Lecture 6 Flashcards
Marketing Research Defined
The process of systematically collecting and analyzing
information to address a marketing research question, and
recommending actions.
Marketing Research reduces
the risk and uncertainty of marketing decision making
Marketing research 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.
The Marketing Research Process
- Define the problem and research objectives
- Develop the research plan
- Collect the information
- Analyze the information
- Present the findings
- Make the decision
Secondary Data Defined
Information that has been collected by others for a
purpose other than specifically responding to a current informational need.
Secondary Data Contrasts with primary data that is collected by
information user to
satisfy a specific informational
need
Uses of Secondary Research
Directly answer a marketer’s informational needs
Provide important insights prior to primary research
Contribute to questionnaire development
Evaluating Secondary Information
“Goodness”
Author and source Unbiased, qualified individuals Accuracy Currency Objectivity
Social media mining seeks to
“exact meaningful
information from social media data that is not readily
apparent the process of representing, analyzing, and
extracting actionable patterns from social media data.”
Social Media Mining is used by
companies, organizations, researchers, and
government
Social Media Mining Legality
Little historical precedent regarding laws on social media mining
Facebook settled FTC charges about user privacy
Google paid FTC $22.5 million for a loophole to track user cookies
For reflection: Is it ethical to mine social media conversations?
The issue:
• Traditionally, researchers conducting primary research with human subjects
follow a policy of informed consent.
• But when scraping social channels for data, the data mined are residual traces
of online behavior.
• The result? People unwillingly and unknowingly may become subjects in a
research study
Advantages of Social Media Data
Cheaper - You do not pay participants
Continuity - Social media users never stop talking
Invisibility - Most consumers are not even aware their online conversations
are getting analyzed and dissected for insights
Social Data for Marketing Research
Measuring brand sentiment and comparing it with
competitors
How is sentiment measured?
Measuring campaign outcomes
Identifying key advantages and weaknesses of company,
brand, product etc.
Crowdsourcing suggestions and ideas from customers
“Social listening is when you track your
social media
platforms for mentions and conversations related to your
brand. Then you analyze them for insights to discover
opportunities to act”. - Hootsuite
Qualitative advertising research entails
the intensive
interviewing of a small number of individuals to acquire
detailed, in-depth insights into their attitudes, beliefs, motivations,
and lifestyles.
Qualitative advertising research seeks to provide a better understanding of
why people act
as they do rather than numeric descriptions of what
people do and think.
Quantitative research is best used when
generalizability to a larger population is important, when the determination of
statistically reliable, quantifiable differences between groups
is important, and when statistical analysis of the data is required.
Qualitative Research: Uses
To obtain information in areas where little is currently
known
To hear consumers express ideas in their own words
To compliment quantitative research
To move beyond information obtained through
direct, structured, closed-ended questions
Get closer to the data
Get the story behind the data
Pros and Cons of Qualitative Research
vs. Quantitative Research
Pros
Quicker
Less costly
More flexible
Cons
Allows only limited generalization
Does not permit numeric descriptions
Is more subjective
Do not work well to make “go – no go” decisions with
regard to copy testing and execution evaluation
Focus Groups and Minigroups
A group of eight to twelve individuals who:
Take part in carefully planned series of discussions that last 90-120 minutes
long
Held in a permissive, non-threatening environment
Led by a trained moderator
Focus groups are larger than minigroups
6 to 10 people versus 3 to 6
When to use Focus Groups and Minigroups
New product idea generation Product positioning Product perceptions Creative explorations In-depth exploration of consumer attitudes, beliefs and behaviors
Pros and Cons of Focus Group (Versus
Personal Interviews)
Pros Interactive discussion More stimulating for respondents More spontaneous Quicker to conduct and analyze Generally lower cost
Cons
Single respondent may dominate discussion
Group pressures can distort opinions
Data and insights represent group, not individual, data
Potential for moderator-introduced bias
The interviewer/moderator creates an __ __
before conducting the interview/focus group.
interview guide
The interview guide provides
an ordered list of the questions to be asked
reminders for any required probes or follow-up questions
General guidelines for the question wording
Keep questions short and precise
Ask only one question at a time
Avoid questions in which the answer is either given or implied
Avoid “why” questions