SlideShare ist ein Scribd-Unternehmen logo
1 von 12
Downloaden Sie, um offline zu lesen
BE231 - Business Research Methods

Abdul Malik Omar(1104810), Liam Hayes, Alex Innes, Gizem Erol(1103259), Jannicke
Wærdahl Elverhaug, Tochukwu C. Ihenacho, and Sandra Ewurum.
Overview
In what way marketing of products/services of firms in the health and
fitness industry is important in influencing consumers to buy
products/services?
- Content divided into two section: Research Methods and Core Research

- Research Methods

•
•
•

Literature Review
Research Analysis Pt. 1
Research Analysis Pt. 2

- Core Research

•
•
•
•

Health and Fitness Market
Product - Maximuscle
Marketing Strategies

Branding

- Limitations
- Conclusion
Literature Review
‘Examining a body of literature toward the answer to a research question’

1) Establish the research focus and what the research question is asking us. (What is the problem?" and "Why
do I care?")
2)

Identify where to search ( Secondary research is relation to maximuscle)

3)

The approach in which we conduct the research (Induction, Deduction or Abduction)

4)

Determine relevant literature ( The Purpose ‘why did we do it’)

5)

Research choice ( how did we collect the research and why )

6)

Analyse ( Key Finding)

7)

Use literature to answer the Research Question
Research design Part 1
1) What is the research onion and why is it important?

It's a diagram that's made up of concentric circles or "layers"
like the skin on an onion. The most important
information/material is in the innermost circle.

Research
design

2) What are the layers?
Philosophies
Approaches
Strategies
Choices
Time horizon
Techniques and procedures

•
•
•
•
•
•

3) How have we utilise it?

Original source: Saunders, Lewis & Thornhill (2007). Research Method in Business, 4th edition. Pearson Education.

•
•

Guideline
Right components for forming a methodology
Research design part 2
1) What was the chosen Philosophical positioning?
Positivism entails absolute certainty and Objectivism on building cases
logically to prove our conclusion and perceived truth.
2) What was the chosen approach?Deductive. It confirms our hypothesis
and proceeds to validate the established norm on the basis of the theory
guiding the collection of Data.
Research
design

5) What is our research design?

3) What type of Research methodology and strategies do we adopt?
Secondary research; through online case studies(TV commercial),
product reviews and surveys(Nerdwallet.com) and polls(Gallup Poll).
4)Research choices?
Mixed method: Collection of qualitative and quantitative data.

Cross-sectional.

6) What Research methodology did this paper adopt?Systematic research which involves a positivist and structured approach in
defining, describing, and analyzing our question. (Maylor and Blackmon, 2005)
Health and Fitness Market
Definition: Refers to quality living through gym exercise, consumption of the right supplements, and getting the right product.
The 2013 State of the UK Fitness Industry Report(published on 31st March 2013)

2011

2012

Total industry value

£3.806

£3.86bn (1.4% up)

Percentage of the registered members in the health and fitness club in UK

11.9%

12.1%

Public and private fitness facilities opened

149

163

Economic reasons
• The Gallup Poll surveyed 109,875 full time employees on those two factors and concluded that unhealthy employees

could cost businesses $153 billion lost productivity every year (Witters and Agrawal, 2011).
• Medical bills is the number one cause for bankruptcies. 57,1% comes from medical bills according to NerdWallet

Health(LaMontagne, C, 2013). People are now taking their health more seriously.
•

Result GSK posted a profit of £26,4Bn in 2012 (Annual Report, 2012: 1) One of their brands we’ll look is
Maximuscle.
Product(Maximuscle)
•

Britain's No.1 whey protein for packing on lean muscle size and strength, containing protein blend for
superior uptake and absorption by the body.

•

We relate Maximuscle to the health and fitness industry as way to gauge consumer behaviour and marketing
correlations.

•

According to consumer reviews in Amazon.co.uk and their website, they had a high above average positive
five star reviews on Maximuscle Promax 908 g Strawberry Whey Protein Shake Powder and its general
products respectively.

