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Global Marketing Research

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Presentation on theme: "Global Marketing Research"— Presentation transcript:

1 Global Marketing Research
7 Global Marketing Research

2 Learning Objectives List and describe the four steps involved in the research process. Differentiate between the challenges posed by secondary data collection and those posed by primary data collection. Note cultural differences in marketing research, and explain ways in which market researchers can adjust to them. Describe problems related to comparability of studies undertaken in different national markets. Explain the value of analysis by inference to global marketers. Note ways to monitor global competitors. Explain the requirements for a global marketing information system. 2

3 Chapter Overview Scope of global marketing research
Challenges in planning international research Utilizing secondary data Analysis by inference Collecting primary data Outsourcing research Studying the competition Environmental review Developing a global information system 3

4 The Scope Global marketing research is used to make both strategic and tactical decisions Market studies Market size, customer needs Competitive studies Insights, domestic and foreign Environmental studies Economic, political, legal, physical, cultural 4

5 The Challenges The global marketplace is complex
Differences from country to countries exist at many levels Companies frequently lack familiarity with foreign markets Comparing studies across countries can be difficult International research is a relatively costly endeavor 5

6 Research Techniques The research process
Problem definition and development of research objectives Determination of the sources of information Collection and analysis of the data from primary and secondary sources Analysis of the data and presentation of results 6

7 Properly Developing Research Questions
Etic approach –Assumes that a research question in one culture can be used in another culture. This approach allows for comparison across countries, but could miss culture differences. Emic approach –Assumes cultures are so different that each requires a separate research study to capture the local context relative to each countries frame of reference. 7

8 Sources of Information
Primary Data Data collected specifically for a research assignment Secondary data Refers to previously collected and available data Both present challenges to global marketing research 8

9 Secondary Data Collection and analysis of secondary data should be done before primary data collection Secondary data is usually available at a fraction of the cost of obtaining primary data 9

10 Analytic Techniques Demand analysis Relative market size
Analysis of demand patterns Analysis by inference Proxy variables 10

11 Primary Data Necessary when secondary data is not available or is suspect When marketers need data tailored to meet the needs of a specific marketing decision 11

12 Developing a Research Instrument
Focus groups help capture appropriate variables to investigate Creating a cross-cultural questionnaire requires Back translation…or Parallel translation Take care with idiomatic expressions “Computers” in Taiwanese may become “calculators” to Singaporeans 12

13 Focus Groups Selection and “Sample Size”
How focus groups SHOULD be used: Learning how your product is used Understanding customers’ experience with product Acquiring descriptive consumer brand perceptions Exploratory testing of new product, positioning, and promotion strategies How focus groups SHOULD NOT be used: Estimate size or dollar value of market Definitively identify segments Make go/no-go decisions on new products, brand positioning, or promotion strategies 13

14 Observation Consumer ethnography Trained anthropologists
Visual cues (photo, video) supported by field notes Capture elements of décor, design, aesthetics, color, fashion, icons 14

15 Privacy Concerns Personal finances can be a touchy subject in many countries The Dutch are more willing to discuss sex than money The EU Privacy Directive limits the use of telephone/Internet interviews In particular, questions related to subjects such as health, political beliefs, and sex habits The U.S Safe Harbor Framework provides a streamlined way for U.S. firms to comply with the European standards 15

16 Studying the Competition
Identify core competencies to predict future direction of competitors Company statistics Marketing operations Future intentions Competitive behavior 16


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