defining the marketing research problem and developing an approach
DESCRIPTION
Defining the Marketing Research Problem and Developing an Approach. The Marketing Research Process. 1 • Defining the problem and research objectives: Helps to know what you are looking for! Can be the most difficult step in the process Need to distinguish between symptoms and problems. - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/1.jpg)
Defining the Marketing Research Problem and Developing an Approach
![Page 2: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/2.jpg)
The Marketing Research Process
1 • Defining the problem and research objectives:– Helps to know what you are looking for!– Can be the most difficult step in the process– Need to distinguish between symptoms and
problems
![Page 3: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/3.jpg)
• Process begins with the recognition of a marketing problem or opportunity:– Marketing Problem: Set of circumstances in
a market and/or in the company that requires modified or new marketing strategy to respond in a way that will maintain or improve performance.
– Market Opportunity: Set of circumstances in a market that defines a situation in which a company can improve performance by creating modified or new marketing strategy.
Defining the Problem and Objectives
![Page 4: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/4.jpg)
Step 1: Define the problem and the research objectives
Marketing researcher must be careful not to define the problem too broadly or too narrowly for the marketing research.
![Page 5: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/5.jpg)
Defining the Research Problem
•Problem definition is a broad statement of the general marketing research problem and identification of its specific components.
This process involves the following steps:
![Page 6: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/6.jpg)
The Problem Definition Process
DiscussionwithDecision Maker(s)
Interviewswith Experts
SecondaryData Analysis
QualitativeResearch
Management Decision Problem
Marketing Research Problem
Tasks Involved
Environmental Context of the Problem
Step I: Problem Definition
Step II: Approach to the Problem
Objective/ Theoretical
Foundations
ResearchQuestions
Hypotheses
Step III: Research Design
Analytical Model: Verbal, Graphical, Mathematical
SpecificationofInformationNeeded
![Page 7: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/7.jpg)
Process of defining the problem
Tasks Involved:
•Discussion with decision makers
•Interviews with experts
•Analysis of secondary data
•Qualitative research
![Page 8: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/8.jpg)
Problem Definition: Task Involved1-Discussion with decision makers:
The researcher needs to understand the
nature of what decision managers face-the
management problem- and what they hope
to learn from the research.
![Page 9: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/9.jpg)
The Problem AuditThe problem audit is a comprehensive examination of a marketing problem with the purpose of understanding its origin and nature.1. The events that led to the decision that action is needed, or the history of the problem. 2. The alternative courses of action available to the DM. 3. The criteria that will be used to evaluate the
alternative courses of action.4. The potential actions that are likely to be suggested based on the research findings. 5. The information that is needed to answer the DM's questions. 6. The manner in which the DM will use each item of information in making the decision.
7. The corporate culture as it relates to decision making.
![Page 10: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/10.jpg)
Problem Definition: Task Involved•2- Interviews with Industry Experts:Interviews with industry experts,
individuals knowledgeable about the firm and the industry, may help formulate the marketing research problem.
•They can be found inside or outside the firm.
![Page 11: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/11.jpg)
Problem Definition: Task Involved•3- Secondary data analysis:•Secondary data are data collected for
some purpose other than the problem in hand.
•They include information made available by business and government sources, commercial marketing research firms and computerized databases.
•Analysis of available secondary data is an essential step in the problem definition process
![Page 12: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/12.jpg)
Problem Definition: Task Involved4- Qualitative research•It is an unstructured, exploratory
research methodology based on small samples intended to provide insight and understanding of the problem setting and may utilize popular qualitative techniques such as focus groups and depth interviews.
![Page 13: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/13.jpg)
Management decision problem and marketing research problem
•The management decision problem is action oriented.
•It is concerned with the possible actions the decision-maker can take.
•How should the loss of market share be arrested?
•Should the market be segmented differently?• Should a new product be introduced?
![Page 14: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/14.jpg)
Management decision problem and marketing research problem
•The marketing research problem is information oriented.
•It involves determining what information is needed and how that information can be obtained effectively and efficiently.
• for example, the loss of market share for a particular product line. The management decision problem is how to recover this loss.
•Alternative courses of action include: •modifying existing products•introducing new products•changing other elements in the marketing
mix.
![Page 15: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/15.jpg)
Management decision problem and marketing research problem
•Suppose the decision-maker and the researcher believe that the problem is caused by inappropriate segmentation of the market and wanted research to provide information on this issue.
•The research problem would then become the identification and evaluation of an alternative basis for segmenting the market.
![Page 16: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/16.jpg)
Management Decision Problem Versus the Marketing Research Problem
Management Decision Problem
Marketing Research Problem
Asks what the decision maker needs to do
Asks what information is needed and how it should be obtained
Action orientedInformation oriented
Focuses on symptomsFocuses on the underlying causes
![Page 17: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/17.jpg)
Management Decision Problem Vs. Marketing Research Problem
Management Decision Problem Marketing Research Problem
Should a new product be To determine consumer
preferencesIntroduced in Foreign market? and purchase intentions for
theproposed new product.
Should the advertising To determine the effectivenesscampaign be changed in foreign market? of the current
advertisingcampaign.
Should the price of the To determine the price
elasticitybrand be increased in Middle East? of demand and the impact on
salesand profits of various levels of price changes.
![Page 18: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/18.jpg)
Defining the marketing research problem
The general rule to be followed in defining the research problem is that the definition should:
•Allow the researcher to obtain all the information needed to address the management decision problem
•Guide the researcher in proceeding with the project.
![Page 19: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/19.jpg)
Proper Definition of the Research Problem
Marketing Research Problem
Broad Statement
Specific Components
![Page 20: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/20.jpg)
Developing an Approach
Objective Analytical Model Research Questions Specification of the Information
Needed
![Page 21: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/21.jpg)
Models
An analytical model is a set of variables and their interrelationships designed to represent, in whole or in part, some real system or process.
In verbal models, the variables and their relationships are stated in prose form. Such models may be mere restatements of the main tenets of a theory.
![Page 22: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/22.jpg)
ModelsExample: Verbal model:•A consumer first becomes aware of a our
agents. That person then gains an understanding of the product by evaluating the product in terms of the factors making up the choice criteria. Based on the evaluation, the consumer forms a degree of preference for the product. If preference is strong enough, the consumer will take a decision.
![Page 23: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/23.jpg)
Graphical ModelsGraphical models are visual. They are used toisolate variables and to suggest directions ofrelationships but are not designed to providenumerical results.
Preference
Understanding/ evaluation
Awareness
![Page 24: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/24.jpg)
Mathematical ModelsMathematical models explicitly specify
therelationships among variables, usually inequation form.
Wherey = degree of preference
= model parameters to be estimated statistically
n
iii xaay
10
aa i,0
![Page 25: Defining the Marketing Research Problem and Developing an Approach](https://reader036.vdocuments.mx/reader036/viewer/2022070401/56813697550346895d9e2569/html5/thumbnails/25.jpg)
Research Questions
•Research questions (RQs) are refined
statements of the specific components of
the problem.