Friday, April 30, 2010

A look back at TMRE 2009: Lessons from the White House from Joel Benenson

The Market Research Event 2010 is taking place this November 8-10, 2010 in San Diego, California. Every Friday leading up to the event, we'll be recapping one session from The Market Research Event 2009.

Lessons from the White House: Stories From Obama’s Lead Pollster & Strategist
Joel Benenson, Lead Pollster & Senior Strategist, The Obama Administration

What does a politics pollster know about market research’s issues? While looking at the agenda, he saw a session doing with inspired performance, and it’s contending with a session on online communities, as well as building a teen brand, and finally one about leveraging knowledge to prepare for and outwit the competitors. For nearly a century that campaign teams have understood political marketing and how it combines with brand marketing.

In a world of politics, they’re driving by a world that corporate don’t embrace, and they have one measure of success that’s determined on one day. They win or lose. And they’re driving by competition, and they face competitors.

YouTube didn’t exist when Bill Clinton left office, and now consumers can post a video about whoever they want whenever the want. George Allen’s senate race campaign was crippled by a handheld camera taken by an intern in his party. 27million people watch a speech by Obama in February of 2007. This technology creates turbulence that’s new.

Creates
-Risk takers
-Challenge convention thinking
-Embracing heated debates to get to the right strategy

If you’re a pollster and want to have an impact in the debates, you must be there to tell them where the numbers are coming from and why. What are their underlying attitudes that make them determine why voters are voting for a certain politician.

There would not have been a campaign if Obama wasn’t willing to challenge the conventional thinking of the time. In politics you’re never as smart as you look when you win, and you’re never as dumb as you look when you lose. You have to be willing to take the loses, and continue to be daring to keep winning.

Beninson realized that any democrat would be change from Bush. They had to make it so that the only way there was change would be if Barack Obama was the change. They set out to define Clinton’s experience as irrelevant.

What they wanted to do to define change with Obama as the answer . They could gain more quickly and convince voters that they represented change, than trying to convince with democrats that they could compete with Hillary on experience. This set up a template. They defined a change that they could believe in. People were hungry in America, and they wanted to end partisan conflicts, and they wanted a president that they could believe in. A speech in November 2007 in Iowa set up a situation where the candidates had to give a speech. There were no teleprompters, they made an ad of this speech, this message shared the campaign where Obama wanted to create a unified America. Next in South Carolina, and they were holding back.

They took this ad and put it in front of focus groups for African Americans in South America, then it lead to the backing of Obama by African Americans in South Carolina. Campaigns are all about the delegates. The delegate gain is very complex. They have to go down to the congressional districts. Strategy for the Obama campaign was to build up a delegate lead for Obama. On February 5, 2009, the critical day in California, they’d be targeting specific congressional districts. On February 18, 2009, there was a caucus in Idaho. In the last week, they had to decide where to send Obama? They took the risk and sent Obama to Idaho on February 1. There were 14,000 people lined up to see Obama speak at the Boise State arena. They focused their efforts in Idaho. Clinton got a predictive win in California, and she did win, but by marginally less. They neutralized Clinton’s gains in California with Obama’s huge gain in Idaho.

From this, Beninson stated that it’s not about knowing who your customers are, you must understand who your valuable consumers are. You should spend your dollars on them so that profitability is high when they spend their dollars.

The public wanted someone who was strong and steady in the crisis, so when John McCain wanted to cancel the debate the week the stock market crashed, Obama wanted to continue on with the debate because the commander and chief must be able to multitask.

So today, where are we? Obama won by 50% in the popular vote, which hadn’t been done in a long time. Today, Obama’s approval ratings are high, as well as confidence, which is important. He’s also dealing with education, health care and energy.

Parallels between polling and market research client on marketing side: if you’re a researcher on a client side, how can you be more strategic player. Maybe you’re asking yourself the wrong questions.

Clients with strategic research partners should wonder why they aren’t hiring them. How does your organization react when someone comes up with an out of the box solution. What kind of constraints are you placing on thoughts and ideas? You have to breakthrough unfamiliarity. Take a leap, do something different. How many risks have you taken with the data you have in front of you.

Have you let science restrict your creativity? Vendors sell things to people, strategic partners bring something to the table that no one else can. Do you need to reevaluate what you’re addressing your services as?





