Managing Brand Experience: The Market Contact Audit™
Amitava ChattopadhyayInsead
Jean-Louis LaborieIntegration
In a recent speech at the American Association of Advertising Agencies (AAAA), in February 2004, Jim Stengel, chief marketing officer of Procter and Gamble, observed that marketing “. . . is a 450 billion dollar global industry and we are all making decisions with less data and discipline than we apply to 100,000 dollar decisions in other aspects of our business.. . . We need a method to determine the effectiveness of our efforts” (Stengel, 2004).
The most significant component of marketing communication investments is in brand...