Unveiling the Multifaceted Moderator: Navigating Qualitative Research

In our previous blog post, we explored a different approach to thinking about the definition of “interviewer” versus ‘”moderator.” Now, let’s delve deeper into the role of the “moderator” and why they are indispensable, especially from a client’s perspective.

Moderators, as defined in our last blog, assume a broad role that goes beyond asking questions and eliciting responses as dictated by a script or guide.

Indeed, moderating requires a multifaceted skillset.

So when your research requires looking for in-depth insights — the why behind what — you need someone who knows when to ask questions that aren’t on the script, and how to dig deeper for answers buried beneath the obvious. In other words: a moderator. And not just any moderator. To be truly effective, moderators must be part business advisor, part market insights generator, part psychologist. You can add brand guru and circus ringmaster to that list, as well. Let’s take a closer look at these roles, and why each one is necessary to maximize the value of your research.

Business Advisor Who Gets Your Industry

In addition to understanding the art of asking questions, a moderator should understand the client’s industry, market dynamics, and business objectives. Ideally, your moderator will have first-hand, in-the-trenches industry experience they can call on. Need someone who can talk confidently about molecular biology with a focus group of physicians? Make sure your moderator speaks the language. Along with industry-specific knowledge, it helps to have a moderator with enough business acumen to translate research outcomes into actionable strategies.

Market Insights Generator Ready to Dig Deep

More than reading questions off a script, a skilled moderator uncovers rich market insights in the answers they elicit. To do this, they employ a multitude of techniques to stimulate discussion, encourage participants to share their perspectives, and excavate insight beyond surface-level responses. They help reveal unspoken thoughts, emotions, and motivations, providing a holistic understanding of the target audience that powers better business decisions.

Psychologist and Empathetic Listener

Understanding human behavior and motivations is a core aspect of moderating. Moderators need to create a comfortable and non-judgmental environment where participants feel encouraged to express their thoughts and emotions openly. That requires having active listening skills and empathy, as well as a toolkit of psychological techniques that enable them to connect with participants and delve into their underlying attitudes and beliefs.

Brand Guru in the Room

Moderators need to have a deep understanding of the client’s brand, its values, and its positioning in the market — as well as a familiarity with the importance of branding in general. This brand fluency enables them to steer discussions towards brand-related topics and explore participants’ perceptions, associations, and experiences with the brand. This additionally allows moderators to identify gaps, strengths, and opportunities to strengthen the brand’s positioning.

Circus Ringmaster and Focus-Group Tamer

You thought we were joking about this one? Have you ever seen a focus group? A moderator worth her title knows how to facilitate and manage the complex group dynamics that, when unguided, can quickly derail focus group discussions. Moderators ensure that everyone has a chance to contribute (including that shy person in the corner), manage the group’s time effectively, and steer the conversation towards the research objectives. They also navigate potential conflicts and dominant participants while creating an atmosphere conducive to open and respectful dialogue. All that’s missing is the top hat and bullhorn.

The Moderator You’ve Been Missing

If you’ve been less than thrilled with the outcomes and insights generated from your qualitative research studies, the missing piece may very well be the moderator — or lack thereof. A moderator who has the freedom, skills, and experience to assume multiple roles beyond question-asker and answer-taker will seek out, find, and extrapolate the truly valuable insight you need to make decisions and move forward.

Can we add quick-change artist to our list? A truly skilled qualitative researcher will know when and how to switch between being a moderator and an interviewer to achieve research objectives and help move your business forward. If you’d like to dive deeper into the role of a moderator versus an interviewer and which one best meets the needs of your research study, don’t hesitate to reach out to us. We love answering questions as much as asking them.

And keep a look out for our next blog post, in which we scrutinize one of moderators’ most vexing tools: the discussion guide.

Reimagining Discussion Guides in Qualitative Research: A Path to Deeper Insights

In our previous blogs, we explored the roles of “interviewers” and “moderators” in qualitative research, shedding light on their subtle but profound distinctions. Building on that foundation, let’s delve into an intriguing aspect of qualitative research: discussion guides. Are they a blessing or a curse? Well, that’s a question we’ll navigate together.

