Proctor 1 Exam DESIGN AND DATA/ QNR&MEASUREMENT DESIGNS Flashcards
This deck has QNR&MEASUREMENT DESIGNS and QUALITATIVE NOTES
What is Secondary research?
Defining the business problem or how to address It, however it needs to be carefully evaluated, since it was gathered for another business problem.
Example of Internal secondary research
prior research, customers database
Example of External secondary research
political articles, papers, syndicated research, government data
The business problem IS the problem confronting the clients
The business problem IS the problem confronting the clients
Business Problem:
- Ask what the decision makers need to know
- Action-oriented
- Focuses on symptoms
Market Research Problem
- Ask what information is needed and how it should be obtained
- Information oriented
- Focuses on the underlying causes
The information gathered to address the market research problem is used to take action to address the business problem
The information gathered to address the market research problem is used to take action to address the business problem
Business problem examples:
- Should a new product be introduced by a tech company?
- Should the advertising campaign of an innovative manufacturer be changed?
- Should the price of a laundry detergent brand increase?
Market research problem examples
- Determine consumer preferences and purchase intentions for the proposed new product.
- Determine the effectiveness of the current ad campaign
- Determine the price elasticity of demand and impact on sales and profit of various levels of price changes
The market research problem needs to allow the researcher to obtain all the information required to address the business problem and it guides the researcher throughout the rest of the market research process.
The market research problem needs to allow the researcher to obtain all the information required to address the business problem and it guides the researcher throughout the rest of the market research process.
Business problem can have two issues too broadly or too narrowly. What do both mean?
Too broadly: not specific enough to determine an approach and research design.
Too narrowly: all possible courses of action may not be defined.
Business Problem + Market Research Problem equal what ?
Research Objective
What are the terms Research Objective ?
- Goal oriented – questions that specifies what information is needed to solve a problem
- What researchers must do; have to be clean, specific, and actionable
- Designed to address both business and market research problem
- It’s the foundation of the research plan
Think of the market research problem as broad /general statement while research objectives are specific components of the market research problem.
Think of the market research problem as broad /general statement while research objectives are specific components of the market research problem.
Purpose of Research
- To prove a point/advance an interest of those conducting the research
- Can help identify limitation of using the research
- Hard to determine the true purpose – caution must be exercised
Reliability of the information
- Who conducted the research
* Quality, consistency, expertise, creditability are extremely important
Data collection Methodology
- Who was sampled, type of people, sample size, mode of collection (phone, online)
- Understanding the target population is adequately represented
Nature of the data collected
how questions were asked and analyzed
Accuracy of Secondary data
Its difficult; however you can verify with other research to compare results
Timeliness of the research
when the data was collected
Research Types
- Research evolves over time; qualitative was distinctly different from quantitative research
- Primary was different from secondary ; it was rare that a project could accommodate both descriptive and exploratory research
- As tools are becoming more sophisticated; lines are becoming blurred
Qualitative Research
- Smaller sample
- Flexible and unstructured
- Open-ended questions and probing
- Analysis is non statistical and subjective
- Tentative and Directional
- Meant for initial understanding; usually followed up with additional research
- Examples include: focus groups, IDIs, Observations, Ethnographies and online bulletin boards
Quantitative Research
- Large sample, statistically projectable
- Formal structure questions
- Clearly defined
- Statistical and objective
- Conclusive and definitive
- Findings are needs as input into decision making and reconvened course of action
- Examples include; online surveys, mobile surveys, telephones surveys, mail surveys, and in person interviews
Sequential
research methods followed by one another
Concurrent
research methods occur at same time
Embedded
research methods are within one another
Multi-level
any of the combined above
Exploration
written critical actions and solutions are unknown
Expansion
building and learning that was already collected
Triangulation
confirms that findings are valid and reflect the population
Transformation
paradigm shifts and changes thinking
Explanation
what is it and is it possible
Consumer intimacy
brings target audience to life and reinforce findings
Clients usually ask for data synthesis and a combination of both
Clients usually ask for data synthesis and a combination of both
What is Primary Research?
o Original research tailored to address specific business problems
o You control the research design
What is Secondary research?
o Defines the business problem but could also address the market research problem
o Data is collected for another purpose by someone else, public access or for purchase
Big data
is capturing, processing, integrating, and interpreting extremely large volumes of data originally from a variety of sources
In the business problem statement, it is important that the business problem be stated (worded) using the __________ perspective and language.
client’s / business’s
A common description of a business problem from clients is that market share is declining. To the researcher, this description is:
a symptom being caused by an underlying problem
True or False: The business problem statement must be formulated as a statement; it should NEVER be formulated as a question.
