The Research Hero’s Journey: TMRE Conference Recap

Posted by Julie Kurd

Mon, Nov 09, 2015

I’m back from IIR’s TMRE conference—three intense days spent with hundreds of consumer insights professionals who are charged with supporting the C-Suite in these perilous and changing times. Reflecting on the challenges facing these brave souls, I’m reminded of Joseph Campbell’s Hero’s Journey, the narrative pattern found in millions of stories from Greek myth to Disney films. If it’s been awhile since your last literature class, refresh yourself on the Journey here or with this simple example from Cinderella.

the hero's journey, TMRE conference recap, CMB

Now, come with me as we follow our insights heroes and heroines on the path to re-invent and re-discover the magic that drives businesses forward. 

  • Ordinary World and the Call to Adventure: The world has changed, and the Hero faces a challenge. GfK’s CEO, David Krajicek likens insights folks to calligraphers and 11th century monks who copied manuscripts and whose wondrous artistry was killed by the scalability and speed of movable type. David says that insights folks must find a way to provide CMOs with immediate answers and handcrafted artistry (which requires our patience and focus), but the latter is becoming less frequent. A lot of the time, fast and directional is all decision-makers are willing to pay for.
  • Refusal of the Call: Our Hero balks at the seemingly impossible task. The C-Suite still needs artistry and reflection, but the craft of insights requires varied tools, exceptional rigor, mastery, and time. The swift and violent current of commerce requires insights folks to offer speed. There is a place in a portfolio of insights for short-term efforts as well as more contemplative efforts. Many research suppliers offer fast/inexpensive/directionally accurate solutions, and many others offer more pensive/structured thinking. Each side refuses the call.
  • Meeting the Mentor: Our Hero finds inspiration in disruption. Seth Godin reminds us that the boss keeps begging for more—more ratings, more shelf space—yielding average products for average people. You can’t grow by solving for the average. Brands that are growing are brands that look forward (think: AirBnB). The Hero and the Hero’s Journey must progress to avoid becoming a commodity.  
  • Crossing the Threshold: Our Hero takes the first step into the new world. While everyone in the insights world is talking about data, only 6% report that they’ve crossed the threshold into actually fusing passive (unstructured) data with survey research (structured) data. One company already on its way is LinkedIn. As LinkedIn’s Sally Sadosky and Al Nevarez shared, the site has insourced most of its survey research, and LinkedIn is marrying the survey data to its data sources. The company is using big data to align its offerings with the most impactful opportunities. LinkedIn classifies/segments, ranks drivers, categorizes text, and generates lift for key metrics.    
  • Tests, Allies, and Enemies: Our Hero discovers friends and foes. On to the sessions at TMRE. . .the tests, the allies, and the enemies of the Hero as he/she journeys. Several speakers talked in generalities rather than tell their unique story—they played the middle. Our heroes found the allies and the tests in the other rooms and were rewarded with meaningful insights, including:
    • Remain optimistic, but embrace negative metrics: Poker player Caspar Berry reminded us to embrace uncertainty and to rise to meet the challenge despite the fear of failure. Risk-taking leaders are consistent and successful. They also get conned a lot, but they remain optimistic.
    • Know the game: Heineken’s Joanne McDonough conducted an entertaining and memorable presentation on the brand’s positioning—“behaving premium.” Heineken conducted mobile ethnos and interviews at exclusive night clubs in Miami, Los Angeles, and NYC. The company uncovered insights about the “Champagne Girl,” Table Service, and a lot more about dudes and their nights out.
    • Know the giants by name: Competing in the expectation economy has its impact challenges says @trendwatching’s Maxwell Luthy. It’s critical to understand the Internet of Things (IoT), the sharing economy, the “near me” or localization push, 2-way transparency (I rate the brand and the brand rates me), citizenship (of the world), and more.
    • Show your effort: Dan Ariely stressed that we need to understand that people’s cognition is relative to the time they’re willing to put into it. How can we eliminate friction? Storytelling to make insights actionable. Simple testing of the details. If there’s a way you can eliminate barriers—do it.
  • Approach: Our Hero is joined by allies to prepare for the new world. John Dryden and Kimberley Clark’s Laura Dropp talked about the next generation—Gen Z—who are always connected and never alone. These youngsters (ages 10 to 20) need you to be an easily accessible resource. Gen Zers naturally blend the physical and the virtual, making real connections fluidly, and they want our help to make a difference in the world.
  • Central Ordeal: Our Hero confronts his/her worst fears. The C-suite turnover is great, and the lowly research Hero is cast aside, playing a role perceived by many as not worthy of its own budget. It is here that researchers must make decisions about the level of risk they’re willing to take—breaking away from the tried but tired models of the past.
  • The Reward: Our Hero’s risks are rewarded. Compromises are made, and organizations are restructured to handle fast and directional insight. The budget for the thoughtful, foundational, deeper-diving insights is rewarded as the lightbulb goes on in the C-Suite.
  • The Road Back: Our Hero makes his/her way back, transformed. The marketing we grew up with is going away, and it’s time to get schooled by the world around us—embracing the new connections we must make with one another.
  • Resurrection: Our Hero must prove himself/herself once again. To drive brand zeal and customer loyalty, it’s not enough to provide a tasty meal or a clean hotel room. Consumers want a meal to be instagrammable and the hotel experience to be differentiated. At TMRE, we took clients out to Café Tu Tu Tango. We expected a good meal, but we received much more—excellent tapas and sangria, a great band, two artists painting at desks mingled with the diners (their art for sale on the walls), and a tarot card reader. It was a memorable and differentiating experience and a good example of why we can’t be content with business as usual.
  • Return with the Elixir: The Hero continues on with the power to transform as he/she has been transformed. To grow profitably, all of us need to be memorable, show our artistry or our speed, connect to the IoT, and be authentic. Research that lacks either showmanship or artistry will not suffice. We need the storytelling techniques to make insights memorable, entertaining, and, ultimately, actionable.

