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List of Concentrations
Marketing Management
Marketing is crucial to any business. It involves understanding customers and competitors, setting strategy, developing products, delivering value to customers, and managing relationships. It focuses on discovering and exploiting new opportunities and aspires to create loyal customers and strong brands.
Chicago Booth is at the forefront of preparing students to succeed and lead in the changing marketing environment. Future marketers must be strategic, analytical and decisive, able to lead teams across the organization, measure the profitability of marketing actions, and sell their ideas – all in the face of rapid change and global competition. The Chicago approach to disciplined thinking equips you with skills that stand the test of time. We teach not only the latest innovations in marketing, but also provide solid grounding in fundamental disciplines like psychology, economics, statistics, so you are prepared to face new challenges that emerge.
COCURRICULAR ACTIVITIES
You'll have the chance to explore operations outside the classroom in numerous ways that will also allow you to build new skills, relationships and networks. These include:
COURSE SAMPLING
You’ll have the option of taking courses that address your individual career choices. Samples include:
This course introduces the substantive and functional aspects of marketing management. It covers the elements of marketing analysis (customer, competition, and company), and the marketing mix (product strategy, pricing, advertising and promotion, and distribution). It uses case studies so students can develop, present and defend their recommendations, as well as critically evaluate the recommendations of others.
This course is a blend of analytic marketing techniques, marketing strategy, and economic theory. Students work with real data analyzing managerial pricing problems. Critical marketing questions are answered such as how to determine a new product's price, how to assess whether current prices are appropriate, what is price leadership, an what is value pricing.
The availability of data on actual market behavior of consumers is revolutionizing the way marketing is conducted, as well as the way in which marketing activities are planned and evaluated. This course introduces students to these new data sources and provides a set of innovative analytic tools.
Chicago Booth pioneered experiential business education in the 1980s with the Laboratory in New Product Development. Now called Management Lab, students tackle high-profile consulting projects in areas such as new product development, branding, channels to market, and strategy. Over the years, projects have expanded beyond the United States to China, South America, Russia, Botswana, United Arab Emirates, and Turkey.
FACULTY SAMPLING
You’ll study with professors who conduct groundbreaking research, collaborate with the entrepreneurial and private equity communities, and bring their own entrepreneurial experiences into the classroom.
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Pradeep K. Chintagunta, conducts research into the analysis of household purchase behavior, pharmaceutical markets, and technology products. His research has appeared in the Journal of Marketing Research, Marketing Science, Management Science, the International Journal of Research Marketing and the Journal of Econometrics. |
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Günter J. Hitsch, studies quantitative marketing and industrial organization, empirical models of consumer choice and competition, the economics and marketing of new products, and the economics of dating and marriage markets. Much of his research focuses on dynamic marketing strategies, i.e., situations where marketing decisions that firms make today have effects on future sales, profits, and competitive reactions. |
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Sanjay K. Dhar, studies topics such as strategic marketing management, advanced marketing strategy, brand management, new product development, pricing strategy, promotion strategy and product placement strategy. His research has been awarded the 2008 Paul Green Award which recognizes the best article published in the Journal of Marketing Research. |
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Aparna Labroo, investigates the effect of feelings that arise from the decision process itself. She also studies the impact of preexisting feelings that arise independently of the decision processes on self regulation, self control choices, and well being. She has published numerous articles on these topics, including several articles in the Journal of Consumer Research, the Journal of Marketing Research, as well as Journal of Personality and Social Psychology. |
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Jean-Pierre Dubé, studies empirical industrial organization, dynamic oligopoly, competitive advertising, competitive pricing, retail competition, price discrimination, and internet marketing. Recently, he has worked on the role of dynamics in the strategies of competing firms. |
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Ann L. McGill, focuses her research on consumer and managerial decision making, with special emphasis on causal explanations, differences in judgments in public and in private, and the use of imagery in product choice. "My research enhances our understanding of how people think, which makes it easier to reach and help them," she explains. |
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Ronald L. Goettler, studies industrial organization, microeconomics, consumer behavior and learning, applied econometrics, computational methods, market microstructure, and the entertainment industries. His paper, "Equilibrium in a Dynamic Limit Order Market," which appeared in the Journal of Finance, was nominated for the Smith Breeden Prize. |
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Oleg Urminsky, studies consumer and managerial decision making and its implications for marketing management. His research on how motivation and behavior changes as people get closer to the goal of earning a reward appeared in the Journal of Marketing Research and was a finalist for the 2007 Paul E. Green award. |
The James M. Kilts Center for Marketing plays a pivotal role by promoting the development and recognition of marketing at the school. Before founding Centerview Partners, Kilts, '74, was Vice Chairman of the Board of The Procter & Gamble Company.
