RESEARCH ASSIGNMENT

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School

Trent University *

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Course

2080H

Subject

Marketing

Date

Apr 3, 2024

Type

docx

Pages

9

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RESEARCH ASSIGNMENT ADMN 2080H I have chosen this “Customer satisfaction and feedback” topic for my survey. Companies may discover areas where they thrive and places where they fall short by measuring client satisfaction and feedback. This information may assist businesses in making educated decisions and taking action to enhance their goods, services, and overall performance. Consumers that are satisfied are more likely to become loyal consumers. A corporation may customise its offers and services to develop deeper, long-term connections with its client base by knowing the elements that lead to customer satisfaction. Customer satisfaction research allows businesses to compare their performance to that of their competitors. It enables them to find areas where they may outperform competitors and achieve a market competitive edge. Customer feedback may give useful insights for product and service improvement. Companies can utilise this data to develop or improve solutions that better fit the requirements and preferences of their customers. Research assists organisations in determining where they stand in the market in terms of customer satisfaction and how their target audience perceives them. This data is critical for branding and positioning efforts. Customer feedback can help steer product development initiatives. Companies may modify their offers to better fit the requirements and expectations of their customers, boosting their chances of market success. Companies may make educated decisions regarding pricing strategies and revenue optimisation by knowing what consumers are ready to pay and what they consider a fair price for products or services. Customer feedback insights may
help organisations interact successfully with their target audience and create a compelling value offer. According to the lecture that good question involves 5 points: Be clear , neither to broad nor to narrow, may knowledgeable , related to theory, should be researchable And I would like to do this questionnaire on this topic. “Help us improve.” The question "Help us improve" can be used in market research to gather input from consumers, potential customers, or the target market. To collect client feedback for the goal of ongoing improvement. To improve the customer experience, emphasise that the organisation cherishes customer feedback. Understanding how to improve customer service, support, or user experience. Market positioning is the process of gathering feedback on how to better position a company or brand in the market. Trying to figure out how to outperform competition. The method used for this question . A quantitative approach to research is a systematic and structured method of data collecting and analysis that draws objective findings from numerical data and statistical methodologies. This method is frequently used to address research concerns that need measurement, quantification, and statistical validation. A quantitative study starts with a clear research aim or hypothesis that can be investigated and assessed with numerical data.
Quantitative: Include rating scale inquiries to assess client satisfaction and particular components of the product or service. For example, you may ask consumers to assess their happiness with various areas on a scale of 1 to 5. Open-Ended Question: An open-ended question is a form of question that is commonly used in surveys, interviews, and research to allow respondents to offer a full and unfettered response in their own words. Unlike closed-ended questions, which provide a set of pre-set answer alternatives (e.g., multiple-choice or yes/no questions), open-ended questions do not. They elicit lengthy and complete replies, offering richer and more nuanced insights into the respondent's point of view. Respondents can express their views and ideas without being constrained by established answer selections, allowing for a wide range of surprising replies. Research Design Section : Surveys are an effective tool for gathering input from a big and diverse set of respondents. This is extremely useful for gathering feedback from many customers or stakeholders. Surveys guarantee that each responder is asked the same set of queries, which is necessary for standardised data collecting and analysis. It enables accurate comparisons and analyses of trends. Surveys are an effective way to acquire a significant amount of data. The obtained data is quite simple to analyse, making it useful for decision-making and growth strategy. Surveys give a standardised framework for gathering feedback in a methodical manner. This organisation assists in the identification of trends, issues of concern, and chances for improvement. Surveys are less expensive than other approaches such as in-depth focus groups and interviews. Charts, graphs, and tables can be used to visualise and present survey data, making it simpler to explain findings to stakeholders. The survey approach is ideal for this since it enables systematic
data collecting, analysis, and the creation of actionable insights for change. It also shows your dedication to customer or stakeholder satisfaction and constant improvement of their experience. In the framework of my research on "Help Us Improve," let us develop an example of independent and dependent variables. Independent Variable: Number of Improvement Suggestions (NIS) Dependent Variable: Customer Satisfaction Rating (CSR) Relationship Between Variables: As the percentage of improvement suggestions (NIS) supplied by consumers grows, so will the customer satisfaction rating (CSR). In other words, if consumers make more ideas for improvement, their overall happiness with a given good or service is likely to improve. If I receive many improvement ideas, it indicates that "Help Us Improve" feedback mechanism is being used actively by consumers. As a result, their customer satisfaction ratings are likely to be higher showing a favourable association. This fictitious connection shows how an increase in the number of improvement ideas (independent variable) is related to improved customer satisfaction ratings (dependent variable). This type of study can assist you in understanding the influence of customer comments and ideas on overall satisfaction, offering useful insights for future development efforts. To put my survey's independent variable (number of improvement suggestions) and dependent variable (customer satisfaction rating) into action.
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