mktg 465 final 01S Flashcards
developing and maintaining a viable fit between the organization (strengths/weaknesses) and the external environment
strategic marketing
generating info to reduce uncertainty in strategic decision making
marketing research
managing the information flows between the marketer and customers
market analysis
managing the information flows between the marketer and competitors
competitive analysis
managing the information flows between the marketer and environment
trends analysis
two ways of generating market information
ask the seller, ask the buyer
what way of generating market information implies a product/production orientation
ask the seller
what way of generating market information doesnt use customer data?
ask the seller
what are the basis’ of information in ask the seller?
authority, tradition, intuition
what is the authority basis of information?
“because i say it so”
what is the tradition basis of information?
“because that’s the way it has always been done”
what is the intuition basis of information?
“because it just makes sense”
what is the problem with the intuition basis of information?
logical fallacies & contradictions
what way of generating market information implies a market orientation?
ask the buyer
what is the problem with ask the buyer?
consumers may not possess willingness/ability to respond
what are the basis’ of information in ask the buyer?
scientific method
a systematic, controlled, empirical, and critical investigation of hypothetical propositions about the presumed relationship among phenomena
scientific method
what type of research is to provide preliminary insights? what is an example?
exploratory
interviews
what type of research is to provide explanation at a given point in time? what is an example?
descriptive
surveys
what type of research is to test hypotheses regarding strength and direction? what is an example?
casual
experiments
what is the main marketing problem?
“problem identification is the problem”