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Marketing Research: Definitions & Phases

The document provides an overview of marketing research, defining it as the systematic process of identifying, collecting, analyzing, and disseminating information to improve decision-making in marketing. It classifies marketing research into problem-identification and problem-solving categories, detailing various types of research within each category. Additionally, it outlines the marketing research process in six steps, from defining the problem to presenting the report.
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0% found this document useful (0 votes)
2 views16 pages

Marketing Research: Definitions & Phases

The document provides an overview of marketing research, defining it as the systematic process of identifying, collecting, analyzing, and disseminating information to improve decision-making in marketing. It classifies marketing research into problem-identification and problem-solving categories, detailing various types of research within each category. Additionally, it outlines the marketing research process in six steps, from defining the problem to presenting the report.
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

Chapter 1

Introduction and Early Phases of


Marketing Research
Redefining Marketing Research

The American Marketing Association


(AMA) redefined Marketing Research as:

The function that links the consumer, the


customer, and public to the marketer
through INFORMATION
Redefining Marketing Research
Used to identify and
define market
opportunities and
problems
Generate, refine, and
evaluate marketing
performance
Monitor marketing
performance

Improve understanding
of marketing as a
process
Definition of Marketing Research
Marketing research is the systematic and
objective
§ identification
§ collection
§ analysis
§ dissemination
§ and use of information
For the purpose of improving decision making
related to the
§ identification and
§ solution of problems and opportunities in marketing
Group Discussion
• Read the Real Research: Boeing – Taking Flight (E-book Marketing Research: An

Applied Orientation, pg. 38, 39)

• Discuss in group these following questions:

1. What is the background info about Boeing Company?

2. What is the problem or gap that leads to research marketing?

3. What are the aims of the research/study?

4. How can the researchers enhance the validity and reliability of the research?

5. What are the research findings in general?

6. What are the research methods and who are the participants?

7. What are key findings of the study in specific?

8. What are the impacts of the study's insight? what benefits are drawn from the

research insights?
Market Research
• Specifies the information necessary to address
these issues
• Manages and implements the data collection
process
• Analyzes the results
• Communicates the findings and their implications
• Helps managers use this information to make
decisions
Classification of Marketing Research
Problem-Identification Research
• Research undertaken to help identify problems which are not
necessarily apparent on the surface and yet exist or are likely
to arise in the future.
Examples: market potential, market share, image, market
characteristics, sales analysis, forecasting, and trends research.

Problem-Solving Research
• Research undertaken to help solve specific marketing
problems.
Examples: segmentation, product, pricing, promotion, and
distribution research.
A Classification of Marketing Research
Marketing Research

Problem Problem-Solving
Identification Research Research

Market Potential Research Segmentation Research


Market Share Research Product Research
Market Characteristics Research
Pricing Research
Sales Analysis Research
Forecasting Research Promotion Research
Business Trends Research Distribution Research
Problem-Solving Research
SEGMENTATION RESEARCH
§ Determine the basis of segmentation
§ Establish market potential and
responsiveness for various
segments PRODUCT RESEARCH
§ Select target markets § Test concept

§ Create lifestyle profiles: § Determine optimal product design


demography, media, and § Package tests
product image characteristics
§ Product modification
§ Brand positioning and repositioning
§ Test marketing
§ Control score tests
Problem-Solving Research
PROMOTIONAL RESEARCH
§ Optimal promotional budget
0.00% APR § Sales promotion relationship
§ Optimal promotional mix
§ Copy decisions
§ Media decisions
§ Creative advertising testing
§ Evaluation of advertising effectiveness
PRICING RESEARCH § Claim substantiation
§ Pricing policies
§ Importance of price in brand selection
§ Product line pricing
§ Price elasticity of demand
§ Initiating and responding to price changes $ALE
Problem-Solving Research
DISTRIBUTION RESEARCH

Determine…
§ Types of distribution
§ Attitudes of channel members
§ Intensity of wholesale & resale coverage
§ Channel margins
§ Location of retail and wholesale outlets
Marketing Research Process

Step 1: Defining the Problem

Step 2: Developing an Approach to the Problem

Step 3: Formulating a Research Design

Step 4: Doing Field Work or Collecting Data

Step 5: Preparing and Analyzing Data

Step 6: Preparing and Presenting the Report

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