marketing research

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Chapter

10

marketing research

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1

Marketing Research

LO 10-1 Identify the five steps in the marketing research process.

LO 10-2 Describe the various secondary data sources.

LO 10-3 Describe the various primary data collection techniques.

LO 10-4 Summarize the differences between secondary data and primary data.

LO 10-5 Examine the circumstances in which collecting information on consumers is ethical.

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2

Disney

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3

Marketing Research

Collecting Recording Analyzing Interpreting

Decision

Making

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4

The Marketing Research Process

Defining the objectives and research needs

Analyzing data and developing insights

Designing the research

Developing and implementing an action plan

Collecting the data

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5

Step 1: Defining Objectives and Research Needs

What information is needed to answer specific research questions?

How should that information be obtained?

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6

Step 2: Designing the Research

Type of data

Type of research

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7

Step 3: Collecting the Data

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8

Step 4: Analyzing Data and Developing Insights

Converting data into information to explain, predict, and/or evaluate a particular situation.

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9

Step 5: Developing and

Implementing an Action Plan

Executive Summary

Body

Conclusions

Digital Vision/Getty Images

Limitations

Supplements including tables, figures, appendices

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10

 check yourself

1. What are the steps in the marketing research process?

2. What is the difference between data and information?

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11

External Secondary Data

Syndicated Data

Name

Nielsen

(http://www.nielsen.com)

IRI

(http://www.iriworldwide.com)

JD. Power and Associates

(http://www.jdpower.com)

Mediamark Research Inc.

(http://www.mediamark.com)

National Purchase Diary Panel

(http://www.npd.com)

NOP World

(http://www.nopworld.com)

Research and Markets

(http://www.researchandmarkets.com)

Roper Center for Public Opinion Research

(http://www.ropercenter.uconn.edu)

Simmons Market Research Bureau

(http://www.smrb.com)

Yankelovich

(http://www.yankelovich.com)

Services Provided

With its Market Measurement Services, the company tracks the sales of consumer packaged goods, gathered at the point of sale in retail stores of all types and sizes.

InfoScan store tracking provides detailed information about sales, share, distribution, pricing, and promotion across a wide variety of retail channels and accounts.

Widely known for its automotive ratings, it produces quality and customer satisfaction research for a variety of industries.

Supplies multimedia audience research pertaining to media and marketing planning for advertised brands.

Based on detailed records consumers keep about their purchases (i.e., a diary), it provides information about product movement and consumer behavior in a variety of industries.

The mKids US research study tracks mobile telephone ownership and usage, brand affinities, and entertainment habits of American youth between 12 and 19 years of age.

Promotes itself as a one-stop shop for market research and data from most leading publishers, consultants, and analysts.

The General Social Survey is one of the nation’s longest running surveys of social, cultural, and political indicators.

Reports on the products American consumers buy, the brands they prefer, and their lifestyles, attitudes, and media preferences.

The MONITOR tracks consumer attitudes, values, and lifestyles shaping the American marketplace.

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External Secondary Data

Scanner Research

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IRI 13

External Secondary Data

Panel Research

Group of consumers

Survey or sales receipts

©BananaStock/PunchStock

What are they buying or not buying?

Flying Colours Ltd/Getty Images

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Internal Secondary Data

Data Warehouse

Data Mining

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15

 check yourself

1. What is the difference between internal and external secondary research?

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16

Qualitative versus Quantitative

Data Collection Techniques

Qualitative research

Observation

In-Depth interviews

Focus groups Social media

Data collection research

Quantitative research

Experiments Survey

Scanner Panel

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17

Data Collection

Qualitative Research

Observation Social Media

In-depth interview

Focus group

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18

 check yourself

1. What are the types of qualitative research?

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19

Survey Research

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Web Surveying

Response rates are relatively high

Respondents may lie less

It is inexpensive

Results are processed and received quickly

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21

Using Web Surveying

How do firms successfully use web surveying?

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22

Experimental Research

AP Photo/Mary Altaffer

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23

Advantages and Disadvantages of

Secondary and Primary Data

Type

Secondary

Research

Primary

Research

Examples

 Census data

 Sales invoices

 Internet information

 Books

 Journal articles

 Syndicated data

 Observed consumer behavior

 Focus group interviews

 Surveys

 Experiments

Advantages

 Saves time in collecting data because they are readily available

 Free or inexpensive

(except for syndicated data)

 Specific to the immediate

 data needs and topic at hand

 Offers behavioral insights generally not available from secondary research

Disadvantages

 May not be precisely relevant to information needs

 Information may not be timely

 Sources may not be original, and therefore usefulness is an issue

 Methodologies for collecting data may not be appropriate

 Data sources may be biased

 Costly = Time consuming

 Requires more sophisticated training and experience to design study and collect data

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24

 check yourself

1. What are the types of quantitative research?

2. What are the advantages and disadvantages of primary and secondary research?

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25

The Ethics of

Using Customer Information

Strong ethical orientation

Adhere to ethical practices

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26

 check yourself

1. Under what circumstances is it ethical to use consumer information in marketing research?

2. What challenges do technological advances pose for the ethics of marketing research?

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