MARKETING RESEARCH
Members Ritu Uma
: Atul Sumit
Manish Tarun
AGENDA Ø MANAGEMENT PROBLEM Ø EXPLORATORY RESEARCH & FINDINGS Ø MARKETING RESEARCH PROBLEM Ø HYPOTHESES Ø SAMPLING DESIGN AND PROCESS • • • •
Target Population Sampling Frame Sampling Technique Sample Size
Ø DATA ANALYSIS • • • •
Regression Analysis Cross-Tabulation Chi-Square Analysis Averages and Percentages
Ø CONCLUSIONS DRAWN
MANAGEMENT PROBLEM
•
Traditional cameras are losing their market share to digital cameras. Is there a survival strategy for the film camera?
EXPLORATORY RESEARCH Ø Expert Interviews • Sample Composition • Sample Size: 5 • Occupation: Professional Still Photographers • Age Group: 40-60
Ø Ø Qualitative Research • Sample Composition • Sample Size: 7 • Occupation: Students and Working Professionals • Age Group:21-30 • Income Group: Middle and Upper-middle
FINDINGS OF EXPLORATORY RESEARCH Ø Preference- Digital Camera • Perceived Benefits of Digital Camera: • • • • •
Ease of use Near-zero recurring expenditure Nearly unlimited number of shots Instant results Image enhancements
•
• Perceived Benefits of Film Camera: • Quality of picture superior to digital camera • Quality of zoom better than digital camera
MARKETING RESEARCH PROBLEM Ø Ø Determine the market for film reel cameras
Ø Ø Ø Determine the market for digital cameras
Ø Ø Ø On the basis of various parameters, compare the two markets and conclude which the company should
THEORETICAL FRAMEWORK Ø Understand the attributes and characteristics of traditional cameras Ø Understand the type of target markets for traditional cameras Ø Ø Ø Understand the attributes and characteristics of digital cameras Ø Understand the type of target markets for digital cameras
ANALYTICAL MODEL Ø Ø Consider the features and advantages of both the cameras to be independent variables Ø Ø Ø Consider the type of camera (digital and film) to be dependent variables
RESEARCH QUESTIONS Ø What prompts a consumer to use a particular kind of camera Ø Ø Have consumers made the shift from traditional film cameras to digital cameras completely? Ø Ø Will there be a market for film cameras in India, in the long run? Ø
HYPOTHESES 1. 2.There is no market left for traditional film roll cameras in India 3. 4. 5.There is a niche market left for the traditional camera
MEASUREMENT Ø Exploratory Research: • Expert Interviews (Telephonic) • Qualitative Research (Pilot Survey) • Secondary Data
Ø Ø Conclusive Research: • Single Multiple Cross-Sectional design • Internet Interviews • Traditional Telephonic Interviews • Personal In-home Interviews
SAMPLING DESIGN AND PROCESS
TARGET POPULATION Ø Ø People who click photos Professional Freelancers/studio Ø Ø People who click photos Non-professional Urban Ø Ø People who click photos Non-professional Semi-urban Ø
SAMPLING FRAME Ø Ø Personal Contacts Ø Ø Ø The Press
SAMPLING TECHNIQUE Ø Ø Freelance/ Studio photographers: Non-probability Judgmental Sampling Ø Ø Ø Casual photographers: Simple Random Probability Sampling
SAMPLE SIZE Ø Professional photographers: 11 Ø Urban Casual photographers: 20 Ø Semi-urban Casual photographers: 20 Ø Ø •Total Number of Respondents: 51 Ø
DATA ANALYSIS Methods used: Ø Regression Analysis Ø Cross-Tabulation Ø Chi-square Analysis Ø Averages and Percentages Ø Bar Graphs Ø Correlation •
REGRESSION ANALYSIS Ø Y=3 - 0.07a - 0.11b - 0.15c • where • • •
y= type of camera a= location b= profession c= age
•
Ø r-square = 0.26
Ø Ø Inference: •
Age, location and profession do not affect the type of camera used
CROSS-TABULATION USAGE
PROFESSIONAL URBAN SEMI-URBAN TOTAL
PERCENTAGE
Digital
7
19
17
43
84%
Film reel
4
1
3
8
16%
11
20
20
51
100%
Set-wise % 14%
37%
33%
84%
Row-wise %
8% 16%
2% 44%
6% 40%
16% 100%
50%
13%
38%
100%
CROSS-TABULATION
FUTURE PURCHASE
PROFESSIONAL URBAN
TOTAL
PERCENTAGE
18
SEMIURBAN 20
Digital
7
45
88%
Film reel
4
2
0
6
12%
11
20
20
51
100%
Set-wise %
14%
35%
39%
88%
Row-wise %
8% 16%
4% 40%
0% 44%
12% 100%
67%
33%
100%
CROSS-TABULATION
PREFERENCE
Professional
Urban
Semi-Urban
Total
Percent
Digital
5
18
19
42
84%
Film reel
6
1
1
8
16%
11
19
20
50
100%
Set-wise %
10%
36%
38%
84%
12%
2%
2%
16%
Row-wise % 12%
43%
45%
100%
13%
13%
100%
75%
CHI-SQUARE ANALYSIS Ø Null hypothesis H₀: Choice of camera depends on profession Ø Alternate hypothesis H₁: Choice of camera does not depend on profession
• Critical value= 3.841 •Chi-square value= 4.675 •
•
Ø Inference: •Hence, we reject the null hypothesis
AVERAGES AND PERCENTAGES Ø Benefits of cameras: • Scale used- rating scale • Observation- highest rating to ‘clarity of photographs’
Ø Ø
Ø Inference: •The most sought-after benefits of cameras were found to be clarity of photos, ease of use and durability
AVERAGES AND PERCENTAGES Ø Buying behavior of cameras: • Digital camera: • Latest technology: 53% • Reputed brand: 49%
• • Film Reel camera: • Discomfort with technology: 50% • Budgetary constraints: 30% • Latest technology: 20% •
CORRELATION Ø Correlation between age and technology: (0.078) Ø Correlation between age and ease of use: 0.119 Ø Correlation between preference and technology: (0.041)
• Ø Inference: •No correlation as such observed between the given set of data. Hence, it shows that a large part of the population has
FUTURE OF FILM REEL CAMERAS Ø 37 out of 51 respondents feel that reel cameras will not survive Ø Reasons: • Advanced technology • Inconvenience of developing reels • Camera-makers are shifting to digital cameras, forcing the consumer to do so
Ø Ø Respondents who felt that if innovations like options to view and edit photos were built into the product, reel cameras had a chance to survive
CONCLUSIONS DRAWN Ø Choice of camera is independent of the age, location and profession of user Ø Ø Even professionals have made or are making the shift because they are dependent on the camera-maker Ø Ø Only some professionals and few people above the age of 40 prefer film reel cameras
CONCLUSIONS DRAWN Ø Ø Hypothesis 1 holds true as the shift to digital cameras is proved to be inevitable Ø Ø Ø Hypothesis 2 does not hold true as there will be too small a market for the company to operate in. This will not be profitable in the long-run
THANK Y OU