September 2018
Intermediate to advanced
392 pages
10h 16m
English
Example
In an effort to drive sales, an automobile manufacturer launched a marketing campaign to draw more customers to its showrooms and thus increase car sales. The campaign encouraging free test rides seemed a big success, substantially increasing customer visits. Indeed, the metric indicating the number of visits per day went up by 20 per cent. The number of sales, however, did not increase. Dealers offered the company an important explanation: ‘A lot more people are visiting the showroom, but most are 17- or 18-year-old boys, and they aren’t going to be buying.’ This example illustrates how you may get a good result on a misleading metric ...
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