Description
Describe the international marketing research whic includes the research process, defining the problem and establishing research objectives, gathering primary data, quantitative and qualitative research.
International Marketing Research
Introduction
• Information is the key component in developing successful marketing strategies.
•
Information needed on market information for decisions about product, promotion, distribution, and price.
•
A marketer must find the most accurate and reliable data possible within the limits imposed by time, cost, and the present state of the art.
Marketing Research
• Marketing research is traditionally defined as the systematic gathering, recording, and analyzing of data to provide information useful in marketing decision making. • Research processes and methods are same whether applied in Columbia, Ohio, or Colombo, Sri Lanka. • International marketing research involves two additional complications: • First, information must be communicated across cultural boundaries. • Second, the environments in which research tools are applied are often different in foreign markets.
Breadth and Scope of International Marketing Research
• Foreign market research is the broader scope than domestic • Research can be divided into three types based on information needs: (1) general information about the country, area, and/or market; (2) information necessary to forecast future marketing requirements by anticipating social, economic, consumer, and industry trends within specific markets or countries; and (3) specific market information used to make product, promotion, distribution, and price decisions and to develop marketing plans
The Research Process
The marketing research process for all countries should follow these steps:
1. Define the research problem and establish research objectives. 2. Determine the sources of information to fulfill the research objectives.
3. Consider the costs and benefits of the research effort. 4. Gather the relevant data from secondary or primary sources, or both. 5. Analyze, interpret, and summarize the results. 6. Effectively communicate the results to decision makers.
Though, steps are similar for all countries, variations and problems in implementation occur due to cultural, social and economic differences.
Define Research problem and Establish Research objectives
The Research Process
Determine Sources of Information To Fulfill objectives
Consider cost and gather Data
Analyze and Interpret Results
Communicate results to Decision Makers
Defining the Problem and Establishing Research Objectives
• Begin with a definition of the research problem and the establishment of specific research objectives.
• The market researcher must be certain the problem definition is sufficiently broad to cover the whole range of response possibilities and not be clouded by his or her self-reference criterion. • Once the problem is adequately defined and research objectives established, the researcher must determine the availability of the information needed. • Problems of availability and use of secondary data Availability of data on foreign markets may be difficult to find.
• Problems with the reliability and comparability of data.
Validating Secondary Data
Although data may be available, the following questions should be asked to effectively judge the reliability of secondary data sources: 1. Who collected the data? Would there be any reason for purposely misrepresenting the facts? 2. For what purposes were the data collected? 3. How were the data collected? (methodology) 4. Are the data internally consistent and logical in light of known data sources or market factors?
Gathering Primary Data: Quantitative and Qualitative Research
•
Often the market researcher must collect primary data—that is, data collected specifically for the particular research project at hand
•
Marketing research methods can be grouped into two basic types:
(1) quantitative, and
(2) qualitative research
Quantitative and Qualitative Research
• Usually a large number of respondents are asked to reply either verbally or in writing to structured questions using a specific response format (such as yes/no) or to select a response from a set of choices • Questions are designed to obtain specific responses regarding respondents’ behavior, intentions, attitudes, motives, and demographic characteristics. Quantitative research provides the marketer with responses that can be presented with precise estimations. In qualitative research, if questions are asked they are almost always open-ended or in-depth, and unstructured responses that reflect the person’s thoughts and feelings on the subject are sought
•
•
Problems of Gathering Primary Data
• •
Most problems in collecting primary data in international marketing research stem from cultural differences among countries. Inability of respondents to communicate their opinions to inadequacies in questionnaire translation
Other problems of gathering primary data include: (1) Ability to Communicate Opinions: It is difficult for a person to formulate needs, attitudes, and opinions about goods whose use may not be understood, that are not in common use within the community, or that have never been available (2) Willingness to Respond: Cultural differences offer the best explanation for the unwillingness or the inability of many to respond to research surveys
Sampling in Field Surveys
•
The greatest problem in sampling stems from the lack of adequate demographic data and available lists from which to draw meaningful samples
The kinds of problems encountered in drawing a random sample include the following: (1) No officially recognized census of population. (2) Incomplete and out-of-date telephone directories. (3) Lack of detailed social and economic information.
Language and Comprehension
The most universal survey research problem in foreign countries is the language barrier ? Marketers use different techniques to help minimize errors. (1) Back Translation. In back translation the questionnaire is translated from one language to another, and then a second party translates it back into the original. (2) Parallel Translation. In this process, more than two translators are used for the back translation; the results are compared, differences discussed, and the most appropriate translation selected. (3) Decentering. This is a successive process of translation and retranslation of a questionnaire, each time by a different translator.
The two English versions are compared and where there are differences, the original English version is modified and the process is repeated
Multicultural Research: A Special Problem
?
?
?
Multicultural research involves dealing with countries that have different languages, economies, social structures, behavior, and attitude patterns An important point to keep in mind when designing research to be applied across cultures is to ensure comparability of results Such differences may mean that different research methods should be applied in individual countries
Research on the Internet: A Growing Opportunity
?
For many companies the Internet provides a new and increasingly important medium for conducting a variety of international marketing research
• There are several uses for the Internet in international research: (1) Online surveys (2) Web visitor tracking (3) Advertising measurement (4) Customer identification systems (5) E-mail marketing lists
Estimating Market Demand
?
In assessing current product demand and forecasting future demand, reliable historical data are required
• Given the greater uncertainties and data limitations associated with foreign markets, two methods of forecasting demand are particularly suitable: (1) Expert Opinion: In this method, experts such as sales managers or outside consultants and government officials are polled for their opinions about market size and growth rates (2) Analogy: This assumes that demand for a product develops in much the same way in all countries as comparable economic development occurs in each country
doc_317172651.ppt
Describe the international marketing research whic includes the research process, defining the problem and establishing research objectives, gathering primary data, quantitative and qualitative research.
