market research and competitive intelligence priorities€¦ · growth team membership ™ 2013...
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growth team m e m b e r s h i p ™
Co-Sponsor
Market Research and Competitive Intelligence Priorities
2013 global survey results
Share this survey on Twitter and Linkedin
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The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
CONTENTSMarket Research and Competitive Intelligence Executive Summary 3
Survey Overview and Distribution of Respondents 4
What is the Growth Team Membership™? 5
Overarching Challenges 6
Key Market Research Challenges 7
Market Research Resource Trends 11
Key Competitive Intelligence Challenges 17
Competitive Intelligence (CI) Resource Trends 21
Special Interest Topic: Supporting Stakeholder Decision‑Making 27
Respondent Demographics 34
INTRO
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4
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2
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5SECTION
6
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3
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The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Introduction
Market Research and Competitive Intelligence (CI) Survey Executive Summary
SECTION 1: Key Market Research Challenge
KEY INTERNAL CHALLENGE
Ensuring research insights are actionable and included in stakeholders’ decision‑making
KEY INTERNAL CHALLENGE ROOT CAUSE
Lack of process reinforcement
SECTION 2: Market Research Resource Trends
BUDGETS
R&D typically has an annual budget of less than $500,000*
RESOURCES
For 2013, budgets and staffing levels will remain constant
* All monetary values in this report are in US dollars ($USD).
SECTION 3: Key Competitive Intelligence Challenges
KEY INTERNAL CHALLENGE
Developing, implementing, and monitoring counter‑intelligence tactics
KEY INTERNAL CHALLENGE ROOT CAUSE
Inadequate skills
SECTION 4: Competitive Intelligence (CI)Resource Trends
BUDGETS
R&D typically has an annual budget of less than $250,000*
RESOURCES
For 2013, budgets and staffing levels will remain constant
SECTION 5: Supporting Stakeholder Decision‑Making
PRIMARY INTERNAL CLIENT
Sales/Business Development
TOP ACTIVITY TO SUPPORT SALES
Customer/consumer research
TOP ACTIVITY TO SUPPORT EXECUTIVE MANAGEMENT
SWOT analysis
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The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Introduction
Co-SponsorSurvey PopulationMethodologySurvey Purpose
To understand the most pressing challenges shaping market research and competitive intelligence executives’ 2013 planning
Web‑based survey platform Market research and competitive intelligence executives at manager level and above
Survey Overview and Distribution of Respondents
93survey
respondents *
Americas
50% Africa
1%
Europe
7%
Middle East
19%South Asia
0%
Asia-Pacific
14%
* Percentages do not include respondents who answered “Other” or did not complete the question.
respondents’ roles*Corporate
44%
39%
17%Business Unit/Division
Both Corporate and Business Unit/Division
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Introduction
What is the Growth Team Membership™?
GTM provides best practices, events, and services that enable executives to address challenges within their companies
CorporateStrategy
Corporate Development
Marketing
CompetitiveIntelligence
MarketResearch
SalesLeadership
R&D/Innovation
Investors/Finance
CEO
MarketResearch
CompetitiveIntelligence
CEO’s Growth Team™ GTM: Creating Client Value
GTM’s case‑based best practices help executives:
Speed the design and implementation of initiatives by not reinventing the wheel
Save money and reduce risk by avoiding mistakes made by other companies
Accelerate problem‑solving with a cross‑industry perspective
Improve their functions’ and companies’ performance and productivity
[email protected] www.gtm.frost.com slideshare.net/FrostandSullivantwitter.com/Frost_GTM
GTM is a research and consulting program that supports executives within the functions that report to the CEO
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The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Introduction
Contact us at GTMResearch@frost com
Ensuring Research Insights are Actionable
Market Research must deliver actionable customer insights to drive the company’s decision‑making
Learn how BP’s market research function used segment‑based consumer insights to shape companywide marketing initiatives
Capturing Employees’ Competitive Information
Competitive Intelligence needs to harness the competitive insights of its employees
Learn how Cintas developed a companywide intelligence network that incorporated employee insights into the company’s decision‑making
Devising Effective Competitive StrategiesCompetitive Intelligence executives must continually assess the company’s unique strengths, identify high‑growth market opportunities, and analyze potential responses to competitive threats
Learn how our Competitive Strategy toolkit helps you perform internal competency evaluation, market due diligence, and threat mitigation
Market Research’s Overarching Challenges
Competitive Intelligence’s Overarching Challenges
Best Practice Solutions from GTM
What’s Keeping Market Research and Competitive Intelligence Executives Up at Night in 2013?
