are we happy with the route research is taking?

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Market Research & Insight ConsultantsM Callum Laytonc

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Are  we  happy  with  the  direc.on  research  is  taking?  

Market Research & Insight ConsultantsM Callum Laytonc

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My,  how  you’ve  changed!  

•  Online  panels  •  Internet  •  Social  media:  TwiCer,  Snapchat,  Facebook,  LinkedIn,  Google  •  Data  overload  •  Procurement  •  Data  silos    •  Behavioural  economics  •  MRI  scans  •  Survey  monkey  •  Gamifica.on  

Market Research & Insight ConsultantsM Callum Laytonc

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Market Research & Insight ConsultantsM Callum Laytonc

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UK  Grocery  Market  Share  2008  Compared  to  2015  

0   5   10   15   20   25   30   35   40  

Other  

Iceland  

Lidl  

Aldi  

Waitrose  

Morrisons  

Sainsbury  

Asda  

Tesco  

8.7  

1.7  

2.4  

3  

3.8  

11.1  

15.8  

17  

36.1  

12  

2.2  

3.5  

5  

5.2  

11  

16.8  

17  

28.0  

12  w/e  March  1st  2015  

2008  

Source:  Kantar  Worldpanel  and  Kantar  Worldwide.  

Market Research & Insight ConsultantsM Callum Laytonc

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Reduced  Your  Spending  On  Anything  In  Last  6  Months?    McCallum  Layton  survey  2008  

30+  years  old  18-­‐29  years  old  

30%     food  &  drink       52%  

43%     going  out/socialising/ea.ng  out     29%  

34%     clothes   22%  

15%     travelling  by  car     25%    

 10%       household  energy     24%  

6%     holidays   14%  

48% YES   58%  

Market Research & Insight ConsultantsM Callum Laytonc

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Long  Or  Short-­‐Term  Changes  To  Spending?  McCallum  Layton  survey  2008  

  30+  years  old  18-­‐29  years  old  

41%  

Long  term  changes  to  spending.  I  will  con.nue  with  them  acer  situa.on  

improves  43%      

44%  

57%  

Short  term  changes  to  spending.  I  will  revert  to  how  I  used  to  spend  when  

situa.on  improves  52%  

 48%    

Market Research & Insight ConsultantsM Callum Laytonc

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Long-­‐Term  Behaviour  McCallum  Layton  Annual  Money  MaCers  Survey:  See  our  website    

2011   2012   2013   2014   2015  

48%   51%   77%   67%   67%  

Watching  what  I  spend  has  become  a  way  of  life,  I’ll  con.nue  when  my  finances  get  easier  

Market Research & Insight ConsultantsM Callum Laytonc

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Not  Just  Grocery  

•  Alliance  &  Leicester,  Bradford  &  Bingley  and  Dunfermline  building  society  were  taken  over  

•  Royal  Bank  of  Scotland  and  Lloyds  Banking  Group  are  now  under  state  control.  

•  Woolworths,  MFI,  Land  of  Leather,  Comet,  Jessops,  HMV,  Blockbuster,  Dolcis,  Peacock  Fashion,  Game  Group  and  Borders  all  went  

•  Habitat  closed  30  out  of  33  stores  •  JJB  Stores  collapsed  in  Sept  2012  (400  down  to  20  stores)  •  Bri.sh  Airways  was  in  financial  trouble  (£401m  loss)  •  Corus  Steel  laid  off  4,500  workers  •  Jaguar  Land  Rover  laid  off  staff/short-­‐.me  working    

Between  2008  –  2010  170,00  small  businesses  went  bankrupt  Between  2008  –  2013  UK  retailers  suffered  an  es.mated  £23bn  in  lost  sales  (source  Conlumino)  

Market Research & Insight ConsultantsM Callum Laytonc

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BIGGER      (maybe  bigger  budgets,  more  data  is  a  help)        

 BETTER?  (I’m  not  so  sure)  

 FASTER      (Herein  lies  one  of  the  problems)  

Market Research & Insight ConsultantsM Callum Laytonc

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Faster,  Faster  

Speed    •  We  are  the….  

•  instant  gra.fica.on  society  •  soundbite  society  •  online  society  •  in  a  hurry  society  •  Today’s  market  researchers  are  under  great  pressure  to  

produce  fast  ac.onable  results  on  which  to  base  informed  decisions  

 

Market Research & Insight ConsultantsM Callum Laytonc

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Other  Factors  Are  Also  At  Play  

•  Many  companies  run  by  accountants  focusing  on  figures  at  the  expense  of  qualita.ve  understanding  

•  The  rise  of  procurement    •  Purchasing  on  cost  not  quality  •  many  without  any  research  

understanding  

•  DIY  research  plaporms  

•  More  quant  research  and  anecdotal  evidence  that  qual  is  out  of  fashion  

 

   

Market Research & Insight ConsultantsM Callum Laytonc

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What  Should  We  Do  About  It?  

•  Prior  to  the  research,  undertake  a  stakeholder  audit  

•  At  project  design  stage  leave  .me  to  examine  the  qualita.ve  aspects  behind  the  numbers  

•  Step  back  a  bit  and  take  .me  to  examine  the  findings  

•  Compile  and  insight  ac.on  audit  (IAA)  

•  Make  .me  for  a  post-­‐results  workshop  using  the  IAA  

•  Disseminate  the  results  to  all  research  stakeholders  in  an  engaging  and  interes.ng  way    

Market Research & Insight ConsultantsM Callum Laytonc

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Stakeholder  Audit  

These  slides  are  copyright.    If  you  would  like  the  template  please  email  duncanmccallum@mccallum-­‐layton.co.uk  

Market Research & Insight ConsultantsM Callum Laytonc

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Insight  Ac.on  Audit  For  AJAX  LTD  

These  slides  are  copyright.    If  you  would  like  the  template  please  email  duncanmccallum@mccallum-­‐layton.co.uk  

Market Research & Insight ConsultantsM Callum Laytonc

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MLTV:  Communicate  In  An  Engaging  Way  

•  Brings  your  insight  to  life  •  Exci.ng  and  impacpul  •  Easy  to  use  •  Can  incorporate  a  variety  of  media  •  Presenter  explains  the  informa.on  •  Can  be  accessed  on  the  move  on  

some  smartphones  •  Secure  password  protected  access  

 

Market Research & Insight ConsultantsM Callum Laytonc

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To  Summarise  

•  2008  saw  the  start  if  the  UK’s  worst  recession  since  the  1930’s    

•  In  2008  there  were  already  strong  pointers  to  the  likely  long-­‐term  effects  

•  Researchers  had  more  tools  available  than  before  –  yet  many  companies  didn’t  realise  what  was  happening  

•  The  dash  for  faster  and  faster  results,  more  quant  than  qual  missed  the  bigger  picture    

•  Where  possible  we  need  to  slow  down  and  get  back  to  the  basics  of  good  research  –  take  .me  to  properly  dissect  the  results  and  their  likely  effect  

•  Make  sure  the  results  reach  the  parts  of  the  company  that  can  act  on  them    

•  Communicate  the  results  in  an  interes.ng  and  engaging  way    

Market Research & Insight ConsultantsM Callum Laytonc

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Market Research & Insight ConsultantsM Callum Laytonc

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Thank  You