Navigating new marketing technologies, channels and metrics
Petra Leonora Cvitanović ()
No 1902, EFZG Working Papers Series from Faculty of Economics and Business, University of Zagreb
Modern technologies in all industries are drastically changing the behaviour of the consumers as well as their purchasing patterns. Companies are directing their marketing investment resources into mobile and online while the traditional marketing channels slowly become less effective because of the new generation of consumers and more effective targeting possibilities. New retail technologies offer many possibilities for reaching consumers directly through their mobile phones when they are in the store. A variety of marketing analytics tools helps the companies to measure marketing performance in both online and mobile channel. The goal of this paper is to analyse the advantages of today’s marketing technologies, marketing channels and marketing metrics and to identify some of the difficulties which companies face in navigating them. The conclusion is that companies which resist to use new technologies, channels and metrics are only hurting their business in the long run. Research methodology includes study of literature and scientific articles on digital marketing and researching YouTube videos on retail and mobile marketing.
Keywords: new marketing technologies; multi-channel marketing; marketing analytics metrics; new generation of consumers; the future of marketing (search for similar items in EconPapers)
JEL-codes: M30 M31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mkt and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:zag:wpaper:1902
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