Market Research - MBA Lecture Notes Presentation - 1
Market Research - MBA Lecture Notes Presentation - 1
Market Research - MBA Lecture Notes Presentation - 1
Research
Part I
Necessary, accurate, reliable, up-to-date information
Marketing
manager
(decision maker)
Research Predictive
The specification of how to use descriptive
and diagnostic information to predict the
results of a planned marketing decision
forecast the demand for a product that will
more specifically meet the demands of its
most important constituency, females
Assoc. Prof. Dr. Tuğba Tuğrul
What is Marketing Research?
Assoc. Prof. Dr. Tuğba Tuğrul
Marketing Research is the systematic and objective identification,
collection, analysis and dissemination and use of information for the
purpose of assisting management in decision making related to the
identification and solution of problems in marketing
Choice of method of
research Marketing Research Process
Advertising
research
Marketing research (eg., advertising effectiveness,
distribution channel partner relations, competitive
Sales
research
strategies). Covers all 4P measures to identify and
understand consumer preferences.
Pricing
research Which one is a branch of the other one?
Distribution
channel research
Assoc. Prof. Dr. Tuğba Tuğrul
Marketing Research versus Marketing Information
Systems
Marketing
Information
System Sources
Marketing
Internal Sources External Sources
Research
Marketing Information System is a system that
analyzes and assesses marketing information,
Market
research gathered continuously from sources inside and
outside an organization.
Advertising
research
Timely marketing information provides basis for
decisions such as product development or
Sales
research improvement, pricing,
Pricing
No need for problem identification and solution
research
Distribution
channel research
Assoc. Prof. Dr. Tuğba Tuğrul
Marketing Research versus Marketing Information
Systems
Marketing
Information
System Sources
Marketing
Internal Sources External Sources
Research
Market
research
Pricing
research
Distribution
channel research
Assoc. Prof. Dr. Tuğba Tuğrul
Types of Marketing Research
BASIC RESEARCH
APPLIED RESEARCH
Expands the frontiers of
knowledge Research aimed at
solving a specific,
For example, to validate pragmatic problem
an existing theory or
learn more about a For example, to
concept or phenomenon determine changes in
the market or to better
understand results of a
decision
Methods: Experiments
Qualitative Research
1. Focus group
2. In-depth interview
3. Projective techniques
Quantitative Research
1. Survey
2. Observation
3. Experiment
Assoc. Prof. Dr. Tuğba Tuğrul
Types of Marketing Research
Marketing
Research Data
Data collection techniques
Secondary
Primary Data
Data
Qualitative
Qualitative Quantitative
Quantitative
Descriptive Causal
Observational Experimental
Survey data
and other data data
Selection of the
sampling procedure
Collecting and
analyzing the data
2-9
Marketing Research Process
Identification of
the problem and
statement of PROBLEM: Our product’s market share is decreasing. We
research
objectives think that this is happening because our customers want the
latest technology products. Thus, we want to develop a new
product, and want to know what should be the features of this
Creation of the
research design product?
Collecting and
analyzing the data
Creation of the Manager: Our customers prefer new technologies and our products technology
research design is relatively old
Manager : No but they generally say that the quality level is getting lower
Collecting and
analyzing the data
Selection of the
sampling procedure
Collecting and
analyzing the data
Selection of the
sampling procedure
Data
Sources
Collecting and
analyzing the data
Secondary
Primary Data
Data
Assoc. Prof. Dr. Tuğba Tuğrul
Marketing Research Process
Identification of
the problem and
statement of
research
objectives
Internal Sources External Sources
Creation of the
research design
• annual reports, • federal, state, and local
• reports to stockholders, departments and agencies
product testing results, • trade and industry
• house periodicals associations
Choice of method of
research • customer reviews and • business periodicals and
feedbacks other news media
• previous marketing research • academic and other
reports companies’ research results
Selection of the
sampling procedure
Information developed from Information developed from
data within the organization data ouside the organization
Collecting and
analyzing the data
Secondary Data Sources
Assoc. Prof. Dr. Tuğba Tuğrul
Marketing Research Process
Identification of
the problem and
statement of
research
objectives
Creation of the
research design
Advantages of
Choice of method of
research
Secondary Data
Selection of the
sampling procedure
Collecting and
analyzing the data
Creation of the
research design
Disadvantages
Choice of method of
research
of Secondary
Selection of the
sampling procedure Data
Collecting and
analyzing the data
• Lack of Relevance
Choice of method of • Data might be outdated
research (e.g., store location-population size)
• Insufficiency
Selection of the
sampling procedure • Not enough information exists
(e.g., store location-population size-income levels)