Discussion guides are often seen as essential tools to steer interviews or focus group conversations. They aim to provide structure and ensure researchers cover all the necessary topics. In theory, they’re fantastic. In practice, they can sometimes be a double-edged sword. Here’s why.

Too often, discussion guides are treated as rigid scripts, akin to structured surveys, particularly in studies that require more of an “interviewer” approach, where predefined questions are asked to gather specific information or opinions. This rigidity can hinder the natural flow of conversation between moderators and participants, preventing us from capturing the nuanced responses that are the essence of qualitative research.

The Discussion Guide, Redefined

So, does this mean we should toss discussion guides out the window and rely on spontaneity? Not quite. Instead, let’s consider a subtle shift in how we perceive discussion guides. What if we viewed them as flexible tools that guide rather than dictate conversations? What if they were references that provided guardrails to prevent veering too far off course while allowing for organic discussions?

In more exploratory studies, discussion guides can take on a different form as “topic outlines,” something that conveys the fluid nature of the moderated conversation. This shift allows for a dynamic and adaptable approach, where the guide acts as a reference point rather than a strict script.

Imagine empowering moderators to utilize their active listening skills, intuition, and adaptability to create an environment where participants express themselves freely. This shift can enhance the authenticity and richness of qualitative research, keeping it true to its core purpose: to uncover meaningful insights.

Moreover, what if we shifted our focus from meticulously crafting discussion guides to truly understanding research objectives? Rather than obsessing over what we ask, let’s emphasize why we ask it. This shift could lead to a more personalized, adaptive, and fruitful approach to qualitative research, yielding:

1. Better Goal Alignment: A deep understanding of research objectives empowers moderators to adapt their questioning techniques, delve deeper into relevant areas, and have more targeted and insightful discussions.

2. Improved Participant Engagement: With a strong grasp of research objectives, moderators can connect better with participants, creating an environment conducive to open and honest dialogue.

3. Contextualized Analysis: Moderators who understand research objectives can effectively synthesize information, identify key patterns, themes, and insights that align with research goals, resulting in more valuable outcomes.

The question now becomes: how do we make this shift from focusing on the discussion guide to fully understanding research goals? It’s simpler than you might think, and it involves a three-step process:

1. Clearly Define Research Objectives: Start by establishing well-defined research objectives in collaboration with the client. This crucial first step ensures that both parties are aligned on the purpose and desired outcomes, providing added guidance for the moderator as they structure the research and facilitate more focused and meaningful discussions.

2. Create a Research Outline: Instead of providing a rigid, script-like, full-scale discussion guide, outline the main research components or themes to be covered during the discussions. This approach offers a loose structure that guides the moderator while allowing for flexibility, exploration, and unexpected insights as the conversation naturally evolves.

3. Pretest Interviews: Consider including three to four pretest interviews to give clients a better understanding of how the moderator will conduct the actual research. This can help manage expectations and create trust by demonstrating the moderator’s understanding of the research objectives, interviewing style, and ability to adapt on-the-fly.
By embracing this approach, you pave the way for more personalized, adaptive, and fruitful qualitative research, leading to a deeper understanding of the subject matter and more valuable outcomes.

Overcoming Trust Issues

There’s another reason clients can be reluctant to relinquish control of the discussions guide: trust issues. As experienced as a moderator may be in leading discussions, they don’t always have a deep understanding of the topic that’s being discussed — especially if that topic is highly technical, complex, or specialized. In these cases, clients may feel the need to dictate the tone and language of the discussion guide — down to the last word and punctuation mark.

This is completely understandable, especially in a new and untested relationship. By maintaining tight control over the discussion guide and using it more like a script, clients can compensate for a moderators’ lack of knowledge about the topic being discussed. But again, this can end up stifling the conversation and impeding quality insight.

Letting go of this control is an exercise in trust on the part of the client. Partnering with a moderator and research team that bring a high level of understanding, ideally gleaned from first-hand experience, of the topic can help clients feel more comfortable with releasing the reins. Pretesting interviews (step three above) can also be an effective tool in building that trust.

Let Moderators Moderate

Ultimately, as researchers we should strive for that balance between providing structure and allowing for natural conversation within the research process. By recognizing the discussion guide as a flexible tool rather than a strict must-follow script, we can leverage its benefits while preserving the value of organic qualitative research.