Where are you on your Hero’s Journey?

Julie blogs for GreenBook, ResearchAccess, and CMB. She’s an inspired participant, amplifier, socializer, and spotter in the twitter #mrx community, so talk research with her @julie1research.

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Topics: Business Decisions, Internet of Things (IoT), Marketing Strategy, B2B, Conference Insights

Busting Millennial Money Myths at Money 20/20

Posted by Megan McManaman

Thu, Oct 22, 2015

money2020.pngEvery day there’s a new report about Millennials—they’re in debt/they’re saving for retirement, they’re mobile/they’re going off the grid, they’re hard workers/they’re too entitled to succeed—the list goes on. Brands are desperate to learn what makes this generation tick, but the current research lacks actionable insights for the marketers trying to serve them.

To dig deeper, we partnered with venture capital firm Foundation Capital to clear through the clutter and to learn what Millennials are doing and thinking about when it comes to their money. Through our Consumer Pulse research program, we surveyed 1,055 Millennials about their tech use and financial habits, and we included three “deep-dive” sections covering attitudes and preferences towards banking, investments, and insurance.

On October 26thCMB’s Lori Vellucci will join Foundation Capital’s Charles Moldow at the Money 20/20 conference in Las Vegas to unveil new insights into the needs, perceptions, attitudes, and actions of Millennials. They’ll take a look at the very different needs within this most talked about generation, the coming disruption, and the wave of innovation required to address their financial needs.

If you can’t make it to the conference, don’t worry! We’ll be sharing takeaways from our research in November.

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Topics: Financial Services Research, Consumer Pulse, Conference Insights, Generational Research

Are You a Wingman to Your CMO?

Posted by Julie Kurd

Mon, Oct 19, 2015

CMB conference recap, market research conferences, corporate researchers conferenceThe traditional military definition of a "wingman" is the second pilot who flies behind and off the right wing of the lead aircraft. The wingman protects the lead by watching his/her back. As I reflected on this year’s MRA Corporate Researchers Conference (CRC) in St. Louis, I thought about my experiences with the wingmen and wingwomen of Chief Marketing Officers at Fortune 500 companies. 

Here’s what separates wingmen and wingwomen from the rest of the pack:

