c h a p t e r marketing research 09 - bs210 - homebs210.wikispaces.com/file/view/chap009.pdf · 9-2...
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C H A P T E R
MARKETING RESEARCH 09
McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved.
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L E A R N I N G O B J E C T I V E S
Marketing Research
LO1 Identify the five steps in the marketing research process.
LO2 Summarize the differences between secondary data and primary data.
LO3 Describe the various internal and external secondary data sources.
LO4 Describe the various primary data collection techniques.
LO5 Examine the circumstances under which collecting information on consumers is ethical.
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Market Research Outcome
• What might have Chef Boyardee learned in research to design this product and this print ad?
Ad Courtesy of ConAgra Foods
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What Would You Do?
• He has just finished giving a successful presentation to a major client.
• The client has asked for a list of companies that participated in the study and copies of all the completed surveys.
Meet Aaron, a marketing researcher:
CASRO Website
Ryan McVay/Getty Images
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Step 1: Defining the Objectives and Research Needs
What information is needed to answer specific research
questions?
How should that information be
obtained?
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External Secondary Data Scanner Research
Information Resources, Inc.
AC Nielsen
What if I reduce my price by 10%?
IRI Website
Co
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Co
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External Secondary Data Panel Research
Group of consumers Survey or sales receipts
What are they buying
or not buying?
©BananaStock/PunchStock
Flying Colours Ltd/Getty Images
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How can a firm use exploratory research to uncover consumers’ attitudes toward their
product/service?
Using Exploratory Research
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Conclusive Research Methods
Can be either:
Descriptive Experimental
Steve Cole/Getty Images
Photodisc Collection/Getty Images
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Data Collection Techniques
Exploratory Methods
Observation Social Media In-depth interview
Focus group
TheIdeaGroup Commercial
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Describing the benefits
• How could Ziploc use exploratory research to design this ad?
SC Johnson Co
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Web Surveying
• Response rates are relatively high
• Respondents may lie less
• It is inexpensive
• Results are processed and received quickly
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How do firms successfully use web surveying?
Using Web Surveying
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Experimental Research
Focus Group by Microsoft for Vista
AP Photo/Mary Altaffer
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Check Yourself
1. What are the types of conclusive research?
2. What are the advantages and disadvantages of primary and secondary research?
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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
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Check Yourself
1. What are the steps in the marketing research process?
2. What is the difference between data and information?
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The Ethics of Using Customer Information
Strong ethical orientation
Adhere to ethical practices