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KOÇ UNIVERSITY College of Administrative Sciences and Economics MKTG 301 - MARKETING RESEARCH Fall 2010 _____________________________________________________________________ INSTRUCTOR: CLASS TIME & PLACE: OFFICE: OFFICE HOURS: E-MAIL: Stefan Wuyts Monday & Wednesday 14.00-15.15 Wednesday 15.30-16.30 [email protected] REQUIRED COURSE MATERIALS Naresh K. Malhotra (2009). Basic Marketing Research: A Decision-Making Approach, PEARSON Prentice Hall NATURE AND PURPOSE OF THE COURSE The broad objective of the course is to provide a fundamental understanding of the various research methods utilized in marketing applications by better managed firms. The course assumes the perspective of the manager who is the ultimate user of marketing research and who is responsible for determining the direction and scope of marketing research initiative. The course focuses on the marketing research process, the choice between different research designs and the use of specific research designs, sampling, data preparation and basic data analysis. As such, the course points to the importance of systematic information gathering and analysis for making more effective and efficient marketing decisions. By the end of the course, students should be able to competently select, design, and evaluate marketing research projects and appraise their usefulness to management. Students will have first hand experience with all the phases of a marketing research project. CONTENT AND ORGANIZATION Marketing research can be appropriately described as an organized way of cultivating information for marketing decision making. The quality of the information, for example its validity and reliability, depends on the care exercised in the execution of the various stages of the marketing research process. The course is broadly structured to follow the stages of the marketing research process in temporal sequence, starting with problem definition, and continuing with research design, data collection, sampling, and data analysis. TEACHING METHOD The course will be taught via a blend of interactive lectures and application. While the course follows the sequence of the consecutive book chapters, there will be room for probing, extending, and applying the text material. The course will also involve team work and much weight is allocated to the proper application of the materials in a practice assignment. These skills are important not only to those planning to be directly involved in marketing research activities but also to “consumers” of marketing research. REQUIRED BACKGROUND The prerequisites for this course are: 1) Marketing Management course (MKTG. 201); 2) a Statistics course (MATH 201). 1 COURSE COMPONENTS and GRADING Group Project - 30 points. The objective of the research project is to provide students with experience in applying the marketing research concepts and methods to a marketing research problem. The project will be performed in self-selected groups of 3 students. Each group will submit a proposal for a marketing research project to the instructor. Details regarding the format, contents, and deadline for the proposal will be communicated in class. Upon approval of the proposal, each group will prepare a comprehensive marketing research plan, carry out a field study that involves primary data collection, and submit a written report. The written report should be no more than 20 double-spaced, typewritten pages (excluding tables, exhibits, and references). Each group will present an intermediary draft of the marketing research project in-class (30 minutes max.) on the assigned day as per the schedule. Two copies of the final written report are due at the beginning of class on 22-12-2010. Mid-term Exam I – 20 points; Mid-term Exam II – 40 points. Two closed-book, in-class mid-term exams (first midterm exam 200 points; second midterm exam 400 points) will be taken individually during the prescribed times noted on the syllabus. The examination format will draw from some or all of the following types of questions: a) short answer and/or multiple choice questions designed to assess students’ knowledge of material developed in the course; b) analysis of mini-cases each of which describes a situation; and c) analysis of contemporary real-world marketing problems/issues extracted from business press reports. Assignments - 10 points. Assignments are used at various points in the course to illustrate the application of various marketing research concepts and methods to real-world problems. Each student is required to complete the assignments, submit a short typewritten report of his/her analysis, and be ready to actively participate by sharing his/her findings during in-class discussion of the assignment. PERFORMANCE EVALUATION The final grade for this course will be a function of student’s performance in three distinct components of the course1. The explicit weights of each component are: Group Project: Exams: Assignments: 30 points 60 points (20 and 40 points, respectively) 10 points 100 points A curve will not be used in determining the letter grade for the course. A letter grade for the course will be assigned based on the arithmetic sum of all points earned where A= 1000-950 pts; -A= 949900 pts; +B=899-870 pts; B=869-840 pts; -B=839-800 pts. +C=799-770 pts; C=769-740 pts; -C=739700 pts; +D=699-650 pts; D=649-600 pts; and F=599 or below. 