STEP1 --- DEFINE THE PROBLEM: SPEAK TO MANAGEMENT AND THEN USE THE QUESTION HIERARCHY.
STEP 2 --- SPECIFY THE VALUE OF THE INFORMATION: THAT IS...HOW MUCH ARE YOU WILLING TO PAY TO OBTAIN THE INFORMATION. REMEMBER: n= Z²P(1-P)/E²
n=sample size Z²=confidence level P=portion E²=error
STEP 3 --- SELECT THE DATA COLLECTION
APPROACH:
1. Secondary Data: Is data collected for some purpose other than solving the current problem at hand..such as government publications; trade association data; syndicated services (Neilsen, SAMI); also data internal to the firm inclusive of salesperson call reports; accounting and sales records; old research reports.
2. Primary Data: Is data specifically collected to solve the problem at hand.
CHOOSE BETWEEN:
A) Survey research: a systematic collection of information directly from respondents… One may use telephone interviews, mail interviews or personal interviews.
b) Experimental research: The experimenter manipulates one or more variables in such a way that its effect on one or more other variables can be measured. This can be done in the lab or in the field.
research category:
a) Exploratory: used to:
-formulate a problem and hypotheses for more precise investigation
-establish priorities for future research
-increase familiarity with the problem
b) Descriptive: used for
-consumer profiles
-product usage studies
-market potential studies
-attitude surveys (cross- sectional or longitudinal)
c) Causal: used to measure cause and effect between two variables (in marketing..typically advertising versus sales).
STEP 4 --- SELECT THE MEASUREMENT TECHNIQUE:
Options include:
- the questionnaire
- observation
- projective techniques and depth interviews (Tecate Beer)
STEP 5 --- SELECT THE SAMPLE:
Consider:
- the population
-sampling frame (a list of population members)
- sampling unit
- sampling method (probability or non-probability)
- sample size
- sample plan
STEP 6 --- SELECT THE ANALYTICAL METHOD: Analysis is a function of the nature of the sampling process, measurement instrument, data collection method).
STEP 7 --- PREPARE THE RESEARCH REPORT:
this report should include the following sections:
- executive summary
- background and objectives of the research
- methodology
- detailed findings
- implications & conclusions
- future research