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    Managing MarketingInformation

    Chapter 4

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    Learning Goals

    1. Explain the importance ofinformation to the company

    2. Dene the marketing informationsystem

    3. Otline the steps in the marketresearch process

    4. Explain ho! companies analy"e

    an# #istri$te information%. Discss special isses facing

    market researchers

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    Case &t#y'e! Coke

    'e! Coke

    (ro#ct )ailre

    (oor sales O*er 1+%,, phone

    calls a #ay fromangry cstomers

    Ol# Coke retrns in

    only 3 months

    -as #e largelyto esearch

    )ailre

    /este# on taste only 0not intangi$les

    Decisions $ase# on, ratings

    ll for 4 million5

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    6arketing 7nfo. &ystem

    6arketing 7nformation &ystem867&9

    Consists of people+ e:ipment+an# proce#res to gather+ sort+analy"e+ e*alate+ an# #istri$tenee#e#+ timely+ an# accrateinformation to marketing#ecision makers.

    Goal 2: Defne the Marketing Inormation System

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    6arketing 7nfo. &ystem

    ;egins an# En#s !ith 7nformationelps sers analy"e information for

    marketing #ecisions Distri$tes the marketing information an#

    helps managers se it for #ecision making

    Goal 2: Defne the Marketing Inormation System

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    ssessing 6arketing

    7nformation 'ee#s /he 67& ser*es company

    managers as !ell as external

    partners /he 67& mst $alance nee#s

    against feasi$ility= 'ot all information can $e

    o$taine#. O$taining+ processing+ sorting+ an#

    #eli*ering information is costly

    Goal 2: Defne the Marketing Inormation System

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    De*eloping 6arketing

    7nformation 7nternal #ata is gathere#*ia cstomer #ata$ases+nancial recor#s+ an#operations reports.

    #*antages incl#e:ick?easy access toinformation.

    Disa#*antages stem fromthe incompleteness or

    inappropriateness of #atato a particlar sitation.

    Internal data

    Marketingintelligence

    Marketingresearch

    &orces of&orces of

    7nfo7nfo

    Goal 2: Defne the Marketing Inormation System

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    De*eloping 6arketing

    7nformation Marketing intelligenceisthe systematic collectionan# analysis of p$liclya*aila$le informationa$ot competitors an#tren#s in the marketingen*ironment.

    Competiti*e intelligencegathering acti*ities ha*egro!n #ramatically.

    6any sorces of

    competiti*e informationexist.

    Internal data

    Marketingintelligence

    Marketingresearch

    &orces of&orces of

    7nfo7nfo

    Goal 2: Defne the Marketing Inormation System

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    &orces ofCompetiti*e 7ntelligence

    Companyemployees

    7nternet Gar$age

    ($lishe#information

    Competitor@semployees

    /ra#e sho!s ;enchmarking

    Channelmem$ers an#

    key cstomers

    Goal 2: Defne the Marketing Inormation System

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    De*eloping 6arketing

    7nformationMarketing researchis thesystematic #esign+collection+ analysis+ an#

    reporting of #ata rele*antto a specic marketingsitation facing anorgani"ation.

    Internal data

    Marketingintelligence

    Marketingresearch

    &orces of&orces of

    7nfo7nfo

    Goal 2: Defne the Marketing Inormation System

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    &teps in the 6arketingesearch (rocess=

    1. Dening the pro$lem an#research o$Aecti*es.

    2. De*eloping the research planfor collecting information.

    3. 7mplementing the research plan0 collecting an# analy"ing the

    #ata.4. 7nterpreting an# reporting the

    n#ings.

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    &tep 1= Dening thepro$lem an# research

    o$Aecti*es /he manager an# the researcher

    mst !ork together.

    /hese o$Aecti*es gi#e theentire process.

    Exploratory+ #escripti*e+ an#casal research each flll

    #iBerent o$Aecti*es.

