Chapter 6 Global Management Information Systems and Marketing Research.
Chapter 9 Marketing Research And Information Systems.
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Transcript of Chapter 9 Marketing Research And Information Systems.
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Chapter 9Marketing Research And
Information Systems
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Objectives
• Describe steps in conducting marketing research• Explore methods of gathering data for marketing
research• Describe nature/role of information systems in
marketing decision making• Understand how tools: databases, decision
support systems, and the Internet facilitate marketing research
• Identify key ethical and international considerations in marketing research
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Marketing Research
The systematic design, collection, interpretation, and reporting of information to help marketers solve specific marketing problems or take advantage of marketing opportunities.
Marketresearch.com
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Benefits Of Market Research
• Facilitates strategic planning
• Assess opportunities/threats
• Ascertain potential for success
• Determine feasibility
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The MarketingResearch Process
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Identifying NeedFor Research = Problem
• Departure from normal function
• Typical problems requiring research
• Discover reasons for exceeding goals
• Identify/define opportunities or changes
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Defining Problem
• Nature/scope of situation
• Clear definition of need
• Determine precisely what research is to determine
• How will research be used?
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Designing the Research Project
Research Design – an overall plan for obtaining the information needed to address a research problem or issue.
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Hypothesis
An informed guess or assumption about a certain problem or set of circumstances.
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Types of Research
• Exploratory Research – research conducted to gather more information about a problem or to make a tentative hypothesis more specific
• Conclusive Research – research designed to verify insights through objective procedures and to help marketers in making decisions
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ResearchExploratory vs. Conclusive
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Types OfConclusive Research
• Descriptive- clarifies characteristics of certain phenomena to solve a particular problem
• Experimental- allows marketers to make casual inferences about relationships
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Descriptive Research
• Demand prior knowledge
• Assume problem/issue is clearly defined
• Some require statistical analysis and predictive tools
• Marketer’s task
– Choose adequate methods
– Measure data
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Experimental Research
• Allows marketers to make causal deductions
• Requires
– Independent variable
– Dependent variable
• Provides strong evidence of cause and effect
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Reliability and Validity
• Reliability – identical results produced in repeated trials of the same research technique
• Validity – research method measuring what it is supposed to measure
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Data
• Primary – observed/recorded or collected directly from respondents
• Secondary – compiled both inside and outside the organization for some purpose other than the current investigation
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Sources Of Secondary Data
• Organization’s database
• Accounting records
• Competitive information
• Trade associations
• Periodicals
• Gov’t publications
• Unpublished sources
• Online databases
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Methods OfCollecting Primary Data
• Population- all elements, units or individuals of interest to researchers for a specific study
• Sample- limited number of units chosen to represent the characteristics of a total population
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Sampling
• Population – elements, units, or individuals of interest to researchers for a specific study
• Sample – a limited number of units chosen to represent the total population
• Sampling – selecting representative units from a total population
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Probability Samples
• Probability – every element in the population has a known chance of being selected for study
– Random- all units in a population have an equal chance of appearing in the sample
– Stratified- population is divided into common attributes and random sample chosen within each group
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Nonprobability Sampling
• Nonprobability- more subjective than probability because no way to calculate likelihood specific element will be chosen
– Quota- researchers divide population into groups then arbitrarily choose from each group
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Survey Methods
• Mail – respondents answer questionnaire through mail
• Telephone – respondents’ answers are recorded by interviewer on the phone
• Online – respondents answer questionnaire via e-mail or website
• Personal Interview Surveys – participants respond to survey questions face to face
Sample Mail Survey
Sample Phone Survey
Sample Online Survey
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Comparison of theFour Basic Survey Methods
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Benefits OfPersonal Interview
• Rapport• More in-depth
– Probes– Follow-up– Tests
• Longer• Yield more information• Respondents can be carefully selected,
reasons for nonresponse explored
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Types OfPersonal Interviews
• In-home (door-to-door)
• Focus group
• Customer advisory boards
• Telephone depth
• Shopping mall intercept
• On-site computer
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Questionnaire Construction
• Open-ended
• Dichotomous
• Multiple-Choice
© Microsoft Power Point Clip Art
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Observation Methods
• Record individuals’ overt behavior
• Direct contact avoided
• Actions examined
• May be combined with interviews
• Can be biased- devices
• Descriptive
• Sample Observation Method
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Interpreting Research Findings
• Allow for continual evaluation
• Conclusion
– Display data in table format
– Cross-tabulate
• Statistical interpretation- analysis of what is typical or what deviates from the average
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Reporting Findings
• Clear, objective look
• Point out deficiencies
• Formal, written document
• Determine level of detail
• Summary/recommendations first© Microsoft Power Point Clip Art
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Technology And InformationGathering And Analysis
• Increasingly accessible
• Customer relationship management enhanced
• Permits internal research and quick information gathering
• Access array of valuable information sources
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Marketing Information Systems
• Marketing Information Systems (MIS) – framework for managing and structuring information gathered
from internal and external sources
• Databases – Single-source data provided by single marketing research firm
• Marketing Decision Support Systems (MDSS) – customized computer software that aids marketing managers in
decision making
• Internet and Online Information Services
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Resources ForMarketing Information
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Issues In Marketing Research
• Importance of ethical research- professional standards
• International issues- allow for regional differences
– Secondary to gain understanding of region
– Field research
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Top Marketing Research Firms