The secret to identifying your product’s most relevant characteristics to be focused on in your communication strategy
Conjoint Analysis determines your product’s optimal group of characteristics
In real life, the choice of a product or service revolves around a complex mechanism based on the assessment of the various characteristics / attributes of a product or service.
In a purchase situation, consumers do not make up their minds based only on one attribute. They examine a range of characteristics or attributes and then make judgements or compromises in order to come to their final choice.
When we need to understand the importance of the various attributes of a product and the way in which they can be used in a brand’s communication strategy, we perform conjoint analysis. This method examines the choice-making process and determines the combination of attributes that will prove most satisfactory for consumers.
In Healthcare Market Research, we approach HCPs and use conjoint analysis to determine the characteristics of your product that are most likely to work in favour of its prescription. We thus help heads of Marketing decide on the best advertising message by revealing the characteristics that are of the greatest importance when it comes to choosing a product.