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McDaniel&Gates–MarketingResearch,12thEdition Instructor’sManual
Copyright©2021JohnWiley&Sons,Inc. 4-
CHAPTER1
StepsinCreatingMarketInsightsandtheGrowingRoleofMarketingAnalytics
LEARNINGOBJECTIVES
1.Comprehendthemarketingenvironmentwithinwhichmanagersmustmakedecisions.
2.Examinethegrowingimpactofmarketinganalytics.
3.Analyzetheproblemdefinitionprocess.
4.Learnthestepsinvolvedinthemarketingresearchprocess.
5.Understandthecomponentsoftheresearchrequest.
6.Appreciatetheimportanceofthemarketingresearchproposal.
7.Comprehendtheimpactofmarketinganalytics,bigdata,andthegrowthofunsupervisedlearning.
8.Examinewhatmotivatesdecisionmakerstousemarketingresearchinformation.
KEYTERMS
Bigdata
Caseanalysis
Casualstudies
Descriptivefunction
Descriptivestudies
Diagnosticfunction
Experiencesurveys
Experiments
Exploratoryresearch
Hypothesis
Managementdecisionproblem
Marketingresearch
Marketingresearchobjective
Marketingresearchonlinecommunity
Marketingresearchproblem
Marketingstrategy
Nonprobabilitysample
Observationresearch
Opportunityidentification
Pilotstudies
Predictivefunction
Probabilitysample
Requestforproposal(RFP)
Researchdesign
Researchrequest
Situationanalysis
Structuraldata
Supervisedlearning
Surveyresearch
Unstructureddata
Unsupervisedlearning
Variable
CHAPTERSUMMARY
Thischapterservesasanintroductiontomarketingresearch.Itstartsbydefiningmarketingresearchandthenexplainingitsvariousroles.Socialmediahaschangedtherelationshipbetweenfirmsandtheircustomersandthisisbrieflyaddressed.Alsoaddressedistheroleofanalyticsinmarketingandmarketingresearch.
Thechapterthendescribestheresearchprocess.Thisbeginswithadescriptionoftheproblem(oropportunity)definitionprocess.Itthenmovestoadiscussionofwhatinformation/dataisrequiredfortheresearchandhowultimatelyadecisionwillbemade.Next,thechapterdiscussesthetypesofresearchthatcanbeperformed,suchasexploratoryorsecondarydataanalysis.Oncethedataneedshavebeenidentified,thebookdiscussescheckingtoseeifthatdataalreadyexists.Ifitdoes,thefirmdoesnotneedtospendtimeandmoneytogeneratethedata.Next,itdescribestheresearchobjectivesandhowtoconvertthesetohypotheses.
Next,thechapterdiscussesbasicmethodsofresearchlikesurveys,observations,andexperiments.Aspartofthis,itdiscussessamplingprocedures,collectingthedata,analyzingthedata,andthenreportingonthedata.
Thechapterthendiscusseshowtomanagetheresearchprocess.Itdescribestheresearchrequest,anRFP,aproposal,andwhattolookforinasupplier.Itthenexplainstheimpactof“bigdata”andmarketinganalytics.Thechaptercloseswithadiscussionofwhatmotivatesmanagersanddecisionmakestoactuallyusetheresultingresearchinformation.
QUESTIONSFORREVIEW&CRITICALTHINKING
Theroleofmarketingistocreateexchanges.Whatrolemightmarketingresearchplayinfacilitatingtheexchangeprocess?
Exchangecantakeplacewhentwoormorepartieshavesomethingofpotentialvaluetoeachotherandcancommunicateanddeliverthesedesiredgoodsorservices.Marketingresearchhelpsthesepartiestodeterminewhatgoodsorservicesaredesiredbyotherpartiesandatwhatpricelevelthesegoodsandservicesbecomeofvalue.Inotherwords,marketingresearchaidsmanagersindeterminingwhowantsbenefitsfromgoodsorservicesandwhere,when,andatwhatpriceanexchangecanoccur.
