Preview

Secondary Research

Good Essays
Open Document
Open Document
1663 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Secondary Research
Cardiff Metropolitan University

Name:- Asiya Nabi Student ID:- ST20022942

Module Leader:- Eileen Gilhooly Module Code:- MBA7003

Submission date:- 19th Nov, 2012 Cohort:- Feb,2012

Assignment:- Values and Weaknesses of the secondary research and How primary research supplements secondary research

Contents
1.0 Introduction……………..………………………………………………………… 3
1.1Research definition………………………………………………………………….4
1.2 Secondary research …………………………………………………………………4
1.3 Advantages of secondary research………………………………………………… 4
1.4. Disadvantages of secondary research……………………………………………… 4
2.0 How primary research supplements secondary research…………………………… 5
2.1 Conclusion…………………………………………………………………………. .5
2.2 Bibliography…………………………………………………………………………6
2.3 Self assessment form………………………………………………………………...7

1.0 Introduction:-

Market research is “ The function that links the consumer, customer and public to the marketer through information-information used to identify and define marketing opportunities and problems; generate, refine and evaluate marketing performance; and improve the understanding of marketing as a process” definition by American marketing association (cited by Burns and Bush 2003, p no. 7). Market research is conducted either with the help of primary data or secondary data. If secondary research is cost and time effective, primary research is ahead of secondary research by providing up-to date data

1.1. “Research is formalized curiosity. It is poking and prying with a purpose.” (Zora Neale Hurston). Research helps in decision making process and includes designing, gathering, analyzing and reporting. Marketing research can be conducted either through primary data or with the help of secondary data, Burns and Bush (2003).
1.2 Secondary research, sometimes also known as “Desk research” can be defined as collecting, analyzing and summarizing existing research. Stewart and Kamins (1993) in their book have



Bibliography: * Christ, P. (2012), “Knowthis marketing basics” [Available at http://www.knowthis.com/principles-of-marketing-tutorials/data-collection-low-cost-secondary-research/secondary-research-disadvantages/] accessed: 12 Nov,2012 * Hague, P., Hague, N * Prescott, A. (2008), “Advantages and disadvantages of secondary research” [Available at http://prosandconsofsecondaryresearch.blogspot.co.uk/] accessed : 12 Nov, 2012) * Saunders, M., Lewis, P * Stewart, D. and Kamins, M. (1993), “ Secondary research: Information sources and methods ( Second Edition)”, Sage publications, UK GROUP ASSIGNMENT SELF ASSESSMENT REPORT I made a relatively large contribution as I performed a role of leader in dividing work, arranging meetings, disseminating information and finally making a presentation. Name: Asiya Nabi Student No. 20022942 Signed:

You May Also Find These Documents Helpful

  • Better Essays

    Marketing research is a broader aspect of the business that focuses on different thing such as the competitor, the product, the price and also the need for its product and identifies the possible way of how to stamp its market share in its industry (Howard, 2012). It focuses on market research of different types but the core type of marketing research is product research. The focal company in this task is Verizon Wireless that in the telecommunications industry.…

    • 1106 Words
    • 4 Pages
    Better Essays
  • Good Essays

    The process of market research is systematically collecting, recording and analysing information associated with a marketing problem. Following this process gives an insight into the customers mind so that it can be understood what they want.…

    • 1069 Words
    • 5 Pages
    Good 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
  • Powerful Essays

    Mark 373 Study Guide

    • 2453 Words
    • 10 Pages

    Marketing research- the systematic gathering, recording and analysis of information to help managers make marketing decisions.…

    • 2453 Words
    • 10 Pages
    Powerful Essays
  • Good Essays

    Btec Bussiness Unit 10 P1

    • 970 Words
    • 4 Pages

    Market research is the method of gathering and analyzing information about customers, competitors and the market. Market research is used when companies want to focus on things like market trends, customer habits and lifestyle, what price customers will pay for a product and what competition exists. This type of research assists companies build an idea on how competitive the market is also business owners can price their products efficiently with the understanding of the current market research.…

    • 970 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Unit 10

    • 1088 Words
    • 5 Pages

    Market research can be referred to as the process of gathering information about a market, product or services or customers. Market research is a specific area of marketing that informs businesses like Kellogg’s about the things consumers need, how best to design products to answer those needs and how to advertise those products to consumers. Market research helps Kellogg’s to plan ahead, for example looking at what products or extensions it should develop and for whom.…

    • 1088 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Secondary Research: this process involves collecting data from either the originator or a distributor of primary research. In other words, accessing information already gathered, old sales reports, accounting records and many others, falls under the heading of secondary research.…

    • 1252 Words
    • 6 Pages
    Powerful 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
  • Satisfactory Essays

    Research Methodology

    • 395 Words
    • 2 Pages

    For this task I am going to discuss the function of research in my chosen area of interest.…

    • 395 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Secondary research is when you search and find, books, websites, newspapers or radio stations, other peoples primary information, in fact.…

    • 275 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The type of research USA World Bank used was primary research, which is used to achieve a specific purpose or answer questions specific to a project or goal. Both the surveys and the focus groups were conducted on the behalf of USA…

    • 415 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Secondary involves gathering information like statistics, reports, and studies. This is where the majority of one’s research will come from.…

    • 300 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Market Research is a systematic, objective collection and analysis of data about a particular target market, competition, and/or environment. It always incorporates some form of data collection whether it is secondary research (often referred to as desk research) or primary research which is collected direct from a respondent.…

    • 3039 Words
    • 13 Pages
    Powerful Essays
  • Good Essays

    Secondary research is another way of conducting marketing research; however, it differs from primary research as someone else has already put the information together. Some people think of it as “secondhand” information (Oldham Sixth Form College, 2005). Secondary research is also known as desk research. The main reason for secondary research is to examine and identify what other people…

    • 1095 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Urban Crime

    • 1487 Words
    • 6 Pages

    The project will be using secondary research as there might be ethical issues into conducting primary research. Secondary research is where the researcher uses research already available to them, by other researchers. Primary research is where the researcher conducts their own research.…

    • 1487 Words
    • 6 Pages
    Powerful Essays

Related Topics