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Lecture Marketing management: Chapter 3 - Phillip Kotler, Kevin Lane Keller

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Chapter 3 - Collecting information and forecasting demand. After studying this chapter you will be able to understand: What are the components of a modern marketing information system? What are useful internal records for such a system? What makes up a marketing intelligence system? What are some influential macroeconomic developments? How can companies accurately measure and forecast demand?

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Kotler • Keller Phillip Kevin Lane

Marketing Management • 14e

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Collecting Information and Forecasting

Demand

Ch ap

te r 3

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Discussion Questions

1 What are the components of a modern

marketing information system?

2 What are useful internal records for such a

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Collecting Information

Customers

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Marketing Information System

People

Equipment

Procedures

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Internal Records

Order-to-Payment Cycle

Databases / Data Mining

Sales Information Systems

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Monitor

social media

sites

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Marketing Intelligence & the

Internet

Independent Online Forums

Distributor or sales agents feedback sites

Customer review and expert

opinion sites

Customer complaint sites

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Using Marketing Intelligence

Share Information

Quickly

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Analyzing the

Macroenvironment

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Needs and Trends

Trend

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Major Environmental Forces

Economic

Sociocultural Natural

Technological

Political-Legal Demographics

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Demographic Environment

Worldwide population growth

Population age mix

Ethnic and other markets

Educational Groups

Household patterns

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The World as a Village

If the world were a village of 100 people:

61 – Asian (20 Chinese, 17 Indian)

18 – Unable to read (33 have cell phones)

18 – Under 10 years of age (11 over 60 years old)

18 – Cars in the village

Source: David J Smith and Shelagh Armstrong, If the World Were a

Village: A Book About the World’s People, 2nd ed (Tonawanda, NY:

Kids Can Press, 2002)

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Economic Environment

Consumer Psychology

Income Distribution

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Sociocultural Environment

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Natural Environment

Environmental Regulations

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Political-Legal Environment

Special Interest Groups

Government Agencies Law

s

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Forecasting and Demand

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Market Types

Potential Market

Available Market

Target Market Penetrated Market

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Demand Measurement

Market Demand

Company Demand

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Estimating Current Demand

Area market potential Total market potential

Potential

Buyers

Average purchase quantity

Average price

Average percentage of income spent

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Estimating Future Demand

Expert Opinions

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