Preview

Jewellery

Powerful Essays
Open Document
Open Document
12906 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Jewellery
INDEX

SR.NO. CONTENTS
1 Introduction
2 Market Research
3 Market Research For Business Planning & Growth
4 Tanishq – An Introduction
5 Locating Tanishq
6 Product Line & The Collections
7 Tanishq For You
8 Tanishq Retailing
9 Marketing
10 Tanishq Marketing Strategy
11 The Jewellery Market
12 Some of Tanishqs Competitors
13 Tanishq – Market Research
14 Tanishq – The Turnaround Story
15 Promotion, Advertising & Public Relation
16 Tanishq In The News
17 Globalization

INTRODUCTION

As we see it, research in advertising and marketing is very crucial in understanding, speculating on, and ultimately determining the position of the product in the consumer's mind.

It is like a homework task that a good advertising/marketing/sales person would always carry out before (and after) implementing the said product's advertising/marketing strategy.

By collecting data with the help of research methods, the researcher can manage to understand the consumer, what he wants, when he wants it, and how he wants it.

Research methodologies, more or less, aim to reveal consumers’ different perceptions of the product, in large part about the way it is advertised.

The researcher wants to know how effective the advertisement is on his listeners, where the strategy falls short, and where it can improve.

Ultimately, it can be said that the most important task of advertising/marketing research is to increase the sales of the product. This requires a well developed marketing plan, a good know-how of the prospective consumer, and most of all an effective and rational research methodology.

MARKET RESEARCH

Market research is the process of systematically gathering, recording and analyzing data and information about customers, competitors and the market. Its uses include to help create a business plan, launch a new product or service, fine tune existing products and services, and expand into new markets. Market research can be used to determine which portion

You May Also Find These Documents Helpful

  • 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

    Marketing research is what informs business’s make decisions by helping it to understand the changing dynamics of its market. This involves finding out more about customers, competitors and the overall marketing environment.…

    • 1723 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    P3 Unit 3

    • 875 Words
    • 4 Pages

    Market research: Is a big part of marketing, market research is when the company asks their customers or new customers to find out more about in the market in which they currently operate in or a market they wish to operate in. Companies may do this so they can reduce risk when bringing out new products.…

    • 875 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Mark 373 Study Guide

    • 2453 Words
    • 10 Pages

    Advertising research- the systematic gathering and analysis of information specifically to facilitate the development or evaluation of advertising strategies, ads and commercials, and media campaigns. Before developing any advertising campaign, a company needs to know how people perceive its products, how they view the competition, what brand or company image would be most credible, and what ads offer the greatest appeal. To get this information, companies use advertising research. While marketing research provides the information necessary to make marketing decisions, advertising research uncovers the information needed for making advertising decisions.…

    • 2453 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    * Marketing research is the systematic collection, recording and analysing of data that deal with the marketing of goods and services to determine the needs and wants of the customer and keeping up with the changes in customer behaviour.…

    • 588 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Market research is important because it will help you succeed in opening a business. It will guide and help you in marketing strategies and business decisions. It will show all customers’ needs and often help you discover new ideas for products or services.…

    • 1046 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
  • Better Essays

    Researching the product is a way to find out what catches customers' attention by looking at their actions and coming to conclusions from what is observed. Market research is a helpful means that can save the company time, effort, and money.…

    • 735 Words
    • 3 Pages
    Better Essays
  • Better Essays

    Task1

    • 2724 Words
    • 11 Pages

    The data that is collected through customer research can provide ideas for marketing and advertising for a big business. With many products or services to market, a large company may have difficulty targeting different customers for each item. However, customer research will provide information about what the customer likes about the product, what they are looking for in future products, and what purpose they would like the product to serve. All of this information…

    • 2724 Words
    • 11 Pages
    Better Essays
  • Satisfactory Essays

    study guide

    • 452 Words
    • 2 Pages

    The purpose of market research is to gather data on customers and potential customers. The collected data aids business decision making. This therefore reduces the risks involved in making these decisions. Marketing research can help a business Gain a more detailed understanding of consumers' needs - marketing research can help firms to discover consumers' opinions on a huge range of issues, e.g., views on products' prices, packaging, recent advertising campaigns…

    • 452 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Vicks Scorpio

    • 1023 Words
    • 5 Pages

    While the case presents much more market research information than other cases, the research is not the primary focus of the series. The series affords an opportunity to see the entire marketing process unfold – from the assessment of market opportunity to the development of a marketing plan. Our first goal is to see how market research supports this process at various stages. A secondary goal is to gain an understanding of the relative advantages and disadvantages of various research procedures.…

    • 1023 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    The purpose of any market research project is to achieve an increased understanding of the subject matter. With markets throughout the world becoming…

    • 3039 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Our research helps marketers answer three essential questions: how consumers spend their time, how consumers spend their money, and what marketers are doing to reach them. Empowered with this intelligence, our customers confidently make decisions about strategies, tactics and budgets.…

    • 652 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Advertisements, whether it be on television or at the bus stop are the contributing factor to us buying products. Advertisements intrigue us by its vivid images, use of stereotypes (in some cases), catchy catchphrases etc. In order for an ad to be successful, it…

    • 984 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    To study and compare the educational impact of television advertising perceived by media students and non-media students.…

    • 1173 Words
    • 5 Pages
    Powerful Essays