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For Customer Insights Professionals

Achieving ROI-Aligned Research And High Value

How To Calculate The Value Of Market Insights And Be A Business Driver

June 15, 2011

By Richard Evensen with Reineke Reitsma, Samantha Yanling Jaddou

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Why Read This Report

What is your worth? This is an awkward and, for small market insights departments, very personal question. However, it is the one question executives are asking, and assessing, of all of their business units every day. Market insights is not an exception. So how does the market insights department show its value and worth? In this report, Forrester will outline the process and formulas that will support market insights in computing the value and ROI of research while uncovering opportunities to build its value and become not only a more valuable business unit but also a business driver.
Tags: Market Research
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TABLE OF CONTENTS

  • Determining ROI Is Hard But Necessary
  • Measure Metrics That Maximize Value And Data Quality
  • The Market Insights ROI Formula
  • Building Out The Formula
  • ROI Scenario Examples
  • Optimize Market Insights' Focus, Methods, And Insights Delivery

  • RECOMMENDATIONS

    Take Steps Toward Becoming A Business Driver

  • WHAT IT MEANS

    Knowledge Is Power
  • Supplemental Material
  • Related Research Documents

TOOLS & TEMPLATES

  • Models & Calculators:

    ROI Is Hard To Determine, And Some Believe It's Not Necessary

  • Models & Calculators:

    The Market Insights ROI Formula Is Simple And Defensible Yet Flexible

  • Models & Calculators:

    Use Hard Metrics For ROI Calculations And Soft Metrics For Enhancing Value Perception

  • Models & Calculators:

    Determine Typical Conversion Rates To Quantify Return On KPI Changes

 
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