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Market Research

Market Research

At base, the study of Market Research is geared toward the principles and techniques which underlie the effective collection and analysis of data concerning market relations, especially with regard to consumer behaviour and the determinants which drive it. Market Research is primarily focused on problem solving, on isolating and analysing trends in a given market context, with the intention of explaining said phenomenon. The intention, here, is to translate critical insights on market trends into means of effecting change in consumer behaviour; to engineer or cultivate demand for a product or service. A large component of Market Research, therefore, involves critical thinking and logical reasoning: in being able, as it were, to impose order on complex economic causalities which can appear to be irrational or chaotic – in explaining why consumers act the way they do. Psychology thus plays an important role in Market Research, as does sociology, cultural studies, demography, economics, and, indeed, politics; all those elements which feed into the collective consciousness and shape behaviour and society. Such heterogeneous concerns consequently require an eclectic scholarly approach, meaning that Market Research students should command proficient research skills, an ability to navigate and order potentially voluminous and complex data sets. Students need also to be conversant with the scholarly literature and exhibit a fluent understanding of prior scholarship and emergent ideas.

A first-class Market Research essay will, then, engage with multi-angular critical analyses, bringing the insights of discrete relevant fields to bear in a syncretic fashion, proffering new perspectives on established problems. Again, Market Research is fundamentally problem solving, so good grades will require creative approaches to the task at hand. You do not want simply to reiterate old arguments or describe current challenges. Rather, you want to employ existing ideas in order to illuminate previously unconsidered means and methods of precipitating behaviour change in consumers. Tutors will be impressed by an essay that demonstrates not only an awareness of recent theoretical developments but an engagement with them; taking those abstract principles and identifying their practical application. This last might well entail proffering entirely novel approaches to the field. As long as all your work is evidentially corroborated and thoroughly researched, you are free to be highly creative with your treatment of the subject. Marketing, after all, is a pragmatic discipline, one which necessarily prioritises practical solutions, ideas that deliver results. In consequence, innovation and originality are at the forefront of Market Research, being able to offer the most advanced solutions to marketing challenges; being able, moreover, to explain said solutions in a compelling manner. It goes without saying, therefore, that the students who do well will by necessity be those who express themselves most efficiently, who get their point across. Marketing is after all about communicating a message, conveying information in the most effective and persuasive way. The successful Market Research student will accordingly be an able communicator, an individual who can express their ideas clearly and concisely.

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