Home | Industry Information | Business News | Browse by Publication | C | Chartered Management Institute: Checklists: Managing Information and Finance

Carrying out marketing research.(Checklist 111)

Publication: Chartered Management Institute: Checklists: Managing Information and Finance
Publication Date: 01-OCT-05
Format: Online
Delivery: Immediate Online Access

Article Excerpt
[check] This checklist has been designed to explain the basic steps of marketing research.

The use of marketing research has become increasingly prevalent since the 1980s. This has partly happened as a result of the quality revolution that swept through many organisations. At the heart of...

View more below

You can view this article PLUS...

  • Hundreds of the most trusted magazines, newspapers, newswires, and journals (see list)
  • Business news from North America and around the World
  • More than 10 years of article archives
  • Unlimited Access at any time - ONLINE and all in ONE place

Now for a Limited Time, try Goliath Business News - Free for 7 Days!
Tell Me More   Terms and Conditions
Already a subscriber?
Log in to view full article
Purchase this article for $4.95

...the quality movement is the notion that organisations need to get close to customers; in order to do this, they need to listen to what those customers really want. Marketing research is one of the main ways of finding this out.

Definition

For the purposes of this checklist, market research and marketing research are interchangeable terms, that are used to define a data gathering and analysis process which aims to provide information on the sale of products or services, and the customers who buy them.

But the research process goes a lot further into the areas of:

market size and key market sectors market brand shares

identifying potential customers identifying needs that may not have been articulated information on competitors defining actual and potential market sizes. While there is much that marketing research can do, mostly it is directed towards discovering which groups or market sectors will buy your product, and what improvements, replacements or new related products may be desirable.

There is a range of different methodologies for carrying out marketing research--surveys, questionnaires, High...

NOTE: All illustrations and photos have been removed from this article.

Access Full Article, Compliments of Goliath


More articles from Chartered Management Institute: Checklists: Managing Information and Finance
Carrying out a PEST analysis.(Checklist 196)(political, economical, so..., October 01, 2005
Finding Information on the World Wide Web.(Checklist 194), October 01, 2005
Accounting ratios.(Checklist 192), October 01, 2005
Discounted cash flow.(Checklist 185)(suggestions for calculation), October 01, 2005
Reading a profit and loss statement.(Checklist 183), October 01, 2005

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.