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SYSTEM
By: Neelanjan and Adarsh
TABLE OF CONTENTS
INTRODUCTION GATHER MARKET
01 04
INTELLIGENCE
How to gather and improve MIS.
Definition and meaning.
IMPORTANCE Advantages
● Essentially, the marketer gathers data from all the available sources and process these into
meaningful information which can be used to make critical business decisions.
● The more information about the market environment is gathered, the more accurate the business
decisions will be.
02
DEEPER
UNDERSTANDING
A detailed overview
DEEPER UNDERSTANDING
● MIS is much more than just gathering market information for a particular business. It involves
gathering information about the entire external system.
● MIS is not only about a system that is completely computer-based, it’s a full system that involves
“human efforts” to process and interpret the entire process of information into MIS efficiently.
● The marketing intelligence data which is provided is very important and reliable data for the
management for any company.
● Competitive advantage.
04 MARKET
INTELLIGENCE
How to gather and improve MIS.
HOW TO GAIN MARKET
INTELLIGENCE
● Put your Sales team to use.
● Take advantage of your channel partners.( Could be a sort of co branding relationship. i.e.
consultants, value added resellers, managed service providers{MSP})
● Keep an eye out for the competitors and their channel partners.
20 - 35 25%
7h 30m
In social media
36 - 45 45% 45m
In our accounts
46 - 60 30%
KA
COMPONENTS
05 Sub-systems of MIS
COMPONENTS
● Competitor Analysis: involves gathering data on competitors that can be used to direct future
business strategies and understand where the competitors are headed with their products and
services.
● Product Evaluation: evaluation of the organization’s products with comparison to the similar
products available on the market. (Benchmarking)
● Market Analysis: using data and observations to determine where your customers are most active
so you can be present in those markets. (identifying niches) {Conduct a PESO media analysis}
● Customer Understanding: understanding every aspect of the customer.( Problems faced by the
customers, the problems of customers which are solved by the company’s products.)
ADVANTAGES
How MIS is beneficial to a company.
06
ADVANTAGES OF MIS
Marketing intelligence not only helps companies to distinguish their brand from its competitors, but also helps in
providing valuable information to stay in the game and excel at it.
● Customer retention
● Competitive advantage