Preview

Digital Marketing

Good Essays
Open Document
Open Document
968 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Digital Marketing
Digital Strategy & Planning: Defining The Interactive Vision
Organizations can realize meaningful competitive advantage by developing formal digital strategies that support key corporate business and marketing objectives. By proactively measuring and optimizing these digital strategies and programs, maximum return on investment can be achieved.

CATALYST

EAST COAST

Background

Corporate investments on internet-oriented marketing and sales initiatives over the past 15 years have increased from virtually nothing in the mid-90s to millions of dollars annually at big companies. Today, digital activities run the gamut from multi-functional websites, search and email marketing, banner advertising, web-enabled multimedia, and, of course, social media. This seismic increase in spending is not without good reason: digital marketing works – for new customer acquisition, lead generation, and brand building. However, given the speed at which the interactive marketplace has evolved, it should come as no surprise that many organizations now find themselves with sprawling, disjointed digital marketing operations that lack a central vision and/or meaningful, useful measurement systems. As a result, marketing and sales executives find themselves struggling to devise, measure, monitor and optimize the performance of scatter shot interactive programs - which now have the full attention of the entire corporate leadership team. And subsequent digital strategy and budget planning discussions are often overly reactive and disorderly without a structured framework and methodology to guide the process.

Old Methods Ineffective

We hear time and time again from frustrated clients, “The interactive world moves so fast - I constantly struggle to make sense of what we currently have going on while also planning for the future.” Though the same can be said for many functional areas of an organization, digital strategy is characterized by unique challenges, due primarily to

You May Also Find These Documents Helpful

  • Better Essays

    Laudon, K. C., & Laudon, J. (2011). Management Information Systems. Managing the Digital Firm (). Harlow: Pearson Education.…

    • 1725 Words
    • 5 Pages
    Better Essays
  • Best Essays

    Management Information Systems, Managing the Digital Firm, Twelfth Edition. Jane P. Laudon, Kenneth C. Laudon 2012.…

    • 3110 Words
    • 89 Pages
    Best Essays
  • Powerful Essays

    The digital marketing plan has been outlined using the SOSTAC framework focusing on improving the customer services provision. However there are both advantages and disadvantages in process which the company needs to be aware of, in order to deliver a successful campaign.…

    • 1588 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Social Media Marketing

    • 6275 Words
    • 26 Pages

    part of their integrated marketing communications, they have naturally turned their attention to questions regarding the return on investment of social media. Clearly, there is no shortage of interest in the topic. A quick Google search recently for “ROI social media” returned over 2.5 million hits, many seemingly relevant. Internet marketing and online retailing conferences now devote attention to ROI issues, and managers are asking themselves every day, “What’s the ROI of [substitute social media application here]?” Blog posts, white papers and case studies prepared by social media gurus, consultants and industry analysts abound, yet the answer remains largely unsatisfying. That isn’t good, especially when the CEO and CFO are demanding evidence of potential ROI before allocating dollars to marketing…

    • 6275 Words
    • 26 Pages
    Powerful Essays
  • Satisfactory Essays

    Peter Drucker defined the marketing concepts as “the business as seen from the customer‟s point of view.” Keating & Hafner [68] initiated that business models can be applied to libraries; they draw analogies from business by substituting “library” for “corporation and “user” for “customer”. The e-Business domain is being employed extensively in government, library, and non-profit diverse organizations lately. Constantinides (2002) [69] proposed the Web-Marketing Mix (WMM) model to identify the online marketing critical elements and addresses the E-Commerce strategic, operational, organizational and technical issues by: Scope, Site, Synergy and System (4S). The scope identifies the strategic and operational objectives to be addressed. The site proposes a method for drafting realistic and consistent Web marketing plans in order to develop the functional platform of communication, interaction, and transaction with the web customers. The synergy refers to the necessary organization, infrastructure, human resource and knowledge for supporting smooth online operational processes. The system identifies main technological and administrative issues that will underpin online marketing activities.…

    • 453 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    ITM essay #3

    • 596 Words
    • 3 Pages

    Laudon, K. C., Laudon J. P., Brabston, M. E. (2012). Management information systems: Managing the digital firm (6th ed.). Toronto, ON: Pearson Canada Inc.…

