Marketing research is a systematic process used to gather and analyze information to help companies make better business decisions. It involves both secondary and primary research. Secondary research involves reviewing existing information from sources like company files, publications and online databases. Primary research involves directly collecting new information through methods like interviews, surveys and focus groups. A key part of any marketing research project is developing a clear brief that specifies the business problem and desired outcomes. This will help ensure the research provides actionable insights and recommendations to guide decision making.
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Recruiting is evolving and so must we. Stay ahead by soaking in career advice from top staffing recruiters and firm leaders. Learn more: http://linkd.in/1IAWTqy
Welcome to Sawyer Executive Search, we are a private network for Executives. Whether your dream is to:
Land and succeed in a new $100K+ executive job,
Become better at facing the everyday challenges of your business, or
Tackle long-term goals and achieve your full potential as a business leader,
Staffing Professionals Tell All: Words of Wisdom from the Recruiting Front LinesLinkedIn Talent Solutions
Recruiting is evolving and so must we. Stay ahead by soaking in career advice from top staffing recruiters and firm leaders. Learn more: http://linkd.in/1IAWTqy
Welcome to Sawyer Executive Search, we are a private network for Executives. Whether your dream is to:
Land and succeed in a new $100K+ executive job,
Become better at facing the everyday challenges of your business, or
Tackle long-term goals and achieve your full potential as a business leader,
For over 30 years SG Talent has helped companies identify and recruit top talent. Clients include: Deloitte, Currax, Combs Enterprises, New York Life, just to name a few. We look forward to helping you too.
How to Make a Career Change without Sacrificing Your Market Value- Debra Feld...Debra Feldman
Debra Feldman, JobWhiz describes how to overcome barriers employers impose upon career changers, re-entry candidates and individuals seeking to switch roles. Learn how to preserve your market value and land a new job that matches the candidate's expectations for time commitment, location, responsibilities, compensation, life balance, future prospects, etc. Candidates, even those who want a job on very specific terms are not powerless. Take control over your career, communicate your value contribution and get the job offer you want. Network Purposefully (tm) to find a new situation where you will be appreciated and rewarded commensurate with your value. A different position is a legitimate job search objective: be sure to communicate compellingly how your background makes you a better prospect than someone who doesn't have your track record elsewhere to back them up and demonstrate an ability to deliver and not be any risk to an employer to hire for a new role.
Recruitment firms and hiring agencies need a robust marketing strategy to create brand recall and be preferred over others. A strategy that let them win their clients' trust.
This template is a set of questions designed to help you articulate the key elements of a business concept for a new venture or new product line.
Learn about the Business concept template here:
http://tools.tangiblefuture.com/business-concept.html
Mardis de l'AIGx - décembre 2014 - Pierre DAGNELIEAlain Krafft
Pierre Dagnelie est ingénieur agronome et docteur en sciences agronomiques, diplômé de la Faculté des Sciences agronomiques de Gembloux (actuellement Gembloux Agro-Bio Tech – Belgique). Il a acquis une formation complémentaire en mathématique et en statistique à l'Université libre de Bruxelles.
For over 30 years SG Talent has helped companies identify and recruit top talent. Clients include: Deloitte, Currax, Combs Enterprises, New York Life, just to name a few. We look forward to helping you too.
How to Make a Career Change without Sacrificing Your Market Value- Debra Feld...Debra Feldman
Debra Feldman, JobWhiz describes how to overcome barriers employers impose upon career changers, re-entry candidates and individuals seeking to switch roles. Learn how to preserve your market value and land a new job that matches the candidate's expectations for time commitment, location, responsibilities, compensation, life balance, future prospects, etc. Candidates, even those who want a job on very specific terms are not powerless. Take control over your career, communicate your value contribution and get the job offer you want. Network Purposefully (tm) to find a new situation where you will be appreciated and rewarded commensurate with your value. A different position is a legitimate job search objective: be sure to communicate compellingly how your background makes you a better prospect than someone who doesn't have your track record elsewhere to back them up and demonstrate an ability to deliver and not be any risk to an employer to hire for a new role.
Recruitment firms and hiring agencies need a robust marketing strategy to create brand recall and be preferred over others. A strategy that let them win their clients' trust.
This template is a set of questions designed to help you articulate the key elements of a business concept for a new venture or new product line.
Learn about the Business concept template here:
http://tools.tangiblefuture.com/business-concept.html
Mardis de l'AIGx - décembre 2014 - Pierre DAGNELIEAlain Krafft
Pierre Dagnelie est ingénieur agronome et docteur en sciences agronomiques, diplômé de la Faculté des Sciences agronomiques de Gembloux (actuellement Gembloux Agro-Bio Tech – Belgique). Il a acquis une formation complémentaire en mathématique et en statistique à l'Université libre de Bruxelles.
