This research proposal aims to analyze the factors contributing to the loss of customers for a tire retailer and provide recommendations to regain market share.
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Marketing1 Managing Research By (Name) Name of the Course Title of the Instructor Institutional Affiliation
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Marketing2 Table of Contents Research Proposal for tire Retailer..................................................................................................3 Background......................................................................................................................................3 Research questions.......................................................................................................................5 Research objectives.....................................................................................................................5 Literature review..............................................................................................................................5 Customer satisfaction...................................................................................................................5 Importance of customer satisfaction............................................................................................6 Effects of poor customer service.................................................................................................7 Research design...............................................................................................................................8 Overall research design and Justification....................................................................................8 Sources of data for the research...................................................................................................8 Conceptualization and measurement...........................................................................................9 Data collection methods................................................................................................................10 Data analysis..............................................................................................................................11 Ethical issues and limitations of the research................................................................................11 Proposed time frame for the research............................................................................................12 Budget............................................................................................................................................13 Technical part................................................................................................................................14 An estimated progress of the organization after the implementation of customer satisfaction strategies....................................................................................................................................14 References......................................................................................................................................16
Marketing3 Research Proposal for tire Retailer Tire retailer is a well-known organization within the boundaries of Australia and is known to have gained much popularity across different regions as a result of the quality services that is has been able to offer to its customers over the past period. As a result of the implementation of quite a number of management strategies, the organization was able to obtain a total estimated market share of 25% within the Australian market thus making sure that all its customers were appropriately served according to all their expectations. Moreover, it is an organization that has been known for quite a number of years now when it comes to the selling of different types of well-known brands that are trusted across all its customer segments. This appears to be one of the major factors that enabled it to gain popularity at a faster rate compared to several other organizations that are also known to be existing within the market platform. Unfortunately, despite all these quality services that the organization is capable of providing, it is slowly losing all its customers (Bendtsen et al. 2016). This research therefore aims towards carrying out an analysis regarding some of the issues and factors that might have contributed towards the organization loosing many customers in an expected manner. On the other hand, the scope of the research is concerned with analyzing quite a number of variables that will be compared in various ways to make sure that the right results is obtained. At the same time, one of the major limitations that are likely to be encountered by the research is lack of appropriate data to carry out the analysis. Background Tire retailer losing a good percentage of its customers in an unexpected situation is a condition that is capable of being caused by quite a number of factors where most of them have
Marketing4 resulted as a result of the top management’s failures to carry out their respective duties. Results that the organization had started to show right after its customers decided to move away to several other organizations, was a result that was not impressive at all since it came up with quite a number of disadvantages to the organization with the major ones being causing serious losses in terms of the sales that were made across various store that are known to be fully attached to the organization. At the same time, the organization was also able to spoil its reputation across different groups of customers who were not comfortable at all with the service that the organization started to offer them. They felt that its initial services appeared to be much better that what the organization was giving them at the current moment. This is a situation that made them to look out for several other alternatives that are likely to be available within the market platform in order to fully satisfy their requirements without having any worries. Right after the new CEO was able to join the company that is when the identification of the organizational problem began. Since the CEO was a well-organized kind of personality who was able to implement different forms of leadership strategies in a very comfortable and reasonable manner, she decided to take some walk in order to visit 20 of the major retail stores that were located in different places and were known to be attached to the entire company Moreover,, the stores that she decided to visit were located in both the regional areas together with the cities. Fortunately, she was able to come up with quite a number of observations in relation to the services that were provided by the stores. Firstly, there were very high counters that were installed within the stores and these are the places where mangers hid and unfortunately they could not be easily noticed by the customers. What is more unfortunate is that almost half of the cash customers were woman and they really experienced a hard time to carry out their operations while at the counters since it wasn’t easy for them to reach to the top and be
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Marketing5 able to efficiently communicate with the managers. As a result of this the stores required the customers to stand where the magazines at the counter were majorly trucking and car magazines. Research questions (1)What are some of the major factors that made tyre retailer to lose its customers? (2)What are some of the best strategies that can be taken by the organization to move back to its original position? (3)Do you think that the top management should be held accountable for the issue that the organization is facing? Research objectives (4)Evaluating some of the major factors that contributed towards the loss of customers in tyre retailer. (5)Creating awareness on how to address issues dealing with customer satisfaction (6)Providing appropriate and reliable recommendations on some of the steps that the company should take to come back to its original position and market share. Literature review Customer satisfaction Customer satisfaction is among the best factors that any organization should be able to give the first priority. As a result this, there is always no need to ignore the importance of customer satisfaction within the boundaries of an organization. On the other hand, there are always quite a number of factors that are always known to be contributing to the success of any given business where customer satisfaction appears to be the major one. It is therefore an important thing to appropriately track this factor and try as much as possible to work on scaling its status within the organizational boundaries thus making all the customers to be more loyal to an extent that they
