Embed
Email

Ch.3 - Marketing research

Document Sample

Shared by: gegeshandong
Categories
Tags
Stats
views:
0
posted:
10/27/2011
language:
English
pages:
6
HEIG-Résumé





CHAPTER 3 – MARKETING RESEARCH



How do managers develop marketing objectives ? How do they select a target market ?

 Managers have to get information. This is the fuel that runs the marketing engine.



Look at figure 3.1 p. 105 – We are now in the second section – Understanding Consumers’

Value Needs. For this, we have to conduct marketing research.



THE MARKETING INFORMATION SYSTEM



The MkIS is a process that first determines what information marketing managers need and

then gathers, sorts, analyses, stores and distributes relevant and timely marketing information

to system users.



The 3 components of the MkIS are:

 Four types of data (information) Internal company data, marketing intelligence,

marketing research and acquired databases

 Computer hardware and software  to analyze data and create reports

 Information and the decision makers who use it



Internal Company Data:

The internal company data uses information about the results of sales and marketing activities

(which customers buy which products, in what quantities, at what intervals, how many

products in stock, …).

With the MkIS is made available to managers, they can serve their customers better (price of

products, …).



Marketing managers can get daily or weekly sales data for a brand or product lines  Think

about MIS Portal in UBS which generates reports.



Marketing intelligence:

Firms have to know their marketing environment. The marketing intelligence system is a

method by which marketers get information about everyday happening in the marketing

environment. It includes in fact information about the environment where you can find in

everyday sources: newspapers, trade publications, web, TV, …

The marketing managers may use marketing intelligence to predict fluctuations in sales

due to economic conditions, political issues and special events. They have to predict

consumer’s trends.

Scenarios, future possible situations, are made.



Marketing research:

 Marketing research refers to the process of collecting, analyzing and interpreting

data about customers, competitors and the business environment to improve marketing

effectiveness.

Marketing research is used when unique information is needed for specific decisions.



 Syndicated research is collected by firm on a regular basis and then sold to other

firms. For ex. GfK (who does consumer panels) sold information to Nestlé about

consumer’s expectations ( = attentes)





1

HEG-Résumé







 Custom research is research conducted for a single firm to provide answers to

specific questions. E.g. Nestlé who does a survey.



Acquired databases:

These are external databases such as government database about economical trend, … .





MARKETING DECISION SUPPORT SYSTEM

The system generates regular reports for decision makers on what is going on in the internal

and external environment.



The problem is that different managers want different and specific information because MkIS

generates a report. So a marketing decision support system (MDSS) has been created.

Managers can access MkIS data and conduct their own analyses. They base on the company

intranet for instance.



A MDSS includes sophisticated statistical and modeling software tools. For instance, when a

manager wants to know how the client perceives the company’s brand and the competitor’s

brand, he can create a “perceptual map” / a graphic presentation.



Problem: as we explained, MkIS systems include a lot of information. These databases are

extremely large. To take advantage of the massive amount of data, data mining has been

created. This is a process in which analysts sift through date to identify unique patterns of

behavior among different customer groups (= c’est un processus dont les analystes grace aux

informations identifient les points uniques de comportement des clients parmis les different

groups.





DIFFERENCE BETWEEN MKIS – MDSS

MKIS MDSS

HAVE OUR SALES DECLINES SIMPLY

WHAT WERE OUR COMPANY SALES OF EACH REFLECTED CHANGES IN OVERALL

PRODUCT LAST YEAR ? INDUSTRY SALES OR IS IT AN INTERNAL

CAUSE ?

IF WE CHANGE OUR MEDIA SCHEDULE HY

WHAT ARE THE BEST MEDIA FOR REACHING

ADDING OR DELETING CERTAIN MEDIA

A LARGE PROPORTION OF HEAVY USERS OF

BUYING, WILL WE REACH FEWER USERS OF

OUR PRODUCT

OUR PRODUCT ?





LESS PERSONALIZED MORE PERSONALIZED







WHAT CAN YOU DO WITH DATA MINING ?



 Customer acquisition: here the company can for instance propose client cards. They

have to indicate their name, age, address, … the company know the consumption of

the client  then the company can really use these data  They know which type of

customer responds best to a specific offer and they can send the same offers to non-

customers



2

HEG-Résumé







 Customer retention and loyalty: the firm can identify big-spending customers and

send special offers!

