SlideShare ist ein Scribd-Unternehmen logo
1 von 30
Marketing Research
Dr. Pooja
Assistant Professor
Dept. of Commerce
AMPGC, BHU, Varanasi

 Any discussion of the importance of information to the marketer must
include a discussion of marketing research. Marketing research
allows managers to make decisions based on objective data,
gathered systematically, rather than on intuition.
 Marketing research is the systematic and objective process of
generating information for use in making marketing decision.
What is Marketing Research ?

Marketing Research is the systematic and objective process of
generating information for use in marketing decision making.
 This definition suggests that marketing research is a special effort
rather than a haphazard attempt at gathering information.
 The term marketing research suggests a specific, serious effort to
generate new information. The term research suggests a patient,
objective, and accurate search.
Defining Marketing Research

 Marketing to not an exact science like physics, but that does not mean
that marketers and marketing researchers should not try to approach
their jobs in a scientific manner. Marketing research is a systematic
inquiry into the characteristics of the marketplace, just as astronomy is
a systematic investigation of the stars and planets. Both use step by-
step approaches to gain knowledge. he various stages or steps in the
marketing research process are :
Procedure of Marketing Research

 The market research process begins with the identification “of a problem faced by
the company. The clear-cut statement of problem may not be possible at the very
outset of research process because often only the symptoms of the problems are
apparent at that stage. Then, after some explanatory research, clear definition of
the problem is of crucial importance in marketing research because such research
is a costly process involving time, energy and money.
 Clear definition of the problem helps the researcher in all subsequent research
efforts including setting of proper research objectives, the determination of the
techniques to be used, and the extent of information to be collected.
1. Identification and Defining
the Problem

 After identifying and defining the problem with or without explanatory
research, the researcher must take a formal statement of research
objectives. Such objectives may be stated in qualitative or quantitative
terms and expressed as research questions, statement or hypothesis.
 For example, the research objective, “To find out the extent to which sales
promotion schemes affected the sales volume” is a research objective
expressed as a statement.
 On the other hand, a hypothesis is a statement that can be refuted or
supported by empirical finding. The same research objective could be
stated as, “To test the proposition that sales are positively affected by the
sales promotion schemes undertaken this winter.”
2. Statement of Research
Objectives

 After defining the research problem and deciding the objectives, the
research design must be developed. A research design is a master plan
specifying the procedure for collecting and analysing the needed
information. It represents a framework for the research plan of action.
 Types of Research Design:
1. Exploratory Research Design
2. Descriptive Research Design
3. Causal Research Design
3. Research Design or Designing
the Research Study

 Sampling involves procedures that use a small number of items or parts
of the ‘population’ (total items) to make conclusion regarding the
‘population’. Important questions in this regard are—
1. who is to be sampled as a rightly representative lot?
2. Which is the target ‘population’?
3. What should be the sample size—how large or how small?
4. How to select the various units to make up the sample?
4. Sample Design

 The collection of data relates to the gathering of facts to be used in solving
the problem. Hence, methods of market research are essentially methods of
data collection.
1. Primary Data Collection: Data can be primary, i.e., collected from the
original base through empirical research by means of various tools. Such as
Survey, Experiments, Interviews, Observation etc.
2. Secondary Data Collection: Data can be secondary, i.e., collected from
concerned reports, magazines and other periodicals, especially written
articles, government publications, company publications, books, etc.
 There can be broadly two types of sources
1. Internal sources—existing within the firm itself, such as accounting data,
salesmen’s reports, etc.
2. External sources—outside the firm.
5. Data Collection

 Once data have been collected, these have to be converted into a format
that will suggest answers to the initially identified and defined problem.
 Data processing begins with the editing of data and its coding. Editing
involves inspecting the data-collection forms for omission, legibility,
and consistency in classification. Before tabulation, responses need to
be classified into meaningful categories.
 The rules for categorizing, recording and transferring the data to ‘data
storage media’ are called codes. This coding process facilitates the
manual or computer tabulation. If computer analysis is being used, the
data can be key punched and verified.
 Analysis of data represents the application of logic to the understanding
of data collected about the subject. In its simplest form analysis may
involve determination of consistent patterns and summarising of
appropriate details.
6. Data Processing and Analysis

 The final stage in the marketing research process is that of interpreting
the information and drawing conclusion for use in managerial decision.
The research report should clearly and effectively communicate the
research findings and need not include complicated statement about
the technical aspect of the study and research methods.
 Often the management is not interested in details of research design
and statistical analysis, but instead, in the concrete findings of the
research. If need be, the researcher may bring out his appropriate
recommendations or suggestions in the matter. Researchers must
make the presentation technically accurate, understandable and useful.
7. Interpretation, Preparing and
Presenting the Report