Marketing6 can be easily turned into brand ambassadors who can be fully attached to the organization as a result of the provision of quite a number of products and services that are provided to them. When an organization doesn’t care about dealing with customer satisfaction, it will not be appropriate to expect them to care about all the products and services that are being offered by that organization. Due to this, the sooner an organization is capable of facing the entire situation the better it will be capable of performing towards the right direction. On the other hand, a customer service that is of high standard is capable of appropriately winning and convincing quite a number of clients thus making the entire organization to be one of the most recognized across different groups of personalities. In this current society, when social media is capable of playing an important role when it comes to making quite a number of decisions, it is always more essential to keep an eye on the quality and level of customer service that is being provided within an organization or company. Importance of customer satisfaction There are quite a number of factors that are capable of explaining some of the major reasons as to why customer satisfaction appears to be very important within an organization. One of the major reasons that explain this is that loyal customers are a treasure that an organization should always keep and even hide from the world. This is simply because they will keep on buying the products for the organization again and again and as a result of providing them with quality services, they will be able to develop a notion that what they are obtaining from the organization is what is the best compared to any other product of the same choice that can also be found within the market platform (Rodríguez-Rangel, Sánchez-Rivero and Sánchez-Martín 2016). Another reason as to why customer satisfaction is important within an organization is because it is a major factor that is capable of making an organization to stand out of the completion with the
Marketing7 rest of the other organizations that are also likely to target the same customer segments through the use of different types of products and services (Olvera 2016). Normally, the competitive rivals of a particular business are always focused towards waiting for the business to make a wrong move so that they can be able to take advantage of the whole situation and direct all their products and services towards the direction of their long aimed customer segment group (Cvijanović, Dasgupta and Zachariadis 2016). Despite the entire situation, if an organization puts much focus in providing all its customers with an amazing customer service, there will be a high probability for the organization to gain arguments in order to fully convince the uncertain of its services. Moreover, a great customer experience is a condition that is capable of taking an organization’s brand to greater places (Sheikhtaheri, Sadoughi and Ghazizadeh 2016). The importance of customer service is something that should be appropriate considered most so when planning various marketing situations together with the positioning of various campaigns. Effects of poor customer service Poor customer service id one of the worst conditions that should ever happen to an organization. One of its major effects is that it is capable of leading towards the loss of large customers from an organization thus causing serious losses in terms of the sales of all the products and services that are attached to that organization (Birk et al. 2016). At the same time, poor customer service is also able to tarnish the reputation of an organization since the customers will not be satisfied with what the organization is offering them (Olaiya et al. 2016). Additionally, an organization or a company is likely to lose its market base as a result of poor customer service thus making it to become totally less competitive when it comes to the products and services that it offers to various personalities (Kabir 2018). Poor management strategies are among the major factors that is known to be contributing towards the emergence of poor
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Marketing8 customer service within an organization thus it is a condition that is likely to be contributed by leaders who are not aware on some of the things that they should be carrying out within an organization in order to make it a success (Ismail and Ali 2016). Research design Overall research design and Justification This research will make good use of a specific research design that will be carried out with a lot of ethical consideration and also by following the rules and regulations in order to avoid crossing the boundaries of various personalities (González-Cruz and Cruz-Ros, 2016). As a result of this, the major research design that will be fully utilized at this level is the use of interviews (Judge and Douglas 2016). Moreover, one of the major reasons as to why the use of interviews looks quite important is simply because it involves a one on one conversation with the respondents who will be able to give their own views in relation to the entire situation being faced by the organization, since the information that they will be able to provide throughout the interview will be a first-hand information, this will therefore make the entire research design to be more reliable by providing an accurate information that cannot be distorted at all (Iglesias 2016). Sources of data for the research There are quite a number of data sources that will be majorly used for the research in order to obtain the right information that can be used in the future analysis of various situations. Due to this, both the primary and secondary data sources will be appropriately implemented to obtain the right outcome (Gurteen 2016). The proposed research participants in the primary data sources will majorly include the customers together with the employees who are attached to the organization. The materials that will be used for primary are the audio and video recording that
Marketing9 are more concerned with quite a number of issues that tend to involve the entire organization (Sharma 2016). Moreover, the secondary forms of data that will be used at this level will majorly include the records obtained from the organization in relation to quite a number of statistical data (Saputra 2016). The participants that will take place in relation to the secondary data will major include the management officials together with the stakeholders. The materials were selected as a result of them being more reliable and less complicated thus they can be able to deliver the right information at the required time without coming up with quite a number of complicated situations that are likely to lead towards the emergence of a more confused situation. At the same time, the information that is gained will appear to be more reliable since it will be originating from a first-hand source and therefore distorting it will not be that easy. Conceptualization and measurement The research will be able to make good use of various aspects of conceptualization and measurement that will be fully concentrated towards a qualitative type of research which includes the following types of research questions that will be appropriately addressed; (7)Do you think that coming up with appropriate customer satisfaction techniques will help the company to solve the situation? (8)Apart from customer satisfaction, what are some of the issues that you would like the company to address? (9)Where do you see the organization in the coming three years?
