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‘Copyrighted content used under the Fair Use exception for review and commentary. Copyright Disclaimer Under Section 107 of Copyright Act 1976, allowance is made for fair use for purposes such as criticism , comments, news reporting, teaching scholarship and research. What are the steps in marketing research? There are six broad stages in the marketing research process. Stage 1 Problem Definition Stage 2 Research Approach Developed Stage 3 Research Design Developed Stage 4 Fieldwork or Data Collected Stage 5 Data Preparation and Analysis Stage 6 Report Preparations and Presentation For defining the research problem in marketing research, it requires collection and analysis of published information which are readily available, interviews with experts from industry and rounds of discussions with the decision makers. Once the research problem is defined, then the selection, adaptation and development of a framework based on existing theory are done. This is called the research approach. After the approach is decided, as part of the research design research questions is set, research hypotheses are formed, variables to be measures is defined and appropriate scales for measuring the variables is designed. Then the data for the marketing research project is collected either from the primary source or secondary source. Once the data has been collected, its verification, editing, coding and transcription are done and it is called data preparation. After it the appropriate tools and techniques for the analysis of data is employed. Then finally, findings of the entire project is documented in a written report which is known as the marketing research report that ideally includes introduction to the research problem, review of literature, research design, analysis and findings etc. So, these are the major steps involved in marketing research. The feature that is common for all forms of marketing research is basically the systematic enquiry of the study and the steps in marketing research ensures it.
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