False
The FINAL step in defining the business problem so that the research questions can be considered is to:
Formulate the business problem statement
The FIRST step in a market research project is:
Defining and understanding the business problem
You are considering the sponsor of a secondary research study you are examining. Which type of sponsor should raise MORE concerns about the accuracy of the findings?
An organization interested in encouraging actions such as sales and investment
As a client or research buyer, you should strive toward communicating the __________ information about the business problem including relevant information, background, assumptions (and their confidence) in your discussions with the researchers.
maximum possible
When thinking about the differences between the business problem and the market research problem, which are characteristics of the BUSINESS problem statement?
- Action-oriented
- Focuses on symptoms
- Asks what the decision-makers need to know
Price changes, product improvements, promotion of any kind, and adjustments in channels of distribution are examples of:
Decision alternatives the business could take to address the problem
True or False: When managers must make decisions and they have inadequate information (or lack confidence in their information), this indicates a need for primary research.
True
Which BEST describes the overall purpose of the market research industry?
Assisting business decision making
Which of the following is NOT a part of a good research design?
Detailing all “nice to know” and extraneous information to be collected
Based on this course, the MOST serious mistake one can make during research design is:
Asking the wrong questions
True or False: The analysis plan for a study does NOT need to be considered until after a research proposal is accepted by a business.
False
__________ research designs are based on established theories, models, or best practices. They are often more efficient and allow for comparison across projects to normative databases.
Standardized
Examples of synergizing secondary data with primary data include which of the following? (SELECT THREE [3] ANSWERS THAT APPLY.)
In a study to be conducted with physicians, including their actual prescribing data from an external source in data analysis
Using secondary data available to address the business problem and planning to conduct exploratory research to better understand this information
In a study to be conducted with consumers in specific regions of a country, including measures from sales data and marketing efforts in each region for analysis
__________ uses a flexible and unstructured line of questioning, whereas, __________ is formal, structured, and specifies the precise information needed.
Qualitative research; quantitative research
Your client is interested in precisely measuring the optimal positioning, within the market, for their new product currently being developed. They have very little prior experience or background knowledge in this competitive product category. Identify the type of research MOST appropriate for this key objective.
Combination: Qualitative followed by Quantitative
__________ research is appropriate when you need to develop an initial understanding, which is often followed by other phases of research.
Qualitative
True or False: Causal research often uses an experimental design to control for the influence of potential “causes” on the “effect” being studied.
True
Market research proposals serve multiple purposes. Which of the following is NOT one of these purposes?
They always include a full, first draft of the survey / discussion guide.
Before researchers can work with a new client/business, they must often:
a. Sign non-disclosure agreements (NDAs)
b. Get a service agreement in place / meet the company’s standard operating procedures
c. Get onto the list “preferred research suppliers” of the business
d. Demonstrate (often in responses to RFIs) they have the expertise the company desires
***All of the above
A market research proposal should communicate what the project ___________ as it relates to the business needs the project will address.
does and does not do
Which of the following statements about how buyers (the client or business) evaluate market research proposals is NOT true?
All buyers are similar in how they evaluate every research proposal.
True or False: Research companies must be honest about their qualifications and abilities to conduct the project they are proposing.
True
How can researchers maintain the confidentiality of proprietary information of competing clients that the research company works for? (SELECT THREE [3] ANSWERS THAT APPLY.)
Business’s’ non-compete & confidentiality agreements
Research company confidentiality agreements and training for personnel
Separating researchers that work on competing company studies
When presented with a “research” project that is NOT true research (it is intended to further an agenda, sell, market…) the researcher should:
walk away
A researchers’ job begins when a client approaches you with a business problem. Your FIRST step in the market research process is to work with your client to learn about:
the challenges, opportunities, and information needs of the business
True or False: The purpose of interviewing industry experts before developing a research design is to better understand the business problem, its background, or context.
