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Maximizing
brandvalue
inaneraof
rapidchange
2
Tableof
contents
3
Introduction
6
Whatisasystemofaction?
9
Adynamicapproach
12
Casestudy
15Investinyourbrand
3
Introduction
Consumers’needs,expectations,andbehaviorsarechangingrapidly.Everythingyouthoughtyouknewabouttheirpreferences,shoppingtrends,andbeliefshaveshiftedsignificantlysincethebeginningof2020.Andwhileasenseofnormalitywilleventuallyreturn,theimpactonattitudesandbehaviorswillbelong-lasting.
Tobesuccessfulinthisnewreality,brandandmarketingleadersneedfastinsightstoclosetheblindspotsthathaveemerged.Itmeanstheyneedtopivotandactquickly–withoutbreakingthebank.
Speedisnowfundamentaltoallresearchplatforms,andthecompaniesthatlearnfromthisexperienceandtakestepstoquicklyunderstandongoingmarketchangeswillcomeoutahead.Armedwithinsight,youwillhavethepowertodrivesmartbrandexperiencestrategiesandtacticsforthenear,medium,andlongterm.
Waitingiscostly.Sohowdoyougetstarted?
Thekeyquestionyouneedtoanswerfirstis:
Howareconsumersinteractingwithandrespondingtoyourbrandnow?
4
Introduction
Throughbrandtrackingyoucanmonitorwhat’shappeninginyourmarketandreactquicklytonewopportunities.Andthisiscritical,ashistorically,thebrandsthatstayrelevantandpresentduringrecessionscomeoutstrongerthanthosethatstoptrackingtheirhealthandcommunicatingwithconsumers.1
Buthere’sthecatch.Measurementisnotyourgoal.It’snotenoughtoreportonchanges;youmustactonthem.Andthatrequiresasolutionthat:
Givesyouinsightsindays,
notweeks.
Isscalabletomeettheneedsofyourmarketandbudget.
Providesactionableinsightsbackedbystatisticalrigor.
Allowsyoutoadjustyourresearch
asneedschangeinrealtime.
1RanjayGulati,NitinNohria,andFranzWohlgezogen.“RoaringoutofaRecession.”HarvardBusinessReview,March2010.
5
Introduction
Ultimately,youneedasystemofaction.
Withasystemofactionyougobeyondsimpleandtraditionalmeasurementtodemonstratethevalueyoubringtothebusiness.Intoday’sfast-movingmarkets,asystemofactionisparamounttoengagingconsumersinthemomentsthatmatteranddeliveringresultsthatmovethebusinessforward.
Qualtricshelpsyouuncoverthesenewmarketrealities,faster,andatlowercost.Wearethesystemofactionthatenablesyoutoimmediatelyaccessdata-driveninsights,quicklypivotyourbrandexperiencetomatch,andknowthoseadjustmentsaresupportingyourshort-andlong-termgrowth.
SECTION1
Whatisasystemofaction?
6
7
SUCCESSLIESINTAKINGACTION
Thrivinginbusinesstodayrequiresyoustayconnectedtothedevelopingdynamicsofyourmarket(employees,customers,andprospects,alike).Keepingyourfingeronthepulseofyourbrandandcompetitorsenablesyoutosettherightcourseofactiongoingforward.
Whatis
asystem
ofaction?
THREESTEPSTOTURNINGMEASUREMENTINTOACTION
STEP1
Getaholisticpictureofyourbrandfromoneplatform.
STEP2
Deriveimmediateinsightsfrom
built-inanalytics.
STEP3
Driveresultsthroughaction
andaccountability.
+
Captureandactonreal-timeinsightsfromeverytouchpoint–frombrandcommunicationstocustomerexperiences–and
+Makefaster,smarter
decisionswithreal-
timeinsightsdelivered
indynamically
updateddashboards.
+Receiveautomaticalertsthatprovideearlywarningsofsignificantchangesinbrandmetricsornewemergingtrends.
+
understandwhatmatters
mosttoyourbrand.
Detectemergingtrends
andchangingsentiment
byintegratingsolicited
andunsoliciteddatafrom
128sources.
+Shareinsightsacrossyourorganizationwithpowerfulvisualizationspurpose-builtformakingsenseofwhatmattersmosttoyourbrand.
+Buildcustomworkflowstodriveactionandaccountabilitythroughoutyourorganization.
Understandingstarts
withlistening.
Download
“ThePowerofDeepListening:
TheUltimateGuidetoWorld-ClassBrandTracking”
Identifytheactionsthatdeliverthebestbusinessoutcomes.
Download
“UnlockingReal-time
BrandAnalytics:ACriticalToolforWorld-ClassBrandTracking”
8
QUALTRICSBRANDXMINACTIONATFRIGIDAIRE
Todriveactionacrossthisconsumerandcommercialhomeappliancesbrand,QualtricsworkedwithFrigidairetodevelopacomprehensivebrandtrackingsolutionthatincludesabest-in-classbrandtrackingsurveyandreportingprogram;keyperformanceindicators(KPIs)monitoringandconversionmetricsforFrigidaireandcompetitors;andacustomdashboardwithpoint-in-timedatavisualizations.
Whatis
asystem
ofaction?