 The research undertaken in marketing field may be quantitative or
qualitative.
 The quantitative marketing research attempts to observe statistically
the behaviour of various marketing components. It is an attempt to
figure out the consumer profile relevant to the marketing problem
under study. It tries to find the answers as to what? How? How
much? Where? And When? A consumer buys a product or a service.
 The qualitative marketing research tries to find out answers as to
why a consumer behaves this way or that way? It answers why? of a
situation by probing the sub-conscious and unconscious mind. It
finds out the causes and the motives for specific consumer
behaviour. It is more popularly known as ‘motivation research’ a
major form of consumer research.
Marketing Research Methods

 The most common methods and techniques used in marketing
research are:
1. Survey.
2. Observation
3. Experimentation.
4. In-depth interviews and
5. Projective techniques.
The first three are methods while the last two are the techniques.
Marketing Research Methods

 Survey methods refer to all methods of obtaining the needed
information through asking the questions to the respondents. This
method is, therefore, known as the ‘questionnaire’ method.
 Professors Tull D.S. and Hawkins D.I. define survey method as “the
systematic gathering of information from the respondents for the
purpose of understanding and/or predicting some aspects of
behaviour of the population of interest”.
 Surveys are commonly conducted both in quantitative and qualitative
researches. After having decided about the sampling, questionnaire
is designed and the respondents are contacted to answer these
questions asked in the questionnaire. This process of getting
answers is called as interviewing.
1. Survey Method

Surveys are:
A. Personal Interview
B. Mail Interview and
C. Telephone Interview.
1. Survey

 Personal interview is the process of communication where face to
face contact between the investigator and the respondent is
established. It is the conversation arranged for the purpose of
obtaining views of the respondent on the topic of interest to the
interviewer.
 Under this method, the investigator presents the questionnaire in
person either at the residence or at the office of the respondent.
Being active participant, he establishes a close rapport with the
respondent and motivates him or her to answer all the questions
satisfactorily.
A. Personal Interview

 Merits:
1. It is a superior method
2. Maximum information is sought
3. Regulation of interview
 Demerits
1. It is expensive
2. More administrative problems
3. Biased information
A. Personal Interview

 As the title suggests, the respondents are contacted through post.
There is no face to face contact between the investigator and the
respondent. The questionnaire is sent to the mailing address of the
respondent with a request to fill in and return back.
 Much care is to be taken while designing the questionnaire as there is
no face to face contact. The questions asked must be answerable
quick in terms ‘Yes’ or ‘No’. The covering letter must be carefully
couched to induce, convince and motivate the respondent to answer
all the questions and return the questionnaire duly filled back to the
investigator.
B. Mail Interview Method

 Merits:
1. Detailed and accurate information
2. It is economical
3. More objectivity
 Demerits:
1. Possibility of poor response
2. It is time consuming
3. Incomplete and inaccurate data
B. Mail Interview Method

 Under telephone interview method, the researcher establishes a
contact through telephone. The investigator will have to be selective
and careful while designing the questionnaire for it cannot be a
lengthy type as in case of earlier two methods.
 It must be brief, simple, to the point and non-confidential. The special
problem of telephone interview is that of building close rapport with
the respondents so that he can be induced and persuaded to reply
satisfactorily.
C. Telephone Interview

 Merits:
1. It is economical
2. Unbiased Data
3. Best method to elicit information from specific group
 Demerits:
1. It is of limited use
2. Possibility of no reply
3. Lack of personal observation
C. Telephone Interview

 Observation implies viewing or noting the act or occurrence.
Observation is the method that places an observer human or
machine to watch and record as to what is taking place.
 Here, the observer does not ask the questions to the respondent but
observes his or her actions or behaviour with or without telling the
respondent that he or she is being observed. Many a times the
investigator will not get answers for his questions under other
methods; but he gets here without asking the questions.
 Thus, observation method works well in lieu of communication. Such
an observation is to be scientific and casual. For instance, if you are
to get answer for question say “What brand of shampoo does a lady
use?” Instead of asking the question, the observer can note her
behaviour at the sales counter and determine her choice. Further, it
may be a question of determining the efficiency and the devotion of a
salesman in a store. An observer can measure the same in disguise
of a customer.
2. Observation Method

 Merits
1. This method is more objective and accurate than survey method as it
eliminates human element uncontrolled.
 Demerits
1. The information that is sought by the observer may not be sufficient
as he can observe only the overt behaviour.
2. It is much costlier than the survey method itself. Further, the experts
have not been able to develop alternative method of observation nor
they have been fully utilized. The techniques developed so far need
further refinement for their perfect and fuller use.
2. Observation Method

 Experimental method of research is the procedure of carrying out the
best possible solution to a given problem on a small scale. The aim
is to determine whether the tentative conclusions reached can be
proved in actual conditions.
 The actual conditions are ever changing and cannot be controlled by
the researcher.
 However, continuous experimentation in differing conditions, it may
be possible to isolate the effect of these differing conditions.
Professor Tull D.S. and Hawkin D.I. have defined this method as “the
deliberate manipulation of one or more variables by the experimenter
in such a way that its effect upon one or other variables can be
measured.”
3. Experimental Method

