Preview

American Idol Case

Good Essays
Open Document
Open Document
619 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
American Idol Case
Case 2.1
American Idol: A Big Hit for Marketing Research?

1. What steps of the six-step marketing research process are evident in this case?
According to Case 2.1. The steps are: a) Problem Definition.- The definition of the problem presented when Marcello & Litzenberger analyze that professionals resistance to pursing marketing research. b) Only
Mentioned
Development of an Approach to the Problem.- This step occurs when they identify the information that they needed to make their objective (demonstrating the usefulness of marketing research) or theoretical framework come true, and make hypotheses. c) Research Design Formulation.- This next step is acquired when the characters decided to “what to do” to obtain the information, they analyze the research design for conducting their marketing research. d) Fieldwork or Data Collection.- This step is seen when Lizenberger and Marcello decide to went to Research Corporation to make the Data Collection, to ask the questions of the analysis. e) Data Preparation and Analysis.- When they had the data, they planed to make an analysis to reflected on the futures courses of action they could take. f) Report Preparation and Presentation.- They could drop the whole idea of demonstrating the usefulness of marketing research. 2. What is the role of marketing research in marketing decision making suggested by this case?
The role of marketing research was to chow to all the professional that is a tool that includes consulting skills, technical proficiency and sound management, to provide information that this professional can use to improve their companies, to identify marketing problems and solution problems that is (suggested in the case 2.1). They have an idea to know the reason that people see the chow American Idol and improve a decision to raise the spectators that’s see this program. 3. Define the management decision problem confronting Melissa Marcello and Julie

You May Also Find These Documents Helpful

  • Powerful Essays

    Mark 373 Study Guide

    • 2453 Words
    • 10 Pages

    -> first step in the marketing research process is to analyze the situation and define the problem. Many large firms have in-house research departments. Often marketing department also maintains a marketing information system (MIS) – a sophisticated set of procedures designed to generate a continuous, orderly flow of information for use in making marketing decisions. Most smaller firms don’t have dedicated research departments, and their methods for obtaining marketing information are frequently inadequate.…

    • 2453 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    P3-Describe how a selected organisation uses marketing research to contribute to the development of its marketing plans…

    • 1723 Words
    • 5 Pages
    Powerful Essays
  • Satisfactory Essays

    Based on your selected scenario, identify the detailed areas in which market research is needed (e.g., population, target market, per capita) and describe their importance to the organization in the selected scenario.…

    • 246 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Bst1 Task 3

    • 1294 Words
    • 6 Pages

    P3 Describe how a selected organisation uses marketing research to contribute to the development of its marketing plans…

    • 1294 Words
    • 6 Pages
    Good Essays
  • Good Essays

    P3 Business Unit 3

    • 759 Words
    • 4 Pages

    P3: Describe how a selected organisation uses marketing research to continue to the development of its marketing plans…

    • 759 Words
    • 4 Pages
    Good Essays
  • Good Essays

    MKT 571 Quizzes week 1 6

    • 2563 Words
    • 7 Pages

    1 One of the most critical steps in the defining process of market research is…

    • 2563 Words
    • 7 Pages
    Good Essays
  • Good Essays

    UNIT 3 P3 M2

    • 1231 Words
    • 5 Pages

    P3: Describe how a selected organisation uses marketing research to contribute to the development of its marketing plan.…

    • 1231 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Marketing research is best defined as, “a way of investigating and answering questions about human behavior,” (Bont, Et. Al, 2007). Essentially, marketing research is a tool that helps businesses stay ahead of the trends and maintain a competitive edge in the constantly changing global market. Companies that make marketing research a central part of their business plan will see the business grow and develop to not just achieve their business goals, but exceed them. Robert Duboff puts it into perspective in a way that anyone can understand in terms of why marketing research is a valuable tool, “Marketing research can be freed to do what it can do well: provide information about the past and present to enable insights that can help decision makers use their judgment,” (The Market Research Magic is Gone, 2011). Marketing research is a key component in any business because it helps the organization identify how they will gather, analyze, and interpret information about a product or service they offer in the market along with the past, present , and future potential customers for that specific product or service offering. It also provides information on the characteristics, spending habits, and location of the businesses target market, the industry, and competition they will face in the particular market. Marketing research will also identify the specific strategies with regard to marketing segmentation and product differentiation that is best suited for the organization in order to achieve their goals and expand their product offerings. Entrepreneur best describes the benefit of marketing research, “It allows business owners to determine the feasibility of a business before committing substantial resources to the venture,” (Market Research, 2014).…

