After reading this chapter, students should: Know the components of a modern marketing information system 2. Know what are useful internal records 3. Know what is involved with a marketing intelligence system 4. Know what are the key methods for tracking and identifying opportunities in the macroenvironment 5. Know what are some important macroenvironment developments 1. A marketing information system consists of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers. What decisions do you regularly make? What information do you need to make these decisions? What information do you regularly get? What special studies do you periodically request? What information would you want that you are not getting now? What are the four most helpful improvements that could be made in the present marketing information system? Accounts Receivable Ledger Sales Information System Databases, Warehousing, Data Mining Marketing Intelligence System Order-to-Payment Cycle A Marketing Intelligence System is a set of procedures and sources used by managers to obtain everyday information about developments in the marketing environment. Train sales force to scan for new developments Motivate channel members to share intelligence Network externally Utilize a customer advisory panel Utilize government data resources Purchase information Collect customer feedback online Needs and Trends Identifying the Major Forces Profound shifts in centers of economic activity Increases in public-sector activity Change in consumer landscape Technological connectivity Scarcity of well-trained talent Increase in demand for natural resources Emergence of new global industry structures Ubiquitous access to information Management shifts from art to science Increase in scrutiny of big business practices Marketing Environment Micro Environment Demographic Company Cultural Publics Suppliers Company Competitors Customers Natural Political Intermediaries Macro Environment Economic Technological Forces in the Company’s Macro environment Gathering Information and scanning The Environment Analyzing The micro environment Internal Records Order-toPayment Cycle Sales Information System Databases, Warehousing, Data Mining Company Suppliers Marketing Intelligence System Financial Publics Media Publics Government Publics Citizen Action Publics Local Publics General Public Internal Public Competitors Demographic Environment Economic Environment Cultural Environment •Environmental greening •W •Desire for convenience •Changing gender roles •Health and fitness consciousness Natural Environment Marketing Intermediaries Consumer •Train sales force •Motivate channel •Network externally •customer advisory panel •government data resources •Purchase information •customer feedback Publics Other Major Macro Environment •Business •Reseller •Government •International •Brand competition •Industry competition •Form competition •Generic competition Technological Environment Political and legal Environment Environmental Responsibility