Professional Documents
Culture Documents
Table of Contents
Chapter 1 : Introductio
n
1.1 Meaning of Consumer Research..................................................................................2
1.2 Purpose of Consumer Research...................................................................................3
1.3 Meaning of Applied Research......................................................................................4
Chapter 3 : Conclusion
2.1 Conclusion.................................................................................................................. 12
References.......................................................................................................................13
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Chapter 1 : Introduction
While customer research is usually conducted as part of a design project, it is also often
conducted in other departments of an organization. In some cases, customer research is
part of marketing for instance, to ensure that marketing campaigns have the right focus.
In other cases, it can be carried out as part of concept development or ideation so as to
identify opportunities for future products, services, or features.
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- To help companies make better business decisions and gain advantages against their
competitors.
- To help marketing managers or executives make numerous strategic and tactical
decisions in the process of identifying and satisfying customer needs.
- To remove some of the uncertainty by providing relevant information about the
marketing variables, environment, and consumers. In the absence of relevant
information, the consumer response to marketing programs cannot be predicted
reliably or accurately
- To provide insights that help guide the creation of a business plan, launch a new
product or service, optimize existing products and services, and guide expansion into
new markets.
- To determine which portion of the population will be most likely to purchase a
product or service, based on variables such as age, gender, location, and income level.
- To reveal characteristics of a target market.
- To understand how consumers talk about the products in the market.
- To identify which consumer needs are important and whether these needs are being
met by current products.
- With effective market research, it can gain invaluable information about competitors,
economic shifts, demographics, the current market trends and the spending traits of
your customers.
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- Studying about the kinds of motivations that will invigorate people so they can step
up and take part in different kinds of charities.
- Finding out different strategies that are best to incite the employees in the business
organization or other professions.
- Researching about different types of keyboard designs or layouts and then finding out
the one that is best for both functionality and comfort.
- Finding out the best way to approach and treat diseases like anxiety /depression/
asthma… etc.
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Examines a specific set of circumstances, and its ultimate goal is relating the result to a
particular situation. i.e., applied research uses the data directly for real world application.
Applied Research which studies the relationship and applicability of theories or principle
to the solution of a problem. It is designed to solve practical problems of the modern
world, rather than to acquire knowledge.
In short, to understand the importance of Consumer Research for firms and their brands,
as well as consumers. Consumer research has developed from the more general field of
market research. Consumer research is important for marketers as the competitive
landscape in almost every industry becomes even more challenging and with growth in
global and cross-cultural markets. It is a field of study that has been influenced by
researchers and practitioners in several other fields, including psychology, sociology, and
anthropology.
Consumer research helps marketing research professionals determine the wants and needs
of their consumers. Once these desires are known, companies can develop marketing
strategies to meet the consumer's wants and needs. Companies that meet the needs of
their consumers can usually expect greater sales and profits, according to the article
"Consumer Behavior" on the information website Reference for Business.
Consumer research is often used to evaluate product satisfaction among consumers. This
type of analysis allows marketing research or managers to pinpoint factors that are
driving low satisfaction levels. Low satisfaction can be a result of a consumer's
dissatisfaction factors ranging from product quality to price. Consumer research can also
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uncover factors in which the consumer is highly satisfied. For example, a customer may
be highly satisfied with a company's technical support department.
Quantitative research is mostly conducted in the social sciences using the statistical
methods used above to collect quantitative data from the research study. In this research
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method, researchers and statisticians deploy mathematical frameworks and theories that
pertain to the quantity under question. Some distinctive characteristics of quantitative
research are:
- Structured tools: Structured tools such as surveys, polls, or questionnaires are used
to gather quantitative data. Using such structure methods helps in collecting in-depth
and actionable data from the survey respondents.
- Sample size: Quantitative research is conducted on a significant sample size that
represents the target market. Appropriate sampling methods have to be used when
deriving the sample to fortify the research objective.
- Close-ended questions: Closed-ended questions are created per the objective of the
research. These questions help collect quantitative data and hence, are extensively
used in quantitative research.
- Prior studies: Various factors related to the research topic are studied before
collecting feedback from respondents.
- Quantitative data: Usually, quantitative data is represented by tables, charts, graphs,
or any other non-numerical form. This makes it easy to understand the data that has
been collected as well as prove the validity of the market research.
- Generalization of results: Results of this research method can be generalized to an
entire population to take appropriate actions for improvement.
event. By using an event survey template, the organization can collect actionable
feedback about satisfaction levels of customers during various phases of the event
such as the sales, pre and post-event, the likelihood of recommending the
organization to their friends and colleagues, hotel preferences for the future events
and other such questions.
There are many advantages of quantitative research. Some of the major advantages why
researchers use this method in market research are:
- Collect reliable and accurate data: As data is collected, analyzed, and presented in
numbers, the results obtained will be extremely reliable. Numbers do not lie. They
offer an honest picture of the conducted research without discrepancies and are also
extremely accurate. In situations where a researcher predicts conflict, quantitative
research is conducted.
- Quick data collection: A quantitative research is carried out with a group of
respondents who represent a population. A survey or any other quantitative research
method applied to these respondents and the involvement of statistics, conducting,
and analyzing results is quite straightforward and less time-consuming.
- Wider scope of data analysis: Due to the statistics, this research method provides a
wide scope of data collection.
- Eliminate bias: This research method offers no scope for personal comments or
biasing of results. The results achieved are numerical and are thus, fair in most cases.
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2.2 Qualitative Research
Qualitative research is defined as a market research method that focuses on obtaining
data through open-ended and conversational communication. This method is not only
about “what” people think but also “why” they think so.
Qualitative research methods are designed in a manner that they help reveal the behavior
and perception of a target audience with reference to a particular topic. There are
different types of qualitative research methods like an in-depth interview, focus groups,
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ethnographic research, content analysis, case study research that are usually used. The
results of qualitative methods are more descriptive and the inferences can be drawn quite
easily from the data that is obtained.
Qualitative research methods originated in the social and behavioral sciences. Today our
world is more complicated and it is difficult to understand what people think and
perceive. Qualitative research methods make it easier to understand that as it is more
communicative and descriptive.
Therefore, the qualitative research methods allow for in-depth and further probing and
questioning of respondents based on their responses, where the interviewer/researcher
also tries to understand their motivation and feelings. Understanding how your audience
makes decisions can help derive conclusions in market research. Some distinctive
characteristics of qualitative research are:
- Qualitative research methods usually collect data at the sight, where the participants
are experiencing issues or problems. These are real-time data and rarely bring the
participants out of the geographic locations to collect information.
- Qualitative researchers typically gather multiple forms of data, such as interviews,
observations, and documents, rather than rely on a single data source.
- This type of research method works towards solving complex issues by breaking
them down into meaningful inferences that are easily readable and understood by all.
- Since it’s a more communicative method, people can build their trust on the
researcher and the information thus obtained is raw and unadulterated.
At the end of the interview, it was realized that most of the books in the stores were
suitable for adults and there were not enough options for children or teenagers.
By conducting this qualitative research the bookstore owner realized what the
shortcomings were and what were the feelings of the readers. Through this research now
the bookstore owner can now keep books for different age categories and can improve his
sales and customer outreach.
Such qualitative research method examples can serve as the basis to indulge in further
quantitative research, which provides remedies.
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Qualitative and quantitative research actually ought to complement as opposed to
compete with each other. Qualitative research can be especially useful during the early
stages of a study when the researcher may be unsure of exactly what will be studied or
what to focus on, while quantitative research is helpful to confirm hypotheses that
qualitative researchers have helped to identify. Together these different ways to gather
data and explain associations and phenomena builds foundation on which to build the
structure of nursing evidence-based nursing care delivery.
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Chapter 3 : Conclusion
In conclusion, don’t underestimate the impact that regular consumer research can have
on your business, whether you’re at start-up or enterprise level. The data you collect can
impact the way you build your product, market your services, and message your
audience, all of which are directly tied to healthy and sustainable business growth.
Consumer research can take different forms such as ad tracking, brand research,
consumer satisfaction research, segmentation research, marketing effectiveness research,
purchase patterns, consumer needs and concept testing. You can use all forms to try and
draw conclusions from customer behavior. This knowledge can help improve marketing
activities. For example, segmentation research could show that a specific age group
makes more purchases of a particular line of products. You could then run targeted
marketing campaigns to enhance sales to this age group on that basis.
Research results can indicate potential problems, highlight necessary changes, determine
new products and services, and develop advertising strategies. At times, the results of
customer research can be ambiguous, and you may need additional targeted research. In
higher education, research results are aimed more at understanding large patterns of
consumer behavior, and the results are general in nature.
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References
Interaction Design Foundation, 2. (2020). What is Customer Research? Retrieved from https://www.interaction-
design.org/: https://www.interaction-design.org/literature/topics/customer-research
Prana Business Consulting, 2. (2017, 2 16). Consumer marketing research and why does it matter? Retrieved from
http://pranabusinessconsulting.com/: http://pranabusinessconsulting.com/consumer-marketing-research-and-
why-does-it-matter/
QuestionPro, 2. (2019). Qualitative Research: Definition, Types, Methods and Examples. Retrieved from
www.questionpro.com: https://www.questionpro.com/blog/qualitative-research-methods/
QuestionPro, 2. (2020). Quantitative Research: Definition, Methods, Types and Examples. Retrieved from
https://www.questionpro.com/: https://www.questionpro.com/blog/quantitative-research/