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ChapterTwenty20-1
MarketingResearchSupplierManagement20-2KeyTerms&Definitions1.Maintainsclientconfidentiality2.Ishonest3.Ispunctual4.Isflexible5.Deliversagainstprojectspecifications6.Provideshigh-qualityoutput7.Isresponsivetotheclient’sneeds8.Hashighquality-controlstandards9.Iscustomer-orientedininteractionswithclient10.KeepstheclientinformedthroughoutaprojectWhatClientsWant–AResearcherWho:
ManagingtheResearchProcess20-3KeyTerms&DefinitionsResearchManagement:Overseeingthedevelopmentofexcellentcommunicationsystems,dataquality,timeschedules,costcontrols,clientprofitability,andstaffdevelopment.
ManagingtheResearchProcess20-4KeyTerms&DefinitionsSomeKeyIssues:OrganizingtheSupplierFirmDataQualityManagementTimeManagementCostManagementOutsourcing
Outsourcing20-5KeyTerms&DefinitionsOutsourcing:Havingpersonnelinanothercountryperformsomeorallofthefunctionsinvolvedinamarketingresearchproject.CaptiveOutsourcing:Whenaresearchfirmcreatesawholly-ownedforeignfacilityforoutsourcing.
20-6KeyTerms&DefinitionsOutsourcingIssuesConfidentialityInfrastructureQualityofdeliverablesDomainknowledgeCulturalissuesJoblossesintheclientcountryandassociatednegativepublicityfortheagencyEmployeeliability
ClientProfitabilityAnalysis20-7KeyTerms&Definitions
ScreeningQuestionsUsedbyCRI20-8KeyTerms&DefinitionsHowdidyouhearaboutus?Whatkingofworkisit(intermsofindustryscope)?What’syourbudget?Whatareyourdecisioncriteria?Whomarewecompetingagainstforyourbusiness?Whyareyouthinkingofswitching?
StaffManagementandDevelopment20-9KeyTerms&DefinitionsCreateanenvironmentthatencouragesrisktaking,experimentation,andresponsibility.Fosterrecognitionandaccountability.Providejobautonomywithinacertainstructure.Attractandsupportpeoplewithentrepreneurialattitudes.Connectrewardstoabusinessresult.Openyourfinancialbooks.Offerdiversitywithinyourorganization.Provideclearpromotionalpaths.SomeKeyTechniques:
ManagingaMarketingResearchDepartment20-10KeyTerms&DefinitionsAllocatingtheresearchdepartmentbudget.Prioritizingprojects.Retainingskilledstaff.Selectingtherightmarketingresearchsuppliers.Movingmarketingresearchintoadecision-makingrole.CriticalIssues:
RetainingASkilledStaff20-11KeyTerms&DefinitionsConductregularperformancereviewsthatgivecontinuingfeedbackonajobwelldone—orofferwaystoimprove.Offerpublicrecognitionforgreatwork.Someexamplesareinthetext.Givedifferentialpayraisesthatrecognizesuperiorperformance.Varytheworkinordertokeepeveryoneinterested.
SelectingtheRightMarketingResearchSuppliers20-12KeyTerms&DefinitionsKeyQuestions:Howlonghasthevendorbeeninbusiness?Forwhatothercompanieshasthevendorconductedresearchprojects?Whataretheacademicbackgroundsandexperienceofthosepersonswhowillbeworkingontheprojects,thatis,theprojectdirector,fielddirector,dataprocessingmanager,andsoforth?Doesthecompositionoftheprojectteamstriketherightbalancebetweentop-levelmanagementandtechnicalresearchersandanalysts?Doesthesuccessoftheprojectdependonthecapabilitiesofasubcontractor?
SoftSkillsoftheIdealMarketingResearcherKeyTerms&Definitions20-13LifelongLearnersAdaptEasilyActasaPartner
TwoApproachestoMeasuringROIROILiteROICompleteKeyTerms&Definitions20-14
20-15KeyTerms&DefinitionsResearchManagementOutsourcingCaptiveOutsourcingOutsourcingIssuesWhatClientsWantClientProfitabilityManagementSampleClientScreeningQuestionsManagingDifficultClientsStaffManagementandDevelopmentManagingaMarketingResearchDepartmentRetainingaGoodStaffSelectingtheRightMarketingResearchSupplierMaintainingaCompetitiveAdvantageMeasuringReturnonInvestment(ROI)ROIExampleLinksandbuttonareactivewhenin“SlideShowMode”KeyTerms&Definitions
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