Frank Bass

Frank M. Bass (December 27, 1926 – December 1, 2006) was an American academic in the field of marketing research and marketing science. He was the creator of the Bass diffusion model that describes the adoption of new products and technologies by first-time buyers. He died on December 1, 2006.

For American blues singer, see Frank Bey.
Frank M. Bass
Born(1926-12-27)December 27, 1926
Cuero, Texas
DiedDecember 1, 2006(2006-12-01) (aged 79)
OccupationAcademic, Director of PhD programs at University of Texas, Dallas

Career

Bass grew up in the small town of Cuero, Texas. He served in the United States Navy for two years (1944–46).

He received his B.B.A. from Southwestern University in 1949, and his M.B.A. from the University of Texas in 1950. After completing his M.B.A. at Texas, he became interested in marketing issues. He worked as a teaching assistant and assistant professor in marketing while earning his Ph.D. at the University of Illinois in 1954. In 1957 he became an assistant professor in marketing at the University of Texas.

In 1959, Bass was made a Fellow at Harvard's Institute of Basic Mathematics For Application to Business. This exposure to advanced analytic methods influenced his research for the next 47 years. In 1961 he became a professor of industrial administration at the Graduate School of Purdue University. In 1969 he published the paper[1] on modeling consumer goods, which later became known as the Bass diffusion model. The model describes the process of how new products and services are adopted as the outcome of an interaction between users and potential users. The Bass Model is a well-known empirical generalization in marketing, along with the Dirichlet (Ehrenberg et al. 2004; Goodhardt et al. 2006; Goodhardt et al. 1984, Schmittlein, Bemmaor and Morrison 1985), and is widely cited in published works.[2]

In 1974 he was appointed as Loeb Distinguished Professor of Marketing at the Krannert Graduate School of Management of Purdue University. From 1972-75, Bass served as the Editor-in-Chief of Journal of Marketing Research.[3] In 1982 he returned to Texas when he was appointed Eugene McDermott Professor of Management at the University of Texas, Dallas.

Awards and recognition

In 1986 Bass was awarded the Paul D. Converse Award. In 1990 he was awarded the American Marketing Association/Richard D. Irwin/McGraw-Hill Distinguished Marketing Educator Award. He was elected to the 2002 class of Fellows of the Institute for Operations Research and the Management Sciences.[4] In 2005 Bass was awarded an honorary Doctorate by the University of South Australia, and the Ehrenberg-Bass Institute for Marketing Science at the University was named partially in his honor.

His research contributions over a 52-year career in academics and private consulting ranged widely over a broad set of marketing issues. Using models and advanced statistical techniques often adapted from economics and the social sciences, he made fundamental contributions that changed the way marketing was taught in universities and applied in business [5]  · [6] Bass is one of the most frequently cited marketing researchers in professional journals and other scholarly publications[7][8][9][10]

gollark: Markets seem to be the best way around to allocate most resources right now, as long as they're managed reasonably. The alternatives people have seem to generally involve either centrally planning stuff, which is maybe computationally hard and has bad incentives, having some communal system and hoping people get along, which doesn't scale, or voting on things, which has the central planning issues plus exciting new ones.
gollark: I see.
gollark: Something involving lots of effort doesn't make it good. Human culture has a weird thing with effort and hard work being intrinsically good and not just good as a way to achieve other things.
gollark: You'd assume someone would have come up with some way to check.
gollark: BRB, renaming self to Lockheed to obtain government funding.

See also

References
  1. ^ Bass, Frank (1969). "A new product growth model for consumer durables". Management Science 15 (5): p215–227. doi:10.1287/mnsc.15.5.215.
  2. "The Bass diffusion model". Archived from the original on 2013-12-08. Retrieved 2013-12-12.
  3. https://www.ama.org/previous-editors-journal-of-marketing-research/
  4. Fellows: Alphabetical List, Institute for Operations Research and the Management Sciences, archived from the original on 2019-05-10, retrieved 2019-10-09
  5. Diffusion model basics
  6. Diffusion Models: Managerial Applications and Software, by Gary Lilien, Arvind Rangaswamy, The Pennsylvania State University, and Christophe Van den Bulte, University of Pennsylvania, ISBM Report 7-1999,
  7. Demystifying the Bass Diffusion Model: the hidden role of distribution channel Sungjoon Nam1, Rutgers Business School, Feb 2011,
  8. Note on Life Cycle Diffusion Models, John R. Hauser, MIT Sloan Courseware,
  9. Stochastic Forecasting of New Product Diffusion With Adherence to Historical Data, Presented by Michael A. Kubica,
  10. Innovators and Imitators Versus the Bass Model, by Christophe Van den Bulte, The Wharton School, University of Pennsylvania,
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