8
user friendly market research™ ThoughtCast vs. Traditional Focus Groups Case Study

ThoughtCast vs. Traditional Focus Groups

Embed Size (px)

DESCRIPTION

A brief case study by Goodmind on the benefits of online focus groups.

Citation preview

Page 1: ThoughtCast vs. Traditional Focus Groups

user friendly market research™

ThoughtCast vs. Traditional Focus

GroupsCase Study

Page 2: ThoughtCast vs. Traditional Focus Groups

user friendly market research™

PROJECT BACKGROUND The Public Relations Industry has evolved over the

years, and traditional newswire services have been forced to react, respond, or risk irrelevancy.

A major wire service provider requested a study to evaluate recent initiatives within the new competitive context.

Page 3: ThoughtCast vs. Traditional Focus Groups

user friendly market research™

CLIENT OBJECTIVES The client had previously partnered with

Goodmind on several projects devoted to understanding the needs of current clients, and identifying future opportunities for growth. 

For this study, the client wanted to specifically understand the outcomes of a recent operational consolidation, coupled with lingering effects of various mergers and acquisitions. 

The client also wanted to test the effectiveness of its branding strategy, as well as drill down into the value of its new products and services in various markets.

Page 4: ThoughtCast vs. Traditional Focus Groups

user friendly market research™

THE CHALLENGE Prior research relied on traditional focus groups,

and in-depth one-on-one telephone interviews. These studies largely focused on the end user; be it

journalist, PR professional, or even blogger. 

Since the objective was essentially to test whether these groups had provided valuable feedback (and whether we had given good advice), we needed to come up with a way to objectively evaluate the product, market, competitors, and operations of the client.

Page 5: ThoughtCast vs. Traditional Focus Groups

user friendly market research™

OUR APPROACH We couldn’t ask just anyone about the product,

market, competitors, and operational strategy of a legacy newswire, so we had to be creative. 

The respondent in this instance turned out to be the distributed sales force of the client. Who better to understand all the nuances of the PR industry,

while simultaneously offering a unique perspective on brand positioning and competitive strategy?

Page 6: ThoughtCast vs. Traditional Focus Groups

user friendly market research™

THE OUTCOME We conducted a three day ThoughtCast discussion

with various members of the sales force, and came away with perhaps the longest transcript in our seven year history. 

Participants had an optimistic outlook, and were generally positive in their feedback.

However, we did uncover an unknown interaction between product and operational changes: the sales force was compensated according to an outdated model, with imperfect product emphasis.

Page 7: ThoughtCast vs. Traditional Focus Groups

user friendly market research™

THE PAYOFF Left unaddressed, this minor detail could have

undermined the existing value of the brand, not to mention negate recent strategic initiatives. 

If the client hadn’t looked at the business from the perspective of the sales force, their sound strategy wouldn’t have been worth much in the long term.

Page 8: ThoughtCast vs. Traditional Focus Groups

user friendly market research™

CONTACT

To learn how ThoughtCast can work for you, please call John Greenberg at 212.660.0110