Key Takeaways

Murphy Research
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Key Takeaways, hosted by Murphy Research, discusses the latest market research trends influencing consumer behaviors and attitudes. Hot topics include: market assessment, brand strategy, product development, and customer loyalty and engagement. Tune in for the insights, stay for the candidness!

  1. From Engineering to Insights: Rakesh Patel’s Journey Through Marketing Research

    2025/03/05

    From Engineering to Insights: Rakesh Patel’s Journey Through Marketing Research

    In this episode of Key Takeaways, Chuck Murphy and Maggie Bright sit down with Rakesh Patel, Senior Manager of Market Research Insights & Intelligence at Allstate, to discuss his unexpected career shift from electrical engineering to consumer insights. Rakesh reflects on how an analytical mindset has shaped his approach to both qualitative and quantitative research, how the industry has evolved over the past two decades, and why brand marketing remains essential. The conversation covers balancing short-term performance with long-term brand building, adapting to faster timelines, and exploring the potential of AI tools. Along the way, Rakesh shares lessons on curiosity, adaptability, and mentoring the next generation of researchers. Key Takeaways: Brand Marketing Is Still Vital. The team strongly refutes the notion that brand marketing is obsolete. Allstate, with billions in ad spend, exemplifies a long-term brand-building strategy that complements short-term performance campaigns.The speed of modern research has shifted - DIY platforms, faster timelines, digital focus groups - the underlying principles of good research remain the same: asking smart questions and interpreting answers with rigor.Skepticism is healthy amid hype, as AI tools and synthetic data become more integrated, research teams will need to educate internal stakeholders on when to trust, question, or avoid synthetic methods. Transparency in methodology and sample source will be more important than ever. AI tools can be great for speed, cost, and scale, but human insights and creativity are still critical. The Research Role Is Evolving. Despite technological changes, core research principles remain. The challenge lies in adapting methods to meet new demands while maintaining quality.Mentorship and Growth. Rakesh emphasizes the importance of mentoring younger researchers. Their enthusiasm and curiosity - especially around new tools like AI - bring energy and drive innovation. Quotes: "It was the problem-solving aspect that drew me to research - same as engineering, but applied to business questions. That part still excites me." - Rakesh Patel"Some people treat brand marketing like a tax, but I see it as an investment. You can model price sensitivity and prove brand value - people pay more for a logo because of what it means." - Chuck Murphy"We did a study on sideline branding, and while it’s hard to calculate ROI directly, we saw that once a brand disappears from that space, it creates a massive hole - both in perception and opportunity for competitors." - Maggie Bright"The biggest concern with synthetic respondents is that they’ll regress to the mean. You lose those breakthrough insights you get when real people challenge your assumptions." - Rakesh Patel

    50 分鐘
  2. How to Become an Innovation Superhero: The X’s and O’s of Successful Innovation Sessions

    2024/09/24

    How to Become an Innovation Superhero: The X’s and O’s of Successful Innovation Sessions

    Key Takeaways Tailor each workshop with the right combination of guidelines, team size, and focus, ensuring flexibility to adjust as the session evolves.Non-judgmental brainstorming is critical to generating innovative ideas. Save critique for later.The facilitator's energy level sets the tone and should be 1-2 clicks above the rest of the room bringing just enough energy to inspire the group without overshadowing their contributions.Mixing different perspectives - from subject matter experts to outsiders - sparks creativity and challenges assumptions.Choose an offsite or unconventional location for innovation sessions when possible to break routine and encourage fresh thinking. Quotes "The magic happens when people feel they’re part of something special, not just another meeting on the calendar."  - Stephen Holmberg"It’s not just about new ideas; it’s about creating an environment where people feel comfortable sharing them. Even ideas you think are bad can spark something brilliant in someone else—every idea has value in the expansion phase." - Maggie Bright"The art of being a good moderator is knowing when to push participants out of their comfort zones and when to reel them back in. Energy in the room is everything. If the facilitator is dialed in, everyone else will follow." - Stephen Holmberg"We as humans are great at judging, but in these sessions, it's important to suspend that judgment. Save it for later when we narrow down ideas. A successful innovation session starts with leaving judgment at the door—creating a space where any idea can thrive is key." - Stephen Holmberg"It's not just about being creative, but staying focused. The hardest part of innovation is not just coming up with ideas, but staying focused on the ones that matter most." - Chuck Murphy  Resources How to Become an Innovation Superhero: https://murphyresearch.com/how-to-become-an-innovation-superhero-podcast/The X & O’s of Leading Successful Innovation Sessions: https://murphyresearch.com/how-to-become-an-innovation-superhero/

