Download or read book Scale and Scope Effects on Advertising Agency Costs written by Alvin J. Silk and published by . This book was released on 1990 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: How important are economies of scale and scope in advertising agency operations? This paper reports an econometric study undertaken to address this question. Cost models are formulated which represent how the principal component of agency costs, employment level, varies according to the mix of media and services an agency provides and the total volume of advertising it produces. These models are estimated and tested cross-sectionally utilizing data pertaining to the domestic operations of 401 US agencies for 1987. The empirical evidence reported here indicates that both scale and scope economies are highly significant in the operations of US advertising agencies. We find that of the 12,000 establishments comprising the industry in 1987, approximately 200-250 had domestic gross incomes of $3.4 million or more (or equivalently, billings of $20-27 million) and therefore had service mixes and operating levels sufficiently large to take full advantage of all available size-related efficiencies. Furthermore, the overall structure of the industry is one where these large, fully efficient firms created and produced more than half of all the national advertising utilized in the US during 1987. At the same time, vast numbers of very small agencies appear to operate with substantial cost disadvantages compared to large firms as a consequence of these scale and scope economies. These findings carry important implications concerning possible future changes in the industry structure. It seems highly doubtful that scale economies could motivate further mergers among the largest 200-250 agencies. On the other hand, for small agencies, mergers and acquisitions might be attractive as means of mitigating their size-related cost disadvantages. Finally, our findings demonstrating the existence of scale and scope economies are consistent with the diminishing reliance on fixed rates of media commissions as the principal basis of agency compensation. They also cast strong doubts on size-related economies in operating costs as a viable explanation for the limited degree of vertical integration of agency services by large advertisers.
Download or read book Handbook of Industrial Organization written by Mark Armstrong and published by Elsevier. This book was released on 2007-10-05 with total page 943 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is Volume 3 of the Handbook of Industrial Organization series (HIO). Volumes 1 & 2 published simultaneously in 1989 and many of the chapters were widely cited and appeared on graduate reading lists. Since the first volumes published, the field of industrial organization has continued to evolve and this volume fills the gaps. While the first two volumes of HIO contain much more discussion of the theoretical literature than of the empirical literature, it was representative of the field at that time. Since then, the empirical literature has flourished, while the theoretical literature has continued to grow, and this new volume reflects that change of emphasis.Thie volume is an excellent reference and teaching supplement for industrial organization or industrial economics, the microeconomics field that focuses on business behavior and its implications for both market structures and processes, and for related public policies.*Part of the renowned Handbooks in Economics series*Chapters are contributed by some of the leading experts in their fields*A source, reference and teaching supplement for industrial organizations or industrial economists
Download or read book Audience Economics written by Philip M. Napoli and published by Columbia University Press. This book was released on 2003 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focusing on the electronic media--television, radio, and the Internet--Audience Economics bridges a substantial gap in the literature by providing an integrated framework for understanding the various businesses involved in generating and selling audiences to advertisers. Philip M. Napoli presents original research in order to answer several key questions: * How are audiences manufactured, valued, and sold? * How do advertisers and media firms predict the behavior of audiences? * How has the process of measuring audiences evolved over time? * How and why do advertisers assign different values to segments of the media audience? * How does audience economics shape media content? Examining the relationship between the four principal actors in the audience marketplace--advertisers, media firms, consumers, and audience measurement firms--Napoli explains the ways in which they interact with and mutually depend on each other. He also analyzes recent developments, such as the introduction of local people meters by Nielsen Media Research and the establishment and evolution of audience measurement systems for the Internet. A valuable resource for academics, students, policymakers, and media professionals, Audience Economics keeps pace with the rapid changes in media and audience-measurement technologies in order to provide a thorough understanding of the unique dynamics of the audience marketplace today.
Download or read book Managerial Economics written by William F. Samuelson and published by John Wiley & Sons. This book was released on 2021-01-13 with total page 560 pages. Available in PDF, EPUB and Kindle. Book excerpt: Managerial Economics, 9th Edition, introduces undergraduates, MBAs, and executives to the complex decision problems today’s managers face, providing the knowledge and analytical skills required to make informed decisions and prosper in the modern business environment. Going beyond the traditional academic approach to teaching economic analysis, this comprehensive textbook describes how practicing managers use various economic methods in the real world. Each in-depth chapter opens with a central managerial problem—challenging readers to consider and evaluate possible choices—and concludes by reviewing and analyzing the decision through the lens of the concepts introduced in the chapter. Extensively updated throughout, the text makes use of numerous extended decision-making examples to discuss the foundational principles of managerial economics, illustrate key concepts, and strengthen students' critical thinking skills. A range of problems, building upon material covered in previous chapters, are applied to increasingly challenging applications as students advance through the text. Favoring practical skills development over complicated theoretical discussion, the book includes numerous mini-problems that reinforce students' quantitative understanding without overwhelming them with an excessive amount of mathematics.
Download or read book The Global Market written by John A. Quelch and published by John Wiley & Sons. This book was released on 2004-05-18 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: The twin forces of ideological change and the technology revolution make globalization the single most important issue facing executives today. But many companies who have developed a presence in the global market now face the challenges inherent in creating a multinational presence with the demands of the "unglobal consumer" who does not have a "one size fits all" need. Here, HBS Professors John Quelch and Deshpande bring together 13 Harvard Business School professors to discuss these and other problems and benefits encountered by executives in global markets. Topics to be discussed include: operating costs of global advertising and marketing services, global product standards; managing global supply chains; global account management; global brands; global knowledge sharing and performance drivers; managing global customers; and social marketing for global economic development.
