\documentclass[10pt,a4paper]{article} % Packages \usepackage{fancyhdr} % For header and footer \usepackage{multicol} % Allows multicols in tables \usepackage{tabularx} % Intelligent column widths \usepackage{tabulary} % Used in header and footer \usepackage{hhline} % Border under tables \usepackage{graphicx} % For images \usepackage{xcolor} % For hex colours %\usepackage[utf8x]{inputenc} % For unicode character support \usepackage[T1]{fontenc} % Without this we get weird character replacements \usepackage{colortbl} % For coloured tables \usepackage{setspace} % For line height \usepackage{lastpage} % Needed for total page number \usepackage{seqsplit} % Splits long words. %\usepackage{opensans} % Can't make this work so far. Shame. Would be lovely. \usepackage[normalem]{ulem} % For underlining links % Most of the following are not required for the majority % of cheat sheets but are needed for some symbol support. \usepackage{amsmath} % Symbols \usepackage{MnSymbol} % Symbols \usepackage{wasysym} % Symbols %\usepackage[english,german,french,spanish,italian]{babel} % Languages % Document Info \author{tativio} \pdfinfo{ /Title (mark-301-final-tatiana-violonchi.pdf) /Creator (Cheatography) /Author (tativio) /Subject (MARK 301 Final - Tatiana Violonchi Cheat Sheet) } % Lengths and widths \addtolength{\textwidth}{6cm} \addtolength{\textheight}{-1cm} \addtolength{\hoffset}{-3cm} \addtolength{\voffset}{-2cm} \setlength{\tabcolsep}{0.2cm} % Space between columns \setlength{\headsep}{-12pt} % Reduce space between header and content \setlength{\headheight}{85pt} % If less, LaTeX automatically increases it \renewcommand{\footrulewidth}{0pt} % Remove footer line \renewcommand{\headrulewidth}{0pt} % Remove header line \renewcommand{\seqinsert}{\ifmmode\allowbreak\else\-\fi} % Hyphens in seqsplit % This two commands together give roughly % the right line height in the tables \renewcommand{\arraystretch}{1.3} \onehalfspacing % Commands \newcommand{\SetRowColor}[1]{\noalign{\gdef\RowColorName{#1}}\rowcolor{\RowColorName}} % Shortcut for row colour \newcommand{\mymulticolumn}[3]{\multicolumn{#1}{>{\columncolor{\RowColorName}}#2}{#3}} % For coloured multi-cols \newcolumntype{x}[1]{>{\raggedright}p{#1}} % New column types for ragged-right paragraph columns \newcommand{\tn}{\tabularnewline} % Required as custom column type in use % Font and Colours \definecolor{HeadBackground}{HTML}{333333} \definecolor{FootBackground}{HTML}{666666} \definecolor{TextColor}{HTML}{333333} \definecolor{DarkBackground}{HTML}{3987A3} \definecolor{LightBackground}{HTML}{F2F7F9} \renewcommand{\familydefault}{\sfdefault} \color{TextColor} % Header and Footer \pagestyle{fancy} \fancyhead{} % Set header to blank \fancyfoot{} % Set footer to blank \fancyhead[L]{ \noindent \begin{multicols}{3} \begin{tabulary}{5.8cm}{C} \SetRowColor{DarkBackground} \vspace{-7pt} {\parbox{\dimexpr\textwidth-2\fboxsep\relax}{\noindent \hspace*{-6pt}\includegraphics[width=5.8cm]{/web/www.cheatography.com/public/images/cheatography_logo.pdf}} } \end{tabulary} \columnbreak \begin{tabulary}{11cm}{L} \vspace{-2pt}\large{\bf{\textcolor{DarkBackground}{\textrm{MARK 301 Final - Tatiana Violonchi Cheat Sheet}}}} \\ \normalsize{by \textcolor{DarkBackground}{tativio} via \textcolor{DarkBackground}{\uline{cheatography.com/171749/cs/36063/}}} \end{tabulary} \end{multicols}} \fancyfoot[L]{ \footnotesize \noindent \begin{multicols}{3} \begin{tabulary}{5.8cm}{LL} \SetRowColor{FootBackground} \mymulticolumn{2}{p{5.377cm}}{\bf\textcolor{white}{Cheatographer}} \\ \vspace{-2pt}tativio \\ \uline{cheatography.com/tativio} \\ \end{tabulary} \vfill \columnbreak \begin{tabulary}{5.8cm}{L} \SetRowColor{FootBackground} \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Cheat Sheet}} \\ \vspace{-2pt}Not Yet Published.\\ Updated 13th December, 2022.\\ Page {\thepage} of \pageref{LastPage}. \end{tabulary} \vfill \columnbreak \begin{tabulary}{5.8cm}{L} \SetRowColor{FootBackground} \mymulticolumn{1}{p{5.377cm}}{\bf\textcolor{white}{Sponsor}} \\ \SetRowColor{white} \vspace{-5pt} %\includegraphics[width=48px,height=48px]{dave.jpeg} Measure your website readability!\\ www.readability-score.com \end{tabulary} \end{multicols}} \begin{document} \raggedright \raggedcolumns % Set font size to small. Switch to any value % from this page to resize cheat sheet text: % www.emerson.emory.edu/services/latex/latex_169.html \footnotesize % Small font. \begin{multicols*}{4} \begin{tabularx}{3.833cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Customer Journey}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{CX}}: subjective response customers have with company} \tn % Row Count 2 (+ 2) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Touchpoints}}: instances of interaction w/ product/service} \tn % Row Count 4 (+ 2) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Customer Journey}}: sum of experiences that customers go through when interacting with brand/company. \textasciicircum{}anticipate behaviors, understand path to purchase, track