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Marketing Research Lecture No. 02 Topics: Chapter # 01

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1 Marketing Research Lecture No. 02 Topics: Chapter # 01
Naresh K. Malhotra 3rd Edition Lecture No. 02 Topics: Marketing Research Suppliers & Services Careers in Marketing Research Marketing Research Process Prof. Basharat Naeem Lecturer – Institute of Business Administration University of the Punjab Mobile: 0323 – Prepared By: Basharat Naeem, Lecturer at IBA (PU)

2 Marketing Research Suppliers & Services
Marketing research suppliers and services provides most of the information needed for making marketing decision. Research Suppliers Internal External Full Service Limited Service Syndicated Services Field Services Standardized Services Coding & Data Entry Customized Services Analytical Services Internet Services Data Analysis Services Branded Product & Services Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

3 Prepared by: Basharat Naeem, Lecturer at IBA (PU)
Internal Suppliers Internal Suppliers is a marketing research department within the firm like P & G, Ford, General Motors, Coca Cola, Colgate etc. Its structure may be vary considerably: One extreme this function may be centralized and located in head office, and 2nd is a decentralized structure in which the marketing research function is organized along divisional scale. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

4 Prepared by: Basharat Naeem, Lecturer at IBA (PU)
External Suppliers External Suppliers are outside firms hired to supply marketing research services. These suppliers collectively comprise the marketing research industry range from small, one or a few persons, to operations to very large global competitors. External suppliers can be classified into two aspects as: Full – Service & Limited – Service Suppliers. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

5 External Suppliers – Full Services Suppliers
Full – Service Suppliers offer the entire range of marketing research services Problem Definition Developing an Approach Questionnaire Design Sampling Data Collection Data Analysis Interpretations Report Preparation and Presentation. The services provided by these suppliers can be further broken down into: Syndicated Services Standardized Services Customized Services & Internet Services. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

6 Types of Full Services Suppliers
Syndicated Services collect information which is then provided to subscribers. Surveys diary panels scanners & audits are the mean by which theses data are collected. For example the Stanford Research Institute, conducts an annual surveys of consumers that is used to classify persons into homogenous groups for segmentation purposes. Standardized Services are research studies conducted for different client firms but in a standard way. For example, procedures for measuring advertising effectiveness have been standardized so that the results can be compared across studies and evaluating norms can be established. Gallup Survey is the most widely used services for evaluating print advertisement. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

7 Types of Full Services Suppliers: (cont.)
Customized Services offer a wide variety of marketing research services customized to suit a client’s specific needs. Each marketing research project is treated uniquely. Some marketing research firms that offer these services include Bruke, Inc., Marketing Facts, Inc., and Elrick & Lavidge. Internet Services are offered by the several marketing research firms including some who have specialized in conducting marketing research on the internet. For example, Greenfield Online Research Center Inc. offers a broad range of customized qualitative and quantities online marketing research for consumer, business-to-business, and professional markets. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

8 External Suppliers – Limited Services Suppliers
Limited – Services Suppliers specialize in one or a few phases of marketing research project. The services provided by these suppliers can be further broken down into: Field Services Coding & Data Entry Services Data Analysis Analytical Services & Branded Products & Services. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

9 Types of Limited Services Suppliers
Field Services collect data through mail, personal or telephone interviewing; and the firms that specialize in interviewing are called field service organization. Some firms that offer field services are Field Facts, Inc., Field Work Chicago, Inc. and Quality Control Services. Coding & Data Entry Services include editing questionnaires, developing a coding scheme and transcribing the data on to diskettes or magnetic tapes for input into computers. NRC Data Systems provides such services. Analytical Services include designing and pretesting questionnaires, determining the best means of collecting data, designing sampling plans, and other aspects of the research design. Analytical techniques like Conjoint Analysis and Multidimensional Scaling expertise can be obtained from firms and consultants specializing in analytical services. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

