The role of Market Research in decision making - Esomar
The role of Market Research in decision making - Esomar
The role of Market Research in decision making - Esomar
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<strong>The</strong> <strong>role</strong> <strong>of</strong> <strong>Market</strong> <strong>Research</strong><br />
<strong>in</strong> <strong>decision</strong> mak<strong>in</strong>g<br />
EM Lyon Bus<strong>in</strong>ess School<br />
31 January 2011
WELCOME AND OPENING<br />
AGNES NAIRN<br />
Pr<strong>of</strong>essor <strong>of</strong> <strong>Market</strong><strong>in</strong>g<br />
EM LYON BUSINESS SCHOOL<br />
FINN RABEN<br />
Director General<br />
ESOMAR
CONSUMER UNDERSTANDING AND<br />
DECISION MAKING<br />
<strong>The</strong> <strong>role</strong> <strong>of</strong> <strong>Market</strong> <strong>Research</strong>
One part resonance, one part edge<br />
How Philips built a better bus<strong>in</strong>ess with a new<br />
recipe for validat<strong>in</strong>g consumer <strong>in</strong>sights<br />
SUSAN CASSERLY GRIFFIN<br />
EVP, <strong>Market</strong><strong>in</strong>g and Bus<strong>in</strong>ess Development<br />
BRAINJUICER, USA<br />
VALERIE BATUT<br />
Innovation Intelligence Manager<br />
PHILIPS LIFESTYLE, Netherlands
A new way!<br />
• <strong>Research</strong> as a strategic function for growth<br />
• Capable <strong>of</strong> address<strong>in</strong>g today’s challenges<br />
• Keep<strong>in</strong>g focus on consumer centricity<br />
• Captur<strong>in</strong>g the emotional response<br />
• Build<strong>in</strong>g market<strong>in</strong>g skills<br />
• Driv<strong>in</strong>g change<br />
6
Put humans at the center<br />
7
Consumer Lifestyle vision<br />
An overview<br />
• Philips’ ambition is to become a leader <strong>in</strong> the<br />
health and well-be<strong>in</strong>g arena with sense and<br />
simplicity as competitive edge<br />
• Consumer Lifestyle contributes to this goal by<br />
mak<strong>in</strong>g it easier for people to achieve a<br />
healthier and more susta<strong>in</strong>able lifestyle<br />
• Our <strong>in</strong>sight-led bus<strong>in</strong>ess creation process and<br />
market-<strong>in</strong> orientation enables us to deliver<br />
breakthrough mean<strong>in</strong>gful <strong>in</strong>novations to<br />
consumers<br />
• We are a strong global brand, particularly <strong>in</strong><br />
emerg<strong>in</strong>g markets<br />
8
Our path to a consumer-driven organization<br />
From Technology to Insights<br />
Mascul<strong>in</strong>e<br />
Follow <strong>in</strong>tuition<br />
Control<br />
Interactive Liv<strong>in</strong>g<br />
Healthy Life<br />
Fem<strong>in</strong><strong>in</strong>e<br />
Home Liv<strong>in</strong>g<br />
Personal Care<br />
9
Consumer Insights shape the <strong>in</strong>novation<br />
culture for Philips<br />
Insight<br />
Insight Validation<br />
Value<br />
Proposition<br />
Concept Validation<br />
Consumer Experience<br />
Test<strong>in</strong>g<br />
Product Launch<br />
Enrich the validation process leverag<strong>in</strong>g various qualitative techniques:<br />
Sensorium on l<strong>in</strong>e community, ethnography, consumer labs<br />
A discipl<strong>in</strong>ed approach with cont<strong>in</strong>uous consumer feedback<br />
NPS Loyalty<br />
Measurement<br />
10
Why great <strong>in</strong>sights are like a fridge…<br />
Open them up and the light goes on!<br />
November 2010 11
November 2010<br />
Explore vs. Validate!
November 2010<br />
Explore vs. Validate!
How to measure Insights?<br />
Excitement & Freshness needed<br />
to drive great NPD & Comms<br />
(hence double weighted)<br />
Must also be Relevant & True<br />
> but this is still not enough<br />
INSIGHTS must Identify & be Clear<br />
> but this is not enough<br />
Excite<br />
(x2)<br />
Fresh<br />
(x2)<br />
Relevant True<br />
Identify Clear<br />
Wow, you really<br />
understand me<br />
Almost better than I<br />
understand myself!”<br />
November 2010 14
It’s even more important to improve it!<br />
November 2010 15
You can do th<strong>in</strong>gs backwards<br />
November 2010 16
You can significantly improve a specific <strong>in</strong>sight<br />
November 2010 17
<strong>The</strong> new Philips Juicer sets the tone for<br />
consumers’ healthy liv<strong>in</strong>g!<br />
<strong>The</strong> healthy liv<strong>in</strong>g <strong>in</strong>sight: get the best out <strong>of</strong> food!<br />
Consumer benefits:<br />
– Extract more juice<br />
– Fast juic<strong>in</strong>g - No pre-cutt<strong>in</strong>g needed<br />
– Delicious and easy to make recipes<br />
– Quick and easy clean<strong>in</strong>g<br />
