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Role of Marketing Research

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Presentation on theme: "Role of Marketing Research"— Presentation transcript:

1 Role of Marketing Research
Chapter 1

2 The Task of Marketing Management
Product Price Target Market Promotion Placement

3 The Marketing Environment
Economic Environment Political/Legal Environment Marketing Mix Competitive Environment Environment Social Technological Environment Environment Natural

4 Definition of Marketing Research
Marketing research is the firm’s formal communication link with the environment. Marketing Research is the “function which links the consumer, customer, and public to the marketer through information

5 Definition of Marketing Research
Information is used to: opportunities and problems; generate marketing actions (PLANNING) refine and evaluate marketing actions (PROBLEM SOLVING) and monitor marketing performance (CONTROL)

6 Marketing Areas Research Can Help EXERCISE
Planning Problem Solving Evaluation and Control

7 EXERCISE What are the Problem Solving Market Research Examples?
Product Price Place Promotion

8 Cases that involve the following can benefit from marketing research
Advertising & promotion effectiveness           Agent performance           Best effort evaluation                     Dealer performance           Distributor performance                     Market size & growth           New product opportunity           Pricing                     Strategy

9 Could marketing research be used to investigate the following? How?
Which brand name projects the image we want for our product? What kinds of firms use our services? What is the most effective trade promotion program? What is our reputation with government regulatory agencies?

10 How might each of these organizations use marketing research?
An outdoor advertising firm A local bank A dairy farm An athletic department A nature conservation group An alternative rock band A steel manufacturer The Food and Drug Administration A movie theater A university A direct seller of cosmetics A hospital

11 Other Important Sources of Market Intelligence
Sales personnel Customer service personnel Customer complaints Web site activity

12 Who Does Marketing Research?
Producers of Products and Services Advertising Agencies Marketing Research Companies Others

13 Necessary Skills for an Entry or Junior Level Marketing Research Position
Technical Skills computer literacy sample design statistical analysis numerical skills Managerial Skills oral presentation written communications people relations project coordination

14 Why Study Marketing Research?
marketing researchers smarter consumer managers

15 Schools offering MS in Market Research
Mercy College - Dobbs Ferry, New York Michigan State University, East Lansing, MI University of Wisconsin–Madison - Madison, Wisconsin Southern Illinois University Edwardsville, Edwardsville, Illinois California State Polytechnic University Pomona, Pomona, CA University of Georgia - Athens, Georgia University of Texas at Arlington - Arlington, Texas

16 Schools offering MS in Market Research
Bentley University, Waltham, MA Baruch College, City University of New York - New York City, New York Clemson University - MS in Marketing, Clemson, South Carolina, South Carolina Columbia University - New York City, New York DePaul University - Chicago, Illinois Fairleigh Dickinson University - New Jersey International Institute of Market Research and Analytics (IIMRA), New York Hofstra University - Hempstead, New York Long Island University - Brooklyn, New York


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