Thursday, April 29, 2010

Call for Presenters: Future Trends 2010

INDUSTRY ALERT: OFFICIAL CALL FOR PRESENTERS
The Institute for International Research (IIR) presents:
FUTURE TRENDS 2010

From: Jennifer Finer
Re: Future Trends 2010
Event Date: October 18-20, 2010
Location: Eden Roc, Miami, FL

Feed your mind. Build the future
Due to the high volume of submissions, we suggest you submit your proposal early and no later than Friday, May 7, 2010 to Jennifer Finer, Event Director at jfiner@iirusa.com or call 1-646-895-7335.

This is your opportunity to join the most forward-thinking minds in the world.
Future Trends is the annual gathering of futurists, content experts, corporate visionaries, trendsetters, market researchers, product developers, innovation practitioners, insights professionals and revolutionaries to discover and uncover the trends that matter most to you, your business and society.

This event is a catalyst for attendees to embrace trends and incorporate them into business plans, track the top trends that will affect us most, measure the impact of trends, and make trends actionable- from strategy to design to product development.

Speakers receive FREE admission to the conference as well as any pre-conference activity such as workshops or symposium.

To find out more about the topics at the event, view the full Call for Papers here:
http://bit.ly/csULb6





Wednesday, April 28, 2010

Market research in the publishing industry

The publishing industry, a major industry on its own, looks at market research differently than many other industries. The decisions of this industry can't be changed or altered once a final product of theirs is done. They produce many more items a year than many other industries, and often on much smaller margins. Rachelle Gardener recently took a look at this on her blog.

Instead, their market research is done for them. Publishers looking to do market research in their field simply have to look at pop culture and trends, and note what is most desired by their readers.

She concludes the article with a quote from Mark Cubin:
"The best way to predict the future is to invent it."

Are you monitoring trends in addition to market research to develop your new products? How important is it to develop something that reaches far beyond what your consumers are asking for in market research?





Thursday, April 22, 2010

How can eBay help your research?

In a recent article at MJLComputer.com, they look at eBay as a valuable tool for market research. The website Pulse.Ebay.com looks at the current trending topics on eBay. This can be benficial to sellers who are looking to appeal to consumers tastes. Since eBay is a market place that is open 24 hours a day, it's appeal to the market and ability to show current desires is huge.

What do you think? Do you see eBay Pulse as a valuable tool?





Tuesday, April 20, 2010

Free Web Seminar - The Analytical Revolution: are you ready?

Date/Time: Thu, May 6, 2010 2:00 PM - 3:00 PM EDT
Register: https://www1.gotomeeting.com/register/149414392
Mention priority code MWS0032BLOG

What if you could change the game and become and insight partner to your end clients? You can with IBM SPSS solutions. Today’s market research firms are uniquely equipped to provide their business clients with what they need – an in-depth, well-rounded understanding of their customers. By using predictive analytics, market research firms are not only able to conduct research, but also revolutionize their relationship with clients by taking insight to the next level

During this presentation we will examine:

• Integrating research with wider data sources to give a wider view to empower business decisions
• How you can let the data do the talking and provide valuable nuggets of insight
• How Predictive Analytics can be applied across the entire research lifecycle to provide further speed and accuracy in responses and results.

Featured Speaker
Heena Jethwa, Product Marketing Manager
SPSS Inc., an IBM Company

Register: https://www1.gotomeeting.com/register/149414392





Friday, April 16, 2010

A look back at TMRE 2009:Innovation & Growth: Cultivating the Game Changers

The Market Research Event 2010 is taking place this November 8-10, 2010 in San Diego, California. Every Friday leading up to the event, we'll be recapping one session from The Market Research Event 2009.

Presenter: Ram Charam, Author of Leadership in Times of Economic Uncertainty & Co-Author The Game Changers

Here are a few takeaways from his informative presentation.

Ram Charam begins his keynote session by asking the question “Why do 90% of accountants not turn into CFOs? Most accountants can’t make the linkage to the outside business and do not see the connections. There are many CFOs who do not have an accounting degree, but they are able to see the bigger picture.
Innovation is different from invention. Invention is the generation of an idea. Innovation, though, is conversion of an idea into money making. That is the viewpoint of a CEO.

Innovators must follow business acumen
1. Will this idea engage more revenues or acceleration of revenues
2. Will it accelerate profit margin and growth margin
3. Will it enhance the brand

How do you convert insights into revenue into margins? Ram Charam takes a look at the iPod which has no new technology in it. Brands also need people to view and see their social responsibility.





Friday, April 9, 2010

A look back at TMRE 2009: Why quality doesn't matter A report on the terminal illness of Survey Research

The Market Research Event 2010 is taking place this November 8-10, 2010 in San Diego, California. Every Friday leading up to the event, we'll be recapping one session from The Market Research Event 2009.

