One of the key factors to consider in a market research
Question # 00267477
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Updated on: 04/30/2016 03:55 PM Due on: 05/31/2016

One of the key factors to consider in a market research project is the extent to which a researcher needs to have an understanding of, and sensitivity to, cultural matters and issues when conducting his/her research, especially with international initiatives.Over the past few weeks, you have assumed the role of a junior marketing executive overseeing the research on your organisation’s new smartphone initiative in Sub-Saharan Africa. In this week’s Key Concept Exercise, you will consider the cultural dynamics that can impact marketing research efforts, as well as the most appropriate data collection methods and tools to use in the research process, given those dynamics.To prepare for this Key Concept Exercise:Read the Required Learning Resources for Week 7.Think about the impact culture can have on marketing research projects.Research reliable sources of information on the smartphone target market.Consider the role of technology and social media in the marketing research process.To complete this Key Concept Exercise:By Day 3, in an approximately 500-word response, address the following issues/questions:What types of cultural issues could you as the junior marketing executive encounter?What could be the potential impact of these issues on your ability to carry out effective marketing research?Discuss whether or not culture could influence the extent to which quantitative and qualitative data are collected by the researcher. References: Aichner, T. & Jacob, F. (2015) ‘Measuring the degree of corporate social media use’, International Journal of Market Research,57 (2), pp.257-275. http://www.warc.com.liverpool.idm.oclc.org/Content/ContentViewer.aspx?MasterContentRef=9b6c0505-9619-4522-a101-3b3431b4e336&q=Aichner+Measuring+the+degree+of+corporate+social+media+use&CID=A104155&PUB=JMRSAugust, S. (2014) ‘Big data and the future of market research’, Research World,2014 (49), pp.48-50.Charlton, G. (2013) How O2 uses advanced analytics for customer retention [Online]. Econsultancy.com Limited. Available from: https://econsultancy.com/blog/63428-how-o2-uses-advanced-analytics-for-customer-retention (Accessed: 5 May 2015).Costa e. Silva, S. & Duarte, P. (2014) ‘Suggestions for international research using electronic surveys’, Marketing Review,14 (3), pp.297-309.Lewis, I. (2012) ‘The future of market research’, International Journal of Market Research,54 (1), pp.11-13.Phillips, S. (2014) ‘The future of market research’, Research World,2014 (47), pp.38-47.Sasu, C. (2011) ‘A managerial perspective on international marketing research’, Scientific Annals of the ‘Alexandru Ioan Cuza’ University of Iasi,58 (Special Issue), pp.137-149.Warner, A. (2014) ‘What is the future of market research?’ Research World,(46), pp.65-66.Anonymous (2009) ‘WARC: “online research”’, 4-5 March 2009, London’ EBSCO. 51 (4), TY: CONF. Warc LTD. pp.550-553.Cooke, M. & Buckley, N. (2008) ‘Web 2.0, social networks and the future of market research’, International Journal of Market Research,50 (2), pp.267-292.Douglas, S.P. & Craig, C.S. (2006) ‘On improving the conceptual foundations of international marketing research’,Journal of International Marketing,14 (1), pp.1-22.Oxley, M. & Carnot, A. (2001) ‘Is the internet the future of market research? Will online research take over the MR world? Europe-wide research points the way forward’, ADMAP,36 (416), pp.51-54.Roberts, J. (2009) ‘The market research crystal ball’, Marketing Week,32 (17), p.96.Gordon, W. & Valentine, V. (2000) ‘The 21st century consumer’, International Journal of Market Research,42 (2), pp.185-206.Young, R.B. & Javalgi, R.G. (2007) ‘International marketing research: a global project management perspective’,Business Horizons,50 (2), pp.113-122.

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Solution: One of the key factors to consider in a market research