SlideShare une entreprise Scribd logo
1  sur  4
Communispace Case Study
As a brand manager, I would use Communispace's community service for developing my
products. It would be helpful to have a well represented and established company find valuable
market research for my products. Communispace is the leader in brand market research within
online communities. Communispace has a great reputation and has worked with many high
profile companies. According to Exhibit 1, Communispace has worked with high profile
companies such as Best Buy, Unilever, Pepsi, Kellogg and the Home Depot. In addition,
Communispace is known for developing great relationships with clients and community
members. Communispace allows clients to be very involved in the activity and research process
of their projects. The pricing of their service is also appealing and attractive with service prices
under $10,000. The establishment, reputation and pricing of Communispace illustrate great
reasons to develop a working relationship with their company.
I would use the Communispace service for the development and feedback stages of
launching a new product. Their services would provide information towards branding, valuable
consumer feedback, and the competition of other similar products. According to Exhibit 2, the
main examples of their client uses are product innovation, developing insight, marketing and
brand competition. My company would mainly use product innovation and developing insight.
Insight gathering would be the most beneficial. According to Exhibit 2, insight gathering would
discuss trends, attitudes, preferences and listen to the members main ideas. In addition, one of
the most important features Communispace offers is "qualitative research reports that capture the
consumer insights obtained and that offered actionable recommendations for managing" (Keinan
1) for a specific project. The Communispace service would provide valuable and insightful
information for my project.
The Communispace market research tool allows for many advantages compared to other
tools. Communispace has a niche in the research market for their service tool. Some of the
advantages are quality feedback, smaller communities, lower costs and convenience.
Communispace prides itself on listening to both its clients and members in their community.
This allows them to develop and gather quality responses from community members. In addition,
Communispace is a private and smaller based community. The community consists of 350
communities. Communispace believes this specific environment allows for a long-term
relationship, which members believe their input is being heard and develop trust with
Communispace. This market research tool allows for lower costs. Communispace offers their
service for an average price between "$5,000 to $10,000 per project" (Keinan 3). This is a
reasonable price as some internal companies conduct "a broad-based survey of several hundred
or several thousand individuals which could cost from $10,000 to $100,000. And a single focus
group could run upwards of $15,000" (Keinan 8). This online marketing tool is also convenient
as members do not have to leave the comfort of their homes to provide their insights and
feedback. The Communispace marketing research tool creates many advantages to their clients
and members.
The Communispace marketing research tool has some disadvantages compared to other
marketing tools. The most prominent disadvantages are time and inaccuracy of the online
sample. A project with Communispace consists of a 12-month contract, which is a long time to
wait for complete information about a product. Communispace mandates a 12-month contract to
understand "broad insights that evolved slowly, such as how one's brand was perceived over
time, and for answers to pointed questions, such as whether a potential television ad was liked or
disliked" (Keinan 2). This type of contract may be unappealing to some clients desiring faster
feedback. Another disadvantage is the accuracy of online members. This marketing tool features
online aspects, which can be inaccurate or deliver concerns. Some concerns with online
communities are the representativeness of the targeted population, gathering enough members to
provide feedback and the identity of members. Respondents can make up information about
themselves and provide unrelated information because there is not a direct verbal or visual
communication from the members. Online communities also propose the problem of
continuously gathering enough respondents to keep the pace of their communities.
Communispace has many competitive advantages compared to their competitors. The
main competitive advantages are listening to their community members and establishing smaller
communities. The Communispace community is purpose-driven and focused on delivering
feedback. According to Table A, community members felt the company truly valued their
opinion. In addition, the members somewhat disagreed on the company not making changes
based on their feedback. This shows members feel involved and "their individual voice mattered
more" (Keinan 5). Another competitive advantage is smaller communities. Communispace uses
a small, private community to gain quality insights and feedback compared to "large public
online communities, such as Proctor and Gamble's VocalPoint with 350,000 members" (Keinan
5). A smaller community allows members to feel more involved and deliver a more personal
environment. Communispace believes a personal environment conveys a greater level of trust
and insight.
The Communispace business model is effective and capable of thriving success. The
business model consists of creating small and private online communities to provide valuable
feedback to product-based clients. The business is designed and developed on the internet, which
allows quicker feedback to their clients. These clients have the ability to observe current
community responses by logging into their system. The technological aspects of Communispace
are important as the world continues changing into different forms of technology. As technology
continues to evolve, people will continue to vie for immediate and quicker feedback. The
Communispace business model produces value in their relationships with associates and
feedback from their members. The company works with respected companies and vies to
establish long-term relationships with their associates. The Communispace company is different
than other companies by forming small, private online communities. Communispace is a leading
online market research company and should continue to be successful as they grow with
technology advancements.

