Elucidating the Truth in Market Research Through Emotion Analysis

The longer we do market research, the more convinced we are that respondents in our studies are telling us what they think sounds good and explains their behavior. But respondents may not have the ability to explain how and why they make decisions. As market-research practitioners, we’re convinced that our industry is too focused on analyzing what people say rather than identifying the affective or emotional responses that may really drive their behavior.

Topics: Market Research Strategy

Managing Brands in a Volatile Market: The Role of Market Research

In a recent survey of nearly 100 pharmaceutical and life science market research executives conducted by my company InCrowd, 80% identified their respective brand as being in a volatile market, characterized by disruption and uncertainty.

Topics: Market Research Strategy Pharmaceuticals Healthcare How To's

Fake News in a Real World: What It Means for Market Research

There is a famous New Yorker cartoon with one dog sitting in front of a desk-top computer telling another dog: “On the internet, nobody knows you’re a dog.”

It appeared in 1993.

And now 24 years later the problem of internet identity has moved from a punch line to the front lines of business, news, politics and commerce.

Topics: Market Research Strategy

Forecasting Methods to Use During Periods of Volatility & Disruption

The last decade has been filled with unexpected events, from the global financial crisis to Brexit to the election of President Donald Trump. The reputations of polling companies have taken a public beating, and data gathered from surveys, interviews, and focus groups may fall under increased scrutiny as a result.

Given the current climate of volatility, how can consumer insight professionals, research analysts, and marketers choose the right forecasting methods and make meaningful predictions with confidence?

Topics: Market Research Strategy How To's

4 Tips for Perfecting B2B Customer Satisfaction Research

Satisfaction surveys are rife. From hotel stays to meals in restaurants, booking train tickets to searching comparison sites — as a consumer, you can barely get through a day anymore without someone asking about your customer experience and likelihood to recommend them to a friend.

The merits or pitfalls of this constant quest for consumer satisfaction data could be debated all day, but I’m not going to because (thankfully) B2B is different. Here, customer satisfaction measures are normally less frequent and more bespoke, with programmes typically conducted anywhere from quarterly to biennially.

Topics: Market Research Strategy How To's

Market Research Weekly Wrap-Up: April 28, 2017

Check out the latest industry analysis with fresh insights and perspectives from analysts in the field. 

Here's a list of recent articles from MarketResearch.com and our publishing divisions, plus a few interesting selections from other websites. 

Topics: Market Research Strategy Industry Insights

Market Research Weekly Wrap-Up: April 21, 2017

Welcome to our new recurring blog series, where we'll bring you up to speed on the latest industry analysis and market research blogs from the past week. 

Take a look at recent articles from MarketResearch.com and our publishing divisions, plus a few top picks from other relevant websites and forums. 

Topics: Market Research Strategy Industry Insights

How to Evaluate Brand Health Using a Psychological Theory of Love

“How is my brand perceived relative to competitors?”

“What perceptions of my brand most drive behavior?”

“How do I positively impact perceptions of and behavior toward my brand?”

These are common, vital questions raised by marketers and brand managers. Measuring a brand’s “health” – how consumers perceive and interact with the brand, and how perceptions and behaviors align with revenue – is a common objective in market research, but is often not achieved because not all elements of brand health are measured.   

Topics: Market Research Strategy How To's

Forecasting the Future of Market Research

The future of market research looks bright. According to a new report by the Business Research Company, the global market research industry is expected to grow at a CAGR of 6.3%, totaling $115 billion by 2020.

Given the expanding world economy, the demand for MR services is forecast to rise across all industries. In addition, a variety of technological changes and political shifts may also affect the market.

Topics: Market Research Strategy Industry Insights

When to Consider Custom Market Research

In today’s rapidly evolving world, organizations must recognize new opportunities and threats and adapt quickly.

In order to stay ahead and make the right decisions, it is critical to turn to an objective third-party for industry analysis. Syndicated market research reports are a cost-effective option, but they may not always be specific enough to meet your needs — especially during high-stakes, "make or break" moments. Custom market research studies offer a more tailored solution to meet your unique objectives, and provide the information needed to make important decisions with confidence.

Topics: Market Research Strategy Market Research Provider Custom Market Research