Marketingresearchhastraditionallybeenassociatedwithmanufacturersofconsumergoods.Todayanincreasingnumberoforganizations,bothprofitandnonprofit,areusingmarketingresearch.Whydoyouthinkthistrendexists?Givesomeexamples.
Marketingresearchhelpsallorganizationsfollowtheprincipleofthe“marketingconcept.”Profit-makingorganizationsfaceincreasingamountsofcompetitionfromU.S.companies,aswellasfromglobalcompanies.Also,bothprofit-makingandnonprofitorganizationsareservinganincreasinglydiverseclientele.Marketingresearchhelpstoidentifytargetcustomersandtheirneedsinarapidlychangingenvironment.
Commentonthefollowingstatementbytheownerofarestaurantinadowntownarea:“IseecustomerseverydaywhomIknowonafirst-namebasis.Iunderstandtheirlikesanddislikes.IfIputsomethingonthemenuanditdoesn’tsell,Iknowthattheydidn’tlikeit.IalsoreadthemagazineModernRestaurants,tokeepupwithindustrytrends.ThisisallofthemarketingresearchthatIneedtodo.”
Thisrestaurantownermayknowcustomersbyname,buttheassertionaboutunderstandingtheirtastesmaybeover-confident.Anitemonthemenumaynotsellbecausethecustomersarenotfamiliarwithit.Or,itmaybeperceivedastooexpensive.Therecouldbemanyreasonswhyaproductmightnotsellaswellastheownerwantsitto.Byconductingmarketingresearch,theownercouldbetterdeterminethepreferencesofcustomersandpotentialcustomers.Thiswouldsavethemoney,effort,andtimeofchangingthemenuselection.Whileanationalmagazinecandeterminenationaltrendsintherestaurantbusiness,thesetrendsarenotalwayscompletelyapplicableatthelocallevel.Marketingresearchcouldhelptheownerbecomefamiliarwiththefavoritefoodsinthelocalgeographicmarket.
Whyismarketingresearchimportanttomarketingexecutives?Giveseveralreasons.
Marketingresearchisimportanttomarketingexecutivesbecauseitgivesthemadditionalinformationonwhichtomakedecisions.Someofthatinformationincludes:
Itdiscoverstrendsinthemarket.
Itgaugescustomerattitudestowardproducts,services,andadvertising.
Itexplainswhateffectchanginganelementofthemarketingmixwouldhaveonsales.
Itpredictstheresultsofaplannedmarketingdecision.
Itdeterminesthelevelofservicescustomers’desireatagivenprice.
Whatdifferencesmightyounoteamongmarketingresearchconductedfor(a)aretailer,(b)aconsumergoodsmanufacturer,(c)anindustrialgoodsmanufacturer,and(d)acharitableorganization?
Eachoftheseorganizationswouldusemarketingresearchtohelpaccomplishthestrategicmissionoftheirorganizationorthegoalsthatweredeterminedtobemostimportant.Forexample:
Aretailermightusemarketingresearchtotracktrendsindemographics,todetermineeffectiveadvertisingstrategies,andtofindproductsorservicesdesiredbythecustomer.
Aconsumergoodsmanufacturermightusemarketingresearchtohelpdeterminetheprobabilityofsuccessofanewproductortokeepcurrentonitscompetitors’activitiesandsuccess.Itmightalsouseittoascertainthebesttargetmarketforcurrentproducts.
Anindustrialgoodsmanufacturermightusemarketingresearchtoprojectfutureneedsofcustomersortodeterminethelevelofproductsthatwillbedemanded.
Acharitableorganizationmightusemarketingresearchtodeterminewhatservicesaremostneededinademographictargetmarketandtofindthemosteffectivevehiclefordeliveringthoseservices.Itmightalsousemarketingresearchtoidentifypotentialdonorsandtofindthemosteffectivewaytoappealtothem.
Commentonthefollowing:RalphMoranisplanningtoinvest$1.5millioninanewrestaurantinSaintLouis.Whenheappliedforaconstructionfinancingloan,thebankofficersaskedwhetherhehadconductedanyresearch.Ralphreplied,“Icheckedonresearchandamarketingresearchcompanywanted$20,000todothework.Idecidedthatwithalltheotherexpensesofopeninganewbusiness,researchwasaluxurythatIcoulddowithout.”