The center sponsors a wide variety of basic and applied research in marketing on topics such as the determinants of consumer behavior; analytical models of marketing activities; pricing and consumer dynamics; and determinants of brand shares. This research is supported by visiting faculty and doctoral fellows.
Chicago Booth students are able to gain practical marketing experience through experiential learning opportunities.
In its commitment to attracting and graduating the best MBA talent, the center provides financial support to students through scholarships. In addition, Marketing Fellowships provide not only financial assistance but a two-year mentoring relationship with a member of the Center's steering committee. Career guidance and support is also the focus of the Center's mentoring program which pairs students with Chicago Booth alumni with marketing careers.
PROFILES
Evelyn Lee
Recruiter, Abbott
Continuing a partnership with Booth that has spanned more than two decades, Evelyn Lee recruits students who can make long-term contributions to the health care firm.
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Evelyn Lee
Recruiter, Abbott
Building on a relationship with Chicago Booth that stretches back to 1987, Evelyn Lee, manager of university relations, is one of many Abbott recruiters who have consider Booth students for internships and the firm's Management Development Program (MDP).
"This is a commercial marketing development program in which participants rotate through three different projects over three years," Evelyn explains. "The program prepares participants for general management and future leadership positions."
"The Booth students we've hired in the last 10 to 15 years have all been solid and consistent performers," says Evelyn. "They demonstrate quite a bit of leadership potential, they work well in a team setting, and they fit into the Abbott culture very well."
Recently named the most admired company in the pharmaceutical industry sector by Fortune magazine, Abbott looks for analytically skilled candidates who can contribute to the broad-based company's full range of health care services, from diagnostics to medical devices to nutritionals.
"This means students have opportunities to work on a wide variety of medical and consumer products and direct-to-consumer marketing," says Evelyn.
"We really want to understand the market and make the right business decisions based on data," she adds. "Because of the strong foundation that Chicago Booth provides, its students understand this, and are able to align their recommendations and their business strategies with this approach."
Noting one recent intern experience, Evelyn recalls the significant contributions a Booth student made to new a marketing initiative.
"Coming to the project with very little knowledge of the specific therapeutic area, she was able to lay the foundation," says Evelyn. "She designed the parameters critical to the strategy, provided details on the partnerships needed to meet the strategic goals."
"Our general manager who hosted her had nothing but wonderful things to say. Basically, he said, she 'created the wheel' for this initiative."
Ann Mukherjee, '94
Chief Marketing Officer, Frito-Lay North America
Ann went beyond traditional marketing with an idea to let fans create and vote on the Super Bowl ad for Doritos. The campaign strengthened consumer relationships and drew $36 million in media coverage.
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Ann Mukherjee, '94
Chief Marketing Officer, Frito-Lay North America
Within four years of joining Frito-Lay North America, Ann Mukherjee, '94, was promoted to chief marketing officer and has changed the way the firm thinks about marketing.
In 2007, while serving as vice president of marketing, Ann unrolled a plan to buy a 30-second ad spot for the Super Bowl and let Doritos fans create and vote on the winning video to fill the air time.
"Frito-Lay has large, mature brands. To drive ongoing growth of something this big, we had to move beyond traditional marketing," says Ann.
The unconventional tactic not only deepened the brand's relationship with 24- to 26-year old consumers, but also earned $36 million in free public relations and established a firm presence for Doritos in today's converging digital media.
"In the changing environment that we live in today, you have to be nimble enough to drive different frameworks and keep ahead of the pace," says Ann. "When I went through marketing at Booth, I learned to look at a business model holistically and understand the economic value that marketing drove within the model."
The Super Bowl ad tradition continues today, and is one of the many marks Ann has left on the industry. Ann was named Brandweek's Marketer of the Year the same year the Doritos campaign started and has received several other industry awards.
"Chicago Booth taught me to ask the right question and think conceptually. It wasn't about driving to the one perfect answer, it was about teaching me to see the possibilities," Ann says.
"For people who want to understand not only how to market a product or service but how to drive business growth through marketing, Chicago's a fabulous place to study," says Ann. "Chicago isn't about spoon-feeding you the answers, it's about teaching you to ask the right questions."
Jessica Donald, '09
Senior Associate, Prophet
Associate Brand Manager (2009-2010), Krafts Foods
To help launch a career in brand management, Jessica landed an internship at Kraft
Foods and took courses like Data-Driven Marketing - all without a marketing background.
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Jessica Donald, '09
Senior Associate, Prophet
Associate Brand Manager (2009-2010), Krafts Foods
Previously with Deloitte Consulting in the strategy operations divisions, Jessica
Donald, '09, gained exposure to industries ranging from wireless to health care
before pursing a Booth MBA to switch from consulting to marketing.