    49 分鐘
  3. The Fitness World of Gen X

    2024/02/27

    The Fitness World of Gen X

    Key Takeaways:Gen X is less likely to work out at the gym or use fitness memberships compared to other generations.A clear lack of fitness programming specifically for Gen XGen X has a different approach to fitness, viewing it as important but not the organizing principle of their lives.Gen X values self-sufficiency and independence, leading them to prioritize fitness as a personal responsibility rather than a social activity.Gen X is harder to market to due to their skepticism and desire for self-sufficiency, making it challenging to sell them fitness programs.  Quotes“I think it adds a depth to the research that you could debate is necessary in all instances, you know, it’s not written necessarily directly into the objectives, but it adds something in terms of the context and the richness of the research to see pGen X has some of the lowest numbers of gym memberships. The boomers are actually more likely to have gym memberships than Gen X does." – Sarah Marion“I do think that Gen X has always been attitudinally very different, and there’s definitely aspects of the younger generations that feel more like boomers than they do.” – Chuck Murphy“I think that a big chunk of it is generational. I do believe that life stage plays a part. I think these are two things that are related. But generationally, I do think that as millennials move into middle age, more of them will keep their gym memberships than Gen X has.” – Sarah Marion

    45 分鐘
  4. The Future of Qualitative Research

    2024/01/23

    The Future of Qualitative Research

    Key Takeaways:Resurgence of In-Person Research: After a significant shift to digital methodologies during COVID, there’s renewed interest in face-to-face research. In-person settings provide unique, nuanced insights that are difficult to replicate online.Balancing Methods: While digital research is efficient and cost-effective, in-person research adds a layer of emotional and physical context, offering richer insights, particularly in complex projects.Challenges of In-Person Research: Logistical issues, such as the travel and coordination involved, remain significant barriers, but the payoff can be substantial in terms of stakeholder alignment and deeper insights.Predictions for the Future: Maggie and Chuck predict that 75% of qualitative research will remain digital, but critical projects requiring deep human connection and consensus will continue to rely on in-person methods.Quotes“In-person research adds a depth you can’t get digitally, even if it’s not written directly into the objectives, but it enriches the context and overall quality of insights.” – Maggie Bright“The best people at the best companies know the value of being in person for critical discussions and decisions, and that won’t go away.” - Chuck Murphy“The pendulum is swinging back to in-person research. There’s something about being there that connects us more deeply to the research and the people involved.” – Maggie Bright

    29 分鐘
  5. Exploring Wellness Tech: Past, Present, and Future

    2023/03/07

    Exploring Wellness Tech: Past, Present, and Future

    Chuck, Sarah and Maggie discuss the current state of health trackers. From the Fitbits to the modern Apple watch, they examine who is using these tools and how they influence our behaviors.   Key Takeaways What the current state of wellness tech isThe type of individual who is using wellness techNutrition trackers vs fitness trackers and who uses whatThe current state of trackers and how they have evolved

    46 分鐘
  6. Category Clarity: Why it Matters for Your Brand

    2023/02/14

    Category Clarity: Why it Matters for Your Brand

    Maggie and Chuck talk about knowing your category within your market, and how that can have a great impact on how you do business.   Key Takeaways: How to know your category Companies that know their category well and the advantages they have The effects your category has on your research

    40 分鐘
  7. Market Segmentation and How To Use Them

    2022/11/08

    Market Segmentation and How To Use Them

    Key Takeaways: What is the right number of segmentation for your project?Experiences with using large vs. smaller segmentsPros and cons of segmentation sizeOur experiences working with unique projects and their approach to segmentation

    42 分鐘
  8. Inflation and Fitness Spending

    2022/10/25

    Inflation and Fitness Spending

    Key Takeaways: How has inflation impacted spending when it comes to health and fitness?Is health and fitness a luxury item or more of a staple?With “back to office” becoming more prominent, how it is effecting our health routines and spending?Resources: Online Fitness Deep Dive 2022: Online Fitness and the Return to the GymMurphy Research - State of Our HealthThe Rise of Online Fitness

    44 分鐘
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簡介

Key Takeaways, hosted by Murphy Research, discusses the latest market research trends influencing consumer behaviors and attitudes. Hot topics include: market assessment, brand strategy, product development, and customer loyalty and engagement. Tune in for the insights, stay for the candidness!

資訊

  • 創作者
    Murphy Research
  • 活躍年代
    2022年 - 2025年
  • 集數
    16
  • 年齡分級
    兒少適宜
  • 版權
    © 2022 Key Takeaways | Murphy Research
  • 節目網站
    Key Takeaways