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Marketing  Information & Research  AMA
What Is  Marketing Research  Source: Why We Buy. P Underhill.  ?
Marketing Research Varies ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Research contexts differ ,[object Object],[object Object],[object Object],[object Object],Brandweek.com Nov. 3, 2003 p. 28 Wasserman, Todd “ Sharpening the Focus”
Integrates Multiple Partners ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Addresses Multiple Mktg. Mix Aspects  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],5:24 a.m. March 13, 2004  Starbucks test markets hot chocolate drink in Brew City By  Molly Snyder Edler
Different Time Periods ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Varying Levels of Depth ,[object Object],[object Object],[object Object],[object Object],http://www.clusterbigip1.claritas.com/MyBestSegments/Default.jsp?ID=20
Variety of Data Forms  ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object]
What is Marketing Research? ,[object Object],[object Object],[object Object],[object Object],[object Object]
Marketing Research &  Marketing Information Systems  ,[object Object],[object Object],[object Object],[object Object],[object Object]
But Before We Get Started Into The Process of Mktg. Research  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Questions Should We Ask Before & During The Marketing Research Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How Could We Classify  Marketing Research Information   Limited Low; often already a sunk cost Provides greater breadth; obtained quickly; less targeted; may or may not be usable U.S. Census Data Secondary sources  Greatest Moderate  Moderate Limited Flexibility Highest expense  Moderate expense Moderate expense Low expense; sunk cost  Cost Specialized, private, proprietary More targeted; greater expense  Systematic; access to public information; may require formal resources devoted to gathering Readily available; may not be in form  Benefits & Challenges  Test markets; surveys A.C. Nielsen IRI Arbitron Internet commun.  Benchmarking Published information;  War games;  Key customers  Order processing; sales orders, Point of purchase  Examples Primary sources Syndicated sources Market Intelligence  Internal Sources
The Marketing Research Process ,[object Object],[object Object],[object Object],[object Object]
The Marketing Research Process ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Have we adequately defined our problem and the decision we need to make? Define the problem and research objective  Can we make our decision?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Descriptive statistics alone are meaningless How do we integrate the knowledge with what we already know.  Have we answered our problem and met our research objective?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Can we use secondary data or primary data What will our sources for the data be  What does the information mean; not what the numbers say. Who and how  will we collect the data/information  How are going to answer this question Interpret and report the findings  Implement research plan & collect and analyze data  Developing the research plan for collecting information
Marketing Research Step I: Defining the Problem & Research Objectives   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Types of Research Objectives ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Marketing Research Step II: Developing The Research Plan   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Secondary Data Information collected for another purpose which already exists. External To The Firm  Internal To The Firm  Secondary Research Examples  Sales information Financial statements Research reports  Sales databases Customer letters Customer lists Sales/product mix U.S. Census Syndicated (IRI and A.C. Nielsen  Trade Assoc. Govt. Agencies Academic Research Internet Mass Media Business/Trade Mags.
Types of Primary Research Developed specifically by you for your needs Primary Research Examples  Quantitative Qualitative Ethnography Phenomenology Focus groups In-depth interviews Case Studies Experiments:  Test markets Simulations Mechanical and  electronic observation People meters Surveys and Questionnaires Mail surveys Personal interview  Telephone, fax, e-mail, Web In-house, self-administered
Review:  The Flow of Marketing Research ,[object Object],[object Object],[object Object],Experiment Survey Observation We are most likely to use the following  research approaches (primary data) Which of the two ad campaigns will increase sales the most? Who buys our competitor’s products? Why are our sales declining?  Example of a  research problem  ,[object Object],[object Object],[object Object],[object Object],[object Object],Exploratory (unaware of specific problem) If our  research objective  is  Test Market  Questionnaire Focus groups Examples of  Specific research instrument
What Is An  Observation Research Approach?   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Focus groups Mystery shopping
What Is  An Experimental Research Approach? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
What Is A  Survey Research Approach? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
How Do You Choose  Between Instruments?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Marketing Research Step III:  Implementing The Research Plan Collecting and Analyzing Data   ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Marketing Research Step III:  Implementing The Research Plan  Collecting and Analyzing Data ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Marketing Research Step III:  Implementing The Research Plan  Collecting and Analyzing Data ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Marketing Research Step IV: Interpreting and Reporting The Findings ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
On Your Own  Develop  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Summary ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Have we adequately defined our problem and the decision we need to make? Define the problem and research objective  Can we make our decision?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Descriptive statistics alone are meaningless How do we integrate the knowledge with what we already know.  Have we answered our problem and met our research objective?  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Can we use secondary data or primary data What will our sources for the data be  What does the information mean; not what the numbers say. Who and how  will we collect the data/information  How are going to answer this question Interpret and report the findings  Implement research plan & collect and analyze data  Developing the research plan for collecting information
 

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Marketing information & research @3 27-07c

  • 1. Marketing Information & Research AMA
  • 2. What Is Marketing Research Source: Why We Buy. P Underhill. ?
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  • 15. How Could We Classify Marketing Research Information Limited Low; often already a sunk cost Provides greater breadth; obtained quickly; less targeted; may or may not be usable U.S. Census Data Secondary sources Greatest Moderate Moderate Limited Flexibility Highest expense Moderate expense Moderate expense Low expense; sunk cost Cost Specialized, private, proprietary More targeted; greater expense Systematic; access to public information; may require formal resources devoted to gathering Readily available; may not be in form Benefits & Challenges Test markets; surveys A.C. Nielsen IRI Arbitron Internet commun. Benchmarking Published information; War games; Key customers Order processing; sales orders, Point of purchase Examples Primary sources Syndicated sources Market Intelligence Internal Sources
  • 16.
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  • 21. Secondary Data Information collected for another purpose which already exists. External To The Firm Internal To The Firm Secondary Research Examples Sales information Financial statements Research reports Sales databases Customer letters Customer lists Sales/product mix U.S. Census Syndicated (IRI and A.C. Nielsen Trade Assoc. Govt. Agencies Academic Research Internet Mass Media Business/Trade Mags.
  • 22. Types of Primary Research Developed specifically by you for your needs Primary Research Examples Quantitative Qualitative Ethnography Phenomenology Focus groups In-depth interviews Case Studies Experiments: Test markets Simulations Mechanical and electronic observation People meters Surveys and Questionnaires Mail surveys Personal interview Telephone, fax, e-mail, Web In-house, self-administered
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