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Chapter 4 Gathering Information and Measuring Market Demand

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1 Chapter 4 Gathering Information and Measuring Market Demand
Marketing Management Tenth Edition Philip Kotler

2 Objectives Components of a marketing information system
Criteria of good marketing research Decision support systems for marketing management Demand measurement and forecast

3 A 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. A marketing intelligence system is a set of procedures and sources used by managers to obtain everyday information about developments in the marketing environment.

4 Defining the Problem & Research Objectives
Sheds light on problem - suggest solutions or new ideas. Exploratory Research Descriptive Research Ascertain magnitudes. Causal Research Test cause- and-effect relationships. Tests hypotheses about cause- and-effect relationships.

5 Research Approaches Observational Focus-group Survey Behavioral
Experimental

6 Secondary-Data Sources
Internal Sources Government Publications Periodicals and Books Commercial Data On-Line Associations Business Information

7 The Marketing Research Process
Defining the problem and research objectives Developing the research plan Collect the information Analyze the information Present the findings

8 Good Marketing Research:
Is scientific Is creative Uses multiple methods Realizes the interdependence of models & data Acknowledges the cost & value of information Maintains “healthy” skepticism Is ethical

9 Ninety Types of Demand Measurement (6 x 5 x 3)
Territory Region U.S.A. Customer World Space level Short run Medium run Long run Time level All sales Company sales Product line sales Product form sales Product item sales Industry sales Product level

10 Demand Company Demand Market Demand

11 Estimating Current Demand
Total Market Potential Area Market Potential Industry Sales Market Share

12 Estimating Future Demand
Survey of Buyers’ Intentions Composite of Sales Force Opinion Expert Opinion Past Sales Analysis Market Test Method

13 Review Components of a marketing information system
Criteria of good marketing research Decision support systems for marketing management Demand measurement and forecast


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