Exam 2 Study Guide

Exam 2 Study Guide - International Marketing Exam # 2...

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International Marketing – Exam # 2 Chapter 6 Deciding whether research should be undertaken Information Technology o Refers to an organization’s processes for creating, storing, exchanging, using, and managing information Management Information Systems o Provide managers and other decision makers with a continuous flow of information about company operations Intranet (tool of MIS) o A private network that allows authorized company personnel (or outsiders) to share information electronically Electronic Data Interchange (tool of MIS) o Allows business units to: Submit orders, Issue invoices and Conduct business electronically o Allows computers from different companies to speak the same language which means that transaction formats are universal Efficient Consumer Response (ECR) (tool of MIS) o A joint initiative by members of a supply chain to work toward improving and optimizing aspects of the supply chain to benefit customers Customer Relationship Management o CRM tools allow companies to determine which customers are most valuable and to react in a timely manner with customized product and service offerings that closely match customer needs. If implemented correctly, CRM can make employees more productive and enhance corporate profitability; it also benefits customers by providing value-added products and services. Organizational IT Necessities o An efficient, effective system that will scan and digest published sources and technical journals o Daily scanning, translating, digesting, abstracting, and electronic input of information into a market intelligence system o Expanding information coverage to other regions of the world
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This note was uploaded on 04/02/2012 for the course MKTG 4820 taught by Professor Susancarley during the Fall '09 term at Kennesaw.

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Exam 2 Study Guide - International Marketing Exam # 2...

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