Agent based modeling and MarketSim

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Growing business through strategic understanding of consumer response 1

description

Agent-based modeling and marketSim can help brands and marketers build strategic and tactical marketing plans to drive more revenue, profit, brand and share.

Transcript of Agent based modeling and MarketSim

Page 1: Agent based modeling and MarketSim

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Growing business through strategic understanding of

consumer response

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Strategic & tactical marketing decision-

making mustfocus on

howconsumers

make purchase decisions

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Purchase

Inertia

Purchase Intent

Brand perception

Drivers of consumer purchase behavior

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Purchase

Inertia

Purchase Intent

Brand perception

Drivers of consumer purchase behavior

Products

Pricing

Media

Store

Shopping

Competitors

Social

External factors

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Consumers

Competitors

External Influences

Short v Long term

Analysis

Data

Budget

Many dimensions of marketing decision-making

?

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Launch new productsBuild strategic marketing plansImprove mix and flighting

Product P

rice

Place

Promotion

Deliver more revenue, profit, brand & share

MIX

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• Drive long term strategic change in marketing decision-making methods

• Provide training to over 2,000 senior marketers, globally

• Build consumer centric software (MarketSim)

North America

Russia

Malaysia

Hong Kong

Vietnam

Kenya

Strategic decision-making support Global experience

Sri Lanka

Singapore

Japan

Morocco

Indonesia

Tanzania

ProRelevant

+1 404-816-4344, Atlanta, USA

+65 9185-6443, Singapore

www.ProRelevant.com