Qualitative & quantitative research
Qualitative research
Qualitative research is a category of market research based on the opinions, perceptions, views, and preferences of research participants. It creates detailed and non-numerical information. The results of are typically descriptive in nature and aim to reveal the preferences of the research subjects (participants).
Qualitative research is considered with discovering “why?” – why people do certain things, why they prefer one brand over another, or why they might like or dislike something. It enables market researchers to gather information that cannot be easily quantified.
Quantitative research
Quantitative research is a category of market research based on gathering numerical data and figures, i.e. quantifiable data. It enables researchers to determine trends, correlations and patterns, such the number of people prefer a particular brand. It focuses on collecting large amounts of data. Surveys (with closed questions) and observations allow for easy collation of quantitative data. It is normal for surveys to ask closed or multiple choice questions so that their results can easily be analysed. Secondary research methods such as government population statistics or market analysis reports are also appropriate sources of quantitative data.
Box 1 - A comparison of qualitative and quantitative research
Qualitative research | Quantitative research |
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All types of market research (primary, secondary, qualitative, or quantitative) come with their limitations. Poor quality input data (such as researcher bias or poorly worded survey questions) will result in inaccurate, unrepresentative, or misleading research results. Hence, time and resources need to be invested in market research to ensure it achieves the desired objectives.
Key concept - Ethics
“You may prove anything by figures” - Thomas Carlyle, Scottish writer (1795 - 1881)
Ethics can be described as the moral principles and values held by society.
Discuss the importance of ethics in the context of market research. In your response, consider how market research is designed and how the results are shared and presented, from an ethical perspective.
Business Management Toolkit (Descriptive statistics)
Discuss how the use of descriptive statistics can improve the presentation of market research findings.
Theory of Knowledge (TOK)
To what extent can we rely on statistical data collected to determine and justify business decision making?
Watch this short video to recap your understanding of quantitative and qualitative market research:
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