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Presentation On
Application of Marketing Research
SUBMITED To: Mba Program Presented By:
Dr. monika dubey Rajasthan Technical Univercity Rishabh Soni Kota Application of Marketing Research
Marketing research is a crucial business function
that provides valuable insights to guide strategic decision-making. It encompasses a wide range of applications, from understanding customer attitudes and preferences to measuring brand equity and evaluating advertising effectiveness. Measurement Process of Customer Attitude and Techniques • Surveys and questionnaires are commonly used to assess customer attitudes, preferences, and perceptions. • Techniques like semantic differential scales, Likert scales, and projective techniques help capture nuanced customer feedback.
• Observational research, focus groups, and in-
depth interviews provide deeper insights into the emotional and psychological drivers of customer attitudes. Customer Satisfaction Research Methods
• Surveys and questionnaires: Measure customer satisfaction through
quantitative data collection, including rating scales and open-ended feedback.
• Focus groups: Gather in-depth qualitative insights by facilitating interactive
discussions with a sample of customers. • Customer interviews: Conduct one-on-one interviews to deeply understand individual customer experiences and pain points. Process of Measuring Customer Satisfaction
Identify Key Drivers 1
Determine the most important factors that influence customer satisfaction, such as product 2 Collect Feedback quality, service, and value. Gather customer feedback through surveys, interviews, and other research methods to understand their Analyze and Interpret 3 experiences and perceptions. Carefully analyze the collected data to identify patterns, trends, and areas for improvement in the customer experience. Brand Equity Research
Brand equity is a crucial measure of a company's
market position and consumer perceptions. Conducting in-depth brand equity research provides valuable insights into brand awareness, brand loyalty, and the overall strength of a brand in the marketplace. Techniques of Brand Equity Research
1. Customer Surveys: Assess consumer awareness, perception, and loyalty towards
the brand through comprehensive surveys. 2. Focus Groups: Conduct in-depth discussions with target customers to uncover emotional connections and brand associations. 3. Brand Audits: Analyze the brand's market positioning, competitive landscape, and alignment with the company's strategic objectives. 4. Brand Tracking Studies: Monitor the brand's performance over time, including changes in awareness, preference, and market share. 5. Conjoint Analysis: Evaluate the relative importance of different brand attributes and features in driving consumer purchase decisions. Advertising Research: Scope and Importance
Advertising research plays a crucial role in understanding the effectiveness
and impact of marketing communications. It provides insights into audience preferences, message resonance, and campaign performance to optimize advertising strategies. Methods of Advertising Research 1. Pre-Testing: Evaluating ad concepts and messages before launch to gauge consumer response and optimize effectiveness. 2. Concurrent Testing: Monitoring ad performance during the campaign to make real-time adjustments and improve delivery. 3. Post-Testing: Analyzing the overall impact of the advertising campaign after completion to measure brand lift, recall, and conversion. 4. Focus Groups: Conducting in-depth discussions with target consumers to gather qualitative insights on ad creative and messaging. 5. Online Surveys: Collecting quantitative data from a wider audience to assess metrics like awareness, likeability, and purchase intent. Copy Testing: Pre-testing, Concurrent Testing, and Post-testing Advertising research involves three key stages of copy testing to ensure the effectiveness of ad campaigns: pre-testing, concurrent testing, and post-testing. Pre-testing evaluates ad concepts and messages before launch to optimize their impact. Concurrent testing monitors performance during the campaign, enabling real-time adjustments. Post-testing analyzes the overall impact after the campaign's completion to measure brand lift, recall, and conversion. Ethics in Marketing Research
Informed Consent Participant Privacy
Ensure participants fully Protect the confidentiality and understand the research purpose anonymity of research participants and provide explicit consent before to maintain trust and integrity. engaging.
Objectivity and Accuracy Responsible Data Usage
Report research findings Collect, store, and use participant objectively, without bias or data ethically, adhering to data misrepresentation to maintain privacy regulations. credibility.