social desirability effects in market research effectiveness

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Page 1: Social Desirability Effects in Market Research Effectiveness

Return to Table of Contents

SOCIAL DESIRABILITY EFFECTS IN MARKET

RESEARCH EFFECTIVENESS

9.19.2016

Page 2: Social Desirability Effects in Market Research Effectiveness

MEETTHE

TEAMA BIT OF CONTEXT

THE PREDICTIVE VALUE OF SOCIAL

CASE STUDIE

SCONCLUSIO

NS AND NEXT STEPS

Page 3: Social Desirability Effects in Market Research Effectiveness

MEETTHE

TEAM

Page 4: Social Desirability Effects in Market Research Effectiveness

MEET THE TEAM

KELLEY STERNHAGEN

Director, Analytics W2O Group

SETH DUNCANChief Analytics Officer, W2O

Group

Page 5: Social Desirability Effects in Market Research Effectiveness

A BIT OF CONTEXT

Page 6: Social Desirability Effects in Market Research Effectiveness

THE ALLURE OF DIGITAL AND SOCIAL DATA

Page 7: Social Desirability Effects in Market Research Effectiveness

ADDRESSING THE REPRESENTATIVENESS OF SOCIAL MEDIA

While social is not

representative of the

population, the population is represented

on social

of people in developed

markets have active accounts on their country’s

most popular social platform (We Are Social)

of Americans 65+ report using social media on a regular basis

Social media provides insight into younger audiences,

which have been more difficult to understand in

the past

Page 8: Social Desirability Effects in Market Research Effectiveness

ADDRESSING THE REPRESENTATIVENESS OF SOCIAL MEDIA

While social is not

representative of the

population, the population is represented

on social

of people in developed

markets have active accounts on their country’s

most popular social platform (We Are Social)

of Americans 65+ report using social media on a regular basis

Social media provides insight into younger audiences,

which have been more difficult to understand in

the past

Page 9: Social Desirability Effects in Market Research Effectiveness

ADDRESSING THE REPRESENTATIVENESS OF SOCIAL MEDIA

While social is not

representative of the

population, the population is represented

on social

of people in developed

markets have active accounts on their country’s

most popular social platform (We Are Social)

of Americans 65+ report using social media on a regular basis

Social media provides insight into younger audiences,

which have been more difficult to understand in

the past

Page 10: Social Desirability Effects in Market Research Effectiveness

ADDRESSING THE REPRESENTATIVENESS OF SOCIAL MEDIA

While social is not

representative of the

population, the population is represented

on social

of people in developed

markets have active accounts on their country’s

most popular social platform (We Are Social)

of Americans 65+ report using social media on a regular basis

Social media provides insight into younger audiences,

which have been more difficult to understand in

the past

Page 11: Social Desirability Effects in Market Research Effectiveness

ADDRESSING THE REPRESENTATIVENESS OF SOCIAL MEDIA

While social is not

representative of the

population, the population is represented

on social

of people in developed

markets have active accounts on their country’s

most popular social platform (We Are Social)

of Americans 65+ report using social media on a regular basis

Social media provides insight into younger audiences,

which have been more difficult to understand in

the past

Page 12: Social Desirability Effects in Market Research Effectiveness

PEOPLE POST A RANGE OF POSITIVE & NEGATIVE EXPERIENCES ONLINE

Page 13: Social Desirability Effects in Market Research Effectiveness

SOCIAL MEASUREMENT CAN LACK ACTIONABILITY FOR MARKETERS

Page 14: Social Desirability Effects in Market Research Effectiveness

ONLY A SMALL NUMBER OF PEOPLE POST CONTENT ONLINE

1% CREATE CONTENT

9% SHARE AND

REPACKAGE90% LISTEN AND LEARN

Page 15: Social Desirability Effects in Market Research Effectiveness

ONLY A SMALL NUMBER OF PEOPLE POST CONTENT ONLINE

1% CREATE CONTENT

9% SHARE AND

REPACKAGE90% LISTEN AND LEARN

Page 16: Social Desirability Effects in Market Research Effectiveness

ONLY A SMALL NUMBER OF PEOPLE POST CONTENT ONLINE

1% CREATE CONTENT

9% SHARE AND

REPACKAGE90% LISTEN AND LEARN

Page 17: Social Desirability Effects in Market Research Effectiveness

ONLY A SMALL NUMBER OF PEOPLE POST CONTENT ONLINE

1% CREATE CONTENT

9% SHARE AND

REPACKAGE90% LISTEN AND LEARN

Page 18: Social Desirability Effects in Market Research Effectiveness

LEVERAGING DIGITAL BEHAVIORAL TRACES IN ADDITION TO CONVERSATION

Page 19: Social Desirability Effects in Market Research Effectiveness

LEVERAGING DIGITAL BEHAVIORAL TRACES IN ADDITION TO CONVERSATION

Page 20: Social Desirability Effects in Market Research Effectiveness

LEVERAGING DIGITAL BEHAVIORAL TRACES IN ADDITION TO CONVERSATION

Page 21: Social Desirability Effects in Market Research Effectiveness

THE PREDICTIVE VALUE OF SOCIAL

Page 22: Social Desirability Effects in Market Research Effectiveness

SOCIAL AND DIGITAL DATA IS SOMEWHAT PREDICTIVE OF…

Page 23: Social Desirability Effects in Market Research Effectiveness

SOCIAL AND DIGITAL DATA IS SOMEWHAT PREDICTIVE OF…

BOX OFFICE RECEIPTS

(Asur & Huberman, 2010; Noseworthy,

2013; Panaligan & Chen, 2013)