    • 596 Words
    • 3 Pages
    Good Essays
  • Good Essays

    In the new millennium, as the Internet continued to develop and websites became more interactive, data collection and analysis became more commonplace for those Marketing Research Firms whose clients had a web presence. With the explosive growth of the online marketplace came new competition for companies; no longer were businesses merely competing with the shop down the road — competition was now represented by a global force. Retail outlets were appearing online and the previous need for bricks-and-mortar stores was diminishing at a greater pace than online competition was growing.With so many online channels for consumers to make purchases, companies needed newer and more compelling methods, in combination with messages that resonated more effectively, to capture the attention of the average consumer.…

    • 711 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Digital Marketing Planning

    • 7621 Words
    • 31 Pages

    [Accessed: 5/1/2013] Twitter (2012) The fastest, simplest way to stay close to everything you care about…

    • 7621 Words
    • 31 Pages
    Powerful Essays
  • Good Essays

    As it is derived from the Table 1, all the dimensions of the digital business strategy are affected by the current digital resources used by Migros. Some of them are affected more some others less but all of them are affected at a relatively high level so that the business goals, vision, targets and objectives to be achieved in the best possible way. The main of them are to be the closest they can to the customer, to perform in a very high level of efficiency and effectiveness, to satisfy the customer needs in the highest level that they can, to grow their market share and increase profitability at the highest possible level. It is thus remarkable to stress that in order a business to be successful (in terms of profitability and customer satisfaction),…

    • 1582 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Norton, D. & Kaplan, R. (1992) “The Balanced Scorecard: Measures that Drive Performance”, Harvard Business Review, Vol. 70, No. 1. Kangas, P., Toivonen, S. & Bä A. (2007) “Ads by Google and Other Social Media ck, Business Models”, VTT Tiedotteita- Research Notes 2384. Kaplan, A.M. & Haenlein, M. (2009) “Users of the World, Unite, The Challenges and Opportunites of Social Media”, Business Horizons, Vol.53, pp. 59-68. Kim, W., Jeong, O.R. & Lee, S.W. (2010) “On Social Web Sites”, Information System, Vol. 35, pp. 215-236. Laudon, K.C. & Traver, C.G. (2003) E-Commerce: Business, Technology, Society, Pearson / Addison Wesley, Boston. Lee, C.S., Ze, Y. & Chen, Y.G. (2001) “Structure and Components of E-Commerce Business Model”, Encyclopedia of E-Commerce, E-Government, and Mobile Commerce, pp. 10581063. Lehtimä T., Salo, J., Hiltula, H. & Lankine, M. (2009) “Harnessing Web 2.0 for Business ki, to Business Marketing- Literature Review and an Empirical Perspective from Finland”, Faculty of Economics and Business Administration, University of Oulu Working Papers, No.29. Lietsala, K., Sirkkunen, E. (2008) Social Media: Introduction to the Tools and Processes od Participatory Economy, University of Tampere, Tampere, 191. 106…

    • 34799 Words
    • 140 Pages
    Good Essays
  • Powerful Essays

    Online Advertising

    • 1966 Words
    • 8 Pages

    Exponential growth of Internet over years, technical advancements, and the need for direct communication to target audience in today’s extremely competitive and globalized business world, have made the extensive use of Online marketing strategy completely inevitable.…

    • 1966 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Internet Marketing

    • 1462 Words
    • 6 Pages

    Since its release in 1991, Internet revolution has changed the way companies do business and customers & consumers buy products. Chaffey et. al. (2003) defines Internet Marketing as the use of Internet to achieve marketing objectives and support the modern marketing concept. Internet opens a world of opportunities to the organizations as well as customers. It gives customers a much wider choice of products, services and prices from various suppliers. For organizations, it gives opportunity to widen horizons by entering new markets and offering new services thereby competing with larger business. Internet marketing may be used for business to business or business to consumer environment (Chaffey et al., 2003).…

    • 1462 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Content Marketing

    • 1138 Words
    • 5 Pages

    Beverage major Red Bull wants to recover much of its marketing costs through content sales…

    • 1138 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Content Marketing

    • 858 Words
    • 5 Pages

    If you are new to content marketing, you have come to the right place! Here are some common questions you may have.…

    • 858 Words
    • 5 Pages
    Satisfactory Essays
  • Better Essays

    Communication Strategies

    • 1292 Words
    • 6 Pages

    When I think of a digital firm, I think of a firm in which nearly all of the organization’s significant business relationships with customers, suppliers, and employees are digitally enabled and mediated just like the text states (Laudon & Laudon, 2012). The internet is also the first thing that comes to my mind and I will be the first to admit that I use it for everything. I have become very dependent upon Google. I can think of millions of digital firms. Digital firms sense and respond to their…

    • 1292 Words
    • 6 Pages
    Better Essays