PoweredbytheQualtricssystemofaction,Frigidaireachieved:
+15%improvementinbrandfunnelconversionmetricsfromconsiderationtopurchase+45%increaseinspeedtodataanalysiswithpowerfuldatasegmentationandfiltering
Qualtricsprovidesuswithaplatformthatsatisfiesevenourmostcuriousexecutiveswithup-to-dateinsightsthatareeasytodigestandtakeactionon.
BrettTownsend,DirectorofNorthAmericaInsights,Frigidaire
SECTION2
Adynamicapproach
9
10
EMPOWERINGACTIONWITHADYNAMICAPPROACH
Traditionalbrandtrackingfocusesonbackward-lookingmeasurementsanddoesnotenablereal-timeaction.Bytakingamoredynamicapproachtonotonlybrandtracking,butalsomanagingthebrandexperience,youcanmakesmarter,fasterdecisionsintheareasthatmattermost.
That’swhatmakesQualtricsBrandTrackinguniqueandmoreimpactfulthanotherplatforms.It’sthefoundationoftheBrandXMsystemofactionthathelpsyourorganizationgobeyondmeasurementtotakingactionsthatdrivethemostresults.WithQualtrics,youcan:
Adynamic
approach
+Immediatelybecomeawareofnewbrandsignalsormarketchanges,soyoucantakestepstocapitalizeonthem.
+Ensuremarketactionsarerelevantandworkingforyoutodaybecauseyoucan’taffordtoinvestinmarketingthatdoesn’twork.
+Findtherightmessageandtonetomeetyourconsumerswheretheyaretoday.
+Makecriticalbusinessdecisionsconcerningyourbrandstrategy,communications,
andmarketingspend.
11
Adynamicapproach
Traditionalresearchagencyprograms
TheQualtricssystemofaction
+
++
++
+
Arebackward-looking,inflexible,
andnotactionable
Useproprietary“blackbox”measuresProvideanincompleteviewofbrandexperiencethatfocusesonlyoncommunicationattheexpenseofotherimportantdrivers
Bloatsurveys,compromisingresponsequalityRelyonmanualreportingthattakesweeksandoftenmonthstodeliverresultsAreexpensive
+
+
+
+
+
++
+
Deliverstransparentmetricsthatmatter,aretailoredtoyourneeds,andaresensitivetoshort-andlong-termchanges
Tracksmetricstiedtothemarketplace
KPIslookedatbyyourC-suite
Takesaholisticviewofyourbrand,lookingbeyondtheusualmarketingleversthatimpactabrand,suchascustomerexperienceUseshort,sharpsurveysforbetterrespondentexperienceandthehighestqualitydataDeliverreal-timeinsightsviaadashboardthat’saccessibleacrosstheorganizationIspredictiveoffutureperformance
Offerstheflexibilitytoaddquestionsand
makechanges
Leveragestechnologyforspeed,accuracy,andcostefficiency
SECTION3
Casestudy
12
13
Case
study
BRANDTRACKINGUNCOVERSABRANDADVANTAGE
Finder,theAustralianproductcomparisonsitethathelpspeoplemakebetterproductbuyingdecisions,engagedQualtricstohelpidentifyandunderstandthemarketingactivitydrivingmeaningfulengagementandboostingbrandawareness.Keybrandmetrics,suchasawareness,trust,andadvocacy,aremeasuredandsegmentedusingtheQualtricsplatform.
Awarethataninsightnotactionedisawastedopportunity,Findermakesextensiveuseofanalyticstoaccelerateandenhancedecision-makingaboutmarketingcampaignsinnear-realtime.
Finder’sdedicatedteammonitorstheuserexperiencedailytoensureconstantimprovements.Byprovidingautomatedreportstoabroaderteamofkeystakeholders,thecompanyusesthedataasapivotalaidinstrategicdecision-making.
14
Case
study
WithinweeksofusingtheQualtricssystemofaction,Finderachieved:
+23%liftinbrandawareness
+45%improvementinbrandsalience
+19%liftinbrandconsideration
+8pointimprovementinNetPromoterScore
Bythetimeyougettheinformationfromtraditionalbrandmeasurement,it’stoolatetodoanythingaboutit.Qualtricsgivesusreal-timeaccess,andwecanquicklyreacttochangingsituations.
SteveLockwood,HeadofInsightsandAnalytics,Finder
SECTION4
Investinyourbrand
15
16
Investinyourbrand
Brandtrackinggivesyouthepowertomakesmartdecisionsintheneartermandthinkstrategicallyforongoingsuccess.Tosupportyourbrandtrackinginitiatives,Qualtricsofferstwosolutionsthatdelivertimely,accurateinsightsthatcanmoveyourbusinessforward.
BRANDTRUSTPULSE–FREESOLUTION
TheCOVID-19BrandTrustPulsesupplementsyourcurrentunderstandingofbrandtrustbyfocusingonactionsthataremostrelevanttoconsumersatthismoment.
+Assessconsumers’trustinyourbrandduringthiscrisis.
+Useitasastandalonestudyorasacomplementtoyourexistingbrandtracker.+Gainaccesstopreconfiguredsurveysandreports.
+UnderstandrapidlyevolvingconsumersentimentbydistributingtheassessmenttoyourownpanelsorpurchasepanelsthroughQualtrics.
+Benc
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