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BMGT 311: Chapter 1
Chapter 1:Introduction to Marketing Research
Learning Objectives
• To know the relationship of
marketing research to
marketing, the marketing
concept, and marketing
st...
Learning Objectives
• To see examples of marketing
research for evaluating target
markets, product research,
pricing resea...
http://familiesproject.bettycrocker.com
The Families Project: General Mills
• If you were an executive at General Mills, how would this report:

• Affect your mark...
General Mills: Insight in Action
http://youtu.be/Z01qH-jqGBY
Marketing
• Marketing is the activity,
set of institutions, and
processes for creating,
communicating,
delivering, and
exc...
Marketing Concept
• The marketing concept is
a business philosophy
that holds that the key to
achieving organizational
goa...
Marketing Strategy
• A marketing strategy
consists of selecting a
segment of the market as
the company’s target
market and...
Marketing Research?



• Marketing research is the process of
designing, gathering, analyzing, and
reporting information t...
Marketing Research?



• Marketing research: the function that
links the consumer, customer, and
public to the marketer th...
Marketing Research vs. 

Market Research

• Marketing research: a process used by
businesses to collect, analyze, and
inte...


Marketing Research Function 

• Link the consumer to the marketer by
providing information that can be used
in making ma...
Marketing Research is not Perfect

• Marketing research stated these
“successes” would be “failures:”
• Seinfeld
• Marketi...
http://www.youtube.com/
watch?v=HRWelTDdHJM
Uses of 

Marketing Research?

• Identify marketing opportunities and
problems
• Generate, refine, and evaluate
potential ...
Identify Marketing Opportunities and Problems
Studies
• Market-demand determination
• Market segments identification
• Mar...
Studies that Generate, Refine, and Evaluate
Potential marketing actions:
• Proposed marketing-mix evaluation
testing
• New...
Studies that Monitor Marketing Performance
!
• Image analysis
• Tracking studies
• Customer satisfaction studies
• Employe...
Improving Marketing as a Process
!
• Basic research is conducted to
expand our knowledge rather than to
solve a specific p...
Can We Determine If 

Something Is Wrong?
• Most marketing research studies
are trying to understand and
predict consumer ...
The Marketing Information System
!
• A MIS is a structure consisting of
people, equipment, and procedures
to gather, sort,...
The Marketing Information System
CRM - Customer Relationship Management
!
• CRM - Customer Relationship Management: The
process used for implementing a rel...
CRM - Customer Relationship Management
!
• My Sheetz Card:
• This card is a CRM tool:
• Tracks customer spending by offeri...
CRM - Customer Relationship Management
!
• Can you name some other companies or brands with
strong CRM tools?
• How do the...
Bringing Data to Life: The Marketing Researchers
Job
http://www.census.gov/prod/2013pubs/p60-245.pdf
Bringing Data to Life: The Marketing Researchers
Job
http://www.census.gov/prod/2013pubs/p60-245.pdf
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Bmgt 311 2013_chapter_1

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BMGT 311, Marketing Research, Chris Lovett Fall 2014

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Bmgt 311 2013_chapter_1

  1. 1. BMGT 311: Chapter 1 Chapter 1:Introduction to Marketing Research
  2. 2. Learning Objectives • To know the relationship of marketing research to marketing, the marketing concept, and marketing strategy • To know how to define marketing research • To understand the function and uses of marketing research
  3. 3. Learning Objectives • To see examples of marketing research for evaluating target markets, product research, pricing research, promotion research, and distribution research • To describe a marketing information system (MIS) and understand why marketing research occupies a place in an MIS
  4. 4. http://familiesproject.bettycrocker.com
  5. 5. The Families Project: General Mills • If you were an executive at General Mills, how would this report: • Affect your marketing/advertising plans? • Your product development strategy? • Your HR Strategy?
  6. 6. General Mills: Insight in Action http://youtu.be/Z01qH-jqGBY
  7. 7. Marketing • Marketing is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.
  8. 8. Marketing Concept • The marketing concept is a business philosophy that holds that the key to achieving organizational goals consists of the company’s being more effective than competitors in creating, delivering, and communicating customer value to its chosen target markets.
  9. 9. Marketing Strategy • A marketing strategy consists of selecting a segment of the market as the company’s target market and designing the proper “mix” of the product/service, price, promotion, and distribution system to meet the wants and needs of the consumers within the target market.
  10. 10. Marketing Research?
 