•

Ranked #1 in Amazon Protein Supplement section with eighty-five 5 stars review, it also has an average of
4.5/5 stars and 1,646 reviews as advertized on google of their website at www.maxishop.com/Maximuscle‎
Marketing Strategies
TV Commercials
•

Commercials in Sky Sport, ESPN, Olympics 2012.(Thomas, 2010)

Celebrity endorsements
•

Use celebrity endorsement namely Ugo Monye, a famous rugby player to attract
more customers.(Thomas, 2010)

Internet Marketing
•

MyThings software. Gained 362% in internet conversion rates.
(Econsultancy.com, 2010)

Result - Group product line sales grew by 21% by 2012 then on(Annual Report, 2012:
59).
Branding
• That brand identities are directly linked with consumer identities, therefore
it is vital for the marketing of brands to be focused on the consumer and how
they can emotionally engage with product or service.
• GlaxoSmithKline had the task of creating a strong relationship with the
spectators to be representative of a 'pure and true' Olympics, (Joseph, 2012)
• Launched an anti- doping campaign.
•

campaign enabled consumers to build trust within GSK and gave
reassurance to the consumers of their products that they are indeed a
trustable organisation.
Limitations
Limited Information
•

Health and Fitness Market- Industry data is in summary form and is attained in the internet, and thus we could
not delve deeper into it. Plus the official data would cost us £310.00 +VAT which we can’t afford.

•

Product- The Amazon review which we use was quite limited in information not only does it focus in positive
results but does show what customers actually say. The Maximuscle website is subject to bias and marketing
‘propaganda’.

•

Could not conduct primary research as the time frame to perform the research was limited.

Lacking in detailed quantitative research.
•

Marketing strategies- There is no specific evidence that celebrity endorsements in TV commercials produce an
exact amount of sales. Hard to quantify.

•

Branding- The article does not present solid proof such as statistical figures. Consequently, there is no specific
evidence on the campaign impact on consumer behaviour.
Conclusion
•
•
•

Utilised as a systematic review to locate necessary literature as well as secondary research.
Therefore we can confirm that there is a direct correlation in the way marketing increases sales in
the health and fitness industry via a systematic study of the industry product (MaxiMuscle),
marketing strategies and branding.
Identified that there was the limitations of our research such as the tendency of bias views, cost
effectiveness and lack of resources.
Reference
Amazon.co.uk Review on Maximuscle Promax 908 g Strawberry Whey Protein Shake Powder. (Picture edited for convenience)
http://www.amazon.co.uk/Maximuscle-Promax-Strawberry-Protein-Powder/dp/B000OC1U4Y/ref=sr_1_1?ie=UTF8&qid=1384904891&sr=8-1&keywords=maxi-muscle retrieved on 19/11/2013 11.49pm
Denyer, D. & Tranfield, D. (2009) "Producing a Systematic Review", In: D.A. Buchanan and A. Bryman (Eds.), The SAGE Handbook of Organizational Research Methods, London: SAGE Publications Ltd, pp. 671-689.
Econsultancy.com Maximuscle sees conversions rise by 362% with ad retargeting, 21 October 2010 http://econsultancy.com/uk/nma-archive/35247-maximuscle-sees-conversions-rise-by-362-with-ad-retargeting
retrieved a
18/11/2013 2pm
Fitness Industry Back in Growth; 2013 http://www.theleisuredatabase.com/news/news-archive/fitness-industry-back-in-growth accessed on 2.36pm, 19/11/2013
GSK Annual Report 2012 http://www.gsk.com/content/dam/gsk/globals/documents/pdf/GSK-Annual-Report-2012.pdf
Joseph, S. GSK launches first corporate campaign Thu, 19 Jul 2012 http://www.marketingweek.co.uk/news/gsk-launches-first-corporate-campaign/4002732.article retrieved on 15/11/2013 5pm
LaMontagne, C. NerdWallet Health finds Medical Bankruptcy accounts for majority of personal bankruptcies June 19, 2013 posted in Medical
Bankruptcyhttp://www.nerdwallet.com/blog/health/2013/06/19/nerdwallet-health-study-estimates-56-million-americans-65-struggle-medical-bills-2013/ retrieved on 5pm 18/11/2013
Maximuscle general review. Picture edited. https://www.google.co.uk/search?q=maximuscle+google&oq=maximuscle+google&aqs=chrome..69i57j69i60.4195j0j4&sourceid=chrome&ie=UTF-8 retrieved on
20/11/2013
Onion Picture. Source: Saunders, Lewis & Thornhill (2007). Research Method in Business, 4th edition. Pearson Education.
Saunders, M., Lewis, P. and Thornhill, A. (2012) Research Methods for Business Students, 6th ed., Harlow: Prentice Hall. Retrieved from Essex Moodle at 20/11/2013 1.12pm slide number
35.https://moodle.essex.ac.uk/pluginfile.php/278708/mod_resource/content/1/2013%20BE231%20Business%20Research%20Methods%20WEEK%203%20lecture%20without%20seminar.pdf

