KPI Library
Navigate your organization to excellence with 17,288 KPIs at your fingertips.




Why use the KPI Library?

Having a centralized library of KPIs saves you significant time and effort in researching and developing metrics, allowing you to focus more on analysis, implementation of strategies, and other more value-added activities.

This vast range of KPIs across various industries and functions offers the flexibility to tailor Performance Management and Measurement to the unique aspects of your organization, ensuring more precise monitoring and management.

Each KPI in the KPI Library includes 12 attributes:

  • KPI definition
  • Potential business insights [?]
  • Measurement approach/process [?]
  • Standard formula [?]
  • Trend analysis [?]
  • Diagnostic questions [?]
  • Actionable tips [?]
  • Visualization suggestions [?]
  • Risk warnings [?]
  • Tools & technologies [?]
  • Integration points [?]
  • Change impact [?]
It is designed to enhance Strategic Decision Making and Performance Management for executives and business leaders. Our KPI Library serves as a resource for identifying, understanding, and maintaining relevant competitive performance metrics.

Need KPIs for a function not listed? Email us at support@flevy.com.


We have 54 KPIs on Market Research in our database. KPIs are crucial for market research within corporate marketing as they provide measurable indicators of performance against strategic objectives. By tracking specific metrics, such as customer acquisition cost, market share, or brand awareness, companies can assess the effectiveness of their marketing campaigns and strategies.

KPIs enable marketers to make data-driven decisions, optimizing marketing spend by investing in channels and tactics that yield the best return on investment. By continuously monitoring these indicators, organizations can identify trends, anticipate market changes, and adjust their approaches in a timely manner. Furthermore, KPIs facilitate clear communication of marketing performance across different levels of the organization, aligning teams and stakeholders around common goals and fostering a culture of accountability and continuous improvement.

  Navigate your organization to excellence with 17,288 KPIs at your fingertips.
$189/year
KPI Definition Business Insights [?] Measurement Approach Standard Formula
Average Transaction Value (ATV)

More Details

The average amount of money spent by customers in a transaction, showing the value of sales. Provides insight into consumer spending behavior and helps assess the effectiveness of pricing strategies and promotions. Considers the total revenue generated divided by the number of transactions over a specific period. Total Revenue / Total Number of Transactions
Bounce Rate

More Details

The percentage of visitors who navigate away from a site after viewing only one page, indicating possible issues with site content or user experience. Indicates the relevance and engagement of content on the landing page to the visitor; a high bounce rate suggests content may not be meeting user expectations. Measures the percentage of visitors who navigate away from the site after viewing only one page. (Number of Single-Page Visits / Total Entries to a Page) * 100
Brand Advocacy Rate

More Details

The percentage of customers who actively promote a brand to friends and family, which can be an indicator of customer satisfaction and loyalty. Provides insights into customer loyalty and satisfaction; a high advocacy rate is often associated with positive word-of-mouth marketing. Considers the percentage of customers who are actively recommending the brand to others. (Number of Advocates / Total Number of Customers) * 100
KPI Library
$189/year

Navigate your organization to excellence with 17,288 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 54 KPIs under Market Research
  • 17,288 total KPIs (and growing)
  • 360 total KPI groups
  • 107 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.

Brand Awareness

More Details

How well the company's brand is known and recognized by consumers. It helps to identify how well the company is doing in building its brand. Helps to understand how well the brand is recognized in the market, which can inform marketing strategies and brand positioning. Looks at the extent to which consumers are familiar with the brand. Percentage of Target Market who Recognize the Brand
Brand Equity

More Details

The value a brand adds to a product or service, which can be assessed through consumer perception and financial performance. Reflects the value that a brand adds to the company, informing decisions on marketing investment and brand management. Considers a mix of brand awareness, customer perceptions, loyalty, and other factors influencing a brand's strength. No single standard formula; assessed through various metrics such as brand valuation, market surveys, and financial performance
Brand Recall

More Details

The ability of consumers to remember a brand without any visual or auditory prompts, indicating brand strength and memorability. Indicates the effectiveness of marketing and the likelihood of a brand being top-of-mind in purchasing decisions. Measures the ability of consumers to remember a brand without any visual or auditory prompts. Percentage of Participants who Recall a Brand Unaided

Types of Market Research KPIs

KPIs for managing Market Research can be categorized into various KPI types.

Awareness KPIs

Awareness KPIs measure how well your organization is known within its target market. They gauge the effectiveness of marketing efforts in increasing brand recognition. When selecting these KPIs, consider the reach and frequency of your campaigns, as well as the channels used. Examples include Brand Recall and Brand Recognition.

Engagement KPIs

Engagement KPIs assess the level of interaction between your target audience and your brand. These metrics help determine how effectively your content resonates with your audience. Prioritize KPIs that align with your engagement goals, such as social media interactions or website activity. Examples include Social Media Likes, Shares, and Comments.

Conversion KPIs

Conversion KPIs measure the effectiveness of your marketing efforts in turning prospects into customers. These metrics are crucial for understanding the ROI of your campaigns. Focus on KPIs that track the customer journey from initial interest to final purchase. Examples include Conversion Rate and Cost Per Acquisition (CPA).

Customer Satisfaction KPIs

Customer Satisfaction KPIs evaluate how happy your customers are with your products or services. These metrics are vital for long-term customer retention and loyalty. Choose KPIs that provide actionable insights into customer experiences and areas for improvement. Examples include Net Promoter Score (NPS) and Customer Satisfaction Score (CSAT).

Market Penetration KPIs

Market Penetration KPIs measure the extent to which your product or service has captured its target market. These metrics help assess market share and growth potential. Select KPIs that reflect both current market position and future opportunities. Examples include Market Share and Sales Growth Rate.

Competitive Analysis KPIs

Competitive Analysis KPIs provide insights into your organization's position relative to competitors. These metrics help identify strengths, weaknesses, and market opportunities. Focus on KPIs that offer a comprehensive view of the competitive landscape. Examples include Share of Voice and Competitive Benchmarking.

Acquiring and Analyzing Market Research KPI Data

Organizations typically rely on a mix of internal and external sources to gather data for Market Research KPIs. Internal data sources include CRM systems, sales data, and customer feedback platforms, which provide valuable insights into customer behavior and satisfaction. External data sources can be obtained from market research firms like Gartner and Forrester, which offer industry benchmarks and competitive analysis.

Once the data is acquired, the next step is to analyze it effectively. Advanced analytics tools like Tableau and Power BI can help visualize complex data sets, making it easier to identify trends and patterns. According to a McKinsey report, organizations that leverage advanced analytics are 23% more likely to outperform their competitors in terms of profitability. Data analysis should focus on identifying key drivers of performance and areas for improvement.

It's crucial to ensure data accuracy and reliability. Cross-referencing data from multiple sources can help validate findings and provide a more comprehensive view. For instance, combining social media analytics with customer survey data can offer deeper insights into brand perception and customer satisfaction. A Deloitte study found that organizations using integrated data sources saw a 15% increase in decision-making speed.

Finally, presenting the analyzed data in a clear and actionable format is essential for executive decision-making. Dashboards and reports should highlight key KPIs and provide context for their performance. Regularly updating these reports ensures that the organization stays agile and responsive to market changes. According to Bain & Company, organizations that frequently update their KPI dashboards are 30% more likely to achieve their strategic goals.

KPI Library
$189/year

Navigate your organization to excellence with 17,288 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 54 KPIs under Market Research
  • 17,288 total KPIs (and growing)
  • 360 total KPI groups
  • 107 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.

FAQs on Market Research KPIs

What are the most important KPIs for measuring market research effectiveness?

The most important KPIs for measuring market research effectiveness include Brand Awareness, Customer Satisfaction, Market Penetration, and Competitive Analysis. These KPIs provide a comprehensive view of how well your market research efforts are performing.

How can I track brand awareness effectively?

Tracking brand awareness can be done through surveys, social media analytics, and web traffic analysis. Tools like Google Analytics and social listening platforms can provide valuable insights into how well your brand is recognized.

What KPIs should I use to measure customer engagement?

To measure customer engagement, consider KPIs such as Social Media Interactions, Website Visits, and Time Spent on Site. These metrics help gauge how effectively your content resonates with your audience.

How do I measure the ROI of my market research efforts?

Measure the ROI of market research efforts by tracking Conversion Rate, Cost Per Acquisition (CPA), and Customer Lifetime Value (CLV). These KPIs help determine the financial impact of your market research initiatives.

What data sources are best for competitive analysis KPIs?

The best data sources for competitive analysis KPIs include industry reports from firms like Gartner and Forrester, as well as competitive benchmarking tools. These sources provide valuable insights into your market position relative to competitors.

How often should I update my market research KPIs?

Market research KPIs should be updated regularly, ideally on a monthly or quarterly basis. Frequent updates ensure that your organization stays agile and responsive to market changes.

What tools can help in analyzing market research KPIs?

Tools like Tableau, Power BI, and Google Analytics are excellent for analyzing market research KPIs. These platforms offer advanced analytics and visualization capabilities, making it easier to identify trends and patterns.

How can I ensure the accuracy of my market research data?

Ensure the accuracy of your market research data by cross-referencing multiple data sources and using reliable data collection methods. Regularly validating and cleaning your data can also help maintain its integrity.

KPI Library
$189/year

Navigate your organization to excellence with 17,288 KPIs at your fingertips.


Subscribe to the KPI Library

CORE BENEFITS

  • 54 KPIs under Market Research
  • 17,288 total KPIs (and growing)
  • 360 total KPI groups
  • 107 industry-specific KPI groups
  • 12 attributes per KPI
  • Full access (no viewing limits or restrictions)

FlevyPro and Stream subscribers also receive access to the KPI Library. You can login to Flevy here.




Related Resources on the Flevy Marketplace




Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
AT&T GE Cisco Intel IBM Coke Dell Toyota HP Nike Samsung Microsoft Astrazeneca JP Morgan KPMG Walgreens Walmart 3M Kaiser Oracle SAP Google E&Y Volvo Bosch Merck Fedex Shell Amgen Eli Lilly Roche AIG Abbott Amazon PwC T-Mobile Broadcom Bayer Pearson Titleist ConEd Pfizer NTT Data Schwab


Download our FREE Complete Guides to KPIs

This is a set of 4 detailed whitepapers on KPI master. These guides delve into over 250+ essential KPIs that drive organizational success in Strategy, Human Resources, Innovation, and Supply Chain. Each whitepaper also includes specific case studies and success stories to add in KPI understanding and implementation.