Big marketing data are increasingly available for managerial decision making. This course introduces concepts, techniques, and latest applications of big data in marketing. It covers the difference between big data and normal data and the potential of big data in marketing, the foundations of data structure, collection, and warehousing, and the latest applications of deriving marketing insights from big data. It engages students in a capstone project in groups to provide a holistic hands-on experience of analysing big data in marketing.
A clear understanding of consumer insights is critical to firms who want to use big data to predict consumer future behaviour and determine the most effective marketing strategies. This course is designed to provide students with a comprehensive coverage of frameworks, concepts, tools, and techniques to gain consumer insights, with an emphasis on uncovering, generating, and interpreting business-relevant consumer insights. Relevant theories and research in behavioural sciences will be discussed with the goal of understanding and eventually influencing consumer behaviour.
Information and communications technologies have brought fundamental changes to the business world. Being digitally smart and able to harness the digital technologies to effectively interact and engage with ever-changing consumers has become necessities for businesses to survive. The course takes the view that digital technologies have reshaped not just advertising, but all aspects of marketing. Students will first learn how digital technologies affect key elements of marketing strategy: segmentation, targeting and positioning. They will then be exposed to how product management, brand management, pricing, promotions and channel management, are all fundamentally changing in a digital era.
The digital age has fundamentally altered the manner we collect, process, analyse and disseminate market intelligence. The increased velocity of information flow enables marketers to respond with much greater speed to changes in the marketplace. Marketing analytics is timelier, less expensive, more actionable and accurate, and it is increasingly infused into today’s business decision-making processes.
This course combines theory with practice, linking the classroom with the consumer marketing workplace. It employs Destiny©, a business simulator that mirrors the buying behaviour of consumers, to give participants the unique experience of running a virtual organisation. The course is designed to train marketing professionals in the application of market intelligence, analytic techniques and research practices, for taking day-to-day marketing decisions, and developing and executing marketing strategies.
To help students become more effective marketing decision makers, the course imparts a holistic learning experience in business management. In addition to experiential learning, lectures, presentations, class discussions and case studies, teams are coached and grilled in close business review meetings.
Today’s businesses are bombarded with data. It is a key skill to be able to tell a story from this data so that businesses can leverage on market intelligence for marketing effectiveness. To achieve this objective, this course is designed with two integrated components: 1) data visualisation, and 2) marketing strategy. We will start with understanding how humans interpret and perceive visual cues. Then, we introduce various tools and techniques for visualisation. Subsequently, we apply these insights obtained to learn how to maximise the impact on communication to win the buy-in of the relevant decision makers within the organisation.