Archive for the ‘Future Trends’ Category
Thursday, July 7th, 2011
Versta Research just hit a magic number: 100. That’s the number of articles we have written to help our clients and their colleagues keep abreast of important trends in market research. If your market research supplier is not providing ongoing thought leadership in design, methods, and analytics, then what are the chances they are bringing ongoing and deep insight to your specific research needs?
To celebrate, we’re serving up a sampler of our five best articles. How did we decide they are the best? Our clients told us. These are the articles that they write to us about, forward to their colleagues, and for which they return to our website time and again. These are also the articles for which we get requests for print-ready PDF versions. (Just let us know if you want one!) (more…)
Tags: communication, conjoint, Market Research, product innovation, research, statistics, stories
Posted in Data Analysis & Analytics, Future Trends, Market Research, Methods & Tools, New Products and Innovation, Turning Data into Stories | No Comments »
Saturday, June 25th, 2011
This past week the American Marketing Association in Chicago held its 2011 annual BrandSmart conference, bringing together top-level marketers from companies such as Groupon, Motorola, Allscripts, Cars.com, Deloitte, Coldwell Banker, Accenture, Hospira, Walgreens, Blue Cross Blue Shield, Grainger, Morningstar, and many others, all of whom shared the newest strategies and case studies for brand building and successful marketing. (more…)
Tags: brand equity, brand tracking, Market Research
Posted in Future Trends, Market Research, New Products and Innovation | No Comments »
Thursday, June 16th, 2011
Executives who lead entrepreneurial firms have dramatically different attitudes about market research from their counterparts at larger established firms, according to a recent study from Saras Sarasvathy, an associate professor of business administration at the University of Virginia.

The study suggests that entrepreneurs are more focused on immediate and practical questions that will help them get their products into the hands of customers, and that traditional market research may not be the best way to get the right data and answers. That makes sense.
But according to an article in the February issue of Inc. magazine, “when asked what kind of market research they would conduct for [a] hypothetical start-up, most of Sarasvathy’s subjects responded with variations on the following: (more…)
Tags: data, insight, Market Research, product innovation, research, satisfaction research, segmentation, tracking studies, value
Posted in Future Trends, Market Research, Methods & Tools, New Products and Innovation | No Comments »
Wednesday, March 30th, 2011
One resource that we give far too little thought in market research are the people who offer their time and thoughts about the stuff we are researching. They are truly the lifeblood of market research.
An article in the spring 2011 issue of Public Opinion Quarterly looks at trends over the last thirty years in Americans’ view of polling and market research surveys. The news is mixed. While the vast majority feel that public opinion polling is generally a good thing, fewer feel that market research surveys serve a useful purpose, and trust in the industry is not so great. The most worrisome news (but not surprising, given the number of truly bad surveys flooding our lives nowadays) is the steady decline in people saying that participating in research is interesting and in their best interest:

