SlideShare a Scribd company logo
1 of 9
Download to read offline
The Integration of Market Research &
      Competitive Intelligence




       Presented by SIS International Research
                    March 2010
THE OVERALL DIFFERENCE 

Market Research
  Tells you what you want and need to know
  “Is a science”



Business Intelligence
  May tell you what you don’t want to know
  “Is an art”




                Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved.   •2
THE EVOLUTION AND THE “ERA”
OF MARKET RESEARCH
Market research evolved during the post World War II period,
driven by the rapidly growing US consumer market

During the 1950’s – the 1970’s, application of scientific and
analytical methods were employed for:

   market segmentation
   market projection
   development of consumer profiles
   attitudes and usage studies
   new product concept testing
   tracking and performance/measurement studies of retail
   products
   customer satisfaction studies

           Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved.   •3
THE “ERA OF COMPETITION” –
THE EMERGENCE OF COMPETITIVE INTELLIGENCE

  During the 1980s, the US economy experienced intense
  competition from Japan, followed by other Asian
  countries, in the automotive and manufacturing
  segments.

  Out of “defensive” measures to protect their domestic
  market shares, US firms started to monitor their domestic
  and foreign competition.

  CI Research methods primarily consisted of scanning the
  literature and primary research.

  1986 – The emergence of SCIP; professional organization


         Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved.   •4
IN THE POST COMMUNIST PERIOD 1990s

The world began to “go global”

Market research “went global” to the developing countries
[e.g. China, India, Russia, Latin America, etc.]
   Was primarily quantitative

On the other hand, CI was most developed in the US
  Was primarily qualitative

The problem: Most firms knew how to use market research data
and findings but did not know how to use BI/CI studies

The challenge remains: “to turn CI into actionable information”


          Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved.   •5
CONTRAST IN RESEARCH METHODS
Aspect of Research                   Market Research                                  CI Methods

Focus                              On the present and                        On past, present and
                                   past behavior                             future
Level of impact                    Moderate                                  High – “have more to
                                                                             lose and gain”
Research Method                    “Structured”                              “Unstructured
                                   qualitative and                           qualitative”
                                   quantitative
Target respondents                 Identified and known                      Unknown

Method of                          Questionnaire and                         “Oblique” or indirect
interviewing                       direct questions
Method of Analysis                 Crosstabs, statistical                    “Putting the pieces of
                                   analysis                                  a puzzle together”
               Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved.          •6
IN THE 21ST CENTURY –
THE INTEGRATION OF MARKET RESEARCH AND COMPETITIVE
INTELLIGENCE


 Corporate downsizing has forced strategic planning,
 market research, and competitive intelligence to become
 “more efficient,” and in some firms, to merge into one
 department.

 The results of market research studies are comparatively
 easier to track than CI studies.

 The integration of both of these methods generates a
 “powerful cocktail” of intelligence for the organization if
 they know how to utilize the information for strategic and
 tactical decision making.


          Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved.   •7
EXAMPLES OF HOW TO INTEGRATE MARKET
RESEARCH AND COMPETTIVE INTELLIGENCE
  Market Research                       Competitive                                 Integrated
                                        Intelligence                               Intelligence
 Market Segmentation Analysis of existing                                  Results in strategic
 Study               and new competitor                                    re-positioning of the
                     entry into these                                      markets
                     segments
 Focus Groups on new Conduct a search of                                   Integration of the
 product concept test potential new                                        competitive products
                      products or start up                                 into the focus groups
                      firms                                                and the analysis
 Conjoint Price                  Competitive pricing                       Development of
 analysis                                                                  tactical and long
                                                                           term pricing analysis
                                                                           with scenarios
             Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved.         •8
SUMMARY/CONCLUSIONS
 Opportunity exists to integrate business intelligence with
 market research to achieve maximum “intelligence yield”

 Caution: monitor the projects to avoid duplication

 Remember: market research and BI/CI employ different skill
 sets
    Do not assume that the research executives can be
    “cross functional”

