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Marketing Management/Essentials of Marketing




                    Notes          “Marketing Research is the function which links the consumer, customer, and public to the
                                   marketer through information – information used to identify and define marketing opportunities
                                   and problems; generate, refine, and evaluate marketing actions; monitor marketing performance,
                                   and improve understanding of marketing as a process.”
                                              —Definition by American Marketing Association, according to Tull and Hawkins, 6th Ed.
                                   “Marketing research is a formalised means of obtaining information to be used in marketing
                                   decisions.”
                                                                —Donald S. Tull and Del I. Hawkins, Marketing Research, 1993
                                   The six steps presented should be viewed as an overall approach to conduct marketing research
                                   and should not be viewed as a fixed set of rules for each and every project. The decision-makers
                                   must consider each of the steps carefully and examine how they can best be adjusted to address
                                   a given problem or opportunity at hand. Various opportunities for error are present in the
                                   marketing research process and for this reason, it is important that all those who use research
                                   results be well-informed and critical users of information that results from such research results.
                                   The difference between good and bad research is the quality of inputs. Ideally, the informed and
                                   critical users of research should ask some important questions before implementing the research
                                   and, if necessary, after the research is completed to be certain that the research is unbiased and
                                   results are reliable to help decision-making:
                                   1.  Keeping in view the problem or opportunity, are the research objectives right? Will the
                                       data collected be sufficient to fulfil those objectives?
                                   2.  Is the choice of data sources appropriate? Are readily available, cheaper data sources used
                                       where appropriate? Is qualitative research planned to support and ensure that quantitative
                                       research is on target?
                                   3.  Is the planned approach to research design (qualitative and quantitative) appropriate to
                                       address the research objectives?
                                   4.  Are the questionnaire scales appropriate and permit measurement necessary to accomplish
                                       the research objectives? Are the framed questions unbiased to conduct survey, interview,
                                       or focus group? Is the sample size suitable for research objectives? Do the sampling plan
                                       and respondent contact methods entail any known bias? Are the analyses appropriate as
                                       specified before conducting the research?
                                   The research process involves defining a marketing problem or opportunity and establishing
                                   research objectives; decide research design; establish data collection approach; finalise sampling
                                   procedure; collect data; analyse data and present report.

                                                      Figure 2.7: Steps in Marketing Research Process

                                            Define Problem       Design Research        Data Collection
                                           & Set Objectives          Project             Approach


                                             Present the           Analyse the            Sampling
                                              Findings             Information             Plan



                                   2.7.1 Define the Marketing Problems and Set Objectives

                                   The starting step focuses on uncovering the nature and boundaries of a negative, or positive
                                   situation or question and calls for the marketing manager and the researcher to analyse the




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