Declining Satisfaction with Surveys
In addition to the chart above, key statistics outlined in the article include: (more…)
Tags: Data Collection, data quality, Market Research, public opinion, Public Polls, Survey Design, survey respondents
Posted in Data Collection, Future Trends, Market Research, Public Polls, Public Relations, Survey Design | No Comments »
Thursday, February 24th, 2011
Yesterday nearly one hundred marketers and researchers met in Chicago to talk about new directions in marketing research. Our topic: Measuring the Un-Measurable. The event was organized by the AMA’s market research group in Chicago, headed by Joe Hopper, president of Versta Research. The event brought together professionals from companies such as Cargill, Allstate, US Cellular, Nielsen, Maritz, Versta Research, Sears, Aon Hewitt, the American Medical Association, the American Bar Association, and many others.
It was a fascinating discussion that highlighted some of the newer technologies and methods of research that can help us measure important—and hitherto unmeasurable—aspects of customer and buyer behaviors. These include: (more…)
Tags: Market Research, social media
Posted in Future Trends, Market Research, Methods & Tools | No Comments »
Thursday, January 27th, 2011
The technology to field surveys via mobile devices has been around for a while, but has not yet gained much traction (and for good reasons). But with smartphones now proliferating at a remarkable pace, we may be in for a change. Deloitte released their 2011 IT and technology predictions last week, arguing that smartphones are likely to account for almost half of computer spending during the year. (more…)
Tags: Data Collection, Internet, Online Surveys, Survey Design, survey technology
Posted in Data Collection, Future Trends, Market Research, Methods & Tools, Online Surveys, Survey Design, Survey Tips | No Comments »
Thursday, November 18th, 2010
A pet-peeve of mine is that many (way too many) market research professionals talk about “actionable insights” and I almost never know what they are talking about. I suspect most of them don’t either. The more our clients complain that research reports are sitting on shelves collecting dust, the louder every research firm starts proclaiming that it delivers actionable insights. Some even claim to have tools that, with the click of a button, deliver actionable insights right to your desktop.
Besides the ugliness of taking a verb (to act) and turning it into a noun (action) and then forcing that into an adjective (actionable), “actionable insight” just doesn’t mean much in our industry. Now we have clients with reports full of “actionable insights” collecting dust on their shelves.
In our view, the problem is that few research professionals make an explicit link in the design phase of their research between the data that will be generated, and the specific decisions that need to be made. If that link is not specified, then even if the report is rich, detailed, and full of insight, chances are it will not be used. And if it is not used, it probably was not “actionable” to begin with. (more…)
Tags: data, insight, research, research design, satisfaction research, Survey Design
Posted in Data Analysis & Analytics, Future Trends, Market Research, Survey Design, Turning Data into Stories | No Comments »
Thursday, November 4th, 2010
In July, I moderated a panel of thought leaders in market research to ponder the question: “How Will Social Media Change Customer Satisfaction and Loyalty (CS&L) Research?” The event was sponsored by the American Marketing Association, and included participants from GfK, Maritz, MARC, SAS, Market Tools, and Versta Research.

The Role of Social Media in Customer Satisfaction and Loyalty Research
A partial transcript of our panel’s deliberations was just published in the October 2010 issue of Marketing News, the AMA’s monthly magazine. Here is a quick summary of key points highlighted in the article: (more…)
Tags: innovation, qualitative research., satisfaction research, social media, tracking studies
Posted in Future Trends, Market Research, Methods & Tools, New Products and Innovation | No Comments »
Friday, October 29th, 2010
Research without an audience, like the title of this article, is ridiculous. By the time you figure out if the research makes any sense – if it is even true – you realize perhaps that nobody may really care. If research is not done for somebody to answer critical questions they have, then there is little reason to do it. It is unfortunate that much research today is done simply for the sake of research.
One reason that research often has no audience is that market research professionals are sometimes too isolated. They operate like accountants or IT programmers who fill orders and data requests. They do not interact enough with the marketing teams and other business professionals who could really use their help solving problems and answering key questions. This is especially true on the vendor side, where many spend their time interacting with clients who are, themselves, research professionals.
Our approach at Versta Research is the opposite. We see it as vital to operate beyond the confines of our technical expertise, because our expertise only matters if it is driven by, understood, and then put to use by our marketing and business colleagues.
To this end, I am delighted to have been recently appointed to the Board of the American Marketing Association (AMA) Chicago Chapter, serving as Director of Market Research. (more…)
Tags: Market Research
Posted in Future Trends, Market Research, Turning Data into Stories | No Comments »
Friday, September 10th, 2010
With the sad proliferation of silly surveys, non-scientific interest polls, and downright fraudulent polls, the research industry is stepping up with a number of key initiatives to combat the trend. Versta Research is part of that effort, and in August announced that we are part of the Transparency Initiative being developed by the American Association for Public Opinion Research (AAPOR).
As of this writing, Versta is one of 67 prominent survey and polling organizations currently supporting the initiative. The initiative is designed to create protocols and recognition for regular disclosure of methods when survey organizations conduct public polls. (more…)
Tags: data quality, ethics, omnibus, Public Polls, research, trust
Posted in Future Trends, Omnibus Surveys, Public Polls, Public Relations | No Comments »