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Applied Consumer Research Consumer Research and Business Problems

Applied consumer research - Missouri

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  • 1. Applied Consumer Research Consumer Research and Business Problems
  • 2. Flow of the Session What is a business problem? What is a research problem? How do we arrive at a research problem from a business problem Live Example
  • 3. Business Problems in Media Television channel has been consistently losing viewers Local Radio station is steadily losing market share and its No.1 position is being threatened Newspaper subscriptions have stagnated
  • 4. Key Pillars of a Media Business Is your media brand available Are you communicatin g with your Target Group What actually the people consume Are you reaching people at a time convenient to them Scheduling Content DistributionMarketing
  • 5. Live Example From Business Problem to Research Solution
  • 6. Live Business Problem Local Radio station is steadily losing market share and its No.1 position is being threatened What could be the possible research problems? What are the various hypothesis we can form? Can we test all hypothesis? Should we prioritize? If so, how?
  • 7. Distilling a business problem Hypothesis Formation Available Data Market Analysis
  • 8. What did we do? Used available data Radio Audience Measurement for the local market Helped understand radio listenership behavior Scheduling data from programming team Understand what music is being played by the station Brand Health Helped us understand how the brand is performing vis a vis competition
  • 9. Identified Research Problem The key hypothesis was that there were problems with content i.e. the music being played We now needed to propose a research design to solve this problem What could have been the approach?
  • 10. Our Approach Auditorium Music Tests Involves large number of participants rating music on various parameters Understand Genre preferences of music Rating each genre on a scale of 0 to 100
  • 11. Our Approach Auditorium Music Tests A self completion questionnaire is used for Genre Auditorium Music Test (AMT) Recruit the target respondents for Auditorium Music Test (AMT) Screening Interview Pre-AMT Interview Genre Auditorium Music Test (AMT) Understand the music habits of the respondents To understand the likeability and preference towards each song classified by genre
  • 12. Genres of Music Tested Contemporary Bollywood New Retro Bollywood Old Retro Bollywood Contemporary Local Language Retro Local Language Traditional Folk Contemporary Folk New Age Music
  • 13. Classifying Songs into Lists Core List (Always hit Songs) Peripheral List (Hit Songs) Semi-Peripheral List (Semi hit Songs) Average Performance List (OK Songs) Remaining List PLAY MORE PLAY LESS
  • 14. Results How did the genres fare?
  • 15. Split of Core List Core List Songs Total Con. Bolly New Age N. Ret Bolly Ret. Local Lang Contempor ary Folk Old Ret. Bolly Cont. Local Lang Trad.Folk Total Songs (2014) 416 52 52 52 52 52 52 52 52 Core List (2014) 206 15 16 39 36 21 37 25 17 % Mix of core Songs in that genre (2014) 50 29 31 75 69 40 71 48 33 % Mix of core Songs in that genre (2011) 42 38 23 65 42 29 46 58 29 At an overall level, very high preference for New Retro Bolly (75%) followed by Old Retro Bolly(71%) and Retro Local Lang. (69%) Contemporary Bollywood and New Age Music score lowest in the Core list We need to see how these genres fare in terms of likeability
  • 16. Average Likeability for Genres 2011 2014 Genres Overall Overall BASE 1049 1080 Overall Avg. all genres 77.74 73.48 Old Retro Bollywood 82.15 80.57 New Retro Bollywood 84.12 80.04 Retro Local Lang. 80.23 77.56 Contemporary Folk 74.85 72.74 Contemporary Local Lang 78.48 69.34 New Age Music 74.26 69.29 Traditional Folk 70.57 69.26 Contemporary Local Lang. 77.26 69.06
  • 17. Proportion of Genres Core List Songs Total Con. Bolly New Age N. Ret Bolly Ret. Local Lang Contempor ary Folk Old Ret. Bolly Cont. Local Lang Trad.Folk Proportion of the songs in the Core list (in %) 100 7 8 19 17 10 18 12 8 Composition of Client playlist - 2014 (in %) * 58 1 0 0 26 Does this give us an answer? * As per the findings from Kolkata FCT and Playlist Analysis by Mirchi, Kolkata, 2014 * As per the data provided by the client programming
  • 18. Client v/s Competition Playlist Core List Songs N. Ret. Bollywood O. Retro Bollywood Retro Local Lang Cont. Local Lang Contemp. Bollywood Ranking as per AMT 1 2 3 4 5 What you should be playing % 26 25 23 16 10 Client % 1 0 0 26 58 Competition 1 % 0 36 40 5 0 Competition 2 % 1 0 0 0 85 Competition 3 % 6 10 3 26 41 Client as well as most competition stations play Contemporary Bollywood songs the most; whereas this genre is amongst the lesser preferred genres in the city Competition 1s playlist is in line with listeners preferences!
  • 19. But is this all we need? We have the preferences of the listeners of the city? However, do all listeners have the same preferences? Do preferences vary by Gender, Age, Socio Economic Classification?
  • 20. CLUSTERS AND THEIR PROFILES Cluster Analysis on average likeability 3 cluster solution is optimum Gender: Female Age Group: 35 45 years Cluster 1 (46%) Gender: Male Age Group: 25 34 years Cluster 2 (29%) Gender: Male Age Group: 18 24 years Cluster 3 (25%)
  • 21. CLUSTERS ON AVG. LIKEABILITYSO ANY DIFFERENCES ON HOW THEY LIKE VARIOUS GENRES? At an overall level, Retro & 90s Hindi Songs are the most preferred Genre in Kolkata CHR Hindi has found divergent likeability amongst the newer (Cluster 3) & older (Cluster 1) age groups Cluster 3 (Males, 18-24) have more inclination towards Hindi music 2011 2014 Genres Overall Overall Cluster 1 Cluster 2 Cluster 3 BASE 1049 1080 500 312 268 Row % 100 100 46 29 25 Overall Avg. all genres 77.74 73.48 76.55 74.69 65.33 O. Retro Bollywood 2 1 2 2 4 New Retro Bollywood 1 2 3 1 2 Retro Local Lang. 3 3 1 3 7 Contemporary Folk 6 4 4 5 6 Contemporary Bollywood 4 5 8 4 1 New Age Music 7 6 6 6 5 Traditional Folk 8 7 5 8 8 Contemporary Local Lang. 5 8 7 7 3
  • 22. CLUSTER PREFERENCE FOR GENRES Cluster 3 Contemporary Bollywood Contemporary Local Lang. N. Ret. Bollywood Cont. Folk Retro Lo. Lang Cont. Folk Trad. Folk N. Ret. Bollywood O. Retro Bollywood New Age Music O. Retro Bollywood N. Ret. Bollywood Cluster 2 Trad. Folk Cont. Folk N. Ret. Bollywood Trad. Folk O. Retro Bollywood Trad. Folk New Age Music Retro Lo. Lang New Age Music Retro Lo. Lang Cluster 1 N. Ret. Bollywood Trad. Folk Trad. Folk O. Retro Bollywood O. Retro Bollywood Retro Lo. Lang New Age Music Early Morning s Morning s Afternoo n Early Evening Evening Night Late Nights Contemporary Bollywood over indexed in C3 Contemporary Hindi/Local Lang. over indexed in C3
  • 23. Questions? Thanks!