IfMr.Moraniswillingtospend$1.5milliononanewrestaurantwithoutconductingmarketingresearch,heshouldbepreparedtolosethatmoney.Withoutmarketingresearch,hemaynotknowhispotentialcustomersortheirdesires.Norwillheknowifthosedesiresorneedsarecurrentlybeingmetbyexistingbusinesses,oratwhatpriceorqualitylevelthecustomerswouldbewillingtotryanewrestaurant.Hisadvertisingmaybeatbestineffectiveorattheworstoffensive.Forexample,whatifheweretoadvertisebarbecueporkribsinanareathatispredominantlyJewish?Givenallofthis,$20,000seemsasmallpricetopaytoincreasethechancesofsuccessofabusinesswithsolargeaninvestment.
Whydoyouthinkthatmarketinganalyticshasbecomesoimportanttobusinesses?
MarketingAnalyticsisthediscovery,interpretation,andcommunicationofmeaningfulpatternsindata.Theseinsightsenablemarketingmanagerstounderstandmarketsandcreatetherightmarketingmixtodrivecustomersatisfactionandretention.Thisisespeciallyimportantsinceitallowsmanagerstoexplorenewproductsandideaswithouttheneedtoproduceprototypesorfirstperformeddetailedresearch.
Whatisstructuredandunstructureddata?Giveexamplesofeach.
Structureddataisdefineddatatypesthatarefoundinnumericfields.Examplesinclude:income,age,numberinhousehold,buyingfrequency,andpurchasetransactions.
Unstructureddatadoesnothaveapredefineddatamodelorisnotorganizedinapredefinedmanner.Examplesincludesocialmediapostings,YouTubevideoswatched,tweets,in-storeaislecameras,andsensordata.
ExplaintheconceptofBigData.
Bigdataistheaccumulationandanalysisofmassivequantitiesofinformationthatisespecially,butnotexclusively,relatedtohumanbehaviorandinteractions.
11.HowhastheInternetchangedthefieldofmarketingresearch?
Thereach,economy,andspeedoftheInternethavehadsignificanteffectsintherecentpast,andpromisetohaveevenmoreprofoundimpactinthefuture.SecondaryinformationforexploratoryresearchcanbeobtainedfromliteraturereviewsandWebpages.Thecapacityforcaptureandcommunicationofprimarydatawillmakedescriptiveresearchmoreeffective.Consumerscanbesurveyedon-line,andtheresultsanalyzedinstantly.Projectsponsorsandresearcherswillbeabletocommunicateandcollaboratemoreeasily.Inaddition,researchresultsandreportscanbedisseminatedoverawideaudience,againinreal-time.
12.ExplaintheconceptofBigData.
BigDataastheaccumulationandanalysisofmassivequantitiesofinformationespeciallyrelatedtohumanbehaviorandinteractions
Thedefinitionoftheresearchproblemisoneofthecriticalstepsintheresearchprocess.Why?Whoshouldbeinvolvedinthisprocess?
Correctlydefiningtheproblemisthecrucialfirststepinthemarketingresearchprocess.Iftheresearchproblemisdefinedincorrectly,theresearchobjectiveswillalsobewrong,andtheentiremarketingresearchprocesswillbeawasteoftimeandmoney.
Clearly,marketingmanagersshouldbeinvolvedinthisprocess.Forlargerissues,higherlevelmanagersshouldbeinvolvedaswell.Managersandresearchersattheresearchfirmwillbeinvolvedtohelpthemanagersdefineandrefinetheresearchprocess.
Whatroledoesexploratoryresearchplayinthemarketingresearchprocess?Howdoesexploratoryresearchdifferfromotherformsofmarketingresearch?
Exploratoryresearchispreliminaryresearchconductedtoincreasetheunderstandingofaconcept,toclarifytheexactnatureoftheproblemtobesolved,ortoidentifyimportantvariablestobestudied.
