When considering market research needs, defining key results may be clear, but finding the right market research operations team can prove to be a challenge. Quality research results do not happen by accident. They are a result of carefully planned projects committed to end-to-end quality control.
For consultants to stand out from the competition, research offers a unique point of distinction to increase project win rates. Pitching data-driven solutions can add value and credibility to strategic recommendations for better business impact.
A new project – a potentially big project – comes down the pipeline, and creates immediate excitement. But the winning of the work and the doing of the work are two different things.
Is aggregated data enough, or is custom research necessary? Will engaging a specialized or a full-service research firm best suit our business objectives?How do we know if our product/service is market-ready? How can our product/service experience better traction once in the field? Can existing data from past research be gleaned for new insights?
For executive leadership in the market research industry, time is taken up by the ongoing activities that fill every professional's working day - leading the team, working with clients, managing the business, reading and writing reports. Great leaders are expected to run a tight ship efficiently on a lean budget.
From seasoned insights professionals, to those just dipping their toes into the water of marketing research, collaborating with a recruiting or logistics focused market research operations partner can be a daunting task. Research preparation is time-intensive and complex.
Unlike quantitative research projects, there are few formal statistical guidelines governing the design and execution of a qualitative market research study. Best practices regarding randomness, confidence intervals, margins of error, and estimations for sample size needed are not standardized for qualitative research. Ultimately, these decisions..
With a steady stream of survey projects at various stages of design, bidding, recruitment, programming, fieldwork, or analysis, the details can be overwhelming for teams. But delivering data-driven stories to steer important business decisions requires confidence in data accuracy. Teams work hard to proactively eliminate factors that could skew..
Once the basics of market research sampling are understood, specific techniques can be explored. Each research project objective is best served with a certain type of market research sampling.
While there are many important decisions to make when planning a market research effort, one of the most crucial is whether to conduct qualitative or quantitative market research.
In brief, quantitative market research refers to the process of collecting large amounts of data through surveys, questionnaires, and polling methods. Conversely, ..