1. Introduction to Marketing Research
Afjal Hossain, Assistant Professor

2. Definition of Marketing Research
Marketing research is the systematic and objective
identification
collection
analysis
dissemination
and use of information
for the purpose of improving decision making related to the
identification and
solution of problems and opportunities in marketing.

3. The Dept. Store Project The following information was solicited:
1. Familiarity with the ten department stores.
2. Frequency with which household members shopped at each of the ten stores.
3. Relative importance attached to each of the eight factors of the choice criteria.
4. Evaluation of the ten stores on each of the eight factors of the choice criteria.
5. Preference ratings for each store.
6. Rankings of the ten stores (from most preferred to least preferred).
7. Degree of agreement with 21 lifestyle statements.
8. Standard demographic characteristics (age, education, etc.)
9. Name, address, and telephone number.

4. What is the purpose of Marketing Research?
To link the consumer to the marketer by providing information that can be used in making marketing decisions

5. Purpose of Marketing Research
How marketing research can help
Gain a more detailed understanding of consumer needs
Reduce risk of product / business failure
Help anticipate / forecast future market trends
Businesses need accurate & up-to-date information because the business world is always changing around them
Changes in technology
Changes in customer tastes
Changes in competitor products
Changes in economic conditions

6. Uses of Marketing Research
About the market
Market potential for new products | Forecasting future demand | Competitor behaviour and performance | Market shares
About products
Likely customer response to new products | Comparison of existing products in the market (features, costs etc) | Forecasting new uses for existing products | New product development
About promotion
Effectiveness of advertising | Effectiveness of direct marketing and/or the sales force | Competitor promotional strategies
About distribution
Use and effectiveness of each distribution channel | Opportunities to sell direct | Cost of transport & warehousing products
About pricing
What happens to demand following changes in price | Analysis of impact of changes in price on costs and profits | Customer perceptions of pricing

7. Redefining Marketing Research
The function which links the consumer, the customer, and public to the marketer through INFORMATION
Afjal Hossain, Assistant Professor

8. Redefining Marketing Research
Used to identify and define market opportunities and problems
Information
Generate, refine, and evaluate marketing performance
Monitor marketing performance
Improve understanding of marketing as a process

9. Classification of Marketing Research
Problem Identification Research
Research undertaken to help identify problems which are not necessarily apparent on the surface and yet exist or are likely to arise in the future. Examples: market potential, market share, image, market characteristics, sales analysis, forecasting, and trends research.
Problem Solving Research
Research undertaken to help solve specific marketing problems. Examples: segmentation, product, pricing, promotion, and distribution research.

10. A Classification of Marketing Research
Fig 1.1
Marketing Research
Problem
Identification Research
Problem Solving Research
Market Potential Research
Market Share Research
Market Characteristics Research
Sales Analysis Research
Forecasting Research
Business Trends Research
Segmentation Research
Product Research
Promotion Research
Distribution Research

11. Problem Solving Research
Table 1.1
Determine the basis of segmentation
Establish market potential and responsiveness for various segments
Select target markets
Create lifestyle profiles: demography, media, and product image characteristics
SEGMENTATION RESEARCH
Test concept
Determine optimal product design
Package tests
Product modification
Brand positioning and repositioning
Test marketing
Control score tests
PRODUCT RESEARCH

12. Problem Solving Research
Table 1.1 cont.
PROMOTIONAL RESEARCH
Optimal promotional budget
Sales promotion relationship
Optimal promotional mix
Copy decisions
Media decisions
Creative advertising testing
Evaluation of advertising effectiveness
Claim substantiation
0.00%
APR
PRICING RESEARCH
Pricing policies
Importance of price in brand selection
Product line pricing
Price elasticity of demand
Initiating and responding to price changes
$ALE

13. Problem Solving Research
Table 1.1 cont.
DISTRIBUTION RESEARCH
Determine…
Types of distribution
Attitudes of channel members
Intensity of wholesale & resale coverage
Channel margins
Location of retail and wholesale outlets

14. The Role of Marketing Research
Fig 1.2
Customer Groups
Employees
Shareholders
Suppliers
Consumers
Uncontrollable
Environmental
Factors
Economy
Technology
Laws & Regulations
Social & Cultural Factors
Political Factors
Controllable
Marketing
Product
Pricing
Promotion
Distribution
Variables
Marketing
Research
Marketing
Decision
Making
Providing
Information
Assessing
Needs
Marketing Managers
Market Segmentation
Performance & Control
Target Market Selection
Marketing Programs

15. Marketing Research Process
Step 1: Problem Definition
Step 2: Development of an Approach to the Problem
Step 3: Research Design Formulation
Step 4: Fieldwork or Data Collection
Step 5: Data Preparation and Analysis
Step 6: Report Preparation and Presentation

16. Marketing Research Process
Problem Definition
Important to understand and define the problem
Research plan should aim to be cost-effective
How to collect information
Choose between primary and secondary sources
Use appropriate research tools and methods
Research needs to be published
Development of an approach
Research Design Formulation
Field work/ Data Collection
Data Preparation & Analysis
Report Preparation & Presentation

17. Marketing Research Process (Continue----)
Step 01: Problem Definition
Here at first, The purpose of the study & the relevant background information is determined
Then how it will be used in decision making also focused

18. Marketing Research Process (Continue-)
Step 02: Development of an approach to the problem
Here formulating-
an objective or theoretical framework
analytical models
research questions
hypotheses and
identifying the information needed are described.

19. Marketing Research Process (Continue----)
Step 03: Research Design Formulation
A research design is a framework or blueprint for conducting the marketing research project. In details the procedures necessary for-
obtaining the required information and
its purpose is to design a study that will test the hypotheses of interest
determine possible answers to the research questions and
provide the information needed for decision making.

20. Marketing Research Process (Continue-)
A systematic procedure for research design involves:
Definition of the information needed
Secondary data analysis
Qualitative research
Methods of collecting quantitative data
Measurement & Scaling procedures
Questionnaire design
Sampling process & Sample size
Plan of data analysis

21. Marketing Research Process (Continue-)
Step 04: Fieldwork or Data Collection
Data collection involves a field force or staff that operates either in-
The field by personal interviewing
An office by telephone
Through mail
Or electrically.

22. Marketing Research Process (Continue--)
Step 05: Data Preparation and Analysis
Data preparation includes editing, coding, transcription & verification of data.
Step 06: Report Preparation & Presentation
Major findings and results are presented here. The findings may be presented in a comprehensible format so that management can readily use them in the decision making process. In addition, an oral presentation can be made to management using tables, figures and graphs to enhance clarity.