Case Study - Marketing Research Ethical or More Profitable
1. Marketing Research on
ETHICAL or MORE
PROFITABLE ?
Guided by : Mervin Felix Caleb
Submitted by : Jallipalli Sai Teja
Allu Ganesh
Koppu Bhanu Prakash
M . Karthik
2. CASE STUDY :
A marketing research firm is hired by a major consumer
electronics company (e.g., Philips) to conduct a large
scale segmentation study with the objective of
improving market share .
Researcher after following the processes came to a
conclusion that problem is not market segmentation but
it is distribution.
Their main problem is lacking an effective distribution
system because of this their market share is limited .
For resolving this distribution problem it requires a
simple approach and this will reduce the cost and
expenses of the project and research firm profits .
3. What should the researcher do ???
Should the research firm conduct the research the
client wants rather than the research the client needs
??
4. Problem Identification :
Here a situation of looking into Ethics or Profits
occurred .
Ethical guidelines indicates that the research firm
has an obligation to disclose the actual problem
to the client .
Researcher can address the distribution problem
to the client, if he is interested in carrying out
the segmentation research .
The reason is that the researcher doesn’t know
the motivation underlying the client`s behavior .
5. Several ethical issues occur during development of
an approach .
Client also thinks in a way that he can gain
knowledge or expertise of research firms without
paying and subcontracting the research .
Ethically he cannot use the approaches of research
firm without paying them .
Research firm should also develop new and
innovative models for each client rather than using
the same old models for everyone .
6. Solution :
This type of ethical problems should be solved satisfactorily if
both the client and researcher adheres to the 7C`s :
Communication
Cooperation
Confidence
Candor
Closeness
Continuity
Creativity
7. Conclusion :
In this case both client & researcher should
look for ethics rather than profits .
Main thing matters in the business is
reputation and image .
Once if the trust and reputation degrades its
hard to retain .
Mutual understanding and trust between
client and researcher is a key to mutual
benefits .
8. Refernce :
From Marketing Research an applied orientation by Naresh
K Malhotra , Prentice hall of India Private limited.