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Developing a Global Vision through Marketing Research

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Presentation on theme: "Developing a Global Vision through Marketing Research"— Presentation transcript:

1 Developing a Global Vision through Marketing Research
Chapter 8

2 International Marketing Research
What is marketing research? Why is it important? International element

3 Marketing Research Overview
Three kinds of information General info Environmental information to forecast future buying Marketing mix in specific market

4 Marketing Research Process
Define the Problem & Establish Research Objectives Determine the Sources of Information to Fulfill Objectives Consider the Costs & Benefits of Research Effort Gather Relevant Primary or Secondary Data Analyze, Interpret, and Summarize the Results Effectively Communicate the Results to Decision-Makers

5 Define Problem & Objectives
Unfamiliarity with environment Need more information

6 Secondary Data Availability Reliability Comparability
Validating the Information

7 Primary Data Quantitative v. Qualitative Problems
Hard to explain usefulness Willingness to respond Sampling in field surveys Language and comprehension Back translation Parallel translation Decentering

8 Other Research Multicultural Research Internet Research
Online surveys & buying panels Online focus groups Web site tracking Advertising measurement Customer ID systems marketing lists Embedded research

9 Estimating Market Demand
Two Approaches Expert opinion Analogy

10 Interpreting the Data Recognize Limitations
Multicultural Marketing Researchers must exhibit: Cultural understanding Adaptation ability Skepticism of data

11 Responsibility for Conducting Research
Decentralization Communication channels within company


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