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Market Research in Sports/Entertainment
Unit 3 SEM
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Opening Question What topics do market researchers focus on when doing research in sports and entertainment?
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Marketing Research Gather, disseminated information regarding marketing problems Process Define problem Analyze situation Process for data collection Collect data Analyze findings Solution Implement/check for success
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Data Primary Secondary Collecting data for specific research problems
Preexisting data Data gathered from another source
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Collecting Data Primary Data—Sample size Secondary Data collections
Finding the correct amount people to represent the population Sample must represent demographics of population Secondary Data collections Research companies Nielsen
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Sophisticated Research
Growth of Market Research industry has lead to developments in research techniques Data Mining Using computers to “dig up” data Nielson is a data source that using mining for clients Using “cookies” to data mine Used to collect data on online consumers—tracks behaviors Ratings
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Ethical Issues Consumer Privacy Unethical practices Cookies
Federal Trade Commission Must protect privacy of business and consumer Illegal to disguise market research as a sales tactic Reporting truthful findings
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Work Session Nielsen Activity Braves Stadium Activity
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