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Research Design
Research Design
Research Design
Research Design
Research Design
• The research design is the conceptual
structure within which research is conducted ;
it constitutes the blue print for the collection ,
measurement and analysis of data.
• The research design provides the back bone
structure of the study, it supports the study
and hold it's together.
What is Research Design?
• The research design refers to the researcher
overall plan for answering the research
question or testing the research hypotheses.
Research Design
Exploratory Conclusive
Research Design Research Design
Descriptive Causal
Research Research
Cross-Sectional Longitudinal
Design Design
The following seven-step process was taken by marketing research to help in the
design.
Citicorp Banks on Exploratory, Descriptive,
and Causal Research
1) A taskforce was created to better define the market parameters to include all the
needs of the many Citicorp branches. A final decision was made to include Americans
55 years of age or older, retired, and in the upper half of the financial strata of that
market.
Citicorp Banks on Exploratory, Descriptive,
and Causal Research
2) Exploratory research in the form of secondary data analysis of the
mature or older market was then performed and a study of
competitive products was conducted. Exploratory qualitative research
involving focus groups was also carried out in order to determine the
needs and desires of the market and the level of satisfaction with the
current products.
3) The next stage of research was brainstorming. This involved the formation of
many different financial packages aimed at the target market. In this case, a total
of 10 ideas were generated.
Citicorp Banks on Exploratory, Descriptive,
and Causal Research
4) The feasibility of the 10 ideas generated in step 3 was then tested. The
ideas were tested on the basis of whether they were possible in relation to
the business. The following list of questions was used as a series of hurdles
that the ideas had to pass to continue on to the next step.
In this study, only one idea generated from the brainstorming session made
it past all the listed hurdles and on to step 5.
Citicorp Banks on Exploratory, Descriptive,
and Causal Research
5) A creative work-plan was then generated. This plan was to
emphasize the competitive advantage of the proposed product as
well as better delineate the specific features of the product.
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From the definition it
is clear that:
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Sources/Methods to collect secondary data
SOURCES
*Sales results
Published data
*Marketing
process
*Cost
information
*Costumer *Newspaper
feedback *Official publication of government
*Agent report Authorities
*official publications of research
institute.
*library,magazines,journals.
*Internet 29
CRITERIA FOR
EVALUATING
SECONDARY DATA.
The data should be in
The data should be uniformity i.e same
accurate and precise The data should be unit of measurement
The Data should be While evaluating the data it collected from a should be used.
The data should be before conducting
used from reliable must be observed that the reputed source.
sufficient to carry out research.
source. information should be the research process.
suitable for present study.
The data should provide Secondary data should The specification of the
adequate data and be as per the data should be critically
The data should be the data should be complete
sufficient information requirements of the examined to indentify the
collected for a specific as incomplete will not
for the purpose of study undertaken. possible source.
objective. provide a proper
inquiry.
information.
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ADVANTAGES
▸ It is economical. It saves efforts and
expenses.
▸ It is time saving.
▸ It helps to make primary data collection
more specific since with the help of
secondary data, we are able to make out
what are the gaps and deficiencies and what
additional information needs to be
collected.
▸ It helps to improve the understanding of the
problem.
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DISADVANTAGES
▸ Secondary data is something that seldom fits in the
framework of the marketing research factors. Reasons for its
non-fitting are:-
▹ Unit of secondary data collection-Suppose you want
information IN KG, but the data is available IN LITRES.
The information may not be same as we require.
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