Exploratoryresearchisdifferentfromotherformsofmarketingresearchbecausetheprocessisnotwell-definedatthestartoftheresearch.Rather,muchexploratoryresearchishighlyflexible,withresearchersfollowingideas,clues,andhunchesaslongastimeandmoneyconstraintspermit.
Givesomeexamplesofsymptomsofproblemsandthensuggestsomeunderlyingrealproblems.
Asymptomisaphenomenonthatoccursbecauseoftheexistenceofsomethingelse.Forexample,managersoftentalkabouttheproblemofpoorsales,decliningprofits,increasedcustomercomplaints,ordefectingcustomers.Eachoftheseisasymptomofadeeperproblem.Thatis,somethingiscausingacompany’scustomerstoleave.Moreexamplesinclude:
Lowercollegeenrollmentbeingasymptomofdecliningnumbersofyoungadultsofcollegeage.
Lowervoterturnoutbeingasymptomofinconvenientpolllocationsand/orinconvenientpollhours.
Lowersalesbeingasymptomofdecliningincomeforthefirm’scustomerbase.
Critiquethefollowingmethodologiesandsuggestmoreappropriatealternatives:
Asupermarketisinterestedindeterminingitsimage.Cashiersdropashortquestionnaireintothegrocerybagofeachcustomerpriortobaggingthegroceries.
Thiswouldonlyreachcustomerswhocontinuetoshopatthesupermarket.Anycustomerswhohadconcernsabouttheirimagemightnotshopthereandwouldnotbereachedbythesurvey.Additionally,thesamecustomermightbesurveyedmorethanonceandtheresponseratewouldlikelybelow.
Abetterapproachwouldbetobeginbyidentifyingtheareafromwhichthesupermarketislikelytodrawcustomersandthecharacteristicsofcustomerswithinthatarea.Withthatinformation,aresearchmethodcouldbedesignedtoreachthese.
Toassesstheextentofitstradearea,ashoppingmallstationsinterviewersintheparkingloteveryMondayandFridayevening.Afterpeopleparktheircars,interviewerswalkuptothemandaskthemfortheirzipcodes.
Thisisanexpensiveandtimeconsumingapproachtofindoutinformationthatshouldbemuchmorereadilyavailable.Additionally,asdesigned,itwouldnotidentifyifcustomerswhodrivelongdistancesdosoforthemalloverallorforindividualstores.
Assumingindividualstoresarewillingtosharethedata,customercreditcardreceiptswouldallowthemallstoquickly-and-easilyidentifyboththeirserviceareaandtheextenttowhichtheserviceareavariesfordifferentstores.
Toassessthepotentialfornewhorrormoviesstarringalienrobots,amajorstudioinvitespeopletocalla900numberandvoteyesiftheywouldliketoseesuchmoviesornoiftheywouldnot.Eachcallerisbilleda$2charge.
Whenarespondentmustpaytoparticipateinasurvey,onlythoserespondentswithverystrongopinionsarelikelytoparticipate.
Oneapproachstudentsmightsuggestisusingthesametypeofpoll,onlyusinganInternetapproachsorespondentsdonotpaytoparticipate.Whilethisisbetter,itstillrequiresthestudiotoidentifypotentialrespondents,willstillreachonlyrespondentswithstrongopinionssincetheymusttakethetimetologintothewebsite,andisvulnerabletosomeonewithverystrongopinionsrespondingmorethanonce.
Abetterapproachwouldbetosurveymoviegoerswhoareleavingthetypeofmoviethatwouldbeofinteresttoviewersofthisnewmovietoseeiftheyareinterested.
Youhavebeenchargedwithdetermininghowtoattractmorebusinessmajorstoyourschool.Outlinethestepsyouwouldtake,includingsamplingprocedures,toaccomplishthistask.
Studentanswerswillvaryagreatdeal.Afewthingstoconsiderwhenevaluatingthemare:
Makesuretheirresearchincludespotentialstudentswhochoosenottocometotheschoolandnotjuststudentswhodecidetocometotheschoolbutchooseothermajors.
