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Market Research and Insight: Past, Present and Future

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Abstract

One hundred years have passed since the founding of the first independent market research firm in the UK in 1921. This important milestone inspired this special issue of the International Journal of Market Research that explores the role and importance of market research through a historical lens. A historical approach enables recognising and (re)framing both academic and practitioner contributions to market research through the years. Knowing the past allows better understanding and appreciation of the present, while simultaneously enabling envisioning of the future. In this introduction , we briefly review the origins and development of market research before introducing the three papers that comprise the special issue.
Editorial
International Journal of
Market Research
2022, Vol. 64(2) 163168
© The Author(s) 2022
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DOI: 10.1177/14707853221080735
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Market Research and Insight: Past,
Present and Future
Anca C. Yallop and Jonathan J. Baker
Faculty of Business, Economics and Law, Auckland University of Technology, New Zealand
Judith Wardle
The Archive of Market and Social Research, UK
Abstract
One hundred years have passed since the founding of the rst independent market research rm in
the UK in 1921. This important milestone inspired this special issue of the International Journal of
Market Research that explores the role and importance of market research through a historical lens.
A historical approach enables recognising and (re)framing both academic and practitioner con-
tributions to market research through the years. Knowing the past allows better understanding and
appreciation of the present, while simultaneously enabling envisioning of the future. In this in-
troduction, we briey review the origins and development of market research before introducing
the three papers that comprise the special issue.
Introduction
Year 2021 marked one hundred years since the founding of the rst independent market research
rm in the UK. This important anniversary provides the opportunity to step back and look at the
development of market research from a historical perspective. This milestone also makes this special
issue of the International Journal of Market Research (IJMR) in market research history not only
important but also timely. This special issue sought to explore the role and importance of market
research through a historical lens. The role history plays in adding context and richness has long
been established as signicant in our understanding of market(ing) research development, and
contemporary market research practices and policies (Nunan & Yallop, 2019;Tadajewski & Jones,
2014). A historical lens also enables recognising and (re)framing the contributions both academics
and practitioners make to the market research and insight profession. In todays fast-changing
environment, where research practice faces rapid methodological and technological advances and
innovation, the opportunity to reect on historical changes to prevent reinventing the wheelis
indeed important (Tadajewski & Jones, 2014). Knowing the past allows us to better understand and
appreciate the present, while simultaneously enabling an envisioning of the future of market re-
search. Here, we briey provide a background to the origins and development of market research
before introducing the papers that comprise this special issue.
Origins and Development of Market Research
Market research and insight has its origins in the social sciences and has undergone various stages of
evolution and growth. In the 1840s, early developments by British philanthropists, social scientists
and statisticians included survey methods and analysis of statistical data. Through the 1940s and
1950s, market research techniques expanded to include focus group research, probability sampling
and experimental design (Schwarzkopf, 2016). Interpretative and qualitative research and analysis
of consumption emerged in the 1970s and 1980s (Levy, 2006). Later, the Internet and social media
research (or netnography) (Kozinets, 2019) were developed, followed by techniques to exploit
databases such as data mining. More recently again, big data, data science, and innovations in the
processing of big data and information have emerged. In parallel, since the 1980s, the history of
market research has enjoyed a signicant period of growth with academics exploring the devel-
opment of market research and its uses and applications in different cultural and professional
contexts (Tadajewski & Jones, 2014).
Since the start of the 20th century, market research has played a vital role in the success of many
businesses and organisations by enabling improved understanding of consumers and markets
through the provision of data and insights that validate business ideas. As the great British
economist John Maynard Keynes said, ideas shape the course of history. Hence, market research
has played an immense role in business decision-making and made a substantial contribution
through time to the development of successful products, services and business concepts.
From Input-Driven to Output-Driven Market Research
Looking back at how the market research sector has developed over time makes it apparent that the
sectors evolution has continuously accelerated. The last 20 years or so have witnessed the
emergence of insight(or actionable insights), dened by Wycherley (2020, p. 10) as con-
textualised observations about consumer value, behaviour, habits, circumstances, attitudes, market
or environment that have the potential to change how an organisation acts and achieves success.
