MKT
7510: Marketing Research & Analysis
CASE PREPARATION
To start your thinking, preparation questions have been
provided for the cases. These are not meant to be limiting. You must use
your own imagination, knowledge and common sense to raise additional questions
that are important in solving the problems posed by a particular case.
Knowing what questions to ask is a valuable managerial skill.
Protein Codes
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Which market(s) – academic and/or corporate customers – Paul should target
selling his product?
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Should Paul sell FILIP as it is, or should he add additional features that
users require? Which features are most important? Which ones can be left
out?
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What price should Paul charge for FILIP? Why?
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What are the forecasts of demand for FILIP in the selected target market
under a Pessimistic, Most Likely, and Optimistic Scenarios? How to define
these scenarios?
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Should Paul take the unlimited distribution license?
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How should Paul market FILIP?
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What additional market research should be done to develop business plan
for the company?
Innovation at 3M Corporation (A).
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How has 3M’s innovation process evolved since the company was founded?
Why, if at all does 3M, known as a ‘hothouse’ of innovation, need to regain
its historic closeness to the customer?
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How does Lead User research process differ from and complement other traditional
market research methods?
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Has the Medical-Surgical team applied the Lead User research process successfully?
Why or why not?
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What should the Medical-Surgical Lead User team recommend to Dunlop: the
three new product concepts or a new business strategy? What are the risks
to the new Lead User process at 3M? What are the risks to the Medical-Surgical
business unit?
Wendy's International, Inc.
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Who are Wendy's current customers? What do they think? What do they like
in a fast-foods restaurant like Wendy's?
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Who will be Wendy’s target customers? What do they think? What do they
like in a fast-foods restaurant like Wendy's?
Hint: Read all the items in the survey questionnaire carefully
and select some items that you think would help you to define Wendy's current
customers. The same process can be repeated to define Wendy's target customers.
See attached document (page 3 of this document).
Nestle’ Refrigerated Foods: Contadina Pasta & Pizza
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Using the BASES model described in Exhibit 9, forecast the estimated demand
(trial and repeat) for the two Pizza options under consideration: Pizza
and Topping and Pizza only.
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What can we learn from Exhibits 13, 14 and 15?
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How does the Pizza concept test data compare to the pasta concept test
data? Compare and contrast the pizza and pasta opportunities.
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Would you launch the pizza?
Hint: Pizza Market Projection: The worksheet attached will
help you to estimate the demand for Pizza and Topping case (see page 4).
Unlike the pasta example, students need to account for the projected differences
in purchase behavior by "Users," those households currently using the parent
brand, Contadina refrigerated pasta and "Non-Users," those who have not
used Contadina pasta. Identify the relevant numbers from the case to determine
trial purchase, repeat purchase and toppings purchase.
Custom Research, Inc. (A)
Has Custom Research Inc. correctly analyzed what is causing their problems
in improving profitability?
Evaluate the process and procedures used by Jeff Pope in dividing customers
into categories of profitability. What are the problems in the way the
analysis has been done?
What should Judy Corson, Jeff Pope, and Custom Research Inc. do?
Checklist for Solving a Case
A. Development of a Decision Problem
1. Company’s Goal: Revenue, Profit, or/and Market Share Target.
2. Company’s Objective: Volume player (Market Leadership) vs. Niche
player.
3 . Company's Strategy:
Growth: Market Penetration, Product Development,
Market Development, and
Diversification.
Consolidation: Harvesting, Retrenchment, Pruning,
and Divestment.
4. Development(s) / Change(s): Source(s) of a Problem.
Environmental Political, Economical, Societal, and Technological.
Market Current Size, Future Potential, and Growth Rate.
Customer Characteristics, Benefits Sought, Decision-Making Process.
Competitor Strategy, Performance, Strength, Weaknesses.
Delivery Channel Structure, Strategy, and Performance.
Company Strategy, Performance, Strength, Weaknesses,
Reputation, Skills, and Resources, 4 P's,
Product - Company Fit, Product - Market Fit.
5. Acceptance / Reaction of Change(s): Customers, Channel Members, and
Employees.
6. Impact on Company’s Operation: Development of Criteria,
Short Term vs. Long Term Effect(s).
B. Alternatives to Solve the Problem
1. Qualitative Evaluation: Pros - Criteria Met, Customer Satisfaction.
Cons - Costs, Reactions, Cannibalization.
2. Quantitative Evaluation: Revenue, Market Share, Break-even Volume,
and Profitability Analysis.
C. Selection of an Alternative Justification.
D. Implementation
1. Marketing Mix Strategy: 4P’s.
2. Game Plan: Capital and Personnel Requirement, Organization Structure,
Time Frame Involved, and Preemption.
E. Contingency Plan Modified Marketing Plan, or Selection of Next Best
Alternative
Steps Involved in Solving "Wendy's"
Case
1. Identify current customer (C)
2. Define target customer (T)
3. Check T > C.
R - Retain
A - Attract
4. Look for majority responses of different groups (C,T, R or A).
5. Investigate significant difference(s) between two group ( C vs.
T or R vs. A) with respect to profile, perception and preference.
6. Identify linkage between perception and preference for a particular
group (C,T, R or A).
S - Strong
w - Weak
7. Identify linkage between media habit/ situational variable and
profile, perception or preference for a particular group (C,T, R or A).