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Incidence Rate Drives Research Cost and Schedule

September 5, 2006

Common sense tells us that the harder it is to reach and complete surveys with qualified respondents, the more costly and time consuming the research project will be. But, how do professional research firms assess the required level of effort in advance so that they can determine the most appropriate methodologies and provide reasonably accurate project estimates and schedules? They establish an estimated incidence rate. Simply put, an incidence rate is the frequency of something occurring in a given population. Specifically in market research, prior to a project we estimate the number of people who, once we get them on the ... Read more

‘Tis the Season for Research Budgeting

September 4, 2006

Many organizations neglect to effectively budget for research, which sometimes limits or even prohibits their ability to drive marketing and operations decisions based on real market data. If this dilemma sounds all too familiar, now is the time — as the 2007 budgeting season approaches — to give careful consideration to your research needs. To that end, here is some food for thought for ensuring your organization’s research budgets are realistic: Identify the knowledge gaps relevant to the business objectives. Is your organization introducing new products or services? Entering new markets or segments? Repositioning itself after a merger? Launching a big ... Read more

Remember,? Criticism Can Make It Better

August 20, 2006

We at Market Connections encourage our clients to attend their own focus groups so they can witness participants’ reactions first-hand behind the two-way mirror. Some may want the moderator to spontaneously introduce a new question or discussion point based on what they’re hearing right then and there. Additionally, many clients like to contemplate or even take action on some of the feedback rather than waiting on us to deliver the full research report a few weeks later. In fact, we have clients who utilize just about every tidbit of feedback they hear in the back room for opportunities to improve ... Read more

Engaged Employees Make It Happen

August 8, 2006

Research has proven time and again that creating an energized environment in which employees want to go above and beyond the call of duty, where they feel connected to the big picture, will directly and significantly impact organizational performance. Management consultants call it employee engagement, and it’s increasingly becoming a top priority in executive suites across the country. In fact, a recent study by Towers Perrin, a leading human resource consultancy, found that companies with higher employee engagement outperform those with lower employee engagement, relative to industry benchmarks. Yet, of the 86,000 employees worldwide who participated in the study, only 14% ... Read more

Online Surveys Require Sound Research Practices

July 17, 2006

In this internet-centric business environment, where online survey software packages are a dime a dozen, some organizations are opting to plan, design, execute, and analyze e-mail-based research initiatives in-house. However, unless those organizations have experienced research professionals on staff, many become frustrated during the process and, in the end, are highly disappointed with the results. Certainly, when your target audience is likely to be online and e-mail addresses are available, an online survey may be a viable alternative to the telephone methodology. In addition to accommodating longer questionnaires, online research enables faster data collection and is less expensive to execute. It ... Read more

Maximizing Research Response Rates

July 9, 2006

An ever-present challenge in market research is maximizing survey response rates. In fact, voicemails, caller id, gatekeepers and spam blockers are so pervasive, that it’s common for the response rate to be less than 10 percent of the study’s sample size. Here are some must-haves for achieving an adequate population of completed surveys. A Quality List: Optimally, the list is 5 to 10 times larger than the reasonable sample size established for the study, is tightly aligned to the target audience, includes names and titles, and has been recently cleaned and updated. Well-Prepared Interviewers: Even highly experienced interviewers must be trained for ... Read more

Ask Your Experts for Insights

June 11, 2006

With today’s information overload and competitive hunger for more market research, some marketing organizations may lose sight of a valuable data resource right at their fingertips: their own internal experts. Whether called subject-matter experts (SMEs) or “go-to people,” every organization has people scattered throughout who deeply know aspects of the technology, market, competitors, and more. And, if the input process is structured correctly, these experts can be an invaluable source of new ideas, market insights, message refinement, business opportunities, and innovation. Start by identifying the best known ones and documenting their expertise. Inquire with managers and others about other likely candidates. Of ... Read more

Benchmark Metrics a Must

June 7, 2006

Metrics are on the minds of executives everywhere, as many continue to look toward scorecards and other tools to measure their business initiatives. The performance gains delivered by leaders armed with true metrics are undeniable. Yet, surprisingly, many organizations’ commitment to marketing and customer relations metrics often ends up on the cutting room floor during annual budgeting. Benchmark studies are an effective method to accurately identify best (and worst) practices within marketing and customer satisfaction,?? but it can be tough to get such studies off the ground. Furthermore, organizations need to conduct them regularly, since each one serves as the benchmark ... Read more

Will the Real Customer Please Stand Up

May 30, 2006

Many government contractors walk that fine line every day: striving to nurture relationships with important contract partners who also happen to be formidable market competitors. In fact, because of that underlying competitive dynamic, many of these companies neglect to include partners in their customer satisfaction surveys,?? especially in a prime-sub relationship. We’ve worked with numerous clients who, before coming to us, excluded their primes from such research and instead attempted to survey only the government agency end users of their products or services. But, they weren’t very successful because, in many instances, the agency end user doesn’t have a deep enough ... Read more

Attention Federal Marketers: New Market Intelligence Available Now

May 22, 2006

Does your organization compete against, partner with, or want to compare itself against one or more of these federal providers? CDW-G CompUSA GTSI Cisco Dell Gateway HP Microsoft Northrop Grumman Anteon AT&T GSI BearingPoint Booz Allen Hamilton IBM Lockheed Martin SAIC If so, you’ll want to purchase our sixth annual Federal IT Marketing Report. Within its 60 pages, you’ll find not only the perceptions and decision-making factors of 500 federal IT decision makers, but also statistically valid representation from 14 different agencies. Some of the findings include the market’s awareness, favorable or unfavorable perceptions and product/service associations for these 16 firms. We also offer important considerations and resources for planning and implementing more effective marketing tactics to federal ... Read more

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