This approach gives moderators the ability to be more attentive and responsive to the dynamics of the discussion, enabling them to probe deeper into relevant areas and follow interesting tangents that emerge naturally during the conversation. In other words, to become better moderators. And that leads to better insights.

Finding the path to sell a commoditized product

Commodity products are particularly difficult to make appealing.

Examples are everywhere – there’s only so much you can do to differentiate a paper towel. And it’s even more difficult to turn a commoditized service or product into an appealing tool in the B2B world.
In this case study, we explore how we used a unique mix of expertise, client consultation, and digging deep with research to find a path to help insurance professionals see beyond price for a commodity Term Life product.

 

Our Fortune 500 Life Insurance client came to us with a conundrum:
Their Term Life product was especially hard to sell. Our client’s Term Life Insurance product carried a higher price and slightly lower commission than others.
They needed to find a way to make it appealing for Brokerage General Agency (BGA) and Insurance Marketing Organization (IMO) financial professionals. They knew this was a challenging business request, principally because the Term Life insurance marketplace is driven by price.
How do you garner interest from BGAs and IGOs in selling an undifferentiated commodity? What matters beyond price?

 

Our job:
Understand if and how this Term Life product, despite its higher price and lower commission structure, could have producer appeal.

So, we started with the basics – the landscape of the sales environment for BGAs and IMOs. What are the core decision making criteria for all products they carry? What are specific components of the product-selling experience that had the greatest impact on choice and promotion? We explored underwriting, ease of doing business, advanced sales support, and client confidence in the insurance brand itself.
By taking this approach, we identified the specific BGA and IMO producer profile that would be interested in presenting and promoting this product.

 

What we learned was an ah-ha for the client:
Term Life Insurance is not completely price dependent if it’s being presented and sold as part of a long-term client relationship.   

When a long-term relationship is at stake, the product is part of a value-added portfolio. In this case, it’s not just a stand-alone product. It’s an important component of a long-term financial plan and strategy. Then we tied it to our client’s specific Term Life product and found the features of this premium product did, indeed, provide for long-term financial planning to take place.
The re-positioning of Term Life insurance from “commodity” to “value-added financial vehicle” allowed respondents to accept the possibility of a higher price.

 

But that was not all.
We identified the target segment.

The BGA and IMO producers who will be most likely to embrace this premium Term Life insurance product are those who have a long-term life and financial planning relationship with their clients. These are producers who provide investment strategies. They don’t sell products.  They aren’t in it for a sale.
This target segment is in it to build a mutually successful long-term relationship with their clients.

 

This research helped our clients see how their product did have a place in the market, despite its start as a “no” for BGAs and IMOs.

We counseled them to adjust the thinking and strategy behind this product to focus on presenting it as part of a more holistic financial relationship. Our client undertook follow-up research with the target segment to gain a deeper understanding of how to position this Term Life insurance product. We were asked to lead this follow-up study.
We helped them find the path to success.

Thinkpiece Certified by the Women’s Business Enterprise National Council

Thinkpiece, a business specializing in B2B qualitative market research, is proud to announce national certification as a Women’s Business Enterprise by the Women’s Business Development Center – Midwest, a regional certifying partner of the Women’s Business Enterprise National Council (WBENC). WBENC Certification is the gold standard for women-owned business certification in the United States.

“I look around our industry, and while many amazing market researchers are women, I see few in the C-suite of MR companies. We need representation, affiliation, and solidarity. It’s my hope that our certification and success will inspire a wave of women researchers to start their own company if they have it in their hearts.

I’m excited for the future of Thinkpiece and know that this certification will open doors and connections to help us achieve our audacious goals.” – Bonnie Dibling, Founder and CEO

The WBENC standard of certification implemented by the Women’s Business Development Center – Midwest is a meticulous process, including an in-depth review of the business and a site inspection. The certification process is designed to confirm the business is at least 51% owned, operated, and controlled by a woman or women, and that the business has appropriate structure and strategic business planning and implementation in place.

By including women-owned businesses among their suppliers, corporations and government agencies demonstrate their commitment to fostering diversity and the continued development of their supplier diversity programs, which in turn empowers women as leaders and brings about a more diverse, balanced, and sustainable economy.

WBENC Certification combined with professional development and engagement in the WBENC network provides unsurpassed opportunities year-round, both virtually and in-person, for women-owned businesses to grow and expand their business and innovation through events, programming and connections with major corporations and other WBEs.

To learn more about Thinkpiece, please visit thinkpiece.com.

 

About Thinkpiece:

In the editorial world, a think piece refers to an in-depth analytical article with a forceful point of view – written to inspire and provoke thought and discussion that delves beneath the surface.

Thinkpiece builds on this concept and applies it with a focused lens to the world of B2B qualitative market research. More than simply serving up raw research for our clients to decipher, we reveal the deeper meaning hidden beneath the surface.

With moderators who came from the industries we serve, we bring an ‘insider” point of view that doesn’t shy away from complexity. And with analysts who are experts in human behavior and relationships, we add context that illuminates connection. We dive relentlessly into the research, exploring and interpreting it from every angle and multiple perspectives: as industry peers, research experts, and insatiable learners.

We take apart the research, examining each piece on its own without bias, then we put the pieces back together to reveal the whole picture that tells a cohesive story. Ultimately, we challenge our clients to think deeply and differently about their products, services, and audiences. We provoke new ideas and innovations. And we provide the insight to power better business decisions that better the world.

 

About WBENC:

Founded in 1997, WBENC is the nation’s leader in women’s business development and the leading third-party certifier of businesses owned and operated by women, with more than 18,000 certified Women’s Business Enterprises, 14 national Regional Partner Organizations, and more than 500 Corporate Members, most of which are Fortune 500. Thousands of corporations representing America’s most prestigious brands, as well as many states, cities, and other entities, look for and accept WBENC Certification. Through the Women Owned initiative, WBENC also is a leader in supporting consumer-oriented female entrepreneurs and those who do business with them by raising awareness for why, where and how to buy Women Owned. For more information, visit www.wbenc.org and www.buywomenowned.com.

 

 

Working Together in a True Partnership Allowed Us to Uncover and Articulate the Core Motivating Factors of an Agent and Broker Relationship

 

Financial Services

A leading property casualty and insurance company trusted our insight and experience to help them uncover what makes a lasting, positive agent and broker experience. Our industry experience allowed us to have deeper, more meaningful conversations and dialogue throughout the process, which in turn, created a trust-based partnership. Having that partnership allowed us to make adjustments in real-time to uncover the core motivators.

 

Understand.

A leading Property & Casualty Insurance Company wanted to deliver a differentiated experience for its agent/broker partners. The business goal was to deliver an experience that would have a lasting impact on securing higher levels of business placement and retention. Our research goal was to understand what that optimal experience looked like.

 

Design.

In advance of this study our client undertook an extensive internal touchpoint mapping exercise. Internal stakeholders helped create a multi-phased linear map that articulated assumed needs and preferences at each phase of the map. Our initial charge was to use the touchpoint map as a reference to guide our discussions. We also had the charge to be as inclusive and broad as possible during our discussions. All told, we talked, in-person, with nearly 150 brokerage owners, sales agents, and support reps. We talked with those who represent both large and medium brokerages in 6 markets nationally. Our reach was truly representative of our audience.

 

Execute.

What became obvious during our initial discussions with agents is that they see their carrier interaction differently than the linear touchpoint map that was developed as our guide. For agents, relationship and engagement is not a defined stage; rather, it is the field on which all interaction takes place. Using this foundational insight as our new guide–and with the full support of our client–we incorporated a model that continually modified and adjusted our discussion approach based on the insights we gained. At the heart of our revised approach was the recognition that we were now focused on customer journey, not touchpoint mapping.

 

Analyze & Advise.

The core insight that guided our recommendations is that Underwriters are the face of a carrier. Their efforts strongly shape agent perceptions and are the key to agent placement, retention, and growth. When agents feel underwriters are not in partnership with them, the entire relationship can turn adversarial. Ultimately, our recommendation on how to deliver a superior underwriting experience served as the basis for our client’s development of a differentiated brand experience.

