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CHAPTER 3: The Marketing Research Process and Proposals ESSENTIALS ESSENTIALS OF MARKETING RESEARCH OF MARKETING RESEARCH Hair/Wolfinbarger/Ortinau/Bush Hair/Wolfinbarger/Ortinau/Bush

CHAPTER 3: The Marketing Research Process and Proposals

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CHAPTER 3: The Marketing Research Process and Proposals. ESSENTIALS OF MARKETING RESEARCH Hair/Wolfinbarger/Ortinau/Bush. Information Research Process. Information research process is the systematic task steps in the gathering, analyzing, interpreting, and transforming - PowerPoint PPT Presentation

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Page 1: CHAPTER 3:  The Marketing Research Process and Proposals

CHAPTER 3: The Marketing Research Process and Proposals

ESSENTIALSESSENTIALS OF MARKETING RESEARCHOF MARKETING RESEARCHHair/Wolfinbarger/Ortinau/BushHair/Wolfinbarger/Ortinau/Bush

Page 2: CHAPTER 3:  The Marketing Research Process and Proposals

2-2Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Information Research Process

Information research process is the systematic task steps in the gathering,

analyzing, interpreting, and transforming of data structures and results into

decision-making information

Page 3: CHAPTER 3:  The Marketing Research Process and Proposals

2-3Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Determining the Need for Research Process

“Can the decision-making problem or question be solved

based on past experience and

managerial judgment?”

Page 4: CHAPTER 3:  The Marketing Research Process and Proposals

2-4Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Situations when research might not be needed

Information already availableInsufficient time framesInadequate resourcesCosts outweigh value

Page 5: CHAPTER 3:  The Marketing Research Process and Proposals

2-5Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Exhibit 2.2 Phases of the Information Research Process

Phase IDetermine the Research Problem

Phase IDetermine the Research Problem

Phase IISelect Appropriate Research Design

Phase IISelect Appropriate Research Design

Phase IIIExecute the Research Design

Phase IIIExecute the Research Design

Phase IVCommunicate the Research Results

Phase IVCommunicate the Research Results

Page 6: CHAPTER 3:  The Marketing Research Process and Proposals

2-6Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Scientific Method

Logical

Objective

Systematic

Reliable

Valid

Ongoing

Page 7: CHAPTER 3:  The Marketing Research Process and Proposals

2-7Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Step 1. Identify and clarify information needs Step 1. Identify and clarify information needs

Step 2. Define the research problem and questions

Step 2. Define the research problem and questions

Step 3. Specify research objectives and confirm information value

Step 3. Specify research objectives and confirm information value

Phase I. Determine the Research Problem

Page 8: CHAPTER 3:  The Marketing Research Process and Proposals

2-8Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Step 1: Identify and clarify information needs

Purpose of the research requestUnderstand the complete problem

situationIdentify and separate out symptomsDetermine the unit of analysisDetermine the relevant variables

Page 9: CHAPTER 3:  The Marketing Research Process and Proposals

2-9Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Exhibit 2.5 The Iceberg Principle

Page 10: CHAPTER 3:  The Marketing Research Process and Proposals

2-10Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Step 2: Define the Research Problem and Questions

Initial research question

Redefined research questions

Page 11: CHAPTER 3:  The Marketing Research Process and Proposals

2-11Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Step 3: Specify Research Objectives and Confirm Information Value

Can the information be collected at all?Can the information tell the decision maker

something not already known?Will the information provide significant

insights?What benefits will be delivered by this

information?

Page 12: CHAPTER 3:  The Marketing Research Process and Proposals

2-12Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Step 4. Determine the research design and data sources

Step 4. Determine the research design and data sources

Step 5. Develop the sampling design and sample size

Step 5. Develop the sampling design and sample size

Step 6. Examine measurement issues and scales

Step 6. Examine measurement issues and scales

Phase II. Select the Research Design

Step 7. Design and pretest the questionnaire Step 7. Design and pretest the questionnaire

Page 13: CHAPTER 3:  The Marketing Research Process and Proposals

2-13Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Causal Causal ResearchResearchCausal Causal

ResearchResearch

Step 4: Determine the Research Design

Descriptive Descriptive ResearchResearch

Exploratory Exploratory Research Research

Page 14: CHAPTER 3:  The Marketing Research Process and Proposals

2-14Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Step 5: Develop the Sampling Design and Sample Size

Identify the relevant defined target population by either:conducting a census of all members, orselecting a subgroup

Develop a probability or non-probability sampling plan

Determine how many people need to be investigated

Page 15: CHAPTER 3:  The Marketing Research Process and Proposals

2-15Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Step 6. Examine Measurement Issues and Scales

Level of information neededReliability and validity of informationDevelopment of reliable and valid scale

measurementDimensions underlining critical factorsSingle or multi-item measures used to collect

data

Page 16: CHAPTER 3:  The Marketing Research Process and Proposals

2-16Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Step 7: Design and Pretest Questionnaire

Questionnaires can be pretested in a usability lablike this one

Page 17: CHAPTER 3:  The Marketing Research Process and Proposals

2-17Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Step 8. Collect and prepare data Step 8. Collect and prepare data

Step 9. Analyze data Step 9. Analyze data

Step 10. Interpret data to create knowledge Step 10. Interpret data to create knowledge

Phase III. Execute the Research Design

Page 18: CHAPTER 3:  The Marketing Research Process and Proposals

2-18Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Phase IV. Communicate the Research Results

Step 11. Prepare and present final report Step 11. Prepare and present final report

Executive SummaryExecutive Summary

IntroductionIntroduction

Problem Definition & ObjectivesProblem Definition & Objectives

MethodologyMethodology

Results, Findings, Limitations of StudyResults, Findings, Limitations of Study

Page 19: CHAPTER 3:  The Marketing Research Process and Proposals

2-19Copyright © 2008 by the McGraw-Hill Companies, Inc. All rights reserved.Hair/Wolfinbarger/Ortinau/Bush, Essentials of Marketing Research 1e © McGraw-Hill/Irwin2008

Research proposal outline

Purpose of proposed research projectType of studyDefinition of target population and sample

sizeSample design and data collection methodSpecific research instrumentsPotential managerial benefits Proposed cost for total projectProfile of research companyOptional dummy tables of projected results