Theresearchshouldbelookingatiftheissueisthereputationoftheschool,thereputationofthebusinessschool,orboth.
Ifyourschooldoesnotrequireincomingstudentstoinitiallydeclareamajor,theresearchshouldaddressstudentsatthepointwhentheydodeclaretheirmajors.
Areallygoodproposalwouldalsolookatstudentswhoaremajoringinbusinesswhodecidetochangemajorstosomethingelse.
Whatcanresearchersdotoincreasethechancesthatdecisionmakerswillusethemarketingresearchinformationtheygenerate?
Thedeterminantsofwhetherornotamanagerusesresearchdataare(1)conformitytopriorexpectations,(2)clarityofpresentation,(3)researchquality,(4)politicalacceptabilitywithinthefirm,and(5)lackofchallengetothestatusquo.Byaddressingeachofthese,researcherscanmaximizethechancestheirresearchwillbeused.
Explainthecriticalroleoftheresearchproposal.
Theresearchproposalisadocumentthatpresentstheresearchobjectives,researchdesign,timeline,andcostofaproject.Thebasisformeasuringareport’squalityliesintheresearchproposal.Doesthereportmeettheobjectivesestablishedintheproposal?Hasthemethodologyoutlinedintheproposalbeenfollowed?Aretheconclusionsbasedonlogicaldeductionsfromthedataanalysis?Dotherecommendationsseemprudent,giventheconclusions?Inotherwords,theresearchproposaltellstheresearcherwhatresearchquestionstoaddressandformsthebasestoevaluatetheresultsoncetheyareproduced.
REALLIFERESEARCH
Case1.2:CanAnyonebeaMarketResearcher?
KeyPoints
Recently,GoogleannouncedthatitwasofferingGoogleConsumerSurveys(
/insights/consumersurvey
)toanyonewantingtodomarketingresearch.GooglesaysthattheserviceisforanyonefromFortune500companiesto“thelocalbikeshop.”
Itispromotedasfast,accurate,andalowcostalternativetotraditionalmarketingresearch.TheGooglesurveywebsitenotes,“WithGoogleConsumerSurveys,youchooseyourtargetaudience,typeyourquestionandwatchtheresultsrollinwithinhours.Getcompleteresultsindays;notweeks.”Googlenotesthatuserscantestproductconcepts,trackbrands,measureconsumersatisfactionandmore.
InaninterviewwithPaulMcDonald,acreatorofGoogleConsumerSurveys,headdressesseveralconcernsfromthemarketingresearchindustryaboutthenewservice.Hesays,“Ithinkyourconcernsaboutthequalityofthedatafromself-servicesurveyplatformsarewellknownintheresearchcommunity,”McDonaldwrote.“Asthemantragoes,‘Garbagein,garbageout’…Wetrytoencouragesurveybestpracticesinourhelpcontent,programpoliciesandbyprovidingsurveytemplatestoguidenewresearchers.Intheendweareprovidingaplatformwhichcanbeusedtocreateprofessionalandstatisticallyaccuratesurveys.”
Questions
GotoGoogle’sConsumerSurveywebsite.Afterclickingthroughhowitworks,andexamples,doyoufeelcompetenttocreateanInternetsurvey?Whyorwhynot?
TheGoogleConsumerSurveymethodiseasytounderstandanduse,becauseitiswelldesignedandmenudriven.
DoyouthinkthemarketingresearchindustryshouldbeconcernedaboutGoogleConsumerSurveys?Why?
Yes,becauseGooglehasamethodologywhichpossiblygivesitssurveymethodtheabilitytoinferdemographicinformationtoitssurveyswithoutaskingdemographicquestions.
CHAPTER2
SecondaryData:APotentialBigDataInput
LEARNINGOBJECTIVES
1.Understandtheadvantagesanddisadvantagesofsecondarydata.
2.Comprehenddataminingandbehavioraltargeting.
3.LearnaboutthegrowthofBigData.
4.Understandgovernmentactionsinconsumerpricing.
