1. why customer database is very important for a company like Forbes's and Kodak because customer database typically contain data such as customer name, address and history of purchase. these database include records of the company communication with its own customer purchased from other organization. there are basic reason for company why they must use customer database wisely. furthermore there are service that use by Forbes's company in customize their customer database. it works by compiled information about Forbes's reader by selecting and analyzing subsets of reader population. besides that, other reason are company can learn detail about each of its individual readers and examining variable of greatest interest to its advertiser. moreover, Kodak company has been able to replace its crude customer personas with detailed in depth profiles of customer group and Kodak able to target each type of customer more precisely with retail packaging, product description and advertising placements. finally, if company those not have database about their customer so, they can't know well about their customer need. so they can't update or promote their product and receive important feedback from customer
2. two entities and several of their attributes that might be found in Kodak's marketing database is using campaign around functional customer personas that were more inspirational than real Kodak maintain data so million customer compiled from direct purchases and registration on Kodak website and photo sharing site customer. Kodak is able to target each type of customer more precisely with it retail packaging , product description and advertising placements. therefore, Kodak use the data with demographic and psychographic information purchased from third party database vendor.
3. customer database contain each customer records or history purchases. this will make the company keep in touch with their customer. company can also invite the customer to joins their program. the contact with the customer are important to the company because customer are the key of success of the business. company can ask a feedback from their customer to ensure company improve their quality of product line. secondly, company can study about customer lifestyle demographic, so that the company can make a product that suitable with their customer in each phase. it will different company need to diversify their product line or reducing the quantity of each products to ensure the company not loss.
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