 A database should be created which catalogues these
 “hybrid” projects to enable your firm to track the success of
 this functional area

          Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved.   •9

More Related Content

Similar to The Integration Of Market Research And Competitive Intelligence March 2010

International Marketing Research:Complete Aspect.
International Marketing Research:Complete Aspect.International Marketing Research:Complete Aspect.
International Marketing Research:Complete Aspect.Ashutosh Mishra
 
In-house Market Research
In-house Market ResearchIn-house Market Research
In-house Market ResearchPollenStrategy
 
Concentric PD powered by fido
Concentric PD powered by fidoConcentric PD powered by fido
Concentric PD powered by fidoJohn Englehart
 
Oversear market research
Oversear market researchOversear market research
Oversear market researchStudsPlanet.com
 
Marketing Strategy Framework Primer
Marketing Strategy Framework PrimerMarketing Strategy Framework Primer
Marketing Strategy Framework PrimerDamon Gjording
 
Market and Customer Development - Entrepreneurship 101
Market and Customer Development - Entrepreneurship 101 Market and Customer Development - Entrepreneurship 101
Market and Customer Development - Entrepreneurship 101 MaRS Discovery District
 
Competitive Intelligence Management
Competitive Intelligence ManagementCompetitive Intelligence Management
Competitive Intelligence ManagementHendry Hartono
 
WRFY Navigating Strategic Possibilities and Crystallising - 3 February 2017
WRFY Navigating Strategic Possibilities and Crystallising - 3 February 2017WRFY Navigating Strategic Possibilities and Crystallising - 3 February 2017
WRFY Navigating Strategic Possibilities and Crystallising - 3 February 2017Chanel Witbooi
 
The impact of Social Media on Marketing Strategy
The impact of Social Media on Marketing StrategyThe impact of Social Media on Marketing Strategy
The impact of Social Media on Marketing StrategyNew River Marketing
 
Market Research and Knowledge Management
Market Research and Knowledge ManagementMarket Research and Knowledge Management
Market Research and Knowledge Managementrotciv
 
Lecture 15
Lecture 15Lecture 15
Lecture 15manish
 
Market research
Market research Market research
Market research Bora Som
 
CI Top Trends Deck
CI Top Trends DeckCI Top Trends Deck
CI Top Trends Deckquaero
 
Competitive intelligence
Competitive intelligenceCompetitive intelligence
Competitive intelligenceChandra Pandey
 
Competitive intelligence final
Competitive intelligence finalCompetitive intelligence final
Competitive intelligence finalChandra Pandey
 

Similar to The Integration Of Market Research And Competitive Intelligence March 2010 (20)

International Marketing Research:Complete Aspect.
International Marketing Research:Complete Aspect.International Marketing Research:Complete Aspect.
International Marketing Research:Complete Aspect.
 
In-house Market Research
In-house Market ResearchIn-house Market Research
In-house Market Research
 
Concentric PD powered by fido
Concentric PD powered by fidoConcentric PD powered by fido
Concentric PD powered by fido
 
Oversear market research
Oversear market researchOversear market research
Oversear market research
 
Marketing Strategy Framework Primer
Marketing Strategy Framework PrimerMarketing Strategy Framework Primer
Marketing Strategy Framework Primer
 
Roi Detailed
Roi DetailedRoi Detailed
Roi Detailed
 
Market and Customer Development - Entrepreneurship 101
Market and Customer Development - Entrepreneurship 101 Market and Customer Development - Entrepreneurship 101
Market and Customer Development - Entrepreneurship 101
 
Competitive Intelligence Management
Competitive Intelligence ManagementCompetitive Intelligence Management
Competitive Intelligence Management
 
Final gfk
Final gfkFinal gfk
Final gfk
 
WRFY Navigating Strategic Possibilities and Crystallising - 3 February 2017
WRFY Navigating Strategic Possibilities and Crystallising - 3 February 2017WRFY Navigating Strategic Possibilities and Crystallising - 3 February 2017
WRFY Navigating Strategic Possibilities and Crystallising - 3 February 2017
 
