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5-1 Chapter Five Exploratory Research Design: Syndicated Sources of Secondary Data
Copyright © 2011 Pearson Education, Inc. Chapter Focus of This Chapter Syndicated Sources of Secondary Data Relationship to Previous Chapter The Marketing Research Suppliers & Services (Chapter 1) Tasks Involved in Problem Definition & Developing an Approach (Chapter 2) Exploratory Research Design (Chapter 3) Descriptive Research Design (Chapter 3) Secondary Data (Chapter 4) Relationship to Marketing Research Process Problem Definition Approach to Problem Research Design Data Preparation and Analysis Report Preparation and Presentation Field Work
Copyright © 2009 Pearson Education, Inc.
Copyright © 2011 Pearson Education, Inc. Chapter The Nature of Syndicated Data A Classification of Syndicated Services (Figs 5.3 & 5.4) (Table 5.1) Be a DM! Be an MR! Experiential Learning What Would You Do? Opening Vignette Application to Contemporary Issues International Social Media Ethics Surveys PeriodicPanel Psychographic and Lifestyles General Advertising Evaluation Purchase and Media Panels (Fig 5.5) Purchase PanelsMedia Panels
Copyright © 2011 Pearson Education, Inc. Chapter Combining Data from Different Sources: Single Source Data Be a DM! Be an MR! Experiential Learning What Would You Do? Opening Vignette Application to Contemporary Issues (Fig 5.7) International Social Media Ethics Electronic Scanner Services Volume Tracking Data Scanner Panels with Cable TV Syndicated Data from Institutions (Fig 5.6) Retailer and Wholesaler Audits Industrial Firms/Organizations
Companies that collect and sell common pools of data of known commercial value designed to serve a number of clients Syndicated sources can be classified based on the unit of measurement (households/consumers or institutions). Household/consumer data may be obtained from surveys, panels, or electronic scanner services. Institutional data may be obtained from retailers, wholesalers, or industrial firms. Copyright © 2011 Pearson Education, Inc. Chapter 5 - 6
Copyright © 2011 Pearson Education, Inc. Chapter Unit of Measurement Households/ Consumers Institutions
Copyright © 2011 Pearson Education, Inc. Chapter Surveys Electronic Scanner Services Consumer Panels General Purchase Scanner Panels with Cable TV Household Consumers Psychographic & Lifestyles Advertising Evaluation Media Scanner Panels Volume Tracking Data
Copyright © 2011 Pearson Education, Inc. Chapter Purchase and Media Panels Purchase Media Television RadioInternetMobile Social Media
Copyright © 2011 Pearson Education, Inc. Chapter Institutions RetailersWholesalers Industrial Firms/ Organizations Audits Clipping Services Corporate Reports Direct Inquiries
TypeCharacteristicsAdvantagesDisadvantagesUses SurveysSurveys conducted at regular intervals Most flexible way of obtaining data; information on underlying motives Interviewer errors; respondent errors Market segmentation; advertising theme selection, and advertising effectiveness Purchase Panels Households provide specific information regularly over an extended period of time; respondents asked to record specific behaviors as they occur Recorded purchase behavior can be linked to the demographic/ psychographic characteristics Lack of representative- ness; response bias; maturation Forecasting sales, market share, and trends; establishing consumer profiles, brand loyalty, and switching; evaluating test markets, advertising, and distribution Chapter Copyright © 2011 Pearson Education, Inc.
TypeCharacteristicsAdvantagesDisadvantagesUses Media Panels Electronic devices automatically recording behavior, supplemented by a diary Same as purchase panel Establishing advertising rates; selecting media program or air time; establishing viewer profiles Scanner Volume Tracking Data Household purchases are recorded through electronic scanners in supermarkets Data reflect actual purchases; timely data; less expensive Data may not be representative; errors in recording purchases; difficult to link purchases to elements of marketing mix other than price Price tracking, modeling; effectiveness of in-store modeling Chapter Copyright © 2011 Pearson Education, Inc.