 Merits
1. The strength of experimentation lies in the fact that it helps not only
in building a theory but also solving marketing problems as it
resembles practical setting. In fact, decision makers rely on it to a
very great extent as it helps them in detecting the real causes of
impediments or troubles for taking marketing actions to plug the
gaps.
 Demerits
1. It is costlier method both for researchers and non- researchers.
2. The findings may not remain for a very long time because, the
researcher will not be able to control the dynamics of changing
consumer needs.
3. Experimental Method

 Depth interview is a technique of getting the replies from the
respondents in an atmosphere of freedom and relaxation. It is a form
of unstructured research or interview. It is non-directive interview
where the respondent is being urged to talk than mere saying ‘yes’ or
‘no’ for a specific question.
 The respondents are kept in dark that they are being interviewed and,
therefore, they express or expose themselves without any kind of fear
or disapproval, dispute or admonition.
 It is beneath line or beneath the consumer surface interviewing to ask
leading questions to stimulate free and frank discussion of the subject
on hand without asking a standardized list of questions. It is called as
depth interview because, the researcher proves through probing the
unconscious mind, feelings, needs, conflicts, fears, motives, attitudes,
habits and taboos.
1. Depth interviews

 Merits
1. It helps in uncovering the human pre-dispositions having far
reaching impact on his research problem.
2. The variety and the volume of the information sought are really
substantial.
3. This information reduces the level of uncertainty in decision making.
 Demerits
1. Neither it is possible to get really competent interviewers at least did
not cost nor the information collected by them is unbiased.
2. It is a time consuming affair so much so that it is really difficult to
hold on respondent hours together.
1. Depth interviews

 Projective tests are the tests conducted wherein the
respondents are encouraged to project their feelings, attitudes,
impressions, motives, reactions and the like to a third person or
an object. It is that technique which involves stimulating the
interviewee to project himself or herself in an artificial or
ambiguous situation. Here, the inner feelings are made to
reveal.
 If you ask a respondent as to why he has not yet bought a
colour television set, he may say that he is waiting for a
particular latest model. However, the real reason may be his
financial difficulty. This hidden feeling or cause is unearthed by
the projective techniques.
2. Projective techniques

 The most commonly administered tests of this kind are:
1. Word Association Test
2. Sentence Completion Test
3. Thematic Appreciation Test and
4. Paired Picture Test.
2. Projective techniques

Thank You

Weitere ähnliche Inhalte

Was ist angesagt?

Mba ii rm unit-1.1_introduction evolution and emerging issues a
Mba ii rm unit-1.1_introduction evolution and emerging issues aMba ii rm unit-1.1_introduction evolution and emerging issues a
Mba ii rm unit-1.1_introduction evolution and emerging issues aRai University
 
Research Method EMBA chapter 5
Research Method EMBA chapter 5Research Method EMBA chapter 5
Research Method EMBA chapter 5Mazhar Poohlah
 
Research method EMBA chapter 2
Research method EMBA chapter 2Research method EMBA chapter 2
Research method EMBA chapter 2Mazhar Poohlah
 
Business Research
Business ResearchBusiness Research
Business ResearchUma Shahi
 
detailed notes AMR.pdf
detailed notes AMR.pdfdetailed notes AMR.pdf
detailed notes AMR.pdfRameshG767908
 
Scaling and measurement technique
Scaling and measurement techniqueScaling and measurement technique
Scaling and measurement techniqueSiddharth Gupta
 
Research method EMBA chapter 1
Research method EMBA  chapter 1Research method EMBA  chapter 1
Research method EMBA chapter 1Mazhar Poohlah
 
Methods and techniques of data collection
Methods and techniques of data collection Methods and techniques of data collection
Methods and techniques of data collection ShibinSanal
 
Sir Tariq M Research 1st Slide
Sir  Tariq  M  Research 1st  SlideSir  Tariq  M  Research 1st  Slide
Sir Tariq M Research 1st SlideAshar Azam
 
Problem identifiation & formulation(1)
Problem identifiation & formulation(1)Problem identifiation & formulation(1)
Problem identifiation & formulation(1)kongara
 
Chapter3 - Research Methods for Business By Authors Uma Sekaran and Roger Bo...
Chapter3  - Research Methods for Business By Authors Uma Sekaran and Roger Bo...Chapter3  - Research Methods for Business By Authors Uma Sekaran and Roger Bo...
Chapter3 - Research Methods for Business By Authors Uma Sekaran and Roger Bo...Hassan Usman
 
Market research-from research problem to research question
Market research-from research problem to research questionMarket research-from research problem to research question
Market research-from research problem to research questionSarah Sloan
 

Was ist angesagt? (18)

Mba ii rm unit-1.1_introduction evolution and emerging issues a
Mba ii rm unit-1.1_introduction evolution and emerging issues aMba ii rm unit-1.1_introduction evolution and emerging issues a
Mba ii rm unit-1.1_introduction evolution and emerging issues a
 
Improving Validity of market research
Improving Validity of market research Improving Validity of market research
Improving Validity of market research
 
