The Newest Book from ROI Institute: ROI in Marketing: The Design Thinking Approach
to Measure, Prove, and Improve the ROI of Marketing

Birmingham, Alabamaโ€”October 27, 2020. ROI Institute, Inc. is pleased to announce the release of ROI in Marketing: The Design Thinking Approach to Measure, Prove, and Improve the ROI of Marketing, published by McGraw-Hill. ROI Institute cofounders Jack J. Phillips and Patti P. Phillips are coauthors of the book along with Frank Q. Fu, professor of marketing at the University of Missouri, St. Louis, and Hong Yi, president of Sinotrac Consulting in Beijing, China.

ROI in Marketing introduces the ROI Methodology to marketing students, professionals, and managers and provides step-by-step detail on how to measure, improve and demonstrate the value of their projects, events, campaigns, and initiatives with a balanced profile of success, including the financial ROI. Using the ROI Methodology, organizations can link marketing directly into the bottom line reliably, credibly, and with plenty of resources to plan for future investments.

โ€œMarketing serves as a critical function linking an organizationโ€™s mission to its core focusโ€”the target customers,โ€ Patti P. Phillips, Ph.D., CEO of ROI Institute, said. โ€œAs an indispensable component of every business, marketing distinguishes itself from other departments as the only function with frequent interactions with customers. The extent to which an organization takes care of its target customers determines its future success and even survival. Therefore, marketing performance, effectiveness, and efficiency are not only relevant to marketing but also important to the whole organization.โ€

โ€œWith the reality of the current economic downturn, cost-cutting policies, and increasing executive demand to see value, the accountability and efficiency of marketing projects must be addressed early and often,โ€ Jack J. Phillips, Ph.D., chairman of ROI Institute explained. โ€œROI in Marketing not only details how to show the value of marketing investments in monetary values but also links the marketing results to proposed enhancements to the budget. Specifically, this book describes the credible and reliable process that is being used by more than 6,000 organizations worldwide, including the majority of Fortune 500 companies, to measure the success of projects and programs in a variety of industries.โ€

โ€œRegardless of the industry or marketing discipline, this book offers a unique, cross-sector, cross-functional, and reliable process to demonstrate the value and contribution of marketing to the business in a credible manner: in monetary values,โ€ said Frank Q. Fu, Ph.D. โ€œThe ROI Methodology is customer-centric and is ideal for marketing students, professionals, and managers. The process can be used for both internal and external projects. It can be applied to business to consumer (B2C) marketing, business to business (B2B) marketing, and internal marketing.โ€

Hong Yi explained, โ€œThe book is arranged in three parts for easy reading and review. The structure is flexible so that the reader can quickly capture the essence of each chapter or find specific content, case studies, and tools. Each chapter begins with an opening story from an actual case study example highlighting the particular issue of the chapter. The last part of the chapter contains final thoughts, a summary which reflects the importance of the chapter and how it fits into the book and methodology.โ€

In this book, we introduce the ROI Methodology as it applies specifically to marketing efforts and demonstrates that the value and contribution of most marketing projects and campaigns can be measured in money. Following this process clearly shows that marketing is an investment, and as such, we should be able to determine its financial return. The book builds its analysis on customersโ€™ reaction, learning, and actions and their impacts on business outcomes. Additionally, it identifies weaknesses and gaps that can and should be addressed to improve marketing performance and values.

โ€œROI in Marketing is very relevant in todayโ€™s economic climate,โ€ Ann Akins, president of ROI Institute added. โ€œThere tends to be a breakdown between marketing efforts and business outcomes that stalls the efforts of many organizations. Using this methodology ensures those kinds of barriers and breakdowns rarely occur.โ€

The ROI Methodology, the most-used evaluation system in the world, is built around three pillars: 1) It is user-friendly, not overly complicated or complex; 2) It is based on sound principles, using an enhanced logic model, and is very reliable and valid from a research perspective; 3) Finally, it is CEO- and CFO-friendly, producing data that passes the scrutiny of the CFO and provides data that top executives can support.

For more information about ROI in Marketing or to purchase your copy from ROI Institute at a special price, please click here.

About ROI Instituteยฎ

ROI Institute, Inc., founded in 1992 as a service-driven organization, assists professionals in improving programs and processes using the ROI Methodologyยฎ developed by Dr. Jack J. Phillips and Dr. Patti P. Phillips. This Methodology is the global leader in measurement and evaluation including the use of return on investment (ROI) in non-traditional applications. ROI Institute regularly offers workshops, provides consulting services, publishes books and case studies, and conducts research on the use of measurement and ROI. This makes ROI Institute the leading source of content, tools, and services in measurement, evaluation, and analytics. Working with more than one hundred ROI consultants, ROI Institute applies the ROI Methodology in 20 fields in over 70 countries. ROI Institute authors have written or edited over 100 books, translated into 38 languages. Organizations build internal capability with the help of ROI Institute and its ROI Certification process.  By successfully completing this process, individuals are awarded the Certified ROI Professionalยฎ (CRP) designation, which is respected by executives in organizations worldwide. For more information on ROI Institute, please contact info@roiinstitute.net or visit www.roiinstitute.net.

ROI Instituteยฎ, ROI Methodologyยฎ, Certified ROI Professionalยฎ, and ROI Certificationยฎ are registered trademarks owned by ROI Institute, Inc. and are used by others only with written permission of Jack and Patti Phillips.