The impact of Social Media on Marketing Strategy
The impact of Social Media on Marketing StrategyThe impact of Social Media on Marketing Strategy
The impact of Social Media on Marketing Strategy
 
Service marketing trends 2011
Service marketing trends 2011Service marketing trends 2011
Service marketing trends 2011
 
Market Research and Knowledge Management
Market Research and Knowledge ManagementMarket Research and Knowledge Management
Market Research and Knowledge Management
 
Lecture 15
Lecture 15Lecture 15
Lecture 15
 
Market research
Market research Market research
Market research
 
Improving Validity of market research
Improving Validity of market research Improving Validity of market research
Improving Validity of market research
 
CI Top Trends Deck
CI Top Trends DeckCI Top Trends Deck
CI Top Trends Deck
 
Competitive intelligence
Competitive intelligenceCompetitive intelligence
Competitive intelligence
 
Competitive intelligence final
Competitive intelligence finalCompetitive intelligence final
Competitive intelligence final
 
Agriculture
AgricultureAgriculture
Agriculture
 

More from ResearchShare

Up Close and Personal With Your Consumers
Up Close and Personal With Your ConsumersUp Close and Personal With Your Consumers
Up Close and Personal With Your ConsumersResearchShare
 
Rethinking Concept Testing to Innovate With Customers
Rethinking Concept Testing to Innovate With CustomersRethinking Concept Testing to Innovate With Customers
Rethinking Concept Testing to Innovate With CustomersResearchShare
 
What's Next For Google Consumer Surveys
What's Next For Google Consumer SurveysWhat's Next For Google Consumer Surveys
What's Next For Google Consumer SurveysResearchShare
 
Researching Like It’s the 1990’s? Get Agile and Leap to 2013
Researching Like It’s the 1990’s? Get Agile and Leap to 2013Researching Like It’s the 1990’s? Get Agile and Leap to 2013
Researching Like It’s the 1990’s? Get Agile and Leap to 2013ResearchShare
 
Tracking Multichannel, Real Time Customer Experience
Tracking Multichannel, Real Time Customer ExperienceTracking Multichannel, Real Time Customer Experience
Tracking Multichannel, Real Time Customer ExperienceResearchShare
 
Mobile Research - Stepping Ahead
Mobile Research - Stepping AheadMobile Research - Stepping Ahead
Mobile Research - Stepping AheadResearchShare
 
Sharing is Good Karma
Sharing is Good KarmaSharing is Good Karma
Sharing is Good KarmaResearchShare
 
Focus groups for design research
Focus groups for design researchFocus groups for design research
Focus groups for design researchResearchShare
 
Net Gain 6 Presentation: Riding The Change Wave
Net Gain 6 Presentation: Riding The Change WaveNet Gain 6 Presentation: Riding The Change Wave
Net Gain 6 Presentation: Riding The Change WaveResearchShare
 
Usability testing for qualitative researchers
Usability testing for qualitative researchersUsability testing for qualitative researchers
Usability testing for qualitative researchersResearchShare
 
JetJaw Mobile Market Research
JetJaw Mobile Market ResearchJetJaw Mobile Market Research
JetJaw Mobile Market ResearchResearchShare
 
Web Technologies for Mobile Engagement | JetJaw presentation @ MRMW11
Web Technologies for Mobile Engagement | JetJaw presentation @ MRMW11Web Technologies for Mobile Engagement | JetJaw presentation @ MRMW11
Web Technologies for Mobile Engagement | JetJaw presentation @ MRMW11ResearchShare
 
Using Mobile Qualitatively to Transform Insight Generation | Schwitzer $ Sl...
Using Mobile Qualitatively to Transform Insight Generation | Schwitzer $ Sl...Using Mobile Qualitatively to Transform Insight Generation | Schwitzer $ Sl...
Using Mobile Qualitatively to Transform Insight Generation | Schwitzer $ Sl...ResearchShare
 
