Session 3 (1)
Session 3 (1)
Session 3 (1)
Marketing Research
Marketing Research
Primary Secondary
Data Sources
Primary Data
Secondary Data
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• Can be a valuable source of new ideas that can be explored later through
primary research
• Helps to define the problem and formulate hypotheses about its solution
Benefits Limitations
• Low cost • Collected for some other purpose
• Less effort • No control over data collection
• Less time • May not be accurate
• Sometimes more accurate • May not be in correct form
• Sometimes only way to • May be outdated
obtain data • May not meet data requirements
• Assumptions have to be made
In some cases secondary data can be more accurate than primary data.
- For example, if a company wants information on the sales, profits, and so forth, of other companies, it can
get more reliable and accurate information from government-released sources, trade associations, or
general business sources than from the companies themselves.
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• Demand Estimation
• Developing a Business
Intelligence System
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1. Data Accuracy
2. Comparability of Data
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Interactive Forms
Online Panels
Email Surveys
• Advantages
↑ Greater speed of delivery of questionnaires
↑ Higher speed of delivering responses and feedback
↑ Cost-savings benefits over regular mail surveys
↑ No intermediaries
↑ Asynchronous communication
• Disadvantages
↓ Low security
↓ No guarantee for anonymity
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Information Collection :
Qualitative and Observational Methods
• Recommended to
capture the basic feel • Limited to providing
of a problem prior to information on current
conducting more behavior
analytical study
Qualitative Observational
Methods Methods
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Exploratory
• Conducted primarily to explicitly define the problem and formulate
hypotheses
Orientation
• To learn more about target customer (e.g. Culture, language)
Clinical
• To gain insights into topics that are difficult in a structured
research
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• Issues to be addressed:
▫ Outlining the intended direction of
the group
▫ Explaining how participants were
recruited
▫ Re-educating observers on the
concepts of random selection,
statistical reliability, and
projectability of research results
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✓ Recruitment
✓ Moderator
✓ Analysis and
Interpretation of the
Results
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Projective Techniques
• Presentation of an ambiguous, unstructured object, activity, or
person that a respondent is asked to interpret and explain.
Observational Methods
➢Casual Observation ➢ Content Analysis
➢ Empathic Interviewing
➢Direct Observation
➢ Humanistic Inquiry
➢Contrived Observation
➢ Behavior Recording Devices
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