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Week 10 - Marketing Research
Week 10 - Marketing Research
INSIGHTS: CONDUCTING
MARKETING RESEARCH
Contributed to the company’s $4 billion-plus (+/- 59.7 T) sales in diapers that year.
MARKETING RESEARCH
INFORMATION ABOUT
CONSUMERS, COMPETITION, AND
THEIR BRANDS.
6
“Find out everything you can about the new moms need” ✘(
a lot of unnecessary information)
“Find out if enough moms with babies aged 0-3 months are
willing to pay $15 for high absorbency baby diapers so the
company can break even in 1 year” ✘ (too narrow)”
✓
• How is the diaper changing routine done by mothers?
• What are the difficulties of mothers in diapering their
babies?
• What shape of diapers do mothers want?
Type of research
1. exploratory—its goal is to shed light on the real nature of the problem and to
suggest possible solutions or new ideas.
2. descriptive—it seeks to quantify demand, such as how many mothers would
purchase diaper at $15?
3. causal—its purpose is to test a cause- and-effect relationship.
STEP 2: DEVELOP THE
RESEARCH PLAN
1. Data sources
2. Research approaches
3. Research instruments
4. Sampling plan
5. Contact methods.
Marketers collect
primary data in five 10
main ways: