Monday, February 22, 2010

Focus Groups

Focus groups can provide insight into the customer decision making process (Bygrave & Zacharakis, 2010).  Questions must be carefully formed to ensure worthwhile data is compiled (Bygrave & Zacharakis).  The limitations of focus groups and customer interviews include lack of statistical significance due to the nature of the information collected (Bygrave & Zacharakis).  However, customer groups can provide great feedback of a product before formal launching.  Many technology based programs run a beta program where they receive input and potential errors from willing consumers.

Reference:

Bygrave, W. D., & Zacharakis, A. (2010). The Portable MBA in Entrepreneurship. Hoboken, New Jersey: John Wiley & Sons, Inc.

[Via http://autonomousblogger.wordpress.com]

No comments:

Post a Comment