Versta Research just hit a magic number: 100. That’s the number of articles we have written to help our clients and their colleagues keep abreast of important trends in market research. If your market research supplier is not providing ongoing thought leadership in design, methods, and analytics, then what are the chances they are bringing…
Executives who lead entrepreneurial firms have dramatically different attitudes about market research from their counterparts at larger established firms, according to a recent study from Saras Sarasvathy, an associate professor of business administration at the University of Virginia. The study suggests that entrepreneurs are more focused on immediate and practical questions that will help them…
We are often surprised by the number of senior researchers in the market research industry who never touch raw data. Often they don’t even have the tools, since “data processing” is outsourced to lower levels or other countries. It is surprising because we almost always engage in work where getting into the data and puzzling…
Unless your company has a department dedicated to it, market research can be a hard sell because higher level executives may not believe in the value of research. At Versta, we have a certain sympathy with these executives. In our view, market research in and of itself has little value; it is the outcomes of…
The latest data from the CDC’s National Health Interview Survey show that one quarter (25%) of U.S. adults do not have land-line telephones in their homes. So if you conduct a traditional random-digit-dial (RDD) phone survey, you will automatically be excluding one quarter of the population. Does it matter, given that surveys rarely interview everyone…
A pet-peeve of mine is that many (way too many) market research professionals talk about “actionable insights” and I almost never know what they are talking about. I suspect most of them don’t either. The more our clients complain that research reports are sitting on shelves collecting dust, the louder every research firm starts proclaiming…
A client had a surprising experience this week when a member of our multivariate analysis team showed up online to watch a live in-depth interview with a registered nurse about how prescribing decisions are made. “Who is that online with us?” the end-client inquired, not recognizing the name. The qualitative manager answered, “He’s on our…
With the sad proliferation of silly surveys, non-scientific interest polls, and downright fraudulent polls, the research industry is stepping up with a number of key initiatives to combat the trend. Versta Research is part of that effort, and in August announced that we are part of the Transparency Initiative being developed by the American Association…
We are strong advocates of using surveys for public relations outreach. Commissioning surveys that answer interesting questions to help drive news stories and other types of communication can build a credible foundation so that journalists and other audiences take note and listen. But we are not fans of silly surveys that rely on outlandish, sexy,…
Early this month, David Blackwell, a prominent statistician and mathematician died at the age of 91. For many he is well known because he was the first African American to be elected to the National Academy of Sciences. For others, he is well known because he wrote an important and early book about Bayesian statistics,…