Define the Five-Step Marketing Research Approach and discuss the importance of research in marketing.
February 3, 2020 Comments Off on Define the Five-Step Marketing Research Approach and discuss the importance of research in marketing. Course Work Assignment help

You are the marketing manager for a local nonprofit charity whose funding is derived from membership fees. You have noticed a severe drop in new memberships and a decline in repeat memberships, which is threatening your organization’s ability to survive and grow. You have decided to implement the Five-Step Marketing Research Approach to help clarify the problem and develop strategies for implementation.

  • Define the Five-Step Marketing Research Approach and discuss the importance of research in marketing. 
  • Describe each step of the Marketing Research Approach in detail and create a plan of attack to explain how each stage should be implemented.
  • Define the target market that you are striving to bring into this organization and describe the methods of research that you will use to identify these groups of people.
  • Define service differentiation. Provide an example that illustrates how the local nonprofit charity in the scenario can use differentiation to help increase the target market’s interest.
  • Explain how differentiation will help position the charitable organization within its defined market.

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