Insert Chapter Picture Here Decision Support Systems and Marketing Research CHAPTER 8 Designed by Eric Brengle B-books, Ltd. Essentials of Marketing 6 Prepared by Deborah Baker Texas Christian University Lamb, Hair, McDaniel Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 1 Learning Outcomes LOI Explain the concept and purpose of a marketing decision support system LO2 Define marketing research and explain its importance to marketing decision making LO3 Describe the steps involved in conducting a marketing research project Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 2 Learning Outcomes LO4 Discuss the profound impact of the Internet on marketing research LO5 Discuss the growing importance of scanner-based research LO6 Explain the concept of competitive intelligence Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 3 LO4 Impact of the Internet on Marketing Research Discuss the profound impact of the Internet on marketing research Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 4 LO4 Impact of the Internet Allows better and faster decision making Improves ability to respond quickly to customer needs and market shifts Makes follow-up studies and tracking research easier Slashes labor- and time-intensive research activities and costs Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 5 LO4 Advantages of Internet Surveys Rapid development, Real-time reporting Reduced costs Personalized questions and data Improved respondent participation Contact with the hard-to-reach Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 6 LO4 Uses of the Internet by Marketing Researchers Administer surveys Conduct focus groups Other types of marketing research http://www.greenfieldonline.com Online Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 7 Internet Samples LO4 Unrestricted Internet Sample A survey in which anyone with a computer and modem can fill out the questionnaire. Screened Internet Sample An Internet sample with quotas based on desired sample characteristics. Recruited Internet Sample A sample in which respondents are prerecruited and must qualify to participate. Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 8 LO4 Process for Online Focus Groups 1. Build a database of respondents via Web site screening questionnaire 2. Identify qualified individuals via e-mail 3. Develop a discussion guide 4. Moderator runs group by typing in questions online for all to see 5. Environment is similar to a chat room 6. Firm captures the complete text of the focus group Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 9 LO4 Types of Online Focus Groups Real-time online focus groups Time-extended online focus groups Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 10 Advantages of Online Focus Groups Speed Cost-effectiveness Broad geographic scope Accessibility Honesty Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved LO4 11 LO4 Role of Blogs in Marketing Research Refined technologies allow companies to mine data available in Internet blogs. Companies can identify the most influential bloggers and learn exactly what they are saying (and how they are saying it). Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 12 LO4 Other Uses of the Internet by Marketing Researchers Distribution of requests for proposals (RFPs) and proposals Collaboration between client and research supplier Data management and online analysis Publication and distribution of reports Viewing of presentations of marketing research surveys Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 13 LEARNING OUTCOME LO4 REVIEW Impact of the Internet on Marketing Research Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 14 LO5 Scanner-Based Research Discuss the growing importance of scanner-based research Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 15 LO5 Scanner-Based Research A system for gathering Scanner-based Research information from a single group of respondents by continuously monitoring the advertising, promotion, and pricing they are exposed to and the things they buy. BehaviorScan InfoScan Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 16 LO5 When Should Marketing Research Be Conducted? Where there is a high level of uncertainty When value of research information exceeds the cost of generating the information Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 17 LO5 REVIEW LEARNING OUTCOME Scanner-Based Research BehaviorScan Panel information from Specific groups of people, enables researchers to manipulate variables and see real results Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved InfoScan Aggregate consumer information on all bar-coded products 18 LO6 Competitive Intelligence Explain the concept of competitive intelligence Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 19 LO6 Competitive Intelligence Competitive Intelligence An intelligence system that helps managers assess their competition and vendors in order to become more efficient and effective competitors. http://www.scip.org Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved Online 20 Sources of Competitive Intelligence Internet UCC Filings Company Salespeople Suppliers Experts Periodicals CI Consultants Yellow Pages Government Agencies Trade Shows Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved LO6 21 LO6 REVIEW LEARNING OUTCOME Competitive Intelligence CI Part of a sound marketing strategy Helps companies respond to competitive threats Helps reduce unnecessary costs Chapter 8 Copyright ©2009, Cengage Learning. All rights reserved 22
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