SlideShare a Scribd company logo
1 of 3
Market Research Examination (T.Jolley element only)
                       December 2008
                              GUIDELINE ANSWERS



Time Allowed:          30 minutes.

Instructions           Answer ONE question from a choice of two below:
                       • IN ENGLISH
                       • In the format of an ESSAY.

                       Both questions carry equal marks.

                       German/English and English /German Dictionaries are
                       permitted.


Q1. "Many definitions of the term 'Market Research' seem to be desperately narrow
in their scope, restricting themselves to little more than the activity of acquiring data.
But unless such data be transformed into learning which, in turn, becomes the
catalyst for organisational change, then it will have served little purpose indeed."
Siggins (2008)

Discuss, making specific reference to definitions you may have analysed or indeed
developed.



GUIDELINE ANSWER:

Students are invited to ‘attack’ the question by directly addressing the quotation itself
which provides a number of key issues to be focused upon as the basic structure for an
answer:

•   Returns not achieved because of:
    • Lack of understanding of the nature and role of Market Research as the prime
        agent of
        • Learning
        • Change
•   Concentration upon data collection
•   Failure to translate the data into something useful

In addressing the above students are required to:
 • Critique various definitions of Market Research
 • Produce a more comprehensive definition

Students should draw upon professional and academic definitions of this function (9
were provided in class) and their own understanding of the nature and role of the
function from a definition researched, created and enhanced in class which drew upon
the strengths of the others in order to produce something far more comprehensive.
Students should also appreciate that there is a big difference between data acquisition
and quality management decision-making, involving the transition of such data in two
perspectives: User and Process:

USER: Data  Information  Communication  Understanding  Knowledge  Learning  Change

PROCESS: Data Definition  Collection  Presentation  Analysis  Interpretation  Evaluation 
Synthesis  Conclusions  Recommendations

Students should be able to focus upon the above to demonstrate a clear understanding
of what can happen to dilute the potential value of the data in the transition process to
learning.




Q2. "Researching international Tourism markets can be costly indeed if one thinks
only to use international consultancies. Managers therefore need to be highly
proficient internet researchers skilled in defining and accessing critical and reliable
data sources increasingly available online. Beyond this, they also need to be highly
creative in finding alternative means of securing data not available online". Grimes
(2007)

Discuss,



 GUIDELINE ANSWER:

Students are invited to ‘attack’ the question by directly addressing the quotation itself
which provides a number of key issues to be focused upon as the basic structure for an
answer:

    •   International consultancy research (in the region of 1000€ per man day)
    •   Highly proficient internet researchers:
            o Defining and accessing
            o Critical and reliable data
    •   Increasing online availability of data
            o Censuses
            o Government data (like UK Office of National Statistics)
    •   Beyond the internet / alternative means

Students should demonstrate a sense of the enormity of research into an international
market: the sheer wealth of information that exists, yet the difficulty in 'drilling down'
sufficiently to access information critical to the market research project They should
also not neglect the need to be highly specific in the determination of search targets
and be acutely aware that they must always question the validity of material online
before employing it. Many of the sources used by consultants are, in fact, freely
available online and it is therefore wasteful to introduce a high-cost intermediary
unnecessarily.

As to 'alternative means' in the context where large budgets are not available and
internet research has not delivered, students undertook a realistic work environment
project in class in which they had to become creative in this respect. Their (not at all
unreasonable ideas) included, inter alia:
•   The use of ex-pats working for organisations in the target country
•   Tourist boards at regional and national level who profile originator markets
•   Government export agencies ..........................................................
•   Using mid/low price consultancy means: perhaps a specialist Tourism
    Lecturer in a University or a small independent consultancy in the target
    market country. This also has the advantage of avoiding inter-cultural
    problems in the primary research or the interpretation of the data.
•   Use of C2C sites like Tripadvisor etc
•   Using Tourism students on placement as research generating resources
•   Developing contacts with Tourism-teaching institutions in the target country
    with a view to 'incentivising' some well-targeted student assignments / projects
    / theses etc concerning market research.