TMRE General Session: Why quality doesn't matter A report on the terminal illness of Survey Research

Why quality doesn't matter A report on the terminal illness of Survey Research
Stan Sthanunathan, Vice President , Marketing Strategy & Insights, The Coca-Cola Company

Stan is presented us with two vital slides. As different people have different styles, and he doesn’t want to offend anyone.

Vital slide #1: Why quality doesn’t matter. You must think about the future. If you don’t have quality, don’t come to the party. This is the reason why quality should matter, but it shouldn’t be the only thing.

Vital Slide #2: It’s beyond quality. What’s the next frontier? This slide could be considered less offensive than the first.

85% of research leaders indicated that they are either ”Neutral of dissatisfied with the impact of marketing research in their company. How can we take respondent engagement to the next level?

Is only debate getting us in the way we focusing on urgent versus important. We probably spend a disproportioninate amount of time on the urgent as opposed to the important. There is hope for the industry going forward, the question is is innovation happening at the pace its suppose to happen?

It’s about helping the company to change shape. Not following the change as quickly as possible. Leaders create change. Followers follow change. Our role as leaders and market researchers is to light the way, and show a beacon of hope for what can change in the future. End user expectations bring value to the table.

Expectations are changing quite dramatically. Going forward, we must put money behind research, innovation, and technology changes that accelerate change. We need to think about how we can bring dramatic changes to the world of our research? How can we use technology to do so?

What’s blocking our way for innovation?
We can’t agree on the definition of insight in the industry.
We don’t ‘know what we don’t know, and we don’t know how to know what we don’t know.

What will our final frontier look like?
The speaker can’t predict the future, but Facebook will become the insight provider for the world. There are 300 million individual users, each have given an extensive amount of personal detail. So we can get a great understanding of human conditions. It’s the best source in the world for information on the human behavior. What is your loyal fan base thinking about your product? What do they do, when do they enjoy coke; all can be found if used Facebook correctly. They’re consumers who love your brand.

Here’s what a company needs from clients and research agencies.
-creative problem solvers,
-Story tellers
-Disruptive thinker
-Visionaries
-Act before the change comes to shape change
-Imagine the world where date becomes a commodity
-Agencies are rewarded for business results delivered.

Focus on: outcomes, inspiring change and creating the future





Thursday, April 8, 2010

Free Web Seminar - How SimplexGrinnell Increased Customer Advocacy by over 200%: Moving Beyond NPS Metrics

Often companies are focused entirely on satisfaction scores which are only the first step in truly understanding customer satisfaction. In order to respond to customer feedback, and increase satisfaction you must understand the meaning behind the score to be able to anticipate customer needs.

Join us to hear how SimplexGrinnell developed a process not only to measure the quality of customer relationships, but also to take action to exceed customer expectations.

Speakers:
Karl Sharicz, Manager of Customer Intelligence, SimplexGrinnell
Bill Herald PhD, Research Consultant, MarketTools

Register here
Mention priority code MWS0033BLOG





Tuesday, April 6, 2010

The importance of qualitative research

At eBusiness, they recently looked at the importance of qualitative research in international markets. While the survey method is most frequently used to collect data, in many situations, qualitative data may provide more insight and better aid decisions.

This article focuses on these specific techniques for qualitative data collection:
1. Observational and quasi-observational techniques
2. Projective techniques
3. In-depth interviews

Read the full article here.





Monday, April 5, 2010

Cluster analysis for segmentation

Segmentation is key to successful marketing. Mineful looks at the importance of segmentation, and how it should put you in touch with your customers. After dividing up segments, each ones should be: measurable, relevant, accessible, distinguishable and feasible. When using cluster analysis is used, some of the parameters include:

  • Behavioral parameters
  • Attitudinal parameters
  • Psychographic variables
  • Demographic data
Read the full article here.





Friday, April 2, 2010

A look back at TMRE 2009: Interview with Communispace CEO Diane Hessan

The Market Research Event 2010 is taking place this November 8-10, 2010 in San Diego, California. Every Friday leading up to the event, we'll be recapping one session from The Market Research Event 2009.


Interview with Communispace CEO Diane Hessan

We were able to catch Diane Hessan, CEO of Communispace, and ask her some questions about some of Communispace’s new research initiatives and what lies ahead for market researchers of tomorrow. Take a couple of minutes to view the video below. Enjoy!