literature review

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Week1Plenary1_Studentcopy.pptx

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Welcome!

Introduction

Course Admin

Aims of course/learning objectives

Assessments and due dates

Office hours and course schedule

What is market research?

What is Consumer Behaviour?

Types of research

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Plenary 1 Learning Outcomes

LO1: Understand the purpose and structure of BUSMGT 752

LO2: Understand the requirements of the four assignments in this course

LO3: Define consumer behaviour and its multiple influences

LO4: Define Market Research and its function

LO5: Understand the importance of Market Research

LO6: Understand the different types of research

LO7: Understand how consumer behaviour affects marketing strategy

Qualitative

Quantitative

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Readings

All the course readings are under the reading list for each week

Readings should be conducted BEFORE each session and relate to the content of that session

Knowledge of readings will be assessed throughout the course

Required readings are expected to be read prior to each plenary

Extra readings are not expected to be read; however they may help your learning, provide deeper understanding or be used for assessments.

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Week 1 Readings

Arnould, E. J., & Thompson, C. J. (2005). Reflections Twenty Years of Research. Journal of Consumer Research, 31(4), 868–882. https://doi.org/10.1086/426626

Stephens, D. L. (2021). Consumer Research Methods. Essentials of Consumer Behavior, 2016, 28–40. https://doi.org/10.4324/9781315762623-9

Malhotra, N. K. (2012). Defining the Marketing Research Problem and Developing an Approach. In Basic Marketing Research: Integration of Social Media (4th ed., pp. 47–79). Pearson Education.

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In BUSMGT 752 we will learn about…

Individual consumers (internal influences)

How consumers decide to consume

How consumers perceive, learn, and memorise

How consumers are motivated, how personality affects consumption, and how emotions influence consumption

How consumers form attitudes and change them

Groups of consumers (external influences)

Grouping consumers by demographics,

psychographics, and social class and how these factors influence them

How reference groups influence consumers

How culture affects consumption

How anti-consumption influences consumers and business

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Consumer behaviour

Consumer behaviour (CB) is a discipline that deals with how and why consumers purchase/do not purchase goods and services.

Emerged in the 1960s and draws from many related fields (e.g., psychology, sociology, anthropology, economics).

Overall model of CB

Multiple influences on CB

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Consumer behaviour: Overall model

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Consumer behaviour: Influences

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CCT research is fundamentally concerned with the cultural meanings, socio-historic influences, and social dynamics that shape consumer experiences and identities in the myriad messy contexts of everyday life.

Consumer Culture Theory

“Phenomenon” (noun)

A fact or situation that is observed to exist or happen, especially one whose cause or explanation is in question. [Google dictionary]

Translation:

Anything that consumers do.

What is a ‘consumer phenomenon’?

Pick something that people/humans do that you find interesting and

curious. Then, take a consumption perspective on that behaviour—that is the ‘consumer phenomenon’. Try and be as narrow and specific as possible.

What are some interesting or curious things that people do these days?

Consumer phenomena

“Phenomenon” (noun)

A fact or situation that is observed to exist or happen, especially one whose cause or explanation is in question. [Google dictionary]

Translation:

Anything that consumers do.

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CB is product-person-situation specific

Consumer influences drive marketing decisions

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Lifestyle drives consumer decisions and choices

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Strategies must be data driven

We use the information we have and collect to drive our strategies and decisions.

Poor marketing decisions come from opinion, not fact

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Importance of knowing our consumers: A case study

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Case Study: New Coke

In the early 80s Coca-Cola was losing market share to its biggest competitor, Pepsi

Coke's lead had dropped from a better than two to one margin to a mere 4.9 percent lead by 1984

In supermarkets, Coke was now trailing by 1.7 percent

Coke was clearly in danger of becoming the Number-Two soft drink

Source: Bastedo and Davis (1993)

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Where did New Coke go wrong?

Take a few minutes to discuss with your neighbour where Coca Cola went wrong in launching New Coke

What do you think?