Hallmark's Journey into Social Media | Hallmark @ MRMW 2011
Hallmark's Journey into Social Media | Hallmark @ MRMW 2011Hallmark's Journey into Social Media | Hallmark @ MRMW 2011
Hallmark's Journey into Social Media | Hallmark @ MRMW 2011ResearchShare
 
The Newa of Expressive Research | scenarioDNA @ MRMW 2011
The Newa of Expressive Research | scenarioDNA @ MRMW 2011The Newa of Expressive Research | scenarioDNA @ MRMW 2011
The Newa of Expressive Research | scenarioDNA @ MRMW 2011ResearchShare
 
Understanding of Smartphones as a Survey Platform | Thumbspeak @ MRMW 2011
Understanding of Smartphones as a Survey Platform | Thumbspeak @ MRMW 2011Understanding of Smartphones as a Survey Platform | Thumbspeak @ MRMW 2011
Understanding of Smartphones as a Survey Platform | Thumbspeak @ MRMW 2011ResearchShare
 
Using Market Research For Product Development
Using Market Research For Product DevelopmentUsing Market Research For Product Development
Using Market Research For Product DevelopmentResearchShare
 
Customer Loyalty: How to Win Devotion From Your Customers
Customer Loyalty: How to Win Devotion From Your CustomersCustomer Loyalty: How to Win Devotion From Your Customers
Customer Loyalty: How to Win Devotion From Your CustomersResearchShare
 
A Practical Guide to Market Segmentation
A Practical Guide to Market SegmentationA Practical Guide to Market Segmentation
A Practical Guide to Market SegmentationResearchShare
 

More from ResearchShare (20)

Up Close and Personal With Your Consumers
Up Close and Personal With Your ConsumersUp Close and Personal With Your Consumers
Up Close and Personal With Your Consumers
 
Rethinking Concept Testing to Innovate With Customers
Rethinking Concept Testing to Innovate With CustomersRethinking Concept Testing to Innovate With Customers
Rethinking Concept Testing to Innovate With Customers
 
What's Next For Google Consumer Surveys
What's Next For Google Consumer SurveysWhat's Next For Google Consumer Surveys
What's Next For Google Consumer Surveys
 
Researching Like It’s the 1990’s? Get Agile and Leap to 2013
Researching Like It’s the 1990’s? Get Agile and Leap to 2013Researching Like It’s the 1990’s? Get Agile and Leap to 2013
Researching Like It’s the 1990’s? Get Agile and Leap to 2013
 
Tracking Multichannel, Real Time Customer Experience
Tracking Multichannel, Real Time Customer ExperienceTracking Multichannel, Real Time Customer Experience
Tracking Multichannel, Real Time Customer Experience
 
Mobile Research - Stepping Ahead
Mobile Research - Stepping AheadMobile Research - Stepping Ahead
Mobile Research - Stepping Ahead
 
Sharing is Good Karma
Sharing is Good KarmaSharing is Good Karma
Sharing is Good Karma
 
Focus groups for design research
Focus groups for design researchFocus groups for design research
Focus groups for design research
 
Net Gain 6 Presentation: Riding The Change Wave
Net Gain 6 Presentation: Riding The Change WaveNet Gain 6 Presentation: Riding The Change Wave
Net Gain 6 Presentation: Riding The Change Wave
 
Usability testing for qualitative researchers
Usability testing for qualitative researchersUsability testing for qualitative researchers
Usability testing for qualitative researchers
 
Some like it mobile
Some like it mobileSome like it mobile
Some like it mobile
 
JetJaw Mobile Market Research
JetJaw Mobile Market ResearchJetJaw Mobile Market Research
JetJaw Mobile Market Research
 
Web Technologies for Mobile Engagement | JetJaw presentation @ MRMW11
Web Technologies for Mobile Engagement | JetJaw presentation @ MRMW11Web Technologies for Mobile Engagement | JetJaw presentation @ MRMW11
Web Technologies for Mobile Engagement | JetJaw presentation @ MRMW11
 
Using Mobile Qualitatively to Transform Insight Generation | Schwitzer $ Sl...
Using Mobile Qualitatively to Transform Insight Generation | Schwitzer $ Sl...Using Mobile Qualitatively to Transform Insight Generation | Schwitzer $ Sl...
Using Mobile Qualitatively to Transform Insight Generation | Schwitzer $ Sl...
 
