insights & more model for context research
DESCRIPTION
How to use information for better business decisions, for creating strategic foresight and deriving business trendsTRANSCRIPT
Research should lead to knowledge. Knowledge leads to learnings. Learnings are needed to craft effective business strategies. With terrabytes of information being produced, created and recreated everyday, one needs be able to comb through all that is available, collect what is relevant, sort out and sieve as per the query, make sense by connecting the dots and make it actionable knowledge for the enquirer. At Insights & More, we have evolved it into a fine art. Test us with your most arduous business query !
Understanding the Context of Business
Context matters. How you see a piece of information depends on which lens you use to decode it. At Insights & More, we give you the view from all possible lenses. The social, the economic, the cultural, the political and the technical lens.
Image courtesy : h8p://www.adexchanger.com/comic-‐strip/adexchanger-‐context-‐ma8ers/
Some Ques@ons that we ask on your behalf in Context Research
POLITICAL Is the place of ac@on a monarchy or democracy ? Is it one that has high ins@tu@onal trust or low ins@tu@onal trust ? Is there corrup@on ? Is the person bigger than the process ?
ECONOMICAL What’s the level of income of people ? Is there a high GINI coefficient ? Is there high income polarity or is there a large and growing middle class ? What is the sizing ?
SOCIO-‐CULTURAL What are the kind of interrela@ons that people have ? Hostede’s model ? Said and unsaid cultural norms ? Symbolism ? In the context of the brand and category what are the acceptable and unacceptable behaviours ? Influences of poli@cs ? Religion ? Race ?
TECHNICAL What’s the stage of the country in its technological evolu@on ? Is it dependant on a single set of technical know how or there is a well diversified set of technical know-‐hows ?
DEMOGRAPHICAL What’s the age structure – young or aging ? What’s the educa@on level ? Status of women ? Literacy and quality of literacy ? Quality of work-‐force ?
Impact of this Analysis.. AREAS OF UNDERSTANDING IMPACT POLITICAL Is it s monarchy or democracy ? Is it one that has high ins@tu@onal trust or low ins@tu@onal trust ? Is there corrup@on ? Is the person bigger than the process ? What are the religious, ethnic affilia@ons of people and how does that impact society ?
Ins@tu@onal Trust means there is a need to seek ins@tu@onal sanc@on for people to have trust in your brand. Democracy or instances of uprising means people have low trust in ins@tu@ons.
ECONOMICAL What’s the level of income of people ? Is there a high GINI coefficient ? Is there high income polarity or is there a large and growing middle class ? What are the sources of wealth ?
Polarized income means that it may alienate one sec@on of the popula@on completely. An aspiring middle class means @ering of product proposi@on is possible – there will be value seeking behavior.
SOCIO CULTURAL What are the kind of interrela@ons that people have ? Hostede’s model ? Said and unsaid cultural norms ? Symbolism ? In the context of the brand and category what are the acceptable and unacceptable behaviours ?
Highly collec@ve socie@es means there is a high scope of advocacy. Highly contextual society means the communica@on has to be contextual and not direct.
Impact of this Analysis
AREAS OF UNDERSTANDING IMPACT TECHNICAL What’s the stage of the country in its technological evolu@on ? Is it dependant on a single set of technical know how or there is a well diversified set of technical know-‐hows ?
Indicates use of technology in brand communica@on. Mobile, Search, Social Media all start to play an important role. Also a popula@on with high technical educa@on will tend to evaluate brands more ra@onally vs emo@onally.
DEMOGRAPHICAL What’s the age structure – young or aging ? What’s the educa@on level ? Quality of educa@on ? Status of women ? Quality of work-‐force ? Sex ra@o ?
Young means new hopes and aspira@ons, explora@on, how to live with the conflict. Brand has to cater to this image. Aging means reconciling with new trends, health-‐friendly, food, leisure etc have to customized. Status of women is cri@cal. Women are the advocates of brands. If the TFR is high, child friendly products have a large market.
Connec@ng the dots reveals new insights and meaning...
ENQUIRY
Demographic truths
Poli@cal governance and Ins@tu@onal landscape
Social codes of conduct ,
Religion and symbolism
History and evolu@onary
truths
Economic evolu@on and economic
infrastructure
Psychological and
Neurosciences Based truths
Literature and Contemporary
Films
The Pinwheel Model of EnquiryTM
Technology
Category Landscape
Demographic truths
Poli@cal governance
and Ins@tu@onal landscape
Social codes of conduct , Religion and symbolism
History and evolu@onary
truths
Economic evolu@on and economic
infrastructure
Psychological and
Neurosciences
Based truths
Literature and
Contemporary Films
What's the poli@cal system and how is it evolved ? Therefore do people trust ins@tu@ons ? Or they engage in more primi@ve forms of societal conduct ?
What are the social codes of conduct ? Any info from Hofstede’s model ? Impact of religion on community ? What are the popular symbols and their meaning ? Unsaid norms ?
Evolu@on of the community or society in context ? What are unsaid, cultural norms and impact on the category under study ?
Evolu@on of country’s economy ? Key indicators like GDP per capita, GINI coefficient rela@ve to more developed or less developed countries ? Source of wealth ?
Propor@on of youth in work force, status of women and TFR, literacy and quality of literacy and current demographic trends, genera@onal issues if any.
Contemporary literature and films are talking about which issues ? What themes are resona@ng with the target audience ?
Check psychographics, psychological truths about the target audience and how it can be explained using neurosciences theories
Technology
Impact of technology on that category in that country ?
A typical inves@ga@on plan for a category using the Pinwheel ModelTM
Category Landscape
Demographic truths
Poli@cal governance
and Ins@tu@onal landscape
Social codes of conduct , Religion and symbolism
History and evolu@onary
truths
Economic evolu@on and economic
infrastructure
Psychological and
Neurosciences
Based truths
Literature and
Contemporary Films
Technology
A typical inves@ga@on plan for a category using the Pinwheel ModelTM
Look for key trends – it should borrow from more than one pinwheel. The ones with conflict are the richest insights for communication and marketing. Opposing forces fan that insight or trend and make it stronger. Try to construct the following sentences to predict trends.. “If x and y are true, its likely to ….. “ “While X is true, the opposite side of X is this..” Look for stories…
Demographic truths
Poli@cal governance
and Ins@tu@onal landscape
Social codes of conduct , Religion and symbolism
History and evolu@onary
truths Economic evolu6on
and economic
infrastructure
Psychological and
Neurosciences
Based truths
Literature and
Contemporary Films
Connect the dots to reveal trends. Check hypotheses with consumer data.
TREND 1 TREND 2
TREND 3
Stories to Look for..
Ø The evolution story Ø The conflict or dilemma story Ø The resolution story Ø The what’s common story Ø The compare and contrast story
We present the stories to our clients as
If you believe in leveraging information to arrive at better business decisions, contact Insights & More
[email protected] 137 Market Street, #06-‐00, Singapore 048943
www.insightsandmore.com