Mardis de l'AIGx
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The presentation gives some idea for the persons who are new to the "Marketing Research Process". It explains the entire process that is being processed in this Marketing Research Process.
Market research is one the most important factors for the companies when they start their businesses. It is the process of collecting and analyzing data that helps companies to understand their target market, customers, and competition. Here in this ppt, we share all information that you need in Market research which helps you to understand how companies can grow their business through Market Research services.
Market research is a crucial tool for businesses in marketing, providing insights into consumer behavior, preferences, and industry trends. It helps businesses identify opportunities, adapt to changing needs, optimize resource allocation, and strategically direct marketing efforts, ensuring long-term success in the dynamic marketplace.
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What is market research?
Market research is the process of gathering information about your business's buyers personas, target audience, and customers to determine how viable and successful your product or service would be among these people.
Market research tells you where these members of your audience and base of customers are conducting their own buyer research about products and services similar to those you sell. It also tells you what's trending in your industry, what your target audience and customers want and need out of products and services like yours, and what's influencing their decisions to convert and buy.Primary vs. Secondary Research
There are two main types of market research that your business can conduct to collect actionable information on your products including primary research and secondary research.
Primary Research
Primary research is the pursuit of firsthand information on your market and its customers. You can use focus groups, online surveys, phone interviews, and more to gather fresh details on the challenges your buyers face and the brand awareness behind your company.
Primary research is useful when segmenting your market and establishing your buyer personas, and this research tends to fall into one of two buckets:
· Exploratory Research: This kind of primary market research is less concerned with measurable customer trends and more about potential problems that would be worth tackling as a team. It normally takes place as a first step before any specific research has been performed, and can involve open-ended interviews or surveys with small numbers of people.
· Specific Research: This kind of primary market research often follows exploratory research, and is used to dive into issues or opportunities the business has already identified as important. In specific research, the business can take a smaller or more precise segment of their audience and ask questions aimed at solving a suspected problem.
Secondary Research
Secondary research is all the data and public records you have at your disposal to draw conclusions from. This includes trend reports, market statistics, industry content, and sales data you already have on your business.
Secondary research is particularly useful for analyzing your competitors. Here are three types of secondary research sources that make this process so beneficial:
· Public Sources: These sources are your first and most accessible layer of material when conducting secondary market research. Being free to find and read — usually — they offer the most bang for your buck. Government statistics are arguably your most common public sources, according to Entrepreneur. Two U.S. examples of public market data are the U.S. Census Bureau and the Bureau of Labor & Statistics, both of which offer helpful information on the state of various industries nationwide.
· Commercial Sources: These sources often come in the form of market reports, consisting o.
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Mardis de l'AIGx - Patrick DENIS
1. Les Mardis de l’AIGx
Thorembais-Saint-Trond
26 mars 2013
2. Démystifier les études de marché
Les comprendre et pouvoir les aborder
(Quelques exemples du secteur Pharma)
Ir Patrick Denis
Fondateur et Directeur de Talensis SPRL
International Consultant chez Borderless Executive Search
3. Talensis
• Created in October 2010
• I offer my experience to companies (client side and agency side) and
individuals to help them grow and fully exploit their potential
• Consultancy and support on an ad-hoc or longer term part-time basis,
depending on client's needs on:
Management ad interim of Market Research, Business/Market
Intelligence, Competitive Intelligence and Market Analytics projects,
Department set-up or Organizational changes
Business Development
Personal development, career coaching and professional guidance
• Usual clients are typically small or start-up companies requiring (part-time)
expert support and larger companies in need for experienced, directly
operational ad-hoc interim support
• Other activities include fine art/people/architecture photography and
scientific/medical translations
4. • Founded in 2000, Borderless is a retainer-based, direct search firm and
leadership consultancy, specializing in four B2B sectors :
Process & converting industries (chemicals,…)
Life sciences
Food processing
Environmental technologies
• Borderless consultants have each held senior leadership roles in
multinational organizations within one or more of the sectors we serve
• Working with clients worldwide, we operate from bases in Belgium,
France, Singapore, Sweden, Switzerland, United Kingdom , the United
Arab Emirates and the USA
http://borderless.net
Borderless Executive Search
5. • Borderless is a trusted partner for companies requiring assistance in :
finding and attracting executives for roles in board, general
management and functional leadership positions
designing leadership and talent management strategies
facilitating the onboarding of new executives during the first 100 days
in their new role
• Clients and candidates alike have praised our people-friendly, service-
intensive approach to delivering results.
http://borderless.net
Borderless Executive Search
6. Today’s goals
Allow each one of you to :
avoid common pitfalls
discuss with, understand and challenge a
Marketing Research agency
commission and get the most of a Marketing
Research project
7. Agenda
Marketing Research
Desk Research
Field Research
Marketing Research Process
Marketing Research Planning
Conclusions
12. Knowledge for the sake of knowledge can be a waste of time and
money for a commercial, profit-making organization
What is Marketing Research ?
13. What is Marketing Research : Definition
Marketing Research is the systematic and objective
search for, analysis, storage and distribution of
information relevant to any clearly identified problem
relating to the marketing (4 Ps) of goods and services
undertaken to increase the likelihood of the most
effective marketing action to be implemented
14. What is Marketing Research : Objective
“Marketing Research has only one use : To help
managers make the best business decisions. Unless it
does this, Marketing Research is a wasted effort”
“Future business decisions should always be specified
in the description of any Marketing Research project”
Dr. Walter Williamson
Mgr. Marketing & Business Research
DuPont (Polymer Prod. Dept)
15. Marketing Research should be forward looking and
relate to decision-making.
It is not a substitute for decision-making, but a key-aid
to this process.
What is Marketing Research : Objective
16. What is Marketing Research :
Characteristics
• It can
Save you, make you or cost you a lot of money
Be “quick and dirty”
Or be expensive and precise
Help you make decisions
• It cannot/should not
Be used to justify past actions
Make decisions for you
17. Most of the time, the facts and knowledge you need are more easily
obtainable than you probably realize
18. Benefits of Marketing Research
Implementation of the most effective marketing action
Replaces subjective opinion with hard facts
Reduces business risks
Confers competitive advantage
Instills confidence
Focuses on key issues
19. The 5 “C’s” of Marketing Research
The importance of : CCompetence
The need for : CCreativity
The awareness of : CChange
The need to : CCommunicate
The establishment of : CCredibility
20. International vs Home Marketing
Research
Language
Culture
Economic differences
Political and legal factors
Climate and geography
Business practices
Standards
Aspects :
21. Types of Marketing Research
Marketing Research
Ad-hoc Continuous
Desk Research
(Secondary Research)
Field Research
(Primary Research)
Continuous
Tracking
Periodic
Monitoring
Qualitative
Research
Quantitative
Research
22. What Information can Marketing Research
provide ?
Market Research
Size, players’ profile, market shares, imports,
exports, trend data,...
Product Research
What is right or wrong with the products or services
sold, formulation used, pricing issues, competitive
molecules, concept testing, name testing, packaging
studies,...
Advertising and Promotional Research
Most effective ways of communicating
with/influencing key decision-makers, media
research, detail folder and advertisement testing,...
23. What Information can Marketing Research
provide ?
Distribution Research
Distribution channels being used
Motivational Research
Buying process (influencers, choice criteria,...),...
Attitude/Image Research
Customers’ attitudes, to the products and their suppliers, reaction to
changes, brand awareness, corporate image study,...
Customer Service/Satisfaction Research
Customers’ key requirements and how do suppliers rate on these key
attitudes,...
Sales Force Effectiveness Studies
M & A and Other Financial Information Research
Competitive Intelligence Research
24. Internal vs. External
• The decision to outsource or not the Marketing
Research project can be influenced by :
Costs of the research
Lack of internal “know-how”
Lack of internal resources (local/corporate)
Objectivity and credibility of an external input
27. “Pulling together a number of different information
sources to create a picture of a situation within a
market”
Desk Research : what is it ?
28. Desk Research purposes
Performance measurement: historical analysis
Market evaluation: defining a market
Assistance in specifying the Field Research: e.g.
universe size, composition, segmentation,…
29. Desk Research sources
• Desk Research : Secondary Data sources
In-house information (company files, MIS, people,...)
Libraries : magazines, directories, publications, journals,...
Stockbrokers and banks
Commercial marketing research organizations : multi-client
studies
Government
Universities
On-line databases, internet
Professional/Trade associations and personal contacts
30. Desk Research application: Information Tracking
System
• Monitor sales, usage and performance
Product sales vs competitors to detect changes
Sales/usage by diseases
Changes in Rx size, length of therapy, dosage form
Promotional message and impact on sales
Representative detailing by specialty
• Use the Secondary Data available
Compile in a systematic/usable form
Issue regular summary reports
Highlight changes in trends
32. Field Research sources
• Field Research : Primary Data sources
Personal interviews
Telephone interviews Each using
Mail questionnaires various specific
Group discussions techniques
Panels
34. Qualitative
Quantitative
Field Research: types
Discovering attitudes, beliefs and responses to
products, situations, events, advertising, etc.
Smaller sample size
Measuring the extent of attitudes and beliefs, etc.
Measuring product usage (or non-usage)
Estimating frequencies of events
Numerical
Larger sample size
35. Sample Range of Range of
size error “true” figures*
_________________________________________________
100 10% 40 to 60%
300 6% 44 to 56%
500 5% 45 to 55%
1000 3% 47 to 53%
_________________________________________________
* When the figure obtained is 50 percent.