Hallmark's Journey into Social Media | Hallmark @ MRMW 2011
Hallmark's Journey into Social Media | Hallmark @ MRMW 2011Hallmark's Journey into Social Media | Hallmark @ MRMW 2011
Hallmark's Journey into Social Media | Hallmark @ MRMW 2011
 
The Newa of Expressive Research | scenarioDNA @ MRMW 2011
The Newa of Expressive Research | scenarioDNA @ MRMW 2011The Newa of Expressive Research | scenarioDNA @ MRMW 2011
The Newa of Expressive Research | scenarioDNA @ MRMW 2011
 
Understanding of Smartphones as a Survey Platform | Thumbspeak @ MRMW 2011
Understanding of Smartphones as a Survey Platform | Thumbspeak @ MRMW 2011Understanding of Smartphones as a Survey Platform | Thumbspeak @ MRMW 2011
Understanding of Smartphones as a Survey Platform | Thumbspeak @ MRMW 2011
 
Using Market Research For Product Development
Using Market Research For Product DevelopmentUsing Market Research For Product Development
Using Market Research For Product Development
 
Customer Loyalty: How to Win Devotion From Your Customers
Customer Loyalty: How to Win Devotion From Your CustomersCustomer Loyalty: How to Win Devotion From Your Customers
Customer Loyalty: How to Win Devotion From Your Customers
 
A Practical Guide to Market Segmentation
A Practical Guide to Market SegmentationA Practical Guide to Market Segmentation
A Practical Guide to Market Segmentation
 

Recently uploaded

Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...lizamodels9
 
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneVIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneCall girls in Ahmedabad High profile
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024christinemoorman
 
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...lizamodels9
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsApsara Of India
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communicationskarancommunications
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfpollardmorgan
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurSuhani Kapoor
 
Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.Eni
 
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝soniya singh
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Neil Kimberley
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...lizamodels9
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Dipal Arora
 
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,noida100girls
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation SlidesKeppelCorporation
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Non Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptxNon Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptxAbhayThakur200703
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in managementchhavia330
 

Recently uploaded (20)

Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
Call Girls In Sikandarpur Gurgaon ❤️8860477959_Russian 100% Genuine Escorts I...
 
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service PuneVIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
VIP Call Girls Pune Kirti 8617697112 Independent Escort Service Pune
 
The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024The CMO Survey - Highlights and Insights Report - Spring 2024
The CMO Survey - Highlights and Insights Report - Spring 2024
 
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc.../:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
/:Call Girls In Jaypee Siddharth - 5 Star Hotel New Delhi ➥9990211544 Top Esc...
 
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call GirlsCash Payment 9602870969 Escort Service in Udaipur Call Girls
Cash Payment 9602870969 Escort Service in Udaipur Call Girls
 
Pharma Works Profile of Karan Communications
Pharma Works Profile of Karan CommunicationsPharma Works Profile of Karan Communications
Pharma Works Profile of Karan Communications
 
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdfIntro to BCG's Carbon Emissions Benchmark_vF.pdf
Intro to BCG's Carbon Emissions Benchmark_vF.pdf
 
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service JamshedpurVIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
VIP Call Girl Jamshedpur Aashi 8250192130 Independent Escort Service Jamshedpur
 
Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.Eni 2024 1Q Results - 24.04.24 business.
Eni 2024 1Q Results - 24.04.24 business.
 
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
Call Girls in Mehrauli Delhi 💯Call Us 🔝8264348440🔝
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
Lowrate Call Girls In Sector 18 Noida ❤️8860477959 Escorts 100% Genuine Servi...
 
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
Call Girls Navi Mumbai Just Call 9907093804 Top Class Call Girl Service Avail...
 
