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Negotiating with People around the World, and around your Company

Posted on  1 April 14  by 

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¬?w?A recent Business Insider blog post—These Diagrams Reveal How To Negotiate With People Around The World—gives us a set of communications charts from When Cultures Collide, which with great illustrative detail, describe how negotiations with different people across the world varies. Based on communications research, the diagrams aim to describe national norms and variations in how people approach and react in a negotiation.

Although the diagrams show different styles, such as “Hungarians value eloquence over logic and are unafraid to talk over each other,” or “Koreans tend to be energetic conversationalists who seek to close deals quickly, occasionally stretching the truth,” there are some similarities between the illustrated diagrams. The biggest one that stands out to me is that each negotiation includes at least one “resistance”, “refuse”, “confusion”, or, to put it most eloquently “PROBLEMS” stage. Getting people to buy into your ideas is tough, regardless of where in the world you are.

As Market Insights professionals, we encounter these “PROBLEMS” all the time. Despite wanting new ideas, business partners are reluctant to act. Market Insights must play the role of chief insights negotiator at our companies—working to present our findings and recommendations in a way that captures of the attention of business partners and spurs action.

What can we learn from this article to apply back to our work? First, some cultural sensitivity is important when working in the global marketplace. But sensitivity, planning, and understanding are key to successful negotiation in any geography. Here are some tips to take with you as you work to negotiate for action:

Members – need some extra help with negotiation and insight activation skills? CEB Market Insights has a workshop coming up that will provide hands-on training on skills including stakeholder identification, conflict pre-emotion and management, and negotiation techniques. Register here.

Visualizing TV Series’ Popularity: Compelling Infographics

Posted on  1 April 14  by 

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TV Episode PopularityAs something of a TV junkie, I was really excited about a recent post on wired.com about “Graph TV,” a site that compiles all episode ratings from the popular website IMDB.   Each show is helpfully color coded by season, and also includes a linear regression for easy chart consumption.

Not only is this site terrifically (perhaps too) easy to use—I recommend only venturing over there after business hours, as you will lose track of time quickly when you start trying to remember the names of your favorite series through the years—but it also is a great demonstration of simple, easy-to-use data visualization.  Using color-coding and simple regression, Kevin Wu has created an addictive self-service data portal.  Now all it needs is an option to graph two or more shows against each other and the social media wars on “the best television shows ever” will really heat up with an infusion of statistical arguments!

I’m not sure if it’s fair to compare research and insight communication to “Graph TV,” but I know we’re always looking for the best ways to engage our business partners, and even facilitate self-service where appropriate.  CEB Market Insights members, check out some of our most popular content on engaging data below:

The Unconscious Bias Against Female Applicants to STEM Jobs

Posted on  26 March 14  by 

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STEM JobsFolks hiring for science, technology, engineering, and math jobs (STEM, for short) may think they are unbiased in candidate assessment.  But a recent study from business school professors at Columbia, Northwestern, and Chicago identified some startling unconscious biases. 

A recent article on fortune.com outlines how the professors used their late-twenty to early-thirty year old students (AKA Millennials) to role-play hiring managers and job candidates.  Knowing only the appearance of “candidates,” both genders of “hiring managers” were twice as likely to select a male candidate over a female.  And when they were shown results of a math test, male and female managers still demonstrated preference to male candidates.  Indeed, women had to score about 15% higher on the test to be perceived as “equal” to the male candidates.

Professor Ernesto Reuben of the Columbia Business School noted that hiring managers didn’t take the test scores to heart because, “the information was just so counter to their ‘gut feeling’ about the candidates.”  It was that quote that resonated with me: as Market Insights professionals, we deal with correcting misperceptions and readjusting incorrect gut feelings all the time.  It made me wonder if any of our tactics to help readjust business partner assumptions could help correct the unconscious biases of hiring managers:

  1. Build interest in the topic: explicitly outline the value of the learning opportunity by introducing dissonance.  The Market Insights team at H.J. Heinz uses interest provoking tactics to create a “buzz” around new information sessions…maybe the study above will provide the buzz needed for hiring managers to take an interest in changing their biases.
  2. Design learning experiences to encourage internalization of insights: multi-sensory, realistic, and interactive events make learning opportunities more effective.  Pollstream, P&G, and Amway use gut-busting experiences to break down and re-build business partners’ “gut” understanding of customers.  Maybe business schools could re-run the experiment outlined above to make tomorrow’s business leaders feel their own unconscious biases before they encroach on actual hiring decisions.
  3. Neutralize existing knowledge: using an unfamiliar context to teach new insights means that executives can’t lean on their expertise to get through learning experiences.  Telecom NZ uses an interactive insight workshop to take business partners out of their day-to-day responsibilities, ensuring better uptake of new insights.  Any thoughts on how hiring managers could get out of their day-to-day grind to help internalize these changes?  Share any ideas that you have in the comments section below!

What Market Insights Can Learn from Chipotle: Activism

Posted on  25 March 14  by 

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Blue Ribbon ActivistsOne of the more successful stories in a crowded fast-casual restaurant market is the rise of Chipotle. Serving fresh food that is primarily cooked in-house, Chipotle reported revenue of USD 3.2 billion. At the heart of this successful chain is management’s ability to enable employee performance. In a recent article in Quartz magazine, co-CEO Monty Moran, described the program in place. Termed the ‘restaurateur’ program, it enables hourly crew members to become managers of restaurants that oversee staff and train other managers. During this process they end up earning six figure salaries. Moran talks about the culture of Chipotle and their policy of hiring, rewarding and empowering top performers.

Here at CEB Market Insights, we have been discussing activism: setting expectations, implementing measurement, and empowering staff by providing tools to be proactive. We describe activism as sets of activities that incorporate competencies of influencing, negotiating and ownership of ideas with broader business objectives in mind and performed in an agile and efficient manner.

How would you describe activism? What are you doing to empower your staff?

CEB Market Insights members can access our case studies on activism and how companies like General Mills, Wrigley’s, and IBM are confronting this challenge.

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3 Work Mistakes to Avoid

Posted on  18 March 14  by 

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Mistakes to Avoid at WorkWhat makes someone successful at work? Sure – things like skills, knowledge, and hard work are important, but we’ve all seen otherwise competent people flounder in their professional lives. In an article I just read about common mistakes to avoid at work, I saw a few points that carried over from an individual career to the world of Market Insights.

Mistake 1: Not Understanding Your Manager

You might be incredibly productive and great at delivering exactly what is asked of you, but if your boss is the type that values creativity and out-of-the-box thinking, you might not get very far. Similarly, market insights professionals might be methodological experts, but if they’re not delivering the insight their business partners need, both parties will miss out on a lot of value. How do you make sure you and your business partners are on the same page? Our topic center on internal partner issue diagnosis will help you avoid low-value questions and help internal partners articulate their needs in ways that allow Market Insights to provide the right type of strategic support.

Mistake 2: Viewing Failure as Final

As many a proverb will tell you, failure is an important part of success. The people whose careers grow most quickly are resilient in the face of setbacks and learn from their mistakes rather than becoming discouraged. In the same vein, bad ideas are important to developing good ones, and to get the highest quality insights, market insights leaders must create a team environment where risk-taking is encouraged and failure is okay. Diageo re-sets expectations for researcher behavior to encourage calculated risk-taking in the insight generation process and Corning creates grassroots support for risk-taking  by building hypothesizing into its research process.

Mistake 3: Not Investing in Relationships

Most people would agree that building relationships with the people you work with is key to success.  For Market Insights professionals, remaining in your own silo is an easy way to become irrelevant. It’s important to encourage cross-functional collaboration so that researchers are providing the highest quality insight from many sources of customer data. Eli Lilly encourages its researchers and analysts to improve business acumen and build relationships through rotations in other functions, and Microsoft encourages collaboration by asking researchers to develop recommendations that require knowledge from other functions.

If you’re hiring someone new for your team, check out our new Behavioral Interview Hiring Guide. Hopefully he or she won’t make the mistakes listed here!

Address the Big Data Talent Gap

Hiring Data ScientistsMore customer-related data is available now, than ever before. In addition to structured (“rows and columns”) data, companies now have access to unstructured data such as social media comments, sensor data, videos, and log files.  Since the technology and tools available to manage this data have become more accessible, companies are rightly thinking about harnessing Big Data to create value for the business. While companies such as Amazon have shown us that Big Data can indeed generate Big Value, most companies are just scratching the surface.

Big Data requires a unique blend of quantitative, computer science, and business domain skills—data science skills—and most companies are finding that their existing analytics teams don’t have these skills. Here are some questions we heard from members during our latest research on Building Data Science Skills:

  • How are data science skills different from traditional analytics skills?
  • Do we really need advanced data science skills?
  • How can we secure these skills? Do we need to hire or develop data scientists who can do it all, right from integrating messy datasets to analysis and storytelling?

Here’s what we found:

  • First, assess your Big Data strategy and readiness: Yes, Big Data CAN create a variety of wins (by helping companies adjust product launch tactics, set custom prices, and optimize operations to name a few) but it requires significant time and investment in building talent, acquiring technology, and establishing processes. Before jumping into Big Data, define your Big Data strategy by considering factors such as availability of data, management buy-in, and importance of Big Data for your industry. It’s also important to assess your Big Data readiness: instead of starting with complex and sophisticated applications of Big Data (such as forward-looking, predictive analytics), it makes sense to start with simpler analytics (such as backward-looking, descriptive analytics). Simpler analytics may require a few additional skills missing on the existing analytics team, but does not require sophisticated data science skills.
  • Hard skills are important, but not sufficient: Although hard skills—such as advanced quantitative modeling skills, knowledge of Big Data tools, and business domain knowledge—are critical, they are not enough. Traits such as curiosity, creativity, and perseverance are equally important.  These skills and traits are best tested using a combination of interviews and practical tests. Practical tests help assess candidates on applied skills required to integrate different datasets as well as curiosity to find patterns in the data. Data professionals are increasingly rebranding themselves as data scientists though they don’t have the required skillsets, so a robust hiring process is vital.
  • Select the best option for securing data science talent: Although hiring or building versatile, “star” data scientists who possess skills across the Big Data analytics workflow is the most talked-about option, it’s not necessarily the right option for all companies. Other viable options to secure talent include dispersing the new Big Data skills across the existing analytics team and outsourcing analytics. Decide the best option for you by considering the costs involved, time required to buy or build capability, and sustainability of the approach.

Where are you in the Big Data journey? Which approach are you using to secure data science talent?

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The 3 Millennial Myths

Millennial MythsComposed of a staggering 76.6 million individuals, Millennials have quickly risen to become today’s largest generation – surpassing even Baby Boomers. This rapid growth has made marketers stop and question their strategies for this lucrative segment. The fact is that most brands are missing the mark, at a time when organizations can’t afford to alienate this generation. Don’t fall into the traps that have long plagued Millennial marketing, let CEB help you distinguish the myths from reality.

  • Wait for Millennials to “Grow Up”: Marketers have long assumed that Millennials’ inward-facing value sets were a sign of adolescence and that in time they would fall into traditional patterns. The fact is that this shift is not a phase that they will simply outgrow. Successful brands are not projecting traditional identities onto their consumers, but rather positioning their products or services to fit into their evolving lifestyles.
  • Downplay the Complex Economic Landscape: 76% of Millennials worry about a lack of work, at a time when a college degree has never cost more while opening fewer doors. The reality is that Millennials continue to fare worse in the Great Recession’s wake than any other segment. Amazingly, Millennials remain largely upbeat:  80% of this optimistic generation feels that their standard of living is improving. Instead of discounting their harsh economic reality, brands need to empathize with their plight and applaud their resilience.
  • Impress with “Shock and Awe”: Brands continue to invest in flashy marketing campaigns hoping that this approach will attract the attention of this younger set, but it’s not working. Millennials have an innate ability to filter out marketing hype. When companies focus on addressing real consumer needs, they’ll find it easier transform these media-savvy skeptics into powerful advocates. Hype hits home when it comes from the consumers, not from the brand.

These myths give you a glimpse into the complex nature of the Millennial mind, and the diverse approach marketers must take to capture this segment. CEB Iconoculture Consumer Insights’ is thrilled to announce our latest eBook, The Marketer’s Handbook, to help companies and agencies navigate this complex landscape. We also invite you to share our latest infographic highlighting the rapid rise of the Millennial generation and their shifting dynamics.

Taking the road less travelled (but more successful)

Posted on  10 March 14  by 

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Activating InsightsDuncan Niederauer is the CEO of the New York Stock Exchange. In a recent post on LinkedIn he writes about conventional wisdom and its failure to bring reward and success despite hard work. Evoking Robert Frost, he discusses the merits of the road less traveled.

“If conventional wisdom suggests an answer, take time to consider the alternatives. If the majority heads in one direction, take the time to explore another.”

He attributes his career success to exploring unconventional paths and talk about how the obvious answers are not always the right answer.

In the past year, CEB Market Insights explored paths for activating disruptive insights. MI members told us that only 37% of the potential benefits of a disruptive insight is realized. We explored different paths to success in that area- both conventional and the less travelled ones. The three areas where effort matched the impact were ones that were less traveled.

  1. Activities focused on navigating organizational obstacles rather than visceral evidence or tailored communications.
  2. Focusing on competencies around activism more than interpersonal influence, which is also essential.
  3. Working with business partners that are insight ready rather than insight-needy.

CEB Market Insights members can read our full study on Activating Disruptive Insights. Contact us if you have additional thoughts around activism.

5 Meetings You’re Doing Wrong

This week’s guest post comes from the CEB Sales Leadership Council, whose members also spend a lot of time in cross-functional meetings.

Improve Your MeetingsWhen done well, meetings allow people to do their jobs more effectively.  In practice, though, meetings rarely produce enough benefits to justify the time they take up, giving credence to the cynics who describe meetings as “the most frustrating exercises in pointlessness ever to have been invented.”

It doesn’t have to be this way.  A recent Google Ventures presentation offered tips that startups and multinational corporations alike have been using to make meetings as pleasant—and productive—as possible.  Below, we distill their insights about the five types of meetings that you’re probably doing wrong and suggest how to turn your situation around.

Meeting #1:  The Brainstorming Session

You’re hoping to:  Solve a tough problem with the knowledge and creativity of a diverse group of colleagues.

What goes wrong:  Chaos ensues.  One person has no idea what the meeting is about, so you spend the first ten minutes updating them.  A few people dominate the conversation while others struggle to contribute or simply stay quiet.  One person thinks they already know how to solve the problem and spends the entire meeting lobbying the group to go with their proposal.

Fixes:

  1. Keep them small.  Better to have three separate meetings with four people than one big meeting with twelve people.
  2. Keep them scoped.  It’s important to know what problem you’re there to solve, but it’s even more important to know what problems you aren’t there to solve.  If you aren’t clear about that, someone will inevitably push the conversation to an inappropriately high altitude.  CEB Market Insights members, check out all of our scoping tools to help keep your meetings on track.
  3. Designate a facilitator.  It’s impossible to be deeply creative while also watching the clock and tracking group dynamics.  Let the      facilitator take care of ensuring that the meeting is running on schedule and that everyone is participating an appropriate amount.
  4. Make sure you want a brainstorming session.  If there’s a decision to be made, run it like a decision meeting (see below).  “Brainstorming” meetings are often decision meetings in disguise; the person organizing the meeting wants to make a certain decision, but they also want to seem like a collaborative colleague, so they call the meeting a “brainstorming session.”  Don’t let this happen.

Meeting #2:  Decision Making

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3 Principles of “TED-like” Presentations

Posted on  4 March 14  by 

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TED Talk TipsTED has become a ubiquitous source of memorable presentations and knowledge sharing.  With a focus on “Ideas Worth Spreading,” it makes sense that they have developed some real presentation best practices.

Communication coach Carmine Gallo analyzed 500 popular TED presentations and spoke with presenters and neuroscientists to inform his new book: Talk Like TED: The 9-Public Speaking Secrets of the World’s Top Minds.  His research uncovered 3 “unbreakable laws” for effective, memorable presentations:

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