Survey Software, Web Survey, Online Surveys, and Enterprise Feedback Management solutions from Vovici

Subscribe to our Blog


Your email address


Download your free copy our eBook: Survey Software Success

Free EBook!

We've compiled much of the blog into a free, 73-page ebook, Survey Software Success. The book outlines seven best practices for conducting online surveys.

> Download your free copy

Subscribe to our blog

Your email:

Solutions For:

Online Survey Solutions Voice of the Customer SolutionsMarket Research Solutions Customer Support Solutions Voice of the Employee Solutions Government Solutions

Current Articles | RSS Feed RSS Feed

Market Research Departments Struggle for Strategic Relevance

 | Share on Facebook Facebook | Share on Twitter Twitter | Share on LinkedIn LinkedIn 

Market Research Departments Struggle for Strategic RelevanceHeidi Lo and Brad Bortner of Forrester have written a new independent report, "Role Insights: Market Researchers Struggle For Strategic Relevance":


Forrester surveyed 40 market researchers from business-to-business (B2B) and business-to-consumer (B2C) companies with annual revenues of more than $1 billion and annual market research budgets ranging from $30,000 to $8 million.... Results from Forrester's Q2 2008 Global Market Research Organizing For Influence Online Survey show that many market researchers have not been able to position their market research groups as strategic partners within their organizations. Market research leaders report finding themselves sidelined because they are often viewed more as service bureaus focused on tactical, not strategic, questions and research. To pull out of this rut and get on the road to strategic relevance, it is imperative that market research groups create processes to prove value, enhance their own operational efficiency, and improve alignment with their internal clients. 

Table of Contents

  • Most Market Research Groups Are Not Strategic Partners Yet 
  • Challenges In Funding And Operations Are Key Obstacles 
  • Many Market Research Groups Are Lean Extensions Of Marketing - Minus The Budget 
  • Recommendations 
  • Get Organized To Start Attaining Strategic Relevance 

Forrester has prepared a sobering assessment of the state of market research within corporations. Given the strategic importance of customer research, it is surprising how project oriented most departments are. Yet MR departments are only addressing major projects-the minor projects are being addressed by line staff across the organization. Missing from Forrester's analysis is a discussion of the disintermediation of market researchers due to the widespread use of survey software, and the power of enterprise feedback management to help. Check out my post Rethinking the Role of the Market Research Department for more on this possible path for internal MR.

What do you see as the way forward for structuring market research within organizations?

Comments

The thing that i think is interesting is that corporations still don't get that there isn't any black box to market research, but more of smoke and mirrors. 
 
In the end, what do we all want from Market Research, an answer. 
Who buys the most of my product, which competitors are beating me, why do consumers choose them over me, where should i advertise to reach consumers who prefer my competition? 
 
These are answers that market research should make easy. Instead complicated software and output overload forces corporations to wonder, what are we really getting here? 
 
Challenge # 2, what you address, what is the goal? Why is it that major corporations become so disconnected and somehow believe that marketing, sales, product development... should all be on separate islands across oceans? 
IMO, planning is the process of reviewing options, the impact of each option across the company long and short term... and then determine which option(s) have the best opportunity/cost for the company. 
 
Maybe the little light bulb will go off one day... until then the survey companies will continue to charge $100,000 for an intern to run reports.
Posted @ Sunday, June 14, 2009 4:18 PM by David Calabrese
Post Comment
Name
 *
Email
 *
Website (optional)
Comment
 *

Allowed tags: <a> link, <b> bold, <i> italics

Receive email when someone replies.
Vision 2010 Vovici User Conference

VISION 2010 :: Vovici User Conference :: Save the Date :: May 10-12, 2010