Showing posts with label market research methods. Show all posts
Showing posts with label market research methods. Show all posts

Wednesday, November 19, 2008

Confirmation bias in market research: The circular references

If you've ever implemented a formula in a spreadsheet like Excel, you've probably experienced the Circular Reference Warning at some time or another. That's the one that tells you your formula relies on the value of itself to calculate itself...a self-referencing system of sorts.

I was reminded of the self-referencing nature of some market research when participating in an online survey panel recently. The survey contained many questions with four-box response options. For example:

How likely would you be to invest in a company whose reputation is environmentally friendly?

1. Highly unlikely
2. Somewhat unlikely
3. Somewhat likely
4. Highly likely

Overlooking the construct of the question itself, the challenge with this response format is that it forces the respondent to have an opinion..What if I am neither? Certainly a four box response provides a neat and tidy interpretation for the researchers...no ambiguity, no fence sitting. But does it capture any truth?

What's wrong with discovering that your survey audience has no opinion? Isn't that an opportunity for marketing? Or would we rather that the survey force the issue? Requiring that the audience declare themselves as conforming to one side or the other of a binary world view?

If the opposite of love is apathy how does a four-box, love-hate response provide a reference point we don't already possess?

Tuesday, October 28, 2008

Rational and Emotional: Methods for understanding consumers

Using Qualititative and Quantitative Methods to Understand Consumers

A Panel discussion featuring JP Gownder of Forrester; Meredith Lind of Momentum Market Intelligence; and Robin Beers of Wells Fargo.


Research Methods:
  • Important to match the type of research to the organization's culture [numbers versus stories].
  • Qualitative [focus groups; interviews] Quantitative [surveys]; and Ethnographic [observation in context].
  • [Market researchers need help in information design...especially in ppt :) ]
  • Ethnography: all about the context of the participant's life [akin to usability testing in situ]
  • Methodologies work best when mixed [focus groups alone are a dangerous way to proceed unless you are looking for confirmation of your biases]
Recommended sequence of study:
  • Ethnography-->Focus Groups--> Survey 
  • [it does beg the question of online ethnography: studying the conversation online may be it's own outcome. Likewise, participating in the conversation as a marketer may not require formal research to generate ideas, especially if the participants are generating the ideas]
  • Broadening the scope of research to include contexts that span household and work.
"Ethnography privledges the native's point of view" [...applied to marketing this would be privledging the customer's point of view...from software it's user-centered design.]