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Chapter 4- slide 1Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
I t ’s good and good for you
Chapter Four
Managing Marketing Information to Gain Customer Insights
Chapter 4- slide 2Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Case – Dosage Preference
Market Insights – Attitudes & Behaviors of Doctors Continued..
Chapter 4- slide 3Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Case – Dosage Preference
• Doctors in African countries tend to give higher dosages particularly of antibiotics. They provide the rationale that their body structure and weight is higher than other nations. However, in many instances the dosage are not according to the recommended mg/Kg body weight regimen.
• On the contrary, doctors in Vietnam, Cambodia, Sri Lanka tend to prefer lower dosage. The rationale again being the lower body weight of these nation. However, often the doses are under the recommended regimen.
• Brand Managers treats “perception as reality” and following “out-side in thinking” provide higher strength/SKU in African market & lower in Sri Lanka, Vietnam & Cambodia.
Chapter 4- slide 4Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
MINDS ARE INSECURE“HERD MENTALITY”
Chapter 4- slide 5Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
For Customer Insights You Need Mindset Rather Than
Financial Resources
Chapter 4- slide 6Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Chest Conference at Chennai
• During that period there was a shift of TB treatment from combination of two ingredients to combination of multiple medicine.
• Top chest physicians of India were available for 3 days.
Chapter 4- slide 7Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
MNC - Sponsored $
Small Local Firm - Registered
Conducted exploratory research on Doctors’ attitude regarding multiple ingredient combination.
On the basis of findings, launched 2 new products.
Became forerunner in TB sub-category.
Chapter 4- slide 8Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Market Insights
What are the attitudes & behaviors of patients towards seeking treatment, compliance, purchasing power, brand and competitors?
Chapter 4- slide 9Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Chapter 4- slide 10Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
MINDS DON’T CHANGE - EASILY
Chapter 4- slide 11Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Attitude & Behavior of Patients towards…
Chapter 4- slide 12Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Attitude & Behavior of Patients towards…
CaC 1000 1.4 bnSurbex Z 0.8 bn
Chapter 4- slide 13Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Panadol Target Market Case
Chapter 4- slide 14Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Panadol - Guatemala
• Insights, Strategy And The Idea: The objective was to position panadol ultra in rural areas of guatemala.
• Most of the population is comprised of women from mayan descent with high levels of illiteracy, as the brand that eliminates headaches.
• Audience who couldn’t read or write.
Chapter 4- slide 15Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Panadol - Guatemala
• Visual representation of the benefit• Medium that would feel natural to them,
something habitual in their daily lives; carrying things on their head.
• Sponge in the shape of a panadol ultra pill, to be used as a cushion and help them reduce the discomfort and headaches.
• Women became walking ads for panadol ultra.
Chapter 4- slide 16Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Panadol - Guatemala
• Results: The sales of panadol ultra increased by 45% in the targeted rural areas, becoming the only brand that has been able to conquer a market that until then had been impossible to penetrate.
