Question
Need help in rewriting this in my own words please Key Performance Indicators The marketing KPI that we will be using to measure the performance
Need help in rewriting this in my own words please
Key Performance Indicators
The marketing KPI that we will be using to measure the performance of the marketing
strategy will be digital marketing return on investment. This would be successful to us as
analyzing our digital marketing ROI is essential in assessing our monthly and annual
performances. By focusing on this KPI, we are able to see if specific marketing strategies are
costing our company more money than what we are receiving. According to Edgecomb, (2021)
the formula to calculate our digital marketing ROI is the total of sales growth minus marketing
investment divided by marketing investment. (para 17) By determining our digital marketing
ROI we are able to determine how to proceed in the future.
Feedback Loops
The specific feedback loop that we will be monitoring is safety concerns. We will be
monitoring these bi-weekly for the first 6 months, decreasing it to monthly for 12 months. The
results will be reported to the key stakeholders needing this information through graphs and
charts through the town hall meetings.
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