How social media influences consumers’ buying preferences - Research Proposal
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This research proposal aims to identify the influence of social media marketing on buying preferences and behaviour of consumers towards IKEA. It includes a literature review, methodology, and expected research outcomes.
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Table of Contents 1. INTRODUCTION......................................................................................................................3 Background/Context of the Research.....................................................................................3 Research Question..................................................................................................................3 Research Aims and Objectives...............................................................................................3 2. LITERATURE REVIEW...........................................................................................................4 Key papers..............................................................................................................................4 Conceptual framework...........................................................................................................5 3. METHODOLOGY....................................................................................................................6 Research Approach.................................................................................................................6 Research Strategy...................................................................................................................6 Methodology & Tools............................................................................................................6 Sampling Approach................................................................................................................7 Ethical Considerations............................................................................................................7 4. CONCLUSION...........................................................................................................................8 Limitations of Proposed Approach.........................................................................................8 Expected Research Outcomes................................................................................................8 REFERENCES................................................................................................................................9
1. INTRODUCTION Background/Context of the Research Title: How social media influences consumers’ buying preferences Consumer preference is defined as such subjective taste which is exerted by individual as customer. This is measured by the level of satisfaction gained by customers by the service or product purchased by them(Ioanas, 2020).This level of satisfaction is referred as utility and for each group of product and services buying preferences of customers is dependent upon customer buying behaviour. In the current time social media is regarded as one of the influential factor which is used by organisation to influence buying behaviour of their customers. As social media in current time is followed by mass audience andthis will assist the business to develop their edges and help them to acquire market image as well. Research Question What is the conceptual framework of social media marketing in context with IKEA? What is the influence of social media marketing in changing buying preferences and behaviour of consumers towards IKEA? Explain the benefits of changing buying preferences and behaviour of consumers for the profitability of IKEA? Research Aims and Objectives Aim: To identify the influence of social media marketing on buying preferences and behaviour of consumers’: A study on IKEA Objectives: To identify the conceptual framework of social media marketing in context with IKEA To determine the influence of social media marketing in changing buying preferences and behaviour of consumers towards IKEA To ascertain the benefits of changing buying preferences and behaviour of consumers for the profitability of IKEA
2. LITERATURE REVIEW Key papers What is the conceptual framework of social media marketing in context with IKEA? According toGodey and et. al., (2016),social media marketing is defined as such networks in which use of social media is promoted in order to market product or service of an organisation. Social media marketing is providing a way by which organisations may engage new customers in global manner and attain their aims and objectives. Social media marketing is the form in which internet is used and helps the organisation to promote their business offerings in market so that to reach out to their business goals and keep their customers engaged. In social media marketing prominent and appealing content is created which are regarded as actions which are taken in order to promote the same business offerings. What is the influence of social media marketing in changing buying preferencesand behaviour of consumers towards IKEA? According toStephen (2016),in the current time social media is a platform which is used by majority of customers as this is one of the emerging platform which is providing wide opportunities for the business to exhale and develop in global manner. In the current time disposable income of customers has increased which has given area to businesses for managing their scope in high manner. The class of current population is highly influenced from social aspects in which social media is playing vital role for the business to persuade their customers towards business offerings. In this manner by developing content over social media customer buying preferences can be changed as customer will get to know regarding product range and service quality of IKEA. Explain the benefits of changing buying preferences and behaviour of consumers for the profitability of IKEA? According toElena (2016),there are significant benefits of changing customer buying preference and behaviour in profitability of an organisation as businesses are working in order to reach out to maximum number of customers and to attain maximum profitability. In this manner with the help of changing buying preference and behaviour of customers IKEA may increase their profitability as they get power to involve more audience. With the help of positive buying behaviour sales can be promoted which leads the organisation to earn more profits and market
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sustainability as well. Changing buying behaviour of customer helps the business to develop similar behaviour in their customer which results in developing positive attitude. Conceptual framework The above mentioned conceptual framework explains that consumer buying behaviour is madeupoffourmajoraspectssuchasentertainment,familiarity,socialimagingand advertisement spending. By accumulating these four elements, consumer behaviour can be formed and understood which is helpful in developing the business offerings into the market and instigate the same in consumer decision making.
