2009 the holistic approach

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The economic dilemma of research-when is too much?

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June 6-9, 2009Anaheim Convention Center

Anaheim/OC, CA

Integrated ResearchA HOLISTIC APPROACHA HOLISTIC APPROACH

Product Dynamics, division of RQA, Inc.

Product DynamicsA Division of RQA, Inc.

Research - A Holistic Approach

4

Finally…. There was compromise.Finally…. There was compromise.Finally…. There was compromise.Finally…. There was compromise.

Research - A Holistic Approach

5

The Holistic Approach thinks about:

• Assessing Research Needs

• Working Smart

• Spending Money Wisely

The Holistic Approach thinks about:

• Assessing Research Needs

• Working Smart

• Spending Money Wisely

Product DynamicsA Division of RQA, Inc.

Research - A Holistic Approach

6

To start ….. Assess the Research NeedsTo start ….. Assess the Research NeedsTo start ….. Assess the Research NeedsTo start ….. Assess the Research Needs

Assess the need -

• Don’t rush through this process – take “a minute” to understand

• How did you get here - background

• Is there more involved – think about “the Big Picture”

• What is the timeline

• Dig deeper

• Talk with others if you can

Assess the need -

• Don’t rush through this process – take “a minute” to understand

• How did you get here - background

• Is there more involved – think about “the Big Picture”

• What is the timeline

• Dig deeper

• Talk with others if you can

Product DynamicsA Division of RQA, Inc.

Research - A Holistic Approach

8

To start ….. Assess the Research NeedsTo start ….. Assess the Research NeedsTo start ….. Assess the Research NeedsTo start ….. Assess the Research Needs

Justify the investment -

• Both money and time

• Will the “answer” give the project direction

• Picture the next steps

Justify the investment -

• Both money and time

• Will the “answer” give the project direction

• Picture the next steps

Product DynamicsA Division of RQA, Inc.

Research - A Holistic Approach

9

Next! ….. Work SmartNext! ….. Work SmartNext! ….. Work SmartNext! ….. Work Smart

Take into account what’s already known -

Previous Research

• Completed within the past year or two

• Within a similar product category or consumer segment

• Within different areas of the company

• Marketing• R&D• Quality

Take into account what’s already known -

Previous Research

• Completed within the past year or two

• Within a similar product category or consumer segment

• Within different areas of the company

• Marketing• R&D• Quality

Product DynamicsA Division of RQA, Inc.

Research - A Holistic Approach

10

Take into account what’s already known -

In other areas of the company

• Such as Consumer Affairs

• Sales groups

• Challenge Marketing or Statisticians to dig for information “nuggets”

Take into account what’s already known -

In other areas of the company

• Such as Consumer Affairs

• Sales groups

• Challenge Marketing or Statisticians to dig for information “nuggets”

Next! ….. Work SmartNext! ….. Work SmartNext! ….. Work SmartNext! ….. Work Smart

Product DynamicsA Division of RQA, Inc.

Research - A Holistic Approach

11

Take into account what’s already known -

External Resources

• Competitor’s realities

• Association articles

• Published articles

• Business• General • Others

Take into account what’s already known -

External Resources

• Competitor’s realities

• Association articles

• Published articles

• Business• General • Others

Next! ….. Work SmartNext! ….. Work SmartNext! ….. Work SmartNext! ….. Work Smart

Product DynamicsA Division of RQA, Inc.

Research - A Holistic Approach

12

PUSH for Learning!

Stretch – a little

• Probe areas of concern

• Stretch to understand consumers better

• Don’t settle for the status quo

PUSH for Learning!

Stretch – a little

• Probe areas of concern

• Stretch to understand consumers better

• Don’t settle for the status quo

Finally! ….. Spend Money WiselyFinally! ….. Spend Money WiselyFinally! ….. Spend Money WiselyFinally! ….. Spend Money Wisely

Product DynamicsA Division of RQA, Inc.

Research - A Holistic Approach

13

PUSH for Learning!

Integrate research when possible

• Ask questions that • Assist Consumer Affairs• Assist Marketing• Assist Quality

• Take time designing research that can gather information for all

• Plan analysis to enhance understanding of the Product / Consumer equation

PUSH for Learning!

Integrate research when possible

• Ask questions that • Assist Consumer Affairs• Assist Marketing• Assist Quality

• Take time designing research that can gather information for all

• Plan analysis to enhance understanding of the Product / Consumer equation

Finally! ….. Spend Money WiselyFinally! ….. Spend Money WiselyFinally! ….. Spend Money WiselyFinally! ….. Spend Money Wisely

Product DynamicsA Division of RQA, Inc.

Research - A Holistic Approach

14

PUSH for Learning!

Integrate Consumers as EARLY as POSSIBLE

• Be creative in their use

• Plan out your research steps

• Adjust as feedback is obtained

• Hit your target sooner!

PUSH for Learning!

Integrate Consumers as EARLY as POSSIBLE

• Be creative in their use

• Plan out your research steps

• Adjust as feedback is obtained

• Hit your target sooner!

Finally! ….. Spend Money WiselyFinally! ….. Spend Money WiselyFinally! ….. Spend Money WiselyFinally! ….. Spend Money Wisely

Product DynamicsA Division of RQA, Inc.

Product DynamicsA Division of RQA, Inc.

Research - A Holistic Approach

15

It doesn’t have to be

Let’s Talk about It!!

Research - A Holistic Approach

16

Thank you! Thank you!

Product Dynamics, Division of RQA, Inc.

Product Dynamics, a Division of RQA, Inc.10608 W. 163rd PlaceOrland Park, IL 60467Ph: 708.364.7060

rqa-inc.comproductdynamicsdivision.com

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