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Spring semester - BA - IBM - Year 3 Calendar view

Market Research (2022-2023)


Class
Murilo Branco
Enrolment for this class is currently closed.

Market research is considered a practical decision-making tool in the fields of business and marketing. This module aims to equip you with a comprehensive understanding of how market research can help you make business decisions and how you can transform research findings into actionable business and marketing insights.

The module aims to help you start building the ability to evaluate and accurately interpret research. During the module, we will discuss topics including how to translate a management problem into a feasible research question, and how to draw appropriate conclusions from research results. Moreover, upon completion of the module, you will also understand the contributions and limitations of market research. 

The module will be taught through weekly lectures and practical seminars. In the lecture, the main concepts and ideas will be explained by the module leader, and the seminars will provide the space to discuss the compulsory readings and develop a research plan, collect and analyse data and present findings as a class project. It is essential that you fully engage with your self-study along the week sessions apart from your previous reading before every lesson. The module will have its own Blackboard page on which you will access readings, examples, and lecture notes. 

Learning outcomes to be assessed

At the end of the module you will be able to:

LO1. Interpret and translate a business problem into a feasible research question

 

LO2. Differentiate between the different concepts and methods of marketing research

 

LO3. Draw appropriate conclusions from research results using relevant data

 Indicative Contact Hours

Teaching Contact Hours

56 hours

Independent Study Hours

144 hours (for modules with 20 UK credits)

44 hours (for modules with 10 UK credits)

Total Learning Hours

200 hours (for modules with 20 UK credits)

100 hours (for modules with 10 UK credits)

Summative assessment grid

Type of Assessment

Word Count or equivalent

Threshold

(if Professional Body-PSRB applies)

Weighting

Pass Mark

Submission due-date & time

Method of Submission & Date of Feedback 

A1 - Market Research Project

2.000 words

(+/-10%)

n/a

100%

40%

Week 15

(Date and time TBC)

Via NEOlms

&

5 working days after in-class exercises


Assessment 1: Market Research Report 100% of final mark)
Assessment brief including criteria mapped to learning outcomes

The Market research report assignment requires you to create a real market research report related to three different techniques: Exploratory, descriptive and Casual. The market research will be developed during the semester and with the teachers guidance.  All instructions and step-by-step on how to create the market research will be designed in the formative assessments that will take place during the semester. 

Feedback will be provided to you regularly during the semester. This will help you achieve a higher mark. In case of any further questions, please do not hesitate to contact the module leader. 

Marking Criteria for Assessment 1: (LO-01, LO-02, LO-03 will be assessed).

This assessment will be marked according to the following criteria:

Knowledge and Understanding (20%): Students need to identify the market research objectives that need to be addressed through the market research process. Students also need to determine the design of research, data collection techniques, and the suitable source and the types of data to show an appropriate understanding of concepts.

Cognitive Skills (30%): Students are expected to reason their own recommendations and to apply the appropriate tools to analyse and interpret the data.

Practical/Professional Skills (30%): Students need to be able to collect and organise the relevant data for the analysis and present it properly in a report form.

Transferable Skills (20%): Students need to present their work in a clear, concise and consistent manner. Referencing should be correct and appropriate following Harvard referencing style. 

 

For guidance on online submission of assignments, including how to submit and how to access online feedback, please refer to the MIUC lms student guideline.

Remember to log into MIUC NEOlms platform daily to receive all the latest news and support available at your module sites!

For more info check the attached MSG.

 

Cover page for the assessment submissions:

/files/107979/MSG_2022_23_BA_MIUC_MR_.docx.pdf

 

Here is the class outline:

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Recorded Classes

Market Research Project Outline Spring Semester, 2023

Examples of starting poing of a market research
Assessment 1 of your Market Research Report - Step 1
Assessment 1 of your Market Research Report - Step 2
Assessment 1 of your Market Research Report - Step 3
Assessment 1 of your Market Research Report - Step 4
Assessment 1 of your Market Research Report - Step 5
Assessment 1 of your Market Research Report - Step 6
Understanding your market research
Formative Market Research Project
Assessment Guidelines and Template
Assessment 1: Market Research Report

Stay on top of market trends!

Keeping on top of market trends is mandatory. If you want to stay ahead of the competition and find new niche in the market you have to explore on a daily basis market trends.

What you should do to stay on top of your market trends....
Let's stay on top of market research trends!
Market trends that captured your attention week 2
Market trends that captured your attention week 3
Market trends that captured your attention week 4
Market trends that captured your attention week 5
Market trends that captured your attention week 6
Market trends that captured your attention week 7
Market trends that captured your attention week 8
Market trends that captured your attention week 9
Market trends that captured your attention week 10
Market trends that captured your attention week 11
Market trends that captured your attention week 12
Market trends that captured your attention week 13

Week 1

Education

Who needs market research?

