Problem Recognition Problem Structuring Research Design Data Collection (Surveys, Requirements Elicitation, experiments, focus groups etc.) Data Analysis,

Slides:



Advertisements
Similar presentations
Marketing Research and Information Systems
Advertisements

SEM II : Marketing Research
Chapter Four Managing Marketing Information. Roadmap: Previewing the Concepts Copyright 2007, Prentice Hall, Inc Explain the importance of information.
Agenda Secondary Data Qualitative Research Primary vs. Secondary
I need help! Applications in Business and Economics Data Data Sources Descriptive Statistics Statistical Inference Computers & Statistical Analysis.
© 2004 Prentice-Hall, Inc.Chap 1-1 Basic Business Statistics (9 th Edition) Chapter 1 Introduction and Data Collection.
Learning Goals Explain the importance of information to the company
ISYS3015 Analytical Methods for Information systems professionals Week 2 Lecture 2: Problem Recognition.
Beginning the Research Design
CHAPTER 6 SECONDARY DATA SOURCES. Important Topics of This Chapter Success of secondary data. To understand how to create an internal database. To distinguish.
12-1 MM2711 Introduction to Marketing Marketing Research Week 12.
School of Information Technologies Faculty of Science, College of Sciences and Technology The University of Sydney ISYS3015 Analytical Methods for IS Professionals.
Chapter Three Research Design.
Chapter 29 conducting marketing research Section 29.1
David Kilgour Statistics David Kilgour Statistics.
Knowledge is Power Marketing Information System (MIS) determines what information managers need and then gathers, sorts, analyzes, stores, and distributes.
Foundations of Chapter M A R K E T I N G Copyright © 2003 by Nelson, a division of Thomson Canada Limited. Obtaining Data for Marketing Decisions 7.
Exploring Marketing Research William G. Zikmund
MGT-491 QUANTITATIVE ANALYSIS AND RESEARCH FOR MANAGEMENT OSMAN BIN SAIF Session 14.
Secondary Data MKTG 3342 Fall 2008 Professor Edward Fox.
Chapter 33 Conducting Marketing Research. The Marketing Research Process 1. Define the Problem 2. Obtaining Data 3. Analyze Data 4. Rec. Solutions 5.
4.04 Understand marketing- research activities to show command of their nature and scope.
RESEARCH A systematic quest for undiscovered truth A way of thinking
1 1 Slide © 2008 Thomson South-Western. All Rights Reserved Slides by JOHN LOUCKS St. Edward’s University.
Chapter 1 Introduction and Data Collection
Slide 1 D2.TCS.CL5.04. Subject Elements This unit comprises five Elements: 1.Define the need for tourism product research 2.Develop the research to be.
Copyright © 2007 Pearson Education Canada 3-1 Marketing Research Marketing research serves many roles. It can: 1.Link companies with customers via information.
Managing Marketing Information Chapter Learning Goals 1.Explain the importance of information to the company 2.Define the marketing information.
Copyright 2007, Prentice Hall, Inc. 1 1 Principles of Marketing Fall Term MKTG 220 Fall Term MKTG 220 Dr. Abdullah Sultan Dr. Abdullah Sultan.
4.06 Acquire foundational knowledge of marketing-information management to understand its nature and scope.
SEM II : Marketing Research
Chapter foundations of Chapter M A R K E T I N G Obtaining Data for Marketing Decisions 7.
HOW TO WRITE RESEARCH PROPOSAL BY DR. NIK MAHERAN NIK MUHAMMAD.
