Equator Journal of Management and Entrepreneurship
Vol 12, No 4 (2024): Equator Journal of Management and Entrepreneurship

Data-Driven Decisions: Leveraging Analytics for Strategic Marketing Management

Tanjung, Febrina Soraya (Unknown)



Article Info

Publish Date
25 Oct 2024

Abstract

This study investigates the impact of data-driven decision-making, customer data utilization, and predictive analytics on the marketing performance of small and medium enterprises (SMEs) in Medan. Utilizing a quantitative research design, data was collected through structured questionnaires from a sample of 83 SMEs that possess a Business Identification Number (NIB). The analysis involved statistical techniques, including t-tests, F-tests, and regression analysis, using the Statistical Package for the Social Sciences (SPSS). The results reveal a significant positive relationship between the independent variables and marketing performance, with the regression model explaining approximately 58.3% of the variance in marketing outcomes. Findings indicate that prioritizing data-driven strategies can lead to enhanced decision-making and improved business performance for SMEs. This research contributes valuable insights for practitioners and scholars by highlighting the critical role of analytics in developing effective marketing strategies and fostering sustainable growth in a competitive landscape.

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Journal Info

Abbrev

jmdb

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Naskah merupakan hasil penelitian dan studi pustaka di bidang manajemen, ekonomi dan kewirausahaan. Bidang manajemen meliputi hasil penelitian dalam tata kelola perusahaan, pengelolaan keuangan, pengelolaan sumber daya manusia, pengelolaan pemasaran, pengelolaan produksi dan operasi, pengelolaan ...