 Customer abandonment (=abandon): strange !!! a firm wants sometimes customers

to take their business elsewhere because it costs too much for the company. For

example, hooligans who are not desired or a small client.

 Market basket analysis: promotional strategies bases on the records of which

customers have bought certain products. For example, Manor will send food

promotions for big clients who are buying a lot of food in Manor. Facebook will target

publicity according to our customs.



STEPS IN THE MARKETING RESEARCH PROCESS



The goal of a marketing research is to help managers make informed marketing decisions and

reduce risks of taking actions which could harm the business.



STEP 1 : DEFINE THE RESEARCH PROBLEM

First, it is important to clearly understand what information managers need. They are 3

components:

 Specifying the research objectives  What questions to answer ?

 Identifying the consumer population of interest  What are the characteristics of the

consumer groups of interest

 Environmental context  internal and external business environment might be

influencing the situation ?



But this is not really simple. For ex. a car manufacturer wants to find out why its sales gave

fallen off last year?  Is the right message being sent? Is the firm’s advertising failing to

reach the right consumers? …



STEP 2: DETERMINE THE RESEARCH DESIGN



When marketers have isolated specific problems, the second step is to decide on a plan of

attack – the research design- it specifies what information marketers will collect and what

type of study they will do.



 Secondary research: first of all, marketers should ask themselves is the information

required already exists. So the information are called secondary data. There are for

secondary research two sources: internal sources: company reports, salesperson

feedback, customer feedback, … and external sources: published research,

statistics, trade organizations, … The goal of the secondary research is to see if we

can find the information before doing researches (interviews, …).

 Primary research: primary data is information collected directly from respondents to

specifically address the question.





PRIMARY RESEARCH - EXPLORATORY (QUALITATIVE ) RESEARCH

Marketers use exploratory research to generate topics for the future to come up for new ideas

or get new opportunities. They studies are less costly!

Here researchers may interview consumers about products, services, ads or shops!

The results of this research are non-numeric results like consumer’s attitudes, feelings, … .







3

HEG-Résumé







The focus group plays a big role. A focus group consists of five to nine consumers that share

certain characteristics.



They can also use projective techniques: when marketers are not sure if people are

expressing their true reactions a projective test is done: the participant must respond to some

object by telling a story about it. --> True reactions can be found !



The case study is a comprehensive examination of a particular firm or organization. It is

often used in business-to-business marketing to learn how the company makes his purchases,

….



An ethnography is very special. Researchers visit people’s homes or participate in real life

consumer activities. For ex. a researcher follows a consumer for one month to know his

customs (= habitudes)



PRIMARY RESEARCH – DESCRIPTIVE (QUANTITATIVE ) RESEARCH

Then you have the descriptive (quantitative) research which probes systematically into the

marketing problem and bases its conclusions on a large sample of participants. Here it is

expressed in averages, percentages or other statistics measurements



Here you to choices to employ descriptive techniques:

1. A cross-sectional design  Questionnaire, …  it is a collection a collection of

responses from a survey. The date can be collected on more than one occasion but

with other types of respondents.

2. A longitudinal design the same responses of the same sample of respondents but

over time. It means a weekly or monthly questionnaire –> every month or week.



PRIMARY RESEARCH – CAUSAL RESEARCH

Descriptive research can only DESCRIBE a marketplace phenomenon but it cannot tell us

why. For example, does placing one product next to another in a shop mean that people will

buy more of each ?  Descriptive research can’t answer through simple observation.



Causal research attempts to understand cause-and-effect relationships. Marketers uses causal

research techniques to know if a change in something (for ex. place beer next to drinks) is

responsible for a change in something else (increasing sales).

So how do they do? Researchers must do experiments that test predicted relationships in a

controlled environment  Respondents are brought to a laboratory so that the researcher can

control precisely what respondent should see.  for ex. test about products who are projected.



STEP3: CHOOSE THE METHOD FOR COLLECTING PRIMARY DATA

Now the question is : Which way to choose to collect data ?



1. Survey methods: interview/direct contact with respondents

2. Questionnaires: evolutive questionnaire (may evolve from what the respondent says

to previous questions), questionnaire with fixed choices (strongly agree, disagree, …),

telephone interviews, mail questionnaires, face-to-face interviews, online

questionnaires, … .