Knowing When to Pivot During the Course of an Interview Allowed our Financial Services Industry Veterans to Uncover Influential Target Audiences

 

Financial Services

Knowing the industry and being able to pivot and probe in real-time allowed us to make important changes during the research. We were able to more effectively test, inform and refine ideas conceived of in a conference room so they reflected the real-world of not only marketing and selling software products but of building partnerships with new customers.

 

Understand.

A major financial services company wanted a deeper understanding of who their potential target audience would be for a new software product. They needed to understand their pain points, needs and what their decision-making process looks like. The client needed a partner to be able to see beyond the standard purchase journey research. They were looking for a partner that would translate their needs to a new audience.

 

Design.

This research was designed to be flexible and responsive to what we heard as the project unfolded. By leveraging our relationship with the recruiter, through regular communications with the client, and because of our commitment to having conversations versus typical interviews, we were able to find the purchase influencers. Once the audience was defined, we were able to dig deeper to reveal the influence model and the specifics of the software purchase process.

 

Execute.

Our intentionally iterative approach tested the client’s initial presumptions while refining and focusing both the recruiting and probing to get a complete and accurate picture. Specifically, an early pivot in recruiting directed the research to a particular role in the purchase process – the key influencer who is trusted and tasked by all sides to collate the information and make specific software purchase recommendations.

 

Analyze & Advise.

In the end, we delivered the client’s two must-haves – a detailed software purchase journey and specific personas for their target audience. More than that, however, our commitment to seeing beyond the nuts and bolts of standard purchase journeys revealed insights into meaningful ways to engage their customers in a partnership – ways to build marketing strategies for the long term.

Anonymity Creates Safe Space for Discussing Non-Traditional Lending Experiences

 

Financial Services

Kip Brown combined his curiosity of human motivation with his financial services experience to fully interpret what small business owners think about non-traditional lending options and what a government agency can do to make the lending experience a more positive one.

 

Understand.

A governmental agency had an interest in understanding the financial policies and practices that promote or impede access to credit for small businesses. Of particular interest was a desire to explore small business owners’ understanding and consideration of emerging, non-traditional lending sources. At the heart of this study was the need to intimately understand the unique stresses and problems associated with small business owners’ ability to access credit, and how these challenges impact motivation, preference and choice, especially around non-traditional (online) lending sources.

 

Design.

With over 30 million small businesses in the US, this study required that we talk with a broad and diverse group of small business owners. We also needed to conduct this research within a methodology that allowed for interactivity as well as confidentiality. And, given these business owners’ varied schedules and hours, we needed to provide for as much participation flexibility as possible. To accomplish all of these needs, we recommended the use of online bulletin boards. The boards were segmented by current non-traditional online lending use to give us an in-depth understanding of how participants’ use and experience influenced their perceptions and consideration.

 

Execute.

Using our knowledge of the category and the small business segment, we created an open and engaging participation experience for our panel. The online bulletin board platform offered multiple levels of interaction; the Moderator was able to point participants to online resources and offer opportunities for both breakout groups and individual discussions. The synergy it created was very similar to the synergy created in face-to-face focus groups with the added advantage that owners felt safe to openly discuss sensitive personal and business information based on the anonymity the platform provided.

 

Analyze & Advise.

The research helped clarify the reality that non-traditional lending options are both seductive and confusing. This duality, combined with a clearly articulated concern by owners that non-traditional lending options may be less secure than traditional options, gave rise to a series of recommendations that focused on creating higher levels of lender consistency around security, disclosure, and terminology. The end result was a high level of confidence among our client’s stakeholders that user needs had been heard and changes could be made to positively impact the lending experience for small business owners.

What is SWIFT? A Primer for Non-Finance Folk

The Russian invasion of Ukraine has been met with sanctions from the West, including exclusion of select Russian banks from the SWIFT financial messaging system. But the concept of SWIFT is unfamiliar to most, and many more know it only at the highest level. As the news in Ukraine continues to unfold, here’s what you need to know about SWIFT, and why it matters.

What is SWIFT?

SWIFT is the Belgian-based Society for Worldwide Interbank Financial Telecommunication. In the simplest terms, it’s the telecommunication system financial institutions around the world use to communicate with one another. Each financial institution has a code that transmits along with the transactional information to create a fast, secure connection anywhere in the world. In short, it’s a big part of what makes moving money around the globe happen.

