International Marketing - Interactive Syllabus

Week 6 - International Market Research

The basic objective of the global marketing research function is to provide management with relevant information for more accurate decision-making. The objective is the same for both domestic and global marketing. However, global marketing is more complex because of the difficulty of gathering information about multiple and different foreign environments.

In this chapter, special attention has been given to the information collection process and the use of marketing information. This coverage is far from being exhaustive, and the reader should consult marketing research textbooks for specific details related to particular research topics.

An international marketer should initiate research by searching first for any relevant secondary data. Typically a great deal of information is already available, and the researcher needs to know how to identify and locate the international sources of secondary data.

If it is necessary to gather primary data the international marketer should be aware that it is simply not possible to replicate elsewhere the methodology used in one country. Some adaptation of the research method to different countries is usually necessary.

The firm should set up a decision support system or an international market information system (MIS) to handle the gathered information efficiently. This system should integrate all information inputs, both internal and external. In addition, an international MIS can support managers in their marketing decision-making by providing interlinkage and integration between functional departments or international divisions. However, in the final analysis, every international marketer should keep in mind that an information system is no substitute for sound judgment.