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MARKETING RESEARCH
Marketing Research
• Marketing research involves collecting,
organising, analysing and communicating
information that can be used in order to make
an informed marketing decision.
• Performing market research will complement
your marketing mix strategy as it enables you to
make educated decisions regarding selecting
markets, your image or branding and products
or services.
1. Define the Problem
• In this stage you need to identify the actual
problems that are relating to the apparent
symptoms.
• What information is needed in order to solve
the problem?
• For example, poor sales within a business are
not the problem, they are the symptom of a
larger issue such as a weak marketing strategy.
Further business problems may include:
• Who are your target customers?
• What method could be implemented to reach
these customers?
• Who are your customers and what advantages
and disadvantages do they have over your
business?
• What size is the consumer market you are trying
to engage?
2. Collect the Data
• There are two types of market research that can
be performed:
1. Primary research- involves collecting information
from sources directly by conducting interviews,
surveys and by talking to customers and
established businesses.
2.Secondary research- involves collecting
information from sources where the primary
research has already been conducted. Such
information includes industry statistics, market
research reports, news paper articles, etc.
3. Collection methods and techniques
• Qualitative research is where you seek an
understanding of why things are a certain way.
For example, a researcher may stop a shopper
and ask them why they bought a particular
product or brand.
• Quantitative research refers to measuring
market phenomena in a numerical sense, such
as when a bank asks consumers to rate their
service on a scale of one to ten.
4. Analyse and interpret the data
• You must attach meaning to the data you have
collected during your market research to make
sense of it and to develop alternative
solutions that could potentially solve your
business problem.
• You should determine how the knowledge you
have gained through researching your market
can be applied and used to develop effective
business strategies.
Implement your ACTION
• Put your final solution into practice.
• Without completing this step your research
could potentially have been a waste of your
time and resources.
Marketing Research Agencies in India
• IMRB International (“Indian Market Research Bureau”)
• Established in 1970
• Headquarter: Mumbai
• Operations in over 15 countries
• 1200 EMPLOYEES
• IMRB is a part of the Kantar Group, WPP’s(130,000EMPLOYEES) research,
insights, and consultancy network(100 countries), 30,000 EMPLOYEES
• IMRB has been responsible for establishing the first and television audience
measurement system and the first radio panel in the country
• IMRB International's specialised areas are consumer markets, industrial
marketing, business to business marketing, social marketing and rural
marketing
RNB Research
• RNB Research specializes in qualitative and quantitative
custom market research.
• Established in 1995
• Headquartered in New Delhi
• Member of the American Marketing Association (AMA),
Marketing Research Association (MRA), Council of
American Survey Research Organizations (CASRO)
• It has experience in most major sectors, particularly
consumer products, media, retail, financial services, food
and beverages, technology, telecommunications and
internet research.
Simple Survey Method
• Experts Opinion Poll
• Reasoned Opinion-Delphi
Technique(Delphi forecasting, is a forecasting
or estimating method based on a discussion
by a group of experts)
• Consumers Survey- Complete Enumeration
Method
• Consumer Survey- Sample Survey Method
• End-user Method of Consumers Survey (the
list of several users of the product)
Marketing research

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Marketing research

  • 2.
  • 3.
  • 4. Marketing Research • Marketing research involves collecting, organising, analysing and communicating information that can be used in order to make an informed marketing decision. • Performing market research will complement your marketing mix strategy as it enables you to make educated decisions regarding selecting markets, your image or branding and products or services.
  • 5.
  • 6.
  • 7. 1. Define the Problem • In this stage you need to identify the actual problems that are relating to the apparent symptoms. • What information is needed in order to solve the problem? • For example, poor sales within a business are not the problem, they are the symptom of a larger issue such as a weak marketing strategy.
  • 8. Further business problems may include: • Who are your target customers? • What method could be implemented to reach these customers? • Who are your customers and what advantages and disadvantages do they have over your business? • What size is the consumer market you are trying to engage?
  • 9. 2. Collect the Data • There are two types of market research that can be performed: 1. Primary research- involves collecting information from sources directly by conducting interviews, surveys and by talking to customers and established businesses. 2.Secondary research- involves collecting information from sources where the primary research has already been conducted. Such information includes industry statistics, market research reports, news paper articles, etc.
  • 10. 3. Collection methods and techniques • Qualitative research is where you seek an understanding of why things are a certain way. For example, a researcher may stop a shopper and ask them why they bought a particular product or brand. • Quantitative research refers to measuring market phenomena in a numerical sense, such as when a bank asks consumers to rate their service on a scale of one to ten.
  • 11. 4. Analyse and interpret the data • You must attach meaning to the data you have collected during your market research to make sense of it and to develop alternative solutions that could potentially solve your business problem. • You should determine how the knowledge you have gained through researching your market can be applied and used to develop effective business strategies.
  • 12. Implement your ACTION • Put your final solution into practice. • Without completing this step your research could potentially have been a waste of your time and resources.
  • 13. Marketing Research Agencies in India • IMRB International (“Indian Market Research Bureau”) • Established in 1970 • Headquarter: Mumbai • Operations in over 15 countries • 1200 EMPLOYEES • IMRB is a part of the Kantar Group, WPP’s(130,000EMPLOYEES) research, insights, and consultancy network(100 countries), 30,000 EMPLOYEES • IMRB has been responsible for establishing the first and television audience measurement system and the first radio panel in the country • IMRB International's specialised areas are consumer markets, industrial marketing, business to business marketing, social marketing and rural marketing
  • 14. RNB Research • RNB Research specializes in qualitative and quantitative custom market research. • Established in 1995 • Headquartered in New Delhi • Member of the American Marketing Association (AMA), Marketing Research Association (MRA), Council of American Survey Research Organizations (CASRO) • It has experience in most major sectors, particularly consumer products, media, retail, financial services, food and beverages, technology, telecommunications and internet research.
  • 15. Simple Survey Method • Experts Opinion Poll • Reasoned Opinion-Delphi Technique(Delphi forecasting, is a forecasting or estimating method based on a discussion by a group of experts) • Consumers Survey- Complete Enumeration Method • Consumer Survey- Sample Survey Method • End-user Method of Consumers Survey (the list of several users of the product)