Sunday, February 24, 2013

Research Methods

How do you decide on the research method? The following mental model helps you decide.

There are four different scenarios to decide which sort of research is the best.

  1. Surveys
    1. Great for when the researcher and the participant knows the answer and question.
    2. Is very versatile in that it can capture quantitative, behavioral, attitudinal,and opinions
    3. Low entry cost
    4. Also can be used for most marketing problems (segmentation and positioning)
    5. Inappropriate when answer from respondent is not useful
  2. Exploratory Research (Focus Groups and In-depth interviews)
    1. Used when customer knows the answer but interviewer doesn't know the question
    2. Self explanatory, is versatile, low entry cost
    3. Can be used for many marketing problems
    4. Can be costly and not receive information they want
  3. Observational Research
    1. Bringing cameras into stores
    2. Keeping a tracking sheet to know what's going on
  4. Experimentation
    1. Respondent doesn't know the answer
    2. Needs a control group! 
    3. Can be costly

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