Works Cited
Keinan, Anat (2009). Communispace. Boston: Harvard Business School Publishing.

Contenu connexe

Tendances

Pricing Strategies by Coca-Cola in India
Pricing Strategies by Coca-Cola in IndiaPricing Strategies by Coca-Cola in India
Pricing Strategies by Coca-Cola in IndiaRohan Bharaj
 
Case Analysis - Making stickk stick
Case Analysis - Making stickk stickCase Analysis - Making stickk stick
Case Analysis - Making stickk stickDanh Đỗ
 
HubSpot - Inbound marketing and web 2.0 case study
HubSpot - Inbound marketing and web 2.0 case studyHubSpot - Inbound marketing and web 2.0 case study
HubSpot - Inbound marketing and web 2.0 case studyRonak Shah
 
Zenith (HDTV) Case Study by Dhiraj Agarwal
Zenith (HDTV) Case Study by Dhiraj AgarwalZenith (HDTV) Case Study by Dhiraj Agarwal
Zenith (HDTV) Case Study by Dhiraj AgarwalDhiraj Agarwal
 
Cola Wars Continues - 2006
Cola Wars Continues - 2006Cola Wars Continues - 2006
Cola Wars Continues - 2006Aparana Mittal
 
Digital marketing of coca cola
Digital marketing of coca colaDigital marketing of coca cola
Digital marketing of coca colabhumitkothari
 
The Microfridge Case
The Microfridge CaseThe Microfridge Case
The Microfridge CaseKaran Jaidka
 
Interbrand Brand Valuation Method
Interbrand Brand Valuation MethodInterbrand Brand Valuation Method
Interbrand Brand Valuation MethodFreddy Guevara
 
human resource practices at Mc.Donald
human resource practices at Mc.Donald human resource practices at Mc.Donald
human resource practices at Mc.Donald Gurparvesh kaur
 
Starbucks delivering customer service
Starbucks delivering customer serviceStarbucks delivering customer service
Starbucks delivering customer serviceMonoj Kumar Rabha
 
Functional and emotional benefits
Functional and emotional benefitsFunctional and emotional benefits
Functional and emotional benefitsBeloved Brands Inc.
 
Coca cola brand positioning
Coca cola brand positioning Coca cola brand positioning
Coca cola brand positioning Hiba Nasir
 

Tendances (20)

Brand Management: Nike
Brand Management: NikeBrand Management: Nike
Brand Management: Nike
 
Pricing Strategies by Coca-Cola in India
Pricing Strategies by Coca-Cola in IndiaPricing Strategies by Coca-Cola in India
Pricing Strategies by Coca-Cola in India
 
Brand Management-Nike
Brand Management-NikeBrand Management-Nike
Brand Management-Nike
 
Accor Hotel Digitalization
Accor Hotel DigitalizationAccor Hotel Digitalization
Accor Hotel Digitalization
 
Accor hotel
Accor hotelAccor hotel
Accor hotel
 
Montreaux (1)
Montreaux (1)Montreaux (1)
Montreaux (1)
 
Case Analysis - Making stickk stick
Case Analysis - Making stickk stickCase Analysis - Making stickk stick
Case Analysis - Making stickk stick
 
HubSpot - Inbound marketing and web 2.0 case study
HubSpot - Inbound marketing and web 2.0 case studyHubSpot - Inbound marketing and web 2.0 case study
HubSpot - Inbound marketing and web 2.0 case study
 