"The one thing I really liked about all of my projects was that they dealt with understanding
customer needs and figuring out how to make your product meet them, which is marketing
strategy," Jessica says.
Jessica chose Booth for its analytic rigor, a hallmark of the Chicago approach,
and its marketing program, whose reputation is on the rise she says.
“When I spoke to brand managers in the field, the actual work is highly quantitative
- and becoming increasingly so,” Jessica says. “I took Data-Driven Marketing,
which was much more data intensive than anything I'd done before. We used Nielsen
data, so I understood what all the terms meant before I got to Kraft.”
As a summer associate brand manager with the snack food giant, Jessica was assigned
to the California Pizza Kitchen (CPK) brand while interning with the firm. In assessing
the competition, she looked at what CPK could do to increase its space in the market,
reach new customers, and expand to new regions.
Within three weeks of her presentation, the sales staff reported that CPK's competitors
were expanding to the three places Jessica had predicted.
"During the internship, I realized how incredibly comfortable my fellow Chicago Booth
students seemed with the data and analysis," Jessica says. "Since Chicago Booth
students are taught to question everything, I think we're better equipped to think
outside the box."
Banks Baker, '05
Vice President of Marketing, ClubCorp
After starting his marketing career in Silicon Valley, Banks is using the critical thinking he developed at Booth to reinvent a 50-year-old company.
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Banks Baker, '05
Vice President of Marketing, ClubCorp
Banks Baker, '05, learned at the beginning of his career that a disconnect between marketing messages and business operations often spells trouble - loss of share or worse - for a company.
After starting his career in Silicon Valley, Banks has focused on connecting a firm's brand promise to its operational structure and ability to execute. Later, while working for a small distressed company, he was charged by the CEO to position the brand, improve sales, and expand new market channels.
"It was a fantastic opportunity to get under the hood and understand how all the parts worked together," says Banks. "The deeper I got in this effort, the farther I got from traditional marketing concepts."
Banks decided to pursue an MBA and return to marketing for start-ups and turnaround companies with a deeper skill set.
"What I lacked at the time were the disciplined components around operational strategy, finance, accounting - the functional areas that were absolutely critical to building a successful brand," says Banks.
"The rigor around these areas at Chicago gave me tools to be a more effective marketer. Regardless of the class, we dissected problems and learned not to lean on convenient summaries."
Now vice president of marketing at ClubCorp, Banks is helping the firm evolve from a holding company that owns multiple clubs to a lifestyle business. Reinventing the 50-year-old company within a traditional industry.
"When you're doing something no one has done before, there is just no marketing book on what to do," says Banks. "You're simply forced, every day, to really look at the research, the data, the numbers, and constantly ask questions so that you can cut your way through to a solution."
M. Carl Johnson III, '72
Senior Vice President and Chief Strategy Officer, Campbell Soup Company (2001 - 11)
A marketing veteran in consumer products, Carl shared his expertise and industry insights as a mentor for Goksu Nebol-Perlman, '08.
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M. Carl Johnson III, '72
Senior Vice President and Chief Strategy Officer, Campbell Soup Company (2001 - 11)
Responding to a call from turnaround guru James Kilts, '74, seasoned marketer M. Carl Johnson III, '72, provided one-on-one mentoring for Marketing Fellow Goksu Nebol-Perlman, '08, in her move to brand management.
"I enjoy talking to students," says Carl. "Mentors give students a chance to talk to someone who's been through the business school experience, the search for an internship and then a job search, and launching a career.
"I also believe in giving back. If I can help someone in my field, I feel I've made a contribution."
Starting his career in the brand management group at Colgate-Palmolive, Carl worked for Kraft Foods before joining global food producer Campbell Soup, where he recently retired. Carl first learned the ins and outs of marketing and how to be a mentor from his father.
"My father worked in advertising for years, so I grew up in a marketing household back when ad agencies handled marketing - before the brand management system was imbedded," says Carl. "My father acted as a mentor. I'd also talk with many of his friends and associates."
In working with Goksu, Carl shared his knowledge of different companies, adding industry insights and contacts to Goksu's research for her job search, helping her to find a fit.
"Every company has different cultural rules and norms. You can do due diligence on a company before you get there but you never really know how you'll succeed in that kind of environment," says Carl.
"From a door-opening, networking standpoint, it can be pretty powerful. When it came to getting interviews, I could open doors that Goksu couldn't open. And I have knowledge of a lot of the companies that interest her. I know the head of marketing or the CEO, and I know what's happening at the company."
Jean-Pierre Dubé
Sigmund E. Edelstone Professor of Marketing
Researching Folgers and Maxwell House coffee brands, professor Dubé's findings on market share surprised academics and brand managers.
