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McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved.

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Presentation on theme: "McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved."— Presentation transcript:

1 McGraw-Hill/Irwin Copyright © 2009 by The McGraw-Hill Companies, Inc. All Rights Reserved.

2 Identify the reason for conducting marketing research.
LEARNING OBJECTIVES (LO) After reading Chapter 8, you should be able to: LO1 Identify the reason for conducting marketing research. Describe the five-step marketing research approach that leads to marketing actions. LO2 LO3 Explain how secondary and primary data are used in marketing. 1-2 Marketing Research

3 LEARNING OBJECTIVES (LO) After reading Chapter 8, you should be able to:
Discuss the uses of observations, questionnaires, panels, and experiments. Explain how information technology and data mining link massive amounts of marketing information to meaningful marketing actions. LO5 1-3 From Customer Insights to Actions

4 Understanding Beer Drinkers Better
Singha Understanding Beer Drinkers Better How Singha recaptured beer market dominance with market research 1-4 Opening Story – Singha Beer

5 What is Marketing Research?
Roles & Reasons What is Marketing Research? Why is Good Marketing Research Difficult, Especially with Kids? Who holds the purchasing power decisions for children’s products? Five-Step Marketing Research Approach to Making Better Decisions LO1 1-5 Reasons for Marketing Research

6 FIGURE 8-1 Five-step marketing research approach leading to marketing actions
LO2 1-6 The Five Step Marketing Research Approach

7 Step 1: Problem Definition Setting Research Objectives
Exploratory Research Descriptive Research Causal Research LO2 1-7 The Five Step Marketing Research Approach

8 Step 1: Problem Definition Setting Research Objectives
Measures of Success Measure of Success: Brand Attitude Possible Marketing Actions Higher brand attitude scores with local “What Time Is It?” advertising theme Continue with the local “What Time Is It?” advertising theme Higher brand attitude scores with the global “Tiger: Unravel the Secret” advertising theme. Adopt the new global “Tiger: Unravel the Secret” advertising theme LO2 1-8 The Five Step Marketing Research Approach

9 Step 1: Problem Definition Setting Research Objectives
Measure of Success: Brand Attitude Possible Marketing Actions Fischer-Price leveraged superior marketing research to develop its highly successful chatter telephone. Scan the link to find out more. Higher brand attitude scores with local “What Time Is It?” advertising theme Continue with the local “What Time Is It?” advertising theme Higher brand attitude scores with the global “Tiger: Unravel the Secret” advertising theme. Adopt the new global “Tiger: Unravel the Secret” advertising theme LO2 1-9 The Five Step Marketing Research Approach

10 Step 2: Research Plan Development
Planning Stage Specify Constraints Identify Data Needed for Marketing Actions LO2 1-10 The Five Step Marketing Research Approach

11 Step 2: Research Plan Development
How to collect data? Concepts New-Product Concept Methods Sampling Probability Sampling Nonprobability Sampling Statistical Inference LO2 1-11 The Five Step Marketing Research Approach

12 Step 3: Info/Data Collection
Secondary Data Primary Data LO3 1-12 The Five Step Marketing Research Approach (ii): Primary & Secondary Data

13 FIGURE 8-2 Types of marketing information
LO3 1-13 The Five Step Marketing Research Approach (ii): Primary & Secondary Data

14 Step 3: Info/Data Collection Secondary Data (Internal)
Sales Breakdowns Customer Inquiries/ Complaints LO3 1-14 8-14 The Five Step Marketing Research Approach (ii): Primary & Secondary Data

15 Step 3: Info/Data Collection Secondary Data (External)
Census Bureau Trade Associations Business Periodicals Syndicated Services Scanner Data LO3 1-15 The Five Step Marketing Research Approach (ii): Primary & Secondary Data

16 Useful Internet Databases for Marketers
Going Online Online Databases LexisNexis ProQuest Statistical & Financial Data The Wall Street Journal Bloomberg Investor’s Business Daily FISonline Portals & Search Engines ASEAN Secretariat Google LO3 1-16 The Five Step Marketing Research Approach (ii): Primary & Secondary Data

17 Step 3: Info/Data Collection
Advantages/Disadvantages of Secondary Data Advantages Time Savings Inexpensive Disadvantages Out of Date Definitions/Categories Not Right Not Specific Enough LO3 1-17 The Five Step Marketing Research Approach (ii): Primary & Secondary Data

18 Step 3: Info/Data Collection Primary Data (Observing Behaviour)
Mechanical Observation Observational Data Ever wonder about how companies like A.C. Nielsen track viewing figures? Find out about Nielsen’s special remote with ‘personal viewing button’! LO4 1-18 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

19 FIGURE 8-4 Nielsen Television Index Ranking Report for network primetime-TV for the week of May 16-22, 2011 Ratings are important KPI for TV networks and may determine whether a show gets recommissioned / cancelled, and the cost of airing ads during the show. LO4 1-19 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

20 How do you do marketing research for teenagers?
Teenage Research Unlimited has teenagers complete a drawing / questions about themselves. What inferences can you draw from this drawing? LO4 1-20 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