Thomas, J. Maximuscle unveils first TV ad for core range starring Ugo Monye campaignlive.co.uk, Friday, 28 May 2010 01:00PM http://www.campaignlive.co.uk/news/1006451/ retrieved at 4pm 18/11/2013
Witters, D. and Agrawal, S. U.S. Workers' Absenteeism Costs $153 Billion October 17, 2011 http://www.gallup.com/poll/150026/Unhealthy-Workers-Absenteeism-Costs-153
Billion.aspx?utm_source=tagrss&utm_medium=rss&utm_campaign=syndication retrieved on 18/11/2013 at 5pm 18/11/2013

Weitere ähnliche Inhalte

Kürzlich hochgeladen

Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...ssuserf63bd7
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwaitdaisycvs
 
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NSCROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NSpanmisemningshen123
 
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTSDurg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTSkajalroy875762
 
Organizational Transformation Lead with Culture
Organizational Transformation Lead with CultureOrganizational Transformation Lead with Culture
Organizational Transformation Lead with CultureSeta Wicaksana
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistanvineshkumarsajnani12
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Falcon Invoice Discounting
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxCynthia Clay
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Timegargpaaro
 
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGpr788182
 
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...pujan9679
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateCannaBusinessPlans
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityEric T. Tung
 
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubaijaehdlyzca
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...NadhimTaha
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPanhandleOilandGas
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptxRoofing Contractor
 

Kürzlich hochgeladen (20)

Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
Horngren’s Cost Accounting A Managerial Emphasis, Canadian 9th edition soluti...
 
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai KuwaitThe Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
The Abortion pills for sale in Qatar@Doha [+27737758557] []Deira Dubai Kuwait
 
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NSCROSS CULTURAL NEGOTIATION BY PANMISEM NS
CROSS CULTURAL NEGOTIATION BY PANMISEM NS
 
WheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond InsightsWheelTug Short Pitch Deck 2024 | Byond Insights
WheelTug Short Pitch Deck 2024 | Byond Insights
 
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTSDurg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
 
Organizational Transformation Lead with Culture
Organizational Transformation Lead with CultureOrganizational Transformation Lead with Culture
Organizational Transformation Lead with Culture
 
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in PakistanChallenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
Challenges and Opportunities: A Qualitative Study on Tax Compliance in Pakistan
 
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
Unveiling Falcon Invoice Discounting: Leading the Way as India's Premier Bill...
 
Putting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptxPutting the SPARK into Virtual Training.pptx
Putting the SPARK into Virtual Training.pptx
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDINGBerhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
Berhampur CALL GIRL❤7091819311❤CALL GIRLS IN ESCORT SERVICE WE ARE PROVIDING
 
HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024
 
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
Ooty Call Gril 80022//12248 Only For Sex And High Profile Best Gril Sex Avail...
 
New 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck TemplateNew 2024 Cannabis Edibles Investor Pitch Deck Template
New 2024 Cannabis Edibles Investor Pitch Deck Template
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur DubaiUAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
UAE Bur Dubai Call Girls ☏ 0564401582 Call Girl in Bur Dubai
 
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...joint cost.pptx  COST ACCOUNTING  Sixteenth Edition                          ...
joint cost.pptx COST ACCOUNTING Sixteenth Edition ...
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 
Pre Engineered Building Manufacturers Hyderabad.pptx
Pre Engineered  Building Manufacturers Hyderabad.pptxPre Engineered  Building Manufacturers Hyderabad.pptx
Pre Engineered Building Manufacturers Hyderabad.pptx
 

Empfohlen

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by HubspotMarius Sescu
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTExpeed Software
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsPixeldarts
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthThinkNow
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfmarketingartwork
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024Neil Kimberley
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)contently
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024Albert Qian
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsKurio // The Social Media Age(ncy)
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Search Engine Journal
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summarySpeakerHub
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next Tessa Mero
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentLily Ray
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best PracticesVit Horky
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project managementMindGenius
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...RachelPearson36
 