True
Reviewing secondary research can assist the business and the researcher by:
a) Helping to define the business problem
b) Providing some answers to the business problem, its background, or context
c) Refining the information needed to be gathered in primary research
d) Offering insights for the design of primary research (e.g., sample, question wording, analysis, etc.)
e) All of the above (this is correct)
Some distinctions are blurring in the market research industry. Identify the trends from this course that the market researcher should be aware of: (SELECT THREE [3] ANSWERS THAT APPLY.)
a) Primary research is increasingly utilizing secondary data to provide greater insights.
b) With widespread internet access, smart phones, etc., there is an increasing amount of secondary and meta-data available that may be useful to market research.
c) While still distinct in many ways, quantitative and qualitative research are becoming more intertwined within a broader project.
All of the following can be particularly useful when conducting a situation analysis EXCEPT:
Framing the problem so as to favor use of a particular research design
he more time and effort that has been spent on a business problem, the __________ difficult it can be to recommend that there is NOT a need for primary research to address the business problem.
More
Which of the following must be answered FIRST in order to develop an effective research design?
Why is the research needed and what are its goals?
Types of PRIMARY market research include: (SELECT THREE [3] ANSWERS THAT APPLY.)
a) Observation
b) Surveys/interviews
c) Focus groups/group discussions
True or False: Some market research projects include a qualitative and quantitative phase.
True
Which of the following are appropriate uses for qualitative research? (SELECT THREE [3] ANSWERS THAT APPLY.)
a. Develop hypotheses
b. Generate ideas
c. Develop a better understanding about a problem
True or False: Many quantitative studies use both descriptive and causal elements in their designs (together in the same study or as separate phases).
True
Which of the following is an example of how costs are often broken-out for different elements of the research design?
a) Sample & data collection
b) Incentives / honoraria / pass through expense
c) Sample size & analysis options
d) By assumptions such as incidence, interview length, etc.
e) All of the above (correct)
True or False: While the client usually includes the study background in their Request for Proposal (RFP), good researchers will add to the background from their own industry and research knowledge (including implications from secondary research available).
True
Which of the following statements about how buyers (the client or business) evaluate market research proposals is NOT true?
All buyers are similar in how they evaluate every research proposal.
True or False: In Requests for Proposals and during the proposal process, any constraints, restrictions, and deadlines should be stated clearly and up-front.
True
True or False: In discussions and in their Requests for Proposals (RFPs), clients need to disclose all relevant information about the project and not misrepresent the project.
True
One method to guide your situation analysis is the “Five Cs” approach. Which of the following is NOT one of the Five Cs?
controller
The 5Cs are company, competitors, customers, collaborators, climate
All of the following are essential to the process of defining the business problem EXCEPT:
Estimate costs to address the problem
What is essential is :
Understand the background of the problem, Formulate a business problem statement, Identify what information is needed, Determine what decisions the business needs to make
A new use for a product is identified. This is an example of what type of business problem?
Opportunity assessment
The background and context of the business problem will include:
Past forecasts Company resources and constraints Customer behavior changing Legal & regulatory environment All of the above (Correct)
Interactions between the researcher and the client/business should be characterized by all of the following EXCEPT:
Infrequent & brief interaction
The right interactions are openness, disclosure or relevant information and constraints, cooperation as a team, respect for each others time, infrequent and brief interaction
A researcher must assess the information available to address a business problem. In some cases, adequate information already exists. What should the researcher do in this situation? (SELECT TWO [2] ANSWERS THAT APPLY.)
Prepare a written explanation of why a primary research project is not needed
Discuss with clients how needs can be met with existing information
Indicators that primary research may NOT be appropriate or necessary to solve a business problem include: (SELECT THREE [3] ANSWERS THAT APPLY.)
Low-risk business decision must be made
The business has high confidence in the information it has available
The business’s directors and executives are never supportive of primary research results
How can a researcher express the value of market research to a business?
Demonstrating through discussions, research designs, proposals how business questions will be addressed
Providing needed deliverables such as tools, simulators, and working models
Skillfully helping to identify the business problem
TWO examples of standardized research designs, mentioned in this course, are: (SELECT TWO [2] ANSWERS THAT APPLY.)
Net Promoter Score
Van Westendorp Price Sensitivity
From this course, you know developing a good research design consists of answering the “5 Ws and 2 Hs” types of questions. Which of the following is NOT one of these questions?
To which syndicated study should we subscribe?
