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Market Research
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Data from mixed-mode questions are hard, if not impossible, to interpret accurately.
The first part of this article will give an example of a mixed-mode question and an analysis of how to interpret the results that such as question would produce. As you will see, mixed-mode questions, or scales, should be avoided.
The second part of this article will explore the problem of mixed-mode scales further and use the example from the first part to point out issues related to interpreting the data. We then find a solution to the original, flawed approach.
The first part of this article will give an example of a mixed-mode question and an analysis of how to interpret the results that such as question would produce. As you will see, mixed-mode questions, or scales, should be avoided.
The second part of this article will explore the problem of mixed-mode scales further and use the example from the first part to point out issues related to interpreting the data. We then find a solution to the original, flawed approach.
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MarketingProfs
Carey V. Azzara
2010-11-23
1
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MarketingProfs
Carey V. Azzara
2010-11-23
1
Understanding customer behavior is key to creating marketing campaigns that generate high response and revenue.
One of the best ways to understand customer behavior is to study customer migration patterns—to learn when and why a customer ends up in a segment different from the one he or she had been in.
The starting point for those studies is your customer-segmentation model. After you decide which approach to use to measure migration, the process is a virtuous circle of analyze, segment, campaign, and analyze again.
The next task, requiring strong analysis skills, is to tie the observed migrations to company activities, such as a marketing stream, and to customer purchase behavior.
The final task is to apply the results of that analysis to your marketing campaigns to generate revenue and boost customer retention.
One of the best ways to understand customer behavior is to study customer migration patterns—to learn when and why a customer ends up in a segment different from the one he or she had been in.
The starting point for those studies is your customer-segmentation model. After you decide which approach to use to measure migration, the process is a virtuous circle of analyze, segment, campaign, and analyze again.
The next task, requiring strong analysis skills, is to tie the observed migrations to company activities, such as a marketing stream, and to customer purchase behavior.
The final task is to apply the results of that analysis to your marketing campaigns to generate revenue and boost customer retention.
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MarketingProfs
Mark Klein
2010-07-09
101
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MarketingProfs
Mark Klein
2010-07-09
101
It can be a powerful weapon in any company's strategic planning arsenal. But it can also backfire. Steve McKee offers five essentials to consider.
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BusinessWeek
Steve McKee
2010-06-11
77
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BusinessWeek
Steve McKee
2010-06-11
77
What happens immediately after a customer uses your product? Knowing the before and after around how your products are used will help you sell more -- and build better future products.
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BNET
Sean Silverthorne
2010-05-17
73
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BNET
Sean Silverthorne
2010-05-17
73
Five practical approaches to get closer to your buyers.
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BNET
Stuart Cross
2010-05-03
68
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BNET
Stuart Cross
2010-05-03
68
Ask any statistician and they’ll reel off a list of reasons why two surveys can give completely opposite results.
But whether it’s differences in the sample, the questionnaire or the interpretation, the fact is that many businesses, especially large ones, put significant store by their customer measures.
But are we just kidding ourselves? Can we really measure customer experience objectively? In short, that depends on the questions — the most important being those that you ask before you even put pen to paper.
Here are the three important questions to ask before you start planning that next customer survey.
But whether it’s differences in the sample, the questionnaire or the interpretation, the fact is that many businesses, especially large ones, put significant store by their customer measures.
But are we just kidding ourselves? Can we really measure customer experience objectively? In short, that depends on the questions — the most important being those that you ask before you even put pen to paper.
Here are the three important questions to ask before you start planning that next customer survey.
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BNET
Martyn Drake
2010-04-27
126
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BNET
Martyn Drake
2010-04-27
126
Most companies use a crude approach to gathering vital customer data. Does this describe you?
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MarketingProfs
David Jackson
2010-02-01
33
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MarketingProfs
David Jackson
2010-02-01
33
Many new products fail – far too many. Failures occur regularly in both the manufacturing and service sectors. By failure we mean that these new products both fail to excite customers and fail to reach the sales and market-share goals set by the companies that develop them.