KEYTERMS
Behavioraltargeting
Firstpartydata
Internaldatabase
Passivedatacollection
Primarydata
Secondarypartydata
Thirdpartydata
CHAPTERSUMMARY
Thischapterexaminesthemanysourcesofsecondarydata.Italsoexploreswaystomanagethatdata.Theadvantagesanddisadvantagesofsecondarydata.Databasesthatareinternalandexternaltothecompanycanprovidesomeofthemostusefulinformationneededtomakegoodmarketingdecisions.
Thechapterdiscussesdataminingandtheimportanceofdiscoveringpatternswithinadatabasethathavemarketingimplications.Someofthisinformationisinternal,createdwithinthecompany,suchassalesreportsandcustomerrecords.Otherdataisexternaltothecompanythereisawealthofinformationpublishedbyseveralentities,suchasthegovernmentandcompanieslikeAcxiom.BehavioraltargetingandBigDataAnalyticsarediscussed.BigDatagivesmarketerstheabilitytoanalyzeanddiscoverconsumerbehavioralpatternsinextremelylargedatabases.
Thechapterdiscussesusing“BigData”tounderstandaconsumer’shabits,demographics,andsocialnetworksinordertoincreasetheeffectivenessofonlineadvertising,asubjectcalledbehavioraltargeting.BigDataistheaccumulationandanalysisofmassivequantitiesofinformationthatisespecially,butnotexclusively,relatedtohumanbehaviorandinteractions.
Finally,thechapterdiscussestheprivacyimplicationsofBigData.Aspartofthatdiscussion,itcoversfederallaws,theFederalTradeCommission,stateprivacylaws,andtheGeneralDataProtectionRegulation(EuropeanUnion).
QUESTIONSFORREVIEWANDCRITICALTHINKING
Whyshouldcompaniesconsidercreatingabigdatadatabase?Namesometypesofinformationthatmightbefoundinthisdatabaseandsourcesofthisinformation.
Bigdatadatabasesareanexcellentwaytoidentifyandclassifycustomersandtomonitortheirpurchases.Thisgivesthefirmtheabilitytotargettheirmarketofferingmoreeffectively.Thetypesofinformationthatmightbeinthedatabaseincludethecustomerdemographics,includingnames,addresses,telephonenumbers,age,income,familymembers’namesandages,andpreferences,aswellaspurchasehistory.Potentialcustomers’namesmightalsobelistedwithasmuchdemographicinformationasisavailable.Thisinformationmaycomefromseveralsources,includingsalesrecords,salescallreports,creditapplications,registrationsfor“clubs,”customerpaneldata,registrationsforgiftsandprizes,andfromfinancial/accountingdata.
WhyhasbigdataanalyticsbecomesopopularwithfirmslikeUnitedAirlines,AmericanExpress,andFordMotorCompany?
Allmajorfirmscollectdatarelatedtocustomershopping,transactions,andcustomerservicefeedback.BigDataanalyticsusesstatisticalandothermathematicalsoftwaretoolstodiscovernon-obviouspatternsofpreferenceandbehaviorthatmightbehiddeninthesedatabases.Theobjectiveofthisanalysisistoidentifyinformationthatmarketerscanusetoformulatestrategiesandtacticstoincreasethefirm’ssalesandprofitability.
Ithasbeensaidthatbigdataanalyticsturnsthescientificmethodonitshead.Whatdoesthismean?
Traditionally,marketingresearchhasstartedwithproblemrecognition,welldefinedproblemsandmethodsofcollectingdatainwhichthemarketresearcherhasalotofcontrolover.Thedataisputneatlyintorowsandcolumnsinastatisticaldatabase,andthemarketresearchercananalyzethoserelationshipsdefinedbytheresearchstudyobjectives.Withbigdataanalytics,however,theprocessismorediscoveryoriented.Thesoftwarecananalyzedatapatternsinthedatabaseandutilizedatainaforminwhichwasnotpossiblewithtraditionalstatisticalanalysis.
Whyaresecondarydataoftenpreferredtoprimarydata?
