Home

  • Home
    • » e-Newsletters

Leading market research professionals focus efforts

Healthcare Strategist Trend Watch, June 27, 2006

Representatives from the Chapel Hill, NC-based research firm Best Practices, LLC said results from a recent study show that to support category mastery, leading market research organizations focus their professionals on small product clusters, according to a media release. The study showed 71% of healthcare companies simultaneously support just one to five products.

The study, which examined 85 companies across 20 industries, found that

 64% of benchmark partners manage 20 projects or less per year

 50% of market research organizations provide one to three weeks of annual training

 65% of health care companies invest $300,000 to up to $5 million in market research investment per market research professional

 70% of companies employ decentralized market research structures and yet don't train on critical skills to make cross-functional, decentralized structures work

Most Popular