Post on 13-Dec-2014
description
MARKETING RESEARCH
- marketing research compliments marketing intelligence in providing useful, information to the marketing department
Market potentials
Market Share
Market Characteristics
Current market size
Number of competitors
Intensity of competition
Technological skills required
Production/operationsskills required
Social, political and environmental factors
Sales
Business Trends
Financial trends
Market trends
Industry trends
Short-range forecast
Competitive products
Long-range forecast
“don’t just DO one sales forecast”
…nowhere
…now here
Existing products
The marketing research process
Definition of the problem
Situation analysis
Obtaining primary data
Interpretation of data
Problem solution
Sources of Data
Primary sources
Secondary sources
observation
survey
experiment
Company records
Libraries
Governmentagencies
Private researchorganization
Information analysis
Distributing information
“In the 21st century, we are not talking aboutthe ‘Have or the Have-not’ but the ‘Know andThe Know-not’.”
-Billy Lim
JanePatriceXhu :]