21 Step 3: Info/Data Collection Primary Data (Observing Behaviour)
Personal Observation Mystery Shopper Videotaping Hotels famously have mystery shoppers/tourists To find out how people actually use toothbrushes, companies have studied tapes of people brushing their teeth in the morning Ethnographic Research LO4 1-21 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

22 Step 3: Info/Data Collection Primary Data (Questioning Consumers)
Questionnaire Data Idea Generation Methods Individual Interviews Depth Interviews LO4 1-22 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

23 Step 3: Info/Data Collection Primary Data (Questioning Consumers)
Idea Generation Methods Focus Groups “Fuzzy Front End” LO4 1-23 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

24 Step 3: Info/Data Collection Primary Data (Questioning Consumers)
Idea Evaluation Methods Telephone Surveys Personal Interview Surveys Mail/Fax Surveys / Internet Surveys Mall Intercept Interview Surveys LO4 1-24 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

25 Step 3: Info/Data Collection Primary Data (Question Formats)
Open-Ended Questions Closed-End or Fixed Alternative Questions Dichotomous Questions Semantic Differential Questions Likert Scale Questions LO4 1-25 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

26 FIGURE 8-4 Typical problems in wording questions
LO4 1-26 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

27 FIGURE 8-5A Different types of questions featured in a sample Wendy’s survey (Q1-Q5)
LO4 1-27 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

28 FIGURE 8-5A (Q1) Sample Wendy’s survey: Open-ended question
LO4 8-28 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

29 FIGURE 8-5A (Q2) Sample Wendy’s survey: Dichotomous question
LO4 8-29 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

30 FIGURE 8-5A (Q3) Sample Wendy’s survey: Multiple choice question
LO4 8-30 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

31 FIGURE 8-5A (Q4) Sample Wendy’s survey: Attitudinal question
LO4 8-31 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

32 FIGURE 8-5A (Q5) Sample Wendy’s survey: Semantic differential scale question
LO4 8-32 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

33 FIGURE 8-5A Different types of questions featured in a sample Wendy’s survey (Q6-Q9)
LO4 1-33 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

34 FIGURE 8-5B (Q6) Sample Wendy’s survey: Likert scale question
LO4 8-34 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

35 FIGURE 8-5B (Q7) Sample Wendy’s survey: Media behavior question
LO4 8-35 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

36 FIGURE 8-5B (Q8) Sample Wendy’s survey: Usage behavior question
LO4 8-36 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

37 FIGURE 8-5B (Q9) Sample Wendy’s survey: Demographic questions
LO4 8-37 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

38 Step 3: Info/Data Collection Primary Data (Panels & Experiment)
Experiments Independent Variable: The Cause Dependent Variable: The Result Test Markets LO4 1-38 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

39 Step 3: Info/Data Collection Advantages & Disadvantages Primary Data
More Specific to the Problem Disadvantages Expensive Time Consuming to Collect LO4 1-39 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

40 Using Marketing Dashboards Making Sense of Consumer Data
Are the Carmex Social Media Programs working well LO4 1-40 Gathering Primary Data: Observations, Questionnaires , Panels & Experiments

41 Step 3: Info/Data Collection
Using Info Technology to Trigger Marketing Actions The Marketing Manager’s View of Sales Drivers Controllable Marketing Mix Factors Uncontrollable Environmental Forces Need to Distinguish Between: Data (Facts & Figures) Information (Interpreted Data that Leads to Marketing Actions) LO5 1-41 Utilizing Information & Data to make Marketing Actions

42 Step 3: Info/Data Collection
Using Info Technology to Trigger Marketing Actions Key Elements of an Information System Information Technology Data Warehouse Sensitivity Analysis LO5 1-42 Utilizing Information & Data to make Marketing Actions

43 FIGURE 8-6 How researchers use information technology to turn data into action
1-43 Utilizing Information & Data to make Marketing Actions

44 Step 3: Info/Data Collection
Using Info Technology to Trigger Marketing Actions Data Mining: A New Approach to Searching the Data Ocean Data Mining RFID Technology LO5 1-44 Utilizing Information & Data to make Marketing Actions

45 Step 4: Developing Findings Making Sense and Use of the Data
Analyze the Data How are Sales? What Factors Contribute to Sales Trends? Present the Findings LO5 1-45 Utilizing Information & Data to make Marketing Actions

46 FIGURE 8-7 Marketing dashboards that present findings to Tony’s marketing manager that leads to recommendations and actions LO5 1-46 Utilizing Information & Data to make Marketing Actions

47 FIGURE 8-9A Findings presented to Tony’s marketing manager
LO5 8-47 Utilizing Information & Data to make Marketing Actions

48 FIGURE 8-9B Findings presented to Tony’s marketing manager
LO5 8-48 Utilizing Information & Data to make Marketing Actions

49 FIGURE 8-9C Findings presented to Tony’s marketing manager
LO5 8-49 Utilizing Information & Data to make Marketing Actions

50 FIGURE 8-9D Findings presented to Tony’s marketing manager
LO5 8-50 Utilizing Information & Data to make Marketing Actions

51 Step 5: Taking Marketing Actions 5 Step Marketing Approach
Make Action Recommendations Implement the Action Recommendations Evaluate the Results Evaluate the Decision Itself Evaluate the Decision Process Used LO5 1-51 Utilizing Information & Data to make Marketing Actions


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