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| Indiantelevision.com's
interview with Synovate
Asia Pacific CEO Tim Balbirnie |
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'Clients
want better research insights, high quality data and speed'
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| Posted
on 13 March 2006 |
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The
world of market research in India is growing. Both channels and
advertisers are seeking more clearer understanding of the consumer
and his/her evolving media behaviour.
One firm that helps in this regard in market research firm Synovate.
Indiantelevision.com's Ashwin Pinto caught up with
Synovate Asia Pacific CEO Tim Balbirnie for a lowdown on the company's
activities and how it adds value for clients.
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What
are the ways in which Synovate is helping add value to your offerings?
We are finding an increasing number of clients are looking towards
our online capabilities. We are expanding our global panel, ViewsNet,
to facilitate the increasing demand for online research. More and
more, we find clients appreciate our assistance with brainstorming
workshops as a complement to the report.
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How much does the media and entertainment sector contribute to your
revenue stream?
Our
media division makes a significant contribution to our revenue.
However, we do not break up our revenues by division or indeed,
area of specialisation.
The
media sector is important because it is very high profile within
the overall research industry. It is also challenging work to conduct
from a sampling and analysis perspective.
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Could you give me an idea about the time and effort involved in
conducting major studies like Synovate Pax?
It
is significant. It is an ongoing effort to continue enhancing a
media currency survey like Synovate Pax. Synovate has invested 10
years; a lot of time and energy; and intellectual rigour in ensuring
the survey delivers accuracy, representativeness and meets the needs
of major media owners, specialists and agencies across the Asia
Pacific.
We
are using sophisticated data collection techniques to collect information
from the most affluent segments of the population in Asia. In less
developed markets this has its own challenges.
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How
is Synovate able to work within tight deadlines without compromising
on quality?
As with all service industries, clients are - quite rightly
- demanding more. They want better insights, high quality data and
speed. Synovate is putting a great deal of emphasis on technology
to help us deliver high quality work with faster and faster turnaround
times.
We
now have a global chief information officer who is seizing this
opportunity to drive the group forward from a technical perspective.
Synovate is focussing on support services which had previously been
regarded as back office functions and utilising those services as
a way to deliver all the benefits of our global scope, reach and
scale to clients.
One
of the things we will not do, regardless of deadlines, is compromise
on quality. All Synovate offices have implemented quality control
standards of the highest degree. Nothing we do will negate the need
for maintaining these standards.
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'Moving
customer loyalty to the centre of your business strategy requires
a well thought-out plan. Our customer relationship architecture
provides that guidance'
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What recent additions have been made to your product portfolio as
far as the media and entertainment sector is concerned?
Over
the past 12 months we have added the 'Media Atlas' survey in Hong
Kong, Malaysia and Bangkok. This study shines the spotlight on local
media consumption and is being welcomed as a valuable alternative
to information that has been in the marketplace for decades.
This
is also being introduced in the Philippines. Over the coming months
further markets will be added. We have also introduced 'Media Brand
Values. This measures the relationship between C level executives
and their media of choice.
In
addition, our 'Young Asians' survey looks at the media consumption
as well as attitudes, brands of choice etc for eight to 24 year
olds across the region, including India, and kicks off its second
year later this month. This survey, given the importance of youth
across Asia, is attracting much interest among clients.
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Have
you acquired any research firms in Asia recently to add to your
repertoire?
Less than six months ago, we acquired Market Equity in Australia,
a large independent firm. That acquisition, coupled with Aztec Information
Services which was acquired in March 2005, has made Synovate a top
five player in the Australian market. Australia is an important
market to many of our regional clients. So it is a real benefit
to now have a seamless Synovate regional operation throughout the
major markets.
Market
Equity re-branded to become Synovate in December 2005. We also completed
the purchase of the Filter Group, a youth marketing research company
late last year.
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Could you talk about the kind of out of the box solutions that Synovate's
customer Loyalty practice division offers clients?
Moving customer loyalty to the centre of your business strategy
requires a well thought-out plan. Our customer relationship architecture
provides that guidance. This blueprint is customised for each client,
and built from a solid, proven framework.
We
work with every business in a different way. How we work with a
company depends on its goals and where it is in building its own
customer relationship architecture. We have some solutions that
are starting points addressing aspects of loyalty such as customer,
organisation, event, brand, market, employee and reputation.
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Could you give me an idea of what advertising development research
entails? How does Synovate work with media planners and FMCGs in
this regard?
At Synovate our philosophy is to integrate media measurement
into brand and advertising tracking. This allows our media expertise
to be of direct value to major advertisers.
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In what way have clients' needs and expectations from Synovate grown
in the past couple of years?
Not too long ago, research companies were just producing data.
Now we are doing so much more for clients - analysing, consulting
and so on. I believe that we are an increasingly vital part of marketing.
The
research industry needs to move towards this model across the world.
The way we are approaching this at Synovate is to work harder and
better at understanding our clients' needs and the analytics before
we start a project. This understanding then carries all the way
through the project and beyond.
We
are building our consultancy skills - investing in people that have
both marketing and research backgrounds to drive this throughout
the organisation.
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'We
understand that everything revolves around business. Pretty
graphs are not worth it unless they can be translated into
actions - actions that improve business'
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How
does Synovate move beyond just providing reports that contain lots
of data?
To move beyond just the data, Synovate is working more and more
on client workshops, brainstorming and consulting. We are working
to make our service more than a report. We want to help clients
make their reports meaningful and help improve their marketing and
business strategies. The bottom line is - well - the bottom line!
We
understand that everything revolves around business. Pretty graphs
are not worth it unless they can be translated into actions - actions
that improve business. We are all about applying the theory of research
to real life in the business world.
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Often
marketers tend to not define precisely what they require when they
buy research. Also they have unrealistic expectations at times.
How does Synovate cope with this difficulty?
Again,
we are working harder and better at understanding our clients' needs
and the analytics before we start a project. This is a two-way process.
We
understand clients better and they understand us. This understanding
then carries all the way through the project and beyond. Our clients
in general tend to have a clear understanding of what it is they
need to know or find out.
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As
per Synovate findings what role will new media play in the media consumption
landscape?
New media is without doubt influencing the decisions of advertisers
who are seeking additional methods of communicating with their target
audiences in an era where the consumer is increasingly in charge of
media choices. |
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Speaking
of which, one issue that is coming up more and more is that of media
clutter. With the multiplying of media options, the efficacy of
research activity in tracking ever-more complex variables are being
put under the scanner. Your comment?
We have several tools which allow us to track consumer media
pathways in real time. Mobile phones provide an excellent method
because they are the one device which people carry with them day
and night, and which allow us to interact with respondents to find
out their media and advertising exposure across the day.
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'Market
research industry across all of Asia Pac is still growing
quickly. Growth in some markets is running at 15-20 % &
most markets are above market predictions. A
lot of this growth is linked to China, but more & more
India is gaining sway'
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What
kind of growth can we expect in the market research business in
India and Asia?
Historically, we have always achieved double-digit growth in
the Asia Pacific region. I am confident we will maintain these levels
of growth for the foreseeable future.
Indeed,
the market research industry across all of Asia Pacific is still
growing quickly. Growth in some markets is running at 15-20 per
cent and most markets are above market predictions.
A lot
of this growth is linked to China, but more and more India is gaining
sway. I was at a seminar on regional forecasts the other day and
the talk was of 'China plus One'. Companies and investors don't
want to put all their eggs in the one basket.
So
they are investing in China and somewhere else in the region. Increasingly
that 'somewhere else' is India. So as foreign investment increases
in India, marketers will invest more and more there too. I see the
country as a growth engine for Synovate - not our only one, but
a significant one.
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What
are the plans as far as India is concerned? How important a market
is it as far as Asia is concerned?
India is very important to us. We will continue to develop and
grow our business there. As I mentioned India is becoming a significant
market and a major consideration for most MNCs. |
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Have
you signed any recent deals with any Indian television channels
to do research on their behalf?
We work with several large media players in India. Synovate
has a fully-fledged team in India to service media clients covering
the entire genre of print, television, magazines and of course internet.
Since
its inception, the media research division has done a lot of work
in the areas of image and brand tracking studies, positioning studies,
and of course on Synovate Pax. This study is the barometer to measure
the media consumption habits of the affluent in India.
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There
have been reports that WPP is looking to acquire Synovate. Has anything
progressed in this area? Is consolidation in the market research
arena something that you expect to see this year?
It is certainly flattering to be the object of our competitors'
attentions.
But,
despite some discussion last autumn, the fact is that no one has
made a serious offer to buy us and that continues to be the case.
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Finally what does the future hold for Synovate?
It's a very bright future. Certainly, there are challenges from
other industries which see research as a good thing to be in, but
the demand is increasing significantly year on year. The nature
of research is also changing.
So
while the core people skills will always be in demand, the focus
will shift to more technologically based solutions such as online
surveys, which are already with us.
Our
belief has always been to stay one step ahead of the competition
- we believe this has helped drive our success in the past and will
continue to do so in the future.
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