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Data-Driven Business Models

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ISBN-10: 0324222335

ISBN-13: 9780324222333

Edition: 2005

Authors: Alan Weber

List price: $62.95
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Using measured performance has become a favorite topic of seminars and articles in the trades and business press. This means how you view, develop and run your business ? using all of the data available to do that ? and how to model and to continuously reinvent that business to meet the needs of current customers and identify and capitalize on new profitable opportunities. Theoretically, every business should be concerned about this subject. But, in general, the idea of business models has become a matter of concern and interest for most companies beyond the level of small business ? over $50 or $100 million in annual sales up through the Fortune 100.
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Book details

List price: $62.95
Copyright year: 2005
Publisher: Cengage South-Western
Publication date: 7/28/2005
Binding: Hardcover
Pages: 288
Size: 6.25" wide x 9.25" long x 1.25" tall
Weight: 1.408
Language: English

Preface
Business Models: What They Are, How They Work, Why They Are Important
Elements of a Business Model
Business Modeling and Business Models
Fact-Based Decision Making
Cross-Silo Cooperation
Types of Business Models
Four Basic Business Model Structures
Autonomous Business Models
Business Models in the Environment
Creating and Competing with Business Models
Understanding the Internal Culture
Describing the Unique Value Proposition (UVP)
Information Flow Within the Business Model
Defining Which Behaviors Can Be Measured
Describing the Customers
Profiling
Mapping as a Profile Tool
Profit-Based Segmentation
Predictive Modeling
Descriptive Modeling
Multi-Channel Profiling
Overlay Data
Survey Data
Learning from Our Customers
Describing What Customers Do
Tracking Behavior
Measuring Lift
Break-Even(s)
Case Study: Variable Break-Even
Profitability by Campaign
Case Study: Profitability by Campaign
Predictive Modeling
Advocates, Buyers, and Tryers
RFM vs. RFA Analyses
Case Study: Recency-Frequency-Average Order (RFA)
Quantifying Customer Behavior
Lifetime Value
Case Study: Lifetime Value
Customer Value
Customer Value Index
Action Based on a Customer Value Index
Building Customer Data Files
The Progression of an Analysis
Merge/Purge Is the Foundation
Data Checks
Relational Versus Flat Databases
Data Format Versus Data Content
Different Data Sources Equal Different Data Meanings
Realistic Time-Frames
Case Study: Business-to-Business Medical Equipment Manufacturer
Case Study: Consumer Cataloger
Rapid Development Approach
Building a Contact Strategy
Segmentation Is Tactical; Marketing Is Strategic
Segmentation by Frequency of Contact
Understanding House File Segmentation
Who Should Be Contacted?
What Makes Segments Different?
What Offers Are Likely to Be Appropriate?
Which Customers Are Likely to Be Most Valuable?
When Should Contacts Be Made?
Where Do Best Customers Come From?
Which Media Are Most Effective in Making Contacts?
House File Inventory
Quantifying the House File Inventory
Building Budgets and Sales Projections Using the House File Inventory
The Process of Building a Business Model
Building a Team
Top Management as Director
Investors
Facilitators
Internal Lead Roles
Support Roles
Employees' Personal and Professional Strengths
Business Model Situation Analysis
Initial Review
Employ Database Marketing Methodology
Load Data
Data Check
Data Hygiene
Set Data Dictionary
Create Reports Describing the Data
Data Mining
Exploring and Defining Relationships
Create Descriptive Statistics
Predictive and Descriptive Modeling
Create Final Report Set and Define Update Report Set
Develop and Implement Strategy Based on Findings
Adjustment Period and Scheduled Updates
Application Development
Changing the Business Model
The Pressure for Change
Hysteresis
Adoption Hurdles
Disruptive Technology
Disruptive Competition
Disruptive Marketplace
The Importance of Management Push
Obstacles to Change
Pressure for Immediate Success
Organization Charts Reflect Strategy
Managing Rewards and Measurements
Agents of Change Versus Agents of Inertia
Knowledge of the Business of the Enterprise Is Key
Driving Change
Organic Growth
Partnering
Acquisition
Creating a Subsidiary
Divestment
Specialization
New Media Channels
New Sales Channels
New Constituent Relationships
Consummating the Sale
Pricing
Case Studies
How Profiling Changed a Business Model
How Cluster Analysis Changed a Business Model
How Profit-Based Segmentation Changed a Business Model
How Predicative Modeling Improved Subscription Marketing Effectiveness
Index