Marketing science

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Marketing science is a field That approaches marketing – the understanding of customer needs, and the development of approaches qui by They Might Be Fulfilled – Predominantly through scientific methods , and tools Rather than through technical common with research in the arts or in humanities .

The field of marketing science, in the pursuit of “truths” in marketing, is related to, but more general than marketing research , which is oriented toward a specific product, service or campaign.

Before marketing science has been formally labeled, its activity appears as a management science within the marketing framework. [1] The interaction between academics and practitioners in marketing science dates back to 1961, with the founding of the Marketing Science Institute . Interest in marketing science as a field Grew in the late 1980s and early 1990s as electronic Point-of-sale data Grew and barcode readers led to a “revolution marketing information.” [2]

Before conferences were organized with a “marketing science” label, four meetings were convened as “Market Measurement and Analysis” conferences from 1979 to 1982, sponsored by The Institute of Management Sciences and the Operations Research Society of America . [3] The first officially labeled Marketing Science Conference was hosted by the School of Management at UCLA in 1983.

Marketing science and Big Data

The marketing profession has long relied on data. Purpose as the data flood gets bigger, progressive marketers are turning to big data analysis methods as well as systematic observation, testing and measurement to broad study behavioral patterns , drill down from the aggregate to the individual and Produce new insights That Improve business outcomes.

References

  1. Jump up^ David B. Montgomery, 2001. “Management Science in Marketing: Prehistory, Origin and Early Years of the INFORMS Marketing College.” Marketing Science 20 (4): 337-348. doi:10.1287 / mksc.20.4.337.9762.
  2. Jump up^ Robert C. Blattberg, Rashi Glazer and John DC Little, eds. 1994. The Marketing Information Revolution. Boston Mass .: Harvard Business School Press.
  3. Jump up^ Dick R. Wittink 2001. “Market Measurement and Analysis: The First ‘Marketing Science’ Conference.” Marketing Science 20 (4): 349-356. doi:10.1287 / mksc.20.4.349.9758.