1 In addition: Research Participation: In order to conduct academic research, it is very important for marketing academics to have people voluntarily complete surveys and studies. This experience will also help you gain a better understanding of what marketing research is about. During the semester, you will be made aware of the opportunities to earn up to 3% of your total grade for research participation. These will require you to attend and complete marketing research surveys. Details of the studies will be provided to you later in the semester. Participation is voluntary, eventual points earned through research participation are added to your regular grade. 2 COURSE OUTLINE (All classes at 14.00-15.15) Date 27-09-2010 29-09-2010 04-10-2010 06-10-2010 11-10-2010 13-10-2010 18-10-2010 20-10-2010 25-10-2010 Topics Corresponding chapter(s) 1. Introduction to marketing research - Marketing concept, importance of marketing research - The marketing research process, steps until reporting - The marketing research industry Ch1 2. Defining the problem and determining research objectives - Problem definition - Hypotheses, relations, constructs - Examples (UA) - Design: exploratory, descriptive, causal Ch2 / Ch3 3. Secondary data - Primary versus secondary data - Internal versus external secondary data - Sources of secondary data Ch4 / Ch5 4. Qualitative research - Quantitative versus qualitative - Observation, focus groups, and other qualitative measures - Types and examples of qualitative research Ch6 5. Survey-data collection methods - Survey methods - Other methods of descriptive research - Pros and cons Ch7 6. Causal research design: experimentation - Causality and validity - Experimental designs Ch8 27-10-2010 01-11-2010 Review, Q&A 03-11-2010 Midterm Exam I 08-11-2010 10-11-2010 7. Measurement and questionnaire design - Response format and scale characteristics - Comparative and non-comparative scaling techniques - Survey development, structure, wording, methods (CAD) 15-11-2010 No Class 3 Ch9 / Ch10 / Ch11 17-11-2010 No Class 22-11-2010 8. Sampling - Concept and methods - Sampling techniques - Determining sample size - Confidence interval, accuracy, central limits theorem Ch12 / Ch13 9. Fieldwork and data preparation - Nonresponse error and other errors in field work - Questionnaire screening - Data preparation: coding, cleaning, and strategy Ch14 / Ch15 24-11-2010 29-11-2010 01-12-2010 06-12-2010 08-12-2010 13-12-2010 15-12-2010 10. Presentations of marketing research projects - Each group presents an intermediary version of their marketing research project - Time slots of 20 minutes will be assigned 11. Basic data analysis: descriptive statistics - Mode, median, mean, variance - Frequency distribution - Parameter estimation, standard error - Cross-tabulation Ch15 / Ch16 Ch17 20-12-2010 12. Testing for differences between two groups or among more than two groups - T-distribution and t-test - Variance decomposition - Tukey- and Duncan-tests Ch18 22-12-2010 13. Determining and interpreting associations among variables - Correlation and covariance - Regression analysis - Significance and explanatory power 27-12-2010 No class 29-12-2010 Exercises on topics 12, 13, and 14. 03-01-2011 Review, Q&A 05-01-2011 Midterm Exam II 4 COURSE POLICIES and GROUND RULES Each member of the group will get the same grade on the group project. Hence, it is important to divide and complete work equitably. In order to discourage “free riders”, if one or more members of a group are dissatisfied with the contributions of a particular member, they may petition for a reduction in the grade awarded to that member. Before they do so, however, group members are required to apprise the delinquent member of his or her poor contribution, and give the member the opportunity to “shape up.” Approach the instructor only as a last resort. Lack of complaints will be assumed to mean equal contribution by all group members. No make-up exams will be scheduled. All written assignments must be typewritten, double-spaced, leave one inch margins on all four sides, and use a font size no smaller than 12 characters per inch (no compressed print!!!). All written assignments are due at the beginning of class on the day they are due. Late work will not be accepted. University rules and policies on academic honesty, as detailed below, will be strictly enforced. Individual accountability for all individual work, written or oral. Copying from others or providing answers or information, written or oral, to others is cheating. Providing proper acknowledgement of original author. Copying from another student’s paper or from another text without written acknowledgement is plagiarism. Study or project group activity is effective and authorized teamwork. Unauthorized help from another person or having someone else write one’s paper or assignment is collusion. Cheating, plagiarism, and collusion are serious offences resulting in an automatic F grade and disciplinary action. 5