What are the most relevant growth drivers for marketing
research for Egypt air? 1-The global airlines market experienced good growth during the past five years and is expected to reach an estimated $832.8 billion in 2020. Increasing demand from emerging economies, continuous demand for new low-cost carriers, deregulation, and rising middle class are factors driving growth in Airline markets such as Asia and the Middle East. 2-Progressive liberalization of traffic rights has supported growth but led to highly fragmented industry structure. 3-Restrictive national ownership and control rules stand in the way of necessary restructuring and international consolidation. 4-Airlines unable to fully access international capital markets. 5-Global economic growth will shape future aviation. 6-Intensely competitive industry continues to drive innovation. Middle Eastern carriers such as Emirates and Qatar Airways on the rise and are expanding globally. 7-European airlines hit by increased competition and overcapacity. 8-Premium cabins generate 27% of total international passenger revenue. customers are Continuously looking for better seat comfort, cabin ambience, inflight entertainment, food and beverage, cabin crew, customer service. 9-Airline Market Research can provide: Data, Information, Insight, Innovations, Intelligence, Action Plans, Strategies and Recommendations - Market Research is always the answer. 2. What is the value added of marketing research for Egypt air? 1-Airline Market Research can provide: Data, Information, Insight, Innovations, Intelligence, Action Plans, Strategies and Recommendations. Uncover Qualitative insights to understand meaningful factors and context. Observe and storyboard new ideas and themes. 2- Gain an ability to categorize and map brand awareness – for greater insight into customers’ unmet and met needs. 3-Surveys allow you to gain an increased understanding of: Customer needs (met and unmet), Customer segmentation, Existing product offerings vs. its top competitors’ offerings, Your product gaps vs. competitors and Identification and preliminary analysis of your potential product differentiation 4- Strategic market analysis can achieve the following: Understand the gaps in your current knowledge, Periodically, deliver track reports based on your needs, Analyze your current position in the market, Test future scenarios and decision impacts
3. Please conduct a marketing research needs assessment for
Egypt air in this case in terms of capacity, availability, resources, timing, cost-benefit analysis 1- Capacity: MR can conduct focus groups with consumers to understand their low level of awareness of the airline and to understand why they do or do not consider a destination or choose your airline./*/MR can conduct an “attitudes and usage” quantitative study to quantify consumers’ choices in the selection of destinations and their choice of airlines /*/MR can uncover what airlines customers recommend and why. Why they do not recommend Egypt air or other airlines? 2-availability: surveys are usually conducted on airplanes or at airports. Questionnaires can be completed by the interviewer or the interviewee. and the internal data and records of the company are very useful 3- resources: primary data & secondary data secondary data: internal sources like customer services & booking services. External sources like customers, web, reports 4-Timing: A typical market research project takes six-seven weeks. This is pretty standard for a small project, say 10-30 in-depth interviews or 4-8 focus groups. Larger projects take longer, of course. 5-Cost-benefit analysis: Medium Market Research project costs around 20K $ and the result will be millions of revenues.
4. How can you configure conducting the marketing research
process as encoding, application, and decoding stage? Encoding: 1-Defining of the Marketing Research Problem/Opportunity 2-Formulating Marketing Research Hypotheses/Questions Application:1-Selecting a Marketing Research Design 2-Sampling Plan and Design 3-Measurement, Scaling and Data Collection 4-Data Preparation Decoding: 1-Data Analysis and Interpretation 2-Preparation and Presentation of the Final Marketing Research Report. 5.What are the kinds of marketing research utilization that can result from this case? 1- Instrumental Utilization: The direct, straightforward utilization of marketing research to achieve its original and disclosed purposes. 2- Conceptual Utilization: The strategic, long-term and learning-oriented use of marketing research to gain attitudes, knowledge and skills that are useful beyond the current project. 3- Symbolic Utilization: The implicit use of marketing research to achieve undisclosed political agenda. *outside the book question Should the marketing research be included in the marketing mix? Yes/No? Why? Market research should be included in the marketing budget, but it is not part of the marketing “mix” which usually refers to marketing implementation. Market research is an essential element when developing a marketing strategy as well as marketing tactics. Properly applied, research can inform what to say, how to say it, to which audience’s messages should be directed, as well as pricing and product configuration. Many companies under-spend on research, because it can be expensive, in the mistaken belief that the testing of tactics is effective. Or they think they know (based on instincts and anecdotal information) what consumers want. Research greatly speeds up the likelihood of success because research yields knowledge. As a friend of mine reminded me: if you think knowledge is expensive, you should try ignorance.