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Introductory
Core Processes
Techniques
& Resources
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Introduction to Marketing Research
| Marketing research is the systematic collection,
recording, analysis and distribution of data and information about marketing
problems and opportunities. |
These pages apply to each step of the strategic marketing planning process:
identifying environmental threats and opportunities, comparing potential
of international markets, selecting target markets, establishing realistic
missions and goals, formulating and implementing goal-oriented strategic
plans, and controlling marketing performance.
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Marketing Research and the
Marketing Mix
| When performing marketing research, it
is important to take the marketing mix* into consideration. This
allows you to paint a clear picture of your company’s current economic
situation and export prospects.
Click here for details
of the marketing mix.
* "Marketing Mix" is shorthand for a group of
related marketing concepts often referred to as the "four P's":
Product, Price,
Place,
and Promotion. |
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Definitions and Methods
| Information sources used by market researchers
are classified as Primary or Secondary. Since secondary sources are
more easily and economically accessed, evaluation of a prospective market
or marketing campaign usually begins there. |
Under this topic, we offer brief descriptions of the main market
research techniques, and insights to "sources and methods"
- though not of the cloak and dagger genre.
Please click here
for details.
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Step-by-Step Approach to
Marketing Research
| Having laid out definitions and methods
above, here is a basic procedure for applying them to select and qualify
an initial set of high-potential target markets. |
First: Screen and Short-list Potential Markets
Second: Rigorously Assess Your Short-list
Finally: Draw Conclusions on How Best to
Focus Resources for Realistic Targets
Please click here
for details.
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Sources for Marketing Research
| Sources for marketing research information
are nearly unlimited. We provide some sample online sources to help
get a project underway productively.
Of course there are also many print sources, available in libraries
or from specialized publishers.
Beyond these, the researcher is invited to rely on networking and on
Google. |
Please click here
for links to the GMSS list of sample sources.
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©2005
The Board of Trustees of the University of Arkansas
3/21/2005
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