Section 2
The Market Research Process
Book
Version 3
By Boundless
By Boundless
Boundless Marketing
Marketing
by Boundless
5 concepts
Defining Objectives and Formulating Problems
Defining the problem and research objectives is the first step involved in the marketing research process.
Plan the Research Design
The research design is a framework or blueprint for conducting the marketing research project.
Collecting Data
Data collection is a crucial step in the research process because it enables the generation of insights that will influence the marketing strategy.
Analyzing Data
Data Analysis is an important step in the Marketing Research process where data is organized, reviewed, verified, and interpreted.
Developing Insights and an Action Plan
A successful presentation provides conclusions (based on the insights gathered) that effectively meet the objectives of the research.