Beruflich Dokumente
Kultur Dokumente
RESEARCH
MODULE 1
Dr. Jitha G. Nair
Module 1
Module 1 Introduction to Marketing Research
Introduction, Definition, Need, Relevance and Scope of
Marketing Research, Types of Research - Qualitative and
Quantitative Research, Steps in Research Proposal, Limitations
– Cost & Time Constraints, Industrial Vs Consumer Marketing
Research, Ethical Issues in Marketing Research. Marketing
Research Organizations in India, Role of Information in
Marketing Research, Use of Internet in Marketing
What is Marketing?
•Collection
•Systematic design
Reporting
•Analysis
WHAT IS MARKETING RESEARCH?
•Systematic design
•Collection
Philip Kotler:
“The systematic design, collection, analysis and
reporting of data, and finding a solution relevant to
specific situation facing the company”
1. Market research
• Study of market size or market potential, market
profile, market share analysis, market segments,
market trends, sales forecasting, seasonality and
trends, etc.
2. Product research
• Study the actual uses and new uses of a Product,
testing new product, reviewing product design,
quality, features & product line, study of packing &
packaging design, study of brand name & its
impact, etc.
SCOPE OF MARKETING RESEARCH
3. Consumer research
• Study of consumer profile, Consumer’s tastes, brand
preferences, etc.
4. Distribution research
• Determination of locations of distribution centres,
measuring relative effectiveness of different types
of distribution intermediaries, Distribution cost
analysis, measuring warehouse ef ficiency,
determination of optimum inventory levels, etc.
5. Pricing research
• Evaluation of pricing strategy of the firm, measuring
price elasticity of demand, assessing the general
pattern of pricing in the industry
SCOPE OF MARKETING RESEARCH
6. Sales research
• Analysing methods of fixing sales quota & territories,
testing new sales techniques, measuring salesman’s
effectiveness, analysing salesman’s training needs,
studying sales compensation, etc.
7. Advertising and Promotion research
• Media research, advertising copy research, assessing
the effectiveness of advertising, assessing the
effectiveness of sales promotional ef forts, etc.
8. Research on Competition
• Studying competitors’ marketing strategies, studying
competitive structure of the industry and individual
competitors, etc.
The Role of Marketing Research
Customer Groups
• Consumers
• Employees
• Shareholders
• Suppliers
Uncontrollable
Controllable Environment
Marketing Falactors
Variables
Marketing •Economy
•Product
Research •Technology
•Pricing
•Laws &
•Promotion Regulation
•Distribution •Social & Cultural
Assessing Providing Marketing Factors
Informatio Information Decision
Needs
n Making •Political Factors
Marketing Managers
• Market Segmentation
• Target Market Selection
• Marketing Programs
• Performance & Control
TYPES OF MR
Basic Research
Applied Research
Designated fact
gathering Research
TYPES OF MR
Exploratory Conclusive
Research Research
Design Design
Descriptive Causal
Research Research
Cross-Sectional Longitudinal
Design Design
Depth interviews
/ focus group Survey
Panels
Projective
techniques
Product tests
Qualitative versus Quantitative Research
Time constraints
Availability of data
Nature of the decision
Benefits versus costs
DETERMINING WHEN TO CONDUCT
MARKETING RESEARCH
Time Constraints Availability of Data Nature of the Decision Benefits vs. Costs
No No No No
Research expenditures
Decreased uncertainty Delay of marketing
Increased likelihood of decision and possible
correct decision disclosure of information
Improved marketing to rivals
performance and Possible erroneous
resulting higher profits research results
Costs
Value
BARRIERS LIMITING THE USE OF
MARKETING RESEARCH
Scientific method
Research creativity
Multiple methods
Interdependence
Value and cost of information
Healthy skepticism
Ethical marketing
MARKETING INFORMATION SYSTEM
(MKIS)
• Consists of people, equipment, and
procedures to gather, sort, analyze,
evaluate, and distribute needed, timely, and
accurate information to marketing decision
makers.
MARKETING INFORMATION SYSTEM
MARKETING INFORMATION SYSTEM
Marketing intelligence is
the systematic collection
Sources of Info and analysis of publicly
available information
about competitors and
Internal data trends in the marketing
Marketing environment.
intelligence Competitive intelligence
gathering activities have
Marketing research grown dramatically.
Many sources of
competitive information
exist.
SOURCES OF
COMPETITIVE INTELLIGENCE
• Company • Competitor’s
employees employees
• Internet • Trade shows
• Garbage • Benchmarking
• Published • Channel
information members and
key customers
DEVELOPING MARKETING
INFORMATION
[Scholarly acceptability]
Review of Related Literature – Important
Information
Information concerning theory – findings
Information concerning methods
Information concerning data analysis
Strengths and weaknesses
Can reveal sources of data that you may not have known existed
Demonstrates why it is important and timely
To avoid or solve problems others have encountered in their research
(Limitations)
Increase your confidence in your topic because others have invested
considerable time, effort, and resources in studying it
Steps in Conducting Literature Review - 1
Method
Population / Sample to be studied
Instrumentation
Data collection procedures
Data analysis
Selecting the Research Design
1. MR agencies are of immense help which cannot afford to employ their own marketing
research staff this saves time cost effort client firms
2.MR agencies contact executive development programs to train executives in various
techniques of marketing research . this hell is the organizations to brighten the skills and
techniques of their staff
3 . MR agencies also perform consultancy work of different clients in various
management and marketing areas this is of great help because the same agency cut
offer consultancy and perform marketing research assignments. The client does not have
to search for different agencies for varied marketing problems
4.MR agencies have expertise and experience in research they can work on problems
more effectively and provide latest information to the clients
Marketing Research Suppliers &
Services
RESEARCH
INTERNAL SUPPLIERS EXTERNAL
Field Branded
Syndicate Internet Products
Services
Services Services and Services
Customiz Coding and
Standardized
ed Data Entry Data
Services
Services Services Analysis
Analytical
Services Services
FULL SERVICE
Senior Analyst
• Participates in the development of projects
• Carries out execution of assigned projects
• Coordinates the efforts of analyst, junior analyst, & other personnel in the development
of research design and data collection
• Prepares final report
Statistician/Data Processing
Analyst • Serves as expert on theory and
• Handles details in execution of project application on statistical techniques
• Designs & pretests questionnaires • Oversees experimental design, data
• Conducts preliminary analysis of data processing, and analysis
Ethics are moral principles or values generally governing the conduct of an individual or
group.
Ethical behaviour is not, however, a one-way relationship. Clients, suppliers, and field
services must also act in an ethical manner
Ethical questions range from practical, narrowly defined issues, such as a researcher’s
obligation to be honest with its customers, to broader social and philosophical questions,
such as a company’s responsibility to preserve the environment and protect employee
rights.
Many ethical conflicts develop from conflicts between the differing interests of company
owners and their workers, customers, and surrounding community. Managers must
balance the ideal against the practical—the need to produce a reasonable profit for the
company’s shareholders with honesty in business practices, and larger environmental
and social issues.
Research Supplier Ethics
Right to Choose
Right to Safety
Right to Be Informed
Right to Privacy
Plagiarism