10 Types of Limited Services Suppliers: (cont.)
Data Analysis Services are offered by firms also known as tab houses, that specialize in computer analysis of quantities data such as those obtained in large surveys. Initially most data analysis firms two or more variable simultaneously. Now SDR, Inc. is among those companies which are using advance statistical techniques for data analysis. Branded Marketing Research Products and services specialized data collection and analysis procedures developed to address specific types of marketing research problems. Magic Wand by DigiData Entry System is an example of a branded product that transcribed data from printed questionnaires into a computer readable format. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

11 Careers in Marketing Research:
Promising career opportunities are available with marketing research firms. Equally appealing are careers in business & non – business firms and agencies with in-house marketing research departments like: P & G Coca-Cola Advertising Agencies Positions available in marketing research include: Vice President of Marketing Research Research Director Assistant Director Project Manager Field Work Director Senior Analyst Operational Supervisor etc. Entry Level Positions for BBA degree holders are: Operational Supervisors Assistant Project Manager Research Analyst Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

12 Careers in Marketing Research: (cont.)
To prepare for a career in marketing research the students should: Take all the marketing courses you can Take courses in statistics and quantitative methods Acquire Internet and computer skills Knowledge of programming languages is an added assets. Take courses in psychology and consumer behavior Acquire effective written and verbal communication skills Think creatively. Creativity and common sense command a premium in marketing research. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

13 Marketing Research Process
The six steps of marketing research process are as follows: Step 1: Problem Definition Step 2: Development of an Approach to the Problem Step 3: Research Design Formulation Step 4: Field Work or Data Collection Step 5: Data Preparation & Analysis Step 6: Report Preparation and Presentation Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

14 Marketing Research Process: (cont.)
Step 1 – Problem Definition: To define the problem In defining the problem the research should take into account Purpose of the study The relevant background information What information is needed How it will be used in decision making. Problem definition involves discussion with: The decision makers Interviews of Industry Experts Analysis of secondary data & Qualitative research such as Focus Group. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

15 Marketing Research Process: (cont.)
Step 2 – Development of an Approach to the Problem: Development of an approach to the problem includes Formulating an objective Theoretical framework Analytical Models Research Questions Hypothesis & Identifying Characteristics that influence the research design This process is guided by discussion with: Management Industry Experts Case Studies & Simulations Analysis of Secondary Data Qualitative Research & Pragmatic Considerations Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

16 Marketing Research Process: (cont.)
Step 3 – Research Design Formulation: A research design is a framework or blueprint for conducting the marketing research project. Conducting exploratory research precisely defining the variables & designing appropriate scales to measure them are also a part of research design. The issue of how the data should be obtained from the respondents must be addressed. It’s necessary to design a questionnaire & a sampling plan. Formulating the research design involves the following steps: Secondary Data Analysis Qualitative Research Methods of Collecting Quantitative Data Measurement & Scaling Procedures Questionnaire Design Sampling Process & Sample Size Plan of Data Analysis Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

17 Marketing Research Process: (cont.)
Step 4 – Field Work \ Data Collection: It involves a field force or staff that operated either in the field of Personal Interviewing (in-home, mall intercept) From an Office by Telephone (Computer-Assisted Telephone Interviewing) Through Mail (Traditionally mail & mail panel surveys) & Electronically ( or Internet) To minimize data – collection errors following techniques can be used: Proper Selection Training Supervision & Evaluation of the Field Force Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

18 Marketing Research Process: (cont.)
Step 5 – Data Preparation & Analysis: Data Preparation includes: Editing Coding Transcription & Verification of Data Number or letter codes are assigned to represent each response to each question in the questionnaire. Verification ensured that the data have been accurately transcribed from original questionnaire. Univariate techniques are used for analyzing data when there is a single measurement . Multivariate techniques are used for analyzing data hwn there are two or more measurement. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)

19 Marketing Research Process: (cont.)
Step 6 – Report Preparation & Presentation: Project should be documented in a written report which addresses The specific research questions indentified Describes the Approach The Research Design Data Collection Procedure adopt for data analysis Results presentation & Major Findings Findings should be presented in a comprehensible format that can be readily used in decision making process. In addition oral presentation should be made to management using tables, figures and graphs to enhance clarity and impact.. Prepared by: Basharat Naeem, Lecturer at IBA (PU) Prepared By: Basharat Naeem, Lecturer at IBA (PU)


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