In the 1980s and 1990s, major advances in new product development (NPD) were achieved through the use of StageGate processes. Such processes define the tasks of each of the functions involved in NPD (e.g. R&D, marketing and operations) at each of the stages, from product concept to market introduction. However, as more companies have adopted formal processes for NPD, the competitive advantage that can be achieved by process excellence alone has eroded. Put another way, just because your organisation is good at implementation does not mean that it will bring the best new products to market. Creativity is also required to identify customers’ problems and to develop breakthrough features to address them.
In this article we will discuss an approach to dealing with market uncertainty. This applies new techniques for market research and uses a model to ensure than new products excite the customer.
In the 1980s and 1990s, major advances in new product development (NPD) were achieved through the use of StageGate processes. Such processes define the tasks of each of the functions involved in NPD (e.g. R&D, marketing and operations) at each of the stages, from product concept to market introduction. However, as more companies have adopted formal processes for NPD, the competitive advantage that can be achieved by process excellence alone has eroded. Put another way, just because your organisation is good at implementation does not mean that it will bring the best new products to market. Creativity is also required to identify customers’ problems and to develop breakthrough features to address them.
In this article we will discuss an approach to dealing with market uncertainty. This applies new techniques for market research and uses a model to ensure than new products excite the customer.
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think Cranfield
Keith Goffin, Rick Mitchell
2010-01-22
73
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think Cranfield
Keith Goffin, Rick Mitchell
2010-01-22
73
Talk may be cheap, but listening to what people are saying about your product can be a valuable method of improving corporate performance. According to recent research, there is a measurable connection between what is being said about a product in online posts and real-time customer behavior. Becoming aware of online comments and learning how to use the information can avert potential downturns in sales and can help companies fine-tune their marketing.
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Kellogg Insight
Lakshman Krishnamurthi, Shyam Gopinath, Jacquelyn Thomas
2009-08-30
87
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Kellogg Insight
Lakshman Krishnamurthi, Shyam Gopinath, Jacquelyn Thomas
2009-08-30
87
Whenever I can, I include telemarketing as part of a comprehensive lead-generation program. When it comes to setting sales appointments, populating a database with decision-maker names, or filling seats at an event, there's no contact method that's more direct or more effective. The results of telemarketing are usually measurable, too, which is also a rare benefit for any campaign tactic.
But, actually, you can expect more from your telemarketing programs than appointment-setting and seat-filling. In fact, telemarketing can lend tremendous support to helping you achieve other aspects sales and marketing initiatives.
But, actually, you can expect more from your telemarketing programs than appointment-setting and seat-filling. In fact, telemarketing can lend tremendous support to helping you achieve other aspects sales and marketing initiatives.
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MarketingProfs
Michelle Palmer
2009-01-24
157
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MarketingProfs
Michelle Palmer
2009-01-24
157
By now, your marketing goals are clearly defined and you're ready to run a multivariate test. Which elements, or factors, should you test?
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MarketingProfs
Eric J. Hansen
2008-10-07
132
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MarketingProfs
Eric J. Hansen
2008-10-07
132
Bringing a new product to market is one of the most costly and risky activities that any GM faces.
Voice-of-the-customer research and stage gate reviews have improved the odds of achieving success. But do they go far enough?
Three important tasks are frequently overlooked even though they offer the ability to identify weak links early on.
So, how can you overcome the odds? Arm your team with a three-step commercialization insurance policy designed to identify and assess risks.
Voice-of-the-customer research and stage gate reviews have improved the odds of achieving success. But do they go far enough?
Three important tasks are frequently overlooked even though they offer the ability to identify weak links early on.
So, how can you overcome the odds? Arm your team with a three-step commercialization insurance policy designed to identify and assess risks.
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MarketingProfs
Michael Barr
2008-09-25
160
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MarketingProfs
Michael Barr
2008-09-25
160
The folks at Future Now are skeptical of surveys. They can annoy customers. The questions themselves tend to reflect the bias of the person or company asking them. At best, they offer directionally-correct information, which is often taken out of context and used to replace an old assumption with some shiny new (and equally dangerous) one.
The great thing about Web Analytics is that it allows you to see how people are using your site — without surveying them. But there are things your Web Analytics can’t tell you. That’s when a survey can help. When handled correctly, surveys can provide a good starting point for gathering qualitative data about the customer experience.
