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Defining Marketing Research

The document outlines the importance of marketing research as a systematic process that connects consumers to the market through information. It details a six-stage research process, market segmentation strategies, and competitive intelligence, emphasizing the need for differentiation and customer experience in Flipkart's strategy. Ultimately, it highlights how marketing research informs strategic decision-making, transforming uncertainty into actionable insights.

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0% found this document useful (0 votes)
11 views9 pages

Defining Marketing Research

The document outlines the importance of marketing research as a systematic process that connects consumers to the market through information. It details a six-stage research process, market segmentation strategies, and competitive intelligence, emphasizing the need for differentiation and customer experience in Flipkart's strategy. Ultimately, it highlights how marketing research informs strategic decision-making, transforming uncertainty into actionable insights.

Uploaded by

arupghosh.ia2
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

F oundati on

Defining Marketing Research Information Flow

Consumers

American Marketing Association


Marketing Research
"The function that links the consumer, the customer, and Information linkage

public to the market through INFORMATION."

Market
Marketing research is the systematic process of designing, gathering, analyzing, and
reporting information that may be used to solve a specific marketing problem.

Core Function

Strategic Value

Problem Solving Opportunity Identification


Taxonomy

Research Classification Framework

01 Problem Identification Research 02 Problem-Solving Research

Market Potential Research Segmentation Research

Market Characteristics Research Product Research

Forecasting Research Pricing Research

Business Trends Research Promotion Research

Distribution Research

Strategic Focus: Strategic Focus:

Integrated Framework: Problem identification research informs where to focus problem-solving research for maximum strategic impact.
M ethodology

The Six-Stage Research Process

Defining the Problem Developing an Approach


01 02

Formulating Research Design Field Work / Data Collection


03 04

Preparing & Analyzing Data Report Preparation & Presentation


05 06

Sequential Process: Each stage builds upon the previous—skipping steps compromises research validity.
Company Context

Flipkart Company Profile Strategic Initiative: DigiFlip

Private Label Launch

Flipkart

Product Categories
Strategic Position: E-commerce company enabling easier
shopping for the Bangladeshi market through a comprehensive
Camera Bags Pen-Drives
digital marketplace.

Headphones Computer Accessories


Operating Structure
Market: Operates exclusively in Bangladesh
HQ: Dhaka, Bangladesh

Registration: Singapore-based holding company


MM
Segmentati on Strategy

Market Segmentation Methodology

Behavioral Demographic Benefit

Purchase Patterns Age & Life Stage Value Seekers

Usage Behavior Income Level Quality Focused

Decision-Making Geographic Location Convenience Driven

Brand Loyalty Education & Occupation Status Conscious

Integrated Segmentation: Combining all three dimensions creates actionable customer personas for precise targeting and personalization.
Competi tive Intelligence

Competitive Landscape Analysis

Tradus Agoraplaza HomeShop1 8


eBay-style marketplace Pioneering platform Network 1 8 venture

C2C Platform Model B2C Pioneer Model Multi-Channel Model

Strategic Implications for Flipkart


Differentiation Required: Unique value proposition vs. established players Private Label Edge: DigiFlip offers margin advantage
Market Maturity: Need for innovation and superior execution Customer Acquisition: Competitive pricing and service quality
Executi on Framework

Go-to-Market Strategy

Advertising Strategy Digital Marketing

Traditional Media Search Engine Marketing

Celebrity Endorsements Social Media Marketing

PR & Media Relations Email & Content Marketing

Strategic Integration: Unified messaging across all channels for maximum impact.
60% Digital / 40% Traditional
Synt h esis

Strategic Insights & Implications

Key Research Insights Strategic Imperatives

Market Opportunity
1 Differentiate or Compete on Price

Competitive Gap 2 Invest in Customer Experience

3 Execute with Excellence


Private Label Advantage

Risk Mitigation Customer Understanding Future Forecasting


Research reduces product failure risk and informs Deep insights enable personalized experiences and Anticipate needs and trends to stay ahead of the
strategy. loyalty. curve.
From Insights to Action
Marketing research is the compass that guides strategic decision making. It transforms
uncertainty into clarity, risk into calculated opportunity.

"The opportunity is substantial. The question is no longer whether to


act, but how quickly we can execute with precision."

Data Insights Action

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