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3.3 Marketing research

Marketing research tends to generate a lot of attention because it focuses on solving problems and is a complex process. When you add to this the systematic nature of marketing research, you find that it is sometimes even presented as being the entire MIS rather than a subsystem.

To help you remember that marketing research is only part of the MIS, the following table summarises the differences between them.

Table 3.1 Contrasting characteristics of a marketing information system and marketing research

Marketing information system

Marketing research

1. Handles both internal and external data

1. Emphasises the handling of external information.

2. Is concerned with preventing as well as solving problems.

2. Is concerned with solving problems.

3. Operates continuously ¾ is a system.

3. Operates in a fragmented, intermittent fashion ¾ on a project-to-project basis.

4. Tends to be future-oriented.

4. Tends to focus on past information.

5. Is a computer-based process.

5. Need not be computer-based.

6. Includes other subsystems besides marketing research.

 

6. Is one source of information input for a marketing information system.

Source: Adapted from Stanton et al. (1994, p. 69)

Many organisations, particularly smaller ones, are disinclined to undertake marketing research. The cost and time involved in the exercise is only part of the reason for this. If you think about it, the only alternative to marketing research is intuition. The following table spells out the difference between the two for you.

Table 3.2 Distinctions between research and intuition in marketing decision-making

 

Research

Intuition

Nature

Formal planning, predicting based on scientific approach

Preference based on personal feelings

Methods

Logic, systematic methods, statistical inference

Experience and demonstration

Contributions

General hypotheses for making predictions, classifying relevant variables, carrying out systematic description and classification

 

Minor problems solves quickly through consideration of experience, practical consequences

Source: Pride and Ferrell (1993)

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