The great thing about Web Analytics is that it allows you to see how people are using your site — without surveying them. But there are things your Web Analytics can’t tell you. That’s when a survey can help. When handled correctly, surveys can provide a good starting point for gathering qualitative data about the customer experience.
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GrokDotCom
Robert Gorell
2008-07-22
68
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GrokDotCom
Robert Gorell
2008-07-22
68
As web marketers seek new ways to boost conversion rates and improve their visitors' site experience, interest in multivariate testing is on a feverish rise. But those unfamiliar with the techniques are often unclear about where to start, or how to ensure success.
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MarketingProfs
Eric J. Hansen
2008-06-17
91
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MarketingProfs
Eric J. Hansen
2008-06-17
91
Today, the product choices available to consumers are more numerous than ever, and competition for customers is downright fierce. In this environment it is extremely difficult for products to standout. So, what can a company do to enhance the competitiveness of its products?
One thing is certain: relying on old methods for maximizing a product’s competitiveness is no longer sufficient. The key to offering highly competitive products is delivering exceptional value. But how does a company develop products with exceptional value, and what exactly does “value†mean to the consumer? That’s where “Marketnomics†comes in, says Charles F. Goetz, an adjunct professor of organization and management and a distinguished lecturer in entrepreneurship at Emory University’s Goizueta Business School, and the developer of “Marketnomics.â€
“Marketnomics†enables users to precisely measure and prioritize the value of a varying list of product features and benefit options relative to two critical product development issues—their target market’s perceptions and the effective cost to the company of these features and benefits. Armed with this information, companies are able to determine the optimal combination of features and benefits to maximize product value.
One thing is certain: relying on old methods for maximizing a product’s competitiveness is no longer sufficient. The key to offering highly competitive products is delivering exceptional value. But how does a company develop products with exceptional value, and what exactly does “value†mean to the consumer? That’s where “Marketnomics†comes in, says Charles F. Goetz, an adjunct professor of organization and management and a distinguished lecturer in entrepreneurship at Emory University’s Goizueta Business School, and the developer of “Marketnomics.â€
“Marketnomics†enables users to precisely measure and prioritize the value of a varying list of product features and benefit options relative to two critical product development issues—their target market’s perceptions and the effective cost to the company of these features and benefits. Armed with this information, companies are able to determine the optimal combination of features and benefits to maximize product value.
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Knowledge@Emory
Charles F. Goetz
2008-06-13
90
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Knowledge@Emory
Charles F. Goetz
2008-06-13
90
So many products, so many brands, so many prices - consumers today are almost blinded by all the choices at the supermarket. Marketers draw consumers’ eyes to their products through point-of-purchase (P-O-P) marketing. Researchers use eye-tracking studies to measure how successful marketers are at zoning consumers in on their products on the store shelves. Scott Young and Professors Pierre Chandon and Wesley Hutchinson examine the validity of these studies and suggest a way to improve them.
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INSEAD Knowledge
Pierre Chandon, Scott H. Young, J. Wesley Hutchinson
2008-06-07
74
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INSEAD Knowledge
Pierre Chandon, Scott H. Young, J. Wesley Hutchinson
2008-06-07
74
Researchers have found that "those with negative opinions of [a] product were likely to become even more negative if asked to participate in a group discussion." Marketers beware this truth in the age of MySpace, blogging and general hyper communication!
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BNET
Jessica Stillman
2007-11-06
56
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BNET
Jessica Stillman
2007-11-06
56
There are many ways you can conduct market research, and each of the various methods has its own benefits and drawbacks. So which is the best method for you? This will depend on many factors, among them the type of information you are seeking and your research budget. Below are tips to help you carry out the most meaningful and cost-effective research project possible for your situation.
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BNET
2007-11-04
90
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BNET
2007-11-04
90
Marketing practitioners regard forecasting as an important part of their jobs. This paper discuss methods to forecast demand.
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Kesten C. Green, J. Scott Armstrong
2007-06-10
294
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Kesten C. Green, J. Scott Armstrong
2007-06-10
294
So you need to develop new products or services. And several questions puzzle you.
* Which new product ideas should you develop?
* What features should you include?
* What positioning messages should you use?
* What marketing tactics will be effective?
* How do you raise chances for success and reduce risk?