This orientation towards insightshas led to a (re)positioning of the eld. Traditionally, market
research performed an input-driven role focused mainly on data and information as raw inputs, and
on technicalmarket research skills (statistical and econometric methods, and data science such as
knowledge related to the gathering and analysis of data, data mining, etc.). More recently, market
research has moved to a more holistic output-driven approach that centres around research in-
terpretation, understanding an organisations information needs, and then managing that infor-
mation to create value for the client organisation (i.e. outputsrather than inputs)(Wills, 2013;
Wycherley, 2020). Traditionally, market researchs role was to focus on task execution (i.e. col-
lection and analysis of market data by means of varied research methodologies). Nowadays,
stakeholder demands include the need for interpretation of research that creates a distinct value
proposition for the client organisation (Di Fiore, 2012;Handley, 2016). Because of these in-
creasingly complex expectations, market research agencies have evolved into integrated insight
consulting companies (Lewis, 2012). Market researchers must now apply a combination of skills-
based competencies and contextual knowledge. To ensure value-creation, a collaborative approach
between market research professionals and stakeholders (primarily their clients) is also needed. For
this reason, exible networks that enable effective information ows and knowledge transfer are the
key to facilitating collaborative partnerships between different stakeholders (Hardy et al., 2003).
This (re)positioning of the market research sector and profession has largely occurred because of
a number of key external drivers of change. Some of these changes are not so positive. The
164 International Journal of Market Research 64(2)
commoditisation of market research techniques and the rise of amateur researchersusing more
cost-effective DIY research platforms can negatively impact the quality of insights generated.
However, a growing availability of secondary big datasets and the ability to employ data analytics
to automatically collect, analyse and report on data with minimal user input provides signicant
opportunities. Emerging technologies and automation have (re)shaped the sector and continue to
do so. Continuous technological and methodological innovations enable much more data and
information to be collected from consumers. By extension, the future of the market research
and insight profession is promising, particularly related to the use of articial intelligence to enhance
and extend information-driven business decision-making. Nevertheless, any approach to generating
information and insights is only sustainable in the long-term if the values that underpin market
research such as ethics, respect for privacy and private information, and quality research practices,
are cultivated and respected (Yallop, 2020;Yallop & Aliasghar, 2020).
Articles in the Special Issue
The content of this special issue aims to explore various aspects of the development of market
research theory and practice, whilst also taking into consideration implications for the present and
future of market research. The three papers selected for this special issue adopt a historical per-
spective. Collectively, they are emblematic of the signicant role history plays in enabling un-
derstanding of the diverse contexts in which market research practitioners operate, and some of the
issues they have faced in volatile, changing business environments.
In the rst article selected for this special issue, The insights industry: Towards a performativity
turn in market research, Carlos Diaz Ruiz explores the implications of external drivers of change,
the emergence of insightsmarket research suppliers, and the ways in which market research
practitioners need to adapt and reinvent themselves as insightsprofessionals. Based on three
empirical qualitative studies (i.e. ethnography, in-depth interviews and online open-ended survey),
Diaz Ruiz conceptualises changes in the market research industry and the practice intended to
produce effects (i.e. actionable insights) by applying a performativity lens. The notion of
performativity posits some ideas and theories do not just describe the world, but also go on to shape
social realities (Callon, 2007). The facts and models employed by market researchers inuence and
inform the mental models, approaches and decision-making of managers (Mason et al., 2015).
Indeed, market research services provide the very knowledge infrastructure within which markets
themselves are performed (Araujo & Mason, 2021).
Diaz Ruiz explores how market researchers respond to the commoditisation of market research
techniques. He argues that the initiatives market research practitioners have taken to adapt and
reinvent themselves shift market research from ostensive (descriptive or declarative) to performative
(effectual or actionable). The former approach generates a reassuringly simple, but arguably re-
ductive, representation of the business environment, based on a need for accuracy and orderliness.