  • They test new stuff ALL THE TIME. Jeffrey Henning moderated a panel with Samsung’s Manvir Kalsi, Chico’s Ivy Boehm, and Lowe’s Celia Van Wickel, asking them to talk about techniques that have disappointed them. They primarily talked about emerging technologies, specifically about vendors who overpromised with facial coding in neuroscience and thematic roll ups that “create themselves” in text analytics. They discussed their “lead pilots” and their companies’ “formation” not having enough time for overly “mathy” insights. They also talked about how they’ve brought dynamic deliverables to their organizations in an attempt to reduce the PowerPoint clutter. Chico’s Ivy Boehm mentioned her quest to shift from 60 page “boring PowerPoints” (her words) to just 20 solid slides through combining information and drawing deeper conclusions. Manvir, Ivy, and Celia also discussed the challenges each of them faces as they make trade-offs in an effort to try new things—even though they know that sometimes all they need are some well-moderated traditional focus groups and a straight up, well-written quantitative survey. This panel proved that no matter the challenge, wingmen are always improving their game.  
  • They play around with working at Mach speed and at a normal pace. Microsoft’s Barry Jennings talked about the company’s Rapid Deployment Programs, which elicit feedback from customers at the later stages of the product development cycle. Successful wingmen are able to adjust and change course quickly—they can’t just head for the horizon. This is the key challenge: knowing when and where to get insights quickly at a lesser cost. At Microsoft, the process is clearly defined: ideation, iteration, validation, repeat. This process helps some concepts fail faster and helps others go to market more quickly. While Microsoft does loads of very methodical research, it’s also pushing itself to be fast and impactful vs perfect. Their program integrates activities, social and independent, moving from ideation to quant to qual and back. They collect feedback across any device and operating system, and they launch research in a day, share results, integrate historic data, and iterate. 
  • They begin with the end in mind and quantify their impact. Terrific researchers understand the business impacts of their research. Roxanne Gray, VP of Research for Wells Fargo, described the diverse household research that supports their “together, we’ll go far” promise. Customer insights played prominently for Wells Fargo as it launched its most recent campaign about the company’s commitment to helping diverse households talk about their finances. Grab a box of tissues, and see more about how Wells Fargo illustrated its 25-year commitment to people with diverse backgrounds. The impact? Roxanne’s research supported confident decision-making that quadrupled earned media. She was energized by the research itself, the executive decisions her stakeholders would make from the research, and the easy-to-digest delivery of insights that she presented as a story, and it showed. 
  • They love what they do, and they stay curious. Wingmen and wingwomen venture out to conferences to present, network, and listen to others. This deep passion for research, learning, and sharing is what keeps us sharp and focused at our organizations. At the best conferences, such as MRA’s CRC, the sheer number of wingmen and the quality of presentations (not to mention the bacon at breakfast) is incredible. If your position as a wingman isn’t rewarded with an adequate budget for this type of travel, have no fear. . . you can check out your local MRA chapter, attend online webinars, talk and listen with your global research peers face-to-face, and connect on Twitter and LinkedIn. 

Let’s keep a line of sight on our lead pilots, the horizon, our formation, and let’s go!

Julie blogs for GreenBook, ResearchAccess, and CMB. She’s an inspired participant, amplifier, socializer, and spotter in the twitter #mrx community, so talk research with her @julie1research.

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Topics: Product Development, Storytelling, Business Decisions, Conference Insights

CMB Conference Recap: Hubspot’s INBOUND 2015

Posted by Kirsten Clark

Tue, Sep 15, 2015

Hubspot, INBOUND, marketing, CMB Conference RecapLast week, I attended Hubspot’s INBOUND conference to attend workshops, network with fellow marketers, and hear speakers as diverse as Chelsea Clinton, Aziz Ansari, and Daniel Pink present on topics like disruption, innovation, and how to really connect in an increasingly crowded landscape. Here are just 4 (of many) key takeaways:

1. Adapt to changing SEO. Bill King and Tyler Richer from Hubspot emphasized that keywords continue to lose influence as Google continues to become smarter and smarter. How can you get around this? Start by writing content that’s genuinely useful, and share your content on social media. Sharing it on social media doesn’t directly affect rank, but it does affect distribution (which can affect rank). Finally, remember that there should always be an element of empathy when creating an SEO plan. Searchers have experiences with brands when they search, and you want to make sure every experience with your brand is a great one.

2. Embrace social media ads. They’re here to stay. You might have noticed that Facebook’s organic reach has plummeted. Larry Kim, Founder and CTO of WordStream, pointed out that most of the content people put out on social networks is never seen, and that’s a missed opportunity since 28% of people’s online time is spent on social networks. Social media ads are a highly scalable vehicle for content promotion, so it’s time to embrace the inevitable and boost those posts!