Chapter 8 Improving Decisions with Marketing Information.
Chapter 1 Data and Statistics Applications in Business and Economics Data Data Sources Descriptive Statistics Statistical Inference.
Basic Business Statistics
Managing Marketing Information to Gain Customer Insights
Statistics for Managers Using Microsoft Excel, 4e © 2004 Prentice-Hall, Inc. Chap 1-1 Statistics for Managers Using Microsoft ® Excel 4 th Edition Chapter.
Standard 3 - Marketing Information Management What you’ll learn: Describe the need for Marketing Information Understand marketing-research activities Understand.
Chapter 8 Marketing Research and Information System.
1 1 Slide Chapter 1 Data and Statistics n Applications in Business and Economics n Data n Data Sources n Descriptive Statistics n Statistical Inference.
Market Research & Product Management.
10-1 CHAPTER MARKETING RESEARCH LEARNING OBJECTIVES Identify the five steps in the marketing research process. Describe the various secondary.
4. Marketing research After carefully studying this chapter, you should be able to: Define marketing research; Identify and explain the major forms of.
 The goal of a market analysis is to determine the attractiveness of a market and to understand its evolving opportunities and threats as they related.
3-1 Copyright © 2010 Pearson Education, Inc. Chapter Three Research Design.
Fashion MARKETING TID1131. Market Research Understanding Secondary & Primary research Understanding Quantitative & Qualitative research.
Basic Business Statistics, 8e © 2002 Prentice-Hall, Inc. Chap 1-1 Inferential Statistics for Forecasting Dr. Ghada Abo-zaid Inferential Statistics for.
1 1 Slide Slides Prepared by JOHN S. LOUCKS St. Edward’s University © 2002 South-Western /Thomson Learning.
What is Research?. Intro.  Research- “Any honest attempt to study a problem systematically or to add to man’s knowledge of a problem may be regarded.
Managing Marketing Information 4 Principles of Marketing.
SEM II : Marketing Research 1.06 Collect secondary marketing data to ensure accuracy and adequacy of information for decision making.
© 2004 McGraw-Hill Companies, Inc., McGraw-Hill RyersonSlide 8-2 TURNING MARKETING INFORMATION INTO ACTION C HAPTER.
‘Information is the competitive advantage that drives success…just so long as the information is appropriate and adequate and we know how to use that information!
Chapter 29 Conducting Market Research. Objectives  Explain the steps in designing and conducting market research  Compare primary and secondary data.
1 1 Principles of Marketing Spring Term MKTG 220 Spring Term MKTG 220 Dr. Abdullah Sultan Dr. Abdullah Sultan.
Overview Introduction to marketing research Research design Data collection Data analysis Reporting results.
Quantitative Methods for Business Studies
Marketing Research.
Learning Goals Explain the importance of information to the company
Managing Marketing Information
Chapter 4 Marketing Research
Market Research.
Business Research Methods William G. Zikmund
Chapter 4 Marketing Research
Marketing Research and Information Systems
Market Research.
Secondary Data Data gathered and recorded by someone else prior to and for a purpose other than the current project Is often:
Managing Marketing Information
Chapter 1 Data and Statistics
Presentation transcript:

