Presentation is loading. Please wait.

Presentation is loading. Please wait.

Types of Marketing Research

Similar presentations


Presentation on theme: "Types of Marketing Research"— Presentation transcript:

1 Types of Marketing Research
Dr. Michael R. Hyman, NMSU

2 Marketing Research Types
Basic research Applied research

3 Basic Research Attempts to expand the limits of knowledge
Not directly involved in the solution to a pragmatic problem

4 Basic Research Methods
Surveys Experiments Secondary data Observation

5 Basic Research Example
Do consumers experience cognitive dissonance in low-involvement situations?

6 Applied Research Conducted when a decision must be made about a specific real-life problem

7 Applied Research Example
Should McDonalds add Italian pasta dinners to its menu? Marketing research told McDonald’s it should not? Should Procter & Gamble add a high-priced home teeth bleaching kit to its product line? Research showed Crest Whitestrips would sell well at a retail price of $44

8 Types of Research Exploratory Descriptive Causal

9

10 Uncertainty Influences the Type of Research
CAUSAL OR DESCRIPTIVE COMPLETELY CERTAIN ABSOLUTE AMBIGUITY EXPLORATORY

11

12 Degree of Problem Definition
Exploratory Research Descriptive Research Causal Research (Unaware of Problem) (Aware of Problem) (Problem Clearly Defined) “Our sales are declining and “What kind of people are buying “Will buyers purchase more of we don’t know why.” our product? Who buys our our products in a new package? competitor’s product?” “Would people be interested “Which of two advertising in our new product idea?” “What features do buyers prefer campaigns is more effective?” in our product?” possible situation

13

14 Exploratory Research

15 Exploratory Research Techniques: Two Examples
Secondary data (historical data) Previously collected Census of population Literature survey Pilot study A number of diverse techniques

16 Exploratory Research Initial research conducted to clarify and define the nature of a problem Does not provide conclusive evidence Subsequent research expected

17 Descriptive Research Describes characteristics of a population or phenomenon Some understanding of the nature of the problem

18 Descriptive Research Example
Weight Watchers average customer Woman about 40 years old Household income of about $50,000 At least some college education Trying to juggle children and a job

19 Descriptive Research Example
Men’s fragrance market 1/3 size of women’s fragrance market But growing at a faster pace Women buy 80 % of men’s fragrances

20 Causal Research Conducted to identify cause and effect relationships

21 Identifying Causality
A causal relationship is impossible to prove. Evidence of causality: The appropriate causal order of events Concomitant variation--two phenomena vary together An absence of alternative plausible explanations

22

23

24 Research-Directed Marketing: Minimizing Risk, Maximizing Profits
Source: AMA Best Practice Webcasts Sponsored by:  Vividence Webcast Date: July 22, 2004 Time: 55 minutes Presenter: Dr. Bonny Brown, Director of Research, Vividence Corporation Click here for free webcast (you’ll need to register on the AMA site; introduces many topics covered in this course)


Download ppt "Types of Marketing Research"

Similar presentations


Ads by Google