Overview of the basic types of Marketing Research and the basic
advantages / disadvantages of each type 2.1 - What are the three major types of research design? What are they used for? What are their basic advantages / disadvantages? Research Design: is a set of advance decisions that make up the master plan specifying the methods and procedures for collecting and analyzing the needed information. 3 types of Research Designs depend on the objectives of the research Aim of the research Designs: gain background information and to develop hypothesis, measure the state of variable of interest, test the hypothesis that specify the relationship between two or more variables. 1. Exploratory Research: collection of information in an unstructured and informal manner. (Secondary Data, focus groups, one on one, experience surveys, case analysis, projective techniques) - Objective / use for: to gain background information, define terms, clarify problems and hypothesis and to establish research priorities (Help the firm prioritize research topics. - does not have predetermined set of procedures - nature of the research changes as the researcher gains information - No formal set of objectives, sample plan or questionnaire - Advantage: secondary data analysis -> fast, cheap; provides information to meet the research objective or assists in gathering current information necessary to construct either a descriptive or causal research design. 1. Descriptive Research: incorporate a set of methods and procedures that describe marketing variables. Answering who, when, what and how questions. Consumers attitude, intentions and behaviors - Done through surveys, observational - better for large population - Objective: describe and measure marketing phenomena - 2 types: (1) Cross-sectional studies: measure units from a sample of the population at one point in time (Snapshots) -> Sample surveys are used to representative of a specific population; (2) Longitudinal Studies: repeatedly measure the same sample units of a population over a period of time. Panels: Continuous (same questions) or discontinuous (varies) - Advantage: Longitudinal studies allow us to measure the change being made by each sample unit between time periods, we gain much richer information for analysis purposes 1. Causal Research: isolates causes and effects -> answers why questions; designs experiments; understanding a phenomenon in terms of conditional statement of the form if x, they y - Manipulating variables of interest
- Objective: determine the causality and to make if-then statement
- Difficult - Obtained by using experiments Quantitative: data sets containing precise measurements of variables -> tests for statistical significance Qualitative: used to explore and know more about the problem in hand; closely related to exploratory research 2.2 - What is the difference between observational and communication-based research? What are the basic pros and cons of each approach? Observational studies vs Focus Group + In depth Interview Depth Interview: a set of probing questions posed one on one to a subject by a trained interviewer to gain an idea of what the subject thinks about something or why the subject behaves in one way. Objective: obtain unrestricted comments or opinions and to ask questions that will help the marketing researcher better understand the various dimensions of these opinions as well as the reasons for them new concepts, designs, advertising and promotional messages can arise from this method Advantages: ability to probe, asking many additional questions -> enables the research technique to generate rich, deep, in-depth information offer great consumer behavior Disadvantage: lack of structure -> too varied to give sufficient insight into the problem 2.3 - What is the difference between research based on primary and secondary data generation? What are the basic advantages and disadvantages of each? Primary data VS Secondary Data Primary Data: information-processing that is developed or gathered by the researcher specifically for the research project at hand Secondary Data: data have been previously been gathered by someone other than the researcher and/ or for some purpose other than the research project at hand Uses of Secondary Data Identifying demographic groups as market segments - market segmentation lifestyle of demographic groups such as baby boomers, Gen Yers, Gen Xers Competitive Analysis or Benchmarking Marketing environment analysis Direct marketing campaigns Measuring advertising reach or performance Advantages of Secondary Data
Obtained Quickly (internet - no expense)
inexpensive relative to primary data Usually available Enhance Primary Data - to familiarize the researcher with the industry that may be useful when conducting primary data May achieve the Research Objective Disadvantages of Secondary Data Problems exist in secondary data because they have not been collected specifically to address the problem at hand but for some other problems I. Incompatible Reporting Units II. Measurement units do not match III. Class definitions are not usable IV. Data are outdated