introduction to marketing research mar 6648: marketing research january 4, 2010
TRANSCRIPT
Introduction to Marketing Research
MAR 6648: Marketing ResearchJanuary 4, 2010
Welcome!
• Today’s agenda:– Introduce ourselves!– Go over the syllabus– Get our feet wet
So what is Marketing Research?• A vague, official definition:– “Marketing Research is the function that links the
consumer, customer, and public to the marketer through information”
• Basically, figuring out what consumers want and expect from your company
• This information is used to:– Identify and define marketing opportunities and
problems– Generate, refine, and evaluate marketing actions– Monitor marketing performance
The Marketing Research Industry
• A $12 billion industry• Biggest marketing research company:– The Nielsen Company ($5B)—they do more than
TV
• Large CPG companies have internal research departments
• Marketing Research skills are always in high demand by organizations
Marketers and Marketing Researchers
CompetitionCompetitionCustomersCustomers Company & environmentCompany &
environment CustomersCustomers CompetitionCompetition Company & environmentCompany &
environment
Marketing Researche
r
Marketing Researche
r
Marketing Decision Maker
Marketing Decision Maker
Marketing Decision
Maker/Research
Marketing Decision
Maker/Research
Traditional Emerging
The Marketing Planning Process
Marketing Strategy
Marketing Strategy
Marketing Program
Marketing Program EvaluationEvaluation
Market Situation Analysis
Market Situation Analysis
Product AnalysisProduct Analysis
Assess Opportunities &
Threats
Assess Opportunities &
ThreatsTargetingTargeting
SegmentationSegmentation
PositioningPositioning
Marketing MixMarketing Mix Plan Refinement
Plan Refinement
Customer Analysis
Customer Analysis
Competitor Analysis
Competitor Analysis
Company Analysis
Company Analysis
Price AnalysisPrice Analysis
Promotion Analysis
Promotion Analysis
Distribution Analysis
Distribution Analysis
Performance Monitoring
Performance Monitoring
Customer SatisfactionCustomer
Satisfaction
Decision
Analysis & Research
Qualitative Research
• Usually done to get a feel for a problem before really digging in analytically– Projective techniques– Individual Interviews– Focus groups and group interviews– Ethnographic consumer research
Quantitative Research
• More systematic investigation of quantitative properties and their relationships– Descriptive research• Syndicated data sources• Surveys and attitude measurement• Statistical techniques
– Causal research• Experimentation
Technology and Marketing Research
• New technology means new techniques• Some “traditional” approaches– Focus groups– Design questionnaires and sample a set of your
customers– Recall tests– Phone interviews
Technology and Marketing Research
• Some modern approaches– Use customer databases to analyze customer
behavior• Frequent shopper databases• Direct Mail Databases
– Monitor web discussion forums– Monitor social networks, blogs, etc.
Technology and Marketing Research
• Some really modern approaches– Forecasting• Track downloads and other activity on peer-to-peer
file-sharing networks• Prediction markets
– Live tracking of customer behavior• TiVo• RFID
The Four Ps
• Product
• Price
• Place
• Promotion
Some key lessons to anticipate• Modern marketing research is much more than
focus groups!• Marketing research is an integral part of the
Marketing Planning Process• The best managers use marketing research as a
key tool in decision making• The future/the present: Marketing research and
marketing will be intertwined• Maybe the most important class you’ll take in
marketing!
What this class will do (I hope!)
• Convince you that Marketing Research is fun, cool, and invaluable
• Add a variety of Marketing Research techniques to your toolbox
• Help you identify, think through, and solve marketing problems
Summary
• Marketing Research is vital to the success of any firm
• There are many tools in a Marketing Researcher’s toolbox—let’s add to them!
• Welcome to class!