Zenith (HDTV) Case Study by Dhiraj Agarwal
Zenith (HDTV) Case Study by Dhiraj AgarwalZenith (HDTV) Case Study by Dhiraj Agarwal
Zenith (HDTV) Case Study by Dhiraj Agarwal
 
Cola Wars Continues - 2006
Cola Wars Continues - 2006Cola Wars Continues - 2006
Cola Wars Continues - 2006
 
Digital marketing of coca cola
Digital marketing of coca colaDigital marketing of coca cola
Digital marketing of coca cola
 
The Microfridge Case
The Microfridge CaseThe Microfridge Case
The Microfridge Case
 
Interbrand Brand Valuation Method
Interbrand Brand Valuation MethodInterbrand Brand Valuation Method
Interbrand Brand Valuation Method
 
Coca cola brand audit
Coca cola brand auditCoca cola brand audit
Coca cola brand audit
 
human resource practices at Mc.Donald
human resource practices at Mc.Donald human resource practices at Mc.Donald
human resource practices at Mc.Donald
 
Cola wars between Cocacola and Pepsi
Cola wars between Cocacola and PepsiCola wars between Cocacola and Pepsi
Cola wars between Cocacola and Pepsi
 
Starbucks delivering customer service
Starbucks delivering customer serviceStarbucks delivering customer service
Starbucks delivering customer service
 
7ps of Mcdonald's
7ps of Mcdonald's7ps of Mcdonald's
7ps of Mcdonald's
 
Functional and emotional benefits
Functional and emotional benefitsFunctional and emotional benefits
Functional and emotional benefits
 
Coca cola brand positioning
Coca cola brand positioning Coca cola brand positioning
Coca cola brand positioning
 

En vedette (15)

X 5 case copy
X 5 case copyX 5 case copy
X 5 case copy
 
Dermavescent copy
Dermavescent copyDermavescent copy
Dermavescent copy
 
Pmh
Pmh Pmh
Pmh
 
Hillcrest case study copy
Hillcrest case study copyHillcrest case study copy
Hillcrest case study copy
 
Croft
CroftCroft
Croft
 
Carnival cruise report copy
Carnival cruise report copyCarnival cruise report copy
Carnival cruise report copy
 
marketing plan (4)
marketing plan (4)marketing plan (4)
marketing plan (4)
 
Clip pers project
Clip pers projectClip pers project
Clip pers project
 
X4 case study copy
X4 case study copyX4 case study copy
X4 case study copy
 
depth interview tabs
depth interview tabsdepth interview tabs
depth interview tabs
 
Student P
Student PStudent P
Student P
 
Lancer gallery case study copy
Lancer gallery case study copyLancer gallery case study copy
Lancer gallery case study copy
 
Haverwood furniture
Haverwood furnitureHaverwood furniture
Haverwood furniture
 
Dermavescent Laboratories
Dermavescent LaboratoriesDermavescent Laboratories
Dermavescent Laboratories
 
Mary kay case
Mary kay caseMary kay case
Mary kay case
 

Similaire à Communispace case study copy

Wp 5 the compelling returns from ibm connections in support of social business
Wp 5  the compelling returns from ibm connections in support of social businessWp 5  the compelling returns from ibm connections in support of social business
Wp 5 the compelling returns from ibm connections in support of social businessIQVIA
 
Module-1 Marketing in Digital Environment
Module-1 Marketing in Digital EnvironmentModule-1 Marketing in Digital Environment
Module-1 Marketing in Digital EnvironmentLAKSHMI V
 
Social media impact on service brand reinforcement
Social media impact on service brand reinforcementSocial media impact on service brand reinforcement
Social media impact on service brand reinforcementAndrey Markin
 
Creating a sustainable online social commerce research paper
Creating a sustainable online social commerce research paperCreating a sustainable online social commerce research paper
Creating a sustainable online social commerce research paperBUEntrepreneurship
 
Cheap Term Paper Writer. Help Writing Term Paper
Cheap Term Paper Writer. Help Writing Term PaperCheap Term Paper Writer. Help Writing Term Paper
Cheap Term Paper Writer. Help Writing Term PaperAshley Carter
 
Research Paper on Social Media
Research Paper on Social MediaResearch Paper on Social Media
Research Paper on Social MediaManish Parihar
 