Research Method EMBA chapter 5
Research Method EMBA chapter 5Research Method EMBA chapter 5
Research Method EMBA chapter 5
 
Consumer research
Consumer researchConsumer research
Consumer research
 
Research method EMBA chapter 2
Research method EMBA chapter 2Research method EMBA chapter 2
Research method EMBA chapter 2
 
Business Research
Business ResearchBusiness Research
Business Research
 
detailed notes AMR.pdf
detailed notes AMR.pdfdetailed notes AMR.pdf
detailed notes AMR.pdf
 
Consumer behaviour research
Consumer behaviour researchConsumer behaviour research
Consumer behaviour research
 
Business research
Business researchBusiness research
Business research
 
business research process, design and proposal
business research process, design and proposalbusiness research process, design and proposal
business research process, design and proposal
 
Scaling and measurement technique
Scaling and measurement techniqueScaling and measurement technique
Scaling and measurement technique
 
Research method EMBA chapter 1
Research method EMBA  chapter 1Research method EMBA  chapter 1
Research method EMBA chapter 1
 
Methods and techniques of data collection
Methods and techniques of data collection Methods and techniques of data collection
Methods and techniques of data collection
 
Consumer research
Consumer researchConsumer research
Consumer research
 
Sir Tariq M Research 1st Slide
Sir  Tariq  M  Research 1st  SlideSir  Tariq  M  Research 1st  Slide
Sir Tariq M Research 1st Slide
 
Problem identifiation & formulation(1)
Problem identifiation & formulation(1)Problem identifiation & formulation(1)
Problem identifiation & formulation(1)
 
Chapter3 - Research Methods for Business By Authors Uma Sekaran and Roger Bo...
Chapter3  - Research Methods for Business By Authors Uma Sekaran and Roger Bo...Chapter3  - Research Methods for Business By Authors Uma Sekaran and Roger Bo...
Chapter3 - Research Methods for Business By Authors Uma Sekaran and Roger Bo...
 
Market research-from research problem to research question
Market research-from research problem to research questionMarket research-from research problem to research question
Market research-from research problem to research question
 

Ähnlich wie Marketing Research

5 step approach to successful marketing research
5 step approach to successful marketing research5 step approach to successful marketing research
5 step approach to successful marketing researchbabar mushtaq
 
Marketing Research Assignment
Marketing Research AssignmentMarketing Research Assignment
Marketing Research AssignmentMaha H
 
Introduction to marketing research
Introduction to marketing researchIntroduction to marketing research
Introduction to marketing researchVyas Ashutosh
 
Marketing resaerch 2nd unit
Marketing resaerch 2nd unitMarketing resaerch 2nd unit
Marketing resaerch 2nd unitSajin Sunny
 
Market research process
Market research processMarket research process
Market research processHo Cao Viet
 
Marketing research
Marketing researchMarketing research
Marketing researchLijin Mathew
 
Market research process
Market research processMarket research process
Market research processShagun Lidhoo
 
Consumer behaviour research
Consumer behaviour researchConsumer behaviour research
Consumer behaviour researchPrerna Gaur
 
What is research, it's siganficance ,characteristic,research proposal
What is research, it's siganficance ,characteristic,research proposalWhat is research, it's siganficance ,characteristic,research proposal
What is research, it's siganficance ,characteristic,research proposalPakLover
 
PRINCIPLES OF MARKETING MODULE 3.2.pptx
PRINCIPLES OF MARKETING MODULE 3.2.pptxPRINCIPLES OF MARKETING MODULE 3.2.pptx
PRINCIPLES OF MARKETING MODULE 3.2.pptxYatogami27
 
236 chapter 6 information systems for marketing decisions.docx
236       chapter 6   information systems for marketing decisions.docx236       chapter 6   information systems for marketing decisions.docx
236 chapter 6 information systems for marketing decisions.docxeugeniadean34240
 
Pcc mktg 25 chapter 2
Pcc mktg 25 chapter 2Pcc mktg 25 chapter 2
Pcc mktg 25 chapter 2Magiel Amora
 
Business Research methods the introduction
Business Research methods the introductionBusiness Research methods the introduction
Business Research methods the introductionDrMuskanKhan1
 

Ähnlich wie Marketing Research (20)

RM Module 2.pptx
RM Module 2.pptxRM Module 2.pptx
RM Module 2.pptx
 
Attachments 2012 06_18
Attachments 2012 06_18Attachments 2012 06_18
Attachments 2012 06_18
 
5 step approach to successful marketing research
5 step approach to successful marketing research5 step approach to successful marketing research
5 step approach to successful marketing research
 
Marketing Research Assignment
Marketing Research AssignmentMarketing Research Assignment
Marketing Research Assignment
 
Introduction to marketing research
Introduction to marketing researchIntroduction to marketing research
Introduction to marketing research
 
Marketing research
Marketing researchMarketing research
Marketing research
 
Marketing resaerch 2nd unit
Marketing resaerch 2nd unitMarketing resaerch 2nd unit
Marketing resaerch 2nd unit
 