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    &tep 2= De*eloping the

    esearch (lan /he research plan is a !ritten

    #ocment that otlines the type

    of pro$lem+ o$Aecti*es+ #atanee#e#+ an# the seflness of thereslts. 7ncl#es= &econ#ary #ata= 7nformation

    collecte# for another prpose thatalrea#y exists.

    (rimary #ata= 7nformation collecte#for the specic prpose at han#

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    &econ#ary Data

    &econ#ary #ata sorces= Go*ernment information

    7nternal+ commercial+ an# online #ata$ases

    ($lications

    #*antages= O$taine# :ickly

    Less expensi*e than primary #ata

    Disa#*antages= 7nformation may not exist or may not $e

    sa$le

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    E*alate the )ollo!ing -hen

    #ging Data ality

    ele*ance

    ccracy

    Crrency

    7mpartiality

    &econ#ary Data

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    (rimary Data

    (rimary research #ecisions= esearch approaches

    Contact metho#s &ampling plan

    esearch instrments

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    (rimary Data

    O$ser*ation research singpeople or machines

    Disco*ers $eha*ior$t not moti*ations.&r*ey research

    EBecti*e for#escripti*einformation.

    Experimental research 7n*estigates case

    an# eBectrelationships.

    Research Approach

    Contact Method

    Sampling Plan

    Research Instrument

    DecisionsDecisions

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    (rimary Data

    ey Contact 6etho#s7ncl#e= 6ail sr*eys /elephone sr*eys (ersonal inter*ie!ing=

    7n#i*i#al or focsgrop

    Online research

    Research Approach

    Contact Method

    Sampling Plan

    Research Instrument

    DecisionsDecisions

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    Strengths an( )eaknesses o*onta't Metho(s +elate to:

    6arketing 7nfo. &ystem

    )lexi$ility

    &ample control

    Data :antity

    Cost

    7nter*ie!ereBects&pee# of #ata

    collectionesponse rate

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    (rimary Data

    &ample= s$grop ofpoplation from !hominformation !ill $e

    collecte#&ampling (lan Decisions= &ampling nit &ample si"e &ampling proce#re=

    (ro$a$ility samples

    'onFpro$a$ilitysamples

    Research Approach

    Contact Method

    Sampling Plan

    Research Instrument

    DecisionsDecisions

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    (rimary Data

    estionnaires Include open-

    ended and closed-ended questions

    Phrasing andquestion order arekey

    6echanicalinstrments

    Nielsens people

    meters Checkout scanners ye cameras

    Research Approach

    Contact Method

    Sampling Plan

    Research Instrument

    DecisionsDecisions

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    &tep 3= 7mplementing

    the esearch (lan Data is collecte# $y the company

    or an otsi#e rm

    /he #ata is then processe# an#checke# for accracy an#completeness an# co#e# foranalysis

    )inally+ the #ata is analy"e# $y a*ariety of statistical metho#s

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    &tep 4= 7nterpreting an#eporting the )in#ings

    /he research interprets then#ings+ #ra!s conclsions an#

    reports to management 6anagers an# researchers mst

    !ork together to interpretreslts for sefl #ecision

    making

    Goal 3: $%tline the ste&s in the market resear'h &ro'ess

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    naly"ing 6arketing

    7nformation &tatistical analysis an# analytical mo#els

    are often se#

    Cstomer relationship management8C69 soft!are helps manage information$y integrating cstomer #ata from allsorces !ithin a company

    C6 soft!are oBers many $enets an#can help a rm gain a competiti*ea#*antage !hen se# as part of a totalC6 strategy

    Goal 4: ,&lain ho. 'om&anies analy/e0(istri1%te marketing inormati

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    Distri$ting an#

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    Other Consi#erations

    6arketing research in small$sinesses an# notFforFprot

    organi"ations 7nternational marketing

    research

    ($lic policy an# ethics Consmer pri*acy isses

    6isse of research n#ings

    Goal 5: Dis'%ss S&e'ial Iss%es a'ing Market +esear'hers