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A leading consumer brand seeking to develop a comprehensive understanding of the success of its promotional activity. |
Challenge: Develop a replicable process for quantifying program success, calculating ROI, and understanding impact on overall business objectives.
Rand Inc. Solutions:
- Mapped promotional programming from beginning to end,identifying 18 key measurement points throughout promotion sell-in and execution
- Determined causal factors for success and failure at key points in process
- Identified or developed data sources for measurement of success at each stage
- Collected data and built detailed program analysis process
- Built a replicable process designed to create benchmarks and triggers throughout program execution
- Recommended solutions for greater success in future programs
Results:
- A new perspective on how to evaluate program success
- New tools for understanding key performance indicators throughout the process
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