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Advice You - Choosing a Marketing Research Firm: 10 Critical Questions
If your organization is considering a marketing research project, it is critical to select the most effective methodology for meeting your particular goals. Four data collection methods are commonly available for conducting marketing research—telephone surveys, web and mail surveys or interactive voice response systems. Computer-assisted teleph According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product one interviewing (CATI) is by far the most popular methodology for collecting data used in marketing research today. This is because telephone surveys have a high response rate and are particularly helpful when a company needs to screen potential respondents to get to the most appropriate person to answer their questions. With CATI research, a ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in survey is developed, tested, and then programmed into an interactive computer-based script.
CATI begins with a computer randomly dialing phone numbers from the established sample. After a respondent is reached, a live interviewer conducts the interview by reading verbatim from the programmed survey script. If the correct person is not availabl lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. e, the interviewer may schedule a callback for a specific time in the future. The data set will contain not only answers to each question, but also a complete log of what happened with each sample record. CATI is the best data collection method when:
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe ons regarding a specific experience or representative involved in a specific experience, the telephone survey should be completed within four weeks of the transaction/experience. d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro ewer will ask for the person listed in the sample file. Once that individual is on the phone, the interviewer asks if he/she had direct contact with the Service Department. If so, the interview continues. If not, the interviewer asks to speak with the person who did. ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc if there is a business name and number for business policies, but no contact name. In this case, the interviewer can explain whom he/she is trying to reach. easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi ct types. In this case, the script can read directly from the sample file and pipe in different text depending on the respondent’s brand or type. It can also skip over questions that are not applicable. nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically ch brand. Then within those brands, you may want a certain percentage to be for B2C policies and another for B2B policies. and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ -up or probing open-ended questions. For example, the respondent may say that they were very dissatisfied with their overall service experience. In this case, the next question may be to probe for specifics (e.g. “Why specifically did you say you were very dissatisfied with your service experience?”) Often, the initial answer is fairly vague ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi e.g., because the service wasn’t good). The interviewer, however, will probe to get specifics that are actionable within your organization. ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a l. Since the response rate is higher for CATI, it will take a less usable sample to achieve the desired number of completes. dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod is not too sensitive or controversial. Respondents may be unwilling to discuss sensitive topics with the interviewer. (Mail is the best data collection method for sensitive topics).
Once you have determined CATI is the best methodology for your next project, selecting a qualified marketing research firm is the next important decisi cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin on. Consider these 10 critical questions when searching for a qualified marketing research firm to conduct CATI research for your organization:
tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen nt flexibility and capacity? (This ensures the facility can handle multiple projects simultaneously.) t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel ipting access external databases? (This means that questions can be customized to a specific respondent, integrating information on purchases or revenue.) ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust ately and/or transfer the respondent to a client-specified location, such as a customer service department.) y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products y.) . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de tinuously monitor the interviews.) elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip ws resulting in accurate survey databases.) When a marketing research firm answers these 10 critical questions, you will be well-informed and can make the best decision about their CATI capability. Choosing a qualified research partner, along with the most appropriate methodology, will result in the most valuable data for your organization tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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