Download presentation
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
10
Uncertainty Influences the Type of Research
CAUSAL OR DESCRIPTIVE COMPLETELY CERTAIN ABSOLUTE AMBIGUITY EXPLORATORY
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
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
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)
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.