Key consumer f<strong>in</strong>d<strong>in</strong>gs:<br />
– More than a kitchen tool, a juicer <strong>of</strong>fers you raw vitam<strong>in</strong> power for<br />
health<br />
– “I make juice first th<strong>in</strong>g <strong>in</strong> morn<strong>in</strong>g to get a natural buzz for the<br />
day ahead from the vitam<strong>in</strong>s and goodness <strong>in</strong> the juice.”<br />
– Goodness cannot be complicated<br />
Key Results:<br />
– “I use my juicer to make vegetable juices, and I value the power <strong>of</strong><br />
the mach<strong>in</strong>e and the easy collect & empty section at the back for<br />
collect<strong>in</strong>g the pulp.”<br />
– More than 1,500,000 pieces sold<br />
18
Guidel<strong>in</strong>es For Writ<strong>in</strong>g Insights 1<br />
Do: Generate <strong>in</strong>sights that are True, Excite people and have a real dist<strong>in</strong>guisher:<br />
they <strong>of</strong>fer a Fresh perspective on a (familiar) issue<br />
Don’t…:<br />
...Be materialistic:<br />
Don’t be<br />
overly<br />
materialistic,<br />
it feels<br />
superficial & too sad<br />
to identify with<br />
...Use hyperboles:<br />
Don’t make<br />
simple th<strong>in</strong>gs<br />
/ gestures<br />
(trivia) too<br />
big;<br />
...Claim artificial newness:<br />
Don’t present<br />
someth<strong>in</strong>g as<br />
new, which isn’t<br />
...Be too specific:<br />
Close out<br />
respondents<br />
us<strong>in</strong>g overly<br />
specific<br />
identification statements:<br />
‘I’m a busy bus<strong>in</strong>essman...’,<br />
‘I like to sit on the couch with<br />
my legs on the table…’<br />
...Use negativity:<br />
Don’t use<br />
negative<br />
formulations<br />
don’t easily<br />
resonate<br />
...Patronize:<br />
Talk down on<br />
respondents/<br />
giv<strong>in</strong>g them<br />
the feel<strong>in</strong>g they<br />
are not capable themselves<br />
makes them feel overly<br />
dependant and disqualified<br />
It’s not a word game, but words are important …<br />
...Be vague:<br />
Be specific<br />
when<br />
address<strong>in</strong>g<br />
a flaw <strong>in</strong> a<br />
current solution<br />
...Out <strong>of</strong> home:<br />
Referr<strong>in</strong>g to<br />
Out <strong>of</strong> Home<br />
experiences is<br />
risky (‘iced<br />
c<strong>of</strong>fee like <strong>in</strong> a restaurant’,<br />
‘create your own c<strong>in</strong>ema<br />
experience at home’)<br />
November 2010 19
Guidel<strong>in</strong>es For Writ<strong>in</strong>g Insights 2<br />
Do: address a concrete downside <strong>of</strong> an exist<strong>in</strong>g consumer experience<br />
(and h<strong>in</strong>t at a superior experience overcom<strong>in</strong>g the downside, without<br />
suggest<strong>in</strong>g a product solution)<br />
Don’t…:<br />
...Confuse Accepted Consumer<br />
Beliefs with Insights:<br />
Seek a ‘Wow,<br />
these guys really<br />
understand me!’<br />
response, not:<br />
‘Yes….. And?’<br />
...Suggest product solutions:<br />
Suggest<br />
consumer<br />
experiences<br />
...Ignore legal requirements:<br />
Make sure to<br />
imply that<br />
suggested<br />
solutions will be<br />
with<strong>in</strong> legal<br />
requirements<br />
...Bad mouth colleagues:<br />
Be respectful,<br />
don’t blame<br />
others<br />
...Forego vested <strong>in</strong>terests:<br />
when test<strong>in</strong>g with<br />
different<br />
stakeholders be<br />
aware <strong>of</strong> vested<br />
<strong>in</strong>terests (e.g.<br />
medical teams)<br />
...Ignore cultural differences:<br />
Needs and cultural<br />
values are Strongly<br />
<strong>in</strong>terl<strong>in</strong>ked<br />
November 2010 20
Insights are important to develop new products and successful market<strong>in</strong>g<br />
campaigns<br />
Quick c<strong>of</strong>fee<br />
Easy to get!<br />
November 2010
November 2010<br />
Explore vs. Validate!
November 2010<br />
Thank you<br />
Susan Casserly Griff<strong>in</strong><br />
Executive Vice President, <strong>Market</strong><strong>in</strong>g and Bus<strong>in</strong>ess Development, Bra<strong>in</strong>Juicer<br />
Valerie Batut<br />
Innovation Intelligence Manager, Philips
How fans become shapers <strong>of</strong> an<br />
ice-cream brand<br />
Towards the next frontier <strong>in</strong> conduct<strong>in</strong>g <strong>in</strong>sight<br />
communities<br />
DADO VAN PETEGHEM<br />
Senior Knowledge Consultant<br />
INSITES CONSULTING, Belgium
Hi, thanks for hav<strong>in</strong>g me.<br />
My name is Dado Van Peteghem<br />
I’m a 28 year old guy from Belgium.<br />
I’m work<strong>in</strong>g at InSites Consult<strong>in</strong>g,<br />
