The five different types of research
There are many different types of research available to executives looking to support marketing and client-centric growth. But these are often conflated, leading to confusion over what they are meant to achieve and who the audience is.
In the third blog in our series inspired by a recent Momentum ITSMA roundtable, we outline the main types of research by purpose, to bring clarity to internal and external conversations.
1. Launching new Solutions and optimizing go-to-market strategies
- Research solution: Buyer persona intelligence.
- Purpose: This type of research is used to unlock insights into buying triggers and blockers, so you can position and message effectively.
- External research pool: Current/prospective clients.
- Internal audience: Marketing teams, product development teams, and business strategists who are responsible for launching new offerings and ensuring their success in the market.
2. Understanding market perceptions
- Research solution: Reputation tracking.
- Purpose: The goal is to gain insights into how the market views your organization, its products, and its competitors. This helps in shaping marketing strategies and improving brand positioning.
- External research pool: Current clients, past clients, prospects.
- Internal audience: Brand managers, marketing teams, and executives interested in brand reputation and competitive positioning.
3. Empowering sales and account teams
- Research solution: Competitive intelligence.
- Purpose: This research helps sales and account teams amplify your strengths and expose competitor weaknesses.
- External research pool: Current clients, past clients, prospects.
- Internal audience: Sales teams, account managers, and business development professionals who need actionable insights to improve their client interactions and sales outcomes.
4. Building a case for investment or hiring
- Research solution: Competitive benchmarking.
- Purpose: This type of research provides tangible proof points about competitors, whether they are investing in new capabilities, regional expansion, sector specialism etc.
- External research pool: Current clients, past clients, prospects
- Audience: Executives, finance, and HR teams involved in strategic planning and resource allocation.
5. Understanding customer thoughts and feelings
- Research solution: C-sat, win-loss, voice of the customer
- Purpose: The focus here is on pinpointing the moments that matter to your customers and partners, so you can craft a better experience and offer.
- External research: Current and lapsed clients, prospects
- Audience: Customer experience teams, product managers, and service teams who are focused on enhancing customer relationships and retention.
I'll be exploring more of these themes in my session Insight to Influence: Crafting Brand Value and Thought Leadership at our flagship event in London on June 24. Secure your ticket for Rethink: The Future of Client-Centric GTM now.
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