SWIFT is for any international financial transaction. Banks, brokerages, clearing houses, asset managers, corporate treasurers, and more all use SWIFT. SWIFT is not a financial institution itself – it is the communication mechanism on which the thousands of financial institutions relies.

What is the impact of removing Russian banks?

Without SWIFT, transactions are slower and more manual. The inability to use SWIFT means financial transactions become more expensive.

But the excluded Russian banks could also move to an alternative system. SWIFT is the dominant player, but not the only one. In fact, China has its own system, called Cross-Border International Payments System (CIPS), and will likely generate new business from Russia because of the actions to revoke access to SWIFT. This could bifurcate global banking as some nations will favor CIPS and some will favor SWIFT. How that resolves is anyone’s guess.

For now, it means everything will get a little more expensive.

What does this mean to US financial institutions?

From a risk management perspective, banks must consider financial risk but also reputational risk in how they not only act, but in how they message their actions to their customers. It’s imperative financial institutions monitor the pulse of their consumers and assess the reputational impact of their overall decisions on consumer perspective. Time to ask your customers what they think, how they feel, and what they expect from their financial institutions in this time of financial war.

Do you have more questions?

I’m happy to discuss! Feel free to reach out to me at steve.mosshamer@thinkpiecepartners.com.

There are also great resources to read more about the topic:

https://www.swift.com

https://www.cips.com.cn/en/index/index.html

https://www.investopedia.com/articles/personal-finance/050515/how-swift-system-works.asp

https://www.businessinsider.in/finance/banks/news/what-is-swift-how-does-it-work-why-is-it-important-and-how-nations-are-using-it-to-punish-russia/articleshow/89886091.cms

https://www.nytimes.com/2022/02/26/us/politics/eu-us-swift-russia.html

Small Business Stress

 

Financial Services
Kip Brown combined his curiosity of human motivation with his financial services experience to fully interpret what small business owners think about non-traditional lending options and what a government agency can do to make the lending experience a more positive one.

 

Understand.

A governmental agency had an interest in understanding the financial policies and practices that promote or impede access to credit for small businesses. Of particular interest was a desire to explore small business owners’ understanding and consideration of emerging, non-traditional lending sources. At the heart of this study was the need to intimately understand the unique stresses and problems associated with small business owners’ ability to access credit, and how these challenges impact motivation, preference and choice, especially around non-traditional (online) lending sources.

 

Design.

With over 30 million small businesses in the US, this study required that we talk with a broad and diverse group of small business owners.  We also needed to conduct this research within a methodology that allowed for interactivity as well as confidentiality. And, given these business owners’ varied schedules and hours, we needed to provide for as much participation flexibility as possible. To accomplish all of these needs, we recommended the use of online bulletin boards. The boards were segmented by current non-traditional online lending use to give us an in-depth understanding of how participants’ use and experience influenced their perceptions and consideration.

 

Execute.

Using our knowledge of the category and the small business segment, we created an open and engaging participation experience for our panel. The online bulletin board platform offered multiple levels of interaction; the Moderator was able to point participants to online resources and offer opportunities for both breakout groups and individual discussions. The synergy it created was very similar to the synergy created in face-to-face focus groups with the added advantage that owners felt safe to openly discuss sensitive personal and business information based on the anonymity the platform provided.

 

Analyze & Advise.

The research helped clarify the reality that non-traditional lending options are both seductive and confusing. This duality, combined with a clearly articulated concern by owners that non-traditional lending options may be less secure than traditional options, gave rise to a series of recommendations that focused on creating higher levels of lender consistency around security, disclosure, and terminology. The end result was a high level of confidence among our client’s stakeholders that user needs had been heard and changes could be made to positively impact the lending experience for small business owners.

 

Find us at Forum 2022

Connect with the Thinkpiece finance team at the Financial Brand Forum 2022, hosted at the Aria in Los Vegas, November 13- 16. Let’s talk all things finance, and explore your research needs. Enter to win a fantastic give-away when you stop by our booth #953 to take a quick survey on finance research. We’ll also send you a copy of our report on survey findings at the end of the show.