International Marketing Research
Main topics of study:
Export Markets:
- The Nature of Export Markets
- How Many Markets to Choose?
What Influences Market Selection?:
- Market Potential
- The Degree of Adaptation Required
- Accessibility of Markets
- Dangers of Fragmentation of Effects
Making the Selection Decision:
- Collecting Information & Seeking Advice
- Visiting Markets
- A Strategy for International Marketing
Why is Market Research Needed?:
- Market & Investment Planning
- Development of Products to Fit Different Markets
- Choosing the Appropriate Marketing Mix
- Forecasting
Sources of Information:
- Internal Records
- External Desk Research
- Field research
Methods of Collecting Information:
- Desk Research
- Interviews
- Observations
- Test Marketing
- Questions & Questionnaires
- Sampling Techniques
The Market Research Brief:
- Using In-House Staff
- Using a Market Research Agency
- Preparing the Brief
Questions & Questionnaires:
- The Objectives of the Survey
- The Target Respondent
- Types of Questions
- Forms of Questions
- Pre-Coding Questions
- Editing of Answers
The Export Marketing Plan:
- Setting the Objectives
- Resources Required to Meet Objectives
- Sales & Profit Targets to Meet Objectives
Monitoring & Control of the Plan:
- Periodic Checks on Performance
- Against Targets
Numerical & Statistical Analysis:
- Presentation of Data by Graph, Chart & Diagram
- Analysis of National World Markets
- Calculating Market Share
- Comparative Performance
Budgets:
- Sales Budgets
- Market Research Budget
- Other Types of Budgets
Some Other Numerical & Statistical Aspects:
- Use of Averages
Reading List
Main Text:
Principles of International Marketing Research - L W J Groves (Blackwell Publishers)
