The prevalence and usefulness of market research: an empirical investigation into ‘background’ versus ‘decision’ research

Using information effectively has become a critical determinant for gaining competitive advantage and enhancing business performance.
   

The prevalence and usefulness of market research - an empirical investigation into 'background' versus 'decision' research

Raguragavan Ganeshasundaram and Nadine HenleyEdith Cowan University, Joondalup, Australia

INTRODUCTION

Much of the lite 1998; Li & Calantone 1998; Yeoh 2000) go so far as to say that the growth and even survival of today's business entities will depend on their strategies for handling and processing information. However, information acquired by decision makers will have little impact on company performance if it is not actually put to use in the making of decisions (Fletcher & Wheeler 1989). Given that much of the same information is available to competing firms at the same time, it is likely that a key source of competitive advantage lies in the purpose for which the information was collected and how this information is used, rather than in who does or does not have it (Sinkula & Hampton 1988; Zaltman & Moorman 1988).

Email:

WARC subscribers can sign in to keep reading

Not a subscriber?

WARC helps you to plan, create and deliver more effective marketing

  • Prove your case and back-up your idea

  • Get expert guidance on strategic challenges

  • Tackle current and emerging marketing themes

WARC consistently delivers valuable insights that help to make me look like an expert in front of my colleagues and clients.

Dasha Boryso
Strategy Partner, Fetch

You’re in good company

We work with 80% of Forbes' most valuable brands* and 80% of the world's top top-of-the-class agencies.

* Top 10 brands