Marketing 8th Canadian Edition Powerpoints prepared by: Victor Bilodeau Grant MacEwan University - School of Business © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Marketing Research: From Information to Action © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Learning Objectives After reading this chapter, you should be able to: 1.Know what marketing research is. 2.Explain the different types of marketing research. 3.Understand the stages in the marketing research process. 4.Explain the use of secondary data, surveys, experiments, and observation in marketing research. 5.Explain how a marketing information system can trigger marketing actions. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. The Future of Marketing Research: Research 3.0 © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. The Future of Marketing Research: Research 3.0 ‣ With Research 3.0, marketing will encompass a number of different methods and sources and will have an emphasis that goes beyond simple data collection to robust data synthesis. ‣ With Research 3.0 we will make the jump from a type of interrogation (we ask, you answer) to being more of having a dialogue with consumers. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. WHAT IS MARKETING RESEARCH? ‣ What Marketing Research Is and Does © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 1 The Dairy Farmers of Canada conducted three types of marketing research in an effort to solve the problem of decline in milk consumption. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 1 TYPES OF MARKETING RESEARCH ‣ Exploratory Research ‣ Descriptive Research ‣ Causal Research © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 2 Learning Review What is marketing research? Answer: Marketing research is the process of defining a marketing problem or opportunity, systematically collecting and analysing information, and recommending actions to improve an organization's marketing activities. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 1 Learning Review What is the difference between exploratory, descriptive, and causal research? Answer: Exploratory research is done with the expectation that more conclusive research will be conducted later. Its initial purpose is to provide the researcher with a better understanding of the problem dimensions. Unlike exploratory research, descriptive research provides the researcher with a general understanding of the marketing problem and seeks conclusive data to answer questions necessary to determine a particular course of action. Exploratory and descriptive research would usually precede casual research. Causal research is used to identify cause-and-effect relationship among variables. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 2 THE MARKETING RESEARCH PROCESS ‣ Scientific Method ‣ Reliability ‣ Validity © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 3 FIGURE 8-1 The basic marketing research process © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 3 Learning Review What are reliability and validity? Answer: Reliability is the ability to replicate research results under identical environmental conditions. Validity involves the notion of whether the research measured what was originally intended. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 3 Learning Review What are the four basic stages in the marketing research process? Answer: The four basic stages in the marketing research process is: (1) Problem recognition, (2) Formal research design, (3) Data collection and analysis, and (4) Conclusions and report. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 3 PROBLEM DEFINITION ‣ Define the scope and nature of the marketing problem ‣ “a problem well defined is a problem half-solved.” ‣ Exploratory Research ‣ Secondary Data ‣ Primary Data ‣ Focus Groups ‣ Depth Interviews © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 4 Should Ocean Spray introduce cranberry juice in Asia when consumers there have never heard of cranberries? © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 4 FIGURE 8-2 Sources of secondary data © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 4 Learning Review What are secondary data? Answer: Secondary data, also called historical data, are data previously collected and assembled for some project other than the one at hand. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 4 Learning Review What are focus groups? Answer: Focus groups are informal interview sessions in which 6 to 10 persons relevant to the research project are brought together in a room with a moderator to discuss topics surrounding the marketing research problem. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 4 FORMAL RESEARCH DESIGN ‣ Survey ‣ Experiment ‣ Observation ‣ Ethnographic Research © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 3, 4 FIGURE 8-3 Comparing mail, telephone, personal, and online surveys © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 4 FIGURE 8-4 Typical problems in wording questions © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 4 FIGURE 8-5a To obtain the most valuable information from consumers, the Wendy’s survey utilizes five different kinds of questions © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 4 FIGURE 8-5b To obtain the most valuable information from consumers, the Wendy’s survey utilizes five different kinds of questions © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 4 Wendy’s changes continuously in response to changing customer wants while keeping its “Fresh, hot’n juicy®” image. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 How might Wal-Mart have done early marketing research to help develop its supercentres, which have achieved international success? © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 How do you do marketing research on something like toothbrushes? © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 2, 3, 4 FORMAL RESEARCH DESIGN ‣ Is There an Optimal Research Design? ‣ Sampling ‣ Probability sampling ‣ Non-probability sampling © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 2, 3, 4 Learning Review What is a survey? Answer: A survey is a research technique used to generate data by asking people questions and recording their responses on a questionnaire. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 4 Learning Review Which research method offers the potential for establishing cause-and-effect relationship? Answer: Marketing experiments offer the potential for establishing causeand-effect relationships (causal research). © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 2 Learning Review What is sampling? Answer: Sampling is the process of gathering data from a subset of the total population rather than from all members (census) of that particular population. A sample is a subset from a larger population. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 4 DATA COLLECTION AND ANALYSIS ‣ Once the research design has been formalized, the process of gathering or collecting data begins. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 CONCLUSIONS AND REPORT ‣ Interpret the information and make conclusions with regard to managerial decision making. ‣ The report should highlight the important results and conclusions. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 ETHICAL ISSUES IN THE MARKETING RESEARCH PROCESS ‣ Professional marketing researchers must make ethical decisions regarding the collecting, using, and reporting of research data. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 USING INFORMATION TECHNOLOGY TO TRIGGER MARKETING ACTIONS ‣ The Marketing Manager’s View of Sales Drivers ‣ Marketing Information System © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 FIGURE 8-6 Product and brand drivers: factors that influence sales © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 USING INFORMATION TECHNOLOGY TO TRIGGER MARKETING ACTIONS ‣ Key Elements of a Marketing Information System ‣ Data warehouse ‣ Sensitivity analysis © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 FIGURE 8-7 How marketing researchers and managers use information technology to turn information into action. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 USING INFORMATION TECHNOLOGY TO TRIGGER MARKETING ACTIONS ‣ Data Mining: Searching the Data Ocean ‣ Data mining © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 Learning Review What does a marketing manager mean when she talks about a sales “driver”? Answer: Many sales factors or "drivers" may influence the buying decisions of a household or organization and ultimately, its sales. These drivers include both the controllable marketing mix factors, like product and distribution, and uncontrollable factors like competition and the changing tastes of households or organizational buyers. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 Learning Review How does data mining differ from traditional marketing research? Answer: Traditional marketing research typically involves developing a hypothesis about a driver and then collecting data. In contrast, data mining is the extraction of hidden predictive information from large databases. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. LO 5 VIDEO CASE 8 Mystery Shopping as a Marketing Research Tool Mystery Shopping © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. VIDEO CASE 8-1 Mystery Shopping as a Marketing Research Tool How does the use of mystery shoppers relate to observational research discussed in the chapter, including ethnographic research? © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. VIDEO CASE 8-2 Mystery Shopping as a Marketing Research Tool What are the strengths and pitfalls of using mystery shopping to evaluate likely customer experience with an organization? © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. VIDEO CASE 8-3 Mystery Shopping as a Marketing Research Tool Suppose that a hotel, hospital, and supermarket each hired you to be a mystery shopper. Construct a basic evaluation instrument that you would use to examine the performance of those organizations in terms of customer service and measuring your overall customer experience with those organizations. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. VIDEO CASE 8-4 Mystery Shopping as a Marketing Research Tool What are the ethical issues involved in a company hiring mystery shoppers to measure the performance of their employees with regard to delivering a good customer experience? © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Marketing Research ‣ Marketing research is the process of defining a marketing problem and opportunity, systematically collecting and analyzing information, and recommending actions to improve an organization’s marketing activities. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Probability Sampling ‣ Probability sampling involves using precise rules to select the sample such that each element of the population has a specific known chance of being selected. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Non-probability Sampling ‣ In non-probability sampling researchers do not know the chances of selecting a particular element. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Primary Data ‣ Primary data are facts and figures that are newly collected for the project at hand. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Data Mining ‣ Data mining is the extraction of hidden predictive information from large databases. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Depth Interviews ‣ A detailed, individual interview with a person relevant to the research project. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Focus Groups ‣ An informal session of 6 to 10 past, present, or prospective customers, in which a discussion leader, or moderator, asks their opinions about the firm’s and its competitors’ products. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Survey ‣ A research technique used to generate data by asking people questions and recording their responses on a questionnaire. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Ethnographic Research ‣ Observational approach to discover subtle emotional reactions as consumers encounter products in their “natural use environment.” © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Experiment ‣ Obtaining data by manipulating factors under tightly controlled conditions to test cause and effect. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Secondary Data ‣ Facts and figures that have been recorded before the project at hand. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Observation ‣ Watching, either mechanically or in person, how people behave. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved. Sampling ‣ The process of selecting subsets from a population. © 2011 McGraw-Hill Ryerson Ltd. All rights reserved.