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Digitalisation as a Prerequisite for the Groundswell Concept Encouraging the Optimisation of Investments in Online Advertising Using an Audit Approach

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  • Adam Madleňák
  • Václav Kupec
  • Vladimíra Hladíková
  • PÅ™emysl PísaÅ™
  • Michael Kupec

Abstract

In an environment of hypercompetition, Industry 4.0 and the impact of the social trend called groundswell on corporate communication mediated through social media, online advertising is critical to enterprise marketing. Moreover, the COVID-19 pandemic has accelerated the transformation from classical advertising to digital. The Controlling/Audit approach could serve as a tool for optimising online advertising performance. The paper analyses a sample of online advertisements (n=248,812) and the finding of this research points to possible significant improvement in CPT (Cost per thousand) ratio and enhanced efficiency of enterprise marketing strategies. Based on the research findings, three linear regression models were developed for improving investment in online advertising. These models were used to set up a controlling/audit approach that was experimentally tested in selected enterprises. Experimental testing proved that Controlling/Audit improved the efficiency of online advertising, in some cases, by over 50% in terms of CPT.

Suggested Citation

  • Adam Madleňák & Václav Kupec & Vladimíra Hladíková & PÅ™emysl PísaÅ™ & Michael Kupec, 2023. "Digitalisation as a Prerequisite for the Groundswell Concept Encouraging the Optimisation of Investments in Online Advertising Using an Audit Approach," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 12, September.
    • Handle: RePEc:bjz:ajisjr:2456
    DOI: https://doi.org/10.36941/ajis-2023-0123
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    References listed on IDEAS

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    1. Aleksandar Grubor & Olja Jaksa, 2018. "Internet Marketing as a Business Necessity," Interdisciplinary Description of Complex Systems - scientific journal, Croatian Interdisciplinary Society Provider Homepage: http://indecs.eu, vol. 16(2), pages 265-274.
    2. Prerna Manik & Anshu Gupta & P. C. Jha & Kannan Govindan, 2016. "A Goal Programming Model for Selection and Scheduling of Advertisements on Online News Media," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 33(02), pages 1-41, April.
    3. Andrea Olsovska & Ladislav Mura & Marek Svec, 2016. "Personnel Management In Slovakia: An Explanation Of The Latent Issues," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 13(2), pages 110-120, June.
    4. Krystyna Jarek & Grzegorz Mazurek, 2019. "Marketing and Artificial Intelligence," Central European Business Review, Prague University of Economics and Business, vol. 2019(2), pages 46-55.
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