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The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
SECTION
6
SECTION
5
SECTION
4
SECTION
3
SECTION
2
SECTION
1
INTRO
SECTION
1 Key Market Research Challenges
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The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 1
CHALLENGE
1 Ensuring research insights are actionable and included in stakeholders’ decision‑making
2 Developing an integrated customer and market insights dashboard to support decision‑making
3 Creating an insight generation process that yields high‑quality outputs
4 Integrating global, regional, and local customer/market information to generate insights
5 Demonstrating the ROI of market research
Top Five Key Market Research Challenges
SURVEY QUESTION: What are the top five functional challenges shaping your market research plans?
IN 2011, respondents were concerned with providing valuable insights for strategic decision‑makers
BY 2012, respondents were focusing on demonstrating the ROI of market research
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The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 1
Respondents’ challenges are attributed to staff and process limitations
SURVEY QUESTION: Please indicate the root cause—staff, process, technology/systems, or strategic alignment—of your top five market research challenges.
Root Cause of Top Five Market Research ChallengesTop Five Market Research Challenges
CHALLENGE
1Ensuring research insights are actionable and included in stakeholders’ decision‑making
Process: Lack of enforcement
2Developing an integrated customer and market insights dashboard to support decision‑making
Staff: Inadequate headcount
3 Creating an insight generation process that yields high‑quality outputs Process: Lack of process
4Integrating global, regional, and local customer/market information to generate insights
Staff: Inadequate headcount
5 Demonstrating the ROI of market researchProcess: Lack of enforcement
Strategic Alignment: Insufficient support by senior management
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 1
B-to-B respondents prioritize dashboards and future trends, while B-to-C respondents focus on portfolio balance and insight quality
Top Five Market Research Challenges (By Business Model)
CHALLENGE B-to-B B-to-C
1 Engaging stakeholders to pinpoint their research needs
Ensuring the research portfolio balance strategic and tactical projects
2 Developing an integrated customer and market insights dashboard to support decision‑making
Ensuring research insights are actionable and included in stakeholders’ decision‑making
3 Ensuring research insights are actionable and included in stakeholders’ decision‑making
Creating an insight generation process that yields high‑quality outputs
4 Demonstrating the ROI of market research Integrating global, regional, and local customer/market information to generate insights
5 Identifying and prioritizing future trends/Mega Trends Demonstrating the ROI of market research
11
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
SECTION
6
SECTION
5
SECTION
4
SECTION
3
SECTION
2
SECTION
1
INTRO
SECTION
2 Market Research Resource Trends
12
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 2
0%
10%
20%
30%
40%
50%
35%
41%
22%
26%
31%
14%16%
9%
29%
15%13%
21%
2% 3%
0%2% 3%
0%2%0%
7%
2%0%
7%
B-to-C market research departments have larger budgets than those in B-to-B companies
2013 Market Research Budgets (By Business Model)
SURVEY QUESTION: Which of the above ranges (in $USD) best describes your 2013 total market research budget (all expenditures on market research activities and general & administrative—including staff)?
$250,000 to $499,999
$500,000 to $999,999
Below $250,000 $1 Million to $2.99 Million
$3 Million to $4.99 Million
$5 Million to $9.99 Million
$10 Million to $19.99 Million
$20 Million or more
All Companies B‑to‑B Companies B‑to‑C Companies
percentage of revenue dedicated to department budget (by business model)
The median percentage of company revenue dedicated to the market research budget is: • All companies = 1% • B-to-B companies = 1% • B-to-C companies = 0.9%
Survey Question: What is your 2013 total market research budget as a percentage of your company’s total 2012 revenue?
Average = $374,999
Median = $374,999
0%
10%
20%
13%
18%
10% 10%
8%
10%
8%
5%
10%9%
8%
10%
1%0%
2%
5%
0%
10%
18% 18%
15%
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 2
B-to-C respondents put more emphasis on branding, pricing, and customer satisfaction research than their peers in B-to-B companies
Market Research Portfolio Composition (By Business Model)
SURVEY QUESTION: How have you allocated your market research project portfolio across the above research categories?