emotions, expectations, points of friction, channel/touchpoint interactions\textasciicircum{}} \tn % Row Count 9 (+ 5) % Row 3 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{CX should be adopted by the company as a whole and can lead to strong competitive advantage} \tn % Row Count 11 (+ 2) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Personalization}}: personalized service \textasciicircum{}knowing customer, alert to needs, tailored experience\textasciicircum{}} \tn % Row Count 13 (+ 2) % Row 5 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Integrity}}: build trust in customers \textasciicircum{}company = customers best interest, reliable\textasciicircum{}} \tn % Row Count 15 (+ 2) % Row 6 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Resolution}}: speedy problem fixes} \tn % Row Count 16 (+ 1) % Row 7 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Time \& Effort}}: convenience of customer transaction \textasciicircum{}seamless journeys\textasciicircum{}} \tn % Row Count 18 (+ 2) % Row 8 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Empathy}}: company goes extra mile} \tn % Row Count 19 (+ 1) % Row 9 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Automation}}: digitization of journey \textasciicircum{}customer can do tasks that were done manually in-person, essential foundation to sticky journey\textasciicircum{}} \tn % Row Count 22 (+ 3) % Row 10 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Proactive Personalization}}: use data to customize \textasciicircum{}optimize next steps in journey\textasciicircum{}} \tn % Row Count 24 (+ 2) % Row 11 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Contextual Interaction}}: tech. interactions at key moments \textasciicircum{}understand why customers are on their journey\textasciicircum{}} \tn % Row Count 27 (+ 3) % Row 12 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Journey Innovation}}: identify new sources of value \textasciicircum{}ongoing experimentation, analysis of customer needs\textasciicircum{}} \tn % Row Count 30 (+ 3) \end{tabularx} \par\addvspace{1.3em} \vfill \columnbreak \begin{tabularx}{3.833cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Customer Journey (cont)}} \tn % Row 13 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Collaborate}} with new \seqsplit{entrants-substitutes-customers-competitors-suppliers}} \tn % Row Count 2 (+ 2) % Row 14 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Flexible Need Point Journey}}: company understand customer needs \textasciicircum{}to make decisions that achieve purpose, address need at all touchpoints\textasciicircum{}} \tn % Row Count 5 (+ 3) % Row 15 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{CPI}}: customer performance indicators \textasciicircum{}better CPI = better KPI\textasciicircum{}} \tn % Row Count 7 (+ 2) % Row 16 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\emph{*Success}}: were customers able to accomplish purpose} \tn % Row Count 9 (+ 2) % Row 17 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Effort}}: was the interaction easy} \tn % Row Count 10 (+ 1) % Row 18 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Emotion}}: how the customer felt in end \textasciicircum{}ideally delight = loyalty\textasciicircum{}} \tn % Row Count 12 (+ 2) % Row 19 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Customer Engagement}}: emotional/psychological attachment to brand} \tn % Row Count 14 (+ 2) \hhline{>{\arrayrulecolor{DarkBackground}}-} \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Customer Journey and CX are the basis to all the other MARK 301 concepts} \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{3.833cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Retailing}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Omnichannel}}: integrations of different shopping channels into a seamless system {\bf{requirement for BUSN survival}}\textasciicircum{}phone, online-shopping, in-store, delivery, offline behaviors\textasciicircum{}} \tn % Row Count 4 (+ 4) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Omnichannel Issues}}: UC understanding what to prioritize (lack of internal alignment, funding divergent priorities), Focus on tech over value (differentiation with costly items, company focused, neglect customer needs), Failure to invest in line w/ strategy (don't identify strategies at each step, eager to beat competition, fragmented investments = destroy value)} \tn % Row Count 12 (+ 8) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Companies should use R\&D to discover where their value lies before expanding their omnichannel / each omnichannel requires distinct foundational capabilities} \tn % Row Count 16 (+ 4) % Row 3 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{Assessing customer needs and finding products that answer CX reduces risk and secures future} \tn % Row Count 18 (+ 2) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Retailing}}: all activities involved in selling