Upon completion of this course, students will know how to conduct segmentation, targeting,

Course Overview: Marketing Analytics

Next class

▪ Obtain the Enginius license□ you will receive an E-mail with instructions

▪ Install Excel software□ ExcelAnalysisToolPak.pdf

▪ Excel review□ ExcelReview-LiquidLaundry.pdf and

LiquidLaundry.xlsx□ IntroductionToQualtrics.pdf

▪ Questions?