Introduction to market research
Core marketing concepts
Questionnaire about you
Why Starbucks Failed in Australia
After watching the video...
What to learn from Tropicana's packaging redesign failur
Stay on of market research trends!
Recorded Class 14.02
Recorded Class 16.02

Week 2

Education

How to start a market research. Defining the research problem.

How to start a research: Defining the research problem
Video Eye Tracking
Market Research Explained
Video Brand Research
Blog Brand Identity
Exercise 1 - group activity brand identity research
Recorded Class 21.02
Recorded Class 23.02

Week 3

Education

Getting Data for Market Research

Overview
Find the advantages and disadvantages of secondary and primary data research
Group activity - Problem (re)definition
Recorded Class 02.03

Week 4

Education

How to take advantage from desk research sources.

Week 4
How to get sources from secondary
Starting with desk research or secondary data
A Business Case for ABC Consulting
Case study about repositioning brand L.L.Bean
Repositioning of L.L. Bean Case Study
Prezi Secondary Research
Recorded Class 07.03
Recorded Class 09.03

Week 5

Education

Focus groups and interviews, valuable tools for collecting qualitative data

Week 5
Qualitative research methods
Example of focus group questions and outcomes
5 Advantages of the Online Focus Group
5 Avantages of the Online Focus Group
How To Run A Successful Focus Group in 5 Easy To Follow Steps
Focus Group template
Group activity - Defining the market research problem
Research Problem and approach
Recorded Class 14.03
Video Ted Talk - Perception in Market Research
Recorded Class 16.03
Prezi Qualitative Research

Week 7

Education

The use of online Surveys

Week 7
Prezi Observation Research
The use of surveys for market research
Recorded Class 28.03
Recorded Class 30.03
Video Stores Track

Week 8

Education

Data Analysis

Week 8
Data Analysis. Disovering useful information!
What Is Data Analytics?
Using Text Analysis tools for market research
How to code qualitative data, explained simply.
Prezi Survey Design
Survey Cafeteria
Results Survey Cafeteria
Recorded Class 11.04
Recorded Class 13.04

Week 9

Education

Using market research to launch a new product

Week 9
Prezi Questionnaire Design
Using market research for launching new products ideas
How to ask a question: conducting research for your startup
Get better data from user studies: 16 interviewing tips
6 of The Best Market Research Tools for 2022
How to use market research to launch a new product
Caveman product development
How Focus Group Works
Recorded Class 18.04
Recorded Class 20.04
Video Metaverse (AI)
Survey metaverse
Video VR vs AR business idea
MVP - How to

Week 10

Education

Market Research to enter a New Market

Week 10 Using market research to enter a new market
Taco Bell recently expanded into the UK with great success, should they launch in France as well?”
Exercise - Market Research for expansion (Starbucks in Cuba)
Recorded Class 25.04
Recorded Class 27.04
Ted Talk Longitudinal study

Week 11

Education

Planning and Communicating the Results

Week 11 Planning and Communicating the Results
Video Experimental Design
Value creation through 4 P's
Recorded Class 02.05
Scientific Market Research Examples

Week 12

Education

Ethics and new trends in market research

Week 12 Ethics in Market Research
Ethics in market research
Resolve the following ethical dilemmas from the perspective of a market researcher
Market Research Society. Code of conduct.
Impact of AI on Market Research
How Artificial Intelligence Has Revolutionized Marketing and Research
Neuromarketing research Ted Talk
Example product placement study
Nike Market Research
Market Research Steve Jobs
Apple Watch Research
Exercise data analysis

Week 13

Understanding AI and the research methods and tools to be used in the market research project.

Week 13
Case Study: How Artificial Intelligence Has Revolutionized Marketing and Research
Example Exploratory Research
Example of Descriptive Research
Example Causal or Explanatory Research
Video A-B Testing design (explained)
Case Study Amazon A/B Testing
Don't listen to customers TedX Video
VIdeo McDonalds in Italy
Jeff Bezos - Experiments
Video Monkey Experiment Payment
Video Experiment Netflix
Video Example Retail Customer experience experiment
Video Experiment home office O2
Video Burguer King Pepsi experiment
Market Research Exercise: A/B Testing
Video nike product test
Thematic Analysis Exercise

Week 14

22 May
Week 14
Coding Qualitative Data
Steps to Present Qualitative Data
Steps to present Quantitative Data
Video - Story Telling supported by data - Ted Talk
Video Burguer King Data Presentation
Exercise Data analysis - Quantitative data
Market Research Case Studies
Market Research amazon case study