Marketing Research
Marketing Research
Marketing Research
METHOD: Experiments
Defilation*- A research design is a framework or blueprint for conducting the marketing
research project. It details the procedures necessary for obtaining the information needed to
structure or solve marketing research problems.
Table of Contents
The table of contents should list the topics covered and the appropriate page numbers.
In most
reports, only the major headings and subheadings are included. The table of contents is
followed
by a list of tables, list of graphs, list of appendices, and list of exhibits.
Executive Summary
The executive summary is an extremely important part of the report, because this is
often the only portion of the report that executives read. The summary should concisely
describe the problem, approach, and research design that was adopted. A summary
section should be devoted to the major results, conclusions, and recommendations. The
executive summary should be written after the rest of the report has been completed.
Problem Definition
This section of the report gives the background to the problem, highlights the
discussions with the decision makers and industry experts, and discusses the
secondary data analysis, the qualitative research that was conducted, and the factors
that were considered. Moreover, it should contain a clear statement of the management
decision problem and the marketing research problem (see Chapter 2).
Approach to the Problem
This section should discuss the broad approach that was adopted in addressing the
problem. This section should also contain a description of the theoretical foundations
that guided the research, any analytical models formulated, research questions,
hypotheses, and the factors that influenced the research design.
Research Design
The section on research design should specify the details of how the research was
conducted (see Chapters 3 to 13). This should include the nature of the research design
adopted, information needed, data collection from secondary and primary sources,
scaling techniques, questionnaire development and pretesting, sampling techniques,
and fieldwork. These topics should be presented in a nontechnical, easy-to-understand
manner. The technical details should be included in an appendix. This section of the
report should justify the specific methods selected.
Data Analysis
This section should describe the plan of data analysis and justify the data analysis
strategy and techniques used. The techniques used for analysis should be described in
simple, nontechnical terms.
Results
This section is normally the longest part of the report and may comprise several
chapters. Often, the results are presented not only at the aggregate level but also at the
subgroup (market segment, geographical area, etc.) level. The results should be
organized in a coherent and logical way. For example, in a health care marketing survey
of hospitals, the results were presented in four chapters. One chapter presented the
overall results, another examined the differences between geographical regions, a third
presented the differences between for-profit and nonprofit hospitals, and a fourth
presented the differences according to bed capacity. The presentation of the results
should be geared directly to the components of the marketing research problem and the
information needs that were identified. The details should be presented in tables and
graphs, with the main findings discussed in the text.
Limitations and Caveats
All marketing research projects have limitations caused by time, budget, and other
organizational constraints. Furthermore, the research design adopted may be limited in
terms of the various types of errors (see Chapter 3), and some of these may be serious
enough to warrant discussion. This section should be written with great care and a
balanced perspective. On one hand, the researcher must make sure that management
does not overly rely on the results or use them for unintended purposes, such as
projecting them to unintended populations. On the other hand, this section should not
erode their confidence in the research or unduly minimize its importance.
Conclusions and Recommendations
Presenting a mere summary of the statistical results is not enough. The researcher
should interpret the results in light of the problem being addressed to arrive at major
conclusions. Based on the results and conclusions, the researcher may make
recommendations to the decision makers. Sometimes marketing researchers are not
asked to make recommendations because they research only one area but do not
understand the bigger picture at the client firm. If recommendations are made, they
should be feasible, practical, actionable, and directly usable as inputs
into managerial decision making. The following example contains guidelines on
conclusions and recommendations.
Order
By order, we mean the relative sizes or positions of the descriptors. Order is denoted
by descriptors such as greater than, less than, and equal to.
Scaling involves creating a continuum upon which measured objects are located.
Consider an attitude scale from 1 to 100. Each respondent is assigned a number from
1 to 100, with 1 = Extremely Unfavorable, and 100 = Extremely Favorable.
Measurement is the actual assignment of a number from 1 to 100 to each respondent.
Scaling is the process of placing the respondents on a continuum with respect to their
attitude toward department stores.
Comparative scales involve the direct comparison of stimulus objects. Comparative
scale data must be interpreted in relative terms and have only ordinal or rank order
properties.
Market research is the process of determining the viability of a new service or product
through research conducted directly with potential customers. Market research allows a
company to discover the target market and get opinions and other feedback from
consumers about their interest in the product or service.
The marketing research process involves six steps: 1: problem definition, 2:
development of an approach to the problem, 3: research design formulation, 4: data
collection, 5: data preparation and analysis, and 6: report preparation and presentation.
The biggest advantage of using secondary data is economics. Someone else has
already collected the data, so the researcher does not have to devote money,
time, energy, and other resources to this phase of research.
Secondary data is the data that have been already collected by and readily
available from other sources. Such data are cheaper and more quickly obtainable
than the primary data and also may be available when primary data can not be
obtained at all.
Executive Summary
Background
Problem Definition/Objectives
of the Research
Approach to the Problem
Research
Qualitative ResearchDesign
describes an event in its natural setting.12 It is a subjective way
to look at life as it is lived and an attempt to explain the studied behavior.13
Fieldwork/Data Collection
Rather than design an experiment and artificially control the variables, qualitative
researchers use anthropological and ethnographic methods to study the participants. As
Data
little intrusionAnalysis
as possible should occur in qualitative research and a researcher will
frequently observe the participants unnoticed.14
Reporting
Instead of providing a broad view of a phenomenon that can be generalized to the
Costsituationand Time
population, qualitative research seeks to explain a current situation and only describes
that for that group. Since only a current situation is observed, all qualitative
research is done in the field. A possible exception is the focus group, which is
Appendices
conducted with 3-10 persons and uses a script of questions. The moderator asks the
questions and the recorder records the responses. Although a focus group is conducted
in a controlled environment, the open ended questions and lack of rigid sample
selection make it seem more like a field exercise.15
The following are some examples for studies with exploratory research design in
business studies: A study into the role of social networking sites as an effective
marketing communication channel. An investigation into the ways of improvement of
quality of customer services within hospitality sector in London.