C5 Flashcards
Why do secondary research?
Almost all research projects depend upon or can benefit from a secondary research stage. This is especially useful in early stages of project, in order to clarify thinking, help with problem definition, and with research design and planning. It can also act as context or framework for analysis or interpretation of findings.
It is possible that 2ndry research may entire set of research objectives alone with no need for primary research.
Value or usefulness of any piece of research or set of data is rarely exhausted on initial or primary application and may be useful in same context at a later date or in a different context. One set of data e.g. geodemographic database, may be combined with others making the combined set more valuable and of greater use than the individual elements.
List uses and benefits of 2ndry rsearch?
Answers research problem without need for primary research
Better understanding of issues and wide context of problem
Helps define problem
Helps in development of hypothesis
Determines nature of evidence required to address the problem
Helps to formulate effect research design
Helps in define of effective questions
Enhances analysis and interpretation of 2ndry data
Sets findings from primary research into a wider context
Existing data may be cheaper
Secondary data are relatively quick and easy to get a hold of
General process of secondary research?
Identifying existing relevant sources of data / information
Gaining access to them
Assessing their suitability for purpose
Reviewing them and assessing their quality
Using knowledge created
Why use a literature review?
Literature reviews are commonly uses in early stages of project or at analysis and interpretation stage. This is valuable as it can be used to increase knowledge and understanding of topic under investigation; allows you to benefit and build upon the work and thinking of others e.g. those who have tried a similar research approach or those who have done research on the same or similar topic and so should enhance quality of thinking and research. Cam be referred to as a synopsis or critical assessment of relevant literature.
what should loterature review show?
What is known about topic
What you have to say about what is known
If anyone else has conducted the same or similar research
If anyone has done research that is related to your topic
Where your research fits in with what exists already
Why research is worth doing in light of what has been done already
process of literature review?
Define purpose of review precisely to avoid being overwhelmed by large amount of irrelevant material
Determine what sources will be useful e.g. books, government publications, commercial research reports, journal articles, conference papers, blogs. This will dictate where you should be search for material
Prepare list of key words, relevant dates to form basis of search in search engines and online catalogues
Set up database or spreadsheet to record sources and information you find; you may want to devise a template in which you can make notes on articles and folders to store relevant, useful material or material you are unsure about
Assess whether material is relevant and useful and therefore should be read in-depth and critically - scan / read through abstract or if they do not have one at aims and objectives, methods and conclusions. Get rid of irrelevant material
Review and critically evaluate each piece. Look at strengths, weaknesses, robustness of research design, relation to your project, how information from material can add value to your project
Where do you find secondary sources of data? general
In marketing context 2ndry resources are often classified according to whether they are internal to organisation, produced by it, or external. Internal sources include reports / data from previous research, financial data, sales data and customer data. External sources are those produced by others outside of the organisation and can include reports / data produced by government bodies, market reports by commercial organisations such as Mintel, geodemographic databases compiled by companies such as CACI and Experian, articles published in journals such as International Journal of Market Research, online discussions or blogs by people within particular market or sector.
How does EPOS work?
Data can be captured at point of interaction with customer, whether in person or EPOS - electronic point of sale, data collected scanners or remotely by the internet - stored in and retrieved from databases and data warehouses designed to function as management information systems (MIS) or marketing information systems (MkIS) - such systems are often referred to as decision support systems (DSS) or executive information systems (EIS) and are structured in a way that allows users to search for and retrieve data needed for planning, control and strategy development
How do loyalty / rewards cards work? Pros and cons?
Loyalty / rewards cards - link personal data with buying behaviour at level of individual customer. Customers apply for cards to benefit from organisation promotion schemes, when doing so they enter personal details, each time a card is used customers personal details are logged against transaction / purchases made. Organisation then has a record of your actual buying behaviour when using cards. Same process is used online when you register to use a site - where you agree to having your details and activity recorded and stored
Cards however do not offer data on behaviour outside of purchases used with card, demographic data may not be accurate, people may hold more than one card, not use for all purchases e.g. only large purposes, and is likely to be used by a specific kind of customer and so does not offer a representative sample of customer base
Types of online behaviour tracking?
Online behaviour is tracked in four ways - logging IP address; storing cookies in computer; registering and recording ‘web bugs’ you trigger in the sites you visit; and by accessing browsing history.
Cookies?
Storing cookies - bits of data - in your computer means that the website has a unique identifier for you so that when you visit again you are recognised. Cookies from a website may also allow you to be recognised by other related websites (monitored by the same company). Some cookies (third party used by advertisers) can monitor your activity across multiple websites and build a profile of browsing activity.
IP address?
Your IP address is the address to which website content is sent, as soon as you go to a website it sees your IP address and can use this to find your geographic location. Unless IP address changes the website can monitor all activity from that address.
Web bugs?
‘Web bugs’ are used to track who views website and from which IP address - they are a means of following you from website to another within a group or network of sites.
Accessing browser history?
Websites can program code to look at your browsing history on your computer - once they find it they use it as the basis for categorising or profiling you, in order to personalise the websites you visit with relevant ads.
What is purchase pattern analysis?
Purchasing patterns can be analysed e.g. shopping basket analysis, and on basis of past behaviour retailers can send recommendations and alerts on offers of the types of items or brands you buy. Retailer can also compare purchase records with other customers and use similarities to notify that ‘customers who bought this item also bought…’ SBA can also show sets of products or brands that are bought together which groups / segments their customers together allowing them to be targeted with tailored offers. Examining behaviour time can allow company to build models to predict behaviour, sales volumes and revenue. This information can be used to understand how profitable different groups of customers / outlets are, and which promotions and advertisements work for each group.
What is analysis of databases reffered to? CCR
Analysis of databases to identify customer behaviour and sales patterns to build profiles of customers / outlets to identify market segments or gaps is classic confidential research where there is no feedback of personal data.