Chapter 4- slide 17Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Know the Market
• Market Size & Growth Rate• Therapeutic Category Size & Growth Rate• Number of Patients (IMS Blue Book)• Absolute & Relative Market Potential• Prescription Trends (IMS Blue Book)• Brand Share & Growth Rate• Key Competitor’s Share & Growth Rate
Chapter 4- slide 18Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Role of Market Research
• Secondary Research (Internet, Public Info, etc)
• Syndicated Research (IMS, Sals, etc)• Primary Research:
– Third Party Research Firm (AC Neilson, etc)– Through Sales Team
Chapter 4- slide 19Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
WHAT PHYSICIANS THINK OF VARIOUS BRANDS IN A CATEGORY
PERCEPTUAL MAPPING
Chapter 4- slide 20Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Chapter 4- slide 21Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Corporate Brands Perceptual Map
GSKPfizer
Abbot
NovartisSanofi Aventis
Getz
Sami
Roche
MerckHilton
QUALITY
COST -VE
COST +VE
Chapter 4- slide 22Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Genera
l
Qualit
y
Availabili
ty
Cost-Effe
ctiveness
Academic
-Focus
Ethic
sR&D
Corporate Perceptual Map
GSKAbbottGetzSamiHilton
Chapter 4- slide 23Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
High Quality
High Price
Low Quality
Low Price Ruling IV
Omezol IV Teph IV
Noctis IV
Helezol IV
Omega IV
Opepzol IV
Ranulcid IV
Purple IV
Zopent
Esorid
Chapter 4- slide 24Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Perceptual Map Anti-Ulcerants
Chapter 4- slide 25Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Perceptual Map – Rocephin & Competitors
Physician Ranking of Attributes
Very
good Good
Satisfactory
Non-satisfactory
Efficacy
Safety
Patient adherence to therapy
Innovativeness
Company image
Cost
*
Rocephin
Claforan
Oxidil
Rocephin perceived to be “Very Good” across all 5 attributes followed by Claforan and Oxidil
Source: KOL feedback through Survey
Cefxone
Key Points
Chapter 4- slide 26Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Chapter 4- slide 27Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
LIKERT SCALE
Chapter 4- slide 28Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Chapter 4- slide 29Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Learning Objectives
• Marketing Information and Customer Insights• Assessing Marketing Information Needs• Developing Marketing Information• Marketing Research• Analyzing and Using Marketing Information• Other Marketing Information Considerations
Topic Outline
Chapter 4- slide 30Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Marketing Information and Customer Insights
• Fresh and deep insights into customers needs and wants
• Difficult to obtain– Not obvious– Customer’s unsure of their behavior
• Better information and more effective use of existing information
Customer Insights are:
Chapter 4- slide 31Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Marketing Information and Customer Insights
• Companies are forming customer insights teams– Include all company functional
areas– Collect information from a
wide variety of sources– Use insights to create more
value for their customers
Customer Insights
Chapter 4- slide 32Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Marketing Information and Customer Insights
Marketing information system (MIS) consists of people and procedures for:
– Assessing the information needs– Developing needed information– Helping decision makers use the information
for customer
Marketing Information Systems (MIS)
Chapter 4- slide 33Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Marketing Information System
Chapter 4- slide 34Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Assessing Marketing Information Needs
MIS provides information to the company’s marketing and other managers and external partners such as suppliers, resellers, and marketing service agencies
Chapter 4- slide 35Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Assessing Marketing Information Needs
• Balancing what the information users would like to have against what they need and what is feasible to offer
Characteristics of a Good MIS
User’s Needs
MIS Offerings
Chapter 4- slide 36Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Internal data
Marketing intelligence
Marketing research
Marketers obtain information from
Chapter 4- slide 37Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Internal databases are electronic collections of consumer and market information obtained from data sources within the company network
Internal Data
Chapter 4- slide 38Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
The systematic collection and analysis of publicly available information about consumers, competitors
and developments in the marketplace
Competitive Marketing Intelligence
Chapter 4- slide 39Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Marketing Research
• Marketing research is the systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization
Chapter 4- slide 40Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Steps in the Marketing Research Process
Chapter 4- slide 41Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Marketing ResearchDefining the Problem and Research Objectives
Exploratory research
Descriptive research
Causal research
Chapter 4- slide 42Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
• Outlines sources of existing data
• Spells out the specific research approaches, contact methods, sampling plans, and instruments to gather data
Marketing ResearchDeveloping the Research Plan
Chapter 4- slide 43Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Management problem
Research objectives
Information needed
How the results will help management decisions
Budget
Marketing ResearchWritten Research Plan Includes:
Chapter 4- slide 44Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Secondary data consists of information that already exists somewhere, having been collected for another purpose
Marketing ResearchDeveloping the Research Plan
