1 / 29

MARKET RESEARCH Secondary Internal data

MARKET RESEARCH Secondary Internal data. Reservations Sales Mix Databases Enquires Turnaways. MARKET RESEARCH Secondary External data. Government agencies. The WWW. Associations Chambers of Commerce Research companies and consultants Universities and colleges Specialized publications.

nishi
Download Presentation

MARKET RESEARCH Secondary Internal data

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. MARKET RESEARCH SecondaryInternal data • Reservations • Sales Mix • Databases • Enquires • Turnaways

  2. MARKET RESEARCH SecondaryExternal data • Government agencies. • The WWW. • Associations • Chambers of Commerce • Research companies and consultants • Universities and colleges • Specialized publications

  3. Disadvantages May not be applicable Potentially unreliable Frequently outdated MARKET RESEARCH Secondary Advantages • Inexpensive • Easily accesible • Immediately available

  4. Disadvantages Expensive Not as readily accessible Not available immediately MARKET RESEARCH Primary Advantages • Applicable and usable • Accurate & reliable • Up-to-date

  5. CONCLUSIVE Helps solve the problem. Helps assess the opportunity Associated with Primary research MARKET RESEARCH categories EXPLORATORY • Sheds more light on the problem or opportunity • Helps identify opportunities and problems • Associated with Secondary research

  6. Qualitative Nonnumerical Associated with exploratory methods MARKET RESEARCH types of data Quantitative • Numerical • Associated with conclusive methods

  7. MARKET RESEARCH quantitative primary research methods • Experiments • Mechanical observation • Survey • Simulations

  8. MARKET RESEARCH experiments • It is extremely expensive for an organization to introduce a new item and have it fail • By using experimental method, there is less risk of failure • They can be either simple or complex

  9. MARKET RESEARCH mechanical observation • They produce very accurate, quantitative data • They do not provide any in-depth qualitative information • They discribe rather than explain customer behavior

  10. MARKET RESEARCH survey • It is the most popular research method in our industry • It is flexible and easy to use • It is both a science and a bit of an art • Types: a. Personal interviews b. Mail surveys c. Telephone surveys d. In-house, self-administered e. On-line

  11. MARKET RESEARCH personal interviews advantages • Interviewers can provide fuller explanations • Interviewers can use additonal materials • They can gathered more complete answers by rephrasing questions • They can provide very timely data

  12. MARKET RESEARCH personal interviews disadvantages • They are relatively expensive • There can be interviewer bias in questioning • Respondents may be reluctant to answer personal questions • Respondents may not answer in a relaxed way • The time of the interview may inconvenience the respondent

  13. MARKET RESEARCH mail surveys advantages • They are inexpensive if the response rate is high • There is no interviewer bias • There is a consistency in the questions and responses • They can survey a large number of respondents • They can reach every respondent by mail • Respondents can remain anonymous • Respondents can choose when to answer.

  14. MARKET RESEARCH mail surveys disadvantages • Impersonal nature • Relatively low response rate • They are commonly considered by respondents as advertising and junk mail

  15. MARKET RESEARCH thwarting mail surveys drawbacks • Use highly personalized approaches • Follow up several times after the initial request • Promise respondents something for completing the questionnaire • Use accurate and up-to-date mailing lists • Avoid lengthy questionnaries • Provide respondents with a postage-paid preaddressed envelope

  16. Disadvantages Obstrusive for some people. Invasion of privacy Not as personal as the personal interview Expensive if long-distance calls are needed MARKET RESEARCH telephone surveys Advantages • Flexible • Quick • Inexpensive if local calls are needed • High responses rates with good contact lists and trained interviewers

  17. MARKET RESEARCH in-house self-administered • They are provided for customers to complete while they are in the premises. • They extremely useful in determining statistaction levels with the services, facilities and equipment. • On the other hand they generate a low response rate. • The organization must do all it can to motivate customers to fill out these questionnaires

  18. MARKET RESEARCH on-line • Many hospitality and Travel companies have placed HTLM questionnaires on their web sites • As it is a very recent approach, experts do not have conclusive guidelines on the strengths and weaknesses of on-line research • There is a growing potential of reaching a large and growing audience of people on-line

  19. MARKET RESEARCH questionnaire design 1 • A printed form that hosts the questions and provides space for answers is required • LENGTH 1. Keep it as short as possible 2. Individual questions must be short and to the point

  20. MARKET RESEARCH questionnaire design 2 • ORGANIZATION 1. Include a date 2. Place personal questions at the end 3. Provide instructions on how the interviewer or respondent should answer 4. If appropiate, supply “don´t know” or “no opinion” options

  21. MARKET RESEARCH wording of questions • WORDING OF QUESTIONS 1. Ask only one question in each question 2. Be as specific as possible 3. Avoid technical terms 4. Use words whose meanings are clear 5. Make sure there are no overlaps in possible responses

  22. MARKET RESEARCH simulation • Computers are used to simulate marketing situations by creating a mathematical model • The model can be used to predict sales volumes, customer counts, or any other varialble

  23. MARKET RESEARCH QPRMsfocus groups • The researcher directs questions to a small group of people (8/11) • The researcher draws out a specific subject and invites a dicussion about them • The researcher observes the people´s behavior, refocuses the discussion, summarize the opinions, etc.

  24. Disadvantages They only produce qualitative information which is not representative It may not accurately represent the opinions, attitudes, perceptions. If we need numerical data we need another method MARKET RESEARCH QPRMs Fgs advantages & disadvantages Advantages • They provide in-depth understanding of customer´s OAPB • They probe further than in one-on-one personal interview • It is very convenient to explore the position of certain companies and destinations

  25. MARKET RESEARCH QPRMS individual depth interviews IDI • They are similar to the focus group, but involves just one interviewer and one interviewee • They last between 45 minutes and one hour • The researcher asks many questions and probes for additional elaboration after the subject answers

  26. Disadvantages Expensive Slow If we need numerical data we need another method MARKET RESEARCH QPRMS IDI advantages & disadvantages Advantages • Better than Fgs when the topic is confidential or sensitive • Better than Fgs when logistical problems make focus groups impractical

  27. MARKET RESEARCH QPRMs human observation • It is about watching and noting how customers behave • It is a great technique for evaluating competitors • It is relatively inexpesnsive and provides very rich information

  28. MARKET RESEARCH QPRMs case studies • They provide information from one or more situations that are similar to the organization´s problem • They are done in the H&T industry when an organization is investigating the addition of new services

  29. MARKET RESEARCH

More Related