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
BEST Call Girls In Greater Noida ✨ 9773824855 ✨ Escorts Service In Delhi Ncr,
 
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Keppel Ltd. 1Q 2024 Business Update  Presentation SlidesKeppel Ltd. 1Q 2024 Business Update  Presentation Slides
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Non Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptxNon Text Magic Studio Magic Design for Presentations L&P.pptx
Non Text Magic Studio Magic Design for Presentations L&P.pptx
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in management
 

The Integration Of Market Research And Competitive Intelligence March 2010

  • 1. The Integration of Market Research & Competitive Intelligence Presented by SIS International Research March 2010
  • 2. THE OVERALL DIFFERENCE  Market Research Tells you what you want and need to know “Is a science” Business Intelligence May tell you what you don’t want to know “Is an art” Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved. •2
  • 3. THE EVOLUTION AND THE “ERA” OF MARKET RESEARCH Market research evolved during the post World War II period, driven by the rapidly growing US consumer market During the 1950’s – the 1970’s, application of scientific and analytical methods were employed for: market segmentation market projection development of consumer profiles attitudes and usage studies new product concept testing tracking and performance/measurement studies of retail products customer satisfaction studies Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved. •3
  • 4. THE “ERA OF COMPETITION” – THE EMERGENCE OF COMPETITIVE INTELLIGENCE During the 1980s, the US economy experienced intense competition from Japan, followed by other Asian countries, in the automotive and manufacturing segments. Out of “defensive” measures to protect their domestic market shares, US firms started to monitor their domestic and foreign competition. CI Research methods primarily consisted of scanning the literature and primary research. 1986 – The emergence of SCIP; professional organization Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved. •4
  • 5. IN THE POST COMMUNIST PERIOD 1990s The world began to “go global” Market research “went global” to the developing countries [e.g. China, India, Russia, Latin America, etc.] Was primarily quantitative On the other hand, CI was most developed in the US Was primarily qualitative The problem: Most firms knew how to use market research data and findings but did not know how to use BI/CI studies The challenge remains: “to turn CI into actionable information” Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved. •5
  • 6. CONTRAST IN RESEARCH METHODS Aspect of Research Market Research CI Methods Focus On the present and On past, present and past behavior future Level of impact Moderate High – “have more to lose and gain” Research Method “Structured” “Unstructured qualitative and qualitative” quantitative Target respondents Identified and known Unknown Method of Questionnaire and “Oblique” or indirect interviewing direct questions Method of Analysis Crosstabs, statistical “Putting the pieces of analysis a puzzle together” Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved. •6
  • 7. IN THE 21ST CENTURY – THE INTEGRATION OF MARKET RESEARCH AND COMPETITIVE INTELLIGENCE Corporate downsizing has forced strategic planning, market research, and competitive intelligence to become “more efficient,” and in some firms, to merge into one department. The results of market research studies are comparatively easier to track than CI studies. The integration of both of these methods generates a “powerful cocktail” of intelligence for the organization if they know how to utilize the information for strategic and tactical decision making. Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved. •7
  • 8. EXAMPLES OF HOW TO INTEGRATE MARKET RESEARCH AND COMPETTIVE INTELLIGENCE Market Research Competitive Integrated Intelligence Intelligence Market Segmentation Analysis of existing Results in strategic Study and new competitor re-positioning of the entry into these markets segments Focus Groups on new Conduct a search of Integration of the product concept test potential new competitive products products or start up into the focus groups firms and the analysis Conjoint Price Competitive pricing Development of analysis tactical and long term pricing analysis with scenarios Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved. •8
  • 9. SUMMARY/CONCLUSIONS Opportunity exists to integrate business intelligence with market research to achieve maximum “intelligence yield” Caution: monitor the projects to avoid duplication Remember: market research and BI/CI employ different skill sets Do not assume that the research executives can be “cross functional” A database should be created which catalogues these “hybrid” projects to enable your firm to track the success of this functional area Copyright © 2010 – 2020. SIS International Research Inc. All Rights Reserved. •9