This study focuses on the methodology of sampling and data collection for a research project. The researcher aims to eliminate errors and bias by adopting random sampling, selecting 10 managers from Tesco as participants. Primary and secondary sources will be used to gather data through questionnaires and existing literature.
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RESEARCH METHOD
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TABLE OF CONTENTS INTRODUCTION...........................................................................................................................1 Assessment......................................................................................................................................1 Intended research topic and rationale for choosing this topic......................................................1 Relevant area of the marketing management and the reason for choosing that area...................1 Discussion regarding the model or the principle that is useful in relation to the research topic.2 Thoughtsaboutformulatingtheprojectproposalthatwillactasthebase forfurther dissertation project 886................................................................................................................2 Suggesting provisional primary research question.....................................................................3 7. Does online media marketing helps in improving the sales performance of an organization? ......................................................................................................................................................4 Suggesting the research approach that best suits to the research topic.......................................4 What will be sample size and the population of interest in this research study..........................4 REFERENCES................................................................................................................................6
INTRODUCTION Assessment Intended research topic and rationale for choosing this topic. Topic-To assess the impact of online media marketing on the sales performance of companies operating in UK retail segment: A study on Tesco Rationale In today's changing world, social media marketing plays an important role in enhancing the sales performance of an organization and highly influences the market share of the companies. The main reason behind studying this topic is that as social platforms are counted as current and future medium through which an entity can increase its revenue and the profit margins so it becomes important for the researcher to understand and analyse the role of digital marketing in boosting the sales and customer base of the firm (Palinkas and et.al., 2015). In order to attain competitive edge and leading position in the overall market it is important for the firm to promote its products and services on the online websites where it could connect with large number of customers and can increase the awareness in relation to its brand which in helps the organization in increasing its sales with higher profitability. Relevant area of the marketing management and the reason for choosing that area. The area of marketing management within this research study focuses on customer relationship management where Tesco will be developing various strategies and the tools for the purpose of the maintaining healthy relationship with its potential customers. For improving its sales performance, it is very important for an enterprise to ensure that its customers remain satisfied with the products and he services offered by it and this in turn results in more and more customer retention. If an existing customer is satisfied, then it will bring more new customers along with him so customer relationship management is crucial for Tesco in order to meet the need and the expectations of the customers. The reason besides emphasizing on CRM is mainly for satisfying the customers and retaining them for the longer period so that higher sales could be attained. It is considered as the strongest approach that enables the firm in maintaining stronger relationship and creating personal bonding with large number of people (Johnston,2017). It also assists in strengthening the performance of the company as it is the cost effective technique which leads an entity to gain 1
larger customer base with very less resources and manual work. Dealing efficiently with the customers increases their satisfaction which ultimately results in getting more and more business to Tesco so that its profit and the turnover increases which leads the organization towards growing success in the overall market. Discussion regarding the model or the principle that is useful in relation to the research topic. Tesco will opt for the social staircase model which is considered as the most useful model relating to the online media marketing as it defines 4 major principles that should be adopted by the firm for improving its sales performance that includes strategy, presence, tools and conversation (ten Ham-Baloyi and Jordan, 2016). The first and foremost step of this model is to establish an effective strategy that will support the organization in striving for achieving their goals and vision. The next step of thismodel is presence which states the company about the value to be provided and in defining the target audience. Thereafter, detailed analysis regarding the tool that will be used by the company for communicating its brand values. It acts as the major aspect and is very critical for the firm which relates to the choosing of the medium or the online websites that will be used by the firms for promoting its products globally so that it could capture higher market share with existing and new customers (Social Media Models,2018). The last step of this model is conversation where the company will be defining the set of the viral social spirals and in initiating the conversation with larger customers so that in turn more people could be attracted with appropriate interaction. Thoughts about formulating the project proposal that will act as the base for further dissertation project 886 Project proposal is referred as the document which is been used for convincing the sponsor about the project that requires to kicked-off for the purpose of solving a specific business problem or the opportunity (McCusker and Gunaydin, 2015). It will be describing the depth that in what way the project is to be commenced so that sponsor could create a better understanding about the topic and the methodology that will be used by the scholar for making its study more useful. Furthermore, the dissertation of this research proposal will be based on the aims and the objectives that are as follows- Aim To investigate influence of the digital marketing on revenue of UK retail segment: A study on Tesco 2
