Market Research Methods (2022-2023)
Class
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 critically 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 |
Total Learning Hours |
200 hours |
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 |
2.200 words (+/-10%) |
n/a |
100% |
50% |
Week 15 (Date and time TBC) |
Via NEOlms & 10 working days after the assessment |
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.
Here is the class outline:
Join the class online
ON LINE
Join the class online 2 sections
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Market Research Project Outline Spring Semester, 20233 sections
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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. 1 section
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Week 1
Education
Who needs market research? 9 sections
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Week 2
Education
How to start a market research. Defining the research problem. 8 sections
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Week 3
Education
Getting Data for Market Research 3 sections
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Week 4
Education
How to take advantage from desk research sources. 7 sections
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Week 5
Education
Focus groups and interviews, valuable tools for collecting qualitative data 11 sections
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Week 7
Education
The use of online Surveys 6 sections
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Week 8
Education
Data Analysis 10 sections
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Week 9
Education
Using market research to launch a new product 14 sections
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Week 10
Education
Market Research to enter a New Market 6 sections
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Week 11
Education
Planning and Communicating the Results 5 sections
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Week 12
Education
Ethics and new trends in market research 10 sections
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Week 13Understanding AI and the research methods and tools to be used in the market research project. 17 sections
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Week 14
22 May
9 sections
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