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Marketing Information System

The marketing information system consists of people, equipment, and processes to gather, analyze, and distribute market data to decision-makers. It assesses information needs, develops needed data through internal records, marketing intelligence of competitors, and marketing research. Marketers obtain internal data from within the company and intelligence by monitoring publicly available information on competitors. Marketing research involves the systematic and purposeful collection of primary data through surveys or experiments, or secondary data from existing sources, to inform specific situations.

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Marina Ivannikova
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27 views

Marketing Information System

The marketing information system consists of people, equipment, and processes to gather, analyze, and distribute market data to decision-makers. It assesses information needs, develops needed data through internal records, marketing intelligence of competitors, and marketing research. Marketers obtain internal data from within the company and intelligence by monitoring publicly available information on competitors. Marketing research involves the systematic and purposeful collection of primary data through surveys or experiments, or secondary data from existing sources, to inform specific situations.

Uploaded by

Marina Ivannikova
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Marketing information

system
Marketing information system (MIS) consists of people, equipment,
and procedures to gather, sort, analyze, evaluate, and distribute
needed, timely, and accurate information to marketing decision
makers.
• Assess the information needs
• Develop needed information
• Analyze information
• Distribute information
Assessing Marketing Information Needs
Developing Marketing Information

Marketers can obtain information from:


• Internal data
• Marketing intelligence
• Marketing research
Developing Marketing Information

Internal Data

• Internal databases are electronic collections


of consumer and market information
obtained from data sources within the
company network, including accounting,
marketing, customer service, and sales
departments.
Developing Marketing Information
Advantages and Disadvantage of Internal
Databases

Advantages: Disadvantages:
• Can be accessed more
• Incomplete information
quickly • Wrong form for decision
making
• Less expensive
• Timeliness of information
• Amount of information
• Need for sophisticated
equipment and
techniques
Developing Marketing Information
Marketing Intelligence

• Marketing intelligence is the systematic collection and


analysis of publicly available information about competitors
and developments in the marketplace.
• The goal of marketing intelligence is to:
• Improve strategic decision making,
• Assess and track competitors’ actions
• Provide early warning of opportunities and threats.
Marketing Intelligence

● The most important sources are:


● Published sources such as books, magazines, journals etc
● Directly from customers, intermediaries and sales personnel
● Appointed specialists to conduct mystery shopping to collect data
regarding competitors
● Competitors information is collected by buying their products,
attending their press conference, trade shows and reading their
annual reports
● Information is also collected from marketing research agencies
Marketing Research

Marketing research is the systematic design,


collection, analysis, and reporting of data
relevant to a specific marketing situation
facing an organization.
Secondary data: Information collected for another purpose which
already exists
Primary data: Information collected for the specific purpose at hand

• Secondary data sources: • Primary research decisions:


• Government information • Research approaches
• Internal, commercial, and online databases
• Publications • Contact methods
Advantages: • Sampling plan
• Obtained quickly • Research instruments
• Less expensive than primary data
Disadvantages:
• Information may not exist or may not be usable

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