The latter approach actively steers managers and inspires and shapes action, based on a need for
usefulness and guidance. By extension, Diaz Ruiz argues market research professionals can (re)gain
a central role in strategy development and execution by focussing on the provision of this type of
actionable guidance drawn from multiple data sources. Such an approach requires a careful dis-
tinction between useful insights and sophisticated tools. Put differently, genuine insights are a
product of sensitive interpretation, sensemaking and solution-generation, not just sophisticated
methodologies and complex datasets. In sum, Diaz Ruiz provides a valuable contribution to both
performativity and market-shaping research, while also generating useful insights of his own for
market research practitioners.
Yallop et al. 165
In the second article, Robert Crawford looks back at the market research industry in the post-war
years in his paper, Seeing the bigger picture: Why market research history matters. Seeing the
bigger picture is undertaken through an exploration of the work of Sylvia Ashby, collected in the
Australian Ashby Research Service archive. In so doing, Crawford provides a history of market
research practices and makes a valuable contribution to the historiography of the industry. As has
been noted elsewhere, little has been written on the history of the market research industry. What is
more commonly found is the use of past market research as a vehicle to explore other topics, such as
the role of women as consumers, rather than turning attention to the practice and organisation of
market research itself. Hence, Crawfords paper is to be welcomed.
The market research community has a debt to pay to Ashby. She was an Australian researcher
working in the inter-war and post-war periods whose curiosity and ambition led her to travel the
world visiting other research agencies. Fortunately, for the market research community, Ashby
committed her delightfully opinionated observations of a dynamic and fast-moving industry to
paper. Not only does she capture the ofces, organisations and methodologies of market researchers
of the day, but she also provides inklings of the various personalities who ran those organisations,
including such luminaries as Daniel Starch and Ernest Dichter. Her work reects an industry with a
rich history.
Crawford argues market research is essentially future-focused, an observation that rings true for
all practitioners. Market researchers collect data so their clients can anticipate the future, form policy
and plan accordingly. Advertising, a reason for much research going back over the years, is perhaps
even more future-focused and at times actively eschews the past. This future mindset can be at odds
with any desire to look back and preserve the thinking, the methodological details, the ndings, the
tables and recommendations that went to launch a product or campaign. However, there are enough
researchers who believe the past is worth preserving not just as a way of understanding the present
but for its own sake. The tales of Ashby are a prompt to market research historians to gather accounts
of how research agencies were organised and how methodologies were created, developed and
favoured. Without knowledge of how the market research industry developed, future development
can seem unnecessarily challenging.
The third article of this special issue, The contribution made by Market Research Societys(MRS)
journal to the history of market and social research, portrays the fascinating history of the IJMR.
Written by Peter Mouncey, former Editor in Chief of the journal, the article offers an interesting
account of the journals evolution over time in a competitive context, identies the journalskey
contributors, and highlights historical changes to the title, content and nature of the journal that serves
both academic and practitioner communities. Since its establishment in 1946, the UK MRS and its
journal, IJMR, have created opportunities for both market research practitioners and scholars. These
opportunities include sharing knowledge, interests and expertise by driving debates, conversations
and dialogue around the challenges and opportunities faced by the sector. In so doing, the market
research and insight profession has been both promoted and improved. For more than half a century,
MRS has played a key role in shaping the nature of what is perceived to be market research. In 1959,
the journal of the MRS was launched, initially called Commentary, which focused on practitioner
members. However, an increasing number of submissions from academic researchers grew over time.
In 2000, the MRS rebranded its journal to become the IJMR, as it is known today.
Concluding Comments
This special issue is an attempt to raise awareness and improve knowledge of the history of market
research. Drawing on some of the themes that appear in the articles in this special issue, it is clear
166 International Journal of Market Research 64(2)
that historical research exploring the past, present and future of market research offers unique
insights. The three articles selected acknowledge the signicant role history has in the advancement
of market research and insight, provide interesting points of view into the development of market
research through time, and highlight the signicant role industry and professional bodies, and
research outlets and publications play in shaping the sector.
