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Making Successful Decisions
It All Starts With The Hard Facts
Just how do you make decisions?
Marketing. Programming. Product Line. It's disturbing how
many of these decisions are based solely on past history,
trial and error or gut feelingespecially
in today's highly competitive, rapidly changing environment,
where decisions must stay ahead of the present by anticipating
the future.
Today,
wise business, professional and institutional leaders know
the value of research as a planning tool. The kind of objective,
penetrating fact-finding that keeps you informed about the
real needs and desires of your markets
your constituents
your
audience. If you trust your hunches completely,
then research is not for you. But, in todays world,
intuition is often a poor substitute for hard facts.
Even though you know your organization inside out, do you
honestly know how your products, services or programs are
perceived by otherscustomers, competitors, consumers,
contributors, etc?
Listening to the marketplaceresearch can:
help define the characteristics
of your market or audience
provide data you need to predict
future sales, fund raising
measure effectiveness of your communications
program
keep your business or organization
profitable
Now
ask yourself the real question about research: can you afford
not to use it? Remember, research need not be overly complex
or expensive to be useful and effective. Research can help
illuminate practically every facet of your marketing or communications
program. You can:
pinpoint audiences
discover and analyze consumer habits,
attitudes and preferences
find out just who influences crucial
buying/contributing decisions
respond to needs and wants with new
or improved products, services, programs
Research
also can delineate your organizations image
uncover
small problems before they grow large
let you see how
you stack up against your competition
provide for employee
feedback
chart new directions
and measure how fast
youre getting there.
It costs less to know than it does not to.
Sound research data can protect you from costly errorsdollars
wasted on untimely product development or off-target sales
promotion.
How do we handle research?
At the Riger Agency, we can conduct thorough research from
start to finish or any portion thereof, including:
Discussion of objectives
Assessment of target audience(s)
and other information sources Design
of questionnaire and development of approach to interview
Pre-test questionnaire
Interview
Gathering of findings
Tabulation, analysis
Report on findings (including interpretation)
Formulation of a heres
where we go from here plan
(discussion of the research projects ramifications for
your
organizations marketing/programming effort and resulting
communications needs)
How
much does it cost?
Perhaps the question should really be stated: How much might
it cost if you dont research? Input from a soundly planned
and well-executed research effort can be the ounce of
prevention that eliminates the need for a pound
of cure later on.
Seldom are two research projects exactly alike. But there
are some basic guidelines for determining cost:
Preliminary consultation.
At this initial session, we will ask
questions and gather information regarding the background
of your
situation, your objectives, problems (if any), previous research
findings, etc. For this first get-together, there is no charge.
Following this consultation, we will furnish you with an estimate
of
cost for the research which needs to be done.
Development of research plan
and recommendations. Next, at your authorization, we will
formulate a detailed plan for meeting your research requirements,
together with recommendations on how the plan is to be executed.
This plan may include an assessment of target audience(s)
and/or information sources, as well as the preliminary design
of the questionnaire(s) to be used. Before we embark on this
phase of your project, we require a down payment. (The amount
is determined by the scope of the plan and project.)
Remember,
there are major advantages to using an outside firm to
conduct your market research. First, we bring an objective,
outside point of view to your research. And objectivity is
vital to vaild research findings. Too, when you cost-account
your own involvement in research, youll find its
usually much more cost-effective to have a professional research
firm like ours handle the project for you.
Related topics:
More research tips are available in our article "Market
ReaserchIs it really necessary?"
When it comes to your next New Media project, research begins
with your own careful evaluation. Learn more in the Riger
"Web Project Start-Up Q&A."
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