Académique Documents
Professionnel Documents
Culture Documents
Challenges
overlooking cross-cultural market behaviour employing standardized research methodologies across the international markets using English as a standard language for market
communication
inappropriate sample selection misinterpretation of cross-country data failure to use locals to conduct field surveys
Process
Problem dentification Decide Research Methodology Workout Information Requirement Identify Sources of Information (Both Primary and Secondary) Prepare Research Design Collect Primary Information Analyse Information Evaluation and Interpretation
7
Type of research
focus groups and qualitative research to generate ideas for new product survey research to evaluate new product ideas concept tasting, test marketing product benefit and attitude research product formulation and feature testing
Type of research
pricing sensitivity studies
Type of research
survey of shopping patterns and behaviour consumer attitudes toward different store types
(contd)
Type of research
advertising pre-testing
Type of research
surveys of media habits
10
(contd)
Type of research
surveys of response to alternative types of promotion
Type of research
tests of alternative sales presentations
11
12
13
Role of Marketing Research Reduction of uncertainty and facilities management decision making
Information for :
Planning (Market entry strategies) Problem Solving Control Nature of Marketing Research Applied research
14
Stages in the Research Process Formulate Problem Determine Research Design Determine Data Collective Method
Type of Data Needed for International Marketing Research Secondary data Internal External
Published Commercial
Advantages and Disadvantages of Secondary Data
16
Gathering Primary Data Types of primary data Socioeconomic / demographic data Attitudes / Options Awareness / knowledge Intentions Motivations Behaviors Qualitative (V.S) Quantitative Surveys (V.S) Observations
17
Survey Research Personal interviews Mail Surveys Telephone interviews Mall intercept interviews Internet : new opportunity for data collection
18
Qualitative Research
Disguised and Unstructured Word Association Sentence Completion Story Telling Focus Groups
19
Sample Design and Issues Non probability samples (Finding not generalizable) Probability samples
20
Data analysis and inferences Univariate Data Analysis Bivariate Data Analysis
Statistical Software Packages for Data Analysis Geographic Information Systems (GIS)
21
Analogy
Use of quantitative techniques Income elasticity Assessment of Country Attractiveness Market potential / size Business climate Political stability / risk
22
Written Report Communication with the reader Accuracy and completeness Form of Report Title page Table of contents Executive summary Introduction / problem statement Methodology Findings Conclusions and recommendations Appendix Oral Report Use of powerpoint and graphics
23
Conclusion
Doing research internationally is more challenging than Local IM research is extremely important, hence the lifeblood of the International Business Not all problems are solved using the same solution hence a need of various research approaches. AND.. International Companies ought to invest and value of research Internationally.
24