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Chapter. 3. The Marketing Research Industry. Three major trends in today’s MR industries: 1. Globalization, 2. Merges and acquisitions, 3. Online research. I. Introduction.

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  1. Chapter 3 The Marketing Research Industry

  2. Three major trends in today’s MR industries: 1. Globalization, 2. Merges and acquisitions, 3. Online research. I. Introduction

  3. In 2004, 52.7% of top 50 MR firms’ revenues came from operations outside the U.S. ( according to Marketing News, June 15, 2005). Total U.S. revenues = $6.9 billion in 2004, total worldwide re.= $14 billion. Globalization

  4. Four, merges in 2004. Of 10 largest MR firms, seven are owned by firms based outside the U.S in 2005. VNU Inc., based in the Netherlands, thru. Acquisition owns Nielsen Marketing Research, Nielsen Media Research, and several other U.S. firms, including National Research Group in L.A. VNU acquired IMS Health in 2005. Merges and Acquisitions

  5. Online survey research accounts for approximately 20% of all marketing research revenue by 2005. Online research is more efficient and effective than the traditional marketing research. Online Research

  6. Spending for marketing/advertising/public opinion research services within the U.S. was up 9.9% in 2004. (Marketing News, June 15, 2005, H3) Spending in research has maintained a sustained growth over last 25 years. Growth in Research Spending in the U.S.

  7. Marketing Research: A Brief History • Pre-Marketing Research Era: colonization to the Industrial Revolution • Early Development Era: Industrial Revolution to 1920 • Questionnaire Era: 1920-1940 • Quantitative Era: 1940 to 1960 • Organizational Acceptance Era: 1960 to 1980 • PC Technology Era: 1980 to 1990 • Globalization-Online Era: since 1990

  8. Research Suppliers

  9. Industry Structure: Internal Suppliers • Internal suppliers: an entity within the firm supplies marketing research • Methods of Organization: • Own formal departments • Area of application • Marketing function • Research process • Single individual or committee • No responsibility assigned

  10. Industry Structure: External Suppliers • External suppliers: outside firms hired to fulfill a firm’s marketing research needs • Methods of Organization: • Function • Type of research application • Geography • Type of customer • Combination of the above • Classification: • Full-service • Limited service

  11. Industry Improvements • Certification • Auditing • Education

  12. Ethics and Marketing Research • Code of Ethics • AMA in the area of marketing research: • Prohibiting on selling (sugging) or fund raising (frugging) under the guise of conducting research • Maintaining research integrity by avoiding misrepresentation and omission of pertinent research data • Treating buyers and suppliers fairly

  13. Ethics and Marketing Research • Your ethical views are shaped by your philosophy: • Deontology: concerned with the rights of the individual • Teleology: analyzes a given behavior in terms of its benefits and costs to society

  14. Case 3.1Creating Thieves in the Name of Research(Please read case 3.1 in p. 79)Video:M/A/R/C

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