All Companies B‑to‑B Companies B‑to‑C Companies
Market Size/Structure Product/Service Development and
Testing
Branding, Messaging, and Market
Communications
Customer/Consumer Behavior
(segmentation, attitudes, usage
studies, etc.)
Pricing Research Customer Satisfaction/Market
Tracking
Business/Competitive Intelligence
market research’s budget allocated to vendors (by business model)
The median percentage of budget allocated to vendors is: • All companies = 45% • B-to-B companies = 27.5% • B-to-C companies = 60%
Survey Question: What percent of your 2013 budget is allocated to vendors/suppliers?
0%
10%
20%
30%
40%
50%
60%
70%
2% 3%0%
25%
21%
38%
67%70%
54%
6% 6%8%
0% 0% 0%
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 2
The majority of respondents expect staffing levels to remain constant in 2013
Market Research Staffing Changes (By Business Model)
SURVEY QUESTION: In comparison to 2012, your 2013 market research staffing will…
All Companies B‑to‑B Companies B‑to‑C Companies
market research staff (by business model)
The median number of staff is: All companies = 3 employees, B-to-B companies = 3 employees, B-to-C companies = 4.5 employees.
Survey Question: Approximately how many full-time employees are in your market research department?
2013 Average Rating = 3 23
2012 Average Rating = 3 112011 Average Rating = 3 21
4Increase Moderately
1Decrease Substantially
5Increase Substantially
2Decrease Moderately
3Stay the Same
RESPONDENTS’ expectations for additional staff has recovered after a sharp decline in 2012
0%
10%
20%
30%
40%
50%
4%6%
0%
32% 31%
39%
49%47% 46%
13% 13%15%
2% 3%
0%
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The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 2
Most respondents expect budgets to remain static in 2013
Market Research Budget Changes (By Business Model)
SURVEY QUESTION: In comparison to 2012, your 2013 market research budget will…
All Companies B‑to‑B Companies B‑to‑C Companies
2013 Average Rating = 3 232012 Average Rating = 3 06
2011 Average Rating = 3 14
4Increase Moderately
1Decrease Substantially
5Increase Substantially
2Decrease Moderately
3Stay the Same
EXPECTATIONS for additional funding have increased
0%
10%
20%
30%
40%
50%
60%
70%
4% 3%
8%
33%
41%
15%
48%
37%
69%
11%13%
8%
4%6%
0%
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 2
Most respondents rate their departments’ effectiveness as “Average”
Market Research Effectiveness (By Business Model)
SURVEY QUESTION: How would you rate the performance or effectiveness of your function compared to others within your industry?
4Above Average
1Poor
5Exceptional
2Below Average
3Average
All Companies B‑to‑B Companies B‑to‑C Companies
2013 Average Rating = 2 742012 Average Rating = 3 31
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The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
SECTION
6
SECTION
5
SECTION
4
SECTION
3
SECTION
2
SECTION
1
INTRO
SECTION
3 Key Competitive Intelligence Challenges
18
The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 3
CHALLENGE
1 Developing, implementing, and monitoring counter‑intelligence tactics
2 Packaging and communicating competitive data and insights to drive stakeholder decision‑making
3 Capturing the competitive information held by your company’s employees
4 Developing an integrated competitive insights dashboard to support decision‑making
5 Conducting actionable win/loss analysis
Top Five Key Competitive Intelligence Challenges
SURVEY QUESTION: What are the top five functional challenges shaping your competitive intelligence strategy?
