Marketing Research
Marketing Research
Marketing Research
QUANTITATIVE RESEARCH
INTERNAL MARKS ASSESSMENT
ATTANDENCE- 10 marks
ASSIGNMENTS- 1Omarks
CASE STUDIES -10 marks
PRESENTATIONS -10 marks
CLASS TESTS- 10 marks
TOTAL LECTURES-10
(July to September)
8. Marketing Action
Quantitative and Qualitative
research
Quantitative Research Approach
-Paradigm
“logical positivism”. This paradigm maintains that
truth is absolute and consists of a single reality
that can be determined by careful measurement.
Phenomenology
It is specific type of qualitative research that attempts to
provide insider information and develop understanding
about lived experiences
Focus: develop understanding about lived experiences
Generic question: what is the structure and essence of this
experience?
Methods: unstructured interviews; inductive analysis
Out come: a description of subjects’ personal meanings of a
experience.
Types of qualitative research
Ethnography
Focus: provide understanding of cultural norms, rules
(survival skills or behaviour), and values.
Generic question: what is the culture of this group of
people? How do they behave, and the way they do?
Methods: participant observation, interviews, document
review.
Out come: a guide for reorganizing needs; information
about survival skills.
Types of qualitative research
Grounded theory
Focus: eliciting and describing the psychological and social process
that people use to help them make sense of their world and handle
problematic situations.
Generic question: what is the experience of (population of interest)
with?
What is the basic social process of ….?
Methods: participant observation, interviews, document review.
Out come: a substantive theory
Limitations
The following characteristics are usually identified
as limitations of qualitative research
Qualitative studies are generally very time-
consuming to conduct
Though findings may be selectively transferable,
they are not generalisable in the traditional sense.
Because of the subjective and context –
dependent nature of qualitative data, findings are
not replicable.
Because they are not replicable, qualitative
findings can be hard to sell to decision makers.
Stereotype of Quantitative and Qualitative research
Characteristic Quantitative Qualitative
Reality Stable Personal contextual
Data Numbers hard data Words soft data
Perspective Outsider Insider
Approach to Reductionistic Contextual holistic
knowing
Research Objective, rational empirical Subjective intuitive
approach
Research Controlled, laboratory Naturalistic, fieldwork
conditions
Goal Verification, test Discovery, generate
hypotheses hypotheses
Methods Measurement Description
Data analysis Deductive ; statistics Inductive, intuitive; themes
Outcome Facts Meaning, understanding
Findings / Replicable; reliable; Valid, creditable,
results generalisable transferable.
Choosing a research approach: personal preference consideration
If you prefer to explore Then choose a
Incidence Quantitative approach
Performance
Facts
Relationships
Cause and effect
Meaning
Experience Qualitative approach
Understanding
Culture
Adaption
Processes
If you prefer to Then choose a
Create questionnaires Quantitative approach
Design interventions, develop protocols
Work with numbers
Write concise, factual reports
Talk and listen Qualitative approach
Search for meaning in words
Write expressive essays and stories
TYPES OF QUALITATIVE
RESEARCH
In-depth Interviews
Focus Group Discussions
Case study
CASE STUDY METHOD IN
MARKETING RESEARCH
The case method places the student in a
simulated business environment to make a
set of decisions
The goal is not to develop a set of right
answers but to learn to reason well with
the data available. This process is truly
learning by doing.
A Good Case Study Method
Be Complete
Avoid restating facts
Make reasonable assumptions
Don’t confuse symptoms with problems
Don’t confuse opportunities with faking
actions
Deal with objectives realistically
Recognize alternatives
Don’t be assertive
Discuss the pros and cons of each
alternative
Make effective use of functional and other
quantitative information
Reach a clear decision
Make good use of evidence developed in
your situation analysis
Outline for Case-study Method
1. Situation Analysis
Extent of demand
Nature of competition
Environmental climate
Stage of product life-cycle
Cost structure of the industry
Skills of the firms
Financial resources of the firm
Distribution structure
Problems and opportunities
Key problem areas
Key opportunities
On balance, the situation is.
Generation and evaluation of
alternative marketing program
Objectives defined
Marketing mix/ program decision
Decision
Hints for solving cases
Read the case material twice
Underline the important statements and
data
Take notes of key issues, problems,
organizational reactions, individual
reactions.
Do not underline unrealistic assumptions
Read each question twice
Two question will have different answers
so do not give similar answer
Ensure that your response is accurate,
bold and clear
How to analyze the market
potential for a product.
See yourself as consultant.
Steps in a Survey Project.
1) Decide on your survey goal (what you what to learn)
2) Determine your sample (who you will ask)
3) Select interviewing methodology (how you will ask the questions)
4) Design you questionnaire
5) Pre-test the questionnaire (known as piloting)
6) Administer the interviews (ask the questions)
7) Enter the data (collect/record the answers)
8) Analyze the data
9) Present the data
You are not to carry out an actual segmentation of the market when analyzing
the market potential for a product.
The primary determinants of demand
1. Quantitative conditions-
Number of people
Households
Occupation
Distribution of income
Age
gender distribution - tendency
2. Qualitative conditions-
Buying behaviour
1)questionaires
2)interviews
3)observations
4)surveys.
The secondary determinants of demand
-Seasonal fluctuations
-Porter's 5 forces
1) Make sure to be specific in what you are asking.
2) Do research on what you are writing and then later on do
interviews.
3) Observations "the actions of noticing things carefully"
Secretive - where the subject are unaware they are being
observed.
Non-participatory - subjects are aware but experimenter takes
no part.
Participatory - where the subject and the experimenter interact.
(I see you brought milk....WHY?)
4. It depends on the product and the market which determinants of
demand are important or relevant. A good idea would be to explain
why?
6. Take care with your sources - they may not all be objective, so you
should make sure that you get information from more than one source
and you should also include a discussion of the reliability of your
data.