the coolest market research &<br />
consult<strong>in</strong>g firm <strong>in</strong> the world.<br />
This year I got married to Danielle, the<br />
love <strong>of</strong> my life. She rocks my world. We<br />
live together <strong>in</strong> the most beautiful city<br />
<strong>of</strong> the world, Ghent.<br />
@dadovanpeteghem
© InSites Consult<strong>in</strong>g<br />
We are different from our target audience!<br />
Q : When you compare yourself to the consumers <strong>in</strong> your target group, to what extent do you see an overlap or a difference between both?<br />
CONSUMER TWIN SCORE<br />
6%<br />
7%<br />
6%<br />
15%<br />
30%<br />
24%<br />
7%<br />
4%<br />
5%<br />
8%<br />
6%<br />
19%<br />
35%<br />
17%<br />
5%<br />
4%<br />
[client<br />
logo]<br />
InSites Consult<strong>in</strong>g beliefs - © 2010<br />
26
33% 66%
© InSites Consult<strong>in</strong>g<br />
We are different from our target audience!<br />
Q : When you compare yourself to the consumers <strong>in</strong> your target group, to what extent do you see an overlap or a difference between both?<br />
CONSUMER TWIN SCORE<br />
6%<br />
7%<br />
6%<br />
15%<br />
30%<br />
24%<br />
7%<br />
<strong>The</strong>ir lives are different from ours<br />
<strong>The</strong>ir lives are different from ours<br />
4%<br />
5%<br />
8%<br />
6%<br />
19%<br />
35%<br />
17%<br />
5%<br />
4%<br />
[client<br />
logo]<br />
InSites Consult<strong>in</strong>g beliefs - © 2010<br />
29
© InSites Consult<strong>in</strong>g<br />
[client<br />
logo]<br />
InSites Consult<strong>in</strong>g beliefs - © 2010<br />
30
© InSites Consult<strong>in</strong>g<br />
[client<br />
logo]<br />
InSites Consult<strong>in</strong>g beliefs - © 2010<br />
31
© InSites Consult<strong>in</strong>g<br />
[client<br />
logo]<br />
InSites Consult<strong>in</strong>g beliefs - © 2010<br />
32
© InSites Consult<strong>in</strong>g<br />
[client<br />
logo]<br />
InSites Consult<strong>in</strong>g beliefs - © 2010<br />
33
Is this really<br />
what we want?<br />
34
© InSites Consult<strong>in</strong>g<br />
<strong>The</strong>y want to co-create<br />
<strong>The</strong>y even consider it their right<br />
<strong>The</strong>y drive growth<br />
[client<br />
logo]<br />
InSites Consult<strong>in</strong>g beliefs - © 2010<br />
36
Experiment<br />
Feel heartbeat<br />
Activation potential<br />
Feedback & ideas
© InSites Consult<strong>in</strong>g<br />
24/7<br />
Observe Facilitate Jo<strong>in</strong><br />
[client<br />
logo]<br />
InSites Consult<strong>in</strong>g’s <strong>Research</strong> Communities<br />
38
<strong>Research</strong><br />
Communities
<strong>The</strong> number <strong>of</strong> Dunbar
Never underestimate the power <strong>of</strong><br />
n=1
Brand and/or topic<br />
identification<br />
Brand / Topic<br />
My identity
© InSites Consult<strong>in</strong>g<br />
Experience<br />
Meet & greet sessions Story <strong>of</strong> the project Incentives<br />
Feedback<br />
[client<br />
logo]<br />
InSites corporate presentation<br />
45
© InSites Consult<strong>in</strong>g<br />
[client<br />
logo]<br />
InSites corporate presentation<br />
46
© InSites Consult<strong>in</strong>g<br />
[client<br />
logo]<br />
InSites corporate presentation<br />
47
Communication & activation<br />
Consumer experience & <strong>in</strong>novation<br />
Corporate social responsibility
An experience<br />
Tasty<br />
Cosy<br />
Great moments<br />
Real<br />
I love it!<br />
Expensive Troubles<br />
Better<br />
My favorite... Unique<br />
Disappo<strong>in</strong>ted
Follow-up Follow up wave!
@dadovanpeteghem
Q & A
CAREERS IN MARKET RESEARCH:<br />
<strong>The</strong> Benefits <strong>of</strong> Real Consumer Knowledge
DISCUSSION PANEL<br />
SUSAN CASSERLY GRIFFIN<br />
EVP, <strong>Market</strong><strong>in</strong>g and Bus<strong>in</strong>ess Development<br />
BRAINJUICER, USA<br />
MARK WHITING<br />
Director<br />
ADDED VALUE, FRANCE<br />
PHYLLIS MACFARLANE<br />
Chairman<br />
GfK NOP, UK
SUSAN CASSERLY GRIFFIN<br />
EVP, <strong>Market</strong><strong>in</strong>g and Bus<strong>in</strong>ess Development<br />
BRAINJUICER, USA
2005<br />
2005<br />
Award<br />
W<strong>in</strong>ner<br />
2007<br />
2007<br />
Award<br />
W<strong>in</strong>ner<br />
Juicy <strong>Research</strong>…<br />
Inspir<strong>in</strong>g Great <strong>Market</strong><strong>in</strong>g<br />
EM Lyon Bus<strong>in</strong>ess School<br />
Susan Casserly Griff<strong>in</strong><br />
EVP, <strong>Market</strong><strong>in</strong>g and Bus<strong>in</strong>ess Development<br />
Bra<strong>in</strong>Juicer
What do you want to be when you grow up?
<strong>The</strong> Future <strong>of</strong> <strong>Market</strong> <strong>Research</strong><br />
“<strong>Market</strong> research at its best is m<strong>in</strong>d expand<strong>in</strong>g & pr<strong>of</strong>it<br />
enhanc<strong>in</strong>g, not just risk reduc<strong>in</strong>g. At best, it’s full <strong>of</strong> <strong>in</strong>sight<br />
& illum<strong>in</strong>ation that <strong>in</strong>forms & <strong>in</strong>spires great market<strong>in</strong>g.<br />
At worst, it’s a 120 page <strong>in</strong>surance policy heavy on<br />
numbers, light on <strong>in</strong>sight and usually dead-on-arrival.<br />
Bra<strong>in</strong>Juicer’s mission is simple. To re<strong>in</strong>vent quantitative research<br />
by translat<strong>in</strong>g a generation <strong>of</strong> breakthroughs <strong>in</strong> psychology,<br />
behaviourial economics and social sciences <strong>in</strong>to Juicy tools that<br />
better understand & predict human behaviour.<br />
Our purpose is to <strong>in</strong>spire brave clients to do great market<strong>in</strong>g by<br />
provid<strong>in</strong>g more predictive, explanatory research <strong>in</strong> a<br />
memorable and actionable way.”<br />
John Kearon, Chief Juicer
Bra<strong>in</strong>Juicer® Juicy Products…<br />
Month Yr<br />
FamilyCam®<br />
Wire up homes for long-term<br />
onl<strong>in</strong>e ethnography & product<br />
development, as an <strong>in</strong>spirational<br />
& <strong>in</strong>sightful research resource<br />
Mass Ethnography<br />
Respondents become<br />
researchers, observ<strong>in</strong>g & feed<strong>in</strong>g<br />
back on what other consumers<br />
are do<strong>in</strong>g (ME research).<br />
Predictive <strong>Market</strong>s<br />
Awarded ESOMAR Best<br />
Methodology 2005, utilizes the<br />
wisdom <strong>of</strong> crowds to accurately<br />
screen concepts & promotions<br />
[mandated by Kraft & used by<br />
9 <strong>of</strong> world’s top 20 companies<br />
2005<br />
2005<br />
Award<br />
W<strong>in</strong>ner<br />
Mobile Moments <strong>of</strong> Truth<br />
Real-time research / Insights e.g.<br />
shopper market<strong>in</strong>g, events, touch<br />
po<strong>in</strong>ts track<strong>in</strong>g, new launch track<strong>in</strong>g.<br />
DigiViduals<br />
Digital characters created on Twitter that<br />
listen to what people with similar pr<strong>of</strong>iles<br />
are say<strong>in</strong>g, provid<strong>in</strong>g us with direct<br />
<strong>in</strong>sights <strong>in</strong>to the lives <strong>of</strong> the target<br />
audience.<br />
FaceTrace®<br />
Awarded ESOMAR Best<br />
Methodology 2007, measures<br />
emotional engagement <strong>of</strong> comms &<br />
predict success [mandated by HSBC<br />
& used 4 <strong>of</strong> world’s<br />
top 20 companies]
<strong>The</strong> Future <strong>of</strong> <strong>Market</strong> <strong>Research</strong><br />
For <strong>in</strong>sight<br />
And <strong>in</strong>novation<br />
Seek emtion<br />
And be creative
Any questions?<br />
Susan Casserly Griff<strong>in</strong><br />
EVP, Mark<strong>in</strong>g and Bus<strong>in</strong>ess Development<br />
Bra<strong>in</strong>Juicer<br />
E-mail: susan.griff<strong>in</strong>@bra<strong>in</strong>juicer.com<br />
Tel: +1 917 216 8940<br />
www.bra<strong>in</strong>juicer.com
MARK WHITING<br />
Director<br />
ADDED VALUE, FRANCE
ethnography<br />
sharp th<strong>in</strong>k<strong>in</strong>g<br />
<strong>in</strong>novation<br />
<strong>in</strong>ternational<br />
strategy<br />
susta<strong>in</strong>ability<br />
Added Value<br />
creativity<br />
brand character<br />
luxury<br />
cultural <strong>in</strong>sight<br />
Brand<strong>in</strong>g for Good<br />
consultancy gam<strong>in</strong>g<br />
digital<br />
portfolio management<br />
market mapp<strong>in</strong>g<br />
semiotics<br />
emotions<br />
segmentation<br />
market<strong>in</strong>g <strong>in</strong>spiration<br />
solutions<br />
rigour<br />
equity<br />
trends
Ali Baba’s market<strong>in</strong>g cavern<br />
Between cheese, champagne, cosmetics, furnish<strong>in</strong>g, work<strong>in</strong>g at<br />
Added Value is a bit like be<strong>in</strong>g <strong>in</strong> Ali Baba's market<strong>in</strong>g cavern:<br />
tons <strong>of</strong> excit<strong>in</strong>g <strong>in</strong>sight, <strong>in</strong>novation and brand briefs,<br />
opportunities to discover different categories, subjects, targets,<br />
the chance to build creative bridges, cross-fertilize your m<strong>in</strong>d<br />
and your clients.<br />
It's also about juggl<strong>in</strong>g low tech and high tech tools: from<br />
analys<strong>in</strong>g scrapbook collages made by young mothers, to<br />
chatt<strong>in</strong>g onl<strong>in</strong>e with a bunch <strong>of</strong> lead<strong>in</strong>g edge creative dudes<br />
from Bangkok, New York and Paris.<br />
Audrey<br />
Préparé pour Client Nom du Projet 19/04/2010 Confidentiel<br />
72
We'll never be scared to mix th<strong>in</strong>gs up<br />
Develop<strong>in</strong>g susta<strong>in</strong>able market<strong>in</strong>g, I really feel like an<br />
entrepreneur: start<strong>in</strong>g from noth<strong>in</strong>g and creat<strong>in</strong>g a long-term<br />
viable <strong>of</strong>fer. Develop<strong>in</strong>g new work<strong>in</strong>g methods for our clients,<br />
answer<strong>in</strong>g companies' new needs, develop<strong>in</strong>g a new <strong>of</strong>fer not<br />
only at the market<strong>in</strong>g level, but also at a society level.<br />
In my day-to-day life at Added Value, I feel like a cross between<br />
a sociologist, a consultant and a film director. Nobody here has<br />
just one job - you have to show skills at all levels, from mak<strong>in</strong>g a<br />
video to present<strong>in</strong>g an output to a client. This is one <strong>of</strong> the<br />
th<strong>in</strong>gs that def<strong>in</strong>itely add value.<br />
Thomas<br />
Préparé pour Client Nom du Projet 19/04/2010 Confidentiel<br />
73
Juicy briefs and a great team<br />
Juicy, challeng<strong>in</strong>g, <strong>in</strong>novation briefs and a great team are the<br />
two key <strong>in</strong>gredients that keep the flame burn<strong>in</strong>g after over 15<br />
years <strong>of</strong> Added Value life.<br />
Briefs like: build a beer brand from scratch <strong>in</strong> Russia. Deliver<br />
groundbreak<strong>in</strong>g <strong>in</strong>novation <strong>in</strong> jeans wear. Re<strong>in</strong>vent iced tea<br />
across the world. Create the ultimate city centre retail concept<br />
for 2020. Def<strong>in</strong>itely worth gett<strong>in</strong>g out <strong>of</strong> bed for!<br />
Especially when hunt<strong>in</strong>g for <strong>in</strong>sights and ideas <strong>in</strong>volves<br />
activities like: exchang<strong>in</strong>g with passionate experts around the<br />
world. Build<strong>in</strong>g global creative digital communities. Leverag<strong>in</strong>g<br />
semiotics to decode the future.<br />
Ben<br />
Préparé pour Client Nom du Projet 19/04/2010 Confidentiel<br />
74
From "ni hao" to "goeie môre"<br />
'A roll<strong>in</strong>g stone gathers no moss' they say. It may well be a<br />
cliché, but it still flickers with truth. And I guess, after five years,<br />
four <strong>of</strong>fices and dollop <strong>of</strong> weird and wonderful experiences -<br />
from London and Paris to Cape Town and Shanghai - without a<br />
doubt it's been one hell <strong>of</strong> a ride!<br />
Let's try another cliché; "It's the people". That one fits like a<br />
glove too. Explore four <strong>of</strong>fices and you'll f<strong>in</strong>d a bundle <strong>of</strong><br />
cultures. Each burn<strong>in</strong>g bright. Each <strong>in</strong>spir<strong>in</strong>g you to do<br />
'someth<strong>in</strong>g a little different'. 'Radiators', that's what they're<br />
called. Added Value's full <strong>of</strong> them. People fuelled by passion.<br />
Steve<br />
Préparé pour Client Nom du Projet 19/04/2010 Confidentiel<br />
75
Why ?<br />
We're always look<strong>in</strong>g for Gold nuggets. We're thought diggers.<br />
A state <strong>of</strong> m<strong>in</strong>d that forces you to structure and organise your<br />
thoughts. To connect your thoughts. Every idea is valued,<br />
whether it comes out <strong>of</strong> <strong>in</strong>tuition, chance or a logical trend <strong>of</strong><br />
thoughts - it can be transformed and turned <strong>in</strong>to a nugget.<br />
After beg<strong>in</strong>n<strong>in</strong>g my career <strong>in</strong> market<strong>in</strong>g, I jo<strong>in</strong>ed an NGO<br />
because I was look<strong>in</strong>g for someth<strong>in</strong>g else - someth<strong>in</strong>g that<br />
would make more sense. Why did I then decide to jo<strong>in</strong> Added<br />
Value? Because it was <strong>of</strong>fer<strong>in</strong>g me a new challenge. To give<br />
clients the tools to help them sell ethical products or services -<br />
promot<strong>in</strong>g susta<strong>in</strong>able market<strong>in</strong>g. And susta<strong>in</strong>able market<strong>in</strong>g<br />
isn't just a service <strong>of</strong>fered by Added Value - it strikes me how<br />
much it comes from <strong>in</strong>side people who work here, how deep the<br />
roots go.<br />
So, at the end <strong>of</strong> the day, I'm ask<strong>in</strong>g: why not?<br />
Benoît<br />
Préparé pour Client Nom du Projet 19/04/2010 Confidentiel<br />
76
Our people are the essence <strong>of</strong> who we are<br />
An eclectic community <strong>of</strong> creative problem-solvers.<br />
Who happen to have deep brand, market<strong>in</strong>g and research<br />
experience. And a appetite for the big questions. We have lives<br />
outside <strong>of</strong> work too. We like to th<strong>in</strong>k it makes us better at our<br />
day jobs. This is what we Value.<br />
IS IT SOMETHING YOU CAN ADD?<br />
Préparé pour Client Nom du Projet 19/04/2010 Confidentiel<br />
77
PHYLLIS MACFARLANE<br />
Chairman<br />
GfK NOP, UK
A Career <strong>in</strong> <strong>Market</strong> <strong>Research</strong><br />
Phyllis Macfarlane, Chairman, GfK NOP Ltd<br />
January 31 st 2011
GfK NOP Ltd A Career <strong>in</strong> <strong>Market</strong> <strong>Research</strong> Phyllis Macfarlane 31 st January 2011<br />
In the beg<strong>in</strong>n<strong>in</strong>g …<br />
<strong>Market</strong> <strong>Research</strong> was about help<strong>in</strong>g clients understand the behaviour and<br />
op<strong>in</strong>ions <strong>of</strong> Consumers<br />
It was a ‘science’<br />
Focussed on representative samples<br />
Ask<strong>in</strong>g exactly the right questions<br />
Deliver<strong>in</strong>g quantitative data to clients<br />
But over time it has grown …
GfK NOP Ltd A Career <strong>in</strong> <strong>Market</strong> <strong>Research</strong> Phyllis Macfarlane 31 st January 2011<br />
<strong>The</strong> Evolution <strong>of</strong> <strong>Market</strong> <strong>Research</strong><br />
It was not just about ask<strong>in</strong>g questions …<br />
But audit<strong>in</strong>g what people do<br />
It was not just about ‘Consumers’<br />
Bus<strong>in</strong>esses, doctors, farmers are Customers too<br />
It was not just for the private sector<br />
Governments need to understand their Consumers too<br />
It was not just local<br />
But very much an <strong>in</strong>ternational bus<strong>in</strong>ess<br />
And, most importantly, it is not just about rational <strong>decision</strong>s<br />
But about underly<strong>in</strong>g emotions and motivation
GfK NOP Ltd A Career <strong>in</strong> <strong>Market</strong> <strong>Research</strong> Phyllis Macfarlane 31 st January 2011<br />
And now the Industry faces enormous challenges<br />
Behaviour changes driven by the Internet<br />
Brand relationships with Customers have changed<br />
Possibility for passive measurement <strong>of</strong> behaviour<br />
<strong>The</strong> Emerg<strong>in</strong>g <strong>Market</strong>s<br />
Multiple data-sources<br />
More data than ever before
GfK NOP Ltd A Career <strong>in</strong> <strong>Market</strong> <strong>Research</strong> Phyllis Macfarlane 31 st January 2011<br />
How are our employment practices evolv<strong>in</strong>g?<br />
Historically we had a classic employee pr<strong>of</strong>ile<br />
Rather academic<br />
Fact-based rather than visionary<br />
Detail-oriented rather the big picture<br />
Excellent project management skills<br />
Basically able to design, execute and deliver surveys<br />
A rather ‘narrow’ def<strong>in</strong>ition: specialists rather than generalists
GfK NOP Ltd A Career <strong>in</strong> <strong>Market</strong> <strong>Research</strong> Phyllis Macfarlane 31 st January 2011<br />
How are our employee practices evolv<strong>in</strong>g?<br />
Now, we still need those specialist skills<br />
But it is not enough<br />
Now we employ a wider variety <strong>of</strong> people who can<br />
Understand client bus<strong>in</strong>ess issues<br />
Understand how technology can be used commercially<br />
Implement recommendations <strong>in</strong> clients<br />
Integrate data from different sources<br />
Have an <strong>in</strong>ternational perspective<br />
Communicate results effectively to senior managers
GfK NOP Ltd A Career <strong>in</strong> <strong>Market</strong> <strong>Research</strong> Phyllis Macfarlane 31 st January 2011<br />
Recent examples <strong>of</strong> different skills hired<br />
From digital ad agency<br />
Expert <strong>in</strong> how onl<strong>in</strong>e advertis<strong>in</strong>g works<br />
Journalist<br />
To communicate f<strong>in</strong>d<strong>in</strong>gs to client’s organisation<br />
Social Media specialists<br />
To run our <strong>in</strong>tranet and <strong>in</strong>ternal employee networks<br />
To use social media to recruit staff<br />
Consumer Health experts<br />
To transform our Healthcare bus<strong>in</strong>ess<br />
Data Protection/Privacy Legislation experts<br />
To ensure our passive measurement systems are legal
GfK NOP Ltd A Career <strong>in</strong> <strong>Market</strong> <strong>Research</strong> Phyllis Macfarlane 31 st January 2011<br />
<strong>The</strong> sort <strong>of</strong> people we really want are …<br />
Numerate, <strong>in</strong>terested <strong>in</strong> people and data<br />
And what makes the world go round<br />
Internationally m<strong>in</strong>ded<br />
Commercial and <strong>in</strong>novative, entrepreneurial<br />
Specialists and Generalists<br />
Statisticians<br />
Social Media enthusiasts<br />
Brand and <strong>Market</strong><strong>in</strong>g experts<br />
Data <strong>in</strong>tegrators
GfK NOP Ltd A Career <strong>in</strong> <strong>Market</strong> <strong>Research</strong> Phyllis Macfarlane 31 st January 2011<br />
Our ultimate aim is to employ …<br />
People who want to be ‘thought leaders’<br />
In specific markets<br />
In market<strong>in</strong>g evolution<br />
In market research<br />
In consumer science
GfK NOP Ltd A Career <strong>in</strong> <strong>Market</strong> <strong>Research</strong> Phyllis Macfarlane 31 st January 2011<br />
<strong>The</strong> research we do these days is bus<strong>in</strong>ess focussed …
Campaign Objectives<br />
We wanted talk about the chocolate <strong>in</strong> a CDM<br />
way not a category generic way<br />
Us<strong>in</strong>g the full creative opportunities <strong>of</strong> the<br />
Glass and a Half Full production.
Campaign Overview<br />
Media Channels 9th April 23rd May 3rd June<br />
TV ITV, C4, Five, MCH 9 th April - 23rd May<br />
VOD Onl<strong>in</strong>e and TV<br />
C<strong>in</strong>ema 30th April - 6th May 14th -20th May 28th May -3rd June<br />
Onl<strong>in</strong>e<br />
Brand:<br />
Campaign Period:<br />
Campaign Spend<br />
Cadbury Dairy Milk<br />
9 th April to 3 rd June 2010<br />
Total £3.6m<br />
Google AdWords, YouTube,<br />
Facebook 9th April - 3rd June<br />
Source:<br />
Spend data for c<strong>in</strong>ema and televison: Billetts Media Monitor<strong>in</strong>g. Spend data for onl<strong>in</strong>e : Provided by PHD Media.
<strong>Research</strong> Design<br />
Measurement Period<br />
1st October 2009<br />
Data Inputs from<br />
MEP<br />
9 th April – 30 th May<br />
14 th June<br />
Pre Campaign sales Campaign Post Campaign Sales<br />
TV Measurement<br />
Based on the survey data, calibrated to BARB<br />
C<strong>in</strong>ema<br />
Survey based<br />
Onl<strong>in</strong>e Measurement<br />
Nurago LeoTrace s<strong>of</strong>tware captured exposure to the<br />
campaign with tagg<strong>in</strong>g<br />
Purchaser, demographic<br />
and <strong>in</strong> store promotion<br />
Analytics
Executive summary<br />
• <strong>The</strong> onl<strong>in</strong>e element <strong>of</strong> the campaign (<strong>in</strong> particular YouTube promoted video)<br />
delivers Cadbury a significantly higher return on <strong>in</strong>vestment compared to TV<br />
• Given such an established brand the campaign as a whole has been successful<br />
<strong>in</strong> driv<strong>in</strong>g 3.5% <strong>of</strong> sales. Onl<strong>in</strong>e budgets have worked the hardest <strong>in</strong> driv<strong>in</strong>g<br />
<strong>in</strong>cremental sales, provid<strong>in</strong>g a more focused and targeted approach<br />
• <strong>The</strong> campaign has been effective for the Cadbury brand overall as well as for<br />
driv<strong>in</strong>g Cadbury Dairy Milk sales<br />
• Target group (15-34) show an even better response to the onl<strong>in</strong>e campaign<br />
displayed by a higher uplift <strong>in</strong> sales<br />
• Overall confirmation <strong>of</strong> an effective and efficient media mix. Valuable <strong>in</strong>cremental<br />
reach and exclusive reach achieved by all aspects <strong>of</strong> the onl<strong>in</strong>e campaign and<br />
particularly with YouTube
Onl<strong>in</strong>e, particularly YouTube,was an effective medium<br />
for target<strong>in</strong>g 15-34’s who were less likely to be exposed<br />
to TV ads.<br />
Gross Campaign Reach and Frequency<br />
Source: UK Media Efficiency Panel 2010<br />
Sample : 5,184 households<br />
4.1 | 3.9 3.6 | 3.7 10.7 | 11.8 2.2 | 2.4<br />
Average frequency over the campaign period
Over 7 times as much reach can be achieved<br />
per pound spent onl<strong>in</strong>e vs. TV<br />
Index <strong>of</strong> reach po<strong>in</strong>t achieved per £1 <strong>in</strong>vestment<br />
Base <strong>of</strong> TV<br />
Source: UK Media Efficiency Panel 2010<br />
Source: UK Media Efficiency Panel 2010<br />
Sample : 5,184 households<br />
Spend data for c<strong>in</strong>ema and televison: Billetts Media Monitor<strong>in</strong>g. Spend data for onl<strong>in</strong>e : Provided by PHD Media.
TV (57.7%)<br />
<strong>The</strong> <strong>in</strong>cremental reach <strong>of</strong> onl<strong>in</strong>e was significant- two<br />
thirds <strong>of</strong> those reached onl<strong>in</strong>e were exclusive<br />
Reach <strong>of</strong> Television and Onl<strong>in</strong>e<br />
Total Audience<br />
TV-campaign 11.5% 19.3%<br />
reach:<br />
57.7%<br />
62.8%<br />
<strong>of</strong> all onl<strong>in</strong>e contacts had no TV contact.<br />
Onl<strong>in</strong>e delivered 19.3% <strong>in</strong>cremental reach.<br />
Source: UK Media Efficiency Panel 2010<br />
Sample : TV- 2,990, Onl<strong>in</strong>e- 1,597<br />
Onl<strong>in</strong>e (30.8%)<br />
TV (46.1%)<br />
Reach <strong>of</strong> Television and Onl<strong>in</strong>e<br />
15-34<br />
Onl<strong>in</strong>e (47.9%)<br />
TV-campaign<br />
reach:<br />
14.7% 33.2%<br />
57.7%<br />
69.3%<br />
<strong>of</strong> all onl<strong>in</strong>e contacts had no TV contact.<br />
Onl<strong>in</strong>e delivered 33.2% <strong>in</strong>cremental reach.