Secondarydataarealreadycollected,soaccessshouldbemuchfaster.Secondarydatashouldbelesscostlytoobtainthanprimarydata.Insomecases,aswheninvestigatinghistoricalevents,secondarydataisallthatispossibletoobtain.
Whatpitfallsmightaresearcherencounterinusingsecondarydata?
Theremaybealackofavailabilityofsecondarydata,orthedatathatisavailablemightlackcurrency,relevance,oraccuracy.Finally,theavailablesecondarydatamightbeinsufficienttohelpthemanagertomakeanaccuratedecision.
Whyhasbehavioraltargetingbecomesopopularwithmarketers?Whyisitcontroversial?
AstheInternethasmatured,non-targetedadvertisinghasdecreasedinefficiency.Onestudyfoundthatonly4percentofInternetusersaccountfor67percentofalldisplayadclicks.AnotherrecentstudybyDoubleClickreportedanaverageclick-throughrateofjust0.1percent.Behavioraltargethasraisedsomeissueoverconsumerprivacy,makingitcontroversialinsomecases.
Intheabsenceofcompanyproblems,isthereanyneedtoconductmarketingresearchorusemarketinganalytics?
Thedefinitionofmarketingresearchstatesthatinformationiscollectednotonlytohelpfindsolutionstoexistingproblems,butalsotoidentifyopportunities.Therefore,thereisnoenterprisethatcannotbenefitfrommarketingresearch.Marketinganalyticscanprovidetheinformationthatisneededtoidentifythoseopportunities.And,younevercantell:justbecauseyoudon’thaveaproblemtodaydoesnotmeanthatyouwon’thaveonetomorrow.Then,marketinganalyticscouldbeinvaluable.
DoyouthinkthatGDPRgoestoofarinregulatingnon-EUfirms?Arethefinestoolarge?
Studentopinionswillvarygreatlyonthisquestion.IfyouhavestudentsfromtheEU,thismightbeagoodin-classdiscussiontopic.
Dividetheclassintogroupsoffourorfive.EachteamshouldgototheInternetandlookupmarketinganalytics.EachteamshouldthenreporttotheclassonhowaspecificcompanyiseffectivelyusingBigDatatoimprovetheirmarketingefficiency.(TeamExercise)
Theinformationisavailablebutstudentanswerswillvarygreatly.
WORKINGTHENET
Goto
www.A
andexplainwhattheydo.Whyaretheirservicesvaluabletomanyfirms?
Aysadiprovidesasoftwaresystemofanalysisthatcanevaluateandanalyzeconversationsandothertypesofdatathatformerlycouldnotbeanalyzedbystatisticalsoftware.Suchamethodmakesthedataavailableandunderstandabletoallusers,insteadofmerelypeoplewithadvancedstatisticaltraining.
GototheNationalOpinionResearchCenteratanddescribewhatnewreportsareavailableforresearchers.
Justasampleofsomeofthereportsandstudiesavailableinclude:Economics,Labor,andPopulationstudies;EducationandChildDevelopment;HealthSurvey,Program,andPolicyResearchStatisticsandMethodology;SubstanceAbuse,MentalHealth,andCriminalJustice;TheNationalSocialLife,Health,&AgingProject(NSHAP);EvaluationofRacialandEthnicApproachestoCommunityHealth;MeasuringCustomerSatisfactionwiththeMedicareTelephoneSystem;MedicarePolicyAnalyses;TheNationalSocialLife,Health,&AgingProject;TheResidentialEnergyConsumptionSurvey(RECS);SecondLongitudinalStudyofAging;UnderstandingtheHealthCareExperiencesofMinorityPopulationswithMultipleSclerosis;andAPopulation-BasedStudyoftheImportanceofRelationshipsinHealthyAging.
Goto
.Watchtheirvideoandexplaintotheclasswhatthefirmoffers.
Tableaumakessoftwarethathelpspeopletounderstandtheirdataandgivesthemtheopportunitiestoadvance.Theirproductsaretransformingthewaypeopleusedatatosolveproblems.Thissoftwaremakesanalyzingdatafastandeasywhetherfordiseaseresearc
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