FOR the previous two years, the top challenge was “Aligning Key Intelligence Topics (KITs) to the company’s strategic priorities ”
19
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 3
Respondents’ challenges are attributed to staff and process limitations
SURVEY QUESTION: Please indicate the root cause—staff, process, technology/systems, or strategic alignment—of your top five competitive intelligence challenges
Root Cause of Top Five Competitive Intelligence ChallengesTop Five Competitive Intelligence Challenges
CHALLENGE
1 Developing, implementing, and monitoring counter‑intelligence tactics Staff: Inadequate skills
2Packaging and communicating competitive data and insights to drive stakeholder decision‑making
Process: Lack of process
3 Capturing the competitive information held by your company’s employees Process: Lack of process
4Developing an integrated competitive insights dashboard to support decision‑making
Technology/Systems: Inadequate/outdated technology
5 Conducting actionable win/loss analysis Staff: Lack of experience
20
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 3
B-to-B respondents focus on dashboards and counter-intelligence tactics, while their B-to-C peers prioritize stakeholder needs and competitive alerts
Top Five Competitive Intelligence Challenges (By Business Model)
CHALLENGE B-to-B B-to-C
1 Developing, implementing, and monitoring counter‑intelligence tactics
Packaging and communicating competitive data and insights to drive stakeholder decision‑making
2 Capturing the competitive information held by your company’s employees Diagnosing stakeholders’ specific intelligence needs
3 Packaging and communicating competitive data and insights to drive stakeholder decision‑making
Capturing the competitive information held by your company’s employees
4 Developing an integrated competitive insights dashboard to support decision‑making Creating effective and timely competitive alerts
5 Conducting actionable win/loss analysis Conducting actionable win/loss analysis
21
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
SECTION
6
SECTION
5
SECTION
4
SECTION
3
SECTION
2
SECTION
1
INTRO
SECTION
4 Competitive Intelligence (CI) Resource Trends
0%
10%
20%
30%
40%
50%
60%
70%
61%63%
60%
15%
22%
0%
11%9%
13%11%
6%
20%
2%0%
7%
22
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 4
The majority of CI departments have budgets that do not exceed $250,000
2013 Competitive Intelligence Budgets (By Business Model)
SURVEY QUESTION: Which of the above ranges (in $USD) best describes your 2013 total competitive intelligence budget (all expenditures on competitive intelligence activities and general & administrative—including staff)?
$250,000 to $499,999
$500,000 to $999,999
Below $250,000 $1 Million to $2.99 Million
$3 Million or more
All Companies B‑to‑B Companies B‑to‑C Companies
percentage of revenue dedicated to budget (by business model)
The median percentage of company revenue dedicated to the CI budget is: All companies = 1%, B-to-B companies = 1%, B-to-C companies = 1%.
Survey Question: What is your 2013 total competitive intelligence budget as a percentage of your company’s total 2012 revenue?
Average = $191,500
Median = $125,000
percentage of budget allocated to vendors (by business model)
The median percentage of budget allocated to vendors is: All companies = 10%, B-to-B companies = 10%, B-to-C companies = 3%.
Survey Question: What percentage of your 2013 budget is allocated to vendors/suppliers?
All Companies B‑to‑B Companies B‑to‑C Companies
4Increase Moderately
1Decrease Substantially
5Increase Substantially
2Decrease Moderately
3Stay the Same
0%
10%
20%
30%
40%
50%
60%
70%
4%6%
0%
19% 18%
22%
65% 65% 64%
10%8%
14%
2% 3%0%
23
The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 4
The majority of respondents expect staffing levels to remain static
Competitive Intelligence Staffing Changes (By Business Model)
SURVEY QUESTION: In comparison to 2012, your 2013 competitive intelligence staffing will…
competitive intelligence staff (by business model)
The median number of employees in 2013 is: • All companies = 2 employees • B-to-B companies = 1.5 employees • B-to-C companies = 2.5 employees
Survey Question: Approximately how many full-time employees are in your competitive intelligence department?
2013 Average Rating = 3 122012 Average Rating = 3 212011 Average Rating = 3 25
EXPECTATIONS for additional staff have declined over the past three years
All Companies B‑to‑B Companies B‑to‑C Companies
4Increase Moderately
1Decrease Substantially
5Increase Substantially
2Decrease Moderately
3Stay the Same
0%
10%
20%
30%
40%
50%
60%
70%
2% 3%0%
22%
27%
12%
58%
52%
69%
18% 18% 19%
0% 0% 0%
24
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 4
The majority of respondents expect little to no budget increase for 2013
Competitive Intelligence Budget Changes
SURVEY QUESTION: In comparison to 2012, your 2013 competitive intelligence budget will…
2013 Average Rating = 3 082012 Average Rating = 3 182011 Average Rating = 3 25
RESPONDENTS’ forecasts for additional funding have declined over the past three years
0%
10%
20%
30%
40%
50%
60%
8% 9%6%
28%30%
25%
33%
21%
56%
29%
37%
13%
2% 3%0%
25
The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 4
B-to-C respondents are twice as likely to rate their departments’ effectiveness as “Average” than their B-to-B peers
Competitive Intelligence Effectiveness (By Business Model)
SURVEY QUESTION: How would you rate the performance or effectiveness of your function compared to others within your industry?