Online Community Performance Benchmark Report
Online Community Performance Benchmark ReportOnline Community Performance Benchmark Report
Online Community Performance Benchmark ReportDemand Metric
 
How Social CRM Can Help Address Changing Consumer Demands
How Social CRM Can Help Address Changing Consumer DemandsHow Social CRM Can Help Address Changing Consumer Demands
How Social CRM Can Help Address Changing Consumer DemandsFabio Cipriani
 
10 ways-community-cloud-transforms-business
10 ways-community-cloud-transforms-business10 ways-community-cloud-transforms-business
10 ways-community-cloud-transforms-businessRaj
 
ComBlu State of Online Communities 2010
ComBlu State of Online Communities 2010ComBlu State of Online Communities 2010
ComBlu State of Online Communities 2010ComBlu, Inc.
 
Financial Services and Social Media, What's Next?
Financial Services and Social Media, What's Next?Financial Services and Social Media, What's Next?
Financial Services and Social Media, What's Next?Bradley Jobling
 
Thinking psychoanalytically about desire in organizations - why we need a 3rd...
Thinking psychoanalytically about desire in organizations - why we need a 3rd...Thinking psychoanalytically about desire in organizations - why we need a 3rd...
Thinking psychoanalytically about desire in organizations - why we need a 3rd...Boxer Research Ltd
 
The Future Structure of Agencies.
The Future Structure of Agencies.The Future Structure of Agencies.
The Future Structure of Agencies.Manoj Kandasamy
 
Etude PwC sur la co-création dans l'industrie automobile (2013)
Etude PwC sur la co-création dans l'industrie automobile (2013) Etude PwC sur la co-création dans l'industrie automobile (2013)
Etude PwC sur la co-création dans l'industrie automobile (2013) PwC France
 
eCairn, Social Media Marketing Platform
eCairn, Social Media Marketing PlatformeCairn, Social Media Marketing Platform
eCairn, Social Media Marketing PlatformeCairn
 
New economy vs. traditional economy business needs
New economy vs. traditional economy business needsNew economy vs. traditional economy business needs
New economy vs. traditional economy business needsMohsen Gharakhani
 
Impact of Web Advertisement on Customers Perception - A Case of Banking Sector
Impact of Web Advertisement on Customers Perception - A Case of Banking SectorImpact of Web Advertisement on Customers Perception - A Case of Banking Sector
Impact of Web Advertisement on Customers Perception - A Case of Banking Sectorscmsnoida5
 
Lead Generation in B2B Communities
Lead Generation in B2B CommunitiesLead Generation in B2B Communities
Lead Generation in B2B CommunitiesGeorge Krautzel
 

Similaire à Communispace case study copy (20)

LIFT Presentation
LIFT PresentationLIFT Presentation
LIFT Presentation
 
Wp 5 the compelling returns from ibm connections in support of social business
Wp 5  the compelling returns from ibm connections in support of social businessWp 5  the compelling returns from ibm connections in support of social business
Wp 5 the compelling returns from ibm connections in support of social business
 
Module-1 Marketing in Digital Environment
Module-1 Marketing in Digital EnvironmentModule-1 Marketing in Digital Environment
Module-1 Marketing in Digital Environment
 
Social media impact on service brand reinforcement
Social media impact on service brand reinforcementSocial media impact on service brand reinforcement
Social media impact on service brand reinforcement
 
Creating a sustainable online social commerce research paper
Creating a sustainable online social commerce research paperCreating a sustainable online social commerce research paper
Creating a sustainable online social commerce research paper
 
Cheap Term Paper Writer. Help Writing Term Paper
Cheap Term Paper Writer. Help Writing Term PaperCheap Term Paper Writer. Help Writing Term Paper
Cheap Term Paper Writer. Help Writing Term Paper
 
Are Subscription-Based & Open-Source Apps, The Future of Social Media.pdf
Are Subscription-Based & Open-Source Apps, The Future of Social Media.pdfAre Subscription-Based & Open-Source Apps, The Future of Social Media.pdf
Are Subscription-Based & Open-Source Apps, The Future of Social Media.pdf
 
