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Martin Reichmuth MaRe Deutsch 25 Karten

Who provides market research?

Karten in diesem Stapel (25)

  1. 13 Main topics of MaRe1. Generating: Insights to concepts
    2. Developing: Concept to Product
    3. Monitoring: Product to Money
  2. 2MaRe DefinitionThe systematic gathering & interpretation of infos about individuals or organizations
    using statistical & analytical methods & techniques of the applied social sciences
    to gain insight or support decision making.
  3. 3Different types of MaRe- Ad hoc
    (to deal with a specific issue)
    - Programmatic
    (returning research ,e.g. for monthly reports on customer satisfaction)
  4. 4When to conduct MaRe & when not- conduct if there is uncertainty about what to do. balance uncertainty vs costs of conducting market research.
    -Never conduct if decision is already
    made or needs to be
    taken at an instant.
  5. 5Complementary approaches to MaRe- Research Projects
    - Information Systems
  6. 6Complementary approaches to MaRe Research Projects- Executed to address specific problems
    - short term initiatives; infrequently
    - Attitudinal infos ( emotions, awareness, reputaion): subjectivity infos CRM can't provide
  7. 7Complementary approaches to MaRe Information Systems• Continuous monitoring of consumers & market behavior
    • All customer actions stored in databases (purchases, inquiries, promotional extensions)
    • called CRM(Customer Relationship Management) systems
    • possible early warning system
  8. 8Who provides market research?Who provides market research?
  9. 9Sources of MaRe Problems (1. Step: Identify)- Unanticipated change
    - Planned change
    - Serendipity
    => possible chance & Problem
  10. 10Sources of MaRe Problems Unanticipated change• In external environment
    (new technologies, change in lifestyle of customers)
    • In internal environment
    (losing market share)
  11. 11Sources of MaRe Problems planned change• Growth plans
    - new products, services
    –more effective pricing and advertising
    – market research helps assess the feasibility of alternatives)
  12. 12Sources of MaRe Problems Serendipity• Chance ideas
    (from R&D, Sales, customers, complaint letters)
  13. 13Market researchers need to look below the surface1. Communication between manager & researcher
    2. Avoid confusing problems with symptoms
    3. Balance exploratory research and more specific types of research
    => solve problems not symptoms
  14. 14Marketing Manager (Formulate the research problem)• What information would help the decision maker?
    • What are the constraints on the decision makers actions?
    => improve an existing product
  15. 15Market Researcher (Formulate the research problem)• Translate the decision problem into a research problem.
    • Make sure that the real decision problems are addressed
    (not just the symptoms)
    => evaluate prospective enhancements
  16. 16Research Design What is it?- Plan for study
    - used as a guide in collecting & analyzing data
  17. 17Research Design What is its use?- ensure the problem is relevant to the problem
    - helps to limit & project the cost
  18. 18Determine the research design- Ambiguous problems:
    Exploratory Research
    - Somewhat defined problems:
    Descriptive Research
    - Clearly defined problems:
    Casual Research
  19. 19Ambiguous problems Exploratory Research Application- Generate Hypothesis
    - Develop measure Instruments
    - Understand Structure
  20. 20Ambiguous problems Exploratory Research Methods• Literature search
    • Focus groups
    • Personal interviews
    • Observational studies
    • Ethnographic studies
  21. 21Somewhat defined problems: Descriptive Research Application• Understand market size
    • Segmentation
    • Measure achievement, satisfaction etc.
  22. 22Somewhat defined problems: Descriptive Research Methods• One-time survey
    • Longitudinal survey
    • Panel studies
  23. 23Clearly defined problems: Casual Research Application• Confirm and quantify correlation
    • Simulate change in marketing mix
  24. 24Clearly defined problems: Casual Research Methods• Laboratory studies
    • Field studies
    (incl. test markets)
    • Designs with a high control of the independent variable
  25. 25Steps in MaRe process1. Identify and Formulate the Research Problem
    2. Research Design
    3. Research Implementation

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Beschreibung
MaRe Karteikarten am 1, erstellt von Martin Reichmuth am 27/10/2018.
Erstellt von
Martin Reichmuth
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