Preview

Marketing Intelligence

Good Essays
Open Document
Open Document
1215 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Intelligence
TASK 2 (LOC2/AC1)

We have conducted a short interview with the manager of a KFC outlet in Kajang and recorded the interview in a form of CD. The CD would be submitted along with the assignment copies. Moving on, there are many types of market research techniques that can be used to collect information on level of satisfaction towards KFC's "Jom Jimat Menu". However, here we only state the two major types of market research techniques that are asked for, as well as two advantages, and disadvantages for each technique.

The first type is personal interview. Personal interview is when individuals collect information by face-to-face contact in an interview. It is a two-way conversation between the interviewer and the respondent (interviewee).
One of the advantages is that there is an opportunity for feedback. Why? Because the interviewer is able to reassure that the conversation including the respondent's answers would be strictly private and confidential. Also, because the interviewer could clarify any doubts or difficulties that the respondents could have with the questions asked or instructions given. The second advantage is that the interviewer is able to probe for complex answers. What is ‘probing' you ask? The term ‘probing' or ‘probe' is the verbal prompts that are made by interviewers when the respondent is encouraged or motivated to communicate his/her answer more completely, or fully. This is used to get respondents to enlarge on, clarify, or explain their answers in more detail or in a better way that the interviewers can understand. For example; when we interviewed Mr. Khairuddin, the manager of KFC at Kajang, we asked him their target market for the Jom Jimat Menu was. He answered that their target market was teenagers. So we ‘probed' him by asking "Why were their target market for teenagers?" However, if there are advantages, there are surely disadvantages.
One of the disadvantages is interviewer influence. The difference of interviewers may be

You May Also Find These Documents Helpful

  • Powerful Essays

    Cafs I.R.P Study Notes

    • 1336 Words
    • 6 Pages

    -interview - talk to people (phone/person) usually one on one but can have a focus group of 3 -8. Answers are recorded.…

    • 1336 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Marketing Management

    • 1083 Words
    • 5 Pages

    3. Eddy's Ice Cream developed a line of whole fruit sorbets targeted at people who are loyal Eddy's consumers, but dislike all the fat and calories in ice cream. What organizational growth strategy was used here?…

    • 1083 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    Marketing Analysis

    • 1758 Words
    • 8 Pages

    It takes hard work to create image of the company or brand or products in a given market as noticed by a target market. Whether marketing a piece of merchandise, a service, a company or even a person, positioning is crucial to the success of any product. Positioning of that product is about how you get into the mind of the prospective customer. You must first get into a prospect’s mind and then occupy that space. When positioning a product, you want the prospect to recognize that your product is created especially for them. This paper will identify different types of analysis used by marketers to find out product positioning, competitive positioning, customer perceptions and distribution-channel analysis. It will compare the strengths and weaknesses of each method and asses the different types of marketing analysis required to develop a marketing strategy.…

    • 1758 Words
    • 8 Pages
    Better Essays
  • Good Essays

    An interview would be more structured activity; wherein interviewer can prepare a series of questions and prepare himself; whereas interviewee would not have any idea about the questions and therefore they would be unprepared and this effect the interview in various ways.…

    • 715 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Marketing Management

    • 2448 Words
    • 10 Pages

    Masters Home Improvement is one of Australian home improvement and hardware store which only have two years’ experience. The beginning of Masters Home Improvement was established under the program of joint venture between Australian retailer, Woolworths Limited and American home improvement and appliance stores, Lowe’s. The very first store opened on 1 September 2011 in Braybrook, Melbourne. Now there are 33 stores in Australia. In 2012, the transactional website was launched that made Masters Home Improvement win the title of Australia's first online hardware and home improvement retailer. Masters Home Improvement strives to provide marvellous shopping experience that consumer have never experienced before via marketing strategies. This essay will outline the marketing environment analysis of Masters Home Improvement in terms of macro and micro factors. Then, it will discuss the marketing approach. In the end, some recommends will be given to Masters Home Improvement.…

    • 2448 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Marketing Management

    • 662 Words
    • 3 Pages

    Kotler, P., & Keller, K. L. (2012). Marketing management (14th ed.). Upper Saddle River, N.J:…

