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Marketing Research.

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Presentation on theme: "Marketing Research."— Presentation transcript:

1 Marketing Research

2 Why Research? Useful in all aspects of marketing Strategic Planning
Product development Target market selection Positioning Competition Advertising/Promotion Measurement

3 Domino’s Fast Cheap Pizza Enter Papa John’s Domino’s Research finds
No research on quality of product; relied on speed Enter Papa John’s “Better ingredients, better pizza” Fast pizza available everywhere Domino’s Research finds Tasteless crust, boring sauce, low quality toppings Result: Domino’s revamped its product and turned the research into a campaign Also helped to add products

4 Two types of Research Secondary Research
Data previously collected for other purposes Cheaper than Primary Research May not be appropriate Internal or external Free or paid Sources: Internet or Marketing research Aggregators Nielsen eMarketer Forrester Simmons Social Media

5 Two Types of Research Primary Research
Data collected to address specific needs Takes more time Costly

6 Research Steps Identify the problem/opportunity
Define the objectives of the research Plan the research design What type of research instrument will you use? Gather secondary data too Data collection Analyze the data Look for insights too Prepare and present the Report

7 2. Plan the Research Design
Research Methods Survey In home Mall Intercept Telephone Mail Scanner/Panel Experiments Focus Groups Interviews Observation Conclusive or Quantitative Research Exploratory or Qualitative Research

8 2. Plan the Research Design
Questions Open-ended? Closed-Ended Scaled questions? Make sure questions are not… Leading Double barreled Too Sensitive One sided

9 Once you have data Analyze based on your research question
Statistical software Crunch numbers Look for what the data tells you Prepare and present report Take action!


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