Belief in the preservation of the past is reected in the Archive of Market and Social Research
(AMSR), which was set up 5 years ago. Archive of Market and Social Research houses a broad
collection of past surveys, qualitative reports, opinion polls, conference papers and much more. The
qualitative reports are already proving invaluable to social historians. There are very few archives
such as those held by AMSR, which contain documents that cover a nation (being mainly UK-
based). Archives of businesses are just that: records of a particular company that comprise its
various brands and products. However, while hugely valuable to business historians, such archives
are curated by the companies themselves; hence, are potentially biased. More challenging is to get a
picture of a market and its constituent behaviours, practices, decision-making and competition. Such
a purpose is catered for by AMSR, one of the few archives that provides such a broad base of
information. Further explorations by market research scholars are encouraged.
Further, reecting the history and development of IJMR, it is clear the journal offers an important
outlet for academic and practitioner discussion and collaboration. Such activities are increasingly
important as accusations of an expanding gap between academic research and practitioner use-
fulness grow (e.g. George, 2014;Palmatier, 2018;Reibstein et al., 2009;Vaara & Durand, 2012).
Finally, further work is needed to explore the guiding or shaping role played by market researchers
(and other types of data and insights providers) on managerial mental models, and by extension,
markets themselves. We hope that research into the history of market research and insight will be
written about more in IJMR and other leading marketing and management journals in the future.
Declaration of Conicting Interests
The authors declared no potential conicts of interest with respect to the research, authorship, and/or pub-
lication of this article.
Funding
The authors received no nancial support for the research, authorship, and/or publication of this article.
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168 International Journal of Market Research 64(2)
... The use of insights dates to the early 20th century, when pioneers such as Claude Hopkins (1968) and Edward Bernays (1928) used psychological theories to create effective advertising campaigns. Today, insights are also formed by combining consumer data with customer relationship management techniques (Ertemel, 2015) and social network services (Chamlertwat et al., 2012) and employing various research methods such as ethnography and in-depth interviews to understand consumer contexts (Yallop et al., 2022). ...
... Insights are defined as 'Latent desire × Motivation to move people (body and mind) = information and discoveries that prompt new behaviours and emotions and enable new value creation and problem solving'. Insight discovery requires contextualised observations of important factors such as consumer values, behaviours, habits, situations, attitudes, markets, and environments (Yallop et al., 2022). It also necessitates a focus on discrepancies or contradictions between behaviour and awareness (Öllinger & Knoblich, 2009). ...
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The purpose of this commentary is to reflect on the transformative changes organisations experience, in the form of increased use of emergent Information and Communication Technologies (ICTs), as a significant factor in enabling the continuation of normal business practices during the COVID-19 pandemic, and subsequent key ethical considerations in the use of new technology by organisations. This commentary adopts a reflective approach and is based on a review of theories on diffusion of innovation, dynamic capabilities, and data ethics and governance, as well as up-to-date business reports to reflect on the ethical implications of new technologies for organisations. Organisations from different industries and sectors around the world have experienced major disruptive changes because of the COVID-19 pandemic. Adoption and integration of new ICTs occurred at an accelerated pace in a collective effort to maintain ‘business as usual’. The use of emergent technologies is not without risks. The commentary argues that, in times of crisis, it is vital that organisations address the growing concerns around privacy and security of personal data by designing effective data governance frameworks that go beyond a mere compliance with existing policies and prevailing data privacy and protection laws to ensure data security and protection for all stakeholders. This commentary is making the case for more considered approaches to data governance and data ethics in business following the unprecedented challenges posed by the recent COVID-19 pandemic and suggests possible ways of moving forward from an ethical perspective.
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Published in 'The Conversation'. Available at: https://theconversation.com/new-data-privacy-rules-are-coming-in-nz-businesses-and-other-organisations-will-have-to-lift-their-games-149425