This document defines and compares different types of research including primary research, secondary research, quantitative research, qualitative research, audience research, market research, and production research. It provides the definition, advantages, disadvantages, and examples of each type of research. Key terminology used in research is also defined.
Sources of Data-Primary Sources of Data & Secondary Sources - Data collection methods - Collection Methods-
Interviews: Structured Interviews and Unstructured Interviews etc
Sources of Data-Primary Sources of Data & Secondary Sources - Data collection methods - Collection Methods-
Interviews: Structured Interviews and Unstructured Interviews etc
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Transforming Brand Perception and Boosting Profitabilityaaryangarg12
In today's digital era, the dynamics of brand perception, consumer behavior, and profitability have been profoundly reshaped by the synergy of branding, social media, and website design. This research paper investigates the transformative power of these elements in influencing how individuals perceive brands and products and how this transformation can be harnessed to drive sales and profitability for businesses.
Through an exploration of brand psychology and consumer behavior, this study sheds light on the intricate ways in which effective branding strategies, strategic social media engagement, and user-centric website design contribute to altering consumers' perceptions. We delve into the principles that underlie successful brand transformations, examining how visual identity, messaging, and storytelling can captivate and resonate with target audiences.
Methodologically, this research employs a comprehensive approach, combining qualitative and quantitative analyses. Real-world case studies illustrate the impact of branding, social media campaigns, and website redesigns on consumer perception, sales figures, and profitability. We assess the various metrics, including brand awareness, customer engagement, conversion rates, and revenue growth, to measure the effectiveness of these strategies.
The results underscore the pivotal role of cohesive branding, social media influence, and website usability in shaping positive brand perceptions, influencing consumer decisions, and ultimately bolstering sales and profitability. This paper provides actionable insights and strategic recommendations for businesses seeking to leverage branding, social media, and website design as potent tools to enhance their market position and financial success.
2. Terminology
• Circulation : how many products are distributed
• Hits : the number of visitors on a webpage
• Box Office Figures : how many people purchase it at theatres
• Ratings : what people think about something usually given in a
percentage or star rating
• Sales : how many copies or products have been sold
3. Primary Research
• Definition : Primary research is data which is obtained first-hand. This means that the researcher
conducts the research themselves or commissions the data to be collected on their behalf.
• Advantages : Primary research guarantees that the information collected is up to date and relevant ,
enabling accurate trends to be revealed. Primary research also allows the person or organisation to
control ownership of the data.
• Disadvantages : Primary research is defined as a methodology used by researchers to collect data
directly, rather than depending on data collected from previously done research. Primary research
is solely carried out to address a certain problem, which requires in-depth analysis.
• Example : surveys
4. Secondary Research
• Definition : secondary research or desk research is a research method that involves using already
existing data. These documents can be made available by public libraries, websites, data obtained
from already filled in surveys etc.
• Advantages : it is a less expensive and less time-consuming process as data required is easily
available and doesn't cost much if extracted from authentic sources
• Disadvantages : A major disadvantage of using secondary data is that it may not answer the
researchers specific research questions or contain specific information that the researcher would
like to have.
• Example : textbooks
5. Quantitative Research
• Definition : An example of quantitative research is the survey conducted to understand the amount
of time a doctor tends to take when the patient walks into the hospital.
• Advantages : the purpose of quantitative research is to attain greater knowledge and understanding
of the social world. Researchers use quantitative methods to observe situations or events that
affect people. Quantitative research produces objective data that can be clearly communicated
through statistics and numbers.
• Disadvantages : False focus on numbers. Quantitative research can be limited in its pursuit of
concrete, statistical relationships, which can lead to researchers overlooking broader themes and
relationships.
• Example : A tablet weighs 1.5 pounds.
6. Qualitative Research
• Definition : it is a process of naturalistic inquiry that seeks an in depth
understanding of social phenomena within their natural setting.
• Advantages : It provides depth and detail: Analysing thoughts, feelings and
behaviours to explore the 'why'. It encourages discussion: When people expand on
why they feel or act a certain way, it can introduce new topic areas not previously
considered.
• Disadvantages : It is not a statistically representative form of data collection.
• Example : narrative
7. Audience Research
• Definition : audience research is essentially any research conducted on a specific sample in order to find out about
their attitudes, behaviours and habits. The definition of 'audience' is important, but changeable.
• Advantages : Knowing your audience can help you target the right group of people. You'll have more effective
marketing spending. You can better focus your messaging. tailored to focus on their needs, not the needs of the
entire universe. It's a better use of your time—more spent serving your best customers and less time spent
pursuing low-value prospects.
• Disadvantages : it is often based on a hypothesis, the research can be quite dependent on the results you get,
and it can be disappointing when you look for a phenomenon that is just not there. Because you are using human
participants, the ethics procedure can be longer and more complicated.
• Example : lego
8. Market Research
• Definition : Market research is the process of determining the viability of a new service or product
through research conducted directly with potential customers. Market research allows a company
to discover the target market and get opinions and other feedback from consumers about their
interest in the product or service.
• Advantages : It helps businesses strengthen their position. It minimises investment risks. It helps to
discover yours and your competitor's strengths and weaknesses. It facilitates strategic planning. It
helps in spotting emerging trends.
• Disadvantages : Marketing research (MR) is a costly affair. It is also lengthy and time-consuming. It
has a limited scope. It has a limited practical value. It can't give 100% accurate results.
• Example : An example of market research is conducting an online search on a particular topic and
making note of the most recent data published on that topic.
9. Production Research
• Definition : production research is the collection of
information
• Advantages : you can do it yourself
• Disadvantages : might not be spot on
• Example : sketching