Market Intelligence

Faculty
Commerce & Business Administration
Department
Marketing
Course Code
MARK 4270
Credits
3.00
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Method Of Instruction
Lecture
Seminar
Typically Offered
To be determined

Overview

Course Description
Market intelligence (MI) is a key tool for better decision making, success, and even survival for firms today, and it comes from the strategic use of a carefully analyzed collection of key information. Enterprise-wide use of market intelligence is increasing, as firms see its power and benefit. Firms that embrace market intelligence use it at all levels of the organization, fostering a culture where everyone thinks “intelligence”, and contributes to its evolution. The establishment of a market intelligence process in firms today is increasing at a rapid rate.
Effective MI is a process of: identifying and collecting information, both internal and external to the firm; analyzing it, interpreting it using business and industry experience and knowledge; and using it to make more informed decisions. This course provides a broad and in-depth understanding of market intelligence (MI), focusing on MI as a process, and the perspective taken will be that of à manager using market intelligence. Students will learn the tools, techniques, sources, analytical processes and technology of MI, and will review best practices and cases of MI in action. This course is intended for marketing and business students.
Course Content
  1. The art and science of market intelligence
  2. Managerial perspective of market intelligence (MI)
  3. Establishing and directing a MI function
  4. Identifying information stakeholders and their requirements
  5. MI as a process: determining information needs and sources, and filtering available information to capture relevant material
  6. Understanding the technological, analytical, interpretative and managerial tools and techniques used in effective MI
  7. Transforming information into actionable intelligence
  8. Ethical, legal and regulatory issues in MI.
Methods Of Instruction

Students will be involved in an active learning environment, and will study the concepts, techniques, tools and management processes that are critical to effective MI. They will demonstrate their ability to apply the required skills by sourcing information, analyzing business cases of MI in action, performing on-line research, completing case analyses, and preparing assignments.

Means of Assessment
Research Project  25%
Midterm Examination       20%
Case Assignments  25%
Class Participation  10%
Final Examination  20%
Total 100%

STUDENTS MUST COMPLETE ALL COMPONENTS OF THE COURSE TO OBTAIN CREDIT FOR THE COURSE.

Learning Outcomes

The fundamental objectives of this course are:

  • to provide students with an understanding of market  intelligence (MI) from a managerial perspective
  • to provide them with a knowledge foundation from which they can utilize MI effectively

 

After successful completion of this course, students will:

  • Understand the world of market intelligence and its importance to businesses
  • Understand analyzing and processing information, and the art and science of identifying appropriate information and sources of information. 
  • Be capable of developing simple information plans
  • Be able to acquire, filter and warehouse information
  • Be capable of applying tools and techniques such as data mining, data visualization, information analysis and selection
  • Know the basics of creating intelligence teams
  • Have the skills to report market intelligence information in a fashion that facilitates generating a cohesive view of the company’s market situation and enhances decision making.  
Textbook Materials

Textbooks and Materials to be Purchased by Students

 

A Coursepack with relevant articles on market intelligence will be prepared for students to purchase.

Requisites

Prerequisites

MARK 1120 and  FINC 1231

OR MARK 1120 AND currently active in one of the following:

Post-Degree Diploma in Marketing or
Post-Degree Diploma in Sales

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Requisite for

This course is not required for any other course.

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

Institution Transfer Details Effective Dates
Kwantlen Polytechnic University (KPU) KPU MRKT 2XXX (3) 2010/09/01 to -
Langara College (LANG) LANG MARK 2XXX (3) 2010/09/01 to -
Simon Fraser University (SFU) SFU BUS 2XX (3) 2010/09/01 to -
Thompson Rivers University (TRU) TRU MNGT 3XXX (3) 2010/09/01 to -
University of British Columbia - Okanagan (UBCO) UBCO MGMT 2nd (3) 2010/09/01 to -
University of British Columbia - Vancouver (UBCV) UBCV COMM 2nd (3) 2010/09/01 to -
University of Northern BC (UNBC) UNBC COMM 2XX (3) 2010/09/01 to -
University of Victoria (UVIC) UVIC COM 2XX (1.5) 2010/09/01 to -

Course Offerings

Winter 2021

There aren't any scheduled upcoming offerings for this course.