Market research process
Market research processMarket research process
Market research process
 
Marketing research
Marketing researchMarketing research
Marketing research
 
Market research process
Market research processMarket research process
Market research process
 
Research design
Research designResearch design
Research design
 
Consumer behaviour research
Consumer behaviour researchConsumer behaviour research
Consumer behaviour research
 
Brm
BrmBrm
Brm
 
Brm
BrmBrm
Brm
 
Rm
RmRm
Rm
 
What is research, it's siganficance ,characteristic,research proposal
What is research, it's siganficance ,characteristic,research proposalWhat is research, it's siganficance ,characteristic,research proposal
What is research, it's siganficance ,characteristic,research proposal
 
PRINCIPLES OF MARKETING MODULE 3.2.pptx
PRINCIPLES OF MARKETING MODULE 3.2.pptxPRINCIPLES OF MARKETING MODULE 3.2.pptx
PRINCIPLES OF MARKETING MODULE 3.2.pptx
 
236 chapter 6 information systems for marketing decisions.docx
236       chapter 6   information systems for marketing decisions.docx236       chapter 6   information systems for marketing decisions.docx
236 chapter 6 information systems for marketing decisions.docx
 
Pcc mktg 25 chapter 2
Pcc mktg 25 chapter 2Pcc mktg 25 chapter 2
Pcc mktg 25 chapter 2
 
Business Research methods the introduction
Business Research methods the introductionBusiness Research methods the introduction
Business Research methods the introduction
 

Mehr von Dr Pooja

Product Labelling
Product LabellingProduct Labelling
Product LabellingDr Pooja
 
Product Branding
Product BrandingProduct Branding
Product BrandingDr Pooja
 
Product Packaging
Product PackagingProduct Packaging
Product PackagingDr Pooja
 
Product Life Cycle
Product Life CycleProduct Life Cycle
Product Life CycleDr Pooja
 
Product- Concept, Product Line & Mix
Product- Concept, Product Line & MixProduct- Concept, Product Line & Mix
Product- Concept, Product Line & MixDr Pooja
 
Patterns of Target Market Selection
Patterns of Target Market SelectionPatterns of Target Market Selection
Patterns of Target Market SelectionDr Pooja
 
Bases for Segmentation of consumer market
Bases for Segmentation of consumer marketBases for Segmentation of consumer market
Bases for Segmentation of consumer marketDr Pooja
 
Levels and Pattern of Market Segmentation
Levels and Pattern of Market SegmentationLevels and Pattern of Market Segmentation
Levels and Pattern of Market SegmentationDr Pooja
 
Buying motives and buying process
Buying motives and buying processBuying motives and buying process
Buying motives and buying processDr Pooja
 
Buyer behaviour
Buyer behaviour Buyer behaviour
Buyer behaviour Dr Pooja
 
Marketing Environment
Marketing EnvironmentMarketing Environment
Marketing EnvironmentDr Pooja
 
Marketing and society
Marketing and societyMarketing and society
Marketing and societyDr Pooja
 

Mehr von Dr Pooja (12)

Product Labelling
Product LabellingProduct Labelling
Product Labelling
 
Product Branding
Product BrandingProduct Branding
Product Branding
 
Product Packaging
Product PackagingProduct Packaging
Product Packaging
 
Product Life Cycle
Product Life CycleProduct Life Cycle
Product Life Cycle
 
Product- Concept, Product Line & Mix
Product- Concept, Product Line & MixProduct- Concept, Product Line & Mix
Product- Concept, Product Line & Mix
 
Patterns of Target Market Selection
Patterns of Target Market SelectionPatterns of Target Market Selection
Patterns of Target Market Selection
 
Bases for Segmentation of consumer market
Bases for Segmentation of consumer marketBases for Segmentation of consumer market
Bases for Segmentation of consumer market
 
Levels and Pattern of Market Segmentation
Levels and Pattern of Market SegmentationLevels and Pattern of Market Segmentation
Levels and Pattern of Market Segmentation
 
Buying motives and buying process
Buying motives and buying processBuying motives and buying process
Buying motives and buying process
 
Buyer behaviour
Buyer behaviour Buyer behaviour
Buyer behaviour
 
Marketing Environment
Marketing EnvironmentMarketing Environment
Marketing Environment
 
Marketing and society
Marketing and societyMarketing and society
Marketing and society
 

Kürzlich hochgeladen

Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxDr. Sarita Anand
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxEsquimalt MFRC
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.christianmathematics
 
Single or Multiple melodic lines structure
Single or Multiple melodic lines structureSingle or Multiple melodic lines structure
Single or Multiple melodic lines structuredhanjurrannsibayan2
 
Food safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdfFood safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdfSherif Taha
 
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptxMaritesTamaniVerdade
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfagholdier
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfPoh-Sun Goh
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdfQucHHunhnh
 
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptxSKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptxAmanpreet Kaur
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024Elizabeth Walsh
 
SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentationcamerronhm
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxheathfieldcps1
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxVishalSingh1417
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibitjbellavia9
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfAdmir Softic
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsKarakKing
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...Nguyen Thanh Tu Collection
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.MaryamAhmad92
 

Kürzlich hochgeladen (20)

Google Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptxGoogle Gemini An AI Revolution in Education.pptx
Google Gemini An AI Revolution in Education.pptx
 
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptxHMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
HMCS Max Bernays Pre-Deployment Brief (May 2024).pptx
 
This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.This PowerPoint helps students to consider the concept of infinity.
This PowerPoint helps students to consider the concept of infinity.
 