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Objectives ï‚·To analyse the trend of the social media marketing in respect of UK retail sector ï‚·To identify the benefits of online media marketing on retail business of the UK ï‚·To recommend the strategies in relation to digital marketing which could be used by Tesco for increasing its sales ï‚·To determine the relationship in between the online marketing and the performance of Tesco Thus, these aims and objectives are the key points that are to be assessed by an investigator as it plays a major role in developing the meaningful research report regarding the social media marketing. Suggesting provisional primary research question Demographic information Name: Age: Gender: Income: 1. Do you think that social media marketing helps in developing the awareness regarding your products and services? a) Yes () b) No () 2. According to you which is the most effective social media website from the following? a) Facebook () b) Instagram () c) Twitter () 3. Do you think social media influences the buying behaviour of the consumers? a) Yes () b) No () 4. Do you think social media marketing is the best medium for promoting your products and services? a) Yes () b) No () 3
5. Whether digital marketing has resulted a growth and development in the business of Tesco ? a) Agree () b) Strongly agree () c) Neither agree nor disagree () d) Disagree () e) Strongly disagree () 6. Do you think that online marketing is the effective strategy for attaining success? a) Yes () b) No () 7. Does online media marketing helps in improving the sales performance of an organization? a) Yes () b) No () 8. Any recommendations relating to social media marketing? Suggesting the research approach that best suits to the research topic The nature of this research report is qualitative as it involves assessment of the qualitative characteristics and not the numerical data (Bryman,2017). It is the most suitable method for analysing the perception and the behaviour of the target audience in respect of the social media marketing. Qualitative research provides for the depth and the detailed analysis with appropriate ranking by recording the feelings, attitudes and the behaviour. It helps in creating openness by encouraging the people for expanding their responses so that useful conclusions could be generated. In accordance with this research study, an investigator will be using inductive approach which begins with observations and ends at the research process resulting as the observation. It is the approach that aims at generating meanings from data for the purpose of determining the relationship and the patterns for building up the theory. Inductive reasoning is been made on the basis of developing the learning from the experiences for reaching to adequate conclusions. What will be sample size and the population of interest in this research study Sampling is the practice that is been used for making statistical analysis within which the predetermined no. of the observations are been taken from the larger population. Sampling can be done by using two methods that includes simple random sampling and purposive sampling. Random sampling refers to the probabilistic sampling tool that where each and every line item in 4
the entire population is been given an equal chance of getting selected. However, purposive sampling refers to the non-probabilistic tool where sample is been selected on the basis of characteristics of the population and the objectives of study (Drake,Rancilio and Stafford, 2017). It does not give equal chance to the population of getting selected so chances of errors and bias are more in purposive sampling. In relation to this study, random sampling will be adopted by the scholar as it eliminates the chances of errors and avoids biased nature in the report. Sample of 10 managers of Tesco eill eb taken by the researcher for making the study more reliable and useful. Data will be gathered through primary and secondary sources by structuring the questionnaire and making it filled by the managers and through the use of books, journals, articles and internet. 5
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REFERENCES Books and Journals Bryman, A., 2017. Quantitative and qualitative research: further reflections on their integration. InMixing methods: Qualitative and quantitative research(pp. 57-78). Routledge. Drake, B. F., Rancilio, D. M. and Stafford, J. D., 2017. Research methods. InPublic Health Research Methods for Partnerships and Practice(pp. 174-187). Routledge. Johnston,M.P.,2017.Secondarydataanalysis:Amethodofwhichthetimehas come.Qualitative and quantitative methods in libraries.3(3). pp.619-626. McCusker, K. and Gunaydin, S., 2015. Research using qualitative, quantitative or mixed methods and choice based on the research.Perfusion.30(7). pp.537-542. Palinkas, L. A. and et.al., 2015. Purposeful sampling for qualitative data collection and analysis in mixed method implementation research.Administration and policy in mental health and mental health services research.42(5). pp.533-544 Tang, A. K., Lai, K. H. and Cheng, T. C. E., 2016. A multi-research-method approach to studyingenvironmentalsustainabilityinretailoperations.InternationalJournalof Production Economics.171. pp.394-404. tenHam-Baloyi,W.andJordan,P.,2016.Systematicreviewasaresearchmethodin postgraduate nursing education.health sa gesondheid.21(1). pp.120-128. Online Social Media Models.2018. [Online]. Available through : <https://www.ronnestam.com/3- models-guide-your-brand-succesful-social-media-strategy/>. 6