Based on this course, the MOST serious mistake one can make during research design is:
Asking the wrong questions
True or False; As research tools become more sophisticated, more research projects contain elements of both qualitative and quantitative as well as encompassing primary and secondary data.
True
Market research proposals serve multiple purposes. Which of the following is NOT one of these purposes?
They always include a full, first draft of the survey / discussion guide.
When the business problem is defined too __________, it can lack sufficient focus and the researchers not know where to start.
broadly
When the business problem is defined too __________, alternatives may not be adequately investigated or factors important to the problem may not even be considered.
narrowly
The concise description of the business problem or opportunity that may require market research is referred to as:
Business problem statement
Each of the following are sources of secondary research data and findings EXCEPT:
Conducting qualitative research yourself
What are
Internal company sales data
Prior research studies conducted by the business
Reports from government or industry associations
Results from syndicated research studies the business subscribes to
Which one statement BEST describes when a primary research project should be conducted:
When the cost of obtaining the information is less than the cost of making a bad business decision
Which BEST describes the overall purpose of the market research industry?
Assisting business decision making
Which of the following is a consideration when determining the research design for a business problem?
The clients’ resources available for the study (e.g., budget)
How information provided by the study will be used
Secondary research that informs the background, information needing to be collected, etc.
Timing needs for the research milestones
All of the above (correct)
A research design can BEST be described as:
“a plan of action for carrying out a research project”
Your client is interested in modeling a relationship (among many variables that could impact customer loyalty). Identify the type of research MOST appropriate for this key objective.
Quantitative: Causal
Which is a key assumption or specification that can have a major impact on a project’s total costs?
Sample size
Length of interview / amount of data collected
Incidence in the population/sample
Scope of analysis, reporting, presenting, & deliverables
All of the above (correct)
True and False: The client/business and the researcher need NOT be respectful of each other’s time since creating a thoughtful and effective research design and proposal requires only brief interaction.
False
A retailer wants to understand an increase in sales among baby boomers and a decrease in sales among millennials occurring during the past 12 months. This is an example of:
A business problem statement
All of the following are extremely important when evaluating secondary research EXCEPT:
Did the research utilize the most innovative statistical techniques?
When should the client and researcher consider whether primary research is truly needed to address the business problem?
As early as there are indicators that primary research may NOT be needed
After the researcher has defined the business problem, its background, decisions to be made, problem statement, and the broad research question, the researcher’s NEXT step is to:
Create objectives
Which of the following is typically included in the Background section of a proposal?
Sample design
Which of the “Five Cs” of situation analysis represents the legal and economic environment that impacts the business?
Climate
When there is not enough knowledge or understanding to proceed with a market research project, _____________ research is needed.
exploratory
A _____________ is typically issued to external research companies when a client/business has already designed the research including number and length of interviews, data collection method, and information to be obtained.
Request for Quotation (RFQ) / bid request
A thorough situation analysis with your clients about their business problem reveals they have a limited understanding of the problem. However, it is clear that a quantitative design will eventually be needed to address the need. What technique should you recommend NEXT to address this information gap?
Conducting qualitative, exploratory research
True or False: The purpose of interviewing industry experts before developing a research design is to better understand the business problem, its background, or context.
True
________ involves searching for and interpreting existing information, studies, and data relevant to the research topic.
Secondary research
Which of the following is typically included in the Background section of a proposal?
Context and environment of the business problem
Your initial situation analysis with your clients about their business problem is providing limited information. You specifically need to better understand their product’s advantages and disadvantages, in the context of competitors’ products. Which ONE of the following techniques will BEST address this specific need?
SWOT analysis
Before recommending a primary research project, you should consider each of the following EXCEPT:
The best sampling frame to use for the business problem
True or False: Causal research often uses an experimental design to control for the influence of potential “causes” on the “effect” being studied.
True
Conducting a __________ analysis is the key to understanding the background / context of the business problem and possible underlying causes.
situation
All of the following are essential to the process of defining the business problem EXCEPT:
Estimate costs to address the problem
Each of the following are sources of secondary research data and findings EXCEPT:
Conducting qualitative research yourself
In __________ research, questions are often asked in different ways and in a different orders to participants.
qualitative
Your clients desire a much better understanding of all the interactions a customer has with their company and its products, particularly those interactions that would be considered “pain points.” What type of research should you recommend?
A qualitative journey mapping study