Single or Multiple melodic lines structure
Single or Multiple melodic lines structureSingle or Multiple melodic lines structure
Single or Multiple melodic lines structure
 
Food safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdfFood safety_Challenges food safety laboratories_.pdf
Food safety_Challenges food safety laboratories_.pdf
 
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
2024-NATIONAL-LEARNING-CAMP-AND-OTHER.pptx
 
Holdier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdfHoldier Curriculum Vitae (April 2024).pdf
Holdier Curriculum Vitae (April 2024).pdf
 
Micro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdfMicro-Scholarship, What it is, How can it help me.pdf
Micro-Scholarship, What it is, How can it help me.pdf
 
1029 - Danh muc Sach Giao Khoa 10 . pdf
1029 -  Danh muc Sach Giao Khoa 10 . pdf1029 -  Danh muc Sach Giao Khoa 10 . pdf
1029 - Danh muc Sach Giao Khoa 10 . pdf
 
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptxSKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
SKILL OF INTRODUCING THE LESSON MICRO SKILLS.pptx
 
FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024FSB Advising Checklist - Orientation 2024
FSB Advising Checklist - Orientation 2024
 
SOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning PresentationSOC 101 Demonstration of Learning Presentation
SOC 101 Demonstration of Learning Presentation
 
The basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptxThe basics of sentences session 3pptx.pptx
The basics of sentences session 3pptx.pptx
 
Unit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptxUnit-IV; Professional Sales Representative (PSR).pptx
Unit-IV; Professional Sales Representative (PSR).pptx
 
Sociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning ExhibitSociology 101 Demonstration of Learning Exhibit
Sociology 101 Demonstration of Learning Exhibit
 
Key note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdfKey note speaker Neum_Admir Softic_ENG.pdf
Key note speaker Neum_Admir Softic_ENG.pdf
 
Salient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functionsSalient Features of India constitution especially power and functions
Salient Features of India constitution especially power and functions
 
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
TỔNG ÔN TẬP THI VÀO LỚP 10 MÔN TIẾNG ANH NĂM HỌC 2023 - 2024 CÓ ĐÁP ÁN (NGỮ Â...
 
Spatium Project Simulation student brief
Spatium Project Simulation student briefSpatium Project Simulation student brief
Spatium Project Simulation student brief
 
ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.ICT role in 21st century education and it's challenges.
ICT role in 21st century education and it's challenges.
 

