Digital Marketing

Introduction for Data-Driven Marketing Research In the rapidly changing world of digital, companies depend on one thing — data. The marketing industry has gone from an intuition-based approach to a more structured and data-driven marketing methodology, where market research and data analysis underpin every aspect of it. Knowing how the marketing research process works will be beneficial to students who are entering the marketing field as well as for those who desire to enhance their marketing. Today’s business enterprises are heavily dependent upon marketing information and data analysis to refine their campaigns, discover marketing opportunities, and trace marketing ROI. Such developments have given birth to ai-driven marketing research and data analytics where artificial intelligence boosts the precision of predictions marketing performance. With a right marketing analysis, companies may gain a market knowledge that will enable them to take better business decision, and design mo...

Introduction One of the most popular tools that can often be found in marketing and business strategy lectures is the BCG Matrix (also known as the Growth Share Matrix or Boston Consulting Group Matrix). This matrix enables businesses to perform quick product portfolio analysis on a mass scale – deciding which products to invest in, hold, and divest. This article aims to define the concept of the BCG matrix, illustrate how it can assist in the management of a product portfolio, reference this to marketing strategy, and provide the student with examples and a series of actions to draw from. We will also include related keywords such as bcg matrix, growth share matrix, boston consulting group matrix, bcg matrix in strategic management, bcg strategy, bcg strategy framework, bcg marketing, create a bcg matrix, bcg matrix in marketing, bcg matrix example, about bcg matrix, application of bcg matrix for portfolio analysis, application portfolio matrix, bc matrix, bcg advantage matrix, bcg ...

Introduction Competition is a given in the globally evolving business world of today. Every business wants to expand, differentiate and pockets the maximum bombshell of customers. But in saturated sectors where they're all vying for the audience who is the best fit, gaining traction is tough and margins are tight. This is the premise of Red Ocean vs Blue Ocean Strategy. Conceptualized by W. Chan Kim and Renée Mauborgne, these two methodologies illustrate opposite means through which companies may compete and generate value. The Red Ocean Strategy involves competing in existing markets, while the Blue Ocean Strategy involves companies developing new, uncontested markets where the competition is rendered irrelevant. It is very important for both business and marketing students to clearly understand the concept between the Red Ocean and Blue Ocean Strategy. They’re models to help future business people and strategists see how to dissect markets, recognize opportunities, and make l...

Introduction Businesses in all industries are hyper-focused on growing in the current climate of constant change. Whether you are a small e-commerce store or a global corporation trying to connect with customers, the need to broaden your reach is never-ending. To plan such growth in a structured way, companies resort to models — and one of the best-known is the Ansoff Matrix, also referred to as the Ansoff Product-Market Matrix or Product-Market Expansion Grid. Created by Igor Ansoff in 1957, the tool assists marketers, executives, and analysts in analyzing potential growth paths through products and markets. It answers the very basic question: “How does a company grow – from within its current markets and products or by entering into new markets and products?” Because it offers a guided approach to risk and opportunity, the Ansoff Growth Model is still very relevant in today’s corporate and marketing strategies. This piece covers the framework, the four growth strategies, examples of ...