Stakeholders are fixated on numbers in market research. Are you missing out on valuable qualitative insights?
In the realm of market research, there's a strong emphasis on quantitative data—numbers, charts, and statistics that offer measurable evidence of consumer behavior. However, this fixation on hard data might lead you to overlook the rich, nuanced insights that qualitative research provides. Qualitative data delves into the 'why' behind consumer choices, revealing motivations, opinions, and attitudes that numbers alone cannot capture. In this exploration of market research techniques, remember that blending both quantitative and qualitative methods can give you a comprehensive understanding of your market.