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Introduction to Marketing Research

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Presentation on theme: "Introduction to Marketing Research"— Presentation transcript:

1 Introduction to Marketing Research
Chapter 1 Introduction to Marketing Research

2 Chapter Outline 1) Overview 2) Definition of Marketing Research
3) A Classification of Marketing Research Marketing Research Process Careers in Marketing Research

3 Redefining Marketing Research
The American Marketing Association (AMA) redefined Marketing Research as: The function that links the consumer, the customer, and public to the marketer through INFORMATION

4 Definition of Marketing Research
A more thorough definition for this course: Marketing research is the systematic and objective identification collection analysis dissemination and use of information For the purpose of improving decision making related to the identification and solution of problems and opportunities in marketing

5 Classification of Marketing Research
Problem-Identification Research Research undertaken to help identify problems which are not necessarily apparent on the surface and yet exist or are likely to arise in the future. Example: conduct research on emerging trends in the market. Problem-Solving Research Research undertaken to help solve specific marketing problems. Example: conducting research on your pricing strategy.

6 A Classification of Marketing Research
Problem Identification Research Problem-Solving Research Market Potential Research Market Share Research Market Characteristics Research Forecasting Research Business Trends Research Segmentation Research Product Research Pricing Research Promotion Research Distribution Research

7 Problem-Solving Research
Determine the basis of customer segmentation Through demographics, media preferences, product preferences, etc. Establish market potential for various segments Select target markets E.g. high-end, tech-savvy, suburban customers aged SEGMENTATION RESEARCH Test product concept Package tests Product testing and modification Brand positioning and repositioning Test marketing PRODUCT RESEARCH

8 Problem-Solving Research
PRICING RESEARCH Pricing policies Branding through pricing Product line pricing $ALE PROMOTIONAL RESEARCH Choosing the optimal promotional budget and mix Media decisions Creative advertising testing Evaluation of advertising effectiveness 0.00% APR

9 Problem-Solving Research
DISTRIBUTION RESEARCH Determine the… Proper types of distribution Intensity of wholesale & resale coverage Ideal location(s) of retail and wholesale outlets

10 Marketing Research Process
Step 1: Defining the Problem (Chapter 2) Step 2: Developing an Approach to the Problem (Chapter 2) Step 3: Formulating a Research Design (Chapter 3-12) (Data desired, measurement decision, survey design, sampling decisions) Step 4: Doing Field Work or Collecting Data (Chapter 13) Step 5: Preparing and Analyzing Data (Chapters 14-21) Step 6: Preparing and Presenting the Report (Chapter 23)

11 Step 1: Problem Definition
The researcher should take into account: The purpose of the study The relevant background information The information needed How it will be used in decision making Involves discussion with decision makers, industry experts and focus groups

12 Step 2: Development of an Approach to the Problem
Formulating an objective or theoretical framework, analytical models, research questions and hypotheses Guided by analysis of secondary data, qualitative research and pragmatic considerations

13 Step 3: Research Design Formulation
A blueprint for conducting the marketing research project Designs a study that will test the hypotheses of interest, determine possible answers to the research questions, and provide information for decision making Involves questionnaire design and sampling process selection

14 Step 4: Fieldwork or Data Collection
Involves a field force or staff that operates either in the field, by personal interviewing, by telephone, through mail, or electronically Proper selection, training, supervision, and evaluation of the field force help minimize data collection errors

15 Step 5: Data Preparation and Analysis
Includes the editing, coding, transcription, and verification of data Each questionnaire or observation form is inspected or edited, and if necessary, corrected Number or letter codes are assigned Data are transcribed Data are analyzed to derive information relating to the research problem

16 Step 6: Report Preparation and Presentation
Entire project documented in a written report that addresses the specific research questions identified Describes the approach, design, data collection and analysis, and findings Oral presentation made to management using table, figures, and graphs These are used in the decision-making process

17 Real Research Case Johnson & Johnson attempted to use its company name on baby aspirins Although J&J baby products are perceived as gentle, gentleness is not what people want in a baby aspirin Gentle aspirins may not be effective enough Intuitively natural move but without proper research was a wrong decision

18 Vice President of Marketing Research
Selected Marketing Research Career Descriptions Vice President of Marketing Research Part of top management team Directs company’s market research operation Sets goals & objectives Research Director Part of senior management Heads the development and execution of all research projects Statistician/Data Processing Oversees experimental design, data processing, and data analysis Professor/ Post-doc Conducts research for academic publication Consults outside organizations on special projects Fieldwork Director Handles selection, training, supervision, and evaluation of interviewers and field workers

19 Careers in Marketing Research
Career opportunities are available with marketing research firms e.g., AC Nielsen, Burke. Careers in business and non-business firms with in-house marketing research departments e.g., Procter & Gamble, Coca-Cola, the Federal Trade Commission, United States Census Bureau Advertising agencies e.g., Arnold Worldwide, Ogilvy & Mather, J. Walter Thompson Universities e.g., UMass, UNH, Northeastern, BU, Harvard, etc.

20 Top 10 U.S. Marketing Research Firms

21 Top Local Marketing Research Firms


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