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Market Research Element

Description

Tools & Metrics Utilized

Strategic

 

Market Structure

 

 

Market Segmentation

Identifying Consumer Profiles and sub-groups

Geographic Segmentation, Demographic Segmentation,
Market Area Analysis, Cluster Analysis

Market Definition & Product Differentiation

Measuring Competitive Environment & Product Substitutability

Product/Brand Cross Elasticity, Cross-category demand
analysis, Market Share Analysis etc.

Brand Equity

 

 

Brand Awareness & Loyalty

Measuring Brand Stability

 Purchase Intent, Aided & Unaided Brand Recollection, Brand-Switching etc.

Brand Positioning

Evaluating Market Leadership

Brand Market Share vs. Awareness & Equity

Brand Tracking

Tracking Strategic Brand Growth

Brand tracking Analysis

Tactical

 

Marketing Investment Analysis

Marketing Response Analysis

Marketing Response Analysis consists of identifying and
measuring the impact of the drivers of marketing, both controllable and uncontrollable.

Marketing-Mix Analysis,
Marketing % Contribution To Sales, Year-Over-Year drivers of growth etc.

 

Controllable Drivers: Pricing, Discounts, Coupon Promotions,
Advertising (Print, TV, Internet) etc

 

 

Uncontrollable Drivers: Competitive action, Seasonality,
category trend etc.

 

Marketing Return on Investment

Utilizes sales contribution of each marketing
tactic to calculate return on investment.

Payback (Sales per Dollar of Marketing or conversely Marketing
Efficiency, calculated as $ cost of each incremental unit sold.

Marketing Optimization

Optimally allocates marketing investment across available tactics by maximizing revenue and minimizing cost.

Simulations and What-If-Scenario Evaluation (WISE)