IDEAS home Printed from https://ideas.repec.org/a/aio/manmar/v6y2008i1p175-184.html
   My bibliography  Save this article

Understanding Customers - Profiling And Segmentation

Author

Listed:
  • Mircea Andrei SCRIDON

    (Babes-Bolyai University, Cluj-Napoca, Romania)

Abstract

In any industry, the first step to finding and creating profitable customers is determining what drives profitability. This leads to better prospecting and more successful customer relationship management. Any company can segment and profile their customer base to uncover those profit drivers using the knowledge of their customers, products, and markets. Or they can use data-driven techniques to find natural clusters in their customer or prospect base. Whatever the method, the process will lead to kn

Suggested Citation

  • Mircea Andrei SCRIDON, 2008. "Understanding Customers - Profiling And Segmentation," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 6(1), pages 175-184, November.
    • Handle: RePEc:aio:manmar:v:6:y:2008:i:1:p:175-184
    as

    Download full text from publisher

    File URL: http://www.mnmk.ro/documents/2008/2008-22.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. David J. Hand & Heikki Mannila & Padhraic Smyth, 2001. "Principles of Data Mining," MIT Press Books, The MIT Press, edition 1, volume 1, number 026208290x, April.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Renato Bruni, 2007. "Reformulation of the support set selection problem in the logical analysis of data," Annals of Operations Research, Springer, vol. 150(1), pages 79-92, March.
    2. Fernandez del Pozo, J. A. & Bielza, C. & Gomez, M., 2005. "A list-based compact representation for large decision tables management," European Journal of Operational Research, Elsevier, vol. 160(3), pages 638-662, February.
    3. Le, Hong Hanh & Viviani, Jean-Laurent, 2018. "Predicting bank failure: An improvement by implementing a machine-learning approach to classical financial ratios," Research in International Business and Finance, Elsevier, vol. 44(C), pages 16-25.
    4. Li, Hui & Sun, Jie, 2009. "Hybridizing principles of the Electre method with case-based reasoning for data mining: Electre-CBR-I and Electre-CBR-II," European Journal of Operational Research, Elsevier, vol. 197(1), pages 214-224, August.
    5. Marianne Hörlesberger & Ivana Roche & Dominique Besagni & Thomas Scherngell & Claire François & Pascal Cuxac & Edgar Schiebel & Michel Zitt & Dirk Holste, 2013. "A concept for inferring ‘frontier research’ in grant proposals," Scientometrics, Springer;Akadémiai Kiadó, vol. 97(2), pages 129-148, November.
    6. Matevž Kunaver & Árpád Bűrmen & Iztok Fajfar, 2022. "Automatic Grammatical Evolution-Based Optimization of Matrix Factorization Algorithm," Mathematics, MDPI, vol. 10(7), pages 1-22, April.
    7. Hekimoğlu, Mustafa & Sevim, Ismail & Aksezer, Çağlar & Durmuş, İpek, 2019. "Assortment optimization with log-linear demand: Application at a Turkish grocery store," Journal of Retailing and Consumer Services, Elsevier, vol. 50(C), pages 199-214.
    8. Yalcin, Ahmet Selcuk & Kilic, Huseyin Selcuk & Delen, Dursun, 2022. "The use of multi-criteria decision-making methods in business analytics: A comprehensive literature review," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    9. Xue, Puning & Zhou, Zhigang & Fang, Xiumu & Chen, Xin & Liu, Lin & Liu, Yaowen & Liu, Jing, 2017. "Fault detection and operation optimization in district heating substations based on data mining techniques," Applied Energy, Elsevier, vol. 205(C), pages 926-940.
    10. Min-feng Lee & Guey-shya Chen & Shao-pin Lin & Wei-jie Wang, 2022. "A Data Mining Study on House Price in Central Regions of Taiwan Using Education Categorical Data, Environmental Indicators, and House Features Data," Sustainability, MDPI, vol. 14(11), pages 1-15, May.
    11. Caruso, Germán & Scartascini, Carlos & Tommasi, Mariano, 2015. "Are we all playing the same game? The economic effects of constitutions depend on the degree of institutionalization," European Journal of Political Economy, Elsevier, vol. 38(C), pages 212-228.
    12. MARIA Dan Stefan, 2009. "Improving The Quality Of The Decision Making By Using Business Intelligence Solutions," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 4(1), pages 996-1000, May.
    13. Paolo Giudici & Emanuela Raffinetti, 2020. "Lorenz Model Selection," Journal of Classification, Springer;The Classification Society, vol. 37(3), pages 754-768, October.
    14. M. Almiñana & L. Escudero & A. Pérez-Martín & A. Rabasa & L. Santamaría, 2014. "A classification rule reduction algorithm based on significance domains," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 22(1), pages 397-418, April.
    15. Silvia Figini & Ron Kenett & SILVIA SALINI, 2010. "Integrating Operational and Financial Risk Assessments," UNIMI - Research Papers in Economics, Business, and Statistics unimi-1099, Universitá degli Studi di Milano.
    16. Marlene A. Smith, 2015. "Output from Statistical Predictive Models as Input to eLearning Dashboards," Future Internet, MDPI, vol. 7(2), pages 1-14, June.
    17. Leon Bobrowski & Tomasz Łukaszuk & Bengt Lindholm & Peter Stenvinkel & Olof Heimburger & Jonas Axelsson & Peter Bárány & Juan Jesus Carrero & Abdul Rashid Qureshi & Karin Luttropp & Malgorzata Debowsk, 2014. "Selection of Genetic and Phenotypic Features Associated with Inflammatory Status of Patients on Dialysis Using Relaxed Linear Separability Method," PLOS ONE, Public Library of Science, vol. 9(1), pages 1-10, January.
    18. Tasadduq Imam, 2021. "Model selection for one‐day‐ahead AUD/USD, AUD/EUR forecasts," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(2), pages 1808-1824, April.
    19. Li, Francis G.N. & Bataille, Chris & Pye, Steve & O'Sullivan, Aidan, 2019. "Prospects for energy economy modelling with big data: Hype, eliminating blind spots, or revolutionising the state of the art?," Applied Energy, Elsevier, vol. 239(C), pages 991-1002.
    20. James T. Bang & Atin Basuchoudhary & Aniruddha Mitra, 2021. "Validating Game-Theoretic Models of Terrorism: Insights from Machine Learning," Games, MDPI, vol. 12(3), pages 1-20, June.

    More about this item

    Keywords

    profiling; segmentation; penetration analysis; cluster analysis;
    All these keywords.

    JEL classification:

    • M30 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:manmar:v:6:y:2008:i:1:p:175-184. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catalin Barbu (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.