Research Paper on Social Media
Research Paper on Social MediaResearch Paper on Social Media
Research Paper on Social Media
 
Online Community Performance Benchmark Report
Online Community Performance Benchmark ReportOnline Community Performance Benchmark Report
Online Community Performance Benchmark Report
 
How Social CRM Can Help Address Changing Consumer Demands
How Social CRM Can Help Address Changing Consumer DemandsHow Social CRM Can Help Address Changing Consumer Demands
How Social CRM Can Help Address Changing Consumer Demands
 
10 ways-community-cloud-transforms-business
10 ways-community-cloud-transforms-business10 ways-community-cloud-transforms-business
10 ways-community-cloud-transforms-business
 
ComBlu State of Online Communities 2010
ComBlu State of Online Communities 2010ComBlu State of Online Communities 2010
ComBlu State of Online Communities 2010
 
Financial Services and Social Media, What's Next?
Financial Services and Social Media, What's Next?Financial Services and Social Media, What's Next?
Financial Services and Social Media, What's Next?
 
Thinking psychoanalytically about desire in organizations - why we need a 3rd...
Thinking psychoanalytically about desire in organizations - why we need a 3rd...Thinking psychoanalytically about desire in organizations - why we need a 3rd...
Thinking psychoanalytically about desire in organizations - why we need a 3rd...
 
The Future Structure of Agencies.
The Future Structure of Agencies.The Future Structure of Agencies.
The Future Structure of Agencies.
 
Etude PwC sur la co-création dans l'industrie automobile (2013)
Etude PwC sur la co-création dans l'industrie automobile (2013) Etude PwC sur la co-création dans l'industrie automobile (2013)
Etude PwC sur la co-création dans l'industrie automobile (2013)
 
eCairn, Social Media Marketing Platform
eCairn, Social Media Marketing PlatformeCairn, Social Media Marketing Platform
eCairn, Social Media Marketing Platform
 
New economy vs. traditional economy business needs
New economy vs. traditional economy business needsNew economy vs. traditional economy business needs
New economy vs. traditional economy business needs
 
Impact of Web Advertisement on Customers Perception - A Case of Banking Sector
Impact of Web Advertisement on Customers Perception - A Case of Banking SectorImpact of Web Advertisement on Customers Perception - A Case of Banking Sector
Impact of Web Advertisement on Customers Perception - A Case of Banking Sector
 
Lead Generation in B2B Communities
Lead Generation in B2B CommunitiesLead Generation in B2B Communities
Lead Generation in B2B Communities
 

Plus de kimberlybak88

Plus de kimberlybak88 (15)

Jimmi’s marketing efforts
Jimmi’s marketing effortsJimmi’s marketing efforts
Jimmi’s marketing efforts
 
city presentation
city presentationcity presentation
city presentation
 
Final
FinalFinal
Final
 
Clippers Presentation
Clippers PresentationClippers Presentation
Clippers Presentation
 
Dermavescent Laboratories
Dermavescent LaboratoriesDermavescent Laboratories
Dermavescent Laboratories
 
Final carnival
Final carnivalFinal carnival
Final carnival
 
I pad powerpoint
I pad powerpointI pad powerpoint
I pad powerpoint
 
Cross tabulation for survey
Cross tabulation for surveyCross tabulation for survey
Cross tabulation for survey
 
Jimmi's bar
Jimmi's bar Jimmi's bar
Jimmi's bar
 
Cross Tabs
Cross TabsCross Tabs
Cross Tabs
 
Weymouth steel
Weymouth steelWeymouth steel
Weymouth steel
 
presentation (6)
presentation (6)presentation (6)
presentation (6)
 
diary project
diary projectdiary project
diary project
 
Final verision
Final verisionFinal verision
Final verision
 
Report
ReportReport
Report
 

Dernier

Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst SummitHolger Mueller
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsP&CO
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdftbatkhuu1
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Neil Kimberley
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetDenis Gagné
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒anilsa9823
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in managementchhavia330
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessAggregage
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear RegressionRavindra Nath Shukla
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyEthan lee
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Dave Litwiller
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Lviv Startup Club
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageMatteo Carbone
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfOnline Income Engine
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesDipal Arora
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.Aaiza Hassan
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth MarketingShawn Pang
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insightsseri bangash
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMANIlamathiKannappan
 

