Thought
Leaders
Wharton Marketing:
From an Art to a Science
From
conducting some of the first rigorous studies to analyze the
impact of advertising, to creating tools for designing new
products and services based on customer preferences, to analyzing
the impact of pricing decisions, Wharton has led the way in
applying rigorous statistical and modeling methods to the billion-dollar
decisions of marketing. These research strengths are reflected
in a wide range of Wharton
executive education programs in marketing — on topics from marketing metrics to
pricing to competitive marketing strategy.
"This is a department that focuses
on translating state-of-the-art, cutting-edge research into
decision tools that managers can use to make better decisions," said
Stephen Hoch, chairman of the Marketing Department and director
of the Jay H. Baker Retailing Initiative, in a recent article
in The Wharton Alumni Magazine.
The
rise of data from scanners and others sources has created new
opportunities to look inside
the decision processes of customers.
But unlocking these insights requires the right analytic tools
and creative methods. "With the use of scanner data and
the use of great analytics, marketing today is much more a science
than an art. The strength of this department now is in this use
of analytics," said David Reibstein, professor of marketing.
For
more on the pioneering leadership and depth and breadth of
the Wharton Marketing Department, see the full
story story in the Wharton Alumni Magazine celebrating
the department's 100-year anniversary.

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This
month's articles:
- Wharton
Fellows
Organizational architect Lars Kolind discusses the power of matching
design to the purpose of the organization.
- Thought
Leaders
Wharton's Marketing Department has combined science and art to
become the most published and cited marketing department in the world.
- In
the Classroom
Alliances are hot again, and Wharton executive education can help
increase the chances of success.
- Wharton
School Publishing
People are at the heart of great design, according to the authors of
a new book, The Design of Things To Come.
- Conferences
Wharton will sponsor the World Business Forum and World Negotiations
Forum.
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