http://www.jou.ufl.edu/faculty /cmorton/ADV3500F08.htm An Overview of Research’s Role in Marketing & Advertising Planning Marketing Planning… Is a process that entails the conception, pricing, promotion, and distribution (4Ps) of ideas, goods, and services Philosophies of Product Marketing Production Concept Product Concept “If we make it, they will come” “If we make it different, they will come” Selling Concept They’re not going to come without a push The ‘Relationship’ Marketing Concept “Find out what they need/want, then make it happen” philosophy Based on companies building deeper relationships with customers… …by creating products that satisfy the desires of consumers after the needs of the TM has been determined Typical Research Questions for Marketers Who be? should the target market What What are their needs/wants? do they think about our product/brand? Advertising Planning’s Role in Product Marketing Involve the consumer throughout the promotions development process Logic: Ads and promotions that work do so because they understand the consumer… …and can speak to him/her in a way that resonates Typical Research Questions for Advertisers Who is the target audience? What media should we use? What message should we use? Enter Research… Through marketing and advertising research we can come to better understand issues that will be important for marketing and advertising to consumers… Understanding to Be Gained Background Situation Product’s intended purpose Consumer Behavior (how it works, what makes it unique) Who uses it, what do they think about it, what is their ‘relationship’ with it Cultural Trends Driving the Product’s Success Walt Disney World vs. Universal Studios Florida Case Overview Universal’s Product Problem: Gate traffic into Universal was declining were being lost to Magic Kingdom, Epcot, Sea World Due to misperceptions about Universal’s product offering Case Overview Research was used to understand the differences between visitor’s emotional experiences between Disney World and Universal Studios Florida Purpose: To identify a point of difference or unique selling point to potential visitors Case Overview Research techniques used Guided Imagery Word/Picture Sort Laddering Venue Intercept (malls, restaurants) Case Overview: Findings Different emotional ‘payoffs- are experienced Universal associated with ‘escape’ and ‘thrill’ for both parents & kids Family life stage plays into vacationer needs and wants Case Overview: Results Based on the research findings, a campaign was developed to target the emotional needs of the consumer base In one year, Universal more than doubled its gate sales over the year before Reasons We Conduct Research Reduce risk Provide information that will help us make marketing and advertising decisions Learning what worked, what did not, and why Reasons We May Not Management has already decided on a direction The market opportunity has passed Lack of time/resources Reasons We May Not Lack of agreement on what information is needed Costs outweigh the benefits Information already exists 3 Broad Categories of Research Basic Applied Methodological Broad Areas of Research Basic Research Provides information about a phenomenon Tests a theory or hypothesis But, does not attempt to solve a specific marketing problem for a specific marketer Examples of Basic Research Findings Research conducted on magazine advertising shows that when advertising clutter increases, news stand sales decrease Examples of Basic Research Findings “Mud slinging” in political races negatively affects voters’ evaluations of the “targeted” candidate, but not the sponsoring candidate Broad Areas of Research Applied Research Problem-specific research Meant to help marketing managers solve specific problems Example of an Applied Research Hypothesis Increasing the price of our laundry detergent from $3 to $3.50 will result in more favorable evaluations of the product’s image Example of an Applied Research Hypothesis Consumer demand for our product will increase when coupons are introduced to the market for a limited time period Broad Areas of Research Methodological Research Research for the purpose of improving the process of gathering information Example of a Methodological Research Question Is television viewership data more reliably gathered with diaries or people-meters?