                 -------------------------------------------------------




                                                                   T. Jolley   01.12.08

More Related Content

More from Tonyversity (20)

Micai ic marketing new schedule and assignment
Micai ic marketing new schedule and assignmentMicai ic marketing new schedule and assignment
Micai ic marketing new schedule and assignment
 
Political power
Political powerPolitical power
Political power
 
T2 spec marketing process
T2 spec marketing processT2 spec marketing process
T2 spec marketing process
 
Power musings
Power musingsPower musings
Power musings
 
M1 Intercultural Marketing T Sched Inc Assmt
M1 Intercultural Marketing T Sched Inc AssmtM1 Intercultural Marketing T Sched Inc Assmt
M1 Intercultural Marketing T Sched Inc Assmt
 
M1 Intercultural Marketing Unit Spec
M1 Intercultural Marketing Unit SpecM1 Intercultural Marketing Unit Spec
M1 Intercultural Marketing Unit Spec
 
Sim 4 Forecasting 2025 Vision
Sim 4 Forecasting 2025 VisionSim 4 Forecasting 2025 Vision
Sim 4 Forecasting 2025 Vision
 
Sim 3 Site Neg Agenda
Sim 3 Site Neg AgendaSim 3 Site Neg Agenda
Sim 3 Site Neg Agenda
 
Col Sim 3 Devmt Site Neg
Col Sim 3 Devmt Site NegCol Sim 3 Devmt Site Neg
Col Sim 3 Devmt Site Neg
 
Sim 2 Hrm
Sim 2 HrmSim 2 Hrm
Sim 2 Hrm
 
Sim 2 Hrm
Sim 2 HrmSim 2 Hrm
Sim 2 Hrm
 
Col Sim Hrm
Col Sim HrmCol Sim Hrm
Col Sim Hrm
 
Col Bus Sim Ol
Col Bus Sim OlCol Bus Sim Ol
Col Bus Sim Ol
 
Simulation Scenario Context
Simulation Scenario ContextSimulation Scenario Context
Simulation Scenario Context
 
Challenge Everything
Challenge EverythingChallenge Everything
Challenge Everything
 
Col Cult Communication Process
Col Cult Communication ProcessCol Cult Communication Process
Col Cult Communication Process
 
1960s
1960s1960s
1960s
 
Project Proposition Form
Project Proposition FormProject Proposition Form
Project Proposition Form
 
T 1b Theorists Defs
T 1b Theorists DefsT 1b Theorists Defs
T 1b Theorists Defs
 
T1 D Previous Defs And Master
T1 D Previous Defs And MasterT1 D Previous Defs And Master
T1 D Previous Defs And Master
 

Recently uploaded

What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...
srcw2322l101
 

Recently uploaded (20)

Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by AccionSeries A Fundraising Guide (Investing Individuals Improving Our World) by Accion
Series A Fundraising Guide (Investing Individuals Improving Our World) by Accion
 
Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)Special Purpose Vehicle (Purpose, Formation & examples)
Special Purpose Vehicle (Purpose, Formation & examples)
 
HAL Financial Performance Analysis and Future Prospects
HAL Financial Performance Analysis and Future ProspectsHAL Financial Performance Analysis and Future Prospects
HAL Financial Performance Analysis and Future Prospects
 
Aptar Closures segment - Corporate Overview-India.pdf
Aptar Closures segment - Corporate Overview-India.pdfAptar Closures segment - Corporate Overview-India.pdf
Aptar Closures segment - Corporate Overview-India.pdf
 
Copyright: What Creators and Users of Art Need to Know
Copyright: What Creators and Users of Art Need to KnowCopyright: What Creators and Users of Art Need to Know
Copyright: What Creators and Users of Art Need to Know
 
Sedex Members Ethical Trade Audit (SMETA) Measurement Criteria
Sedex Members Ethical Trade Audit (SMETA) Measurement CriteriaSedex Members Ethical Trade Audit (SMETA) Measurement Criteria
Sedex Members Ethical Trade Audit (SMETA) Measurement Criteria
 
Creative Ideas for Interactive Team Presentations
Creative Ideas for Interactive Team PresentationsCreative Ideas for Interactive Team Presentations
Creative Ideas for Interactive Team Presentations
 
Making Sense of Tactile Indicators: A User-Friendly Guide
Making Sense of Tactile Indicators: A User-Friendly GuideMaking Sense of Tactile Indicators: A User-Friendly Guide
Making Sense of Tactile Indicators: A User-Friendly Guide
 
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...
Unleash Data Power with EnFuse Solutions' Comprehensive Data Management Servi...
 
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdfبروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
بروفايل شركة ميار الخليج للاستشارات الهندسية.pdf
 
MichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdfMichaelStarkes_UncutGemsProjectSummary.pdf
MichaelStarkes_UncutGemsProjectSummary.pdf
 
HR and Employment law update: May 2024.
HR and Employment law update:  May 2024.HR and Employment law update:  May 2024.
HR and Employment law update: May 2024.
 
Pitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deckPitch Deck Teardown: Terra One's $7.5m Seed deck
Pitch Deck Teardown: Terra One's $7.5m Seed deck
 
How Do Venture Capitalists Make Decisions?
How Do Venture Capitalists Make Decisions?How Do Venture Capitalists Make Decisions?
How Do Venture Capitalists Make Decisions?
 