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Jean-Pierre Dubé
Sigmund E. Edelstone Professor of Marketing
A faculty member since 2000, Jean-Pierre Dubé studies marketing decisions such as pricing, advertising and branding, and the role of competitive dynamics.
On a recent research project, Dubé took a closer look at brand patterns for consumer packaged goods. Starting with Folgers and Maxwell House ground coffee brands, Dubé and his coauthors explored why certain brands hold large market share.
"I went through company archives and traced when these brands rolled out in different cities. We did this for several product categories and found that being the first to roll out in these markets, sometimes over a century ago, is a very good predictor of whether a brand has the highest market share in that market today.
"The incredible degree of persistence is surprising both for academics and for brand managers in these categories," Dubé says.
On a follow-up project, Dubé explored why history would persist in the current performance of a brand. Examining Nielsen Company shopping data on 75,000 households across the country, Dubé and his coauthors surveyed the households about the city where the primary shopper was born, educated, and currently resides.
"We're studying whether people buy the brands that are popular where they currently live versus where they grew up; we're testing whether shoppers take their brand preferences with them when they move to a region that has different brand-buying habits."
Applying the Chicago approach, Dubé bases his research on core disciplines like economics and psychology, a method that gives Booth professors a broader audience and impact, he says.
"We publish research not just in marketing journals, but also the very top economics, statistics, and psychology journals." Dubé says.
"A lot of marketing groups are data rich and work on empirical questions, but what makes Chicago Booth stand out is our rigorous approach. The connections to core discipline training holds you to a certain standard."
Aaron Conrow, '04
Associate Brand Manager Colgate Palmolive (2007 - 08)
While with Colgate-Palmolive, Aaron became an active recruiter and sought Chicago students to infuse the industry giant with Booth talent.
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Aaron Conrow, '04
Associate Brand Manager Colgate Palmolive (2007 - 08)
As associate brand manager for Softsoap liquid hand soap from 2007 to 2008, Aaron Conrow, '04, appreciated how the approach to marketing at Colgate-Palmolive mirrors Chicago Booth's. Both places value analytical rigor in a team-focused environment.
He quickly initiated a recruiting relationship with Booth after joining the firm in 2007, posting job openings and inviting students to visit the New York office.
"The Chicago curriculum provides both quantitative individual coursework and qualitative group-oriented casework," says Aaron, now product manager at J.M. Smucker Company. "Students are stretched in both directions."
"In many classes, students conduct data-driven analytics and are evaluated individually. In other classes, they work within a team and succeed by bringing out the best in their teammates," he adds. "The ability to excel at qualitative teamwork and quantitative analytics is highly applicable for the real world, and it sets Chicago students apart."
In the years since earning his MBA, Aaron has seen how the background in fundamentals and collaboration with a diverse student body at Booth gives students a competitive edge among their peers.
"Booth students come from all around the world. They also have tremendously varied professional backgrounds, from accountants and investment bankers to nonprofit leaders and advertising executives," says Aaron. "To succeed at Booth, you need to be a valuable team player who can work well with people who have diverse backgrounds.
"While students take their studies seriously, academic competitiveness stays collegial. It's more of a collaborative environment than many people would assume."
A background in core disciplines like finance and accounting combined with the opportunities to pursue leadership roles within student groups provide students with an added dimension of preparedness at graduation, says Aaron. They often make appealing marketing and brand candidates and are set on track for general management.
"The people who run the organization tend to come from marketing, and to advance through the ranks, you need to have the skills of a general manger who can oversee the entire business," says Aaron.
Aaron joined J.M. Smucker Company as product manager in 2008.
Meghan Friesen, '09
Product Manager, Progressive Insurance
Transitioning her career from financial services, Meghan Friesen, '09, received mentoring from Karen Katen, AB '70, MBA '74, that helped her plan for long-term success in marketing.
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Meghan Friesen, '09
Product Manager, Progressive Insurance
"As a career switcher, I chose Chicago Booth because I needed a good basis in the fundamentals," says Meghan Friesen, '09, now product manager for Progressive Insurance. "What really helped, though, was being able to work with Karen [Katen, AB '70, MBA '74]."
As a 2007 Marketing Fellow, Meghan was matched with Karen Katen, AB '70, MBA '74, senior advisor at Essex Woodlands Health Ventures LLC, through the Kilts Center for Marketing to receive one-on-one mentoring.
"She has a lot of insight, like what to look for in a company if you're searching for one that's going to last a long time or has a culture where you think you can excel," says Meghan.
"Karen has been through all the stages of career progression, from starting right out of business school to the top, and she was able to give me a snapshot of what it's like at every level."