ROI is higher onl<strong>in</strong>e, with YouTube’s Promoted<br />
Video show<strong>in</strong>g exceptional returns<br />
Source: UK Media Efficiency Panel 2010<br />
TV- 1,401, Onl<strong>in</strong>e- 347, YouTube Promoted Video-250<br />
Spend provided by PHD Media.<br />
Return on Investment for every £1 media spend
Identify<strong>in</strong>g opportunities for <strong>in</strong>creas<strong>in</strong>g<br />
sales<br />
Bus<strong>in</strong>ess aim<br />
Increase sales <strong>of</strong> a high<br />
spec vehicle to generate<br />
higher revenue and pr<strong>of</strong>it<br />
© 2010 GfK NOP<br />
Key steps<br />
Onl<strong>in</strong>e survey with<br />
owners <strong>of</strong> basic and higher<br />
spec vehicles to<br />
understand the buy<strong>in</strong>g<br />
process<br />
Creation <strong>of</strong> scenarios to<br />
explore revenue<br />
implications<br />
Company Demonstrat<strong>in</strong>g<br />
Automotive<br />
Manufacturer<br />
Bus<strong>in</strong>ess outcome…<br />
ROI, Customer acquisition<br />
and value<br />
Each test drive with the high spec model created<br />
3.3 times more sales revenue vs. a test drive<br />
with a basic model<br />
By <strong>in</strong>creas<strong>in</strong>g the number <strong>of</strong> test drives with the<br />
high spec model (i.e. more high spec models<br />
available for test drives), a greater number <strong>of</strong><br />
customers would purchase it<br />
Assum<strong>in</strong>g the number <strong>of</strong> test drives rema<strong>in</strong>ed<br />
the same, but the proportion <strong>of</strong> with the high<br />
spec model could be doubled…this could<br />
generate an additional €8.4 million sales<br />
revenue<br />
In 3% <strong>of</strong> cases, the high spec model was not<br />
available for purchase…this equates to lost<br />
revenue <strong>of</strong> €4 million
Establish<strong>in</strong>g a brand’s f<strong>in</strong>ancial value<br />
Bus<strong>in</strong>ess aim<br />
A loan provider was<br />
consider<strong>in</strong>g chang<strong>in</strong>g its<br />
brand name <strong>in</strong> a number <strong>of</strong><br />
markets as part <strong>of</strong> a broader<br />
brand reposition<strong>in</strong>g. <strong>The</strong>y<br />
needed to estimate the<br />
f<strong>in</strong>ancial value <strong>of</strong> their brand<br />
to decide whether this was<br />
the best way forward<br />
© 2010 GfK NOP<br />
Key steps<br />
A comb<strong>in</strong>ation <strong>of</strong> conjo<strong>in</strong>t<br />
analysis and BPI (Brand<br />
Potential Index) was used<br />
across six markets to<br />
establish the “quantity”<br />
premium i.e. the uplift <strong>in</strong><br />
sales attributed to the brand<br />
separate from the specifics<br />
<strong>of</strong> the product<br />
<strong>The</strong> “quantity” premium<br />
attached to the brand was<br />
identified, i.e. the uplift <strong>in</strong><br />
sales that could be<br />
attributed to the brand<br />
separate from the specifics<br />
<strong>of</strong> the product. This premium<br />
was expressed as a<br />
percentage <strong>of</strong> turnover for<br />
each market to give a<br />
f<strong>in</strong>ancial value<br />
Bus<strong>in</strong>ess outcome…<br />
Company Demonstrat<strong>in</strong>g<br />
F<strong>in</strong>ancial Loan<br />
Provider<br />
ROI, Brand management<br />
expertise, Statistics<br />
<strong>The</strong> research identified that the “premium” equity<br />
<strong>of</strong> the brand ranged from between 40% and 86%<br />
depend<strong>in</strong>g on market. In revenue terms, this<br />
equated to over €100 million value <strong>in</strong> the company’s<br />
largest market<br />
<strong>The</strong> f<strong>in</strong>d<strong>in</strong>gs showed that the brand contributed<br />
strongly to customers’ choice <strong>of</strong> loan and justified<br />
cont<strong>in</strong>ued support <strong>of</strong> the exist<strong>in</strong>g brand name<br />
across all markets<br />
However, the position<strong>in</strong>g <strong>of</strong> the brand and the type<br />
<strong>of</strong> support differed by market. Pr<strong>of</strong>il<strong>in</strong>g brand image<br />
and customer service perceptions enabled further<br />
improvements to the brand <strong>in</strong> each market
Maximis<strong>in</strong>g revenue through identify<strong>in</strong>g<br />
lost opportunities<br />
Bus<strong>in</strong>ess aim<br />
Implement improvements<br />
to ensure maximum<br />
returns are received from<br />
Travel Money exchanges<br />
© 2010 GfK NOP<br />
Key steps<br />
Mystery shopp<strong>in</strong>g<br />
assessments with<br />
customers and noncustomers<br />
us<strong>in</strong>g a nonstandard<br />
amount (€175)<br />
Evaluate potential <strong>of</strong> lost<br />
opportunities and<br />
recommend actions for<br />
change<br />
Company Demonstrat<strong>in</strong>g<br />
F<strong>in</strong>ancial<br />
Services<br />
Bus<strong>in</strong>ess outcome…<br />
ROI, Customer acquisition<br />
and value<br />
One <strong>in</strong> five unable to exchange money<br />
(estimated to be €3 million lost revenue)<br />
Non-standard amounts led to delay <strong>in</strong> provid<strong>in</strong>g<br />
money or a high degree <strong>of</strong> down-sell<strong>in</strong>g<br />
(estimated to be €8.4 million lost revenue)<br />
Staff are recommend<strong>in</strong>g competitors or not<br />
promot<strong>in</strong>g “commission free” if assessors<br />
question the competitiveness (estimated to be<br />
€9 million lost revenue)<br />
Any request for “travel money” should trigger a<br />
query around travel <strong>in</strong>surance and potentially<br />
credit cards (so cross-sell<strong>in</strong>g opportunities are<br />
maximised)
Q & A and<br />
Open Discussion
CLOSING
CONGRESS<br />
CONGRESS<br />
AMSTERDAM<br />
AMSTERDAM<br />
2011<br />
2011<br />
18 18 - 21 September<br />
IMPACT IMPACT - <strong>Research</strong> Reloaded<br />
<strong>The</strong> <strong>The</strong> call call call for for speakers speakers speakers is is now now now open! open!<br />
open!<br />
Deadl<strong>in</strong>e Deadl<strong>in</strong>e for for synopses: synopses:<br />
synopses:<br />
11 11 February, February, 2011 2011<br />
2011
<strong>The</strong> <strong>role</strong> <strong>of</strong> <strong>Market</strong> <strong>Research</strong><br />
<strong>in</strong> <strong>decision</strong> mak<strong>in</strong>g<br />
EM Lyon Bus<strong>in</strong>ess School<br />
31 January 2011