International Marketing Research
Introduction
• Information is the key component in developing successful marketing strategies.
•
Information needed on market information for decisions about product, promotion, distribution, and price.
•
A marketer must find the most accurate and reliable data possible within the limits imposed by time, cost, and the present state of the art.
Marketing Research
• Marketing research is traditionally defined as the systematic gathering, recording, and analyzing of data to provide information useful in marketing decision making. • Research processes and methods are same whether applied in Columbia, Ohio, or Colombo, Sri Lanka. • International marketing research involves two additional complications: • First, information must be communicated across cultural boundaries. • Second, the environments in which research tools are applied are often different in foreign markets.
Breadth and Scope of International Marketing Research
• Foreign market research is the broader scope than domestic • Research can be divided into three types based on information needs: (1) general information about the country, area, and/or market; (2) information necessary to forecast future marketing requirements by anticipating social, economic, consumer, and industry trends within specific markets or countries; and (3) specific market information used to make product, promotion, distribution, and price decisions and to develop marketing plans
The Research Process
The marketing research process for all countries should follow these steps:
1. Define the research problem and establish research objectives. 2. Determine the sources of information to fulfill the research objectives.
3. Consider the costs and benefits of the research effort. 4. Gather the relevant data from secondary or primary sources, or both. 5. Analyze, interpret, and summarize the results. 6. Effectively communicate the results to decision makers.
Though, steps are similar for all countries, variations and problems in implementation occur due to cultural, social and economic differences.
Define Research problem and Establish Research objectives
The Research Process
Determine Sources of Information To Fulfill objectives
Consider cost and gather Data
Analyze and Interpret Results
Communicate results to Decision Makers
Defining the Problem and Establishing Research Objectives
• Begin with a definition of the research problem and the establishment of specific research objectives.
• The market researcher must be certain the problem definition is sufficiently broad to cover the whole range of response possibilities and not be clouded by his or her self-reference criterion. • Once the problem is adequately defined and research objectives established, the researcher must determine the availability of the information needed. • Problems of availability and use of secondary data Availability of data on foreign markets may be difficult to find.
• Problems with the reliability and comparability of data.
Validating Secondary Data
Although data may be available, the following questions should be asked to effectively judge the reliability of secondary data sources: 1. Who collected the data? Would there be any reason for purposely misrepresenting the facts? 2. For what purposes were the data collected? 3. How were the data collected? (methodology) 4. Are the data internally consistent and logical in light of known data sources or market factors?
Gathering Primary Data: Quantitative and Qualitative Research
•
Often the market researcher must collect primary data—that is, data collected specifically for the particular research project at hand
•
Marketing research methods can be grouped into two basic types:
(1) quantitative, and
(2) qualitative research
Quantitative and Qualitative Research
• Usually a large number of respondents are asked to reply either verbally or in writing to structured questions using a specific response format (such as yes/no) or to select a response from a set of choices • Questions are designed to obtain specific responses regarding respondents’ behavior, intentions, attitudes, motives, and demographic characteristics. Quantitative research provides the marketer with responses that can be presented with precise estimations. In qualitative research, if questions are asked they are almost always open-ended or in-depth, and unstructured responses that reflect the person’s thoughts and feelings on the subject are sought
•
•
Problems of Gathering Primary Data
• •
Most problems in collecting primary data in international marketing research stem from cultural differences among countries. Inability of respondents to communicate their opinions to inadequacies in questionnaire translation
Other problems of gathering primary data include: (1) Ability to Communicate Opinions: It is difficult for a person to formulate needs, attitudes, and opinions about goods whose use may not be understood, that are not in common use within the community, or that have never been available (2) Willingness to Respond: Cultural differences offer the best explanation for the unwillingness or the inability of many to respond to research surveys
Sampling in Field Surveys
•
The greatest problem in sampling stems from the lack of adequate demographic data and available lists from which to draw meaningful samples
The kinds of problems encountered in drawing a random sample include the following: (1) No officially recognized census of population. (2) Incomplete and out-of-date telephone directories. (3) Lack of detailed social and economic information.
Language and Comprehension
The most universal survey research problem in foreign countries is the language barrier ? Marketers use different techniques to help minimize errors. (1) Back Translation. In back translation the questionnaire is translated from one language to another, and then a second party translates it back into the original. (2) Parallel Translation. In this process, more than two translators are used for the back translation; the results are compared, differences discussed, and the most appropriate translation selected. (3) Decentering. This is a successive process of translation and retranslation of a questionnaire, each time by a different translator.
The two English versions are compared and where there are differences, the original English version is modified and the process is repeated
Multicultural Research: A Special Problem
?
?
?
Multicultural research involves dealing with countries that have different languages, economies, social structures, behavior, and attitude patterns An important point to keep in mind when designing research to be applied across cultures is to ensure comparability of results Such differences may mean that different research methods should be applied in individual countries
Research on the Internet: A Growing Opportunity
?
For many companies the Internet provides a new and increasingly important medium for conducting a variety of international marketing research
• There are several uses for the Internet in international research: (1) Online surveys (2) Web visitor tracking (3) Advertising measurement (4) Customer identification systems (5) E-mail marketing lists
Estimating Market Demand
?
In assessing current product demand and forecasting future demand, reliable historical data are required
• Given the greater uncertainties and data limitations associated with foreign markets, two methods of forecasting demand are particularly suitable: (1) Expert Opinion: In this method, experts such as sales managers or outside consultants and government officials are polled for their opinions about market size and growth rates (2) Analogy: This assumes that demand for a product develops in much the same way in all countries as comparable economic development occurs in each country
doc_317172651.ppt