Wednesday, September 15, 2010

Cluster Analysis

Salient Features
  • Gr. of multivariate techniques
  • Purpose is to group the respondents on the basis of characteristics they posses
  • Homogeneity within the group, hetrogeneity across the groups
  • Use as a tool to help decide on the target group
  • It's not a statistical tool, rather a geometrical tool
  • Based on the concept of Euclidean distance
  • Dendogram helps to categorise the respondents in different clusters
Drawbacks
  • Descriptive, theoritical and non-inferential
  • No statistical basis

Customer Profiling

  • Is done by taking the mean of the responses of the respondents in a cluster

Conjoint Analysis

  • Attribute-based pricing
  • Uses ranking data

Monday, August 2, 2010

Dewdrop case Analysis


Background Of Dewdrop


Agency A analysis



Agency B analysis

Agency C analysis Photo: Mitesh desai
Regards
Dattsen Mishra (066)














Wednesday, July 28, 2010

27th July '10 - Session Recap

Sir had asked us to read through the William Zikmund's Business Research Methods book, especially the 4 types of Scales-
1) Interval Scale
2) Ratio Scale
3) Nominal Scale
4) Ordinal Scale

There was a discussion on the Likert Scale,Semantic Differential Scale and Constant Sum Scale. This scale involves the basic multiple choice questions with options like Strongly Agree, Agree and Disagree.

Then there was the discussion on the Dos and Donts of an Questionnaire. Reliability and validity are the two important aspects considered in case of a questionnaire.

Focus Group Discussions and in-depth interviews was the next topic discussed. Three main aspects of a FGD-
Moderator role is critical, Size of membership 8-12 persons and Documentation of the discussion is essential.
In case of the interviews, the participants should be comfortable and free to express their views.
This is the overall recap of the last session which mainly was on questionnaire designing.

(Submitted by Kalpita R Sharma)

Monday, July 26, 2010

Final Project - Marketing Research

Dear All,
If we all can share what are the topics which respective groups are working on for their final MR project. It will give a good look on what different areas will be covered by Batch M1 in research at the end of this trimester. (please put in group no and topics - in 1 line)

Sunday, July 25, 2010

22 July Recap

The lecture covered in-depth on the art of framing a research proposal, which is generally done by the MR agency. An effective research proposal should focus on two important parameters, the Target Group and The Banner and Panel Formation.
The Structure of a research proposal:
Background : the background is based on the brief and should be framed understanding the business context.
Objectives: objectives should clearly outline the deliverable at the end of the research.
Methodology: this is the most important part of the proposal which interests the client the most, a client is interested in knowing how the agency would proceed with the research.
under methodology we discussed about Central Location Test: which is basically inviting respondents to a common place
other methods of collecting responses, like visiting the respondent at his place , were also discussed.
Then we touched upon Sequential Monadic which is a method of Panel Formation.
Here various permutations and combination is tried so that respondents get different set of questions to answer thereby ensuring that their responses are not influenced by others or are pre-planned .
Banner Formation is a classification on the basis of any pattern that may emerge from the responses collected, say if there if male have a common standard answer and female have another common standard answer, we classify these responses on the basis of gender.
An effective proposal can be prepared if attention is paid to the briefing session given by the client, small little details that the client mentions may be of great help in forming the proposal.
Apart from the research proposal we also discussed about the SEC classification,
SEC in India is broadly divided into two categories, Urban and Rural,the Urban classification is done on the basis of Education of the chief wage earner and his/her occupation, divided into A,B,C,D, and E segments.
A forms the upper class, B & C form the middle class and D, E form the lower class
A similar classification in the rural areas id done on the basis of the kind of house a family has the education of its chief wage earner.
We ended the session with a note to critically analyse the SEC in India.
Aparna Iyer

Friday, July 23, 2010

Marketing rocks!!!!

Hello Friends!!!
It gives immense pleasure to share our ideas & thoughts through this site. Lets start our discussion & avail it to the best. Lets Share our ideas on few topics ie"Multitasking On phone Is a Boon or Bane to our Indian Customers.

Thursday, July 22, 2010

Welcome !!!!!!!!!!!!!!!

Dear All,
It gives me immense pleasure to let you know that we have an exclusive platform for Marketing M1 batch students for marketing research subject.

Do join in for all the updates, insights, feedback, seesion recap, interesting marketing research and lots more...

Please join in and enjoy the new beginning