These questions continually challenge product, marketing, and research managers. And the stakes are big. New product failure rates are high. Lack of information and faulty assumptions are often culprits. The good news is that qualitative marketing research can help you make better new product and marketing decisions. Qualitative marketing research makes managers smarter. This paper's objective is to guide you in applying qualitative marketing research to develop new products and services.
* Which new product ideas should you develop?
* What features should you include?
* What positioning messages should you use?
* What marketing tactics will be effective?
* How do you raise chances for success and reduce risk?
These questions continually challenge product, marketing, and research managers. And the stakes are big. New product failure rates are high. Lack of information and faulty assumptions are often culprits. The good news is that qualitative marketing research can help you make better new product and marketing decisions. Qualitative marketing research makes managers smarter. This paper's objective is to guide you in applying qualitative marketing research to develop new products and services.
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Hendriks Research
Henk Hoets
2007-05-12
172
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Hendriks Research
Henk Hoets
2007-05-12
172
Mohanbir Sawhney's thought leadership in the marketing arena continues with this ManyWorlds' exclusive presentation. The basis for this 52 slide presentation is in exploring how a corporation can transform its research organization from "producing research" to "generating insights". By asking some fundamental questions about the nature of insights and the process that produce them, we are taken on an exploration through the definition, creation and management of customer insights.
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ManyWorlds
Mohanbir Sawhney
2007-02-26
265
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ManyWorlds
Mohanbir Sawhney
2007-02-26
265
arket segmentation has become a popular topic in marketing, marketing research and strategic planning. Market segmentation allows sellers to identify unique segments in the market so that they can tailor product features, services, distribution, pricing, and marketing communication messages specifically to each segment. Segmentation research allows sellers of products and services to quantify the sizes and potential economic/volumetric opportunities of the segments, describe the composition of each segment, and evaluate alternative segment-level marketing strategies. This document will discuss how segmentation can increase the effectiveness of a company's marketing and communication efforts. Its purpose is to explain the uses of market segmentation and the basic steps for executing segmentation research. [BNET Annotation]
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MarketVision Research
2006-10-19
150
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MarketVision Research
2006-10-19
150
Writing an effective questionnaire is not a task for novices. At the very least, it requires an understanding of four basic issues:
1. Considering the differences between a questionnaire that respondents fill out themselves and one that a professional interviewer administers
2. Knowing what questions should be asked early on in the questionnaire, in the middle, and toward the end
3. Understanding how to phrase questions
4. Being sensitive to questionnaire length
1. Considering the differences between a questionnaire that respondents fill out themselves and one that a professional interviewer administers
2. Knowing what questions should be asked early on in the questionnaire, in the middle, and toward the end
3. Understanding how to phrase questions
4. Being sensitive to questionnaire length
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MarketingProfs
Robert J. Kaden
2006-08-15
322
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MarketingProfs
Robert J. Kaden
2006-08-15
322
After conducting thousands of marketing research studies and asking hundreds of thousands of questions, the author has come to understand one thing: There are no bad questions, only irrelevant ones.
In other words, the majority of questions asked are irrelevant. That is, they don't result in answers that lead to actions.
In other words, the majority of questions asked are irrelevant. That is, they don't result in answers that lead to actions.
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MarketingProfs
Robert J. Kaden
2006-01-20
100
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MarketingProfs
Robert J. Kaden
2006-01-20
100
Most new products fail and most high-volume marketing campaigns generate slim returns. Companies trip up when they try to estimate customer demand through weak market research, extrapolation from the past, or plain instinct. Fortunately, the science of discrete choice modeling is a powerful antidote to ignorance. It allows companies to estimate demand and know exactly how and why customers will make decisions, minimizing the business risk and positioning the product for success.
Editor's Note: a bit of self-promotion on the part of Mercer, discussing their Strategic Choice Analysis (SCA)®, but still of general value...
Editor's Note: a bit of self-promotion on the part of Mercer, discussing their Strategic Choice Analysis (SCA)®, but still of general value...
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Mercer Management Journal
Martin Kon, Eric Almquist, Wolfgang Bock
2005-10-08
74
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Mercer Management Journal
Martin Kon, Eric Almquist, Wolfgang Bock
2005-10-08
74