products/services to final consumers} \tn % Row Count 20 (+ 2) % Row 5 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Shoppers MARK}}: entire MARK process focused on turning shoppers into buyers \textasciicircum{}focused on CX and journey efforts\textasciicircum{}} \tn % Row Count 23 (+ 3) \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{3.833cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Retail Decision Strategy}} \tn \SetRowColor{LightBackground} \mymulticolumn{1}{p{3.833cm}}{\vspace{1px}\centerline{\includegraphics[width=5.1cm]{/web/www.cheatography.com/public/uploads/tativio_1670898544_Screenshot_20221204_101323.png}}} \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Retailers must first define their target markets and then differentiate/position \textasciicircum{}upscale, product variety\textasciicircum{}. Until retailers define \& profile their markets they can't focus on price, advertising, online/mobile sites, etc.} \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{3.833cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Retailers Decision Def.}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Product and Service Assortment}} - Product Assort differentiate while matching customers expectations \textasciicircum{}variety that retailer stocks, specialty (IKEA), departments (Bloomindale's), supermarket (Walmart), category killer (Home Depot)\textasciicircum{}} \tn % Row Count 5 (+ 5) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{-Service Mix \textasciicircum{}DIFM or DIY, self-service, limited service, full service\textasciicircum{}} \tn % Row Count 7 (+ 2) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{-Store Atm: unique in-store CX \textasciicircum{}suits target market and enhances {\bf{brand}} positioning\textasciicircum{}} \tn % Row Count 9 (+ 2) % Row 3 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Prices}}: high-markups on lower volume or vice versa \textasciicircum{}fit assort., competition, econ. factors\textasciicircum{}} \tn % Row Count 11 (+ 2) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Promotion}}: combo of advertising, personal selling, sales promotion, PR and direct/social media MARK. \textasciicircum{}special events, blogs, mobile apps, email, digital = personalized offers {\bf{CX}}\textasciicircum{}} \tn % Row Count 15 (+ 4) % Row 5 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Place}}: locations accessible to target markets \textasciicircum{}shopping center = group of retailers in one location managed as unit\textasciicircum{} All efforts must match positioning} \tn % Row Count 19 (+ 4) \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{3.833cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Digital MARK}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Digital MARK}}: any form of MARK online \textasciicircum{}consumers depend on DM to learn about brands\textasciicircum{}} \tn % Row Count 2 (+ 2) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{Digital MARK uses numerous digital tactics \& channels to connect with customers ({\bf{omnichannel}})} \tn % Row Count 4 (+ 2) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{DM=targets large audiences \& prospects \textasciicircum{}gender, location, age\textasciicircum{}, measurable \textasciicircum{}analytics in real-time\textasciicircum{}, cost-effective} \tn % Row Count 7 (+ 3) % Row 3 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Attribution Modelling}}: ID trends in the way ppl buy/research product} \tn % Row Count 9 (+ 2) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{DM and online channels allow you to follow entire CJ} \tn % Row Count 11 (+ 2) % Row 5 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{Social Media \textasciicircum{}connect w/ users \& communicate brand\textasciicircum{}, Content MARK \textasciicircum{}generate brand awareness\textasciicircum{}, Inbound \textasciicircum{}attract customers at every stage of CJ\textasciicircum{}} \tn % Row Count 14 (+ 3) % Row 6 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Digital Engagement}}: what content drives most visibility \textasciicircum{}understand audience\textasciicircum{}} \tn % Row Count 16 (+ 2) % Row 7 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{CTR}}: \% of clicks on link that generated impressions \textasciicircum{}ppl taking action\textasciicircum{}} \tn % Row Count 18 (+ 2) % Row 8 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Conversion Rate}}: tells if funnel is success (CJ follow-through) \textasciicircum{}how many leads were converted to buyers\textasciicircum{}} \tn % Row Count 21 (+ 3) % Row 9 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Keyword Rank.