2 - The Research Process
2 - The Research Process
2 - The Research Process
1. Customized
• Primary research is customized to your needs and is
flexible enough to leave out unwanted or useless
information.
• This is the best way to research a market sector that
is specific to you and your product.
2. Recent
• Since primary research involves the collection of new
information for a specific purpose, this data will be up-
to-date.
Advantages of Primary Market Research cont..
3. Accuracy
• Primary research is first-hand data that has not been
altered by someone else.
• The information gathered is a true reflection of the
market, and is a more accurate tool for gauging potential
customers’ needs or attitudes.
4. Better Data Interpretation
• Primary research data can be interpreted based on your
needs, whereas secondary data may have had a certain
spin placed on it.
• When you do your own research, you are in control of
the data interpretation.
Advantages of Primary Market Research cont..
5. Proprietary Information
• Information collected using primary market research
is yours, and is generally kept from your
competitors.
• This gives you an edge over competitors that rely
on secondary data, because you have the
advantage of better insight into the market.
Quantitative vs. Qualitative Research
Goals
Quantitative Qualitative
• Test hypothesis • Build theory
(theory) • Develop understanding
• Establish facts • Describe multiple
• Show relationships realities
• Predict • Capture naturally
• Statistically describe occurring behavior
Quantitative vs. Qualitative Research
Design
Quantitative Qualitative
• Structured • Evolving (emerging)
• Predetermined • Flexible
• Formal • Informal
• Specific • General
Quantitative vs. Qualitative Research
Sample
Quantitative Qualitative
• Large • Small
• Representative • Non-representative
• Random Selection • Purposeful
Quantitative vs. Qualitative Research
Data
Quantitative Qualitative
• Quantities • Verbal descriptions
• Counts • Field Notes
• Measures • Observations
• Instruments • Documents
• Numbers • Photographs
• Statistics • People’s own words
• Narrative
Quantitative vs. Qualitative Research
Methods
Quantitative Qualitative
• Experiments • Case studies
• Quasi-experiments • Ethnographies
• Correlation • Interview
• Surveys • Verbal Protocol
• Ex Post Facto Analysis
Quantitative vs. Qualitative Research
Mixed Methods
• Involve different combination of quantitative and
qualitative methods at the level of:
Data collection
Data analysis
Example: A combination of questionnaire and
interview.