    • 2048 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Go get it

    • 419 Words
    • 2 Pages

    3. Using the limited information available (i.e., the strategic direction you saw in the commercial and the CEO’s dissatisfaction with how it addresses sales growth), define the research problem.…

    • 419 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    a. What market research is and its role in identifying and resolving the current issue?…

    • 1264 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Questions on Marketing

    • 1841 Words
    • 8 Pages

    4. A written statement that describes the marketing problem, the purpose of the study, and the research methodology to be used is known as a __________. (Points: 3)…

    • 1841 Words
    • 8 Pages
    Better Essays
  • Good Essays

    The research process begins with problem formulation. Problem formulation is to review, selection, and specification of the area to be investigated (Hagan, 2010, p. 19). Researchers organize research by formulating and defining a research problem. Before attempting to solve a problem, researchers must first define the problem. The more difficult it is to define the problem, the harder he or she has to try. Once the problem formulation is complete, researchers can stay focused on the research process (Shuttleworth, 2008).…

    • 943 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Bibliography: Alissa Quart (January 7, 2003), Branded: The Buying and Selling of Teenagers, Basic Books…

    • 8906 Words
    • 36 Pages
    Powerful Essays
  • Powerful Essays

    Gb500 Unit 4 Assignment

    • 2096 Words
    • 9 Pages

    Market Research is the action or activity of gathering information about consumers' needs and preferences. Market Researcher is principally responsible for interpreting data, formulating reports and making recommendations based upon the research findings. To accomplish this task, the Market Researcher works with the client (either internal or external) to understand, define and document the overarching business object. The Market Researcher applies qualitative and quantitative techniques to interpret the data and produce substantiated recommendations. Market Researcher frequently present the findings and recommendations to the client (Bont & Hamersveld, 2007).…

    • 2096 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    American Idol Case - Essay

    • 1410 Words
    • 6 Pages

    American Idol: A Big Hit for Marketing Research?1 What Are the Benefits of Taking a Professional Approach to Answer Marketing Research Questions?1 “This could be more of a challenge than we previously thought,” Melissa Marcello told her business associate Julie Litzenberger. After nodding in agreement, Litzenberger put down her cup of coffee at the Vienna, Va. Starbucks coffee-shop near her firm’s headquarters. Both Marcello and Litzenberger were far along their career paths as researchers in the winter of 2006 when they met at Starbucks. Marcello was CEO of research agency Pursuant, Inc. (www.pursuantresearch.com), while Litzenberger led the public relations division at marketing communications agency Sage Communications (www.sagecommunications.com). Both were based in the Washington, DC area. Litzenberger took the last bite of her cinnamon scone before sipping her latte. She nodded again to Marcello across the table for two before answering. “Research studies that are the most successful in moving the needle are the studies where the research firm uses scientific and credible methods, poses the right questions, and provides the client company with the insights needed to sufficiently reduce risk in decision making,” Litzenberger said. “In short, improving decision making is what effective marketing research is about.” Over the years, Marcello and Litzenberger had witnessed how resistance to pursuing marketing research had been voiced within prospective client companies. Sometimes, skeptics of taking a professional approach sounded warnings about “how enough was already known about customers to make decisions”. Other times, skeptics would assail the sampling methods of studies in attempting to dismiss the results. While at other times, skeptics would merely claim that answering such questions about customers would be too expensive to obtain. In sum, professionally done marketing research was presented as being impractical. Marcello and Litzenberger were attempting…

    • 1410 Words
    • 6 Pages
    Powerful Essays

Related Topics