Core Concepts of Marketing

(Marcin) #1
PROCEDURESANDTECHNIQUESINMARKETINGRESEARCH 61


  1. Publiclibraries.

  2. Universities-libraryfacilitiesandbureausofbusinessandeconomicresearch.

  3. Governmentagencies--especiallydepartmentsofcommerce, agriculture,andlabor.

  4. Professionalandtradeassociations.

  5. Commercialpublishers--especiallytradepublications.

  6. Researchandnonprofitorganizations.

  7. Conferencesandpersonalcontact.

  8. Computer-providedsearchsystems.
    Therearetremendousadvantagesinusingdatafromsecondaryso urces.In thefirst
    place,theexpenseofgatheringinformationfromsecondarysourcesisa fractionofthecost
    ofcollectingprimarydata.Thetimerequiredtocollect dataisalsoless. Frequently,the
    informationrequiredtosolvea managementproblemmustbeobtain~dquickly. Thanksto
    computertechnology, it isnowpossibletogather,merge,andreformulatemanysecond-
    arysourcesofdata.Thiscapabilityhasmadesecondarydataevenmoreattractive.
    Theinherentlimitationsofusingsecondarysourcesdataaretwofold.First,the infor-
    mationisfrequentlydated.Second,seldomaresecondarydatacollectedforpreciselythe
    samereasonsthattheinformationissoughttosolve~hecurrentmarketingproblem.Inspite
    oftheselimitations,theadvantagesofsecondaryresearcharesogreatthatit is a common
    procedurenottoproceedwiththecollectionofprimarydatauntilaftera thoroughsearch
    ofsecondaryinformationsourcehasbeencompleted.
    Primaryinformationisobtaineddirectlyfromitssource.Itinvolves datathat are
    notavailableinpublishedformorincompanyrecords.Itisgatheredspecificallytoanswer
    yourresearchquestion.Thesourcesofprimaryinformation,however,cannotbeaseas-
    ilyidentifiedascanthesourcesofsecondarymarketdata.Havingidentified theinformation
    requiredtohelpmanagementsolvea problem,it is usuallypossibietoidentifytheperson
    orpersonspossessingtheinformationdesired.Insomecases,theinfor:nationcanbeobtained
    fromoneofseveralsources.Inothersituations, theinformationcanbeobtainedonlyby
    contactingspecificsources.Forexample,a manufacturerofvitaminsforchildrendiscovered
    thatit wasnecessarytoobtaininformationfromtheusers(children),purchasers(parents),
    sellers(forthemostpart,druggists),andpurchaseinfluencers(pediatricians).Similarly,
    a manufactureroffeedfordairycattlefounditdesirabletoseekmarketinformationfrom
    farmers,feeddealers, anddairyspecialists.Obviously,itisexpensivetocollectmarket-
    inginformationfrommultiplesources,andoftenitisratnertime-consuming.Thesetwo
    disadvantagesareoffsetbythefactth at theinformationsoobtainedis tailoredtothespe-
    cificproblemathand.Ultimately,thequestionastowhichsourceofmarketinformation
    tousedependsonthevalueoftheinformationinrelationshiptothetimeand cos t required
    togatherit.^4


ChoosingtheMethodofCollectingData Therearevariousmethodsofcollect-
ingdata,bothsecondaryandprimary. Secondarysourcesofinformation,listedearlier,can
begatheredthrougha numberofmeans.Acompanymayestablisha data-gathering/stor-
agesystemaspartoftheircomputersystem.Sales, expenses,inventory,returns,andcus-
tomercomplaintsarethengatheredautomatically. Ora companycansubscribetooneor
morepublicresearchcompaniesthatgatherrelevantinformation.Finally,a companycan
obtaininformationona problem-by-problembasis.
Therearethreecommonmethods usedtocollectprimaryinformation:observation,
questionnaire,andself-report.Observationaldatacollectionmaybetheoldestmethod.
Sincethebeginningofcommerce,merchants have beenwatchingtheircustomersand

Free download pdf