Research Techniques Introduction to the Business Environment - Session 13 OTHM Ltd Cert2 Learning Outcomes At the end of the session students will be able to: Explain the uses of secondary and primary data Explain the benefits of secondary and primary data Explain the limitations of secondary and primary data
OTHM Ltd Cert2 Secondary data is information that has been previously gathered for some purpose other than the current research project Secondary Data OTHM Ltd Cert2 Helps to clarify research requirements Answers some of the research needs Enables more insightful interpretation of primary data Provides comparative data Provides information that cannot be obtained through primary research Uses of Secondary Data OTHM Ltd Cert2 Faster Less expensive to collect Internet can be used, increasing speed further Benefits of Secondary Data OTHM Ltd Cert2 Availability Applicability Accuracy Comparability Limitations of Secondary Data OTHM Ltd Cert2 Flowchart for Evaluating Secondary Data OTHM Ltd Cert2 Sales figures Operational data stock levels, etc Customer satisfaction results Advertising spend Customer complaints records Effectiveness data from promotional campaigns Marketing research reports from past studies Internal Secondary Research Sources OTHM Ltd Cert2 Internet single search engines, and multiple search engines Directories Country information Published marketing research reports News sources Newsgroups and discussion lists External Secondary Research Sources OTHM Ltd Cert2 Off-the-peg research Made-to-measure research Primary Data OTHM Ltd Cert2 Primary research Narrative, not numerical Undertaken to gain understanding of customer behaviour and perceptions Qualitative Research OTHM Ltd Cert2 Unstructured interviews Depth interviews Projective techniques Focus groups Qualitative Methodologies OTHM Ltd Cert2 Research aimed at producing data that can be statistically analysed and whose results can be expressed numerically For example: market share, spend per customer, market size Easier to analyse than qualitative data Quantitative Research OTHM Ltd Cert2 Face to Face Surveys or Interviews Telephone surveys Postal surveys Observation In home scanning In store testing Recording data Retail shop audit Experimental research Continuous research