Marketing expenditures on sponsorship have increased considerably over the past several years, but progress in measuring and assessing sponsorship’s business impact has been marginal, according to Improving Sponsorship Accountability Metrics, a new study conducted by the ANA (Association of National Advertisers) and MASB (Marketing Accountability Standards Board) to provide greater insight and guidance into sponsorship …
By working with ISO Consultants, the International Organization for Standardization, MASB is playing an increasingly influential role in the development of new global brand standards. In 2007, ISO set up Technical Committee 289 to draft an international standard on monetary brand valuation. Released in 2010, ISO 10668 Brand Valuation set out principles for valuing …
The recently released ISO 20671 Brand Evaluation standard puts forth a “rigorous framework and set of principles” for regular brand evaluation reporting. Included in the list of example financial metrics is return on brand and marketing investments. Yet no details on best practices for reporting such metrics are included. This can lead to ambiguity given …
The University of South-Eastern Norway has joined MASB as an academic member. USN was established in 2016 as the merger of two colleges. The School of Business serves about 4,400 students on five campuses. Representing USN as a MASB Advisor is Kåre Sandvik, PhD, Professor of Marketing. His research includes market orientation, product innovations, interorganizational …
The new ISO standard for Brand Evaluation is the Golden Ticket for marketers as it offers an integrated reporting process for brand value. MASB represented the U.S. in the development of ISO 20671 under the auspices of the American National Standards Institute (ANSI). ISO Technical Committee 289, which crafted the new standard, is meeting …
A new global standard for brand evaluation, ISO 20671, recognizes that a brand’s primary purpose is to increase total business value, reduce risk, and extend the sustainable existence of the brand-owning entity. For the first-time, brand owners have a globally applicable and accepted approach to monitoring their brands, and according to MASB, the Marketing Accountability Standards Board, …
With a recently issued ISO global standard for brand evaluation calling for a better understanding of brands, MASB has added a section on the impact of tax rate changes on brand value to its previously released white paper, Applying the Brand Investment & Valuation Model. This guided tour through the model covers the steps …
A conversation on sponsorship accountability begun at MASB Winter Summit 2018 in February is slated to continue at the ANA Advertising Financial Management Conference, April 29 – May 2 in Hollywood, Florida. MASB Director Karen Ebben of Global Marketing Impact and MASB President/CEO Tony Pace, both members of MASB’s Sponsorship Accountability Metrics Project, will present …
MASB is honored to welcome College of Charleston as a member. The Business Research Guide ranks it 15th among the top 30 prominent business schools for global business and study abroad programs. The school’s mission is “to prepare socially responsible students for career opportunities around the world.” Representing the school as a MASB advisor will be Robert Pitts, Professor of Marketing …
The Forbes CMO Practice and MASB are hosting an exclusive gathering of performance-led marketers to share proven ways to measure and grow the contribution of marketing investments and strategies to enterprise value. The event takes place May 17, 2018, 8AM to Noon at Forbes on Fifth in New York City. In this morning session, analysts, academics and marketing …