Professional Documents
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Lecture 11
Lecture 11
Market Research
- Information about consumers (perceptions, preferences, motivations, KAP)
- Information about competition
Message Research
- Pre-test (campaign development)
- Post-test (campaign tracking)
Media Research
- Target media-users habits
Planning cycle
1. Where are we? : Purpose: Identifying the current status, market position, and performance metrics. Analyzing market
trends, competitor activities, and external factors impacting the business. Key Activities: Swot analysis and market
research, gathering data on market dynamics, consumer preferences, and competitive landscape.
2. Where do we want to be? : Purpose: Clearly degining measurable and achievable goals, articulating the long-term
vision and mission statement of the organization. Key activities: Goal setting: defining specific, measurable,
achievable, relevant, and time-bound smart objectives. Mission and vision development: crafting statements that
guide the organization’s purpose and aspirations.
3. How do we get there? : Purpose: Creating plans and strategies to achieve the set objectives and allocating human,
financial, and other resources effectively. By outlining high level approach to achieve objectives, detailing specific
actions and initiatives to implement startegies, allocate financial resources to support the plans.
4. Are we getting better? : Assesing progress toward objectives and goals and identifying areas for improvement and
optimization. By establishing metrics to measure success, regularly reviewing performance against tagets and
gathering feedback, making adjustments and refining strategies based on results.
Market Research
1. Purpose
- Identify target consumer.: Understand the characteristics, needs, and preferences of the target consumer. Tailor
products, services, and marketing strategies to align with consumer expectations.
- Develop a positioning strategy: Determine the unique value proposition and positioning of a product or brand in the
market. Create a distinct market presence and effectively communicate the brand's value to the target audience.
2. Type of Research Methodology
- Market activity (internal data, secondary data):
- Survey data (perceptual maps, demographics, psychographics)
- Motivational research (in-depth interviews, laddering, focus groups, projective techniques)
Message Research
1. Pre-testing
- Evaluate/improve communication executions (diagnostic ability): Identifying strengths and weaknesses in
communication elements before the campaign launch.
- Test finished ads before media release (predictive ability): Assessing how the audience is likely to respond to the ads
before they are officially released.
- Differ on types of measures, and types of methods to collect data:
2. Post-testing
- Evaluate effectiveness of communication executions in conjuction with communication objectives (After launching a
mobile app ad campaign, conducting online surveys to asses how well the communication objectives were met and if
the audience found the ad effective. If the post-testing reveals shortcomings, the company can make adjustments to
future ads or campaigns)
- Differ on types of measures, and types of methods to collect data
3. Measures (fast food adv evaluation)
- Stopping power: Brand recognition, recall (by surveying consumers about recently viewed fast food ads to determine
how well they remember the brands)
- Transmission power: Message recognition, recall, comprehension (by asking consujmers about specific features or
offers mentioned in the ad)
- Persuasive power: Feature recall/memory, attitudes, believability, likeability, emotions, intention, action (toward the
brand based on consumer responses to the adv)
- Locking power: day-after recall (conducting that recal survey to measure how well the ad stays in the audience
memory)
4. Pre-test Methods (laboratory testing for a new drink advertsiment)
- Laboratory testing (showing a new energy drink ad to a group of participants in a controlled environment, using
methods like a joystick to measure interest and gauging responses to understand perceptions and recall)
Audience view “test” ad along with others
Audience view television shows with ads, give responses, joy stick methods to express interest, views/perceptions,
recall, recognition, response time
- Physiological testing (utilizing psychological measures like pupil dilation to gather additional data)
Pupil dilation
Galvanic Skin Response
Eye movement
EEG
5. Post-test Methods (tracking studies for a fashion brand adv)
- Tracking Studies (Following the launch of a new fashion brand ad, continuously monitoring communication volume
and content alongside competitive activity.)
- Communication (content and volume) tracked alongside competitive activity as well as brand recall, recognition, trials,
repurchase measures.
- Test market: Broadcasting ads in specific markets and tracking consumer responses for inquiries and sales.
- On-air testing: Testing commercials while they are broadcast, followed by consumer interviews post-viewing.
- Day-after recall: Collecting consumer responses on recall and recognition the day after the ad is broadcast.