Thursday, 29 November 2012
Wednesday, 28 November 2012
Sunday, 11 November 2012
Marketing research Process
Marketing research
Process
Marketing process for this project can be divided into 6
steps:
Step 1: Problem Definition
The first and the
most important step is to ‘define’ the problem. While defining the problem
following things were taken into account: purpose of study, the relevant background
information, the information needed and how to use it in decision making. Problem
definition involves:
·
Analysis of secondary data
·
Interviews with industry experts
·
Qualitative research ( Focus groups)
·
Pilot survey
Once the problem has been precisely defined, the research can
be designed and conducted properly
Step 2: Development of an Approach to
the problem
Development of the approach to the problem includes formulating
an objective or theoretical framework, analytic models, research questions,
and hypothesis and identifying the information needed. This process is guided
by discussion with industry experts, analysis of secondary data, qualitative
research, and pragmatic considerations
Step 3: Research design formulation
A research design is a framework for conducting the
marketing research project. It details the procedure necessary for obtaining
the required information, and its purpose is to design a study that will test
the hypothesis of interest, determine possible answers to the research questions,
and provide the information needed for decision making .Design of questionnaire
and a sampling plan is also done. Broadly formulating the research design
involves the following steps:
·
Definition of the information needed
·
Secondary data analysis
·
Qualitative research
·
Methods of collecting qualitative data( survey,
observation, and experimentation)
·
Measurement and scaling procedures
·
Questionnaire design
·
Sampling process and sample size
·
Plan of data analysis
Step 4: Fieldwork or data collection
Our data collection involves following steps:
· Questionnaire and survey
·
Direct, mail intercept and computer assisted
personal interviews
·
Telephonic interviews
· E-mails Q n A
Step 5: Data preparation and analysis
Data preparation includes the editing, coding, transcription
and verification of data. Each questionnaire form is inspected or edited. The data
are analyzed to derive information related to the components of the marketing
research problem and thus, to provide input into the given research problem
Step 6: Report preparation and
presentation
The entire project is documented in a written report that addresses:
·
The specific research questions identified,
·
Describe
the approach,
·
The research design,
·
Data collection, and
·
Data analysis procedures adopted, and
·
Finally present the results and major findings.
In addition to it, oral presentation will be made using
tables, graphs to enhance clarity and impact.
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