Optimizing Your Innovation: Striking the Perfect Balance between Qualitative and Quantitative Insight Research
When companies and brands embark on innovation initiatives, many share the desire for a similar outcome, namely the development of a pipeline of new products and services that have a greatest chance of success among their core target customer and prospects – in a manner that is true to their brand. The question is, how do best you uncover new innovative ideas, identify which ideas have the greatest chance of success and how do you best implement these ideas to maximize your ROI. Techniques abound: Ethnographic? Focus groups? Expert interviews? Innovation workshops? Environmental immersion? Quantitative segmentation studies? Conjoint and discrete choice? Using case studies, participates will actively interact to determine best techniques to budget, schedule, create key objectives, and establishing the right balance. We will work through this process and optimize innovation best practices. This workshop will provide companies with an actionable “toolbox” to evaluate the right balance of (qualitative and quantitative) techniques to solve the innovation marketing challenge – taking into account cost and budget constraints. Key takeaways: - Understand the decision criteria to help decide what research methodologies are appropriate
- Provide a clear understanding of the pros and cons of various popular and new/emerging research techniques
- Develop a toolkit of best practices to optimize your research spend to get the greatest return
McRae Williams, 3-2-1Launch! Luisa C. Uriarte, Partner, 3-2-1Launch! |