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Definition of Marketing Research

Marketing research is the systematic and objective …

identification,

collection,

analysis,

dissemination, and

use of information

for the purpose of improving decision making related to the …

identification and

solution of problems and opportunities in marketing

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Types of Marketing research

Marketing research can be classified in many ways. Three common classifications are …

Problem Identification vs

Problem Solving Research

Qualitative vs Quantitative Research

Primary vs Secondary Research

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Problem Identification vs

Problem Solving Research

Problem Identification Research

Research undertaken to help identify problems which are not necessarily apparent on the surface and yet exist or are likely to arise in the future. Examples: market potential, market share, image, market characteristics, sales analysis, forecasting, and trends research

Problem Solving Research

Research undertaken to help solve specific marketing problems. Examples: segmentation, product, pricing, promotion, and distribution research

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Problem Identification vs

Problem Solving Research

Marketing Research

Problem- Identification Research

Market Potential Research

Market Share Research

Image Research

Market Characteristics Research

Forecasting Research

Business Trends Research

Problem-

Solving

Research

Segmentation Research

Product Research

Pricing Research

Promotion Research

Distribution Research

Reference notes only

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Qualitative vs Quantitative Research

Quantitative Research

Research that collects information that can be represented numerically

Quantitative market research approaches include: experimentation, observation and surveys

Samples need to be large enough to have statistical accuracy

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Qualitative vs Quantitative Research

Qualitative Research

Research intended to obtain rich, deep and detailed information

Qualitative research looks to identify the attitudes, underlying motivations and emotions that underlie behaviours (why things happen)

Qualitative research techniques include interviews, focus groups, projective, associative and other indirect questioning techniques

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Primary vs Secondary Research

Primary Research

Research collected specifically for the current market research project

Secondary Research

Research originally gathered or recorded for some purpose other than to address the current market research problem, information that is already available

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Commissioning Marketing Research

How do you commission MR?

Often, not always, two key documents get the ball rolling

MR brief

Written by client

Outlines the situation and MDP and may suggest MR approaches

Specifies “deliverables”

MR proposal

Written by supplier

Outlines the suggested approach, timing of project, staff and cost

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Qualitative vs Quantitative

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Overview of Research Designs

Research Design

Exploratory Research

Causal Research

Conclusive Research

Descriptive Research

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Overview of Research Designs

Exploratory Conclusive
Objective To provide insights and understanding. To test specific hypotheses and examine relationships.
Characteristics Information needed is defined only loosely. Information needed is clearly defined.
Research process is flexible and unstructured. Research process is formal and structured.
Sample is small and non representative. Sample is large and representative.
Data analysis is typically qualitative. Data analysis is typically quantitative.
Findings Tentative. Conclusive.
Outcome Generally followed by further exploratory or conclusive research. Findings used as input into decision making.

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Overview of Research Designs

Research Designs

Typically Qualitative Research

E.g. Case studies, secondary data (qualitative), qualitative research (such as focus groups, in-depth interviews).

Exploratory Research

Discovery of ideas and insights

Typically Quantitative Research

E.g. Secondary data (quantitative), Surveys, Observational and other data.

Some – Clarification Needed

Descriptive Research

Frequency of occurrence OR describing some characteristic(s)

Quantitative Research

E.g. Experiments

Quite a lot – confirmation needed

Casual research

Inferring cause and effect

Amount of Information

Research Design

Information Sought

Limited – Ideas Needed

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Overview of Research Designs

Research Designs

Typically Qualitative Research

E.g. Case studies, secondary data (qualitative), qualitative research (such as focus groups, in-depth interviews).

Exploratory Research

Discovery of ideas and insights

Typically Quantitative Research

E.g. Secondary data (quantitative), Surveys, Observational and other data.

Some – Clarification Needed

Descriptive Research

Frequency of occurrence OR describing some characteristic(s)

Quantitative Research

E.g. Experiments

Quite a lot – confirmation needed

Casual research

Inferring cause and effect

Amount of Information

Research Design

Information Sought

Limited – Ideas Needed

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