Case Study
Individual cases are taken and a detailed study of each case is done. Advantages of Case Study Accurate data is provided There is detailed analysis Disadvantages of Case Study It is difficult to generalize. It consumes lot of time. Confidential and sensitive information may not be given. Interviewer bias is there.
Secondary Data – Meaning, its Advantages and Disadvantages
Secondary data is the data that have been already collected by and readily available from other sources. Such data are cheaper and more quickly obtainable than the primary data and also may be available when primary data can not be obtained at all. Advantages of Secondary data It is economical. It saves efforts and expenses. […]
Product Management vs Brand Management
Often, people get confused with the concepts of brand management versus product management. They tend to think that both are the same since they deal with a specific product being marketed and hence managed from incubation to sales. However, there are crucial differences in the way product managers and brand managers operate. For instance, brand […]
Classification of Advertising
Advertising is the promotion of a company’s products and services though different mediums to increase the sales of the product and services. It works by making the customer aware of the product and by focusing on customer’s need to buy the product. Globally, advertising has become an essential part of the corporate world. Therefore, companies […]
Cutting Costs Strategically
The business environment today has become extremely competitive. Companies are not only facing competition from their local competitors but also from global ones. Different economic and geopolitical factors make global supply chains necessary. The problem with having global supply chains is that operations become broad and complex. It is much easier to manage operations located […]
Field Research deals with creation and collection of actual and authentic information by field of operation in any organization.
The process involves determining what precise data is necessary and from where this information needs to be obtained. After determining this information the data is actually gathered. Thus this research technique is treated as the primary research approach because the determined data is specific to the purpose of gathering that data.
Field research is generally performed in person, telephonic or by electronic media like teleconferencing, web-meetings and emails.
Many of the big organizations involve outside vendors or companies to perform this task which they usually refer as outsourcing, but small organizations or new companies do this themselves by involving their internal resources.
The outsourcing depends on the type and amount of information to be gathered in the research. If the required data is less and limited to some small and specific modules then big organization also prefer to do this task in-house.
Field research is expensive and involves more and experienced resources as compared to desk research which is not as accurate as field research.
Being expensive it is required to perform the research in efficient manner and obtain or determine only specific information and answer only particular questions as irrelevant data is a waste and will be of no use for further research processes.
The following are the importance sources for field research:
There are many other less prominent sources like interviews, trade shows, and promotional programs etc. and much of the relevant information could be gathered from these sources as well. All the information gathered from the above sources is then manipulated and segmented.
As in field research most of the information is relevant as it is actually gathered for a particular purpose, so regular round of work around on the data is not required.
After validating the information it is then fetched into the CRM system and is converted into intelligent data which can be accessed on real time.
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