Sitemap Careers Contact Us
Saturday, July 31, 2010
Subscribe to RSS Feeds Subscribe to RSS Feeds
Member's Login
Username:
Password:
Forgot Password     Register With Us
Quick Car Finder
Top 10
1 Honda Accord 3.5L 5A
2 Cadillac CTS 3.7L
3 Dodge Charger 5.7L V8
4 Lamborghini Gallardo 5.0L
5 Aston Martin DB9 5.9L
6 Mazda 6 2.3L
7 Audi Q7 4.2L
8 BMW 5 Series 3.0L
9 Cadillac Escalade 6.2L
Most Search Tag
home search news & articles events features upcoming blogs tips & advices
spacer
News Details
Jeep(R) Leverages Organic's Marketing Intelligence to Predict Retail Sales Within 1 Percent
Monday, March 23, 2009 Avg. Reading Time: 2 Min, 30 Seconds
Organic, a leading digital communications agency, today announced the results of its predictive econometric modeling capabilities from its year-long program with Jeep(R). Organic's Marketing Intelligence practice has taken traditional modeling and measurements to the next level by evaluating information from a much broader set of inputs and continuously optimizing the marketing spend to enhance the Jeep brand's return on investment (ROI). As a result, Organic's optimization and prediction capabilities delivered a 15 percent savings, which when implemented, returned $17 million in marketing value.

Potentially of greater impact to the Jeep brand's business, while looking at the media spend across all channels, Organic was able to predict total retail sales for Jeep within 1 percent of actual numbers in 2008, despite tremendous turbulence in the overall economic market.

"Organic's econometric modeling transformed our approach to evaluating data, from a 'rear view mirror' report into a 'reliable projection tool' that helps Chrysler control marketing spend and manage ROI," said Chuck Sullivan, Director, Interactive, Chrysler LLC. "This kind of visibility and insight is extremely important to us. We are now able to optimize marketing spend in a way we didn't think was possible."

"Organic is ushering in a new age of marketing intelligence," said Steve Kerho, Vice President of Analytics, Media and Optimization, Organic. "With unprecedented accuracy, we were able to determine the best spending levels to reach optimum sales given the economic environment for Jeep. Where industry 'norms' predict retail sales averages between 10- 15 percent, we were delighted at our ability to predict within 1 percent of actual numbers."

How Organic Optimized the Marketing Mix to Drive Efficiency and Forecast Retail Sales

Organic initially tackled Chrysler's disparate, dealer-centric models and customized its analytics and search capabilities to uncover inefficiencies within the marketing spend. The Organic team collected custom data from a wide variety of sources (real-time, dealer, corporate, offline, online, environmental and batch feeds) into one consolidated data model.

Realizing the power of this approach, Jeep and Organic worked together to create a series of proprietary algorithms to predict business success based on multiple variables in the sales ecosystem. These variables spanned the spectrum of data sources from something as precise as web clicks, all the way to macro-economic factors such as housing starts, the value of the dollar, gasoline prices and inflation. This insight gave the Jeep management team the ability to optimize the overall media spend, as well as spending by media channel, to achieve marketing and sales objectives. The team continually optimizes marketing spend based on any new information, and as a result, the brand's advertising programs are now operating at unprecedented levels of efficiency.

In addition to the Jeep brand, Organic has extended its analytics capabilities to Dodge and Chrysler, as well as other clients. "For any retail business - from banking to automotive to entertainment - the online channel can be remarkably telling about the state of the business if you know how to optimize the data appropriately," said Kerho.

"This kind of insight is truly a dream come true for today's CMO," added Kerho. "In today's roller coaster ride of an economy, marketers need not just any data, but data that can be interpreted and integrated in a way that brings meaningful and immediate benefit to the business."

About Organic, Inc.
Organic is a leading digital communications agency that uses a consumer-empathy-based approach, combined with a holistic view of the digital landscape, to design and build exceptional interactive experiences that effectively engage and persuade customers. Founded in 1993, Organic has offices in New York, San Francisco, Los Angeles, Detroit, and Toronto. Adweek ranked Organic as the number one interactive agency in their 2007 interactive agency report card. Organic is a part of Omnicom Group Inc.

User Ratings : 0 out of 10
          
  (Rate this news by clicking on the stars) 
Press Release
Monday, March 23, 2009 at 8:22 AM UAE local time (GMT+4)
News Options
Browse other stories Next News
Today's Most Read
Daimler Supervisory Board nominated shareholders
Luxury Uncompromised in Current Economic Times
Summer Driving Tips for a Safe Traveling Season
LOMBARDINI, DEUTZ & PERKINS diesel engines and their spare parts.
Audi S5 arrives in Kuwait
Most Read News in the last week
Daimler Supervisory Board nominated shareholders
Urban Cruiser & IQ Proving a Real Hit at Pentagon Toyota
See the All-New 2010 Z4 at Shelly BMW
SHOP 'n SAVE Supports Pittsburgh Vintage Grand Prix for 9th Year
2010 New Car Premier Event – Ford of Ocala
View All
Thank you, and keep the comments coming!
----------------------------------------------------------
Title*
Comments*
Name*
Location
reset
Latest Stories
LOMBARDINI, DEUTZ &...
LOMBARDINI, DEUTZ & PERKINS engines and their spare parts....
Japan May Require Minimum...
The Japanese government is considering the introduction of...
Urban Cruiser & IQ Proving...
Toyota has always excelled in finding that dynamic match...
SHOP 'n SAVE Supports...
Gentlemen…and ladies… start your engines" for the annual...
Saga Car Insurance...
Let us introduce Hypermiling - the new kind of motoring...
View All: News | Articles
What's your Opinion?
How much do you spend on fuel each month?





New Arrivals
Hatchback
Base
Minivan / Van
Base
Minivan / Van
Base
Sedan
Base
Current Events
Advertisement

home | search | news & articles | events | features | upcoming | blogs | tips and advice | classified carz
about us | sitemap | careers | privacy policy | terms of use | feed back | contact us

All Rights Reserved ©  carzunlimited.com an aim168.com company