Prior to Chicago Booth, Meghan worked at Yahoo! as a senior financial analyst, and later at Progressive Insurance as a marketing process analysis before returning to the firm after graduation.
"At Progressive Insurance, I had a chance to work with the marketing staff on analytics, and I realized I wanted to go into marketing," says Meghan. "The idea of working at a company that produces a tangible product seemed exciting to me."
Taking advantage of Booth's flexible curriculum, Meghan structured her courses to prepare herself for a position in marketing, both immediately following graduation and as her career matured.
"I asked her about what kind of courses would add value in the long run in addition to marketing classes, and she said, 'Finance, finance, finance!'" says Meghan. "She said as you move higher in a company, you have to be able to speak intelligently about the finance aspects of the business and really understand what's going on there."
"My tendency was to focus on my first job after graduation, but she'd asked, 'Long term, which classes will help? What kind of relationships do you want to develop?'"
Susan Gibbons, '10
Associate Brand Manager, Kraft Foods
Previously a chemical engineer, Susan Gibbons, '10, valued Booth's quantitative approach for teaching her how to think like a marketer.
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Susan Gibbons, '10
Associate Brand Manager, Kraft Foods
"As an engineer at Abbott, I had the chance to work on cross-functional teams led by the marketing organization," says Susan Gibbons, '10. "I loved engineering, but I was attracted to marketing by the ability to work more directly with the consumer and the opportunity to control the strategy of a business."
After being accepted to Booth, Susan quickly became part of the school's marketing community.
"As soon as I got in, several alumni who work at Abbott reached out to talk about their experiences and what they had loved about the marketing program," says Susan. "That spoke volumes to me. I found a high level of excitement around and at Booth, especially in the area of marketing."
In her second year, Susan served as co-chair of the full-time student Marketing Group, helping to drive Booth as a marketing force both on and off campus.
"Our overall purpose is to promote Booth as a premier source for marketing talent," says Susan. "We are currently one of the biggest career groups on campus," she adds, noting that the more than 200 members for 2009 - 10 was the group's largest turnout.
In addition to building relationships with fellow future marketers through the student group, Susan also noted the opportunities to connect with alumni in the field. Every full-time student who is interested in marketing is matched with a Booth marking graduate, usually a few years out of school, through the Kilts Marketing Mentor Program.
With the strength of the Booth community behind her, Susan earned an internship with Krafts Foods, developing a new product recommendation for the convenience store channel, before being hired by the firm in June.
"One of the most rewarding aspects of my summer internship was applying the skills I had learned in my marketing courses," says Susan. "Despite having only taken a few marketing courses going into the internship, I felt well prepared for the intern projects I was working on."
Karen Katen, AB '70, MBA '74
Senior Advisor, Essex Woodlands Health Ventures LLC
2007 Marketing Mentor
With more than 30 years of experience at Pfizer, Karen Katen, AB '70, MBA '74, helped Marketing Fellow Meghan Friesen, '09, launch her career in marketing.
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Karen Katen, AB '70, MBA '74
Senior Advisor, Essex Woodlands Health Ventures LLC
2007 Marketing Mentor
Before retiring in 2007, Karen Katen, AB '70, MBA '74, had spent more than 30 years with Pfizer, most recently holding the position of vice chairman and president of Global Pfizer Human Health.
Responding to an invitation from Booth classmate Jim Kilts, '74, founder of the Kilts Center for Marketing, Karen provide one-on-one mentoring for Marketing Fellow Meghan Friesen, '09.
"Meghan and I talked regularly, often about specific questions she had emailed me," says Karen, who helped Meghan structure her time at Booth around the goal of long-term career success in marketing.
"I advised her as I would any career manager: get the full breadth of skills. Your prospects and career opportunities will be as much a factor of your adaptability as your core talent."
While students at Chicago Booth seek a diverse range of career paths after graduation, says Karen, they all share one goal while at Booth: to get an outstanding business education. Booth's holistic approach, regardless of the concentration, prepares them to meet business problems from a cross-functional view, she says.
"For those who focus on financial skills, this has to mean really knowing the 'hows and whys' of marketing," says Karen. "Whether they ultimately deal with customers, clients, investors, or constituents, the science and skills of marketing apply."
"But for those who focus on marketing, the same holds true for financial disciplines. You can never be a great executive or a great marketer without solid financial abilities."
This broad range of coursework prepares students for success at graduation and long into their careers as alumni, says Karen. "I have always found that some of the most satisfying business experiences involve multiple disciplines," she adds.
Of her mentoring experience with Meghan, "We all learn. We all win," Karen says. "That is the beauty of this mentoring experience - seeing energetic, young people posing new questions and interacting with real world experience for new learning."
