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Marketing Intelligence expands on marketing theories and ideas covered in first-year and second-year business schools, allowing for a more specialized and applicable understanding of marketing intelligence and management. Students will get a broad grasp of strategic analysis as well as a respect for the vast span of marketing data and information. You will also learn about the many theoretical and practical methods and methodologies that are used to acquire and assess marketing information, design and implement plans, and evaluate and supervise performance measures.
Marketing intelligence is crucial to every company's marketing strategy. In today's evolving global marketing scene, an organization's ability to collect and use valuable market data and consumer insights can be critical in retaining a better position in the market. Creating and implementing effective marketing strategies based on such knowledge necessitates a scientific approach to promotional planning as well as strategy building.
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The primary distinction between market intelligence and market research is the end aim. Market intelligence is concentrated on the firm, whereas market research is conducted to understand more about client preferences. Both are utilized to assist firms in comprehending and developing marketing strategies.
The true value of market intelligence is the knowledge that can be gathered and analyzed expressly for the goal of making secure, forward-thinking business decisions based on consumer growth and marketplace entrance prospects.