Problem Recognition Problem Structuring Research Design Data Collection (Surveys, Requirements Elicitation, experiments, focus groups etc.) Data Analysis, generating, interpreting results (PILOT STUDY followed the FULL SCALE study) Writing up results and recommendations Implementation The Research Process

Problem Recognition/Selecting the Research Topic Personal Interest Suggested by Research/Practitioner Literature Emergence of a new technology Perceptions of discrepancy between desired and actual state Management Directives and Policies Social Concerns/Popular Issues

Conceptual Framewrok Identify Key Concepts Define the Key Concepts Operationalise the Concepts Explore systematic relationship between the concepts.

Specific Research Questions Main Considerations: -Specificity and answerability– can the questions be answered through research? -Scale and Scope in relation to needs, available resources. -Resource Adequacy in Relation to available time.

Research Strategy and Design Data gathering methods - Type of method to be used. - Type of data to be gathered. - Pilot Study Data analysis methods Budget and timetable Reporting the results

Employee Self-Service (ESS) Module of PeopleSoft ERP system (Univ. of Sydney) System Development and Testing completed. Need to decide on university-wide roll out and a strategy doing this.

Reducing Cycle Time for New Product Development at Bosch Average cycle time for new product development/product redesign was 18 months – need to compress it to 9-12 months

3G Wireless Applications for the Univ. of Sydney 3G wireless technology emerging as the foundation for mobile applications in a range of domains. The Major Projects Group at the university wants to: -Make an assessment of the feasibility and viability of the technology and the applications it can offer -Identify potential applications that the uni might benefit from. -Develop business cases for these applications

Decision Support System application for Johnson & Johnson Need to decide on how much to spend on a variety of special promotions at large retail outlets of J&J such as Woolworths, Coles. Prefer a system solution to the problem.

Primary Data Data gathered and assembled for the specific research project at hand. Primary data gathered through observations, focus groups, experiments, field studies etc. Format could be numeric, text, image, video, sound recordings. Source may be internal or external to an organisation.

Secondary Data Secondary data are data collected and assembled for a purpose other than the project at hand, but may be useful for the project. Source may be internal or external to an organisation. Typical sources include: Australian Bureau of Statistics, Australian Stock Exchange, Reserve Bank of Australia, OECD, UN, National Archives, AC Nielsen (UPC scanner data), Austrade etc.

Primary Data Research Methods for collecting Primary Data Exploratory: Focus Groups, Pilot Studies. Sample surveys Experimental studies

Definitions Respondent: the person who answers an interviewer’s questions or the person who provides answers to written/printed questions in self-administered surveys. Sample survey: indicates that the purpose of contacting the respondents is to obtain a representative sample of a target population;method of data collection based on responses from a representative sample of individuals from a population of interest.

Types of Errors in Survey Data Random Sampling Error Systematic Error (Bias) – arising from some imperfect aspect of the research design or errors in the execution of the research.

Systematic Error Non-response error Self-selection bias Response Bias - Deliberate Falsification - Unconscious Misrepresentation - Acquiescence Bias - Interviewer Bias - Social Desirability Bias

Types of surveys Cross sectional Longitudinal

Advantages of Secondary Data In some situations, useful for clarification and to define a research problem more sharply – exploratory research Lower cost of research Time saving- data readily available Disadvantages: Data may be outdated Units of analysis and measures may not be appropriate. Difficulties in combining multiple sec. Data sources Lack of information to verify the accuracy of data.

Uses of Secondary Data Fact finding Trends in the economy, markets etc. Exploratory analyses Building and testing analytical (mathematical, econometric, forecasting etc.) models

Types of Secondary Data Internal – generated by the organisation’s accounting systems External, Proprietary – commercial organisations like IDC, Dow Jones, Standard and Poors etc. routinely gather data which can be purchased. Other external – Government and other public agencies

Types of measurement scales Nominal data: are measurements that simply classify the units being measured ( of a sample or the population) into categories. Eg. Gender in census data, post code of residential units, political party affiliation of individuals, industrial classification code of businesses.

Types of measurement scales (contd.) Ordinal data are measures that enable the units to be ordered (ranked) with respect to the variable of interest; no indication of how much. Eg. A wine taster’s ranking of 10 wines Ranking of candidates from a job interview

Types of measurement scales (contd.) Interval Data: Measurements that enable the determination of how much (greater or lesser) the characteristic being measured is possessed by the unit than another; Interval scale subsumes ordinal scale but it also tells us how far apart the units are with respect to the characteristic (or attribute) of interest. Always numerical but there is no knowledge of a zero point (origin) on the measurement continuum.

Interval Scale Examples: -Measurement of temperatures (in celsius) at which sample of 30 pieces of heat- resistant plastic begins to melt. - Scores of high school students in a standardised test

Ratio Scale Ratio scale data are data are measurements that enable the determination of how many times the attribute or characteristic being measured is possessed by the unit: Eg. Sales revenues of 50 firms, bonus payments to managers, unemployment rates for the past 60 months etc. Always numerical and the zero point is defined.