    • 662 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The advantages of a questionnaire are: It can be tailored to the researchers queries as he would write it. It can also be useful for getting lots of peoples data as it can be short and so it only needs to be filled out by 1 person each. They are cheap in comparison to interviews. They are easy to do because if they are closed questions then they are ticking boxes. It also provides statistical data if there is a large number of participants. Its easy to process if it is closed questions as the answered can be assigned numbers and used in computers. Data can be found that a person might not want to say in an interview. There is usually a high response rate as it is usually Quick to complete. There is High reliability in questionnaires because they are easy to make etc. there is no interviewer bias and lastly there is no need to use an interviewer.…

    • 913 Words
    • 4 Pages
    Good Essays
  • Good Essays

    One example of a negative outcome from using unstructured interview questions is the interviewer losing track of time. Time is valuable, and I have personally seen on various occasions where one interview has taken so long that the interviewer then had to rush through the next several interviews because they spent too much time with one person. Subsequently, because the interviewer rushed through the interviews they may have shorten the interview process of the more qualified candidate and ended hiring the lesser…

    • 511 Words
    • 3 Pages
    Good Essays
  • Good Essays

    A) A structured interview involves one person asking another person a list of questions about a carefully-selected topic. Also the person interviewing can explain things to participants if they don’t understand the question. Moreover structured interviews are like questionnaires the interviewer is given strict instructions on how to carry out the interview and the interview is carried out in the same standardised way each time with the same questions same order and same tone of voice. Questionnaires and interviews both involve asking people a set of prepared questions.in both cases they are mainly close ended questions with pre coded answers.…

    • 601 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Marketing Automation

    • 1049 Words
    • 5 Pages

    Marketing Automation: Utilization of Marketing Tools and Software in a Constantly Changing Marketing World to Avoid Competitive Disadvantage.…

    • 1049 Words
    • 5 Pages
    Good Essays
  • Better Essays

    Business Intelligence

    • 2851 Words
    • 12 Pages

    The report focuses on data mining approach to predict human wine taste preferences. A large data set is considered with white and red wine samples (“Vinho Verde” wine from Portugal). The inputs include objective tests (e.g. PH values) and the output is based on sensory data (median of at least 3 evaluations made by wine experts). Each expert graded the wine quality between 0 (very bad) and 10 (very excellent). Due to privacy and logistic issues, only physicochemical (inputs) and sensory (the output) variables are available (e.g. there is no data about grape types, wine brand, wine selling price, etc.).…

    • 2851 Words
    • 12 Pages
    Better Essays
  • Powerful Essays

    Business Intelligence

    • 1635 Words
    • 7 Pages

    Data mining and OLAP are the most common Business Intelligence technologies. The term Business Intelligence refers to computer based methods to identify and extract useful information from business data. Online Analytical Processing commonly known as OLAP provides summary data and generates rich calculations. OLAP is a class of systems that provide answers to multidimensional queries. OLAP is typically used in business reporting for sales, marketing and various such domains. OLAP enables the users to view the data interactively from multiple perspectives.…

    • 1635 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    MARKETING INTELLIGENCE LO2

    • 2963 Words
    • 10 Pages

    Without adequate amount of perfect nutrition a person cannot live a healthy live or might not live for long. The person will face illness and eventually the person will leave his/her breathe for eternity. Even if the person stays alive, the person will not be able to live a healthy life as mentioned earlier as well as the person will never be able to see the face of success in any sector of his/her life. The more amount of nutrition the person will take, the more the person will be physically fit and will have a longer life span. These lines might sounds irrelevant here on this report of business strategy, but it is just an epitome and these are relevant too from my point of view. If we think the company as a person and the marketing processes strategies and plans, as the nutrition of the food it seems relevant.…

    • 2963 Words
    • 10 Pages
    Better Essays
  • Satisfactory Essays

    Marketing intelligence

    • 481 Words
    • 2 Pages

    The Honda Accord is a series of automobiles manufactured by Honda since 1976. The Accord has achieved considerable success in the whole world where it was the best-selling Japanese car for fifteen years. In this survey we want to take the consumers opinion about the new Honda Accord 2014 which will help us to improve the car in the future.…

    • 481 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Intelligence

    • 45137 Words
    • 181 Pages

    The Influence Factors of Dynamic Capabilities: The Case of Innovation Speed at Korean Electronics Companies…

    • 45137 Words
    • 181 Pages
    Powerful Essays