How to Maintain Healthy Life style.pptx
How to Maintain  Healthy Life style.pptxHow to Maintain  Healthy Life style.pptx
How to Maintain Healthy Life style.pptx
 
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
8 Questions B2B Commercial Teams Can Ask To Help Product Discovery
 
What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...What is paper chromatography, principal, procedure,types, diagram, advantages...
What is paper chromatography, principal, procedure,types, diagram, advantages...
 
TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024TriStar Gold Corporate Presentation May 2024
TriStar Gold Corporate Presentation May 2024
 
Stages of Startup Funding - An Explainer
Stages of Startup Funding - An ExplainerStages of Startup Funding - An Explainer
Stages of Startup Funding - An Explainer
 
The Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdfThe Truth About Dinesh Bafna's Situation.pdf
The Truth About Dinesh Bafna's Situation.pdf
 

Mkt Res Dec 08 Exam Tj Inc Guideline Answers

  • 1. Market Research Examination (T.Jolley element only) December 2008 GUIDELINE ANSWERS Time Allowed: 30 minutes. Instructions Answer ONE question from a choice of two below: • IN ENGLISH • In the format of an ESSAY. Both questions carry equal marks. German/English and English /German Dictionaries are permitted. Q1. "Many definitions of the term 'Market Research' seem to be desperately narrow in their scope, restricting themselves to little more than the activity of acquiring data. But unless such data be transformed into learning which, in turn, becomes the catalyst for organisational change, then it will have served little purpose indeed." Siggins (2008) Discuss, making specific reference to definitions you may have analysed or indeed developed. GUIDELINE ANSWER: Students are invited to ‘attack’ the question by directly addressing the quotation itself which provides a number of key issues to be focused upon as the basic structure for an answer: • Returns not achieved because of: • Lack of understanding of the nature and role of Market Research as the prime agent of • Learning • Change • Concentration upon data collection • Failure to translate the data into something useful In addressing the above students are required to: • Critique various definitions of Market Research • Produce a more comprehensive definition Students should draw upon professional and academic definitions of this function (9 were provided in class) and their own understanding of the nature and role of the function from a definition researched, created and enhanced in class which drew upon the strengths of the others in order to produce something far more comprehensive.
  • 2. Students should also appreciate that there is a big difference between data acquisition and quality management decision-making, involving the transition of such data in two perspectives: User and Process: USER: Data  Information  Communication  Understanding  Knowledge  Learning  Change PROCESS: Data Definition  Collection  Presentation  Analysis  Interpretation  Evaluation  Synthesis  Conclusions  Recommendations Students should be able to focus upon the above to demonstrate a clear understanding of what can happen to dilute the potential value of the data in the transition process to learning. Q2. "Researching international Tourism markets can be costly indeed if one thinks only to use international consultancies. Managers therefore need to be highly proficient internet researchers skilled in defining and accessing critical and reliable data sources increasingly available online. Beyond this, they also need to be highly creative in finding alternative means of securing data not available online". Grimes (2007) Discuss, GUIDELINE ANSWER: Students are invited to ‘attack’ the question by directly addressing the quotation itself which provides a number of key issues to be focused upon as the basic structure for an answer: • International consultancy research (in the region of 1000€ per man day) • Highly proficient internet researchers: o Defining and accessing o Critical and reliable data • Increasing online availability of data o Censuses o Government data (like UK Office of National Statistics) • Beyond the internet / alternative means Students should demonstrate a sense of the enormity of research into an international market: the sheer wealth of information that exists, yet the difficulty in 'drilling down' sufficiently to access information critical to the market research project They should also not neglect the need to be highly specific in the determination of search targets and be acutely aware that they must always question the validity of material online before employing it. Many of the sources used by consultants are, in fact, freely available online and it is therefore wasteful to introduce a high-cost intermediary unnecessarily. As to 'alternative means' in the context where large budgets are not available and internet research has not delivered, students undertook a realistic work environment project in class in which they had to become creative in this respect. Their (not at all unreasonable ideas) included, inter alia:
  • 3. The use of ex-pats working for organisations in the target country • Tourist boards at regional and national level who profile originator markets • Government export agencies .......................................................... • Using mid/low price consultancy means: perhaps a specialist Tourism Lecturer in a University or a small independent consultancy in the target market country. This also has the advantage of avoiding inter-cultural problems in the primary research or the interpretation of the data. • Use of C2C sites like Tripadvisor etc • Using Tourism students on placement as research generating resources • Developing contacts with Tourism-teaching institutions in the target country with a view to 'incentivising' some well-targeted student assignments / projects / theses etc concerning market research. ------------------------------------------------------- T. Jolley 01.12.08