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8 Primary Data and Secondary Data

The document outlines the fundamentals of research methodologies, emphasizing the distinction between primary and secondary data, along with their respective advantages and disadvantages. It also discusses the importance of quantitative and qualitative data, and provides insights into evaluating secondary data for business research purposes. Additionally, it highlights common research objectives and the role of internal and external data sources in the research process.

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0% found this document useful (0 votes)
9 views29 pages

8 Primary Data and Secondary Data

The document outlines the fundamentals of research methodologies, emphasizing the distinction between primary and secondary data, along with their respective advantages and disadvantages. It also discusses the importance of quantitative and qualitative data, and provides insights into evaluating secondary data for business research purposes. Additionally, it highlights common research objectives and the role of internal and external data sources in the research process.

Uploaded by

kananmeena1105
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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PRIMARY AND

SECONDARY DATA
1
Module Name: Research Methodologies
Module Leader: Dr Roshni Paul
Research Methodologies
A Demonstrate an understanding of research methodology and frameworks relevant to the
conduct of business research.

B Assess the suitability of research tools and techniques and the limitations of quantitative and
qualitative research

C Understand the use of research and its applications to business needs


D Interpret research reports and output derive insights from them

E Prepare a sample questionnaire, collect data and communicate the analysis via a research report

F Plan and coordinate work independently and in teams, to meet deadlines, delivery styles and
specified quality standards.

G Prepare a sample research proposal responsibly and with due consideration of various ethical
principles of research

LEARNING OUTCOMES
Research Methodologies 2
PRIMARY DATA
 Primary data is …
 information collected by a researcher to address a specific issue or problem. As it
has not yet been gathered or it may not be accessible, it is data that is unique,
first-hand and from an original data source.
 The data is collected by a researcher using a variety of techniques, such as
interviews, focus groups, surveys and observations.
 Example, a food manufacturing company was losing market share and wanted
to gain a better understanding of customers’ perceptions of their snack products
in the light of a cultural shift towards healthier foods. The researchers would have
the advantage of conducting interviews with customers using tailored questions,
designed specifically to elicit the required information to help them address the
business issue. However, this method of data collection may be considered quite
costly and time consuming compared to using information that is already in the
public domain.

Research Methodologies 3
SECONDARY DATA
 A secondary data source refers to a data source that is already in existence and
is being used either for a purpose for which it was not originally intended or by
someone other than the researcher who collected the original data (Salkind,
2010).
 Secondary data can be raw data or published summaries and you can tailor the
data according to your research needs. Examples include large databases of
surveys, censuses, and social and economic data that are too expensive or
unfeasible for an individual to collect.
 Other types of secondary data include organisational records and surveys (e.g.
employee surveys), market research data, or transcripts of interviews or focus
groups. Whether you are collecting data for your own project or compiling a
portfolio of evidence, secondary data serves as a time-efficient and easy to
obtain source of information.

Research Methodologies 4
QUANTITATIVE VS
QUALITATIVE DATA
 Qualitative data is data in the form of descriptive accounts of

observation or data which is classified in a way,

whereas

 Quantitative data is data that can be expressed numerically or classified

by some numerical value (Ghosh and Chopra, 2010).

Research Methodologies 5
SECONDARY DATA
Data gathered and recorded by someone else prior to and
for a purpose other than the current project
Is often:
 Historical
 Already assembled
 Needs no access to subjects
 Secondary data may be dated.

Research Methodologies 6
OBJECTIVES FOR
SECONDARY DATA STUDIES
 Fact Finding
 Model Building
 Data Based Marketing

Research Methodologies 7
ADVANTAGES OF
SECONDARY DATA
 Inexpensive
 Obtained Rapidly
 Information is not Otherwise Accessible

Research Methodologies 8
DISADVANTAGES OF
SECONDARY DATA
 Uncertain Accuracy
 Data Not Consistent with Needs
 Inappropriate Units of Measurement
 Time Period Inappropriate (Dated)

Research Methodologies 9
Evaluating Secondary Data

Does the data help to


answer questions
set out in the
problem definition?
Applicability
to project
objectives Does the data apply to
the time period of
interest?