Dernier (20)

Progress Report - Oracle Database Analyst Summit
Progress  Report - Oracle Database Analyst SummitProgress  Report - Oracle Database Analyst Summit
Progress Report - Oracle Database Analyst Summit
 
Value Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and painsValue Proposition canvas- Customer needs and pains
Value Proposition canvas- Customer needs and pains
 
Event mailer assignment progress report .pdf
Event mailer assignment progress report .pdfEvent mailer assignment progress report .pdf
Event mailer assignment progress report .pdf
 
Forklift Operations: Safety through Cartoons
Forklift Operations: Safety through CartoonsForklift Operations: Safety through Cartoons
Forklift Operations: Safety through Cartoons
 
Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023Mondelez State of Snacking and Future Trends 2023
Mondelez State of Snacking and Future Trends 2023
 
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature SetCreating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
Creating Low-Code Loan Applications using the Trisotech Mortgage Feature Set
 
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒VIP Call Girls In Saharaganj ( Lucknow  ) 🔝 8923113531 🔝  Cash Payment (COD) 👒
VIP Call Girls In Saharaganj ( Lucknow ) 🔝 8923113531 🔝 Cash Payment (COD) 👒
 
GD Birla and his contribution in management
GD Birla and his contribution in managementGD Birla and his contribution in management
GD Birla and his contribution in management
 
Sales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for SuccessSales & Marketing Alignment: How to Synergize for Success
Sales & Marketing Alignment: How to Synergize for Success
 
Regression analysis: Simple Linear Regression Multiple Linear Regression
Regression analysis:  Simple Linear Regression Multiple Linear RegressionRegression analysis:  Simple Linear Regression Multiple Linear Regression
Regression analysis: Simple Linear Regression Multiple Linear Regression
 
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case studyThe Coffee Bean & Tea Leaf(CBTL), Business strategy case study
The Coffee Bean & Tea Leaf(CBTL), Business strategy case study
 
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
Enhancing and Restoring Safety & Quality Cultures - Dave Litwiller - May 2024...
 
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
Yaroslav Rozhankivskyy: Три складові і три передумови максимальної продуктивн...
 
Insurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usageInsurers' journeys to build a mastery in the IoT usage
Insurers' journeys to build a mastery in the IoT usage
 
Unlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdfUnlocking the Secrets of Affiliate Marketing.pdf
Unlocking the Secrets of Affiliate Marketing.pdf
 
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best ServicesMysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
Mysore Call Girls 8617370543 WhatsApp Number 24x7 Best Services
 
M.C Lodges -- Guest House in Jhang.
M.C Lodges --  Guest House in Jhang.M.C Lodges --  Guest House in Jhang.
M.C Lodges -- Guest House in Jhang.
 
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Tech Startup Growth Hacking 101  - Basics on Growth MarketingTech Startup Growth Hacking 101  - Basics on Growth Marketing
Tech Startup Growth Hacking 101 - Basics on Growth Marketing
 
Understanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key InsightsUnderstanding the Pakistan Budgeting Process: Basics and Key Insights
Understanding the Pakistan Budgeting Process: Basics and Key Insights
 
A DAY IN THE LIFE OF A SALESMAN / WOMAN
A DAY IN THE LIFE OF A  SALESMAN / WOMANA DAY IN THE LIFE OF A  SALESMAN / WOMAN
A DAY IN THE LIFE OF A SALESMAN / WOMAN
 

