Tuesday, September 24, 2013

Marketing Information System in Nepal

Information is power. Marketing managers need different information to respond the environmental changes. Information is a blood for any organization. So business organization today develops a mechanism for generating all the necessary information and data to the decision maker on all marketing related issues, which is called marketing information system. It gives regular flow of information regarding market happenings. In short marketing information system is known as MkIS.

This is the age of information revolution. It is a regular process. In conclusion, marketing information system is an ongoing organizational process which includes the activities such as collection of information, sorting, analysis, evaluation, selection distribution acquiring and dissemination of data to the concerned information users such as marketing managers, marketing decision makers. It is made up of four major components such as marketing research system, marketing intelligence system, internal record system and decision support system.

 

MkIs in Nepal

21st century, this era belongs to information technology. Nepal has also moved forward in the development of information technology. The development of mobile, telephone, fax, internet etc. has made marketing research easy and simple. After adaptation of privatization policy in Nepal, seller's market has changed into buyer's market. Economic globalization is increasing. Internal competition is changing into global competition, marketing environment getting more complicated. In this context, marketing managers in Nepal also are gradually changing their traditional decision making style into modern and started using marketing information system in taking marketing decision. In past, managers had taken a decision at principle, experience and hunches. But now tradition has changed. A mechanism, MkIS has been started to be established in every organization.

The solo driven Nepalese market lack appropriate information. The execution of work without information assessment force them to be a weak performer in spite of hand work. The economic liberalization of 1980 has opened door for global companies. Their practices have influenced Nepalese marketers to practice same. The situation is expressed in the following points.

-    Internal record system mostly are manual. It leads them to errors. Customer related records and sales records are not accurate and reliable.

-    Intelligence system is lessely used. It is considered a waste cost in such activities everyday pertinent happenings are not used.

-    Decision support system are lacking. Most organization are in lack of technology. Moreover they have no manpower to handle them. Its use however in modern period is increasing.

-    Research is rarely done. Most decisions are intuitions and hunches based.

 

Perspectives and challenges of MkIS in Nepal

Marketing research is slowly being developed, as marketing managers are becoming more aware and conscious about it.

Considering the above facts described above, the use of proper MkIS is still lacking in our country. The limited organizations and entrepreneurs apply the scientific and reliable MkIS in order to identify the opportunities and enhancement of new segments and launching a new product in the market. The market is combination of various components like buying, selling, pricing, promotion, distribution etc. So the marketing information system can simplify these activities and can make objective oriented. Most of the organization are not been successful due to lack of implementation of timely and proper marketing information. The information applied are not up to date too.

(We can clear from this short and suit example; suppose, A' and B' are the two noodles producer. A uses proper, timely and accurate marketing information and B denied the timely marketing information. If the government published the notice relating the amendment of ingredient of the products. A will update  the same and B will produce same as before. In this situation, the demand for the noodles produced from A will increase but demand of noodle produced by B may not be sold in the market considering the notice of government. This is a simple example of lack of marketing information system and failure of business ……………….)

So, MkIS is the tool to get success in the changing global scenario.

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