In an era where insight and data drive most business decisions, the effectiveness of research methodologies has never been more scrutinised. Our report dives deep into the challenges and evolving landscape of market research, revealing critical insights that could reshape how your organisation approaches its next project.
Despite a widespread notion within the industry, 65% of professionals doubt the effectiveness of current research practices in delivering meaningful insights. This skepticism is mirrored by an 18% gulf between the perceptions of senior management and practitioners, indicating a significant disconnect in the perceived value of research outputs.
Our study, which encompasses responses from over 1,000 professionals across various sectors and countries, explores five core areas:
The report uncovers a stark contrast between those who create research and those who use it. Implementers often struggle to find research actionable, highlighting a long-standing disconnect between insight and outcome. To bridge this gap, we recommend enhancing the documentation and delivery of insights through interactive and continually updated formats.
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Moreover, budget constraints do not necessarily limit effectiveness. Our findings suggest that smaller, more targeted research efforts often yield more impactful insights than larger, less focused initiatives. This calls for a shift towards more agile and regular research cycles that can adapt to rapidly changing market conditions.
In conclusion, the path to effective research is not just about gathering data but transforming that data into actionable strategies that drive business outcomes. Our report serves as a blueprint for this transformation, providing both a diagnostic and a set of recommendations for enhancing the impact of your research efforts.
For a deeper dive into these insights and to learn how you can leverage them for your organisation, download the full report by entering your details in the form below.
Join us in redefining what it means to be effective in the realm of market research.