Mc g h g&l chap010

10-1© 2013 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.

C H A P T E R

Marketing Research

10

Copyright © 2014 by the McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin

10-2

L E A R N I N G O B J E C T I V E S

© 2014 by McGraw-Hill Education. This is proprietary material solely for authorized instructor use. Not authorized for sale or distribution in any manner. This document may not be copied, scanned, duplicated, forwarded, distributed, or posted on a website, in whole or part.

Identify the five steps in the marketing research process.

Describe the various secondary data sources.

Describe the various primary data collection techniques.

Summarize the differences between secondary data and primary data.

Examine the circumstances under which collecting information on consumers is ethical.

Marketing Research

LO1

LO2

LO3

LO4

LO5


The Marketing Research Process

Defining the objectives and research needs

Designing the research

Data collection process

Analyzing data and developing insights

Action plan and implementation


Step 1: Defining Objectives and Research Needs

What information is

needed to answer specific

research questions?

How should that

information be obtained?


Step 2: Designing the Research

Type of data Type of research


Step 3: Data Collection Process

Secondary data Primary data


Converting data into information to explain, predict and/or evaluate a particular situation.

Step 4: Analyzing Data and Developing Insights

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Step 5: Action Plan and Implementation

Executive Summary

Body

Conclusions

Limitations

Supplements including tables, figures, appendices

Digital Vision/Getty Images


CHECK YOURSELF

1. What are the steps in the marketing research process?

2. What is the difference between data and information?


External Secondary Data

Syndicated Data

Scanner Research

Panel Research


Internal Secondary Data

Data Warehouse

Data Mining


CHECK YOURSELF

1. What is the difference between internal and external secondary research?


Qualitative versus QuantitativeData Collection Techniques

Datacollectionresearch

Qualitative research

Observation In-Depth interviews

Focus groups Social media

Quantitative research

Experiments Survey

Scanner Panel


CHECK YOURSELF

1. What are the types of qualitative research?


Advantages and Disadvantages of Secondary and Primary Data

Type Examples Advantages Disadvantages

Secondary Research

Primary Research

Census data Sales invoices Internet information Books Journal articles Syndicated data

Saves time in collecting data because they are readily available

Free or inexpensive (except for syndicated data)

May not be precisely relevant to information needs

Information may not be timely Sources may not be original,

and therefore usefulness is an issue

Methodologies for collecting data may not be appropriate

Data sources may be biased

Observed consumer behavior Focus group interviews Surveys Experiments

Specific to the immediate data needs and topic at hand Offers behavioral insights generally not available from secondary research

Costly Time consuming Requires more sophisticated training and experience to

design study and collect data


CHECK YOURSELF

1. What are the types of quantitative research?

2. What are the advantages and disadvantages of primary and secondary research?


The Ethics of Using Customer Information

Strong ethical orientation

Adhere to ethical practices


CHECK YOURSELF

1. Under what circumstances is it ethical to use consumer information in marketing research?

2. What challenges do technological advances pose for the ethics of marketing research?

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Data are raw numbers or other factual information that, on their own, have limited value to marketers.

Glossary

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Experimental research is a type of quantitative research that systematically manipulates one or more variables to determine which variables have a causal effect on another variable.

Glossary

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Marketing research consists of a set of techniques and principles for systematically collecting, recording, analyzing, and interpreting data that can aid decision makers involved in marketing goods, services, or ideas.

Glossary

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Panel research is a type of quantitative research that involves collecting information from a group of consumers (the panel) over time.

Glossary

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Scanner research is a type of quantitative research that uses data obtained from scanner readings of UPC codes at check-out counters.

Glossary

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A survey is a systematic means of collecting information from people that generally uses a questionnaire.

Glossary

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Syndicated data are data available for a fee from commercial research firms such as Information Resources Inc. (IRI), National Purchase Diary Panel, and ACNielsen.

Glossary

Mc g h g&l chap010

Marketing

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