Source : Marketing Research, G. Breen & A. Blankenship
Error range versus sample size
36. Sample size and population size
The statistical accuracy of your survey results depends on how many
people you have interviewed NOT on the size of the population
37. Suitable for:
Advantages:
Disadvantages:
Group discussions or Focus groups
Initial, exploratory research
Definition of the research problem
Generating and testing product and promotional ideas
Aid in designing the research program, questionnaire,
concept statements, etc…
Economical (compared to cost of personal in-depth interviews)
Fast – can be set up and carried out within short period of time
Unstructured format flexible for exploratory stages of research
Requires highly-skilled moderator
Very susceptible to bias - from moderator and from group members
Analysis requires considerable skill
38. Suitable For:
Advantages:
Personal interviews
Initial, exploratory research
Basic, structured survey research
Small or large sample sizes
Flexible - as to topic, content (visual aids, picture),
length, place of interview (office, hospital, hotel, etc...)
Accessible - all types of respondents can be reached
Fewer problems with non-response than telephone
and mail surveys
Adaptable - open-ended and structured questions
39. Disadvantages:
Applications:
Personal interviews
Bias from interaction of interviewer and respondent
Time consuming - training of interviewers and supervision
of field personnel
Expensive - depending on length and complexity of the
interview and level of skill required of the interviewer,
geographic distribution and availability of respondents
Personal interviews with physicians/surgeons in offices,
clinics and hospitals
Personal interviews at medical meetings, congresses, seminars
and symposia
41. Flowchart of a Marketing Research
project
Definition of the Problem
Exploratory Research
Results of the Exploratory Research
Descriptive Research
Conclusions and Recommendations
Decisions/Action Plan
Problem well defined
Problem
badly
defined
Problem not solved
Problem solved
42. Databases
Published Information
Objectives
Questionnaire
Survey
Tabulate
Report
Positioning
Targeting
Marketing Research study process
Desk/Secondary Research
Field/Primary Research
Marketing
43. Critical stages of Market Research
Briefing : internal preparation
Briefing to the Market Research agency
Review of research proposals from the MR agency
Selection of MR agency
Designing the questionnaire and pre-testing
Controlling the development of the project
Data interpretation
Presentation of the findings and “actionable” recommendations
Action plan
44. Most important steps
• Briefing : internal preparation
The issue : the key to good research
45. Marketing Research process
What information do you need ?
What decisions do you have to make or actions to take ?
Can the research achieve this for you ?
What is it worth ?
Have you got the requirements right ?
What do you want to know and what will you do with it ?
46. Marketing Research process
What information do you already have ?
Have you got the budget for it ?
How accurate must the data be ?
What timescale ?
Who should undertake the research ?
In-company vs external ?
If external: Research brief, choice of possible
consultants, briefings, research proposals,
selection of consultant, research, final
report, research results, recommendations
and action plan
47. Most important steps
• Briefing to the Market Research agency
Information on company and products
Information on market
Research objectives
Research design
Timing
48. Most important steps (Cont’d)
• Review of Research Proposals from the MR agency
Understanding of company problem
Research method with justification
Description of the population and proposed sample
Sample forming
Organization of the field work
Flow chart of the questionnaire
Data processing
Timing
Cost
52. Each question should have a specific meaning and one that is the same
for every respondent
Designing the questionnaire
53. • Controlling the development of the project
Close and regular contact with the agency during the
whole process
• Data Interpretation
Analysis instructions, code book, ...
• Presentation of the findings and recommendations
• Format, content
“Actionable” recommendations
• Action Plan
Ownership
Deadlines
Most important steps (Cont’d)
57. Marketing Research : Professional
Associations
These are representative bodies of individuals who
are engaged in Marketing Research.
Their aim is to ensure that professional standards are
maintained, that knowledge is communicated, and
that the value of research is appreciated by the
business community and by the public at large.
58. Marketing Research Code of Conduct
The Code of Conduct is designed to support all those
engaged in Marketing Research in maintaining
professional standards throughout the industry.
Assurance that research is conducted in an ethical
manner is needed to create confidence in, and to
encourage cooperation among the business community,
the general public and others.
Aim :
62. What is Marketing Research : Objective
“Marketing Research has only one use : To help
managers make the best business decisions. Unless it
does this, Marketing Research is a wasted effort”
“Future business decisions should always be specified
in the description of any Marketing Research project”
Dr. Walter Williamson
Mgr. Marketing & Business Research
DuPont (Polymer Prod. Dept)
63. Marketing Research should be forward looking and
relate to decision-making.
It is not a substitute for decision-making, but a key-aid
to this process.
What is Marketing Research : Objective
64. Today’s goals
Allow each of you to :
avoid common pitfalls
discuss with, understand and challenge a
Marketing Research agency
commission and get the most of a Marketing
Research project