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Design and implementation of market information system

 

Table Of Contents


Chapter ONE

1.1 Introduction
1.2 Background of Study
1.3 Problem Statement
1.4 Objective of Study
1.5 Limitation of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Research
1.9 Definition of Terms

Chapter TWO

2.1 Overview of Market Information Systems
2.2 Evolution of Market Information Systems
2.3 Importance of Market Information Systems
2.4 Components of Market Information Systems
2.5 Challenges in Implementing Market Information Systems
2.6 Successful Case Studies in Market Information Systems
2.7 Impact of Market Information Systems on Businesses
2.8 Future Trends in Market Information Systems
2.9 Role of Technology in Market Information Systems
2.10 Comparison of Market Information Systems with Traditional Methods

Chapter THREE

3.1 Research Methodology Overview
3.2 Research Design Selection
3.3 Data Collection Methods
3.4 Sampling Techniques
3.5 Data Analysis Procedures
3.6 Research Ethics Considerations
3.7 Validity and Reliability of Research
3.8 Limitations of Research Methodology

Chapter FOUR

4.1 Data Analysis and Interpretation
4.2 Findings Related to Objective 1
4.3 Findings Related to Objective 2
4.4 Findings Related to Objective 3
4.5 Comparison of Findings with Existing Literature
4.6 Discussion on Implications of Findings
4.7 Recommendations for Future Research
4.8 Practical Implications for Market Information Systems

Chapter FIVE

5.1 Summary of Research Findings
5.2 Conclusion of the Study
5.3 Contributions to the Field
5.4 Implications for Practice
5.5 Recommendations for Stakeholders
5.6 Areas for Future Research

Thesis Abstract

Abstract
The design and implementation of a Market Information System (MIS) is crucial for enhancing decision-making processes and improving market efficiency. This research project focuses on developing a comprehensive MIS that integrates real-time market data, competitor analysis, consumer trends, and other relevant information to provide businesses with a strategic advantage in the marketplace. The MIS will be designed to collect, process, and analyze data from various sources including industry reports, social media, surveys, and sales data. By leveraging technologies such as data analytics and machine learning, the system will be able to generate actionable insights and forecasts to help businesses make informed decisions and adapt to market dynamics. Key features of the MIS will include user-friendly dashboards, customizable reports, and alerts for important market events. The system will also support data visualization tools to help users interpret complex data sets and identify patterns or trends that could impact their business strategies. In terms of implementation, the project will involve building a scalable and secure infrastructure to support the MIS. Cloud-based technologies will be utilized to ensure flexibility and accessibility, allowing users to access the system from anywhere at any time. Data security measures will also be implemented to protect sensitive information and comply with data privacy regulations. The research project will follow a systematic approach to design and develop the MIS, starting with requirements gathering and analysis, followed by system design, implementation, and testing. User feedback and iterative improvements will be incorporated throughout the development process to ensure the system meets the needs of its users and delivers value to businesses. Overall, the design and implementation of a Market Information System have the potential to revolutionize how businesses operate in today's competitive marketplace. By providing timely and relevant market insights, businesses can stay ahead of the curve, identify new opportunities, and mitigate risks effectively. This research project aims to contribute to the growing field of market intelligence and data analytics by developing a robust MIS that empowers businesses to make smarter decisions and achieve sustainable growth.

Thesis Overview

INTRODUCTION

1.0     Introduction

“Goal achievement” is the watch word of every business organization tries to amend economics resources whatever maybe it’s views and philosophies and which ever route these goals are to be achieved. Given a set of resources, organization try to maximize profitability. The philosophy applies to all spheres of the economy, particularly marketing organization. In order to achieve laid down goals, modern techniques in business demand that planned and defined system, and tools be formulated and adopted to meet the requirement organization required. One of such fundamental tools is marketing research, marketing research can be defined as a formal systematic collection recording, analyzing and reporting of data aimed at solving a given problem or identifying an opportunity. Marketing research also concerns itself with coordinating responsibilities, comparing actual sales volume with the forecasting sales volume as asking upon result to achieve maximum profit.

          The universal application of marketing research data by various marketing organization and their fields of human endeavour cannot be over emphases. 7-up bottling company not therefore an exception of this direction. In Nigeria context, we operate servers market economy which is a situation where whatever severs of different products brought in the market must be sold. Companies in Lagos state in particular and in Nigeria in general pay deaf ears to marketing research from the fact that the country is experiencing production crisis, which has pastured into crisis of supply, and which has made it impossible for our manufacturing firms to cope with the supply of a wide consumer goods to it various companies that exist in our distribute system.

Theoretical Background

Marketing research acts as a guide to business executives by controlling their scope of marketing concept negligence. It directs management to a realistic approach to its goals and objectives. The tools also harness the functions and efforts of different department of the company and ensure effective con-ordination of total marketing efforts in an organization. By this derivation form laid down standard can be detected and corrected at the early state. Marketing research as a management tools contributes to improve managerial efficiency and also to what extent this tool is to increase profitability. Then marketing information system (MIS) is an organized way of continually gathering and analyzing data to provide marketing manager with formation they need to make decision.    

1.2            Statement of the Problem

The problem face by 7-up bottling company Aba is lack of market report on sales and on the stock. And also lack of facilities to analyze, recording and reporting of data aimed at solving a given problem or identify an opportunity in the company. The main problem of the 7-up bottling faced was inability of the manual system to maximize company’s opportunity and profits.

1.3            Aim and Objectives of the Study

Objectives of the study are as follows:

i)       To create an understanding of the different roles managers play and how marketing information system can support them in those roles.

ii)     To appreciate the different types and levels of marketing decision making.

iii)     To clearly distinguish between marketing research and marketing intelligence.

iv)     To keep, recording and reporting of informations aimed at solving a given task.

v)     To gather sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers.

1.4            Significance of the Study

1.       It would help managers to forecast changes in product demand, increase selling productivity and exercise control over sales and distribution expenses.

2.       The newly design system would interact with the marketing managers or rather information users to assess information needs.

3.       It would helps managers to analyze information to put in the right from making marketing decisions and managing customer relationship.

4.       The MIS distributes the marketing information and helps managers use it in their decision making.

5.       The design of the system would provide jobs for system analyst and programmers contacted to build the system for companies.

6.       Finally, research project would serve as reference material to other scholars interested to further research on this topic.

1.5            Scope of the Study

This research project is restricted to the “implementation of marketing information system” using 7up bottling company Aba as a case study. Data used for the study were gathered from this source.

1.6            Organization of the Study

The research project has been arranged in the following order;

Chapter one contains introduction, theoretical background of study, statement of the problem, aim and objectives of the study, significance of the study, scope of the study, organization of the research and definition of terms. Chapter two contains introduction and literature review. Chapter three contains introduction, research methodology, system analysis and system design. Chapter four is the system implementation and documentation which gives the direction of system and analysis of modules. Chapter five contains summary, conclusion and useful recommendation(s) of study.  

1.7            Definition of Terms

Market Research: Is a formal systematic collection recording, analyzing and reporting of data aimed at solving problem.      

Marketing Intelligence: Is a set of procedures and data sources used by marketing managers to gift information from the environment that they can sue in their decision making.

Marketing Models: It interpreting information in order to give direction to decision

Market: Is a regular gathering of people for purchase and sale of provisions, livestock, and other commodities


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