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Getting closer to the voice of the customer

Posted on Tue, May 18, 2010 @ 02:12 PM
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I caught an article on Fast Company today about a recent IBM study with over 1,500 CEOs from across 60 countries and 33 industries.  While the article leads with how creativity is considered a key leadership quality, I thought the more interesting takeaway was that "getting closer to the customer" is a top business strategy and area of focus for these CEOs over the next 5 years.  In fact, 88% of the CEOs surveyed said this was a key area of focus, followed shortly thereafter by 76% saying that "insight and intelligence" is also a key area.

At first glance, this seems like great news for those of us in marketing research and consumer insights.  Without having seen the study itself, I wonder what has caused this shift and how this matches up with previous research on the topic.  One guess might be that the recession has forced many leaders to focus even more on loyalty and satisfaction among existing customers.  Increased interest in customer-driven innovation and the potential for competitive advantage through this type of innovation might also be a factor in play here.  Or maybe the intense interest in social media is making some realize that the ability to draw customers closer than ever before (in brand new ways) is now attainable.  Either way, I'm excited to see how this will play out over the next few years, and whether it will help research and insights folks finally get their coveted "seat at the table."

What do you think?  What factors could be prompting this increased focus?

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COMMENTS

CEOs (and all managers) are being told to do more with less. While this is not a new phenomenon, the economic climate requires that they meet ever increasing customer expectations. The only way to do that is to get in touch and stay in touch with them.

posted @ Tuesday, May 18, 2010 4:10 PM by Bob Fichtner


Interesting. And perhaps I am just in a cynical mood today...but I fear it could be risky for much of the MR industry. If CEOs want to be closer to customers, they may forego surveys and large scale qual--since these often feel remote. Instead, they may choose to simply spend more time directly with clients. Getting closer to clients may not mean using third party agencies to collect data.

posted @ Monday, July 12, 2010 3:46 PM by Kathryn Korostoff


This is mainly à good thing. I am à researcher in à large bank in The Netherlands and we currently have serious attention for our work. Because of high level attention THE board find out they need us to listen to THE voice of THE Customer in à structured way. Our research budgets actually went up.  
However we are more criticalalingment wat agencies over. Especially the bigger ones with high overhead and traditional methodes and large reports lost business. À kind of shake out of the industry which is healthy. 
Kind regards, 
Jorrit Lang

posted @ Monday, July 12, 2010 4:46 PM by Jorrit Lang


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