4Above Average
1Poor
5Exceptional
2Below Average
3Average
All Companies B‑to‑B Companies B‑to‑C Companies
2013 Average Rating = 3 122012 Average Rating = 3 22
26
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 4
0%
10%
20%
30%
40%
50%
32%
26%
46%
20% 20% 20%
16%
12%
20%
14%
21%
0%
6% 6% 7%
10%12%
7%
2% 3%
0%
Most CI departments report into Marketing
Direct Line Report of Competitive Intelligence (By Business Model)
SURVEY QUESTION: To which department does your competitive intelligence function directly report?
Corporate Strategy/Planning
Executive Management
(CEO/President/General Manager)
OtherMarketing Market Research R&D/Innovation and Product
Development
Sales/Business Development
All Companies B‑to‑B Companies B‑to‑C Companies
SINCE 2012, the percentage of CI departments reporting into Marketing has decreased by 10%, and the percentage reporting into Executive Management has doubled
27
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Special Interest Topic: Supporting Stakeholder Decision‑Making
SECTION
6
SECTION
5
SECTION
4
SECTION
3
SECTION
2
SECTION
1
INTRO
SECTION
5
28
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 5
Corporate Strategy/Planning (65%)
Marketing (74%)Sales/Business Development (78%)
Marketing (66%)
Sales/Business Development (47%)
Sales/Business Development (67%)
Corporate Strategy/Planning (50%)
Corporate Strategy/Planning (50%)
Marketing (63%)
Sales/Business Development accounts for most of the B-to-B respondents’ research portfolio, while Marketing is the primary client for B-to-C respondents
Top Three Clients (By Business Model)
B-to-C CompaniesAll Companies B-to-B Companies
SURVEY QUESTION: Please identify your top three internal clients (in terms of the percentage of your research portfolio they account for)
(100%) (80%) (60%) (40%) (20%) 0% 20% 40% 60% 80% 100%
67%61%
78%
50%(55%)
61%
(59%)(58%)
(61%)
(60%)(68%)
56%
(60%)(61%)
(61%)
(67%)(68%)
(67%)
29
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 5
SURVEY QUESTION: Which of the above activities does your department perform to support Marketing’s decision‑making (please check all that apply)?
Market assessments are a critical activity conducted for Marketing
Activities to Support Marketing (By Business Model)
Currently Conducting
Not Conducting *
* Percentages indicate the number of people not using this activity.
Voice of the Customer
Market Assessments
Pricing Research
Customer Satisfaction and Loyalty Research
Customer/Consumer Research
Branding, Messaging, and Marketing Communications
measuring successThe primary method used to measure impact on Marketing is: • All companies = Customer Satisfaction or Net Promoter Scores (33%)
• B-to-B companies = Customer Satisfaction or Net Promoter Scores (44%)
• B-to-C companies = Key Intelligence Topics (34%)
Survey Question: What metric(s) do you use to measure the impact of your department’s work for Marketing?
All Companies B‑to‑B Companies B‑to‑C Companies
(100%) (80%) (60%) (40%) (20%) 0% 20% 40% 60% 80% 100%
70%
69%
69%
60%
63%
57%
(57%)
(59%)
54%
(62%)
(59%)
(69%)
(79%)
(75%)
(85%)
30
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 5
SURVEY QUESTION: Which of the above activities does your department perform to support Sales’ decision‑making (please check all that apply)?
The majority of respondents do not conduct win/loss analysis for Sales
Activities to Support Sales (By Business Model)
* Percentages indicate the number of people not using this activity.
War-gaming
Customer/Consumer Research
Tools that Position Sales Against Specific Competitors (e.g., Battle Cards)
Win/Loss Analysis
Sales Forecasts and Pipeline Analyticsmeasuring success
The primary method used to measure impact on Sales is: • All companies = Sales or Win/Loss Ratio (46%)
• B-to-B companies = Sales or Win/Loss Ratio (50%)
• B-to-C companies = Forecast Accuracy (40%)
Survey Question: What metric(s) do you use to measure the impact of your department’s work for Sales?
Currently Conducting
Not Conducting *
All Companies B‑to‑B Companies B‑to‑C Companies
(100%) (80%) (60%) (40%) (20%) 0% 20% 40% 60% 80% 100%
80%
82%
80%
53%
50%
60%
(62%)
(61%)
(60%)
(80%)
(76%)
(87%)
(84%)
(82%)
(87%)
31
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 5
SURVEY QUESTION: Which of the above tools/methods do you use to support Executive Management’s decision‑making (please check all that apply)?