3. Observational methods: recording the consumer’s behaviour without their

knowledge (facebook, client cards, …)  you can have unobtrusive measures. For

ex. a researcher might go to the house and perform a “pantry check” (= contrôle du





4

HEG-Résumé







garde-manger) and counts the bottles in the drinks cabinet !  mechanical

observation  method that relies on non-human devices (=procedés) to record

behaviour  for ex. a box on the TV that checks what you watch on TV.



DATA QUALITY : GARBAGE IN , GARBAGE OUT (= LA QUALITE DES RESULTATS ET

FONCTION DE LA QUALITES DES DONNEES A L ’ENTREE )



How much faith (=foi) should marketing managers place in what they find out from the

research? Because too often what the consumer says is not the truth. Three factors influence

the quality of research results:

1. Validity = validité = the customer is loyal

2. Reliabilty = fiability = you can get wrong because you ask questions that creates

errors by biasing people’s responses or people cannot understand well the questions.

3. Representativeness = resprésentativité = the sampling (= l’échantillon) represents

the larger group.



ONLINE SURVEYS – ADVANTAGES

 LESS COSTLY

 FASTER

 THE CONSUMER CAN DO THE SURVEY WHEN HE WANTS



STEP 4 – DESIGN THE SAMPLE

After having defined the problem, decided on a research design and determined how to collect

the data, the next step is to decide from whom to obtain the needed data. They are two main

types of samples:

1. PROBABILITY SAMPLING : in this sample, each member of the population has some

known chance of being included in the sample.

The most basic type of probability sample: SIMPLE RANDOM SAMPLING (in this

sample, each member of the population has the same chance of being included in the

study). SYSTEMATIC SAMPLING  échantillonnage systématique selon une règle telle

que avant que soient effectuées les mesures, il y a certitude pour certains éléments de

la population d’être choisis et pour d’autres d’être négligé  2ème, 4ème, 6ème, … .

STRATIFIED SAMPLING  the researcher divides the population into segments that

are related to the study’s topic. For ex. men like actions films, women like films with

flicks. The searcher will divide into male and female segments. Then respondent from

each of the two segments would be selected randomly in proportion to their

percentage of the population.

2. NON-PROBABILITY SAMPLING : when researchers don’t have time, effort and cost

required developing a probability sample, they choose this option. With this, some

members of the population have no chance of being included in the sample.

CONVENIENCE SAMPLE : individuals who just happen to be available when and where

the data are being collected. For ex. in a city, when you walk and a researcher is

asking you to fill in the questionnaire

QUOTA SAMPLING : it includes the same proportion of individuals with certain

characteristics as is found in the population. For ex. you are studying attitudes of

students in your university: you will find bachelor, master and PhD students  it is

like a stratified sampling except that this is less structured and the researcher uses his

own judgment to select respondent. He can say: “Oh, I will choose this one and this

one”.







5

HEG-Résumé







STEP 5 – COLLECT THE DATA

Then the interviews can be done ! But marketers have to be care of the fact that interviewers

do well their job to have the right answers.



STEP 6 – ANALYSE AND INTERPRET THE DATA

Then the researcher assembles the result in a cross-taulation  the date are examined by

subgroups such as male and female, children or parents, … . Then conclusions !



STEP 7 – PREPARE THE RESEARCH REPORT

Then a report has to be prepared. It has to tell clearly and concisely the readers what they need

to know in a way that they can understand. It should include:

- Executive summary

- Description of the methodology

- Tabulations, cross-tabulations

- Limitations of the study (no study is perfect)

- Conclusions and recommendations









6



Related docs
Other docs by gegeshandong
Mar - Mr Hanson
Views: 0  |  Downloads: 0
WhatDoYouMeanHighest.Price
Views: 0  |  Downloads: 0
core data
Views: 0  |  Downloads: 0
jan-18-2009b
Views: 0  |  Downloads: 0
Status - California State University
Views: 0  |  Downloads: 0
PHASE ONE
Views: 0  |  Downloads: 0
By registering with docstoc.com you agree to our
privacy policy

You are almost ready to download!

You are almost ready to download!