As a market research professional
you are involved in identifying and solving problems, pitching of proposals to
various institutions and much more.
The first thing you are advised
is to split your research into two different divisions, named as primary and
secondary research. Primary research involves you getting down to the ground
and analyzing the problem right from scratch. But on the other hand research
done by gathering readily available information from sources like government
records, print and digital media is called a secondary research, also known as Desk
research.
So now a question arises, we
do all the work from base to apex in a primary research and come up with possible
insights and solutions, then why do we need a secondary research?
Secondary research helps us
to have an early understanding of the market or the industry.The availability
of data is in abundance, for example a government record would cover a larger
spectrum of issues. The time involved in conducting this research is less and
is also very cost efficient. Data collected from secondary research helps you
identify the effectiveness of your primary research. But also, care should be
taken to distinguish secondary research from primary that uses raw data
sources. So if this method of research is filled with all these perks, does it
mean that we can forgo primary research? The answer to that question is a big
NO! Like a coin having two sides, the disadvantages are also to be taken into
account. The data sometimes lacks consistency of perspective and becomes
obnoxious, the biases and inaccuracy cannot be checked. Published statistics
often raise more questions than they can answer.
After analysing this method
of study briefly, imagine if a business study is given the form of a human
being, then the major organs would represent Primary Research. Desk Research
will be a representation of the Legs and Vertebra column which helps the entire
body to stand firmly. It acts as a morale support to the entire study. It is
like a sign board that directs you to the correct destination.
John Richard
PGP MR 2015-16
john.richard@northpointindia.com