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Step 1: Research
Problem Definition
Defining
the research problem can be one of the most critical
and difficult steps in market research. Accurately
defining the research problem is important because
it:
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Identifies
the scope of issues to be explored
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Determines
the nature of the sample
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Structures
the questions to be asked of respondents during
data collection
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Determines
the types of analyses required to answer the research
questions
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Ultimately,
defining the research problem dictates how useful the
study will be for you and your company, and how relevant
recommendations will be for application in a real world
situation.
To ensure the success of every project, we begin by
working with our clients to identify key issues and
overall goals of the study. This step generally involves
a 1-2 hour brainstorming session to gather detailed
information on critical issues and questions. We then
develop a draft of a survey instrument to be further
refined with additional client input. This information
also guides the type of analysis that will be required—important
so that questions are phrased and data collected in
appropriate and effective formats.
Types of Issues
Here are a few examples of questions we frequently encounter
through research. Since each research problem has a
unique twist depending on the situation, we customize
projects to directly address the relevant key issues.
Branding and Awareness
What do people really think of our brand, product,
or company?
What are their perceptions of the competition?
New
Product Development
We are designing a new product, but are unsure
which components to include.
Which product characteristics are most preferred by
our potential customers?
At what price should our new product be introduced
to the market?
How much of a market impact can we expect with the
introduction of our new product?
Customer Service
We have noticed a slip in business that may relate
to customer service issues. Can we pinpoint the problem?
What do people really think of our customer service?
What are its strengths and what are its weaknesses?
Attracting New Customers
How can we increase our share of the market?
What do potential customers really want?
How effective are our current methods of marketing
our product?
How can we improve advertising and communications
approaches?
Who is our most effective target? What are their identifying
characteristics, and how can we best market to them?
Employee Issues
We are having trouble retaining employees. Are
there elements of company culture that can be developed
to help attract and retain good people?
Our company is about to undergo a major transition.
How can we ensure that employees' transitions will
be smooth and how should we communicate to them what
is going on?
Step
2: Sampling
Strategies
After
you have defined your research problem and developed
the ideas to be tested in a survey, you must decide
on the nature and size of your sample.
Sampling strategy is crucial to successful research
because results gathered from the sample are indicative
of trends in the total population.
At Vernon Research Group, we will develop a sampling
plan for you that is both effective and cost efficient.
We strive to ensure results that are valid and reliable,
and to reduce selection bias or sampling error.
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First,
we work with you to define the target of research–the
population for the study. This definition most
likely includes geographical or regional boundaries,
as well as gender, age, income, or psychographic
characteristics. This process ensures that the
sampled population is the target population.
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Second,
with your objectives in mind, we recommend a sampling
approach aimed at producing reliable and valid
data, with results that can be confidently extended
to the population of interest. We will help define
the specific sampling strategy, for example a
simple random sample, a systematic random sample,
a stratified random sample, a cluster sample,
or another type of approach.
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Third,
we will work with you to determine an appropriate
size of the sample by estimating sampling errors
against cost factors. We then recommend a sample
size to keep sampling error within acceptable
limits.
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Fourth,
we will assist with locating a list of contacts.
We are familiar with the full range of sources
of contact lists.
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Step
3: Survey
Instrument Development
Our
next step is to design a survey instrument to collect
the information you need, as framed by your particular
research problem. Our surveys generally include a
variety of question types. Each question is formulated
to provide responses appropriate to the intended type
of analysis.
In developing our surveys, we take particular care
to minimize bias that can result from improper wording
of questions (measurement bias). We use language that
is simple and precise. We also field-test each and
every survey prior to implementation to ensure that
questions are clear and understandable and that the
flow of the survey goes smoothly.
Some types of questions we often include are:
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Scalars/ratings
to measure levels of importance, satisfaction,
or interest
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Open-ended
questions to gain top-of-mind insights
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Multiple
choice type questions with prompted responses
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Numeric
questions designed to gain continuous numeric
data
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Forced
ranking where items are placed in sequence of
order or preference
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Demographics
to retrieve information about the composition
of the sample
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Psychographics
to retrieve information about respondents' values
and motivations
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Step
4: Fielding
For
each research problem, we will recommend the most
effective fielding format. No matter which type is
used, we take measures to ensure that data integrity
is high on every project.
Vernon Research Group offers the following data collection
methods:
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Focus
groups: Recommended mainly for qualitative data
to help flesh out the issues
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Telephone
interviewing: Recommended for most quantitative
research projects to reduce sampling bias and
ensure collection of high quality data
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Internet/Web
surveys: Recommended for target markets with high
Internet accessibility and use levels. Very effective
for projects where visual props are necessary
such as testing web sites or with a conjoint analysis
approach that tests product preferences
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Intercepts:
Recommended for projects with extremely specific
target samples linked to geographic sites such
as malls, restaurants or movies
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Mail
out surveys: Recommended only for target samples
with extremely high propensities to return surveys,
for example, older respondents who are loyal members
of a specific organization.
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Step
5: Analysis
Our
analysis team draws from a variety of backgrounds
including psychology, marketing, business and anthropology.
This diversity enables us to view research issues
from different angles which leads to collection of
richer data and more creative analysis.
At Vernon Research Group, we pride ourselves on selecting
precisely the right analytical tools to fully address
the research questions at issue. While analysis procedures
are unique to each study, there are some commonalities.
Generally speaking, results are examined question-by-question.
Then statistical tests are run to reveal significant
relationships between variables or other data patterns.
We frequently incorporate graphs to provide powerful
visualizations of these key findings. We also take
time to synthesize results and summarize top conclusions.
A full suite of statistical techniques are employed
by Vernon Research Group including:
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Chi-square
and related tests of association for nominal data
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Difference
of means tests for integer data
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Non-parametrics
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Exploratory
Data Analysis
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Analysis
of Variance and Covariance
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Multivariate
Analysis
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Analysis
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analysis
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analysis
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analysis
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analysis
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Step
6: Application
Application,
rather than analysis, is the final step at Vernon
Research Group. We take the research process one crucial
step further by synthesizing study findings into a
set of actionable recommendations. Drawing upon our
broad expertise in business and marketing, we develop
intelligent, creative suggestions for action, and
help you formulate realistic implementation plans.
Our clients tell us that this application step is
invaluable, and that it sets Vernon Research Group
apart from other market research firms. So it bears
re-stating: We believe that the value of research
is directly proportional to the degree to which findings
are actionable.
At Vernon Research Group, we partner with you to turn
Data into Decisions.
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