Explain Limitations of Market Research
Part of planning market research is outlining the flaws and limitations of the research itself. Any weaknesses in the research must be identified so they can be improved on. There are a number of limitations that may affect the results found by market research.
Reliability is vital when trying to find out information about large target populations. To avoid poor reliability, the sample chosen to participate in the research should be representative of the whole target population. The correct target sample must be established so that reliability is not a limitation of the research.
To improve poor reliability due to target sample, a list of the target population could be created and then have
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However, they must be careful in selecting the right sample for certain questions. If the Vodafone market research team would like to know what customers opinions are regarding Vodafone 's 3G Internet service, and they would need to carefully select a representative sample of people who have 3G Internet on their phones. It can be assumed that Vodafone has the ability to generate a list of all users who have Internet usage through their network so choosing a sample from the target population should cause no difficulty. Using a computer, a sample size can be derived from random selection or through systematically selecting proportional numbers of people from different countries in which Vodafone operates.
In order to increase reliability by using a large sample size could mean sacrificing their ability to gain quantitative data. Trying to generate the wrong type of results could mean gaining too much or too little information to gain a real understanding of what people think of the internet services provided to them. Analysing and interpreting data from such a large sample could prove difficult if results were qualitative. Whether being analysed by humans or by computers counting commonly found words, this would be a lengthy process. It could be recommended that Vodafone conducted their research
The population sampled due to its specific nature i.e., college students, and college graduates would need to be contemplated in regards to the testing results as it is offered as a depiction of the general population.
this study is the use of convenience sampling, as previously mentioned. Black et al. (2000) make
The researchers used purposive sample but did not give any explanation as to why this choice sampling was made. It is essential to describe the sampling process in a research where this facilitates the reader to distinguish any bias in the whole sampling process. In studies using participants, the process of how to select, access, inform and retain research participants requires considerable thought. Sampling is a key issue, because it is
Marketing research is very important component of a business used to identify and define the opportunities and problems that they will encounter on the market. The aim
Describe the experimental method, state its advantages and disadvantages, and distinguish between independent and dependent variables.
In order to maintain consistency throughout the study, each of the six subjects will utilise the same source for data collection. Due to the fact that sites vary in precision (number of decimal places), activity format and number of trials, this particular measure will assist in ensuring that the evidence used to address the claim is both accurate and reliable.
Secondary information is data which is derived from primary information and can be found via books, newspapers, internet etc. Secondary information is less reliable than Primary information because you cannot be certain as to how precise it is.
The unit of analysis was the individual mobile phone service subscriber. Data were analyzed in two major stages, that is, through descriptive statistics and specific tests of hypothesis. Cross tabulation was used to analyze demographic variability of the respondents. Descriptive statistics including measures of central tendencies, measures of dispersion, frequencies and percentages were calculated to examine the respondents’ characteristics. These statistics showed the basic characteristics of research variables. The second stage of analysis focused on testing specific hypotheses of this study. To analyze qualitative data, content analysis was used following the suggestion by SPSS BOSS (2015). As noted by
Probability sampling, also known as random sampling, requires that every member of the study population have an equal opportunity to be chosen as a study subject. For each member of the population to have an equal opportunity to be chosen, the sampling method must select members randomly. Probability sampling allows every facet of the study population to be represented without researcher bias. Four common sampling designs have been developed for selection of a random sample: simple random sampling, stratified random sampling, cluster sampling, and systematic sampling (Burns & Grove,
Based upon information provided this study was appropriate conducted as a purposeful sampling but, this study
| Smaller sample sizes, so less generalizable to larger populations.Not possible to create statistics – which can help to shape and plan service effectiveness and deliveryTime consumingDifficult to make comparisons within the sample.Poor re-test reliabilityResults vulnerable to researcher bias and experience.
M1: Explain, with examples, how different market research methods are appropriate to assist different marketing situations. Looking back at the market research methods that could be used to collect information, methods such as questionnaires/ survey, observation, focus groups, experimentation, internet, website monitoring etc. I am going to select 3 primary and 3 secondary methods of research from the ones I have written about. I have chosen 3 primary researches which are: •
An example of population can be a bowl containing 500 balls of which or it can be 8,000,000 patients. The method of random selection remains same for both kinds of populations. However, the sample size can differ. While doing random sample the large population can be contracted into subsets such as categorizing patients by the name of their hospitals, making a list of those hospitals, assigning numbers in sequence to each of them, figuring out the sample size. A random number generator can also be used to decide the sample size, for e.g. 50 out of 500.
3.8 Explain the limitations of marketing research used to contribute to the development of a selected organisation’s marketing plans (M2)
Finally, Vodafone also segment their market by usage rates of their customers. Vodafone offer a variety of calling plans to suit customer's usage rates. They even offer specialist calling plans which are tailored to suit businesses. Through this method of segmentation Vodafone are able to identify their most valuable customers.