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3 - 1
Chapter
Chapter
3
3
Marketing
Marketing
Research
Research
3 - 2
Key Learning Points
Key Learning Points
The scope of marketing research activities
The scope of marketing research activities
Where to find secondary sources of
Where to find secondary sources of
information
information
Primary sources of marketing research
Primary sources of marketing research
information
information
Developing estimates of market potential
Developing estimates of market potential
Developing sales forecasts
Developing sales forecasts
The impact of the Internet on marketing
The impact of the Internet on marketing
research
research
3 - 3
Marketing Research
Marketing Research
Three Major Functions of Research
Three Major Functions of Research
–
–
Scanning for opportunities and threats.
Scanning for opportunities and threats.
•
•
Markets, competitors, technology, and
Markets, competitors, technology, and
regulatory, economic, political, social, and
regulatory, economic, political, social, and
cultural environments
cultural environments
–
–
Risk assessment of future programs.
Risk assessment of future programs.
•
•
Current customers, competitors
Current customers, competitors
’
’
customers,
customers,
nonusers
nonusers
–
–
Monitoring of current programs.
Monitoring of current programs.
•
•
Performance evaluation of all segments
Performance evaluation of all segments
3 - 4
Figure 3-1:
Overview of the
Marketing Research Process
3 - 5
Product & Service
Product & Service
Decisions
Decisions
“
“
Secondary information sources
Secondary information sources
are those that already exist and
are those that already exist and
were not developed for the
were not developed for the
particular problem at hand.
particular problem at hand.
”
”
“
“
Primary information sources are
Primary information sources are
those that are generated for the
those that are generated for the
particular problem being studied.
particular problem being studied.
”
”
3 - 5
- Russell S. Winer
3 - 6
Product & Service
Product & Service
Decisions
Decisions
Key Decisions
Key Decisions
The Research Process
The Research Process
Data Sources
Data Sources
Secondary
Secondary
–
–
Internal
Internal
–
–
External
External
Primary
Primary
–
–
Informal
Informal
–
–
Qualitative
Qualitative
Observations
Observations
3 - 6
Surveys
Surveys
–
–
Personal
Personal
–
–
Phone
Phone
–
–
Mail
Mail
–
–
Internet
Internet
Models and
Models and
Simulations
Simulations
Panels
Panels
–
–
Continuous
Continuous
reporting
reporting
–
–
Special
Special
purpose
purpose
–
–
Scanner
Scanner
Experiments
Experiments
3 - 7
The Research Process
The Research Process
Internal Secondary Data Sources
Internal Secondary Data Sources
–
–
Internal sources of information
Internal sources of information
exist within the organization.
exist within the organization.
•
•
Past marketing plans
Past marketing plans
•
•
Sales call reports
Sales call reports
•
•
Transaction information
Transaction information
•
•
Reverse engineering or
Reverse engineering or
benchmarking reports
benchmarking reports
•
•
Web site visitation information
Web site visitation information
3 - 8
The Research Process
The Research Process
Internal Secondary Data Sources
Internal Secondary Data Sources
–
–
Intranets share information in
Intranets share information in
multinational organizations
multinational organizations
–
–
Key problem with internal
Key problem with internal
information is obtaining
information is obtaining
information in a usable format
information in a usable format
–
–
Territorialism can be a problem
Territorialism can be a problem
when other departments are
when other departments are
unwilling to share information
unwilling to share information
3 - 9
The Research Process
The Research Process
External Secondary Data Sources
External Secondary Data Sources
–
–
Trade associations
Trade associations
–
–
General business publications (e.g.
General business publications (e.g.
Wall
Wall
Street Journal
Street Journal
)
)
–
–
Trade publications (e.g.
Trade publications (e.g.
Adweek
Adweek
)
)
–
–
Academic publications (e.g.
Academic publications (e.g.
Journal of
Journal of
Advertising
Advertising
)
)
–
–
Corporate reports
Corporate reports
–
–
Government publications and census
Government publications and census
3 - 10
Not all information posted
Not all information posted
to the web is equally
to the web is equally
reliable. What factors
reliable. What factors
would you consider in
would you consider in
evaluating the
evaluating the
quality
quality
of
of
the secondary data?
the secondary data?
Discussion Question
Visiting Yahoo! and
Visiting Yahoo! and
searching on the topic of
searching on the topic of
your choice will yield
your choice will yield
thousands of
thousands of
“
“
hits.
hits.
”
”
Click the graphic above to link to Yahoo!
Click the graphic above to link to Yahoo!
[...]... 24 The Research Process Primary Data Source: Models and Simulations – Developed to simulate a particular marketing problem – Regression is typically used to estimate the mathematical relationships between two controllable marketing variables 3 - 25 The Research Process Global Considerations in Marketing Research – The complexity of the research design is enhanced; global research requires more time... Decisions responses who are enlisted to give to questions or to provide data repeatedly over a period of time The main benefit of a panel is the ability to observe changes in behavior caused by changes in marketing variables or other factors in the marketplace.” - Russell S Winer 3 - 22 The Research Process Primary Data Source: Panels – Provide both cross-sectional and time-series data – Several problems... comparability and equivalence – Coordination of research and data collection across countries needs to be standardized, adding cost and time to research process – Intrafunctional aspect of international marketing decision-making 3 - 26 Product & Service Potential: “The maximum sales Decisions reasonably attainable under a given set of conditions within a specified period of time.” Forecast: “The amount... trends, and economic factors that affect product sales Sales forecasts are essential for production planning & inventory control Scenario planning forecasts alternative outcomes based on changes in key marketing input variables 3 - 31 Market Potential and Sales Forecasting Forecasting Judgment methods Counting methods Time-series methods Association – causal methods Judgment methods rely on pure opinion . 3 - 1
Chapter
Chapter
3
3
Marketing
Marketing
Research
Research
3 - 2
Key Learning Points
Key Learning Points
The scope of marketing research. forecasts
The impact of the Internet on marketing
The impact of the Internet on marketing
research
research
3 - 3
Marketing Research
Marketing Research
Three