RUNNING HEAD: PHASE 2 DISCUSSION BOARD KENNETH C HOLMES MKTG630-1502B-03 PROFESSOR GENE TOPPER MAY 27, 2015 MEMO To: Michelle Dietrich, President of Mobile Manufacturing Inc. From: Kenneth C Holmes, Marketing Consultant RE: Quantitative and Qualitative research: Differences and applications for MM Inc. For Mobile Manufacturing to determine the market for the new Smart Phone, they need to know and understand the differences, and advantages between quantitative and qualitative research, as well as understand how to apply the research to obtain optimal results. This memo documents the research uncovered. Quantitative research: Quantitative research deals with numerical and statistical data, meaning information with a measureable number or value, has a mission of classification and counting, and is objective in nature, which also happen to be its strengths. Examples include: age, income, price, market size, market share and penetration, consumer perception and awareness of your brand or product, consumer perception of the competition, etc. The data is usually gathered through highly structured surveys, questionnaires or experiments, and include multiple choice or rated scale questions. The data is frequently used in charts, graphs, or any visual presentation, and then used for analysis, comparison, stating a conclusion, or proving an assumption. It is important to note it is not always necessary to perform field research to obtain quantitative data, because the internet contains many research sites that offer information about many topics, and for just that purpose. Examples include: Asher Consulting, Qualitative Researcher, QuantitativeData.net, and Precision Consulting, just to list a few (Worpress.com, 2011). Qualitative research: Qualitative research deals with attributes and qualities, instead of numbers or measureable values, and is subjective in nature, meaning information that explains how something looks, feels, ease of use, features, convenient, practical, etc. Qualitative data can be turned into quantitative data by encoding it with a numeric value (1-highly unlikely to purchase, 2-unlikely to purchase, 3-neutral, 4-likely to purchase, and 5-highly likely to purchase), or percentages of the whole, and then charting or graphing the data for visual presentation. Another method of analyzing qualitative data is the application of Content Analyzer Software, which sorts through volumes of written data, and provides an assortment of frequently used terms from the data. Qualitative data is usually gathered through personal interviews, focus group responses, and personal observations, is obtained to establish key factors about something, and is not used for proving an assumption, or establishing a conclusion (Worpress.com, 2011). The real mission of qualitative research is to provide the research team with the full visual of what the consumer wants and needs in a product, to help the manufacture understand the consumer’s motivation as to why they like what they like, and to help the manufacturer product the perfect product for their target market. The very mission of qualitative research is also its strength. (Explorable.com, 2009). Advantages and disadvantages: Quantitative research has many attributes including: It is readily used for visual presentation; it rests the truth on numbers, but assumes the numbers are relevant and accurate; it is not flexible; it accepts information for its face value; uses fewer variables; and is used to provide a conclusion to an assumption, but the assumption may be misleading and/or subjective (DeVault, 2015). These attributes are both advantages and disadvantages. Qualitative research has many attributes including: no assurance provided of research accuracy because it is based on respondents experiences, although the respondents experience is what is wanted for the research; the need for large number of responses (data), based on questions where the answers are based on the respondent’s experiences, and not pre-established questions; it does not provide a solution to any assumption, but does offer many solutions; and requires time and effort by the research team. While the process may take time, the process can obtain information that was not realized as necessary. These attributes are both advantages and disadvantages (Lewis, 2015). Applications for Mobile Manufacturing: Mobile manufacturing could use quantitative research to determine which consumer segments would be the best market for the new phone. Their research would include: age categories, income categories, price of the new phone, and the price the consumer is willing to pay, market size, their market share and penetration, the consumers awareness and perception regarding their own product and the competitions, just to list a few. While, Mobile MM could use qualitative research to determine which features and qualities consumers want in a Smart Phone including: a push button keypad or touch screen that is easy to use; a screen that is big and easy to read; graphics that are essential for business applications; applications that are essential for routine business use including web access and texting; applications that are ideal for small children and teenagers including games, texting, and web access; applications that make life easier, convenient, and even fun; case colors and embellishments that will fit many taste levels; a warranty that makes purchasing the phone a simple decision; etc. Conclusion: Realistically, both methods work in conjunction, and balance each other. Both should be used in combination to determine the ideal market for the product, the preferred features, why they are the preferred features, develop multiple products for multiple markets, recognize and correct any flaws in the research or assumption, and to ensure complete project success. REFERENCES DeVault, G. (2015). Quantitative Research-Advantages and Disadvantages. Retrieved from marketresearch.about.com › Market Research Techniques Explorable.com. (2009, November 3). Quantitative and Qualitative Research. Retrieved from https://explorable.com/quantitative-and-qualitative-research Lewis, J. (2015). What Are the Disadvantages of Qualitative Measurements When Doing Marketing Research. Retrieved from smallbusiness.chron.com › … › Market Research Worpress.com. (2011, October 10). Quantitative vs. Qualitative Research: What’s the Difference? Retrieved from www.mymarketresearchmethods.com/quantitative-vsqualitative...