}}: favorable online with SEO} \tn % Row Count 22 (+ 1) % Row 10 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Customer Aqc. Cost}}: tot. amount to turn user to customer \textasciicircum{}most important KPI\textasciicircum{}} \tn % Row Count 24 (+ 2) % Row 11 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Metaverse}}: innovative{\bf{CJ}}, real-time-virtual identities, brand engagement {\bf{branding}}{\emph{omnichannel}}*} \tn % Row Count 27 (+ 3) % Row 12 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Awareness}}: branded content strategies \textasciicircum{}Appeal to audience\textasciicircum{}} \tn % Row Count 29 (+ 2) % Row 13 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Consideration}}: compared to competitors} \tn % Row Count 30 (+ 1) \end{tabularx} \par\addvspace{1.3em} \vfill \columnbreak \begin{tabularx}{3.833cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Digital MARK (cont)}} \tn % Row 14 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Intent}}: resources are being browsed} \tn % Row Count 1 (+ 1) % Row 15 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Purchase}}: your product being bought} \tn % Row Count 2 (+ 1) % Row 16 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{\textasciicircum{}must always understand the need of customers\textasciicircum{}} \tn % Row Count 3 (+ 1) \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{3.833cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Pricing}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Value Mindset}}: No focus on cost but focus on creating value for customer} \tn % Row Count 2 (+ 2) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Objective Value}}: TEV, measure of benefits\textasciicircum{}to consumers, theoretical value\textasciicircum{}} \tn % Row Count 4 (+ 2) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Perceived Value}}: Value customer sees in product \textasciicircum{}surveys=extra price sensitive consumer\textasciicircum{}} \tn % Row Count 6 (+ 2) % Row 3 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Elements of Value}}: rooted in hierarchy of need \textasciicircum{}higher elements=higher value=higher pricing\textasciicircum{}} \tn % Row Count 8 (+ 2) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Companies should focus on improving elements from aligned with their core value} \tn % Row Count 10 (+ 2) % Row 5 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Price Customization}}: creating different circumstances to sell at different prices\textasciicircum{}product line, availability, category knowledge, taste\textasciicircum{}\textasciicircum{}} \tn % Row Count 13 (+ 3) % Row 6 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Firm should price beneath/equal to perceived value and above COGS. This pricing "creates" value} \tn % Row Count 15 (+ 2) % Row 7 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{Price sensitivity is greater in high-cost items and when the user is responsible for costs} \tn % Row Count 17 (+ 2) % Row 8 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Competition-Based, Cost-Plus, Dynamic, Freemium, High-Low, Hourly, Skimming, Penetration, Premium, Project-Based, Value-Based, Bundle, Psychological, Geographic} \tn % Row Count 21 (+ 4) % Row 9 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{company prices a solution}}\textasciicircum{}create value for customer to be willing to pay\textasciicircum{}} \tn % Row Count 23 (+ 2) \hhline{>{\arrayrulecolor{DarkBackground}}-} \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Companies should change pricing when they have the knowledge to do so} \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{3.833cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Branding}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Brand}}: sellers promise to deliver consistent features, benefits services to buyer \textasciicircum{}logo, personality, packaging\textasciicircum{}} \tn % Row Count 3 (+ 3) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Brand Culture}}: Meaning others assign to your brand and the story being told} \tn % Row Count 5 (+ 2) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Brand is the meaning/emotion associated with a product or company {\bf{brand engagement CJ}}} \tn % Row Count 7 (+ 2) % Row 3 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Brand Equity}}: a set of assets linked to a brand that +/- value provided by product/service to firm \& customers} \tn % Row Count 10 (+ 3) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{good branding = buyers confidence in purchase decision, cleaner interpretation \& easier processing of info, higher satisfaction. Corporate = increases effectiveness MARK programs, enhances brand loyalty, higher prices and margins, leverage with distribution channels, significant competitive advantage} \tn % Row Count 17 (+ 7) % Row 5 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Value Proposition}}: statement of functional, emotional, and self-expressive benefits delivered by brand \& provide customer value} \tn % Row Count 20 (+ 3) % Row 6 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Brand Association}}: mental connection between brand and concept \textasciicircum{}soft = Cotonelle\textasciicircum{}} \tn % Row Count 22 (+ 2) % Row 7 