Communispace case study copy

  • 1. Communispace Case Study As a brand manager, I would use Communispace's community service for developing my products. It would be helpful to have a well represented and established company find valuable market research for my products. Communispace is the leader in brand market research within online communities. Communispace has a great reputation and has worked with many high profile companies. According to Exhibit 1, Communispace has worked with high profile companies such as Best Buy, Unilever, Pepsi, Kellogg and the Home Depot. In addition, Communispace is known for developing great relationships with clients and community members. Communispace allows clients to be very involved in the activity and research process of their projects. The pricing of their service is also appealing and attractive with service prices under $10,000. The establishment, reputation and pricing of Communispace illustrate great reasons to develop a working relationship with their company. I would use the Communispace service for the development and feedback stages of launching a new product. Their services would provide information towards branding, valuable consumer feedback, and the competition of other similar products. According to Exhibit 2, the main examples of their client uses are product innovation, developing insight, marketing and brand competition. My company would mainly use product innovation and developing insight. Insight gathering would be the most beneficial. According to Exhibit 2, insight gathering would discuss trends, attitudes, preferences and listen to the members main ideas. In addition, one of the most important features Communispace offers is "qualitative research reports that capture the consumer insights obtained and that offered actionable recommendations for managing" (Keinan 1) for a specific project. The Communispace service would provide valuable and insightful information for my project.
  • 2. The Communispace market research tool allows for many advantages compared to other tools. Communispace has a niche in the research market for their service tool. Some of the advantages are quality feedback, smaller communities, lower costs and convenience. Communispace prides itself on listening to both its clients and members in their community. This allows them to develop and gather quality responses from community members. In addition, Communispace is a private and smaller based community. The community consists of 350 communities. Communispace believes this specific environment allows for a long-term relationship, which members believe their input is being heard and develop trust with Communispace. This market research tool allows for lower costs. Communispace offers their service for an average price between "$5,000 to $10,000 per project" (Keinan 3). This is a reasonable price as some internal companies conduct "a broad-based survey of several hundred or several thousand individuals which could cost from $10,000 to $100,000. And a single focus group could run upwards of $15,000" (Keinan 8). This online marketing tool is also convenient as members do not have to leave the comfort of their homes to provide their insights and feedback. The Communispace marketing research tool creates many advantages to their clients and members. The Communispace marketing research tool has some disadvantages compared to other marketing tools. The most prominent disadvantages are time and inaccuracy of the online sample. A project with Communispace consists of a 12-month contract, which is a long time to wait for complete information about a product. Communispace mandates a 12-month contract to understand "broad insights that evolved slowly, such as how one's brand was perceived over time, and for answers to pointed questions, such as whether a potential television ad was liked or disliked" (Keinan 2). This type of contract may be unappealing to some clients desiring faster
  • 3. feedback. Another disadvantage is the accuracy of online members. This marketing tool features online aspects, which can be inaccurate or deliver concerns. Some concerns with online communities are the representativeness of the targeted population, gathering enough members to provide feedback and the identity of members. Respondents can make up information about themselves and provide unrelated information because there is not a direct verbal or visual communication from the members. Online communities also propose the problem of continuously gathering enough respondents to keep the pace of their communities. Communispace has many competitive advantages compared to their competitors. The main competitive advantages are listening to their community members and establishing smaller communities. The Communispace community is purpose-driven and focused on delivering feedback. According to Table A, community members felt the company truly valued their opinion. In addition, the members somewhat disagreed on the company not making changes based on their feedback. This shows members feel involved and "their individual voice mattered more" (Keinan 5). Another competitive advantage is smaller communities. Communispace uses a small, private community to gain quality insights and feedback compared to "large public online communities, such as Proctor and Gamble's VocalPoint with 350,000 members" (Keinan 5). A smaller community allows members to feel more involved and deliver a more personal environment. Communispace believes a personal environment conveys a greater level of trust and insight. The Communispace business model is effective and capable of thriving success. The business model consists of creating small and private online communities to provide valuable feedback to product-based clients. The business is designed and developed on the internet, which allows quicker feedback to their clients. These clients have the ability to observe current
  • 4. community responses by logging into their system. The technological aspects of Communispace are important as the world continues changing into different forms of technology. As technology continues to evolve, people will continue to vie for immediate and quicker feedback. The Communispace business model produces value in their relationships with associates and feedback from their members. The company works with respected companies and vies to establish long-term relationships with their associates. The Communispace company is different than other companies by forming small, private online communities. Communispace is a leading online market research company and should continue to be successful as they grow with technology advancements. Works Cited Keinan, Anat (2009). Communispace. Boston: Harvard Business School Publishing.