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April 24, 2008 Will Web 2.0 Transform Market Research?Yes — But High Cost Will Mean That Firms With Big Budgets Leadby Brad Bortner with Ellen Daley, Heidi Shey, Madiha Ashour |
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Market research online communities (MROCs) will shock the qualitative market research world. They provide cheaper, faster, and newer types of insights that today's traditional qualitative research modes, such as focus groups, don't currently provide. Today, many still confuse MROCs — dedicated online communities for qualitative market research purposes — with other online communities used for social networking or online panels used for quantitative research. Despite the confusion, MROCs are fundamentally changing the cost structure of qualitative research from a variable-cost, per-project basis to a fixed-cost "all you can eat" basis — while supporting research approaches that range from using focus groups, harvesting unmoderated conversations, and conducting ethnographic research. Use the tools that we provide in this document to assess your firm's readiness, and use our quick-start guide to kick off your MROC.
This is an excerpt
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Sales, Marketing, & Product Strategy, Market Research, New Market Research Strategies, Customer Experience, Social Computing & Web 2.0, Marketing & Advertising, Interactive Marketing