I am quite sure I work for an “industry”. Foreign countries colleagues would agree with me, probably. Italian colleagues would say “Are you sure?”.
Proliferation of literature, cinema, theatre works is a clear evidence of the existence of an “industry”, lawyers know what I mean.
It’s so strange… even housewives have a TV series, not to mention politicians, cops, journalists…
No one is preparing a series for Fox channels or a great movie with Robert Redford playing as a market researcher (I also imagine Clint Eastwood as a bungled drunk statistician).
I am afraid Market Research could enjoy jokes only: here it is a classical “love letter” from a statistician.
Sometimes I meet research customers (or prospect customers) who ask me: “Which kind of techniques do you employ at your institute?“. Usually I answer “Just a bit of everyone “. I understand the meaning of the question: MR is a whole made by empirical experience, so if you “use, know,employ” certain techniques, you are supposed to be “skilled enough“.
But I prefer to talk about another matter: which kind of techniques would fit with your purpose. Let’s take an example: new concept or new products. They deal with the notorious newcomer’s dilemma: if you propose a new sentence (concept, thesis, product, …), mainstream could not to listen to you; if you propose a mere variation of a known sentence (concept, thesis, product, …), you wouldn’t be new and probably outsmart by your competitors who have a more well-established position.
Choose the right research mix is surely the right option. In the past years unwarranted researches drove to several dramatic flop (do you remember when gurus told us that no one would have chosen a mobile phone to take a photo and that the “real business” was in “multimedia content streamed by phone services”?).
Follow the video and laugh with me…
A bright new product… ancient times focus group