The Tao of Market Research

23
The Road Ahead The Future of Marketing Research Muder Chiba

description

A presentation I made as the Keynote Speaker at the Research Conference of the Rizvi Management Institute. It focuses on the short-term trends for 2014 and beyond. But focuses more on the need to embrace fuzziness, and use the artful fusion of algorithm with wisdom

Transcript of The Tao of Market Research

Page 1: The Tao of Market Research

Muder Chiba

The Road Ahead

The Future of Marketing Research

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Muder Chiba

Defining MR

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Defining MR

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Defining MR Unconscious competence

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“Marketing research involves gathering and analyzing (information) in a systematic manner, with the objective of identifying or solving marketing problems and facilitating decision-making.

Defining MRConscious competence

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MOBILEDIYMARKETING SCIENCECOMMODITIZATIONNEUROSCIENCEMEMETICS

Predictions for 2014 and beyond

6The overarching fundamental governing frameworks are still evolving…

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The Yin and Yang of Marketing Research

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Man as Ape Man as Scientist

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Structured Data Unstructured Data

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Big Data Small Data

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Measurement Understanding

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Individual Collective

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Evidence Intuition

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Industry Guild

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Protect my *ackside

Protect my Future

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Rear view WindshieldExplanation Prediction

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AristotleBivalence

BuddhaMulti valence

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Strategy Execution

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Science Art

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Content Context

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What will all this mean to you ?

You will have to develop Bivalent Unconscious Competence in the use of Information to take business decisions…

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QualitativeMethod

QuantitativeMethod

Mode

Mode

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Algorithm Wisdom

Embrace Bivalence