Empfohlen (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

Business Research Methods - University Group Work

  • 1. BE231 - Business Research Methods Abdul Malik Omar(1104810), Liam Hayes, Alex Innes, Gizem Erol(1103259), Jannicke Wærdahl Elverhaug, Tochukwu C. Ihenacho, and Sandra Ewurum.
  • 2. Overview In what way marketing of products/services of firms in the health and fitness industry is important in influencing consumers to buy products/services? - Content divided into two section: Research Methods and Core Research - Research Methods • • • Literature Review Research Analysis Pt. 1 Research Analysis Pt. 2 - Core Research • • • • Health and Fitness Market Product - Maximuscle Marketing Strategies Branding - Limitations - Conclusion
  • 3. Literature Review ‘Examining a body of literature toward the answer to a research question’ 1) Establish the research focus and what the research question is asking us. (What is the problem?" and "Why do I care?") 2) Identify where to search ( Secondary research is relation to maximuscle) 3) The approach in which we conduct the research (Induction, Deduction or Abduction) 4) Determine relevant literature ( The Purpose ‘why did we do it’) 5) Research choice ( how did we collect the research and why ) 6) Analyse ( Key Finding) 7) Use literature to answer the Research Question
  • 4. Research design Part 1 1) What is the research onion and why is it important? It's a diagram that's made up of concentric circles or "layers" like the skin on an onion. The most important information/material is in the innermost circle. Research design 2) What are the layers? Philosophies Approaches Strategies Choices Time horizon Techniques and procedures • • • • • • 3) How have we utilise it? Original source: Saunders, Lewis & Thornhill (2007). Research Method in Business, 4th edition. Pearson Education. • • Guideline Right components for forming a methodology
  • 5. Research design part 2 1) What was the chosen Philosophical positioning? Positivism entails absolute certainty and Objectivism on building cases logically to prove our conclusion and perceived truth. 2) What was the chosen approach?Deductive. It confirms our hypothesis and proceeds to validate the established norm on the basis of the theory guiding the collection of Data. Research design 5) What is our research design? 3) What type of Research methodology and strategies do we adopt? Secondary research; through online case studies(TV commercial), product reviews and surveys(Nerdwallet.com) and polls(Gallup Poll). 4)Research choices? Mixed method: Collection of qualitative and quantitative data. Cross-sectional. 6) What Research methodology did this paper adopt?Systematic research which involves a positivist and structured approach in defining, describing, and analyzing our question. (Maylor and Blackmon, 2005)
  • 6. Health and Fitness Market Definition: Refers to quality living through gym exercise, consumption of the right supplements, and getting the right product. The 2013 State of the UK Fitness Industry Report(published on 31st March 2013) 2011 2012 Total industry value £3.806 £3.86bn (1.4% up) Percentage of the registered members in the health and fitness club in UK 11.9% 12.1% Public and private fitness facilities opened 149 163 Economic reasons • The Gallup Poll surveyed 109,875 full time employees on those two factors and concluded that unhealthy employees could cost businesses $153 billion lost productivity every year (Witters and Agrawal, 2011). • Medical bills is the number one cause for bankruptcies. 57,1% comes from medical bills according to NerdWallet Health(LaMontagne, C, 2013). People are now taking their health more seriously. • Result GSK posted a profit of £26,4Bn in 2012 (Annual Report, 2012: 1) One of their brands we’ll look is Maximuscle.
  • 7. Product(Maximuscle) • Britain's No.1 whey protein for packing on lean muscle size and strength, containing protein blend for superior uptake and absorption by the body. • We relate Maximuscle to the health and fitness industry as way to gauge consumer behaviour and marketing correlations. • According to consumer reviews in Amazon.co.uk and their website, they had a high above average positive five star reviews on Maximuscle Promax 908 g Strawberry Whey Protein Shake Powder and its general products respectively. • Ranked #1 in Amazon Protein Supplement section with eighty-five 5 stars review, it also has an average of 4.5/5 stars and 1,646 reviews as advertized on google of their website at www.maxishop.com/Maximuscle‎
  • 8. Marketing Strategies TV Commercials • Commercials in Sky Sport, ESPN, Olympics 2012.(Thomas, 2010) Celebrity endorsements • Use celebrity endorsement namely Ugo Monye, a famous rugby player to attract more customers.(Thomas, 2010) Internet Marketing • MyThings software. Gained 362% in internet conversion rates. (Econsultancy.com, 2010) Result - Group product line sales grew by 21% by 2012 then on(Annual Report, 2012: 59).