3. METHODOLOGY Research Approach Research approach is defined as such action plan which is used within research in order todeveloptheresearchinprominentandsystematicmanner.Therearevariousbroad assumptions which are taken under research approach so that to take differentiated steps within research. There are two major types of research approaches such as inductive and deductive. Under the current research inductive research approach will be followed so that to acquire research objectivesin appropriatemanner. Inductiveapproach is relatedwith developing relationships between concepts of research topic and different variables. This is regarded as one of the prominent aspect which is helpful in developing research outcomes in accurate manner. With the help of inductive research approach accurate decisions can be taken by researcher so that the same can be aligned with research objectives. Research Strategy Research strategy is regarded as such methods and tools which are used by researcher in order to gather related information within research topic. With the help of using effective research strategy researcher may execute the overall research in systematic and appropriate manner. At the same time quality can be consistently maintained with the help of effective research strategy(Heyvaert, Hannes and Onghena, 2016). There are different research strategy such as survey, focused group and many others that can be used by researcher in order to develop research and acquire prominent results as well. Under the current research survey research strategy will be followed and by this researcher may get assistance to gain accurate results within research topic. With the help of survey strategy overall information related with research topic can be gathered and this will provide accurate path to the research in attaining research objectives. Methodology & Tools Research methodologies are defined as such set of tools and tactics which can be used by researcher so that to gather authentic data and information within research. There are two types ofresearchmethodologiessuchasqualitativeandquantitative.Qualitativeresearch methodologies are related with gaining in-depth information regarding research topic whereas quantitative research methodologies are related with developing the research in statistical
manner.Under this research, quantitative research methodologies are followed so that to cover the research in statistical manner and include numerical informatics as well. Besides this, research tools are regarded as such activities which are used within research so that to analyse the information in organised manner. Under this method questionnaire will be used in which respondents are asked close ended questions.Questionnaire is considered as one of the prominent way in which statistical information can be gathered and accurate results can be attained. Sampling Approach Sampling is defined as the process under which small samples are exerted out of overall population and these samples are representing the whole population. There are two types of sampling methods that can be used by researcher in their course of action such as probabilistic and non-probabilistic sampling. Under the current research, probabilistic sampling will be used as this sampling method is associated with giving equal opportunities of selection to each and every respondent. Ethical Considerations Ethical considerations are such aspects which are used within research in order to develop the research in ethical manner(Alase, 2017). In order to attain objectives within current research, ethical barriers are required to be eliminated so that to develop the research. In this research informed consent is obtained from respondents so that to provide security and privacy measures to respondents. Besides this, data protection is the other ethical consideration which is used within the current research and this will provide access to the researcher in terms of attaining objectives.
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4. CONCLUSION Limitations of Proposed Approach The proposed research is executed on the basis of quantitative research methods in which statistical approach is followed. Quantitative research methods are associated with taking out numerical information so that research can be executed in numbering form. The major limitation ofthis approach is that high proficiency is needed in order to analyse the gathered data which may create issue for researcher in aligning the same with research project. Besides this, limited outcomes are exerted in quantitative research methods so that researcher could cover limited area. Expected Research Outcomes From the above analysis this is examined that social media marketing is regarded as one of the emerging concept which is used by businesses in order to promote their product and services into the global market. This is analysed that with the help of social networks the businesses in current age may develop their business and acquire larger base of customer which may result them in earning higher sustainability and profitability. In the current digital age social media marketing is the concept which is used by businesses to promote their products and by customers to understand quality of various business offerings.
REFERENCES Books and journals Alase, A., 2017. The interpretative phenomenological analysis (IPA): A guide to a good qualitative research approach.International Journal of Education and Literacy Studies. 5(2). pp.9-19. Elena, C.A., 2016. Social media–a strategy in developing customer relationship management. Procedia Economics and Finance,39, pp.785-790. Godey and et. al., 2016. Social media marketing efforts of luxury brands: Influence on brand equity and consumer behavior.Journal of business research.69(12). pp.5833-5841. Heyvaert, M., Hannes, K. and Onghena, P., 2016.Using mixed methods research synthesis for literature reviews: the mixed methods research synthesis approach(Vol. 4). Sage Publications. Ioanas, E., 2020. Social media and its impact on consumers behavior.Jurnal Analisa Kesehatan. 1(1). pp.1-1. Stephen,A.T.,2016.Theroleofdigitalandsocialmediamarketinginconsumer behavior.Current opinión in Psychology,10, pp.17-21.