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News

Courtyard by Marriott Video

on . Posted in Edelman Videos

Concept:

New Product Design/Conjoint Analysis

Title:

Designing a Hotel Facility with Consumer-Based Marketing Models - Courtyard by Marriott Corporation

Video Length:

~35 minutes
Summary: Marriott applied a conjoint-analysis-based approach involving all major hotel features and services influencing choice to design a new hotel chain. As a result, specific guidelines were selected, from target market segment of population to physical layout and services, resulting in Courtyard by Marriott, a concept successfully test marketed and subsequently introduced nationally and which spawned an entire new product category in the hotel industry.

Management Decision Systems Video

on . Posted in Edelman Videos

Concept:

ASSESSOR Model

Title:

Pre-test Market Models: Validation and Managerial Implications - Management Decision Systems, Inc.

Video Length:

~29 minutes
Summary: The Assessor model was developed to test and evaluate new consumer products before the expenditure of a test market. The predictive value of the model has a 6:1 benefit to cost ratio and has saved clients $126 million on 450 tested products.