Principles of Marketing
Marketing Environment and Research

Overview

The marketing environment comprises forces—internal and external—that influence a firm’s ability to serve customers. Marketing research systematically collects, analyzes, and interprets data about this environment to support evidence‑based decisions.

Key Concepts

Step‑by‑Step Example

Scenario: A grocery app sees declining orders from Gen Z users. Design a research plan to uncover causes.

  1. Problem Definition: Why is Gen Z monthly order frequency down 18 %?
  2. Research Plan: Mixed‑method—online survey + TikTok focus groups.
  3. Data Collection:
    • Survey 400 Gen Z customers (probability sample) on price sensitivity and UX pain points.
    • Conduct 3 virtual focus groups to probe attitudes toward competitor apps.
  4. Analysis: Regression shows delivery fee elasticity is –2.1; thematic coding of focus groups highlights desire for carbon‑neutral delivery.
  5. Report: Recommend student‑discount fee tier and carbon offset badge to regain share.

Quick Tip

Triangulate insights—combine quantitative surveys for “what” and qualitative interviews for “why” to build richer strategies.