Ann McGill, MBA '85, PhD, '86
Sears Roebuck Professor of General Management, Marketing, and Behavioral Science
Finding inspiration in a crowded movie theater, professor Ann McGill used her own experience as the basis for research on consumer behavior.
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Ann McGill, MBA '85, PhD, '86
Sears Roebuck Professor of General Management, Marketing, and Behavioral Science
Ann McGill, MBA '85, PhD '86, Sears Roebuck Professor of General Management, Marketing, and Behavioral Science, joined the faculty in 1997. Her research interests include consumer and manager decision making with special emphasis on causal explanations, differences in judgment in public and in private, and the use of imagery in product choice.
One of her recent projects was inspired by watching people find seats in a crowded theater while waiting for a popular show.
"Five minutes before it started, the theater had almost filled up," recalls McGill. "Rather than sit separately, pair after pair said, 'Let's go to a later show.' I thought, If you're just sitting in the dark, why wouldn't you be willing to sit six seats away from each other?"
McGill observed that most people looked like they were going to sit quietly and watch the movie, but they sensed that sitting with friends created a different experience.
Working with associate professor of marketing Suresh Ramanathan, McGill pursued the phenomenon and examined how consuming a product with someone changes the experience.
"We studied three groups of people watching a movie," says McGill. "One set watched by themselves, another set with a stranger whose expression they could see, and a third set with strangers whose expressions were blocked."
"We learned that when people can see each other, they pick up on each other's facial expressions and gestures, which leads to sharing feelings, and that colors their ongoing evaluation of the movie so that they end up in sync during the show."
The conclusion drawn by McGill and Ramanathan from the study was that strangers attributed the good feeling of being in sync with other watchers to the quality of the movie and gave it good reviews. McGill and Ramanathan built on the findings by comparing reactions of friends to each other and to strangers.
"I'm almost always surprised by the results," McGil says. "That surprise in research keeps you modest. If the results aren't surprising, there's probably not a big reason to study it. You're trying to inform the world about the unknown and poorly understood."
Read about research by McGill published in Capital Ideas
Goksu Nebol-Perlman, '08
Senior Marketing Manager of Strategy and Operations, Skype
An experienced marketer, Goksu, took her career to the next level, joining Skype with MBA in hand, with the help of a Booth alumnus as a marketing mentor.
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Goksu Nebol-Perlman, '08
Senior Marketing Manager of Strategy and Operations, Skype
2006 Carl Johnson Marketing Fellow
With a background in marketing communications, Goksu Nebol-Perlman, '08, choose Booth to deepen her marketing skills and help her transition to brand management. She received support from M. Carl Johnson III, '72, in a one-on-one mentorship that boosted her networking opportunities.
Goksu and Carl were paired through the Kilts Center Marketing Fellowships program, made possible by a $1 million challenge grant from James Kilts, '74, that connects students interested in marketing careers with alumni in marketing roles.
"I was notified of my mentor in August, and within a few days, I got a call from my mentor, Carl," Goksu says. "From day one, he emphasized he was completely available via phone and email, and he has made it easy for me to reach out to him."
Goksu, named the 2006 Carl Johnson Marketing Fellow, previously worked at Grey Direct Chicago, where she managed domestic and international direct marketing for 25 million members of United Airline's Mileage Plus Program. Collaborating with Carl, Goksu tailored her job search fall quarter for her transition into brand management.
Now a senior manager for Skype, Goksu worked with Carl to develop a list of target companies based on her post-Booth goals and gained insights on the firms from an industry veteran.
"He reviewed my resume and gave me feedback. And although I'd been thinking mostly about on-campus recruiting, his connections opened the door for me at a number of off-campus companies and gave me the opportunity to interview with them," Goksu says.
"I was absolutely comfortable with sending Carl updates and asking him for his thoughts and advice," says Goksu. "This mentorship program gave me access to a very senior member of the industry where I plan to spend my career."
David Appel, AB '81, MBA '82
CEO, Vision, LLC
Growing up as part of the family business that produced OxiClean, David continues to launch new brands as CEO of Vision, LLC.
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David Appel, AB '81, MBA '82
CEO, Vision, LLC
Before Orange Glo had infomercials with Billy Mays demonstrating stain removers OxiClean and Orange Clean, David Appel, AB '81, MBA '82, was promoting them alongside his sisters and brother at state fairs and home shows.
"It created a culture of demonstrations," reflects David, who returned to the family business with MBA in hand and served as chairman until 2006.
"What I got from Chicago Booth is a combination of intellectual tools and practice in collaboration, which helps me sort through the multitude of key priorities and figure out what's going to make a product fly," he says.
Orange Glo took off in the 1990s with infomercials that created "great awareness," for the brand, recalls David. "But there aren't great data services that track infomercial sales."
