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Chapter One
A Decision Making
Perspective on
Marketing Intelligence
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Market Research
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Business Intelligence
BI is the ability to access data from multiple sources within an
organization and deliver it to business users for analysis
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Business Intelligence
Business Intelligence
Financial
Intelligence
Management
Intelligence
Marketing
Intelligence
....................
Customer Relationship
Marketing/ Database Marketing
Marketing
Research
Primary Sources
Accounting
Intelligence
Secondary Sources
Standardized Sources
Provide data on
Prospects
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Customers
Competition
Products/Markets
Marketing Research 10th Edition
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Marketing Research
Marketing Research, a critical part of Marketing Intelligence
helps by providing accurate, relevant and timely (ART)
information
Links consumer, customer, and public to the marketer
through information used to:
Identify and define marketing opportunity and
problems
Generate, redefine and evaluate marketing actions
Monitor marketing performance
Improve understanding of marketing as a process
(from AMAs official definition of Marketing Research)
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Strategy
Development
Marketing
Program
Development
Implementation
Performance monitoring
Refining strategies and program
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Situation Analysis
Analysis of
Market environment
Market characteristics
Consumer behavior
Research Approaches
Organize information obtained from prior studies
(secondary)
Focus groups
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Strategy Development
Market Research Provides Information to Assist
Management With Three Critical Decisions:
What business should we be in?
How will we compete?
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Product decisions
Price decisions
Distribution decisions
Branding decisions
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Implementation
Starts with decision to proceed with a new program or strategy
Set specific measurable objectives for all elements of marketing program
Shift research focus to :
"Did the elements achieve their objectives?"
Should the marketing program be continued, discontinued, revised or
expanded?"
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Abuse of Respondents
Falsifying answers
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hopes to make women think about the toothpaste in the same light as
skin care lotions and shampoo.
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Solution:
In 1999, Harley-Davidson started a rental program which provided a way to hook
customers on riding and thereby entice them into buying a motorcycle.
40 percent of those enrolled in the program were female and about 30 percent
were under the age of 35
Result:
Motorcycles rented went up from 401 days in 1999 to a total of 224,134 days
worldwide in 2004.
32 percent of rental customers surveyed bought a bike or placed an order after
renting, another 37 percent were planning to buy one within a year.
Nearly half of the renters spent more than $100 on Harley-Davidson accessories,
such as T-shirts and gloves.
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