Chapter 4- slide 45Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing InformationSecondary Data
Advantages
Cost
Speed
Could not get data otherwise
Disadvantages
Current
Relevant
Accuracy
Impartial
Chapter 4- slide 46Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Primary data consists of information gathered for the special research plan
Marketing ResearchDeveloping the Research Plan
Chapter 4- slide 47Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Planning Primary Data Collection
Research approaches
Contact methods
Sampling plan
Research instruments
Marketing Research
Chapter 4- slide 48Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Observational research involves gathering primary data by observing relevant people, actions, and situations
Ethnographic research involves sending trained observers to watch and interact with consumers in their natural environment
Market ResearchResearch Approaches
Chapter 4- slide 49Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Survey research is the most widely used method and is best for descriptive information—knowledge, attitudes, preferences, and buying behavior
• Flexible• People can be unable or unwilling to answer• Gives misleading or pleasing answers• Privacy concerns
Market ResearchResearch Approaches
Chapter 4- slide 50Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Experimental research is best for gathering causal information—cause-and-effect relationships
Market ResearchResearch Approaches
Chapter 4- slide 51Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Strengths and Weakness of Contact MethodsMail Telephone Personal Online
Flexibility Poor Good Excellent Good
Quantity of data collected
Good Fair Excellent Good
Control of interviewer effects
Excellent Fair Poor Fair
Control of sample
Fair Excellent Good Excellent
Speed of data collection
Poor Excellent Good Excellent
Response rate Poor Poor Good Good
Cost Good Fair Poor Excellent
Chapter 4- slide 52Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
• Focus Groups– Six to 10 people– Trained moderator– Challenges
• Expensive• Difficult to generalize from small group• Consumers not always open and honest
Marketing ResearchContact Methods
Chapter 4- slide 53Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Online marketing research
Internet surveys
Online panels
Online experiments
Click-stream data
Online focus
groups
Marketing Research Contact Methods
Chapter 4- slide 54Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Advantages
• Low cost• Speed• Higher response rates• Good for hard to reach groups
Marketing Research Online Research
Chapter 4- slide 55Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Sample is a segment of the population selected for marketing research to represent the population as a whole– Who is to be studied?– How many people should be studied?– How should the people be chosen?
Marketing ResearchSampling Plan
Chapter 4- slide 56Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Probability Sample
Simple random sample Every member of the population has a known and equal chance of selection
Stratified random sample
The population is divided into mutually exclusive groups and random samples are drawn from each group
Cluster (area) sample The population is divided into mutually exclusive groups and the researcher draws a sample
Nonprobability Sample
Convenience sample The research selects the easiest population members
Judgment sample The researcher uses their judgment to select population members
Quota sample The researcher finds and interviews a prescribed number of people in each of several categories
Marketing Research Sampling Plan – Types of Samples
Chapter 4- slide 57Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Marketing ResearchResearch Instruments
Questionnaires
• Most common• Administered in person, by phone,
or online• Flexible• Research must be careful with
wording and ordering of questions
Chapter 4- slide 58Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
• Closed-end questions include all possible answers, and subjects make choices among them– Provide answers that are easier to interpret
and tabulate• Open-end questions allow respondents to
answer in their own words– Useful in exploratory research
Marketing ResearchResearch Instruments—Questionnaires
Chapter 4- slide 59Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Mechanical devices
People meters
Checkout scanners
Neuro-
marketing
Marketing ResearchResearch Instruments
Chapter 4- slide 60Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Developing Marketing Information
Collecting the information
Processing the information
Analyzing the information
Interpret findings
Draw conclusions
Report to management
Marketing ResearchImplementing the Research Plan
Chapter 4- slide 61Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Analyzing and Using Marketing Information
Managing detailed information aboutindividual customers and carefullymanaging customer touch points tomaximize customer loyalty.
Customer Relationship Management (CRM)
Chapter 4- slide 62Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Analyzing and Using Marketing Information
Customer purchases
Sales force contacts
Service and support
calls
Web site visits
Satisfaction surveys
Credit and payment
interactions
Research studies
Customer Relationship ManagementTouchpoints
Chapter 4- slide 63Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Distributing and Using Marketing Information
Information distribution involves entering information into databases and making it available in a time-useable manner
• Intranet provides information to employees and other stakeholders
• Extranet provides information to key customers and suppliers
Chapter 4- slide 64Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall
Other Marketing Information Considerations
Marketing Research in Small Businesses and Nonprofit Organizations
International Market Research
Public Policy and Ethics
• Customer privacy• Misuse of research findings