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                          iPOTT
                 Getting you there…
                                         Improving Validity of market research
                                         As discussed in our previous issue, Market Research involves
Go Goal                                  problem definition, developing a research methodology or an
                                         approach to the problem defined, research design, collection
Set, Get, Go…                            of data from participants, data extraction for analysis and
                                         finally reporting.
To visit this blog Click here.
                                         A good research practice is to collect secondary data and
iPOTT being an end to end                analyze it completely before analyzing primary research data.
provider of innovative and cost          This is because primary data addresses the issue at hand,
effective services in the areas of       unlike secondary data which is used to analyze all the other
knowledge management, sales              ‘related’ issues to the problem under concern. To be more
enablement and consulting offers         precise, secondary data is mostly related to background
a unique and unbiased platform           information and can only add to or support the information
for software product companies           that is later generated from primary research.
worldwide to reach their target
markets                                  Having realized the importance of conducting primary
                                         research, it is now critical to understand the nature of primary
                                         research to use to achieve an objective. It is therefore
                          www.ipott.om   necessary to define the approach towards problem. The
                        info@ipott.com   approach adopted may be formulation of research questions,
                                         hypothesizing and developing theoretical frameworks or
                                         models. This is then tested by developing appropriate
                                         research methodology which could be either ‘analytical and
                                         quantitative’ or ‘exploratory and qualitative’. A quantitative
                                         analysis is not as error prone as qualitative research due to its
                                         dependence on numerical values and statistical analysis. The
                                         only bias issue with quantitative analysis could be when the
                                         sample chosen is erroneous and is not reflective of the
                                         population characteristics. The method of obtaining data may
                                         be through surveys, experimentation and observation.
A qualitative analysis is extremely beneficial in understanding
group dynamics and the trends that are emerging in evolving
markets. It is important to gain an insight into the changing
needs of people by actually speaking to groups. This could be
achieved through focus groups, case studies, in-depth
interviews and word associations. However bias could be
generated in every phase of discourse starting from the way
focus groups are conducted to the way information is
analyzed.

How can this bias and ‘generalisability’ issue be avoided?
Studies indicate that best practice in conducting such a
research is by applying intellectual vigor right from the point
of sampling to applying techniques to analyze non-numerical
data. In practice, it is hard to achieve the ideal sample,
because research may sometimes involve hard-to-reach
population. But one must try to have a well-selected and
diversified sample to add to validity of data. It has been found
that mutual trust between researcher and participant enables
a constructive conversation which is helpful in eliciting more
accurate data. Social theories can be used to provide
explanatory framework and claim that the outcome of
research must be applicable to a range of other social groups.
If there is a deviation from the social theory and the
secondary research, then the validity of data elicited is
questionable.

Studies have indicated that the best way to avoid the
researcher induced bias is by having holistic description and
engaging in corroboration through triangulation. According to
Denzin, triangulation is of four types data, investigator,
methodological and theory triangulation. It is a proven
method of obtaining data from 2 or 3 different sources to test
the accuracy and validity of data. The overall idea is to
overcome intrinsic biases associated with single theory, single
method and single user.

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Improving Validity of market research

  • 1. 6/2/2012 iPOTT Getting you there… Improving Validity of market research As discussed in our previous issue, Market Research involves Go Goal problem definition, developing a research methodology or an approach to the problem defined, research design, collection Set, Get, Go… of data from participants, data extraction for analysis and finally reporting. To visit this blog Click here. A good research practice is to collect secondary data and iPOTT being an end to end analyze it completely before analyzing primary research data. provider of innovative and cost This is because primary data addresses the issue at hand, effective services in the areas of unlike secondary data which is used to analyze all the other knowledge management, sales ‘related’ issues to the problem under concern. To be more enablement and consulting offers precise, secondary data is mostly related to background a unique and unbiased platform information and can only add to or support the information for software product companies that is later generated from primary research. worldwide to reach their target markets Having realized the importance of conducting primary research, it is now critical to understand the nature of primary research to use to achieve an objective. It is therefore www.ipott.om necessary to define the approach towards problem. The info@ipott.com approach adopted may be formulation of research questions, hypothesizing and developing theoretical frameworks or models. This is then tested by developing appropriate research methodology which could be either ‘analytical and quantitative’ or ‘exploratory and qualitative’. A quantitative analysis is not as error prone as qualitative research due to its dependence on numerical values and statistical analysis. The only bias issue with quantitative analysis could be when the sample chosen is erroneous and is not reflective of the population characteristics. The method of obtaining data may be through surveys, experimentation and observation.
  • 2. A qualitative analysis is extremely beneficial in understanding group dynamics and the trends that are emerging in evolving markets. It is important to gain an insight into the changing needs of people by actually speaking to groups. This could be achieved through focus groups, case studies, in-depth interviews and word associations. However bias could be generated in every phase of discourse starting from the way focus groups are conducted to the way information is analyzed. How can this bias and ‘generalisability’ issue be avoided? Studies indicate that best practice in conducting such a research is by applying intellectual vigor right from the point of sampling to applying techniques to analyze non-numerical data. In practice, it is hard to achieve the ideal sample, because research may sometimes involve hard-to-reach population. But one must try to have a well-selected and diversified sample to add to validity of data. It has been found that mutual trust between researcher and participant enables a constructive conversation which is helpful in eliciting more accurate data. Social theories can be used to provide explanatory framework and claim that the outcome of research must be applicable to a range of other social groups. If there is a deviation from the social theory and the secondary research, then the validity of data elicited is questionable. Studies have indicated that the best way to avoid the researcher induced bias is by having holistic description and engaging in corroboration through triangulation. According to Denzin, triangulation is of four types data, investigator, methodological and theory triangulation. It is a proven method of obtaining data from 2 or 3 different sources to test the accuracy and validity of data. The overall idea is to overcome intrinsic biases associated with single theory, single method and single user.