 • Marketing research is the process of designing, gathering, analyzing, and reporting information that may be used to solve a specific marketing problem. • Burns/Bush Definition
  11. 11. Marketing Research?
 
 • Marketing research: the function that 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 the understanding of marketing as a process • AMA Definition
  12. 12. Marketing Research vs. 
 Market Research
 • Marketing research: a process used by businesses to collect, analyze, and interpret information used to make sound business decisions and successfully manage the business • Market research: a process used to define the size, location, and/or makeup of the market for a product or service
  13. 13. 
 Marketing Research Function 
 • Link the consumer to the marketer by providing information that can be used in making marketing decisions
  14. 14. Marketing Research is not Perfect
 • Marketing research stated these “successes” would be “failures:” • Seinfeld • Marketing research stated these “failures would be “successes:” • Sun Chips Compostable Bag
  15. 15. http://www.youtube.com/ watch?v=HRWelTDdHJM
  16. 16. Uses of 
 Marketing Research?
 • Identify marketing opportunities and problems • Generate, refine, and evaluate potential marketing actions • Monitor marketing performance • Improve marketing as a process
  17. 17. Identify Marketing Opportunities and Problems Studies • Market-demand determination • Market segments identification • Marketing audits - SWOT analysis • Competitive Analysis
  18. 18. Studies that Generate, Refine, and Evaluate Potential marketing actions: • Proposed marketing-mix evaluation testing • New-product prototype testing • Advertising pretesting • Pricing tests
  19. 19. Studies that Monitor Marketing Performance ! • Image analysis • Tracking studies • Customer satisfaction studies • Employee satisfaction surveys • Tracking social media
  20. 20. Improving Marketing as a Process ! • Basic research is conducted to expand our knowledge rather than to solve a specific problem. • Applied research is conducted to solve specific problems.
  21. 21. Can We Determine If 
 Something Is Wrong? • Most marketing research studies are trying to understand and predict consumer behavior, which is a difficult task.
  22. 22. The Marketing Information System ! • A MIS is a structure consisting of people, equipment, and procedures to gather, sort, analyze, evaluate, and distribute needed, timely, and accurate information to marketing decision makers.
  23. 23. The Marketing Information System
  24. 24. CRM - Customer Relationship Management ! • CRM - Customer Relationship Management: The process used for implementing a relationship marketing strategy • CRM is based on: • Customer/Market Knowledge: collecting data about the customer • Data Integration: setting up a data warehouse from multiple sources into a single shared depository of data • Customer profiles and customer segmentation: developed and created to create better targeting marketing programs in an organization
  25. 25. CRM - Customer Relationship Management ! • My Sheetz Card: • This card is a CRM tool: • Tracks customer spending by offering discounts on gas and food • Tracks in-store spending • Links card to e-mail offering deals that are relevant to your spending • Helps marketing managers make more effective decisions and offer programs customized to each customer
  26. 26. CRM - Customer Relationship Management ! • Can you name some other companies or brands with strong CRM tools? • How do they track data? • How do they market to you? • Visit www.aboutthedata.com and see how much data of yours is out there
  27. 27. Bringing Data to Life: The Marketing Researchers Job http://www.census.gov/prod/2013pubs/p60-245.pdf
  28. 28. Bringing Data to Life: The Marketing Researchers Job http://www.census.gov/prod/2013pubs/p60-245.pdf

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