Top-Rated Free Essay
Preview

Characteristics of Good Research

Satisfactory Essays
460 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Characteristics of Good Research
NUMBER ONE: Effective marketing research uses the principles of the scientific method — observation, hypothesis, prediction, and testing. Since the goal of conducting a marketing research project is to uncover useful information, how you conduct your research is vitally important. Good research follows this standard process.

NUMBER TWO: Good marketing research develops innovative ways to solve a problem. This requires some level of creativity in your research. Other than traditional methods such as surveys and polls, in what various ways can the problem be evaluated? Are you even studying the right problem?

NUMBER THREE: Reliable marketing research uses multiple methods to acquire data and shy away from over-reliance on any one method. In your research, always make sure you adopt the research to the problem. In other words, don't say you want to do a survey and then figure out a problem to solve. Also, don’t be fooled into thinking that one method is better than others. Good research recognizes the value of using multiple methods and sources to achieve reliable information.

NUMBER FOUR: Savvy marketing researchers recognize the interdependence of research models and the data collected. The research model you choose will ultimately determine the type of information, its validity, and your ability to act based on findings. Therefore, always base your research efforts on solid models that are clearly defined and as explicit as possible.

NUMBER FIVE: Smart marketers understand the relationship between the value of information and its cost. There are always lots of questions to be asked and problems to be solved. However, to steward resources effectively, marketers need to consider the cost of market research, the value of the information gathered, and the likelihood of management’s ability or willingness to act on such information.

NUMBER SIX: Good marketing researchers show little reliance upon glib or stereotyped assumptions made by managers about how a market works. Often times, those in the midst of a market are unable to clearly see the market. The “forest through the trees” scenario applies here.

NUMBER SEVEN: Responsible marketing research is a win-win-win situation. It shows a healthy respect for the company, the product and the customers and never tries to harm or take advantage of customers.

* an interesting, open-ended question * complex subjects/participants * conclusions that beg new questions * a good guiding question that focuses the research's perspective and data collection * fair, balanced acknowledgment of prior research on the topic * new answers to old questions * answers to new questions
So, maybe a couple more criteria for good research... * conclusions must be sound * as a result of good research, old questions should be subsumed by new questions that go beyond the original scope of the problem * http://www.scribd.com/doc/31591796/Research-Design-Formulation

You May Also Find These Documents Helpful

  • Powerful Essays

    Marketing research is what informs business’s make decisions by helping it to understand the changing dynamics of its market. This involves finding out more about customers, competitors and the overall marketing environment.…

    • 1723 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Based on your selected scenario, identify the detailed areas in which market research is needed (e.g., population, target market, per capita) and describe their importance to the organization in the selected scenario.…

    • 246 Words
    • 1 Page
    Satisfactory Essays
  • Powerful Essays

    Marketing research is best defined as, “a way of investigating and answering questions about human behavior,” (Bont, Et. Al, 2007). Essentially, marketing research is a tool that helps businesses stay ahead of the trends and maintain a competitive edge in the constantly changing global market. Companies that make marketing research a central part of their business plan will see the business grow and develop to not just achieve their business goals, but exceed them. Robert Duboff puts it into perspective in a way that anyone can understand in terms of why marketing research is a valuable tool, “Marketing research can be freed to do what it can do well: provide information about the past and present to enable insights that can help decision makers use their judgment,” (The Market Research Magic is Gone, 2011). Marketing research is a key component in any business because it helps the organization identify how they will gather, analyze, and interpret information about a product or service they offer in the market along with the past, present , and future potential customers for that specific product or service offering. It also provides information on the characteristics, spending habits, and location of the businesses target market, the industry, and competition they will face in the particular market. Marketing research will also identify the specific strategies with regard to marketing segmentation and product differentiation that is best suited for the organization in order to achieve their goals and expand their product offerings. Entrepreneur best describes the benefit of marketing research, “It allows business owners to determine the feasibility of a business before committing substantial resources to the venture,” (Market Research, 2014).…

    • 2048 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Assignment 2014

    • 1830 Words
    • 9 Pages

    research methods have been used to make a marketing decision within a selected situation or business…

    • 1830 Words
    • 9 Pages
    Good Essays
  • Better Essays

    SEAFOOD Tawy Store

    • 1746 Words
    • 7 Pages

    “Marketing research is defined as the systematic and objective process of generating information to aid in making marketing decisions. This process includes specifying what information is required, designing the method for collecting information, managing and implementing the collection of data, analyzing the results, and communicating the findings and their implications.” (Zikmund, Ward, Lowe & Winzar, 2007)…

    • 1746 Words
    • 7 Pages
    Better Essays
  • Good Essays

    1. Provides teachers with advice to facilitate learning, and to collect and assess evidence for reporting…

    • 4235 Words
    • 17 Pages
    Good Essays
  • Powerful Essays

    2.Marketing research involves the gathering of information about a particular market, followed by analysis of the information. TRUE…

    • 1141 Words
    • 5 Pages
    Powerful Essays
  • Best Essays

    The marketing research process is a series of activities that have to be performed , forcing marketers to take decisions regarding the objective of the research project, the specific data collection techniques and procedures that will be used, the research instruments and the way they will be used to collect information, the sampling procedures, data analysis techniques and finally about the communication channel used to feed data to the managers and the decision makers. Below are presented the steps of the marketing research…

    • 3474 Words
    • 14 Pages
    Best Essays
  • Satisfactory Essays

    RBG Segmentation

    • 365 Words
    • 2 Pages

    4. What are some of the marketing strategy implications for the market research obtained (hint: refer to the 4Ps)?…

    • 365 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Our research helps marketers answer three essential questions: how consumers spend their time, how consumers spend their money, and what marketers are doing to reach them. Empowered with this intelligence, our customers confidently make decisions about strategies, tactics and budgets.…

    • 652 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Marketing Case Studies

    • 1094 Words
    • 5 Pages

    This video describes a historical overview that illustrates the growth and success at Dunkin’ Donuts. The company conducts extensive research to evaluate the freshness and quality of the products. It offers competitive products to meet consumer demands.…

    • 1094 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    Study Guide

    • 1810 Words
    • 8 Pages

    List conditions under which marketing research should not be used and why: know 4 of them and their implications.…

    • 1810 Words
    • 8 Pages
    Better Essays
  • Better Essays

    Marketing Research Pixar

    • 1598 Words
    • 5 Pages

    Marketing Research is imperative to Disney Pixar's success. Marketing research is the process in which managers perform to gather information effectively to introduce their products and services to their target market. Although the amount of time required for this research depends on the size of the target market and the company's line of business, there is a defined process used to implement the company's products or services. This process includes 1) assessing information needs, 2) developing needed information through internal databases, 3) implementation of marketing research, 4) organization of ideas, and 5) distributing and using information. Therefore, marketing research is important to developing a marketing strategy because it assesses what steps a company needs to take to reach their target market. Therefore, marketing research is important to developing a marketing strategy because it assesses what steps a company needs to take to reach their target market. The Internet has helped with collecting marketing data through online focus groups, Internet surveys, and experiments. The marketing research process also involves collecting and secondary data.…

    • 1598 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    CLOUGH, P. and NUTBROWN, C., 2007. A Student’s Guide to Methodology: Justifying Enquiry. 2nd ed.London: Sage.…

    • 3907 Words
    • 16 Pages
    Powerful Essays