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Marketing Analysis : Marketing Research

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In an innovative economic society, were millions of products and services are created each year; marketing research is an essential element that provides a comprehensible representation of a need, and potential product concept solutions. Companies are always looking for new ways to generate a constant flow of revenue that will provide a competitive edge in a growing economic environment. Therefore, it is the marketing manager responsibility to assign marketing studies that targets a specific problem and produce opportunities for growth. Good marketers need insights to help them interpret past performance as well as plan future activities (Kotler & Keller, p. 97). Marketing research is crucial to the success of a company. In order to …show more content…

If the problem is defined too broadly, then it may be too difficult to answer; therefore, a lot of time could be wasted on the excessive information gathered without the problem being resolved. Marketing managers make the decision alternatives, and the marketer research the objectives. If the problem is defined too narrowly, then it may not identify the referents of the problem. Therefore, marketing managers and marketers must effectively work together to create a comprehensive definition of the problem, in order to research an effective solution. Once the problem is clearly defined, then both management and marketing researchers are ready to set specific research objectives (Kotler & Keller, p. 101).
Step 1: Unethical Dilemmas In defining the problem, conflicts and disagreements between the marketing manager and the marketing researchers may cause ethical problems to exist. Each individual in a marketing transaction has a set of expectations on how the business will exist and how each transaction should be conducted. Therefore, each individual must respect one another’s value, belief, assumption and expectations in relation to marketing. The bible teaches us that we should treat others, how we want to be treated. “And as you wish that others would do to you, do also

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