ACNielsen, Spectra Join Forces to Provide Consumer Centric Tracking; New Alliance Provides a Platform for Increasing Marketing ROI.Business Editors LAKE BUENA VISTA, Fla.--(BUSINESS WIRE)--Aug. 15, 2000 ACNielsen U.S., an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of ACNielsen Corporation (NYSE NYSE See: New York Stock Exchange : ART), and Spectra Inc., a consumer marketing division of VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User , today announce the creation of Lifestyle Track(TM), a tactical management tool that allows brand managers to assess and improve the performance of consumer-centric marketing plans. Lifestyle Track bridges the information gap between retail sales tracking and consumer panel data through Spectra's proprietary Lifestyle/Lifestage Grid. The joint product stems from long-term strategies by both ACNielsen and Spectra to provide clients with actionable Giving sufficient legal grounds for a lawsuit; giving rise to a Cause of Action. An act, event, or occurrence is said to be actionable when there are legal grounds for basing a lawsuit on it. consumer insights. "We're out to solve the information disconnects that have prevented marketers from managing their businesses strategically on a day-to-day basis," said John Larkin John Larkin is the name of several individuals:
prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a variety of other measures, such as volume within particular geographies and accounts. By creating the framework for managing brands day-to-day in a strategic consumer context, we're going to provide a platform for increasing Marketing ROI Marketing ROI is a related term to Return on Marketing Investment (ROMI) and is a measure of the effectiveness (see also marketing effectiveness) of various marketing activities. measurably and consistently." Lifestyle Track enables managers to enhance the performance of marketing plans by monitoring 19 consumer lifestyle groups, nationally and regionally. For example, a brand manager who has targeted upscale suburban households may ask: Is my marketing plan delivering the expected volume from this lifestyle group? How do these results compare to competition? These insights, derived from Lifestyle Track, will drive better marketing execution. "This is an important step in our long-term strategy of providing consumer knowledge for action," said Steve Schmidt, president, ACNielsen U.S. "Marketers need the tools to unlock the wealth of consumer understanding and to consistently increase brand business among targeted groups of consumers. Our relationship with Spectra and the introduction of Lifestyle Track is a perfect example of the kinds of alliances we will forge and product innovations we will develop to create timely, actionable information our clients need to manage their businesses." Lifestyle Track expands on an existing relationship between ACNielsen and Spectra in which ACNielsen's Homescan(R) consumer panel is the leading panel used in Spectra's Advantage(R) software application, which provides targeting recommendations for manufacturers. While both organizations will actively support Lifestyle Track, clients will actually purchase the service from ACNielsen as a value-added supplement to their existing information contracts. This new service will be available in the first quarter of 2001. About Spectra Spectra Inc. is a division of VNU Marketing Information, Inc. (VNU MI, Inc.), a leading provider of innovative precision-marketing solutions. VNU MI, Inc. is a subsidiary of VNU, Inc, the fourth largest information services See Information Systems. company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , which also includes Nielsen Media Research, SRDS SRDS Symposium on Reliable Distributed Systems SRDS Standard Rate and Data Service SRDS Shop Repair Data Sheets and VNU Business Media (Bill Communications, BPI (Bits Per Inch) The measurement of the number of bits stored in one linear inch of a track (storage channel) on a disk or tape. Bit density on magnetic disks has reached 800,000 bpi (800 Kbpi). See tpi, areal density and magnetic disk. BPI - bits per inch Communications, VNU eMedia, and VNU Expositions). Spectra Inc. (www.spectramarketing.com), headquartered in Chicago, IL, is the leading provider of intelligent targeting solutions to consumer packaged goods Noun 1. packaged goods - groceries that are packaged for sale foodstuff, grocery - (usually plural) consumer goods sold by a grocer plural, plural form - the form of a word that is used to denote more than one companies, Spectra is leading the development of information tools that establish a brand-specific framework for achieving Marketing ROI. The company pioneered the framework for identifying brand opportunity on a combined lifestyle-lifestage basis with the introduction of the Spectra Lifestyle/Lifestage Grid, which classifies consumer households according to six demographic and nine lifestyle criteria. Recently, Spectra has introduced widely used products to assign brand-target ratings to television shows and Web sites. About ACNielsen ACNielsen, with 1999 revenue of $1.5 billion, is the world's leading market research firm, offering measurement and analysis of marketplace dynamics, consumer attitudes and behavior, and new and traditional media in more than 100 countries. Clients include leading consumer product manufacturers and retailers, service firms, media and entertainment companies and the Internet community. Note to Editors: Look for this press release and other ACNielsen and Spectra news on the Internet at http://acnielsen.com and http://spectramarketing.com. |
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