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Market Research : Doing it Right Way

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Page 1: Market Research : Doing it Right Way
Page 2: Market Research : Doing it Right Way

WHAT ISMARKETING RESEARCH ?

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Systematic design

Collection Analysis Reporting of data

and findings

MAREKETING RESEARCH IS

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MARKETING RESEARCH PROCESS INVOLVES...

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DEFINING THE PROBLEM OBJECTIVES

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DEVELOP THE RESEARCH PLAN

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COLLECTING INFORMATION

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ANALYSE THE INFORMATION

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PRESENTING THE FINDING

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MAKING THE DECISION

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Developing the Research Plan

1. Data Sources

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Developing the Research Plan

1. Data Sources

2. Research instruments

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Developing the Research Plan

1. Data Sources

2. Research instruments

3. Research approach

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Developing the Research Plan

1. Data Sources

2. Research instruments

3. Research approach

4. Sampling plan

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Developing the Research Plan

1. Data Sources

2. Research instruments

3. Research approach

4. Sampling plan

5. Contact methods

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Researchers can gather:

Primary Data

Secondary Data

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FOCUSSED GROUP

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OBSERVATION

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SURVEY RESEARCH

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BEHAVIORAL DATA &EXPERIMENTATION

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The following research instruments are used to collect data:

Questionnaires

Qualitative Measures

Technological Devices

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Some popular Qualitative Research approaches are…

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.

Word associationProjective techniques

Visualization

Brand Personification

Laddering

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Sampling Plan decisions

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1) Sampling plan unit: Who should we survey?

2) Sample size: How many people should we survey

3) Sampling procedure: How should we choose the respondents?

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CONTACT METHODS

TELEPHONE

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CONTACT METHODS

PERSONAL INTERVIEW

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CONTACT METHODS

Mail Questionnaire

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CONTACT METHODS

ONLINE RESEARCH

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Characteristics of good marketing research

SCIENTIFIC OBSERVATION

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Characteristics of good marketing research

RESEARCH CREATIVITY

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Characteristics of good marketing research

MULTIPLE METHODS

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Characteristics of good marketing research

INTERDEPENCE OF DATAAND GRAPH

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Characteristics of good marketing research

FINANCIAL INFORMATION

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Characteristics of good marketing research

ETHICAL MARKETING

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Characteristics of good marketing research

HEALTHY SKEPTISM

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JEET PAREKH

Created by --

Indian Institute of Technology ,Banaras Hindu University Varanasi

Linkedin :https://in.linkedin.com/pub/jeet-parekh/54/b10/51b

During an Internship by --

Prof. Sameer Mathur

Indian Institute of Management ,Lucknow

(www.IIMintenship.com)