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Brand Position}}: part of brand identity/value communicated to target audience} \tn % Row Count 24 (+ 2) % Row 8 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Companies shouldn't focus on short-term promotions because it devalues brand and decreases customer loyalty} \tn % Row Count 27 (+ 3) % Row 9 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Consideration}}: media=reduce the \# of products consumer considers} \tn % Row Count 29 (+ 2) % Row 10 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Evaluate}}: input from various external sources to sift} \tn % Row Count 31 (+ 2) \end{tabularx} \par\addvspace{1.3em} \vfill \columnbreak \begin{tabularx}{3.833cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Branding (cont)}} \tn % Row 11 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Buy}}: point of purchase using 4Ps and sales interactions} \tn % Row Count 2 (+ 2) % Row 12 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Enjoy}}: deeper connection created after purchase \textasciicircum{}this step wasn't included in old metaphor\textasciicircum{}} \tn % Row Count 4 (+ 2) % Row 13 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Marketers should target phases in decision CJ} \tn % Row Count 5 (+ 1) % Row 14 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{{\bf{Customer Lifestyle}}: sum of customer interaction with environ.} \tn % Row Count 7 (+ 2) % Row 15 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{{\bf{Lifestyle MARK}}: product is perceived to possess ideals \& aspirations according to consumer wants \textasciicircum{}deeper understanding\textasciicircum{}} \tn % Row Count 10 (+ 3) % Row 16 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{Branded communities = direct access to consumers, co-create with customers, increase engagement, shape convos} \tn % Row Count 13 (+ 3) \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} \begin{tabularx}{3.833cm}{X} \SetRowColor{DarkBackground} \mymulticolumn{1}{x{3.833cm}}{\bf\textcolor{white}{Formulas}} \tn % Row 0 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Contribution {\bf{Margin}} = total rev - total variable costs \textasciicircum{}for ROMI use Margin \% if given or calculate margin\textasciicircum{}} \tn % Row Count 3 (+ 3) % Row 1 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{Unit contr. = selling price - unit variable costs} \tn % Row Count 4 (+ 1) % Row 2 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{\% Margin on SP/(100\% - \% Margin on SP) = \% Margin on Cost} \tn % Row Count 6 (+ 2) % Row 3 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{\% Margin on Cost/(100\% + \% Margin on Cost) = \% Margin on Selling Price} \tn % Row Count 8 (+ 2) % Row 4 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Fixed Costs \textasciicircum{}advertising, salaries, overhead\textasciicircum{} = Unit contribution * BEQ} \tn % Row Count 10 (+ 2) % Row 5 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{BEQ = Fixed Costs / Unit Contribution AND BEQ = Fixed Costs / (Price – Variable Costs per unit)} \tn % Row Count 12 (+ 2) % Row 6 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Profit Impact = (UC*US)-FC (-Cannibalization if any)} \tn % Row Count 14 (+ 2) % Row 7 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{CLV = Lifetime Value (LV) – Acquisition Cost (AC)} \tn % Row Count 16 (+ 2) % Row 8 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{LV = Customer Lifetime (in months = CL) x Monthly Profit (=MP)} \tn % Row Count 18 (+ 2) % Row 9 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{Customer Lifetime (in months) = 1/monthly churn rate} \tn % Row Count 20 (+ 2) % Row 10 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{Customer Monthly Profit = Gross Margin – Assigned Costs} \tn % Row Count 22 (+ 2) % Row 11 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{AC = Acquisition Costs = Initial Costs to Acquire the Customer (i.e. usually primarily advertising and sales)} \tn % Row Count 25 (+ 3) % Row 12 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{ROMI = (Margin - Investment)/ Investment} \tn % Row Count 26 (+ 1) % Row 13 \SetRowColor{white} \mymulticolumn{1}{x{3.833cm}}{Variable Costs \textasciicircum{}manufacturing, shipping, commission\textasciicircum{}} \tn % Row Count 28 (+ 2) % Row 14 \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{→ Calculate the profit of the original product without new initiative (A); → Calculate the profit of new initiative a → Calculate the profit of the original with new initiative (C); → C-A = CANNIBALIZATION → Total PROFIT IMPACT of initiative = B + C - A} \tn % Row Count 34 (+ 6) \hhline{>{\arrayrulecolor{DarkBackground}}-} \SetRowColor{LightBackground} \mymulticolumn{1}{x{3.833cm}}{If market share is given in \$, divide by retail selling price to obtain market value in units} \tn \hhline{>{\arrayrulecolor{DarkBackground}}-} \end{tabularx} \par\addvspace{1.3em} % That's all folks \end{multicols*} \end{document}