Marketing Research by aE3740s

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									   Marketing Research


       Aaker, Kumar, Day
         Ninth Edition
Instructor’s Presentation Slides

                                                1

                           http://www.drvkumar.com/mr9/
                                  Chapter Two




           Marketing Research in Practice




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                        Marketing Research in Practice

            Programmatic Research
                          Develops market options through market
                           segmentation, market opportunity analysis, or
                           consumer attitude and product usage studies

            Selective Research
                          Tests different decision alternatives such as new
                           product concept testing, advertising copy testing,
                           pretest marketing, and test marketing

            Evaluative Research
                          Evaluation of performance of programs
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                                  Information System



           A continuing and interacting structure of people,
            equipment, and procedures, designed to gather,
            sort, analyze, evaluate, and distribute pertinent,
            timely, and accurate information to decision
            makers.




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                                  Databases

          Contain 3 types of information:

           Recurring day-to-day information
           Intelligence relevant to the future strategy of the business

           Research studies that are not of a recurring nature




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                     Decision Support Systems (DSS)

           DSS models are developed and adapted to support each
            firm’s own decision problems
           Used to retrieve data, transform it into usable information,
            and disseminate it to users

           Allow managers to interact directly with database

           Provides a modeling function to help interpret retrieved
               information




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                  Marketing Decision Support Systems


           Combines marketing data from diverse sources into a
            single database, enabling product managers, sales
            planners, market researchers, financial analysts, and
            production schedulers to share information




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                Marketing Decision Support Systems
                              (Cont.)
               Managers’ need for decision-relevant information:

             Routine comparisons of current performance against past
              trends on each of the key measures of effectiveness
             Periodic exception reports to assess which sales territories or
              accounts have not matched previous years’ purchases
             Special analyses to evaluate the sales impact of particular
              marketing programs, and to predict what would happen if
              changes were made




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                                  Characteristics of MDSS


           Interactive
           Flexible

           Discovery oriented

           User friendly




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                                  Components of MDSS

           Database
           Reports and Displays
           Analysis capabilities
           Models




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                                  Components of a MDSS

                                         Manager




                       Modeling                       Display




                        Analysis                      Database




                                        Environment
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          Comparison of Brand Performance with Industry Trend




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                         Gaining Insights from a MDSS

                 Regional Market Share Changes – Alpha and Beta




                                  Change in Beta’s




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               Gaining Insights from a MDSS ( cont.)


                     Regional Market Share Changes – Alpha and Delta




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           Participants in Marketing Research Activities

                                             Information Users

                                  • General management
                                  • Planning
                                  • Marketing and sales managers
                                  • Product managers
                                  • Lawyers


                      Information Suppliers:                       Information Suppliers:
                         Inside Company                              Outside Company

            • Marketing research department                • Research consultants
            • Sales analysis group                         • Marketing research suppliers
            • Accounting department                        • Advertising agencies
            • Corporate strategic planning
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                  Information Suppliers and Services




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                           Factors Influencing Choice of
                               Information Supplier

           Internal personnel may not have skills or experience
           Outside help may be called in to boost internal capacity in
            response to urgent deadlines
           It may be cheaper to go outside
           Outside suppliers may have special facilities or competencies
            which would be costly to duplicate for a single study
           Political considerations
           Increased credibility of research used in litigation or in
            proceedings before regulatory or legislative bodies




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                                         Growth in Research Spending in
                                                  United States

                            14.0%
                                                                   12.6%
                            12.0%                                             11.6%
                                                                10.3%
        Percentage Growth




                                                                           10.0%            10.1%                                              9.9%
                            10.0%    9.5%      9.2%                                                    9.0%
                                                                                          7.9%
                             8.0% 6.9%                                                                                                      7.2%
                                            6.4%
                             6.0%                        5.7%                                       5.6%                             5.6%
                                                                                                                 4.0%      3.5%
                             4.0%                                                                                                 3.3%
                                                      2.7%
                                                                                                                        1.9%
                             2.0%                                                                             1.2%

                             0.0%
                                    1994     1995       1996      1997        1998          1999      2000     2001       2002     2003       2004
                                                                                            Year

                            Source: Jack Honomichl, “Top 50 U.S. Market Research Firms,” Marketing News, June 15, 2005: H3



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                            Type and Nature of Services

            Customized Services
                   Work with individual clients
            Syndicated Services
                   Routinely collect information on several different issues
                    and provide it to firms that subscribe to their services
                    (e.g., Nielsen television index)
            Standardized Services
                   Projects conducted in standard, pre-specified manner
                    and supplied to several different clients. (e.g., Starch
                    readership survey)



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                 Type and Nature of Services (Cont.)

          Field Services
                  Suppliers concentrate only on collecting data for research
                   projects
          Selective Services
                  Specialize in just one or two aspects of marketing research,
                   mainly concerning data coding, data editing or data analysis
          Branded Products Services
                  Specialized data collection and analyses procedures to
                   address specific research problems that are marketed as
                   branded products




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         Criteria For Selecting External Suppliers

          Steps in deciding if supplier can deliver promised data, advice,
              or conclusions:
          1.       A thorough search for companies with an expertise in the area of
                   study
          2.       Selection of a small number of bidders on the basis of
                   recommendations of colleagues or others with similar needs
          3.       Personal interviews with potential project leaders, asking for
                   examples of previous work, their procedures for working with
                   clients, and ability to provide references
          4.       Check of the references of each potential supplier, with special
                   attention to comments on expertise, creativity, and the quality and
                   adequacy of resources available


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          International Market Research Industry

               Percentage of Worldwide Market Research Expenditure Per
               Country

                                  United States        29%
                                  Japan                4.1%
                                  Western Europe       41%
                                  Rest of World        25.9%




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        Career Opportunities in Marketing Research

          Marketing Research Analyst
          Marketing Information Manager
          Project Manager
          Director of Market Research
          Research Account Manager
          Research Analyst
          Methodologist




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