This document defines marketing information as data related to marketing that organizations collect and use for decision making. It discusses that marketing information should be systematically gathered and outlines types of marketing information like internal records, marketing intelligence from the environment, and formal marketing research linking customers to marketers. Finally, it provides examples of using marketing information such as identifying opportunities and trends, generating and evaluating marketing actions, monitoring performance, and improving understanding of the marketing process.
This document defines marketing information as data related to marketing that organizations collect and use for decision making. It discusses that marketing information should be systematically gathered and outlines types of marketing information like internal records, marketing intelligence from the environment, and formal marketing research linking customers to marketers. Finally, it provides examples of using marketing information such as identifying opportunities and trends, generating and evaluating marketing actions, monitoring performance, and improving understanding of the marketing process.
This document defines marketing information as data related to marketing that organizations collect and use for decision making. It discusses that marketing information should be systematically gathered and outlines types of marketing information like internal records, marketing intelligence from the environment, and formal marketing research linking customers to marketers. Finally, it provides examples of using marketing information such as identifying opportunities and trends, generating and evaluating marketing actions, monitoring performance, and improving understanding of the marketing process.
This document defines marketing information as data related to marketing that organizations collect and use for decision making. It discusses that marketing information should be systematically gathered and outlines types of marketing information like internal records, marketing intelligence from the environment, and formal marketing research linking customers to marketers. Finally, it provides examples of using marketing information such as identifying opportunities and trends, generating and evaluating marketing actions, monitoring performance, and improving understanding of the marketing process.
external) that the sport/event organization acquires and uses to make marketing decisions
Marketing information should be collected
in a systematic and proactive manner Terms
Fact: event known to have happened, validated
Estimates: prediction of a quantity based on experience or prior facts Predictions: estimated guess regarding future events Relationship: connection between variables Marketing Information: data used to execute marketing strategy Types of Marketing Information
Internal records: sales, costs, customer service
Marketing intelligence: everyday information about developments in environment Marketing research: links consumer, customer and public to marketer through information Ways to Use Marketing Info
Identify/define marketing opportunities & trends
Generate/evaluate marketing actions Monitor marketing performance Improve understanding of marketing process