LEE KONG CHIAN SCHOOL OF BUSINESS Year 2008/09 Term 3A MKTG 103 MARKETING RESEARCH Instructor: Cathy Chen Assistant Professor of Marketing Tel: Email: Office: 6828 0726 cathychen@smu.edu.sg Lee Kong Chian School of Business, Level 5, Room 5068 COURSE DESCRIPTION This course provides you with the skills and tools needed to understand, evaluate and conduct marketing research. Marketing research is vital in the assessment of new business opportunities, go/no go decisions for new products, pricing and product design issues, among other business issues. In this course, we will go through the basic marketing research process to understand how to formulate and structure marketing problems, gather and analyze quantitative marketing data, and make effective decisions based on those data. In addition, we will also discuss some more advanced issues related to marketing research design, measurement, analyses and inferences, with a view to make recommendations for the appropriate marketing research to be undertaken and to appreciate what can and cannot be learned from marketing research. This is a hands-on course and these skills are particularly useful if you plan to go into a consulting or marketing career. PRE-REQUISITE/ CO-REQUISITE/ MUTUALLY EXCLUSIVE COURSE(S) Please refer to the Course Catalogue on OASIS for the most updated list of pre-requisites / co-requisites for this particular course. Do note that if this course has a co-requisite, it means that the course has to be taken together with another course. Dropping one course during BOSS bidding would result in both courses being dropped at the same time. RECOMMENDED TEXT AND READINGS Aaker, Kumar and Day (AKD), Marketing Research (9th Ed.), Wiley, 2006 (ISBN: 978-0-470-05076-7) The course packet contains selected cases and other required readings and is required. Additional material will be distributed as needed and we will use the class website as a clearing house for current 1 articles. Students are expected to keep abreast of current developments in the Asia-Pacific region by reading leading business dailies/weeklies like the Asian Wall Street Journal, Far Eastern Economic Review, The Economist, Business Times and Business Week. ASSESSMENT METHOD 1. 2. 3. 4. Class Participation Mid terms exam Group projects Final Exam 10% 30% 20% 40% CLASS TIMINGS 3 days per week, 3 hours/class COURSE METHODS Lectures and discussions CLASS SCHEDULE (subject to minor changes) Session 1 2 3 Date April 28 April 29 April 30 4 May 5 5 May 6 Topic Course Introduction CP: read “Market Research” CP: read “Backward Market Research” AKD 1,2 Research design and the value of marketing research CP: read “The Value of Information” Sources of marketing data: secondary and standardized CP: read “If Brands Are Built Over Years...” 3,4 Primary data collection Focus groups Questionnaire design, measurement and measurement scales, and sampling 8,9 CP: read “Non-sampling vs sampling errors...” Assignment 1 due (May 4th) Causality and experimentation CP: read “Causal Inference...” CP: read “EDLP, Hi-Lo, …” Fundamentals of data analysis 14,15 Hypothesis testing 17,18 5,6 10-12 13 16 2 6 May 7 Regression analysis I CP: read “Four Steps to Forecasting,…” 19 Regression analysis II CP: case reading and preparation “Nopane Advertising…” Session Date Assignment 2 due (May 8th) Topic 7 May 12 Logistic regression 8 May 13 Mid Term Exam 9 May 14 Conjoint analysis I CP: read “New Ways to Measure…” AKD 22 Conjoint analysis II CP: case reading and preparation: “Clark Material…” 10 May 19 Assignment 3 due (May 15th) Market segmentation and profiling 11 May 20 Customer value analysis Factor analysis I (scale construction) 21 May 21 Factor analysis II (complete analysis) Discriminant analysis 20 13 May 26 Assignment 4 due (May 22nd) CP: case preparation and discussion: Juice Guys (A) 25 14 May 27 12 Course summary and wrap-up Assignment 5 due (May 28th) 3