TypeCharacteristicsAdvantagesDisadvantagesUses Scanner Diary Panels with Cable TV Scanner panels of households that subscribe to cable TV Data reflect actual purchases; sample control; ability to link panel data to household characteristics Data may not be representative; quality of data limited Promotional mix analyses; copy testing; new- product testing; positioning Audit Services Verification of product movement by examining physical records or performing inventory analysis Relatively precise information at the retail and wholesale levels Coverage may be incomplete; matching of data on competitive activity may be difficult Measurement of consumer sales and market share; competitive activity; analyzing distribution patterns; tracking of new products Chapter Copyright © 2011 Pearson Education, Inc.
TypeCharacteristicsAdvantagesDisadvantagesUses Firm Syndicated Services Data banks on industrial establishments created through direct inquiries of companies, clipping services, and corporate reports Important source of information on industrial firms; particularly useful in initial phases of the projects Data is lacking in terms of content, quantity, and quality Determining market potential by geographic area; defining sales territories; allocating advertising budget Chapter Copyright © 2011 Pearson Education, Inc.
Single-source data provide integrated information on household variables, including media consumption and purchases, and marketing variables, such as product sales, price, advertising, promotion, and in-store marketing effort. Recruit a test panel of households and meter each home's TV sets. Survey households periodically on what they read. Grocery purchases are tracked by UPC scanners. Track retail data, such as sales, advertising, and promotion. Copyright © 2011 Pearson Education, Inc. Chapter
Chapter Copyright © 2011 Pearson Education, Inc.
For companies considering expansion internationally or managing existing international ventures, one of the first steps toward understanding and monitoring these markets can be through syndicated sources. Many of the same major syndicated firms operating in the United States, e.g., Gallup, have invested heavily in creating data collection systems to support their internationally operating clients. › Nielsen has made huge investments in European markets over the past 30-plus years, introducing scanner and tracking services at the retail level. Copyright © 2011 Pearson Education, Inc. Chapter
Information gathered from social media is used by syndicated firms to understand the market, answer clients’ concerns, connect to consumers and potential participants, as well as to conduct online research and publicize their reports and company information. Copyright © 2011 Pearson Education, Inc. Chapter
The Nielsen Company has an active presence on various forms of social media. The Nielsen Wire is the Nielsen Company’s social media platform, which aims to reach out to the internet savvy generation of the twenty first century. Nielsen offers various social media products and services on a syndicated basis. On September 22, 2009 in New York, Nielsen announced its strategic alliance with Facebook. Nielsen BrandLift is designed to provide marketers with effectiveness measurement for Facebook advertising. Copyright © 2011 Pearson Education, Inc. Chapter
Online word-of-mouth leaves a “digital trail”, allowing its content to be located, categorized, analyzed, and then understood. Nielsen BuzzMetrics is a prime example of a tool by a syndicated research firm to “follow” this trail. The Nielsen Company and McKinsey & Company joint venture, NM Incite (www.nmincite.com), provides solutions like Social Media Intelligence Strategy that helps companies embed social media intelligence across a range of functional business units. Copyright © 2011 Pearson Education, Inc. Chapter
Respondents’ rights, particularly their privacy, are a salient issue. Obtaining data from respondents without their full knowledge or consent is an invasion of privacy. Researchers have the ethical responsibility to avoid both uninformed and misinformed participation by respondents in market research projects. Syndicated firms are playing a significant role in researching ethical issues and sensitizing marketing firms, the marketing research industry, and the general public about these concerns. Copyright © 2011 Pearson Education, Inc. Chapter
The salient characteristics of syndicated data may be described by the acronym SYNDICATED: Surveys Yields data of known commercial value Number of clients use the data Diary panels Institutional services Cost is low Audits Timely and current Electronic scanner services Data combined from different sources: single-source data Copyright © 2011 Pearson Education, Inc. Chapter
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