Download or read book Ebook Business Statistics in Practice Using Data Modeling and Analytics written by Bowerman and published by McGraw Hill. This book was released on 2016-04-16 with total page 912 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ebook: Business Statistics in Practice: Using Data, Modeling and Analytics
Download or read book Marketing Science written by and published by . This book was released on 1994 with total page 476 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Changing Architecture of Advertising Agencies Their Selection and Compensation written by Sharon Horsky and published by . This book was released on 2001 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Neuromarketology Harness Converging Technologies and Diverging Audiences to Create Dynamic One to One Marketing and Astonishing ROI written by Brian Fabiano and published by Xlibris Corporation. This book was released on 2010-10-19 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: HOW TO HARNESS CONVERGING TECHNOLOGIES, DIVERGING AUDIENCES AND SPLINTERING MEDIA CHANNELS TO CREATE HYPER-RELEVANCE AND UNPRECEDENTED MARKETING ROI. This book defines a new marketing methodology that enables you to soar on the currents of the Google era, rather than being blown away by them. Understand how to align classical branding strategies with current conditions in order to maximize every facet of your brand. Learn how to leverage emerging technologies, including database, dialogue, and personalized variable capabilities, to achieve true one to one communications. And learn to deploy in all existing and emerging communication channels to create ultra-personalized relevancy. Based on first-hand experience at the leading edge of the industry, this book provides a clear perspective on the new marketing landscape and step-by-step guidance on leveraging its unique opportunities. “This book does for marketing what the transistor did for radio. Neuromarketology offers the kind of thinking that promotes second order change. The author offers gems of knowledge that range from black powder to rocket fuel; loved the book.” – Mikel Harry, principal architect of Six Sigma and the world’s leading authority within his field. His book, Six Sigma: The Breakthrough Management Strategy Revolutionizing the World’s Top Corporations, has been on the best seller list of the Wall Street Journal, Business Week, and Amazon.com. “Finally a ‘bible’ on cross-channel, dynamic one to one marketing. This book shows us how to overcome challenges to create effective content, liberate and empower your data, leverage software platforms and benefit from converging technology and media channels.” – John Foley, Jr., Founder, President and CEO of interlinkONE, the leading multichannel marketing software solutions provider www.neuromarketology.com
Download or read book Bibliography of Agriculture written by and published by . This book was released on 1991-04 with total page 558 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Antitrust Law Journal written by and published by . This book was released on 1986 with total page 1168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Strategy Business Planning of Privately Held Companies written by Peter McCann, MD and published by Trafford Publishing. This book was released on 2000-06 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strategy & Business Planning of Privately Held Companies explains an integrated conceptual framework of strategic and business planning. It provides over two hundred tables, diagrams, examples, worksheets and checklists to help shareholders, executives and managers plan and achieve superior financial and competitive performance.
Download or read book EBOOK Strategy Analysis and Practice written by MCGEE, JOHN/THO and published by McGraw Hill. This book was released on 2010-08-16 with total page 738 pages. Available in PDF, EPUB and Kindle. Book excerpt: EBOOK: Strategy: Analysis and Practice
Download or read book Electronic Government Concepts Methodologies Tools and Applications written by Anttiroiko, Ari-Veikko and published by IGI Global. This book was released on 2008-03-31 with total page 4780 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides research on e-government and its implications within the global context. Covers topics such as digital government, electronic justice, government-to-government, information policy, and cyber-infrastructure research and methodologies.
Download or read book Strategic Management written by Jeffrey H. Dyer and published by John Wiley & Sons. This book was released on 2024-02-21 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: Students enjoy the concise and approachable style of Strategic Management: Concepts and Cases, 5th Edition. Written in an accessible Harvard Business Review style with lots of practical examples and strategy tools, this course engages students with an easy-to-understand learning experience to strategic management concepts that will help them succeed in today's workplace. The newest edition of Strategic Management sparks ideas, fuels creative thinking, and discussion, while engaging students via contemporary examples, outstanding author-produced cases, unique Strategy Tool Applications, and much more!
Download or read book Economics of Strategy written by David Besanko and published by John Wiley & Sons. This book was released on 2009-09-22 with total page 595 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today's global recession, strong management of firms and organizations are of the utmost importance. Best-selling Economics of Strategy focuses on the key economic concepts students must master in order to develop a sound business strategy. Bringing economic theory and strategic analysis to life in an engaging and uniquely modern way, Besanko et al. have collaborated for over 15 years to build an introductory business course that combines basic concepts from economic theory of the firm and industrial organization with ideas from modern strategy literature. The newly revised 5th edition offers more real-world applications to make materials studied in undergraduate Managerial Economics, Business Strategy, and Industrial Organization courses relevant. Armed with general principles, today's students—tomorrow's future managers—will be prepared to adjust their firms' business strategies to the demands of the ever-changing environment.
Download or read book The Economics of Information written by Bruce R. Kingma and published by . This book was released on 1996 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the economics of information goods and services, which are sufficiently different from other types of goods and services that a complete understanding of their differences is important to information managers and policymakers.
