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1 . Analyze data The market research team analyzes and interprets play observations and focus group interviews. Step 2 : Develop the research plan 2
Analyze dataThe market research team analyzes and interprets play observations and focus group interviews.
Step : Develop the research plan
Offer discountBased on focus group feedback, FisherPrice offers an onpackage discount to reduce price to consumers.
Step : Collect relevant information
Observe childrenResearchers watch children playing with "Everyday Heroes" in FisherPrice's "Play Lab."
Step : Collect relevant information
Research objectiveFisherPrice wants to determine if kids will play with the toy more if it does not fall over.
Step : Take marketing actions
Change nameBecause moms are skeptical about the "Everyday Heroes" name, FisherPrice changes the product's name to "Rescue Heroes."
Step : Take marketing actions
Determine constraintsFisherPrice must specify the limits on time and money available for research.
Step : Collect relevant information
Launch productFisherPrice launches the "Rescue Heroes" product in test markets.
Step : Develop the research plan
Boys like itBoys played with the new prototype longer than any toy ever tested.
Step : Collect relevant information
Present resultsThe marketing team for the "Heroes" product presents results to management.
Step : Develop findings
Best approachFisherPrice decides that watching children observation would be the best approach to collect data.
Step : Take marketing actions
Conduct focus groupsWhile children are playing with the new toys, FisherPrice collected feedback on possible marketing tactics from mothers.
Step : Define the problem
Monitor salesFisherPrice evaluates the results of its marketing changes by monitoring sales in the test markets.
Step : Develop the research plan
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