3. Stop storytelling. Start storymaking. David Berkowitz, CMO at MRY, discussed the shift from storytelling to storymaking. The phrase might sound jargony, but semantics aside, what Berkowitz is really asking us to do is make storytelling an interactive experience. Below are some of the differences between storytelling as a monologue and storymaking as an experience:

Hubspot, INBOUND, marketing, CMB Conference Recap, storytelling

To see an example of this in action, look no further than Coca-Cola’s “Share a Coke” campaign. You can find a bottle of Coca-Cola with your name on it in-store or create your own online. This has inspired a plethora of consumer created content, including this pregnancy announcement that has almost 4.5 million views on YouTube.

4. Be brave. During her keynote, Brené Brown stressed that the path to joy, love, and trust lies in vulnerability. Being vulnerable means being brave and being willing to show up and be seen when you have no control over the outcome. Each of us faces a choice between comfort and courage every day, and it’s about time we start choosing the latter in both our professional and personal lives. How? Don't say you're different—be different. Take a page out of Ben & Jerry's book and dare to be distinct.

Did you attend? Tell us your favorite takeaways in the comments.

Kirsten Clark is a Marketing Associate at CMB. She also had the privilege of seeing the hysterical (no, really, there were tears) Amy Schumer at INBOUND. (Amy, if you’re reading this, please consider being my friend. I make excellent guacamole.)

Topics: Storytelling, Marketing Strategy, Social Media, Brand Health & Positioning, Conference Insights

CMB Conference Recap: MRA's ISC

Posted by Kirsten Clark

Mon, Jun 15, 2015

insights and strategies conference, cmb conference recapLast week, a few of my colleagues and I headed down to San Diego to soak up all the sun, insights, and networking opportunities we could from the Marketing Research Association’s Insights and Strategies Conference (ISC). Here are my top 4 takeaways:

1. Stop thinking like a farmer. In Jeremy Gutsche’s opening keynote, he stressed the importance of learning how to adapt. Companies are able to identify market opportunities, but they’re often unable to fully capitalize on those opportunities. Here’s an example: Blockbuster had multiple chances to buy Netflix, but declined each time because the board thought Blockbuster should focus on retail. Why do companies fall into this trap? Because we have farming instincts that make us complacent and repetitive. In order to successfully adapt, we need to tap into our hunting instincts and (1) dedicate resources to opportunities that might fail, (2) constantly search for new opportunities, and (3) seize those opportunities.

2. Emotions matter. The whole conference was abuzz about emotions. It’s important to fully appreciate just how much influence they have over our daily decisions. People do not think emotions. They feel them, and, amazingly, emotions are universal—they’re hardwired into each of us, regardless of culture, age, gender, etc. This makes understanding emotions critical to fully understanding your customers’ experience. It’s that understanding that allows brands to implement strategies that will spark more of the right emotions and fewer of the wrong ones. Make sure you check out our latest webinar on our decision-focused approach to emotional measurement!

3. Sear your brand into long term memory. How can a brand sear themselves into consumers’ long-term memories? Samantha Moore and Ralph Blessing from Ameritest suggested that brands have to tap into all three long-term memory banks: the procedural (do), the semantic (think), and the episodic (feel). As an example, they showed us a photo of two chairs on a beach and asked us what brand was being represented. The whole room simultaneously answered “Corona.” This is a brand that has successfully tapped into all three of those memory banks. There is a ritual associated with Corona (adding the lime), which taps into the procedural. When we think of Corona, we associate it with the beach, which taps into the semantic and makes us feel relaxed, which taps into the episodic.

4. Presentations should be clear, insightful, and beautiful. When you’re creating a presentation do you: include any and every data point you can on a slide? repeat the same stat over and over? rival a novel with the amount of text you have on any given slide? keep your audience guessing with unnecessary chart builds? These are the most common traps market researchers fall into when creating a presentation, according to Kory Grushka from Work Design Group and Andrea Blingen from PepsiCo. How can you avoid falling into these traps? Keep in mind that color should be used strategically, simplicity is often best, and consistency keeps the focus on the story you’re telling. Each presentation can be evaluated by asking yourself these three questions: is it clear? is it insightful? is it beautiful?

If you were at the conference and have anything to add, please feel free to share your insights below!

Kirsten Clark is a Marketing Associate at CMB. This was her first trip west of Texas, and it ultimately resulted in her first sunburn of the season. 

Put down the brain scans and learn how we use EMPACTour new decision-focused emotional measurement approach—to inform a range of business challenges—including marketing, customer experience, customer loyalty, and product development. 

WATCH HERE

Topics: Emotional Measurement, Brand Health & Positioning, Conference Insights