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Industry research
¡ú¡¡information collection |
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Desktop research
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Desktop research mainly used
in secondary data research Secondary data are pieces of information
that have been gathered and only might be relevant to the
problem at hand. There are two basic sources of secondary
data: The company itself (internal databases) and other organization
or persons(external database).Secondary data mainly comes
from newspapers, periodicals, internet, government (federal,
state, and local) departments agencies, and trade and industry
associations. Though the collection of these secondary data,
you can have a general understanding of the general situation,
market structure and development trend of certain industry.
Advantage of secondary data: Marketing researchers
use secondary information because it can be obtained at a
fraction of the cost, time, and inconvenience of primary data
collection.
Limitation of secondary data: lack of availability,
lack of relevance, inaccuracy, and insufficiency
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Qualitative Research
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Focus
Group
Qualitative research and focus groups are often used
as synonyms by marketing research practitioners. A focus group
consists of 8 to 12 participants who are led by a moderator
in an in-depth discussion on one particular topic or concept.
The goal of focus group research is to learn and understand
what people have to say and why. The value of this research
methodology is that we may obtain some unexpected findings
from focus group¡£
Advantage of Focus Group:
1. The interaction among respondents can stimulate new ideas
and thoughts that might not arise during one-on-one interviews.
And group pressure can help challenge respondents to keep
their thinking more realistic.
2. Focus group often can be executed more quickly than many
other research techniques.
3. In the focus group, uncertain and vague problems can be
discovered and defined.
Depth Interview
Though the depth interview of leading enterprises in certain
industry and their suppliers and sales companies, we can know
their attitudes, views, hidden motivations to certain problem.,
and know their current situation and future development strategy.
Depth interview can be used in competition research and strategy
research.
Expert Interview
Expert interview is a way of data collection through the interview
of experts form government agencies, industry associations,
research organizations, leading enterprises, distributors
and so on. Through expert interview, we can have a deep understanding
of the current market situation, future development in certain
industry.
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Quantitative Research
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Quantitative research includes such
research methodologies as sampling survey and retail audit
¡õSampling survey
Sampling survey covers a large area rather than focusing on
the depth of the research. So it is not suitable for exploration
research. Sampling survey includes door-to-door interviewing,
mall intercept, telephone interviewing, mail survey and so
on.
¡õRetail audit
Choose some typical distributors, and retail shops in certain
industry for a continuous observation in order to track their
sales, consumers, advertisement promotion effect, and competition
situation. Retail audit is characterized of high efficiency,
accurate data, and low cost.
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Establish intelligence network
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Information used in industry research
must be accurate, complete and timely. In order to meet this
requirement, information must be collected through several
different channels rather than one channel. The information
from different channels must be made a comparison in order
to prove the accuracy of the information. Strictly speaking,
establishing an intelligence network is establishing a work
procedure where information is collected, screened, processed,
transmittted and feed backed.
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