Marketing10 Data collection methods Quite a number of data collection methods will be well implemented in this research to ensure that a vast range of information is appropriately obtained for future analysis. The following are among the data collection methods that will be used; Interviews-Through this data collection methods, quite a number of participants will be interviewed in relation to the entire situation where they will be expected to provide their responses based on their own perceptions. This method was chosen since it is more reliable and less expensive (Pollack and Algeo 2016). Surveys-The data will also be collected through the use of surveys that will be carried out across different customer segments in order to make sure that reliable set of information is obtained within the right time. One major reason as to why this method has been chosen is because it is a diverse method of data collection and as a result of this; it has the capability of obtaining a vast range of information that will be more suitable for the analysis process (Sadatrasool, Bozorgi-Amiri and Yousefi-Babadi 2016). Observation-The use of observation technique will be another method that will be properly used to collect data across different regions. Upon using the observation data to collect information, appropriate statistics and issues will be reported based on what is observed in relation to the entire scenario (Miles, Snow and Pfeffer 2016). It is a data collection method that fully involves analyzing situations based on what is seen thus the recorded data cannot be easily distorted and this is why the data collection method was preferred (Jelenković and Barjaktarović 2016).
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Marketing11 Data analysis The entire data will be analyzed by carrying out a comparison of different types of variables without making any assumptions in order to come up with an advanced set of results that can be relied upon by the organization for a better progress in the coming future (Ogunyomi and Bruning 2016). Moreover, there are quite a number of limitations attached to this research that mangers should be able to take into account most so while making decisions. One of the major limitations attached to the research is inadequate time. There was less available time that was there to carry out a wide research together with the collection of appropriate information. Ethical issues and limitations of the research The entire research will be able to operate under some basis of ethical issues to ensure that it becomes a success through and adequate and reliable provision of quite a number of positive results within the organization. One of the first ethical issues that it will be capable of dealing with is the issue of confidentiality (Obaji, Senin and Olugu 2016). The research will try as much as possible not to reveal the confidentiality of the participants who will be involved in the entire process but instead, it will focus on coming up with a reliable results that can be fully depended on (Krasniqi 2014). At the same time, the result will work hard towards implementing different conditions of honesty and integrity as another set of ethical issues that will involve being honest in the entire process right from right from data collection up to the very last part that involves the analysis of the collected data (Meyer, Tsui and Hinings 2016). Maintaining honesty and integrity as an ethical issue associated with the research, is likely to give the organization one of the best opportunities to carry out various tasks in order to appropriately move towards the other side that is full of positivity (Lyon and Maxwell 2011). At the same time, there will be the respect for
Marketing12 intellectual property that will be able to emerge during the research process; this ethical issue will ensure that the boundaries of various personalities are not crossed at all but instead, they will be given one of the easiest time possible to fully participate and also be able to come up with their personal opinions and perceptions that are related to the entire situation that is being faced. This will therefore provide a perfect opportunity to carry out the analysis process without having any worries at all. Proposed time frame for the research Problem identification Research design Data Collcetion 10/110/310/510/710/910/11 Gantt Chart Each and every activity in the proposed time frame will be carried out according to the required rules and regulations thus making sure that everything has been placed in order according to what are expected. This will further contribute towards coming up with appropriate approaches that will be much easier to understand without developing any complications.
Marketing13 Budget ActivityAmount Parameters for data collection$1000 Allowances$800 Parameters for carrying out analysis$1500 Transport Cost$600 The above information is known to be obtaining the exact budget that will be used to tackle the whole research process by making sure that it emerges as a success. At the same time, the budget indicates how various financial distributions will be carried out to make sure that the whole research emerges as a successful process that will be appropriately used to handle the situation that is being faced by the company thus making sure that is capable of returning back to its original position in terms of offering quite a number of competitive advantages to different types of organizations that might also be interested in the same customer segments.
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Marketing14 Technical part An estimated progress of the organization after the implementation of customer satisfaction strategies Year 1Year 2Year 3 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% The above data shows an estimated performance progress that the organization is likely to obtain right after implementing what this research entails in order to come back to its normal operations. By the end of the first year, the performance of the organization shall have gone up by a total percentage of 68% which clearly indicates that it shall have started to capture the attention of quite a number of customers as a result of the quality customer services that it will be capable of implementing. Additionally, by the end of the second year, the performance efficiency is likely to go up to a percentage of 76% where the total number of potential customers shall have also been attached to the entire organization due to the level of quality service that they will be able to obtain from the company. At this point, the company shall have solved more than half of its current situation thus working towards offering a competitive advantage to the competitors. Finally, by the end of the third year, the organizations performance shall have moved to higher
Marketing15 levels where it will be operating at a total percentage of about 92%, at this level nearly all the customers shall have returned back to the organization in order to obtain the quality service that they used to get before it started facing the situation.
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