"By the time we hit our first retail shelf, we had a meaningful market share, but nobody knew it."
Still, the strategy worked. When Orange Glo was sold to Church and Dwight in 2006, the firm's annual revenue exceeded $300 million and its trademark product OxiClean led the U.S. stain remover category, beating out such industry giants as Clorox for the spot.
Now CEO of Vision, LLC, David continues to focus on bringing new ideas to market. Recently the firm has developed fabric protector Blox, bamboo clothing company Global Ghetto Organics, and a chain of pet hotels called Wag.
"I had a great course on operations research that was about using analytical tools to solve problems that weren't obviously quantitative," he adds. "We ask questions about margin contribution, but also, what are my strategic goals? What am I trying to achieve? Quantitative tools help you make good marketing decisions."
Günter Hitsch
Professor of Marketing
An economist by training, professor Günter Hitsch builds on that background for his research and focuses on advancing statistical tools to analyze consumer behavior.
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Günter Hitsch
Professor of Marketing
A member of the faculty since 2001, professor of marketing Günter Hitsch has taught the innovative Data-Driven Marketing course since 2004. An economist by training, he became interested in marketing questions while doing research for his dissertation.
Exploring aspects of optimal new product launch for the paper, he started applying statistical tools to analyze the detailed data he collected in such areas as consumer behavior.
Hitsch saw the work as practical, "but also a lot of fun," he says. "It's what brought me to marketing, and ultimately to Booth."
The issues Hitsch encountered - areas like pricing of products, measuring effects of advertising, and how a firm can influence the rate of which a new product is adopted - still shape his research interests.
These questions are "key to a firm's product management decisions," he adds.
In the classroom, Hitsch continues to explore how to analyze customer information with his Data-Driven Marketing course.
"I make the class very hands-on," Hitsch says. "Students analyze actual customer data using statistical tools."
In developing the curriculum for the course, Hitsch builds up from core disciplines like economics or psychology, and introduces students to the type of statistical tools he first started using in his PhD training.
"Of course, it's my job to make these tools accessible and to teach the students the limitations and potential pitfalls of using such tools in practice," says Hitsch.
"Booth students are very accepting of some pretty advance stuff," he adds. "They're willing to work hard and get involved in some fairly advanced, technical, quantitative topics."
Fred Jubitz, AB '85, MBA '89
Vice President, American Express Consumer Charge Cards (2003 - 07)
As a recruiter for American Express, Fred continued the firm's longstanding relationship with Chicago Booth to bolster the financial services giant with Booth's innovative thinking.
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Fred Jubitz, AB '85, MBA '89
Vice President, American Express Consumer Charge Cards (2003 - 07)
Working in financial services requires a different approach to marketing from the more traditional packaged goods sector, says Fred Jubitz, AB ’85, MBA ’89, vice president at American Express from 2003 to 2007.
“Financial services marketing is different from traditional packaged goods in that we have a direct relationship with the consumer, and everything we do is driven by data and assessing the value of individual consumers at the customer level,” says Fred.
American Express has recruited at Chicago Booth for more than a decade, and Fred worked on the team that seeks Booth students for positions across the firm’s different divisions.
“We look for people who can take data, draw conclusions, and then build market-winning actions for us,” says Fred. “Chicago students bring a grounding in analytics, decision science, and most importantly, in taking that information and applying it."
“I’ve been increasingly impressed over the years with students we interview at Chicago,” he adds.
The expansion of internet capabilities and the shift toward a direct-to-consumer model that followed is one example where Booth students were prepared to think critically about new challenges facing the financial services industry.
“That type of marketing requires an incredible understanding of data systems and processes and consumer trends,” says Fred. “Chicago students can target that understanding to the right customer audience.”
Pairing that kind of detailed analysis with developed leadership skills is what makes Booth students attractive candidates for American Express, he says.
“If you’re a marketing executive, you want someone who can come up with the next great idea for your business,” explains Fred. “Chicago students have continually proven they can take insights from data and apply them to drive innovation in the marketplace.”
Brandon Swalve, '06
McKinsey and Company, Inc. (2006 - present)
Traveling to Russia as part of Management Lab programming, Brandon and his classmates spent 10 weeks on an immersion project for Citibank.
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Brandon Swalve, '06
McKinsey and Company, Inc. (2006 - present)
Drawn to Chicago Booth for its alumni network and analytical approach, Brandon Swalve, ’06, enhanced his MBA experience with Management Lab, an experiential course that connects student teams with executives at major companies to work on consulting projects.
“I spent a quarter in Russia working for Citibank,” recalls Brandon. “Not only did it provide the opportunity to apply my classroom education to a real-life setting, it also provided the catalyst for my decision to start a new career in management consulting.