  • 9. Branding • That brand identities are directly linked with consumer identities, therefore it is vital for the marketing of brands to be focused on the consumer and how they can emotionally engage with product or service. • GlaxoSmithKline had the task of creating a strong relationship with the spectators to be representative of a 'pure and true' Olympics, (Joseph, 2012) • Launched an anti- doping campaign. • campaign enabled consumers to build trust within GSK and gave reassurance to the consumers of their products that they are indeed a trustable organisation.
  • 10. Limitations Limited Information • Health and Fitness Market- Industry data is in summary form and is attained in the internet, and thus we could not delve deeper into it. Plus the official data would cost us £310.00 +VAT which we can’t afford. • Product- The Amazon review which we use was quite limited in information not only does it focus in positive results but does show what customers actually say. The Maximuscle website is subject to bias and marketing ‘propaganda’. • Could not conduct primary research as the time frame to perform the research was limited. Lacking in detailed quantitative research. • Marketing strategies- There is no specific evidence that celebrity endorsements in TV commercials produce an exact amount of sales. Hard to quantify. • Branding- The article does not present solid proof such as statistical figures. Consequently, there is no specific evidence on the campaign impact on consumer behaviour.
  • 11. Conclusion • • • Utilised as a systematic review to locate necessary literature as well as secondary research. Therefore we can confirm that there is a direct correlation in the way marketing increases sales in the health and fitness industry via a systematic study of the industry product (MaxiMuscle), marketing strategies and branding. Identified that there was the limitations of our research such as the tendency of bias views, cost effectiveness and lack of resources.
  • 12. Reference Amazon.co.uk Review on Maximuscle Promax 908 g Strawberry Whey Protein Shake Powder. (Picture edited for convenience) http://www.amazon.co.uk/Maximuscle-Promax-Strawberry-Protein-Powder/dp/B000OC1U4Y/ref=sr_1_1?ie=UTF8&qid=1384904891&sr=8-1&keywords=maxi-muscle retrieved on 19/11/2013 11.49pm Denyer, D. & Tranfield, D. (2009) "Producing a Systematic Review", In: D.A. Buchanan and A. Bryman (Eds.), The SAGE Handbook of Organizational Research Methods, London: SAGE Publications Ltd, pp. 671-689. Econsultancy.com Maximuscle sees conversions rise by 362% with ad retargeting, 21 October 2010 http://econsultancy.com/uk/nma-archive/35247-maximuscle-sees-conversions-rise-by-362-with-ad-retargeting retrieved a 18/11/2013 2pm Fitness Industry Back in Growth; 2013 http://www.theleisuredatabase.com/news/news-archive/fitness-industry-back-in-growth accessed on 2.36pm, 19/11/2013 GSK Annual Report 2012 http://www.gsk.com/content/dam/gsk/globals/documents/pdf/GSK-Annual-Report-2012.pdf Joseph, S. GSK launches first corporate campaign Thu, 19 Jul 2012 http://www.marketingweek.co.uk/news/gsk-launches-first-corporate-campaign/4002732.article retrieved on 15/11/2013 5pm LaMontagne, C. NerdWallet Health finds Medical Bankruptcy accounts for majority of personal bankruptcies June 19, 2013 posted in Medical Bankruptcyhttp://www.nerdwallet.com/blog/health/2013/06/19/nerdwallet-health-study-estimates-56-million-americans-65-struggle-medical-bills-2013/ retrieved on 5pm 18/11/2013 Maximuscle general review. Picture edited. https://www.google.co.uk/search?q=maximuscle+google&oq=maximuscle+google&aqs=chrome..69i57j69i60.4195j0j4&sourceid=chrome&ie=UTF-8 retrieved on 20/11/2013 Onion Picture. Source: Saunders, Lewis & Thornhill (2007). Research Method in Business, 4th edition. Pearson Education. Saunders, M., Lewis, P. and Thornhill, A. (2012) Research Methods for Business Students, 6th ed., Harlow: Prentice Hall. Retrieved from Essex Moodle at 20/11/2013 1.12pm slide number 35.https://moodle.essex.ac.uk/pluginfile.php/278708/mod_resource/content/1/2013%20BE231%20Business%20Research%20Methods%20WEEK%203%20lecture%20without%20seminar.pdf Thomas, J. Maximuscle unveils first TV ad for core range starring Ugo Monye campaignlive.co.uk, Friday, 28 May 2010 01:00PM http://www.campaignlive.co.uk/news/1006451/ retrieved at 4pm 18/11/2013 Witters, D. and Agrawal, S. U.S. Workers' Absenteeism Costs $153 Billion October 17, 2011 http://www.gallup.com/poll/150026/Unhealthy-Workers-Absenteeism-Costs-153 Billion.aspx?utm_source=tagrss&utm_medium=rss&utm_campaign=syndication retrieved on 18/11/2013 at 5pm 18/11/2013