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Marketing Research Process


It’s all about the …


        Information Need!
Harley Davidson – Dilemma in
2005!
       (www.harleydavidson.com)

   To invest in new facilities or not!
   What is the problem being addressed?
   Inadequate problem definition is a
    leading cause of failure of MR projects.
Defining the Problem &
Developing an Approach
   Understand the background of the
    problem by analyzing the environmental
    context.
   Tasks involved in problem definition:
   Discussions with decision makers
   Interviews with industry experts
   Analysis of secondary data
Steps in Marketing Research
Process
   Problem Definition
   Development of an approach to the
    Problem
   Research Design Formulation
   Fieldwork/Data Collection
   Data Preparation & Analysis
   Report Preparation & Presentation
Management Decision
Problem
   Asks what the decision maker needs to
    do
   Action oriented
   Focuses on symptoms
Marketing Research Problem
   Asks what information is needed & how
    it should be obtained
   Information oriented
   Focuses on the underlying causes
MDP vs. MRP
MDP: Should a new product be introduced
MRP: to determine consumer preferences & purchase
 intentions for the proposed new product
MDP: Should the advertising campaign be
 changed?
MRP: to determine the effectiveness of the current
 advertising campaign
MDP: Should the price of the brand be
 increased?
MRP: to determine the price elasticity of demand & the impact
  on sales & profits of various level of price changes
Research Design
3-broad classifications:
 Exploratory Research

 Descriptive Research

 Causal Research
Exploratory Research
   Clarifying thoughts
   Forming opinions
   Crystallizing the problem
Descriptive Research
2-types:
 Longitudinal Studies

(respondents studied over a period of time)
   Cross-sectional Design
(1-shot research study at a given point of time,
  consists of a sample/cross-section of the
  population)
Causal Research Design
   Seeks to establish causation
   Whether or not Y is affected by X?
   Does X cause Y?
Designing the Research
Methodology

5-major parts:
 Research method (Secondary/Primary)

 Sampling Plan

 Questionnaire Design

 Field work plan

 Analysis plan
Primary Data Collection Methods
   Surveys
   Observation
   Experimentation
   Qualitative Techniques
(word association/focus group/projective techniques)
   Specialized Techniques
(consumer panel/retail audit/TV audience
   measurements)

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2.mr process

  • 1. Marketing Research Process It’s all about the … Information Need!
  • 2. Harley Davidson – Dilemma in 2005! (www.harleydavidson.com)  To invest in new facilities or not!  What is the problem being addressed?  Inadequate problem definition is a leading cause of failure of MR projects.
  • 3. Defining the Problem & Developing an Approach  Understand the background of the problem by analyzing the environmental context.  Tasks involved in problem definition:  Discussions with decision makers  Interviews with industry experts  Analysis of secondary data
  • 4. Steps in Marketing Research Process  Problem Definition  Development of an approach to the Problem  Research Design Formulation  Fieldwork/Data Collection  Data Preparation & Analysis  Report Preparation & Presentation
  • 5. Management Decision Problem  Asks what the decision maker needs to do  Action oriented  Focuses on symptoms
  • 6. Marketing Research Problem  Asks what information is needed & how it should be obtained  Information oriented  Focuses on the underlying causes
  • 7. MDP vs. MRP MDP: Should a new product be introduced MRP: to determine consumer preferences & purchase intentions for the proposed new product MDP: Should the advertising campaign be changed? MRP: to determine the effectiveness of the current advertising campaign MDP: Should the price of the brand be increased? MRP: to determine the price elasticity of demand & the impact on sales & profits of various level of price changes
  • 8. Research Design 3-broad classifications:  Exploratory Research  Descriptive Research  Causal Research
  • 9. Exploratory Research  Clarifying thoughts  Forming opinions  Crystallizing the problem
  • 10. Descriptive Research 2-types:  Longitudinal Studies (respondents studied over a period of time)  Cross-sectional Design (1-shot research study at a given point of time, consists of a sample/cross-section of the population)
  • 11. Causal Research Design  Seeks to establish causation  Whether or not Y is affected by X?  Does X cause Y?
  • 12. Designing the Research Methodology 5-major parts:  Research method (Secondary/Primary)  Sampling Plan  Questionnaire Design  Field work plan  Analysis plan
  • 13. Primary Data Collection Methods  Surveys  Observation  Experimentation  Qualitative Techniques (word association/focus group/projective techniques)  Specialized Techniques (consumer panel/retail audit/TV audience measurements)