Marketing Research

  • 1. Marketing Research Dr. Pooja Assistant Professor Dept. of Commerce AMPGC, BHU, Varanasi
  • 2.   Any discussion of the importance of information to the marketer must include a discussion of marketing research. Marketing research allows managers to make decisions based on objective data, gathered systematically, rather than on intuition.  Marketing research is the systematic and objective process of generating information for use in making marketing decision. What is Marketing Research ?
  • 3.  Marketing Research is the systematic and objective process of generating information for use in marketing decision making.  This definition suggests that marketing research is a special effort rather than a haphazard attempt at gathering information.  The term marketing research suggests a specific, serious effort to generate new information. The term research suggests a patient, objective, and accurate search. Defining Marketing Research
  • 4.   Marketing to not an exact science like physics, but that does not mean that marketers and marketing researchers should not try to approach their jobs in a scientific manner. Marketing research is a systematic inquiry into the characteristics of the marketplace, just as astronomy is a systematic investigation of the stars and planets. Both use step by- step approaches to gain knowledge. he various stages or steps in the marketing research process are : Procedure of Marketing Research
  • 5.   The market research process begins with the identification “of a problem faced by the company. The clear-cut statement of problem may not be possible at the very outset of research process because often only the symptoms of the problems are apparent at that stage. Then, after some explanatory research, clear definition of the problem is of crucial importance in marketing research because such research is a costly process involving time, energy and money.  Clear definition of the problem helps the researcher in all subsequent research efforts including setting of proper research objectives, the determination of the techniques to be used, and the extent of information to be collected. 1. Identification and Defining the Problem
  • 6.   After identifying and defining the problem with or without explanatory research, the researcher must take a formal statement of research objectives. Such objectives may be stated in qualitative or quantitative terms and expressed as research questions, statement or hypothesis.  For example, the research objective, “To find out the extent to which sales promotion schemes affected the sales volume” is a research objective expressed as a statement.  On the other hand, a hypothesis is a statement that can be refuted or supported by empirical finding. The same research objective could be stated as, “To test the proposition that sales are positively affected by the sales promotion schemes undertaken this winter.” 2. Statement of Research Objectives
  • 7.   After defining the research problem and deciding the objectives, the research design must be developed. A research design is a master plan specifying the procedure for collecting and analysing the needed information. It represents a framework for the research plan of action.  Types of Research Design: 1. Exploratory Research Design 2. Descriptive Research Design 3. Causal Research Design 3. Research Design or Designing the Research Study
  • 8.   Sampling involves procedures that use a small number of items or parts of the ‘population’ (total items) to make conclusion regarding the ‘population’. Important questions in this regard are— 1. who is to be sampled as a rightly representative lot? 2. Which is the target ‘population’? 3. What should be the sample size—how large or how small? 4. How to select the various units to make up the sample? 4. Sample Design
  • 9.   The collection of data relates to the gathering of facts to be used in solving the problem. Hence, methods of market research are essentially methods of data collection. 1. Primary Data Collection: Data can be primary, i.e., collected from the original base through empirical research by means of various tools. Such as Survey, Experiments, Interviews, Observation etc. 2. Secondary Data Collection: Data can be secondary, i.e., collected from concerned reports, magazines and other periodicals, especially written articles, government publications, company publications, books, etc.  There can be broadly two types of sources 1. Internal sources—existing within the firm itself, such as accounting data, salesmen’s reports, etc. 2. External sources—outside the firm. 5. Data Collection
  • 10.   Once data have been collected, these have to be converted into a format that will suggest answers to the initially identified and defined problem.  Data processing begins with the editing of data and its coding. Editing involves inspecting the data-collection forms for omission, legibility, and consistency in classification. Before tabulation, responses need to be classified into meaningful categories.  The rules for categorizing, recording and transferring the data to ‘data storage media’ are called codes. This coding process facilitates the manual or computer tabulation. If computer analysis is being used, the data can be key punched and verified.  Analysis of data represents the application of logic to the understanding of data collected about the subject. In its simplest form analysis may involve determination of consistent patterns and summarising of appropriate details. 6. Data Processing and Analysis
  • 11.   The final stage in the marketing research process is that of interpreting the information and drawing conclusion for use in managerial decision. The research report should clearly and effectively communicate the research findings and need not include complicated statement about the technical aspect of the study and research methods.  Often the management is not interested in details of research design and statistical analysis, but instead, in the concrete findings of the research. If need be, the researcher may bring out his appropriate recommendations or suggestions in the matter. Researchers must make the presentation technically accurate, understandable and useful. 7. Interpretation, Preparing and Presenting the Report
  • 12.   The research undertaken in marketing field may be quantitative or qualitative.  The quantitative marketing research attempts to observe statistically the behaviour of various marketing components. It is an attempt to figure out the consumer profile relevant to the marketing problem under study. It tries to find the answers as to what? How? How much? Where? And When? A consumer buys a product or a service.  The qualitative marketing research tries to find out answers as to why a consumer behaves this way or that way? It answers why? of a situation by probing the sub-conscious and unconscious mind. It finds out the causes and the motives for specific consumer behaviour. It is more popularly known as ‘motivation research’ a major form of consumer research. Marketing Research Methods
  • 13.   The most common methods and techniques used in marketing research are: 1. Survey. 2. Observation 3. Experimentation. 4. In-depth interviews and 5. Projective techniques. The first three are methods while the last two are the techniques. Marketing Research Methods
  • 14.   Survey methods refer to all methods of obtaining the needed information through asking the questions to the respondents. This method is, therefore, known as the ‘questionnaire’ method.  Professors Tull D.S. and Hawkins D.I. define survey method as “the systematic gathering of information from the respondents for the purpose of understanding and/or predicting some aspects of behaviour of the population of interest”.  Surveys are commonly conducted both in quantitative and qualitative researches. After having decided about the sampling, questionnaire is designed and the respondents are contacted to answer these questions asked in the questionnaire. This process of getting answers is called as interviewing. 1. Survey Method