Does the data apply to


the population of
interest?

Research Methodologies 10
Evaluating Secondary Data (continued)

Do the other terms


and variable
classifications
Applicability presented apply?
to project
objectives
Are the units of
measurement
comparable?

If possible, go to the
original source of the
Accuracy data?
of the data

Research Methodologies 11
Is the cost of data
acquisition worth it?

Accuracy Is there a possibility


of the data of bias?

Can the accuracy of


data collection be
verified?

Research Methodologies 12
COMMON RESEARCH
OBJECTIVES
FOR SECONDARY DATA
STUDIES Fact Finding - Identifying consumption patterns
- Tracking trends

Model building - Estimating market potential


- Forecasting sales
- Selecting trade areas and sites

Data Based Marketing - Development of Prospect Lists


- Enhancement of Customer Lists

Research Methodologies 13
FACT FINDING
 Identify consumer
behavior
 Trend analysis
 Environmental
scanning

Research Methodologies 14
MODEL BUILDING
 Market potential
 Forecasting sales
 Analysis of trade
areas

Research Methodologies 15
DATA BASED MARKETING
 Practice of maintaining a customer data base
 Names
 Addresses
 Past purchases
 Responses to past efforts
 Data from numerous sources

Research Methodologies 16
INTERNAL DATA
 Internal and proprietary data is more
descriptive
 Accounting information
 Sales information
 Backorders
 Customer complaints

Research Methodologies 17
DATA MINING

Research Methodologies 18
Traditional Distribution
Indirect Channel Using Intermediary

Information Producer
(Federal Government)

Library
(Storage of
government
documents
and books)

Research Methodologies Company User 19


Traditional Distribution
Direct Channel

Information Producer
(Federal Government)

Company User
Research Methodologies 20
Modern Distribution of Secondary Data
Collection
Information producer A Information producer B Information producer C
(Federal government- (Grocery store-retail (Audience research company-
census data) scanner data) viewing data)

Vendor/external
distributor
(Computerized database
integrating all three data
sources for any
geographic area)

Distribution

Information producer A
(Federal government-
Research Methodologies census data) 21
EXTERNAL DATA
 Created, recorded, or generated by an entity other than
the researcher’s organization
 Government
 Trade associations
 Newspapers and journals

Research Methodologies 22
EXTERNAL DATA
 Libraries
 The Internet
 Vendors
 Producers
 Books and periodicals

Research Methodologies 23
EXTERNAL DATA
 Government sources
 Media sources
 Commercial sources

Research Methodologies 24
GOVERNMENT SOURCES

Research Methodologies 25
COMMERCIAL SOURCES
 Attitude and public opinion research—syndicated services report the
findings of opinion polls
 Consumption and purchase behavior data
 Advertising research—readership and audience data

Research Methodologies 26
SINGLE SOURCE DATA
 Diverse types of data offered from a single source

- e.g., television viewing and scanner purchase data


- e.g., Prizim and ClusterPlus

Research Methodologies 27
GLOBAL SECONDARY DATA
 Typical limitations
 Additional pitfalls
 Unavailable
 Questionable accuracy
 Lack of standardized terminology

Research Methodologies 28
REFERENCES
 Bougie, R., & Sekaran, U. (2019). Research methods for business: A skill building

approach. John Wiley & Sons.

 Zikmund, W. G., Babin, B. J., Carr, J. C., Adhikari, A., & Griffin, M. (2013). Business

Research Methods A South-asian Perspective: Cengage Learning.

 Using data to aid organisational change. (n.d.). Open Learning.

https://www.open.edu/openlearn/money-business/using-data-aid-organisational-c
hange/content-section-4.1

Research Methodologies 29

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