Market Research in Order to Generate Term Paper

Pages: 5 (1445 words)  ·  Bibliography Sources: 1+  ·  Level: College Sophomore  ·  Topic: Business - Advertising

Market Research

In order to generate the desired results in my inquiry, as a marketing manager, I will engage the services of a Market Research firm. Through a research project, I will be able to generate data that are ensured to be unbiased and thoroughly analyzed. I can think of two methods in getting the results to my query, which will both involve the utilization of survey research. The cheapest and easiest form of survey research that can be conducted is intercept survey, wherein customers of the pet store chain will be "intercepted" -- that is, interviewed/surveyed after a specific shopping occasion. The questions to be asked will include the product bought at the store, the most and least liked product in the store, and the kind of products that should be included in it. A more rigid methodology would be the conduct of a survey that contains two groups: patrons of the pet shop chain and customers from a rival store. Surveys for both groups would generate data that will show the preferences of each group, allowing me as the marketing manager to determine the weakness of our pet stores in terms of its product offerings. The research firm which will conduct the said survey research should observe the rigor of research, which means qualifiers for each group should be determined specifically -- that is, determine specifically if they are loyal customers of the pet shop/rival pet shop, and be able to identify the products that they patronize, and reasons for patronizing these products.

In order to specifically determine the real reason behind the company's slipping market share, an internal analysis should be made, wherein the marketing research team will conduct a SWOT analysis to better assess the direction by which the intended research will proceed. Since the problem is the gradual slippage of market share in the candy manufacturing industry, it is evident that a major problem of the company is to assess its current market positioning. It may be that the company directed its advertising, marketing and publicity efforts to the wrong segment or target market. Thus, the segment or group that is the major and most lucrative target market for candies are slipping away from the company's consumer group, eventually losing out on the competition. In order to assess the current market positioning of the company, it would be advisable to conduct a product usage and brand image study to better understand and generate information about customers' perception about the company's candy products and brands.

As suggested earlier, two descriptive research studies relevant to the problem of regaining the company's market share are product usage and brand image studies. Through the product usage studies, the company will be able to determine the occasions in which consumers buy and eat the company's products (candies). This information will help the company gain insight whether the candy products are perceived to be "special" or regular occasion candies. The brand image study shall reinforce the earlier study's findings, wherein consumers will create associations between their daily experiences and the experience of buying and consuming a particular candy product manufactured by the company. Ideally, these descriptive studies are best generated through qualitative research, either through focus group discussions (FGDs) or in-depth interviews. To establish causality between product usage and brand and product image, quantitative research will be utilized, using survey research, but still sticking to the original designs of conducting product usage and brand imaging, this time using quantitative variables as units of analysis rather than qualitative factors/components.

As market researcher, I will propose this bi-faceted research by proposing both a product usage and brand image study, which will also include both qualitative and quantitative approaches. Before the quantitative approach, I will propose the conduct of a series of focus group discussions (FGDs), which will look into the motivations and purposes of candy consumers, which may be categorized as loyal consumers of the company and another group for the company's closest competitor. Insights and ideas generated from the FGDs will then be used for the quantitative research, specifically survey research. From the FGD, it is expected that different modes of usage and various motivations for product consumption will emerge, which will then be the basis for setting up categories in the variable product consumption, making it easier for quantitative analysis and determination of… [END OF PREVIEW]

Four Different Ordering Options:

?

Compare the Four Ordering Options

  1. 1.Buy this paper with your credit card or cash balance at PayPal.  Within 10 hours, we'll send the Microsoft Word file to the email address on your PayPal account.
  2. 2.Same as #1, but we will also remove the paper from our site for 30 days!
  3. 3.Need this paper immediately?  Want to individually download any of our 175,000+ exclusive, private, non-plagiarized papers for 30 days?  It takes only 2 minutes to subscribe and get instant access!
  4. 4.One of our highly experienced experts will write a brand new, 100% unique paper matching the exact specifications and topic that you provide!  You'll be the only person on the planet to receive the one-of-a-kind paper that we write for you!  Use code "Save10" to save 10% on your 1st order!

1.  Buy the full, 5-page paper:  $24.68

or

2.  Buy & remove for 30 days:  $38.47

or

3.  Monthly access to 175,000 papers

After paying, this link will download any paper(s).

or

4.  Let us write a NEW paper for you!

Ask Us to Write a New Paper
Most popular!

Health Services Planning and Marketing Research Paper


Market Research-Apple iPod Usage, Attitude & Image Thesis


Market Research Final Assuming That a Personal Thesis


Market Research Questions Question 1: Give Two Term Paper


Market Model Patterns of Change Research Paper


View 1,000+ other related papers  >>

Cite This Term Paper:

APA Format

Market Research in Order to Generate.  (2007, May 3).  Retrieved December 17, 2018, from https://www.essaytown.com/subjects/paper/market-research-order-generate/260764

MLA Format

"Market Research in Order to Generate."  3 May 2007.  Web.  17 December 2018. <https://www.essaytown.com/subjects/paper/market-research-order-generate/260764>.

Chicago Format

"Market Research in Order to Generate."  Essaytown.com.  May 3, 2007.  Accessed December 17, 2018.
https://www.essaytown.com/subjects/paper/market-research-order-generate/260764.