Research & Innovation
Leaving our comfort zone:
21st Century Market Research
Advances in social media, the empowerment of everyday consumers, and the need for more actionable insights fuel a mandate for market research to do more, faster. These developments create great opportunity for researchers to exercise strategic leadership, to inspire and innovate by bringing the voice of the customer to life, to apply new insights to complex business problems, and to produce creative, timely and actionable recommendations to drive business results.
But the use of social media-driven research also fuels the quality debate that’s been raging for years, creating worries about declining response rates, questionable respondents, sample size, and projectability. Market researchers need to consider and address these legitimate concerns, while also recognizing the ways in which online, social, community-based research can actually strengthen validity and enhance quality.
To take that leap, it’s helpful to think in terms of tradeoffs, to understand what researchers are risking—and gaining—by shifting their focus and methods.
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