  • 15.  Surveys are: A. Personal Interview B. Mail Interview and C. Telephone Interview. 1. Survey
  • 16.   Personal interview is the process of communication where face to face contact between the investigator and the respondent is established. It is the conversation arranged for the purpose of obtaining views of the respondent on the topic of interest to the interviewer.  Under this method, the investigator presents the questionnaire in person either at the residence or at the office of the respondent. Being active participant, he establishes a close rapport with the respondent and motivates him or her to answer all the questions satisfactorily. A. Personal Interview
  • 17.   Merits: 1. It is a superior method 2. Maximum information is sought 3. Regulation of interview  Demerits 1. It is expensive 2. More administrative problems 3. Biased information A. Personal Interview
  • 18.   As the title suggests, the respondents are contacted through post. There is no face to face contact between the investigator and the respondent. The questionnaire is sent to the mailing address of the respondent with a request to fill in and return back.  Much care is to be taken while designing the questionnaire as there is no face to face contact. The questions asked must be answerable quick in terms ‘Yes’ or ‘No’. The covering letter must be carefully couched to induce, convince and motivate the respondent to answer all the questions and return the questionnaire duly filled back to the investigator. B. Mail Interview Method
  • 19.   Merits: 1. Detailed and accurate information 2. It is economical 3. More objectivity  Demerits: 1. Possibility of poor response 2. It is time consuming 3. Incomplete and inaccurate data B. Mail Interview Method
  • 20.   Under telephone interview method, the researcher establishes a contact through telephone. The investigator will have to be selective and careful while designing the questionnaire for it cannot be a lengthy type as in case of earlier two methods.  It must be brief, simple, to the point and non-confidential. The special problem of telephone interview is that of building close rapport with the respondents so that he can be induced and persuaded to reply satisfactorily. C. Telephone Interview
  • 21.   Merits: 1. It is economical 2. Unbiased Data 3. Best method to elicit information from specific group  Demerits: 1. It is of limited use 2. Possibility of no reply 3. Lack of personal observation C. Telephone Interview
  • 22.   Observation implies viewing or noting the act or occurrence. Observation is the method that places an observer human or machine to watch and record as to what is taking place.  Here, the observer does not ask the questions to the respondent but observes his or her actions or behaviour with or without telling the respondent that he or she is being observed. Many a times the investigator will not get answers for his questions under other methods; but he gets here without asking the questions.  Thus, observation method works well in lieu of communication. Such an observation is to be scientific and casual. For instance, if you are to get answer for question say “What brand of shampoo does a lady use?” Instead of asking the question, the observer can note her behaviour at the sales counter and determine her choice. Further, it may be a question of determining the efficiency and the devotion of a salesman in a store. An observer can measure the same in disguise of a customer. 2. Observation Method
  • 23.   Merits 1. This method is more objective and accurate than survey method as it eliminates human element uncontrolled.  Demerits 1. The information that is sought by the observer may not be sufficient as he can observe only the overt behaviour. 2. It is much costlier than the survey method itself. Further, the experts have not been able to develop alternative method of observation nor they have been fully utilized. The techniques developed so far need further refinement for their perfect and fuller use. 2. Observation Method
  • 24.   Experimental method of research is the procedure of carrying out the best possible solution to a given problem on a small scale. The aim is to determine whether the tentative conclusions reached can be proved in actual conditions.  The actual conditions are ever changing and cannot be controlled by the researcher.  However, continuous experimentation in differing conditions, it may be possible to isolate the effect of these differing conditions. Professor Tull D.S. and Hawkin D.I. have defined this method as “the deliberate manipulation of one or more variables by the experimenter in such a way that its effect upon one or other variables can be measured.” 3. Experimental Method
  • 25.   Merits 1. The strength of experimentation lies in the fact that it helps not only in building a theory but also solving marketing problems as it resembles practical setting. In fact, decision makers rely on it to a very great extent as it helps them in detecting the real causes of impediments or troubles for taking marketing actions to plug the gaps.  Demerits 1. It is costlier method both for researchers and non- researchers. 2. The findings may not remain for a very long time because, the researcher will not be able to control the dynamics of changing consumer needs. 3. Experimental Method
  • 26.   Depth interview is a technique of getting the replies from the respondents in an atmosphere of freedom and relaxation. It is a form of unstructured research or interview. It is non-directive interview where the respondent is being urged to talk than mere saying ‘yes’ or ‘no’ for a specific question.  The respondents are kept in dark that they are being interviewed and, therefore, they express or expose themselves without any kind of fear or disapproval, dispute or admonition.  It is beneath line or beneath the consumer surface interviewing to ask leading questions to stimulate free and frank discussion of the subject on hand without asking a standardized list of questions. It is called as depth interview because, the researcher proves through probing the unconscious mind, feelings, needs, conflicts, fears, motives, attitudes, habits and taboos. 1. Depth interviews
  • 27.   Merits 1. It helps in uncovering the human pre-dispositions having far reaching impact on his research problem. 2. The variety and the volume of the information sought are really substantial. 3. This information reduces the level of uncertainty in decision making.  Demerits 1. Neither it is possible to get really competent interviewers at least did not cost nor the information collected by them is unbiased. 2. It is a time consuming affair so much so that it is really difficult to hold on respondent hours together. 1. Depth interviews
  • 28.   Projective tests are the tests conducted wherein the respondents are encouraged to project their feelings, attitudes, impressions, motives, reactions and the like to a third person or an object. It is that technique which involves stimulating the interviewee to project himself or herself in an artificial or ambiguous situation. Here, the inner feelings are made to reveal.  If you ask a respondent as to why he has not yet bought a colour television set, he may say that he is waiting for a particular latest model. However, the real reason may be his financial difficulty. This hidden feeling or cause is unearthed by the projective techniques. 2. Projective techniques
  • 29.   The most commonly administered tests of this kind are: 1. Word Association Test 2. Sentence Completion Test 3. Thematic Appreciation Test and 4. Paired Picture Test. 2. Projective techniques