Question
Part B: Marketing Data Analysis (Walmart) Internal Data Evaluate internal sources of information available to you inside the organization and what information you will receive
Part B: Marketing Data Analysis (Walmart)
Internal Data
Evaluate internal sources of information available to you inside the organization and what information you will receive from each source. Identify 3-6 sources of internal data.
Source | What it Measures | Data | Potential Usage |
---|---|---|---|
Example: Sales data | Monthly sales by specific product | Average sales that month in US dollars for each of 10 products. Data can be segmented by business and consumer markets. | Can be used for trend analysis, projections, and to measure effectiveness of promotions. |
Secondary Data
Evaluate secondary data sources and the specific information you need from each source.
Source | What it Measures | Data | Potential Usage |
---|---|---|---|
Example: U.S. Census Bureau | Income over the last 4 years by family structure | Household structures with the highest income capacity | Market Share Analysis Customer Segments |
Primary Data
Evaluateprimary data needs to create and evaluate the marketing plan.
Source | What it Measures | Data | Potential Usage |
---|---|---|---|
Example: Focus group | Product usage, motives, identify group level satisfaction, decision process, etc. | Qualitative | Identify different reactions of market segments to product. Identify marketing opportunities, product/service flaws and opportunities |
Customer Relationship Management
Establish customer touchpoints and develop appropriate CRM events for customer acquisition, retention, and profitability.
CRM Touchpoint | Purpose & CRM Objective | Data | Potential Data Usage |
---|---|---|---|
Example: Customer profile information on website | Starts the account for visitors: name, geography, email address (Customer acquisition) | Presale: geographic location; customer id, source of reference Email address Post sales: address, product purchased, quantity, price. | Track new and returning customer counts, total period purchases by customer ID, geographic sales data. Can be used for loyalty rewards, retention, and targeted marketing. |
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