SWOT analysis is the primary activity conducted for Executive Management
Activities to Support Executive Management (By Business Model)
* Percentages indicate the number of people not using this activity.
War-gaming
SWOT Analysis
Customer/consumer segmentation
Strategic Early Warning (SEW)
Scenario planning
Currently Conducting
Not Conducting *
measuring successThe primary method used to measure impact on Executive Management is: • All companies = Verbal feedback (39%) • B-to-B companies = Key Intelligence Topics (38%)
• B-to-C companies = Verbal feedback (60%)
Survey Question: What metric(s) do you use to measure the impact of your department’s work for Executive Management?
All Companies B‑to‑B Companies B‑to‑C Companies
(100%) (80%) (60%) (40%) (20%) 0% 20% 40% 60% 80% 100%
74%
78%
64%
52%
(56%)
64%
(63%)
(58%)
(71%)
(84%)
(78%)
(100%)
(87%)
(86%)
(86%)
32
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2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 5
SURVEY QUESTION: Which of the above tools/methods do you use to support Corporate Strategy’s decision‑making (please check all that apply)?
SWOT analysis is the primary activity conducted for Corporate Strategy
Activities to Support Corporate Strategy (By Business Model)
* Percentages indicate the number of people not using this activity.
measuring successThe primary method used to measure impact on Corporate Strategy is: • All companies = Sales (40%) • B-to-B companies = Sales (50%) • B-to-C companies = Key Intelligence Topics (50%)
Survey Question: What metric(s) do you use to measure the impact of your department’s work for Corporate Strategy?
Currently Conducting
Not Conducting *
All Companies B‑to‑B Companies B‑to‑C Companies
War-gaming
SWOT Analysis
Customer/Consumer Segmentation
Strategic Early Warning (SEW)
Scenario Planning
(100%) (80%) (60%) (40%) (20%) 0% 20% 40% 60% 80% 100%
86%
86%
83%
57%
50%
67%
(51%)
(55%)
50%
(54%)
(68%)
67%
(66%)
(73%)
(58%)
33
The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 5
SURVEY QUESTION: Which of the above activities do you conduct to contribute to Product Development’s decision‑making (please check all that apply)?
Most respondents provide front-end inputs (needs analysis and brand positioning) for Product Development
Activities to Support Product Development (By Business Model)
* Percentages indicate the number of people not using this activity.Note: The number of respondents who measure their support for product development, was not statistically significant enough for analysis.
Product Testing
Customer Needs Analysis
Brand Positioning
Post-launch Evaluations
Product Concept and Packaging Testing
Currently Conducting
Not Conducting *
All Companies B‑to‑B Companies B‑to‑C Companies
34
The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
SECTION
6
SECTION
5
SECTION
4
SECTION
3
SECTION
2
SECTION
1
INTRO
SECTION
6 Respondent Demographics
35
The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 6
Respondent Demographics
SURVEY QUESTION: Please indicate the type of enterprise, business model, and revenue that best represents your company
N = 88
N = 87N = 91
Enterprise Type Business Model
Company Revenue
41%
4%2%
6%1%
46%
25%
8% 67%
Public
Private
Hybrid
B-to-B Company
Venture CapitalGovernment/Public Sector
Not for Profit
0%
20%
40%
19%
6%
17%
9%
24% 25%
$50 Million to $99.99 Million
Below $50 Million
$100 Million to $499.99 Million
$500 Million to $999.99 Million
$1 Billion to $11 Billion
More than $11 Billion
B-to-C Company (Indirect)
B-to-C Company (Direct)
The majority of the respondents come from B‑to‑B companies
Most respondents are from Public companies
36
The contents of these pages are copyright © 2013 Frost & Sullivan. All rights reserved.
2013 survey resultsgrowth team m e m b e r s h i p ™
Growth Team Membership™ research.
Section 6
0%
10%
20%
30%
40%37%
31%
20%19%
18%
Chemicals, Materials, and Food
SURVEY QUESTION: Please indicate which industry categories best describe your company (check all that apply)
Respondent Demographics: Top Five Participating Industries
N = 85
Automotive and Transportation
Information and Communication
Technologies
Energy and Power Systems
Healthcare and Life Sciences