MARK 2048 – MARKETING RESEARCH ASSIGNMENT DETAILS Group Project – 40% Group projects will consist of 3 phases, which combined will represent a fully develop research plan. Each phase of the research plan will be submitted as an assignment. During the last week of class each group will present their research findings. Assignment #1 – Revise research proposal from MARK 2044 to include a quantitative study. Assignment #2 – Design quantitative research questionnaire. Assignment # 3– Execute questionnaire, create an SPSS database, analyze data and report results. VALUE: 40% of your final grade DUE DATES: Week 3 Week 6 Week 14 Week 14 - Revised proposal due – 5% Questionnaire and sampling plan due – 10% Final report and analysis – 20% Group presentation – 5% Task Each team (4-6 students) will act as a marketing research company, and, using project management skills, will propose, plan, implement, and evaluate a marketing research project of your choosing. Your analysis of findings and recommendations (in a business report format ((Cerlox bound) will be presented in-class in a manner that encourages buy-in. This project will allow you to apply the learning from lectures in a meaningful way that demonstrates the full spectrum of issues involved in conducting consumer research. Task Administration Details 1. This assignment is to be completed in teams of 4-6 members. 2. All materials are due at the beginning of class on the specific due dates. 3. Late submission of written work will not be accepted. Additionally, students not able to present on the day assigned will be penalized with a mark of 0 on the presentation portion, unless alternative arrangements are made prior to the published deadline. The Deliverables Part One: Research proposal Title of the Project Introduction Background Research Problem / Opportunity Hypothesis to be tested Research Objectives Information Needs Methods Research Design Data Collection Method Sampling Plan Administration Capabilities to conduct the research Budget Schedule *** The proposal should be accompanied by a cover letter *** The research proposal will be marked and returned to each group before work begins on the second part of the assignment. To improve the overall project, groups should make alterations as indicated by this feedback. The Deliverables (cont’d) Part Three: RESEARCH REPORT & PRESENTATION RESEARCH REPORT Analysis of data should include appropriate statistical analysis as discussed in class. Title Page Table of Contents Executive Summary Introduction Key Results – Conclusions of hypothesis testing Conclusions Recommendations Introduction Background Objectives Methodology Results Detailed Results Limitations Conclusions and Recommendations Appendix Copies of Data Collection Forms Detailed Calculations Detailed Tables and Charts Details of statistical analysis conducted Bibliography PRESENTATION You will have a maximum of 15 minutes in which to present your Research Report. There will be time for questions and answers after the presentation. You are to hand in both your final written report and a copy of your presentation material, at the beginning of this class. Advise the week prior to your presentation of any special AV requirements. *** Critical Considerations *** 1. The project should be undertaken for your “client”. Make sure you meet your client’s information needs, and write your report so it is understandable to your client. You are preparing a business report, not an academic report. All reports should begin with a short Executive Summary. 2. Normal practice in the marketing research industry is for a client to ask for proposals from a number of competing suppliers. As a result, proposals become a selling document. Make sure your proposal does an adequate job of “selling” your approach and your firm. 3. In developing your methodology and in preparing your report, you should specify the “ideal” procedures to be followed given the nature of the problem under investigation. In conducting the study, however, deviations from the ideal will be permitted to reduce the scope of the work to manageable proportions. An example of the type of change permitted is in sample size. In most cases the actual sample size you work with will be considerably lower than the ideal. 4. Carry the analysis of your data as far as you can. Because of your small sample size, you will have to accept statistical results lower than you normally would. Be sure to report the basic frequency distributions in addition to other statistical results. 5. In establishing your budget, use the following costs as a guideline: Project Manager / Analyst $1,000/day Field Interviewers (Phone or personal) $60/hour Printing / Copying $0.10/page Data Entry $10/questionnaire Computing Charges $1,000 Contingencies 10% of total budget 6. Make sure your report contains a very clear statement of your objectives and the information needs of your client. It would be useful to develop a chart of some kind showing the relationship between objectives, information needs, and specific questions. *** Critical Considerations *** (cont’d) 7. Include easy-to-read charts and tables in your report. Your client undoubtedly is a busy person and will want to read a concise, yet comprehensive report. Charts, graphs, tables, etc. should be included with (integrated to) the text and at a point close to where they are referenced. Do not simply attach them at the end. Very detailed information may be put in an appendix at the end of the report. Effective presentation of your results is critical. 8. Your reports will be assessed on the basis of: Extent to which you address your client’s needs and are able to provide clear-cut recommendations for action Proper use of marketing research approaches Ability of your written documents to clearly communicate your ideas Team Work Perils If you find that a member of your group is not pulling their fair share, please advise me (prior to the presentation date) and I will provide a method for dispute resolution. Please ensure that your expectations of each other are clear. People operate at different levels of intensity and have varying schedules with school, work and family commitments. Make sure that the detail of work expected, and meeting requirements, are clearly laid out. Superior project work occurs when the material is worked on over time. A lastminute crash attempt usually shows up as a shoddy or unbalanced final report.