Page 24: Social Desirability Effects in Market Research Effectiveness

SOCIAL AND DIGITAL DATA IS SOMEWHAT PREDICTIVE OF…

ELECTORAL OUTCOMES

(DiGrazia et. al., 2013; Maldonado & Sierra, 2016;

O’Connor et. al., 2010; Tumasjan et. al., 2010)

Page 25: Social Desirability Effects in Market Research Effectiveness

SOCIAL AND DIGITAL DATA IS SOMEWHAT PREDICTIVE OF…

INFLUENZA OUTBREAKS

(Ginsberg & Mohebbi, 2009)

Page 26: Social Desirability Effects in Market Research Effectiveness

SOCIAL AND DIGITAL DATA IS SOMEWHAT PREDICTIVE OF…

ECONOMIC INDICES

(Choi & Varian, 2012)

Page 27: Social Desirability Effects in Market Research Effectiveness

SOCIAL DESIRABILITY MEANS DIGITAL AND SOCIAL DATA MAY PROVIDE ADDITIONAL VALUE FOR YOUNGER AUDIENCES

Page 28: Social Desirability Effects in Market Research Effectiveness

SOCIAL DESIRABILITY MEANS DIGITAL AND SOCIAL DATA MAY PROVIDE ADDITIONAL VALUE FOR YOUNGER AUDIENCES

Young & McCoy, 2015

Page 29: Social Desirability Effects in Market Research Effectiveness

SOCIAL DESIRABILITY MEANS DIGITAL AND SOCIAL DATA MAY PROVIDE ADDITIONAL VALUE FOR YOUNGER AUDIENCES

Pearson, Henryks & Jones, 2011

Young & McCoy, 2015

Page 30: Social Desirability Effects in Market Research Effectiveness

SOCIAL DESIRABILITY MEANS DIGITAL AND SOCIAL DATA MAY PROVIDE ADDITIONAL VALUE FOR YOUNGER AUDIENCES

Pearson, Henryks & Jones, 2011

Reifman, Klein & Murphy, 1989Visser & Krosnick, 1998Tesch, 1983

Young & McCoy, 2015

Page 31: Social Desirability Effects in Market Research Effectiveness

CASE STUDIE

S

Page 32: Social Desirability Effects in Market Research Effectiveness

CASE STUDY #1: AGE EFFECTS IN PREDICTIONS FOR BOX OFFICE SALES

Page 33: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

Page 34: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

GOALS

Page 35: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

SAMPLE

Page 36: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

INDEPENDENT

VARIABLES

Page 37: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

DEPENDENT

VARIABLES

Page 38: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

ANALYSIS

TECHNIQUES

Page 39: Social Desirability Effects in Market Research Effectiveness

PREDICTIVE VALUE OF SOCIAL AND DIGITAL METRICS ACROSS MOVIE-GOING AGE BANDS

Digital is a better predictor of purchase behavior among those 18-44

13 - 17 18 - 24 25 - 34 35 - 44 45 - 54

39%28% 28% 35%

54%

37% 55% 49% 41%19% Digital Metrics

Non-Digital Metrics

PRED

ICTI

VE (R

2) C

ONTR

IBUT

ION

Page 40: Social Desirability Effects in Market Research Effectiveness

CASE STUDY #2: AGE EFFECTS IN PREDICTIONS FOR AUTOMOTIVE

SALES

Page 41: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

Page 42: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

GOALS

Page 43: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

SAMPLE

Page 44: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

INDEPENDENT

VARIABLES

Page 45: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

DEPENDENT

VARIABLES

Page 46: Social Desirability Effects in Market Research Effectiveness

ABOUT THE STUDY

ANALYSIS

TECHNIQUES

Page 47: Social Desirability Effects in Market Research Effectiveness

PREDICTIVE VALUES FOR HIGH PRICE AUTOMOBILESLower predictive value for intent to purchase among younger audiences

suggests aspirational responses

18 - 24 25 - 34 35 - 44 45 - 54 55 - 64

27% 24% 25%38% 36%

10% 13% 14%

14% 15%14% 12% 13%

15% 15%

Behavioral Metrics

Survey (Intent)

PRED

ICTI

VE (R

2) C

ONTR

IBUT

ION

Conversational Metrics

Page 48: Social Desirability Effects in Market Research Effectiveness

PREDICTIVE VALUES FOR MID-PRICED AUTOMOBILES

18 - 24 25 - 34 35 - 44 45 - 54 55 - 64

12% 18% 22% 19% 19%

30%32% 30% 30% 31%

52%45% 43% 45% 45%

Survey (Intent)

PRED

ICTI

VE (R

2) C

ONTR

IBUT

ION

Digital and social signals far exceed prediction values for self-reported intent

Behavioral Metrics

Conversational Metrics

Page 49: Social Desirability Effects in Market Research Effectiveness

PREDICTIVE VALUES FOR LOW-PRICED AUTOMOBILESResults suggest those with more financial

flexibility could be exhibiting self-monitoring around intent to make fiscally responsible

choice

18 - 24 25 - 34 35 - 44 45 - 54 55 - 64

37% 31% 26% 26% 26%

51% 65% 71% 71% 70% Digital & Social Metrics

Survey (Intent)

PRED

ICTI

VE (R

2) C

ONTR

IBUT

ION

Page 50: Social Desirability Effects in Market Research Effectiveness

CONCLUSIONS AND

NEXT STEPS

Page 51: Social Desirability Effects in Market Research Effectiveness

SITUATIONS WHERE SELF-MONITORING

IS LIKELY

BRANDS THAT FALL INTO LOWER PRICE

TIERS

SITUATIONS WHERE DIGITAL AND SOCIAL CAN ADD ADDITIONAL PREDICTIVE VALUE

Page 52: Social Desirability Effects in Market Research Effectiveness

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THANK YOU