How do we measure the impact of social media marketing

Assignment Help Marketing Management
Reference no: EM131945159

Question: Only 2 to 3 paragraphs answer following question:

Social media presence became a "must" for most companies - in what looks like a marathon-effort for collecting likes, tweets, followers, and any other form of "consumer interaction". For most social media campaigns, the end prize is still being measured in terms of volume on the above types of interactions; hence much of the effort goes into creating strategies that maximize this volume.

For instance, have a look at several highly acclaimed social media strategies as reported by Forbes (Walmart and Starbucks or Wendy's ). Ironically, at the same time, McKinsey reports that 91% of the companies included in one of their most recent surveys believe that social media has no impact on sales!

Hence a question that many (practitioners and researchers alike) are trying to answer is: How do we measure the impact of social media marketing? What types of metrics should we look at, what DOs and DON'Ts could relate to these metrics?

Reference no: EM131945159

Questions Cloud

What are other some other examples of conflicts : For instance, manufacturers might prefer that the retailer sells all the manufacturer's product, while the retailer prefers to only sell products.
Design an internet of things solution for a specific company : Design an internet of things solution for a specific company (your company may be real or fictional).
Prepare journal entry to record capitalization of interest : Prepare the journal entry to record the capitalization of interest and the recognition of interest revenue and interest expense, if any, at December 31, 2017
Relationship between gre total scores and gpas : Peradventure that a researcher asks the question "Is there a relationship between GRE total scores and GPAs in the master's programs in electrical engineering?
How do we measure the impact of social media marketing : How do we measure the impact of social media marketing? What types of metrics should we look at, what DOs and DON'Ts could relate to these metrics?
Economies operate within floating exchange-rate regime : Many developed economies operate within a floating exchange-rate regime.
Why might management opt for other than the choice : Strategically thinking, why might management opt for other than the most economical choice?
Objective of improving the process for serving customers : A bank with a branch located in a commercial district of a city has the business objective of improving the process for serving customers
Building a new residential development in oxfordshire : Coursework: AutoCAD Portfolio - Draw up the WC and Bathroom as a block to place into the floor plan - there are very specific HQI and Lifetime Homes guidelines

Reviews

Write a Review

Marketing Management Questions & Answers

  Integrated marketing communication

Developing an IMC plan of Amazon that aims to create awareness and knowledge amongst Singaporean  consumers of the ethics involved in buying clothing made from Bangladeshi factories  .

  Multiple choice questions on e-commerce

The assignment in Computer Science or Information Technology is about multiple choice questions, particularly in e-commerce. Questions such as types of e-commerce websites, commercial websites, disintermediation, Platform for Piracy, the data that ca..

  Balanced scorecard for red lobster

The assignment in marketing is about Red Lobster, which is one US and Canada's most loved seafood restaurant. It has hundreds of outlets in US and Canada and it now wants to expand further. The approach adopted by Red Lobster has been discussed in fu..

  Marketing plan - marketing audit, swot and smart report

The assignment in marketing is about preparing a marketing plan. As part of marketing plan, the SWOT analysis, assessing the competitive position, identifying critical competitive issues, marketing objectives, strategy and actions have been suggested..

  Marketing plan

Marketing deals with preparing a marketing plan for either an existing product or a new product. Various aspects about launching a new product into the market are discussed ranging from the industry the product belongs to, goals and vision of the com..

  Yamato corporation analysis - harvard case study

Please refer to the PDF for the Case Study and questions.The case study from Harvard Business School is about Yamato Corporation, a parcel delivery company which provides door to door delivery in Japan.

  Marketing plan - create a new product

The assignment in marketing is about competitive analysis for a new product namely "heated insoles". These heated insoles can be put in shoes and they can protect the wearer's feet by keeping them warm during cold winters.

  Report on digital marketing strategy for a website

Promotion strategies of  the one's own developed website

  Integrated marketing campaign of mccafe

Integrated marketing campaign for McDonald's McCafe. McCafe has been launched in Canada. This is a case study which involves the use of digital marketing and social media marketing apart from regular marketing such as TV and radio. All these more are..

  New product development at adidas

In this paper, the researcher also determines the different kind of practices used by Adidas to manufacture shoes for its customers.

  Managing services in competitive environment

Services can be defined as separately identifiable, intangible activities which provide want-satisfaction when marketed to household consumers and/or industrial users.

  Prepare a marketing plan

A marketing plan is an essential tool for any marketer, providing direction for a brand, product or organization. A marketing plan describes the marketing environment, marketing objectives and marketing strategies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd