This chapter discusses components of a modern marketing information system. It addresses the importance of marketers identifying marketplace changes and being trend trackers. An effective marketing information system consists of collecting internal records, marketing intelligence, and marketing research to distribute timely and accurate information to decision makers. The system has three components: an internal records system, a marketing intelligence system, and a marketing research system.
Developing and implementing marketing plans requires a number of decisions.
By having the right marketing information system in place, marketers will be able to draw a verifiable decision based on their database.
This document provides a summary of a research paper on marketing analytics for data-rich environments. It discusses the historical development of marketing data and analytics, from early uses of survey and sales data to today's abundance of digital data sources. It examines how analytics are applied in key domains like customer relationship management, marketing mix optimization, and personalization. The document also identifies future directions for analytics research in areas like optimizing marketing spending, personalization, and addressing privacy/security issues. Overall, the summary highlights how analytics have become central to marketing as data availability has grown exponentially in recent decades.
A free version of Wal-Mart Stores, Inc. SWOT analysis 2017. To get the full presentation buy the SWOT here: https://www.strategicmanagementinsight.com/swot-analyses/walmart-swot-analysis.html
The main thesis of this article is that several long term trends are reshaping marketing and forcing marketing managers to change radically to keep up. These long term trends are technological, socioeconomic and geopolitical. The future landscape of the business worldwide will have the marketing evolutions as a driver. These evolutions will be the response to the changes of business and marketing environment. How we see the future depends partly on our current perspective. A research oriented visionary will detail what the future brings for researchers. A technology oriented one describes the wonders of coming technologies. Marketing managers are likely concerned with future developments in their specific areas of responsibility i.e., advertising and promotion, branding, or supply chain . Academics likely look for the hot new research topics. S. Balaji | A. Jayaprakash | K. Prabhakaravarman "The Future Trends on Marketing" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-5 , August 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33107.pdf Paper Url :https://www.ijtsrd.com/management/marketing/33107/the-future-trends-on-marketing/s-balaji
The document discusses and compares two approaches to market research: ethnography and datamining. It provides details on each approach, including that ethnography involves immersing oneself in a user community over several months to observe behaviors and capture qualitative data through interviews and recordings, while datamining analyzes large databases using statistical and machine learning techniques to find unexpected relationships. It also outlines the steps in the marketing research process and various methods, instruments, and techniques used to define problems, collect and analyze information, and make decisions.
Marketing Information System (MIS) Feasibility Study and Data ModelingSami Ulhaq
1. The document proposes establishing a Marketing Information System (MIS) unit in Pakistan to gather, analyze, and disseminate market intelligence and information to various stakeholder groups including farmers, traders, exporters, and the government.
2. The MIS unit would collect domestic and international market data, develop a website, and run awareness campaigns tailored to each stakeholder group. This would help address knowledge deficits and facilitate trade.
3. Setting up a sustainable MIS is challenging. Options for an institutional structure include using existing government statistics agencies or creating an autonomous semi-governmental organization that can generate and retain its own revenue.
Wal-Mart, Strategic Development of the company in recent yearsMavlono Uz
Strategic Development of Wal-Mart in recent years and influences of Environmental Models in its startegic development procedure and P Generic Startegy model in Company
The document discusses Marketing Information Systems (MKIS), which interact with information users to assess needs, develop internal and external information, and help users analyze information for marketing decisions. It defines MKIS and outlines their key functions, components, and processes. Specifically, it discusses developing marketing information through internal data, marketing intelligence, and marketing research. It also addresses the cost-benefit aspects and challenges of implementing effective MKIS.
Developing and implementing marketing plans requires a number of decisions.
By having the right marketing information system in place, marketers will be able to draw a verifiable decision based on their database.
This document provides a summary of a research paper on marketing analytics for data-rich environments. It discusses the historical development of marketing data and analytics, from early uses of survey and sales data to today's abundance of digital data sources. It examines how analytics are applied in key domains like customer relationship management, marketing mix optimization, and personalization. The document also identifies future directions for analytics research in areas like optimizing marketing spending, personalization, and addressing privacy/security issues. Overall, the summary highlights how analytics have become central to marketing as data availability has grown exponentially in recent decades.
A free version of Wal-Mart Stores, Inc. SWOT analysis 2017. To get the full presentation buy the SWOT here: https://www.strategicmanagementinsight.com/swot-analyses/walmart-swot-analysis.html
The main thesis of this article is that several long term trends are reshaping marketing and forcing marketing managers to change radically to keep up. These long term trends are technological, socioeconomic and geopolitical. The future landscape of the business worldwide will have the marketing evolutions as a driver. These evolutions will be the response to the changes of business and marketing environment. How we see the future depends partly on our current perspective. A research oriented visionary will detail what the future brings for researchers. A technology oriented one describes the wonders of coming technologies. Marketing managers are likely concerned with future developments in their specific areas of responsibility i.e., advertising and promotion, branding, or supply chain . Academics likely look for the hot new research topics. S. Balaji | A. Jayaprakash | K. Prabhakaravarman "The Future Trends on Marketing" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-5 , August 2020, URL: https://www.ijtsrd.com/papers/ijtsrd33107.pdf Paper Url :https://www.ijtsrd.com/management/marketing/33107/the-future-trends-on-marketing/s-balaji
The document discusses and compares two approaches to market research: ethnography and datamining. It provides details on each approach, including that ethnography involves immersing oneself in a user community over several months to observe behaviors and capture qualitative data through interviews and recordings, while datamining analyzes large databases using statistical and machine learning techniques to find unexpected relationships. It also outlines the steps in the marketing research process and various methods, instruments, and techniques used to define problems, collect and analyze information, and make decisions.
Marketing Information System (MIS) Feasibility Study and Data ModelingSami Ulhaq
1. The document proposes establishing a Marketing Information System (MIS) unit in Pakistan to gather, analyze, and disseminate market intelligence and information to various stakeholder groups including farmers, traders, exporters, and the government.
2. The MIS unit would collect domestic and international market data, develop a website, and run awareness campaigns tailored to each stakeholder group. This would help address knowledge deficits and facilitate trade.
3. Setting up a sustainable MIS is challenging. Options for an institutional structure include using existing government statistics agencies or creating an autonomous semi-governmental organization that can generate and retain its own revenue.
Wal-Mart, Strategic Development of the company in recent yearsMavlono Uz
Strategic Development of Wal-Mart in recent years and influences of Environmental Models in its startegic development procedure and P Generic Startegy model in Company
The document discusses Marketing Information Systems (MKIS), which interact with information users to assess needs, develop internal and external information, and help users analyze information for marketing decisions. It defines MKIS and outlines their key functions, components, and processes. Specifically, it discusses developing marketing information through internal data, marketing intelligence, and marketing research. It also addresses the cost-benefit aspects and challenges of implementing effective MKIS.
Market research the risk of inaccurate translation july 27th 2015 (2) 2-Robin -Ayoub-
This white paper is very interesting take on how misinterpreted language dialogue or survey information can lead to inaccurate product development/services. Marketers, Entrepreneurs, Product developers and anyone interested in reaching out to various demographic groups for opinion or information, should read this document.
The document summarizes two articles on supply chain management. The first article discusses how trends like global sourcing, multichannel distribution, and relationship-based innovation are transforming retail and leading to improvements in brand image, sales, profits, and relationships. The second article presents a literature review on theoretical perspectives on information sharing in supply chains, identifying transaction cost economics, contingency theory, and relational governance theories as predominant lenses. It proposes an integrative conceptual framework to research different aspects of information sharing.
THE ECONOMIST - CREATING GROWTH IN A FLAT WORLDOliver Grave
This document outlines a three-step process for identifying, quantifying, and capturing corporate growth opportunities:
1. Identify growth opportunities through situation analysis and idea generation to find 20-60% potential growth over five years in areas like new geographies, adjacent product categories, and added product features.
2. Quantify the opportunities through standardized analysis of potential profits, risks, and resource needs to enable prioritization.
3. Capture opportunities by overcoming organizational inertia through a multi-year process of jolting the organization with ambitious growth plans, considering opportunities, and taking action, potentially by establishing independent business units for growth efforts. However, capturing significant growth remains difficult due to diseconomies of scale within
This document discusses market research and identifying international business opportunities. It provides an overview of key considerations for conducting market research when expanding a business internationally. These include evaluating a company's competencies and resources, understanding the competitive landscape and business environment in target markets, and utilizing various primary and secondary sources for collecting market data and insights from countries of interest. The document also presents a step-by-step process for conducting international market research and analyzes the example of the Indian snack food company Haldiram's successful expansion into international markets through strategic market research.
Google is a multinational technology company that provides internet-related products and services. To expand internationally, Google localized its search engine interface and launched country-specific websites in over 100 languages. It also opened offices worldwide and made acquisitions to extend its product offerings. While aiming to provide consistent global services, Google adapts to local requirements by hiring local staff, complying with government restrictions, and customizing its interface for different cultures. This allows Google to better serve users internationally while navigating regional differences.
IMPLICATIONS OF MARKETING INFORMATION SYSTEMLibcorpio
MARKETING MANAGEMENT, MARKETING INFORMATION SYSTEM, MKIS, NEED OF THE MARKETING INFORMATION SYSTEM, COMPONENTS OF MKIS, ADVANTAGES & DISADVANTAGES MKIS, FUNCTIONS OF MKIS, ORGANIZATION STUDY, LIBCORPIO786, BUSINESS ADMINISTRATION, MANAGEMENT SCIENCE, EDUCATION AND LEARNING,
The document discusses how companies can collect marketing information and forecast demand. It describes the components of a marketing information system as including internal company records, marketing intelligence activities, and marketing research. Companies use internal records like sales data as well as marketing intelligence systems to gather external data on trends. The document also discusses factors in the macroenvironment that companies should monitor, such as demographic, economic, sociocultural, technological, and legal trends. It outlines several methods that companies can use to measure and forecast demand, including surveys, sales analysis, and expert opinions.
A marketing information system consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute timely and accurate information to marketing decision makers. It relies on internal records, marketing intelligence, and marketing research. The major responsibility for identifying marketplace changes falls to marketers, who have methods for collecting information and interact with customers. Every firm must organize a continuous flow of information for its marketing managers.
This document outlines the key components and aims of a marketing information system (MIS). It discusses how an MIS consists of internal data, marketing intelligence, marketing research, and decision support subsystems. The internal data subsystem involves collecting and storing customer and sales data from order, shipping, and billing cycles. This provides the basic information for marketing management. The goal of the unit is to understand how collecting and analyzing different types of marketing information can help support better decision making.
This document discusses the components of a modern marketing information system (MIS). An MIS consists of people, equipment, and procedures to gather, sort, analyze, and distribute timely and accurate information to marketing decision-makers. It is developed from a company's internal records, marketing intelligence activities, and marketing research. Marketing research involves analyzing the macroenvironment, including demographic, economic, social/cultural, natural, technological, and political/legal forces. Companies that understand consumption patterns and have superior market information through an effective MIS can gain a competitive advantage.
This document discusses components of a modern marketing information system (MIS). It covers gathering market insights through internal records, marketing intelligence activities, and marketing research. Key aspects of an MIS include people, equipment, and procedures to collect, analyze, and distribute timely and accurate information to marketing decision-makers. It also discusses analyzing the macroenvironment, including demographic, economic, social/cultural, natural, technological, and political/legal forces. The overall purpose is to understand consumption patterns and trends to gain a competitive advantage.
Taking advantage of new market opportunities articleMarket Insights
The document discusses 10 areas of opportunity for financial institutions in 2011 based on changes in the marketplace. The first opportunity is to truly know your market through quantitative data on demographics, psychographics, competition, product usage, and projected growth. This will help institutions target specific market segments rather than aiming for the mass market. The second opportunity is to acknowledge the post-recession consumer mindset of reduced spending and changed financial behaviors. Other opportunities include drawing inspiration from innovative companies outside of finance, ensuring parity with evolving consumer expectations, strategically choosing which new opportunities to pursue, institutionalizing marketing throughout the organization, and highly targeting specific market segments.
Gathering information and scanning the environmentbilal-ilyas88
The document discusses gathering marketing information and scanning the environment. It defines a marketing information system as consisting of people, equipment, and procedures to gather, analyze, and distribute needed information to marketing decision makers. It also discusses internal records, marketing intelligence systems, analyzing the macroenvironment, trends shaping the business landscape, and forces in a company's macro and microenvironment.
This document discusses marketing information systems and their importance for analyzing opportunities and developing strategies. It begins by explaining how companies need to understand their marketing environment to identify opportunities and threats. It then describes the key components of a marketing information system, including assessing information needs, developing information through internal records, marketing intelligence, and research. It discusses the subsystems of a marketing information system and why acquiring information is important for predicting the future and making strategic decisions.
Marketing management book 1 st sem mba @ bec domsBabasab Patil
This document provides an overview of marketing management concepts. It discusses the nature and scope of marketing, including definitions of marketing and the types of entities that are marketed such as goods, services, experiences, events, persons, places, properties, organizations, information and ideas. It also covers analyzing consumer markets and buyer behavior, explaining how cultural, social, personal and psychological factors influence consumer decisions. Specific topics covered include reference groups, family influences, and social roles/statuses.
Numa era de mudanças organizacionais e perturbações globais sem precedentes, o relatório Global Marketing Trends 2022 apresenta as principais tendências de marketing, fruto dos desafios de negócio que enfrentamos
The bot market is expected to witness steady growth during the forecast period of 2021-2031. The growing use of bots in numerous sectors and industries is anticipated to invite considerable growth prospects. Furthermore, the growing penetration of the internet around the world may serve as a growth propeller.
Market research the risk of inaccurate translation july 27th 2015 (2) 2-Robin -Ayoub-
This white paper is very interesting take on how misinterpreted language dialogue or survey information can lead to inaccurate product development/services. Marketers, Entrepreneurs, Product developers and anyone interested in reaching out to various demographic groups for opinion or information, should read this document.
The document summarizes two articles on supply chain management. The first article discusses how trends like global sourcing, multichannel distribution, and relationship-based innovation are transforming retail and leading to improvements in brand image, sales, profits, and relationships. The second article presents a literature review on theoretical perspectives on information sharing in supply chains, identifying transaction cost economics, contingency theory, and relational governance theories as predominant lenses. It proposes an integrative conceptual framework to research different aspects of information sharing.
THE ECONOMIST - CREATING GROWTH IN A FLAT WORLDOliver Grave
This document outlines a three-step process for identifying, quantifying, and capturing corporate growth opportunities:
1. Identify growth opportunities through situation analysis and idea generation to find 20-60% potential growth over five years in areas like new geographies, adjacent product categories, and added product features.
2. Quantify the opportunities through standardized analysis of potential profits, risks, and resource needs to enable prioritization.
3. Capture opportunities by overcoming organizational inertia through a multi-year process of jolting the organization with ambitious growth plans, considering opportunities, and taking action, potentially by establishing independent business units for growth efforts. However, capturing significant growth remains difficult due to diseconomies of scale within
This document discusses market research and identifying international business opportunities. It provides an overview of key considerations for conducting market research when expanding a business internationally. These include evaluating a company's competencies and resources, understanding the competitive landscape and business environment in target markets, and utilizing various primary and secondary sources for collecting market data and insights from countries of interest. The document also presents a step-by-step process for conducting international market research and analyzes the example of the Indian snack food company Haldiram's successful expansion into international markets through strategic market research.
Google is a multinational technology company that provides internet-related products and services. To expand internationally, Google localized its search engine interface and launched country-specific websites in over 100 languages. It also opened offices worldwide and made acquisitions to extend its product offerings. While aiming to provide consistent global services, Google adapts to local requirements by hiring local staff, complying with government restrictions, and customizing its interface for different cultures. This allows Google to better serve users internationally while navigating regional differences.
IMPLICATIONS OF MARKETING INFORMATION SYSTEMLibcorpio
MARKETING MANAGEMENT, MARKETING INFORMATION SYSTEM, MKIS, NEED OF THE MARKETING INFORMATION SYSTEM, COMPONENTS OF MKIS, ADVANTAGES & DISADVANTAGES MKIS, FUNCTIONS OF MKIS, ORGANIZATION STUDY, LIBCORPIO786, BUSINESS ADMINISTRATION, MANAGEMENT SCIENCE, EDUCATION AND LEARNING,
The document discusses how companies can collect marketing information and forecast demand. It describes the components of a marketing information system as including internal company records, marketing intelligence activities, and marketing research. Companies use internal records like sales data as well as marketing intelligence systems to gather external data on trends. The document also discusses factors in the macroenvironment that companies should monitor, such as demographic, economic, sociocultural, technological, and legal trends. It outlines several methods that companies can use to measure and forecast demand, including surveys, sales analysis, and expert opinions.
A marketing information system consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute timely and accurate information to marketing decision makers. It relies on internal records, marketing intelligence, and marketing research. The major responsibility for identifying marketplace changes falls to marketers, who have methods for collecting information and interact with customers. Every firm must organize a continuous flow of information for its marketing managers.
This document outlines the key components and aims of a marketing information system (MIS). It discusses how an MIS consists of internal data, marketing intelligence, marketing research, and decision support subsystems. The internal data subsystem involves collecting and storing customer and sales data from order, shipping, and billing cycles. This provides the basic information for marketing management. The goal of the unit is to understand how collecting and analyzing different types of marketing information can help support better decision making.
This document discusses the components of a modern marketing information system (MIS). An MIS consists of people, equipment, and procedures to gather, sort, analyze, and distribute timely and accurate information to marketing decision-makers. It is developed from a company's internal records, marketing intelligence activities, and marketing research. Marketing research involves analyzing the macroenvironment, including demographic, economic, social/cultural, natural, technological, and political/legal forces. Companies that understand consumption patterns and have superior market information through an effective MIS can gain a competitive advantage.
This document discusses components of a modern marketing information system (MIS). It covers gathering market insights through internal records, marketing intelligence activities, and marketing research. Key aspects of an MIS include people, equipment, and procedures to collect, analyze, and distribute timely and accurate information to marketing decision-makers. It also discusses analyzing the macroenvironment, including demographic, economic, social/cultural, natural, technological, and political/legal forces. The overall purpose is to understand consumption patterns and trends to gain a competitive advantage.
Taking advantage of new market opportunities articleMarket Insights
The document discusses 10 areas of opportunity for financial institutions in 2011 based on changes in the marketplace. The first opportunity is to truly know your market through quantitative data on demographics, psychographics, competition, product usage, and projected growth. This will help institutions target specific market segments rather than aiming for the mass market. The second opportunity is to acknowledge the post-recession consumer mindset of reduced spending and changed financial behaviors. Other opportunities include drawing inspiration from innovative companies outside of finance, ensuring parity with evolving consumer expectations, strategically choosing which new opportunities to pursue, institutionalizing marketing throughout the organization, and highly targeting specific market segments.
Gathering information and scanning the environmentbilal-ilyas88
The document discusses gathering marketing information and scanning the environment. It defines a marketing information system as consisting of people, equipment, and procedures to gather, analyze, and distribute needed information to marketing decision makers. It also discusses internal records, marketing intelligence systems, analyzing the macroenvironment, trends shaping the business landscape, and forces in a company's macro and microenvironment.
This document discusses marketing information systems and their importance for analyzing opportunities and developing strategies. It begins by explaining how companies need to understand their marketing environment to identify opportunities and threats. It then describes the key components of a marketing information system, including assessing information needs, developing information through internal records, marketing intelligence, and research. It discusses the subsystems of a marketing information system and why acquiring information is important for predicting the future and making strategic decisions.
Marketing management book 1 st sem mba @ bec domsBabasab Patil
This document provides an overview of marketing management concepts. It discusses the nature and scope of marketing, including definitions of marketing and the types of entities that are marketed such as goods, services, experiences, events, persons, places, properties, organizations, information and ideas. It also covers analyzing consumer markets and buyer behavior, explaining how cultural, social, personal and psychological factors influence consumer decisions. Specific topics covered include reference groups, family influences, and social roles/statuses.
Numa era de mudanças organizacionais e perturbações globais sem precedentes, o relatório Global Marketing Trends 2022 apresenta as principais tendências de marketing, fruto dos desafios de negócio que enfrentamos
The bot market is expected to witness steady growth during the forecast period of 2021-2031. The growing use of bots in numerous sectors and industries is anticipated to invite considerable growth prospects. Furthermore, the growing penetration of the internet around the world may serve as a growth propeller.
Ch 3 collecting information and forecasting demand by rica baltazar v88Rica Baltazar
This document discusses the importance of collecting marketing information and having a marketing information system (MIS). It describes the key components of an MIS, including internal company records and a marketing intelligence system. It also covers analyzing trends in the macroenvironment and local applications of collecting information in the Philippines, such as using electronic medical records and a community health tracking system.
Digital transformation challenges and the marketing audit imperativeSilvia Rak
The digital transformation poses a unique opportunity for marketers: this process that puts a question mark on business models and erases whole industries offers a chance to take the marketing discipline to a more strategic level. Because at top level everything is under scrutiny, it is a springboard for everyone who would like to escape the “we’ve always done it this way” trap. But my prediction is: only few will make it.
This document provides an overview of key marketing concepts and factors affecting market decisions. It discusses definitions of market and marketing, outlines the marketing process, and explores factors like understanding customer needs that contributed to Renault Duster's success in India. The document also covers Nokia's failure to understand changing customer tastes. It identifies internal factors like company departments and external factors like demographic, economic, technological, political and cultural forces that influence marketing environment and decisions.
1. The document discusses the importance and role of marketing in business. It explains that marketing is the process of creating, communicating, and delivering value to customers in a way that benefits both the customer and the organization.
2. Marketers manage demand for a variety of products and services. They seek to influence factors like demand levels, timing and composition. Marketers also operate in different marketplaces like consumer, business, and nonprofit.
3. The document outlines the key concepts in marketing including the production concept, product concept, selling concept and marketing concept. It emphasizes that the marketing concept and holistic marketing concept are most effective today given changes in the business environment and rise of technologies.
1. The document discusses the importance and role of marketing in business. It explains that marketing is the process of creating, communicating, and delivering value to customers in a way that benefits both the customer and the organization.
2. Marketers manage demand for a variety of products and services. They seek to influence factors like demand levels, timing and composition. Marketers also operate in different marketplaces like consumer, business, and nonprofit.
3. The document outlines the key concepts in marketing including the production concept, product concept, selling concept and marketing concept. It explains how the holistic marketing concept has become most important, recognizing the interdependencies among all marketing activities.
1. The document discusses the importance and role of marketing in business. It explains that marketing is the process of creating, communicating, and delivering value to customers in a way that benefits both the customer and the organization.
2. Marketers manage demand for a variety of products and services. They seek to influence different aspects of demand.
3. Marketing must be integrated across the entire organization and affect all customer touchpoints. Both the marketing department and other departments must work together to create great customer experiences.
1. The document discusses the importance and role of marketing in business. It explains that marketing is the process of creating, communicating, and delivering value to customers in a way that benefits both the customer and the organization.
2. Marketers manage demand for a variety of products and services. They seek to influence factors like demand levels, timing and composition. Marketers also operate in different marketplaces like consumer, business, and nonprofit.
3. The document outlines the key concepts in marketing including the production concept, product concept, selling concept and marketing concept. It emphasizes that the marketing concept and holistic marketing concept are most effective today given changes in the business environment and rise of technologies.
2011 Pharma Brand Champions Will Possess Six Key Marketing Skills AdvanceMarketWoRx LLC
In our ever-changing media landscape, coupled with increasingly powerful ePatient communities, a demand for new standards has arisen. As a result, Pharma [and in reality all marketers] must accelerate their skills in six key areas to separate their marketing communications, and become brand champions. Originally published in DTC Perspectives, March 2011.
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This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
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Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
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Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
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Design Thinking Framework
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This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
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In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Garments ERP Software in Bangladesh _ Pridesys IT Ltd.pdfPridesys IT Ltd.
Pridesys Garments ERP is one of the leading ERP solution provider, especially for Garments industries which is integrated with
different modules that cover all the aspects of your Garments Business. This solution supports multi-currency and multi-location
based operations. It aims at keeping track of all the activities including receiving an order from buyer, costing of order, resource
planning, procurement of raw materials, production management, inventory management, import-export process, order
reconciliation process etc. It’s also integrated with other modules of Pridesys ERP including finance, accounts, HR, supply-chain etc.
With this automated solution you can easily track your business activities and entire operations of your garments manufacturing
proces
Garments ERP Software in Bangladesh _ Pridesys IT Ltd.pdf
Full lecture of marketing management unite 2
1.
2. Chapter II
Gathering Information and Scanning The
Environment កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
In this chapter, we will address the following issues:
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក:
1.Components of a Modern Marketing Information System
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
2. Internal Records and Marketing Intelligence
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
3. Putting Data to Work with Business Integration Software
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកក
4. Analysing the Macroenvironment
កកកកក Macroenvironment កកក
5. The Demographic Environment
កកកកកកកកកកកកកកកកកកកកកកក
6. Other Major Macroenvironments
កកកកកកកកកកកកក Macroenvironments
2
3. Components of A Modern Marketing Information
System កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
The major responsibility for identifying significant marketplace changes falls to the
company’s marketers.
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
They must be the trend trackers and opportunity seekers.
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
Marketers have two advantages: they have disciplined methods for collecting
information and they also spend more time interacting with customers and
observing competition.
កកកកកកកកកកកកកកកកកកកកកកកកកកក: កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
3Lecturer: Yann Phary, PhD Candidate
4. Components of A Modern Marketing Information
System (Con’t) កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកWHY Creating Marketing Information System (MIS)?
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក (MIS)?
Every firm must organize and distribute a continuous flow of information to its
marketing managers. កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
Marketing Information System (MIS) is designed to meet the manager’s information
needs of the company. កកកកកកកកកកកកកកកកកកកកកកក (MIS) កកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
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. កកកកកកកកកកកកកកកកកកកកកក
(កកកកកកកកកកកកកកកកកក) កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកក, កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
A marketing information system is developed from internal company records,
marketing intelligence activities, and marketing research. កកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
4
5. Components of A Modern Marketing
Information System (Con’t)
MIS has three components: MIS កកកកកកកកកកកក:
Internal records system: included information on the order-to-payment cycle and
sales reporting systems
កកកកកកកកកកកកកកកកកកកកកកកកកក: កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
Marketing intelligence system: is a set of procedures and sources used by
managers to obtain everyday information about pertinent development in the
marketing environment
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក: កកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
Marketing research system: allows for the systematic design, collection, analysis,
and reporting of data and findings relevant to a specific marketing situation.
កកកកកកកកកកកកកកកកកកកកកកកកកកកកក: កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
កកកកកកកកកកកកកកកកកកកកកកកកកកកកកក
5
6. Components of A Modern Marketing Information
System (Con’t)
HOW to Create Marketing Information System (MIS)? រររររររររររររររររររររររររ
រររររររ (MIS)
Information Needs Probes: រររររររររររររររររររររររររ:
1.What decisions do you regularly make? តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត?
2.What information do you need to make these decisions? តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតតតតតតតតតតតតតតតតតតត?
3.What information do you regularly get? តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត?
4.What special studies do you periodically request? តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតត?
5.what information would you want that you are not getting now? តតតតតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត?
6.What information would you want daily? Weekly? Monthly? Yearly? តតតតតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតតតតតតត? តតតតតតតតតតតតត? តតតតតតតត? តតតតតតតតតតត?
7.What magazines and trade reports would you like to see on a regular basis? តតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត?
8.What topic would you like to be kept informed of? តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតតតតតតតតតតត?
9.What data analysis programs would you want? តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតតតត?
10.What are the four most helpful improvements that could be made in the present marketing information
system?តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត?
6
7. Internal Records and Marketing Intelligence
តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត
Internal Records:តតតតតតតតតតតតតតតតត:
Internal records are known as internal reports on orders, sales, prices, costs,
inventory levels, receivables, payables, and so on, used by the marketing managers
to analyze in order to spot the important opportunities and problems.
តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតតតតតត, តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត,
តតតត, តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតតត
The internal records can be used as Databases, Data Warehousing, and Data
Mining
តតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតតត
តតតតតតតតតតតតតតតតតតតតត
7Lecturer: Yann Phary, PhD Candidate
8. Internal Records and Marketing
Intelligence (Con’t)
The Market Intelligence System:
The internal records system supplies results data, but the marketing
intelligence system supplies happening data.
A marketing intelligence system is a set of procedures and sources
managers use to obtain everyday information about developments in
the marketing environment.
Marketing managers collect marketing intelligence by: reading
books, newspapers, and trade publications; talking to customers,
suppliers, and distributors; and meeting with other company managers.
8Lecturer: Yann Phary, PhD Candidate
9. Internal Records and Marketing
Intelligence (Con’t)
Steps to improve the quality of marketing intelligence:
Training and motivating sales force to spot and report new
developments
Motivating distributors, retailers, and other intermediaries to pass
along important intelligence
Networking externally
Setting up a customer advisory panel
Taking advantage of government data resources
Purchasing information from outside suppliers
Using online customer feedback systems to collect competitive
intelligence
9Lecturer: Yann Phary, PhD Candidate
10. Analyzing the Macroenvironment
(Con’t)
By analyzing the macroenvironment, successful companies recognize
and respond profitably to unmet needs and trends.
Needs and Trends
Enterprising individuals and companies manage to create new
solutions to unmet needs. Companies could make a fortune if they
could solve any of the existing problem: a cure for cancer, chemical
cures for mental diseases, tasty nutritious food, and affordable housing
etc.
Trend: is a direction or sequence of events that has some
momentum and durability. Trends are predictable and durable. A trend
reveals the shape of the future and provides many opportunities.
10Lecturer: Yann Phary, PhD Candidate
11. Analyzing the Macroenvironment
(Con’t)
Identifying the Major Forces
Macroenvironment of forces and trends shape opportunities and
pose threats. These forces represent “noncontrollables”, which the
company must monitor and to which it must respond. In the economic
arena, companies and consumers are increasingly affected by global
forces.
Within the rapidly changing global picture, the firm must monitor six
major forces: demographic, economic, social-cultural, natural,
technological, and political.
11Lecturer: Yann Phary, PhD Candidate
12. The Demographic Environment
(Con’t)
The main demographic force that marketers monitor is population,
because people make up markets
Marketers are keenly interested in the size and growth rate of:
population in cities, regions, and nations; age distribution and ethnic
mix; educational levels; household pattern; and regional characteristics
and movement.
12Lecturer: Yann Phary, PhD Candidate
13. Worldwide population growth: explosive population growth has
major implications for business. A growing population does not mean
growing markets unless these markets have sufficient purchasing
power.
Population Age Mix: Normal population vary in their age mix. A
population can be subdivided into six age groups: preschool, school-
age children, teens, young adults age 25 to 40, middle-aged adults age
40 to 65, and older adults age 65 and up.
Ethnic and other markets: Countries also vary in ethnic and racial
makeup. Ethnic groups have certain specific wants and buying habits.
Yet marketers must be careful not to overgeneralize about ethnic
groups. Within each ethnic group are consumers who are quite
different from each other especially in Asian market.
13Lecturer: Yann Phary, PhD Candidate
The Demographic Environment
(Con’t)
14. Educational groups: the population in any society falls into five
educational groups: illiterates, high school dropouts, high school
diplomas, college degrees, and professional degrees.
Household patterns: the “traditional household” consists of a
husband, wife, and children (and sometimes grandparents). Yet, the
current society is different as the household is “diverse” or “non-
tradition”, includes single live-alones, adult live-togethers of one or both
sexes, single-parent families, childless married couples, and empty
nester. More people are divorcing or separating, choosing not to marry,
marrying later, or marrying without the intention to have children. Each
group has distinctive set of needs and buying habits.
Geographical shifts in population: this is a period of great
migratory movements between and within countries. Location makes
difference in goods and services preferences. Marketers also look at
where consumers are gathering.
14Lecturer: Yann Phary, PhD Candidate
The Demographic Environment
(Con’t)
15. Other Major Macroenvironments
1. Economic Environment:
Markets require purchasing power as well as people. The available
purchasing power in an economy depends on current income, prices,
savings, debt, and credit availability.
Marketers must pay careful attention to trends affecting purchasing
power because they can have a strong impact on business, especially
for companies whose products are geared to high-income and price-
sensitive consumers.
2. Social-cultural Environment:
Society shapes the beliefs and values that largely define people’s
tastes and preferences.
15Lecturer: Yann Phary, PhD Candidate
16. Other Major Macroenvironments
(Con’t)
3. Natural Environment:
The deterioration of natural environment is a major global concerns.
New regulations hit certain industries very hard.
Marketers need to be aware of the threats and opportunities
associated with four trends in the natural environment: the shortage of
raw materials, especially water; the increased cost of energy; increased
pollution levels; and the changing role of governments.
4. Technological Environment:
Every new technology is a force for “creative destruction”. Instead of
moving into the new technologies, many old industries fought or ignored
them, and their business declined.
The marketers should monitor the following trends in technology: the
pace of change, the opportunities for innovation, varying R&D budgets,
and increased regulation.
16Lecturer: Yann Phary, PhD Candidate
17. 5. Political-Legal Environment:
Marketing decisions are strongly affected by developments in the
political and legal environment. This environment is composed of laws,
government agencies, and pressure groups that influence and limit
various organizations and individuals. Sometimes these laws also
create new opportunities for business.
17Lecturer: Yann Phary, PhD Candidate
Other Major Macroenvironments
(Con’t)
18. Summary
To carry out their analysis, planning, implementation, and control
responsibilities, marketing managers need a marketing information
system (MIS). The role of MIS is to assess the manager’s information
needs, develop the needed information, and distribute that information
in a timely manner.
An MIS has three components: (a) an internal records system, which
included information on the order-to-payment cycle and sales reporting
systems; (b) a marketing intelligence system, a set of procedures and
sources used by managers to obtain everyday information about
pertinent development in the marketing environment; and (c) a
marketing research system that allows for the systematic design,
collection, analysis, and reporting of data and findings relevant to a
specific marketing situation.
18Lecturer: Yann Phary, PhD Candidate
19. Summary (Con’t)
Within the rapidly changing global picture, marketers must monitor
six major environmental forces: demographic, economic, social-
cultural, natural, technological, and political-legal.
In the demographic environment, marketers must be aware of
worldwide population growth; changing mixes of age, ethnic
composition, and educational levels; the rise of non-traditional families;
and large geographic shifts in population.
19Lecturer: Yann Phary, PhD Candidate