Master ACCA F5: Performance Management (B6: Risk and uncertainty in decision making) Mapa Mental sobre Market Research Techniques, criado por Shahid Musthafa em 11-09-2013.
a focus group is a
common market tool used
by the managers ,in this
technique a small group
(typically ranging from 8 to
10) is selected from a
broader population
The selected group is interviewed in an
informal environment through facilitator
led discussions
Problems with the
focus groups can be
Qualitative
research
technique
Small groups wont be a
good representing data
from big popluation
Sometimes the
candidates will be
pressured to give
favourble answers
Cost is high .but
online way of focus
group research is
now available
Desk research
The information is
collected from the
secondary sources i.e
already collected data l
This is a
quicker and
most cheapest
way of initiating
the research
news papers
Business
journals
Ariticles &
magazines
Census
information
However it cannot be assured
that the data collected will be
matching the current needs of
the management the collected
data may be outdated
Types of
information
collected by desk
Research
Economic Intelligence
Information relating to
the economic
environment in which
the company operates
The
Information
Gross
National
Product
A countries
investment
market
population
employment
Trade and commerce
Sources
Government
agencies
Universities &
management
institutes
nationalised industries
Market Intelligence
Data for the future
decision making such
as future markets and
competitor data
Internal Data
for performance
improvement decisions both
qualitative and quantitative
Filed research
The information is collected from the primary
sources in which the data can be collected from a
group of targeted audience
motivational research
The aim is find out the
factors behind a customers
decision to buy or not to
buy a particular product ,its
a bit qualitative in nature
Measurement research
It tries to quantify the
results obtained
through motivational
research