What is lacking however are programs to better monitor competitors, understand more macro-economic and larger industry trends, and also understand how substitute technologies could potentially influence the company's direction. In short, the company's market research department excels at the short-range projects yet is either neglecting or doesn't have the resources to deal with the longer-range research areas that will also impact the company.
Each of these areas of shortcoming will next be analyzed, in addition to a series of recommendations for making the department more effective at the longer-term market research needs going unmet today.
Background
The company I work for manufactures high technology products including parts for computer equipment used in personal computers and network routing equipment used for creating local area networks. As this is a fast-changing industry the ability to monitor and capitalize on longer-term trends is critical for our company, which is an area of market research activity not addressed today.
Lack of Competitive Analysis
Despite the intensive pricing analysis completed internally and the use of competitors' pricing only for our own benchmarking, there is a lack of in-depth competitive intelligence and continual monitoring of their product,...
(as the survey is an intercept interview, the survey should not exceed more than 20 minutes, and the 15-minute interview length would be the recommended duration given that the survey is about customer satisfaction.) III. Executive Summary This document provides important information on Mercy Health System's market research plan and strategy: a mini-guide on the market research process and the research plan for the proposed Customer Satisfaction Study. The market research process
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With regard to the second article, a Magic Potion?; Wellness drinks from the Economist (2007), the lack of secondary research is so glaring as to make the claims of weight reduction from drinking the new beverage unbelievable. The entire article could have been two sentences, with the first announcing the drink and the second, that the research had not been released. Further, the investment and financial analyst quoted says he
This would significantly increase the response rate, but I would be sure the underlying aspects of the survey were correct first. Question 8: Define a hypothetical situation in which you would use an observation form in place of a questionnaire. Discuss the elements of this situation that would make it more practical for you to use the observation form. In the case of researching the development of an entirely new class of automobiles, where people often don't
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