RESEARCH DRIVEN DECISION MAKING (MBA 8652) Summer 2014 W 6:00 – 9:00 (Bartley 3001) Dr. Jeremy Kees, Associate Professor of Marketing Office: Bartley 3006 (Office hours by appointment) Phone: 610.519.6145 Email: jkees@villanova.edu “Tell me and I forget, Teach me and I remember, Involve me and I learn.” – Ben Franklin COURSE DESCRIPTION: This course will cover the basics on how to conduct business research with a focus on markets and consumers. The course will be practical in nature with an emphasis on using research to make managerial decisions. The course will cover topics in research including research design, sampling, survey design, and interpretation/application of research results. Data analysis will not be covered. VALUE OF THE COURSE: The ability to utilize research is critical in making well-informed managerial decisions. Most students will not choose to pursue a career as a researcher; however all students will definitely be users of research information. A primary goal of this course is to help students learn enough about research methods to give them confidence in identifying problems that can be solved with research, choosing the appropriate research design that will address the problem, and using the research to make strategic decisions. In addition, students will learn to identify the circumstances under which the different types of study designs and data collection methods are most appropriate to address the problem at hand. The focus of the class will not be the nuts and bolts of research (e.g., statistics), but rather on big picture concepts on how to choose appropriate research designs for various problems and how to interpret research findings. The course will feature actual industry research projects to further stress management's use of information/data to drive value-added decision-making. In sum, the goal is that students will see the value in using empirical evidence to make decisions rather than anecdotal evidence. Kees, MBA 8652 1 COURSE OBJECTIVES: By the end of the course, students should be able to: 1. 2. 3. 4. 5. Identify and define decision problems Identify what information is needed to solve various types of classic decision problems Design a research project to suit the problem and collect the relevant data Interpret research results and make decisions Implement all aspects of the marketing research process in a ethical and socially responsible manner LEARNING ENVIRONMENT AND CLASS PARTICIPATION: I always try to avoid a strict lecture environment in the classes I teach. For this class in particular, I will play the role of “discussion moderator” rather than lecturer. The effectiveness of this approach is contingent upon the extent to which students come to class prepared. Thus, it is crucial that you stay current with you reading and spend adequate time becoming intimately familiar with the readings. Participation: Class participation is an important component of your grade. I will consider both the quality and quantity of your contributions to our class. Please notify me in advance if you must miss class. You are fully expected to contribute to class discussion. This requires you to dig a bit deeper into the material and find angles to attack the problems that others may not have thought of. Attendance: Please be sensitive to the short duration of this class. If you miss more than one class, you miss one-third of the in-class content! If your work schedule requires you to miss more than one class, please take this class another semester or choose another class to take. Mini Applied Project Assignments: Students will work in small teams (2-4 students) to address a problem of interest to the team. The problem should be a real issue a team member is dealing with at work. Over the course of the semester, the team will work to properly formulate the problem, choose an appropriate research design to address the problem, design a measurement instrument, and design a sampling and data collection plan. There are a total of four assignments worth 25 points each. Kees, MBA 8652 2 COURSE MATERIALS: Required Readings: Beall, Anne E. (2010), Strategic Market Research: A Guide to Conducting Research that Drives Businesses Fowler, Floyd, J (2009), Survey Research Methods (4th Edition) Other outside readings and datasets will be posted on the course website. COURSE WEBSITE: The course website can be found at: http://www85.homepage.villanova.edu/jeremy.kees/ Here, you will find all course materials including the syllabus (this document), schedule, assignments, readings, etc. The website will be updated periodically as the semester goes on. INCLEMENT WEATHER POLICY AND CLASS CANCELLATIONS: If Villanova is open, class will be held at the scheduled time. If you have a long commute to campus and are nervous about the road conditions, please use your own judgment. If class is canceled I will notify students by e-mail or via the Blackboard website. EXAMINATIONS: You will be expected to take one exam on the last day of class. The exam will cover all material covered in class and in the assigned readings. ACADEMIC INTEGRITY: Any instances of academic dishonesty will be dealt with swiftly and severely according to the Villanova University Academic Integrity Code available at: http://www.vpaa.villanova.edu/academicintegrity/code.html STUDENTS WITH DISABILITIES: I will do my best to accommodate any student who has a disability that may affect their success in this course. I ask that you meet with me regarding any special accommodations you may need by the second week of class. Kees, MBA 8652 3 GRADES: Maximum Points Possible Class Participation Exam = Applied Mini-Assignments = Total possible points = Grades as a Percentage of Total Points Possible: 50 100 100 250 > 93% = A 90-92% = A87–89% = B+ 84-86% = B 80-83% = BHopefully that will cover everyone… ***Syllabus May Be Subject To Change (but probably not)*** Kees, MBA 8652 4 MBA 8652 Course Schedule Date Lecture Topic 7/2 Assignment for Next Class WEEK 1 Course Introduction / Research Overview Lecture Topic: Research Process and Problem Formulation DUE Andreasen, Alan R. (1985), “Backward Marketing Research,” HBR, May/June, 176-182 Beal: Chapters 1-2, 4-6 Fowler: Chapter 1 WEEK 2 7/9 Beal: Chapter 3 Fowler: Chapter 1 and 13 Team Assignment #1: Identify your Problem Lecture Topic: Research Design Jake Pasini, Turn5, Inc WEEK 3 7/16 Lecture Topic: Survey Design Sarah Simmons & Erica Parker, Harris Interactive Fowler: Chapters 6-8 Team Assignment #2: Design your Study Team Assignment #1 (Prob. Form.) WEEK 4 7/23 Lecture Topic: Measurement Guest Speaker: Felicia M. Newman, Principal, Newman Marketing Research Fowler: Chapters 2-5 Team Assignment #3: Develop your Measurement Instrument Team Assignment #2 (Design) WEEK 5 7/30 Lecture Topic: Sampling / Data Collection Guest Speaker – George Leon, Senior VP, National Analysts Team Assignment #4: Design your Sampling Method and Data Collection Strategy Note Fowler Chapters 9-10 as excellent reference materials Prepare for Final Exam Team Assignment #3 (Measurement) WEEK 6 8/6 Kees, MBA 8652 FINAL EXAM Team Assignment #4 (Sampling/Data Collection) 5