“It was the most challenging, rewarding, and ultimately, the most memorable experience I had at Chicago Booth.”
The project Brandon and his Booth colleagues were assigned to investigated Citibank’s market penetration and branding options in the Russian consumer finance market.
“Getting a grasp of the breadth of the problem we were looking at and trying to get 10 different people aligned toward potential conclusions to make the team more effective was our biggest challenge,” he says.
That kind of intensive teamwork gave Brandon insights to his leadership style, he remembers, and allowed him to refine his approach.
“It teaches you about yourself and how you interact with your colleagues at the same level,” he says. “Learning how I act in that situation was the most valuable takeaway. I was able to apply those skills during my summer internship and also in small group projects for class.”
Now with McKinsey and Company Inc., Brandon has put his marketing concentration background toward building a career in consulting. He has been with the global management consulting firm since 2006.
“Before I came to Chicago, I felt like I had been pigeonholed in information technology,” says Brandon, who studied engineering as an undergraduate.
“Being on the Management Lab project for 10 weeks pulled me in a completely different direction and got me interested in going into strategy consulting – and prepared me really well for it.”
Sean Smyth, '05
Vice President of Business Development, Groupon
When the rapidly growing deal-of-the-day website Groupon wanted to better understand its best customers, Sean reached out to the Marketing Research class at Chicago Booth.
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Sean Smyth, '05
Vice President of Business Development, Groupon
When Sean Smyth, '05, vice president of business development for Groupon, wanted to better define and understand his company's VIP segment, he immediately thought of Chicago Booth.
"We wanted to find some smart folks who could really dig deep into numbers and make recommendations about who our best customers were and why," Sean recalls. "We thought marketing students from Booth would be particularly well suited for the task."
Class of 2011 students Vishal Arya, Dilini Fernando, Jillian Gerngross, Stephen Hammond, and Brian Luerssen were delighted to have the opportunity to help the rapidly growing startup.
"They gave us an interesting problem, and the experience provided a fascinating glimpse into a very specific point in time with that company," recalls Stephen.
To better research Groupon's question, the team developed a process for gathering information from purchasing and consumer data, focus group responses, and a custom email survey of Groupon's subscribers.
Sean says the Booth student's findings have become part of Groupon's institutional knowledge.
"We have evolved since this project, but their findings have had a lingering effect," Sean says. "We remember certain statements from the focus group they assembled. We still talk about those customers and their attributes."
Equally memorable was the way the Booth students worked.
"As a team, I think they played to each other's strengths and worked in a manner where we as a client were not wholly dependent on the insight of just one individual," Sean recalls. "They presented a true team effort, and that really worked for us."
Sean explains that as Groupon continues to grow, it generates more questions because it wants to optimize and understand more granular parts of the business. "We know that in Booth we can find people who can make sense out of chaos, to take some data and make an informed decision or a recommendation for a decision," he says. "Of course we would love to have Booth come back."
Peter Carrillo, '98
President, Carrillo Holdings, Inc.
Peter tapped the Chicago Booth network and gained comprehensive marketing research from Booth students to enter the gourmet food industry.
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Peter Carrillo, '98
President, Carrillo Holdings, Inc.
When Peter switched careers from investment research to the specialty food industry, he relied on the comprehensive market research from Booth students to launch Carrillo's Fire-Roasted Salsa.
Based on a perfected all-natural family recipe, the salsa needed to be taste-tested, introduced to shoppers, and branded. Executing a research plan as part of an experiential learning course, students gathered the full range of data, from organizing in-store samplings to designing the logo to conducting surveys.
“That's the kind of data I was looking for,” says Peter, who previously worked at Morgan Stanley and Citigroup before founding Carrillo Holdings, Inc.
“Chicago Booth students joke they can put a financial edge to anything,” he adds, noting how his team's ability to support qualitative anecdotal data with a quantitative approach is “second nature” for Booth students.
Their research project extended through two quarters and was overseen by marketing professors Oleg Urminsky and Suresh Ramanathan.
“They turned out to be interested in what [Carrillo Holdings, Inc. was] doing and wanted to incorporate our need for market research into their Marketing Research and Consumer Behavior courses,” explains Peter, who focused on finance as a student.
His one marketing class at Booth was with Ann McGill, Sears Roebuck Professor of General Management, Marketing, and Behavioral Science. She remembered Peter from class and, when he contacted her with his business plan, recommended he connect with Urminsky and Ramanathan.
“In a matter of weeks,” recalls Peter, “it went from that idea to a meeting in their offices to drafting a plan for working with student groups.”
Today, Carrillo's Fire-Roasted Salsa is sold on both the East and West coasts and is offered in six different flavors.
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