Requirements of a good marketing information system, Marketing Management

Assignment Help:

Requirements of a good marketing information system:

1.       Through there will be a several information component and activity component of a marketing information system yet it should be precieved and managed as one single entity.

2.       Marketing information system is not merely a data keeping tool or a record keeping file. These are merely part of it. Its main identity should be that can be used as a decision making aid.

3.       The marketing information system should be compatible with the culture of the company. It should reflect the same level of as that of the organizations so that it is operable by the employers of the organizations.

4.       The cost benefit situation should be positive in implementing the marketing information system. In other words it should prove economical for the company.

5.       The marketing information system must have the operational ability to judge whether a piece of information is required or not.

6.       It should be easy for the users to use. It ahould ensure that user is involved when using the system.

7.       The involvement should not be limited to users. The suppliers of the information of teh system should also be involved.

8.       The system must meet the principle of selectivity.

9.       It should be adaptable to changes.

10.   It must be fast.    


Related Discussions:- Requirements of a good marketing information system

What is profitability control in MIVE, What is profitability control in MIV...

What is profitability control in MIVE? Profitability control in MIVE: There is no point in squandering scarce resources on marketing attempts which guarantee nothing exce

Core concepts, what are the core concepts of marketing

what are the core concepts of marketing

Product life cycle, considering the concept of product life cycle, where wo...

considering the concept of product life cycle, where would you put video games in their life cycle

Events also need to be promoted to make them successful, Question 1 The...

Question 1 The event manager plays a pivotal role in event management company. Discuss his role and explain the important steps he has to take to ensure a successful event

Total quality and safety, The responsibility of manufacturing to provide sa...

The responsibility of manufacturing to provide safe products is clear product liability refers to the legal obligation of a manufacturing or seller to compensate for injury or dama

Marketing communication, Problem 1 (a) The development of inter-organi...

Problem 1 (a) The development of inter-organizational relationships is best known through personal selling rather than through exhibitions and trade shows. Explain. Proble

Self-management in renal nursing, Statistics show that rates of CKD are con...

Statistics show that rates of CKD are continuing to rise in Australia and worldwide. Global and national economies and health politics affect the health budget.  A nephrology se

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd