Here is an Insight: "Product satisfaction arises less from inherent construction and performance than from consumers' internalised perceptions of personal utility."
You may have found it faintly familiar; and - when you finally worked out what it meant - more than faintly obvious. What you won't have found it to be is exhilarating, inspiring, memorable, actionable, evocative. You will not have been tempted to repeat it to colleagues or include it in your next internal newsletter. Certainly, it contains a truth - and an important truth at that; but it just sits there.
Between 40 and 50 years ago, Professor Theodore Levitt famously told his Harvard Business School students: "People don't want quarter-inch drills. They want quarterinch holes." It's been quoted a million times ever since and enlightened generations of marketing people. But what if Professor Levitt had chosen to say this: "Product satisfaction arises less from inherent construction and performance than from consumers' internalised perceptions of personal utility." (Doesn't improve with repetition, does it?)
Whether from their research companies or their communications agencies, marketing companies today are unanimous in demanding insights. There seems to be no universal agreement on what an insight is but a reasonable definition would seem to be something like this: "A new understanding, probably of human behaviour or attitude, as a result of which action may be taken and an enterprise more efficiently conducted."
The call for insights is natural. To return to Levitt's dictum, marketing companies don't want research; they want enlightenment. Conventional market research, professionally conducted, can paint an invaluable picture of the immediate past; but companies also need help in forging their futures. That's what lies behind the demand for insights - but not all insights are equal. They come in two very different styles and with very different values. There are low-potency insights and there are high-potency insights. "Product satisfaction arises less from inherent construction and performance than from consumers' internalised perceptions of personal utility" is a low-potency insight. "People don't want quarter-inch drills. They want quarter-inch holes" is a high-potency insight.
Read the full article here, and find out why an insight is like a refrigerator, http://www.wpp.com/WPP/Marketing/Articles/whyisagoodinsightlikearefrigerator.htm
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