Book Image

From Voices to Results - Voice of Customer Questions, Tools and Analysis

By : Robert Coppenhaver
Book Image

From Voices to Results - Voice of Customer Questions, Tools and Analysis

By: Robert Coppenhaver

Overview of this book

Voice of Customer (VoC) is one of the most popular forms of market research that combines both quantitative and qualitative methods. This book is about developing a deeper knowledge of your customers and understanding their articulated and unarticulated needs. Doing so requires engaging with customers in a meaningful and substantive way – something that is becoming more and more important with the rise of the increasingly connected world. This book gives you a framework to understand what products and features your customers need, or will need in the future. It provides the tools to conduct a VoC program and suggests how to take the customer input and turn it into successful products. This book also explains how to position and price your products in the market, and demonstrates ROI to the management team to get your product development funded. By the end of this book, you will have a thorough understanding of the relevant stages of a VoC project. It will show you how to devise an effective plan, direct the project to their objectives, and then how to collect the voice of the customer, with examples and templates for interviewing and surveying them.
Table of Contents (14 chapters)
From Voices to Results – Voice of Customer Questions, Tools, and Analysis
Credits
About the Author
Preface
Epilogue

Summary


In this chapter, we have discussed various tools and methods to gather market, product, and organizational data to provide a more holistic view of your market and opportunity, which are as follows:

  • SWOT: An articulation of the organizations internal and external forces which aid in understanding your strengths and weaknesses in the marketplace, as well as the opportunities and potential threats you face

  • Porter's Five forces: A more focused and detailed view of the forces within a market which will have an effect on your ability to be successful

  • Growth-Share Matrix: A more detailed look at your own product portfolio and allowing you to understand those products that should be invested in, those products you should "milk", and those products you should jettison

  • Segmentation: A deeper look at your customers market with an understanding of how to identify which segments you should target for your products and research

  • Competitive Analysis: A more detailed understanding of your competition...