Question: Market Analysis and Summary. I need help with this, please provide an example and necessary explanations. EVERYWHERE references of the sources of information used Market
Market Analysis and Summary.
I need help with this, please provide an example and necessary explanations.
EVERYWHERE references of the sources of information used
| Market | Target Country: NAME ________________ |
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Evaluation and Analysis of Information Sources 5% References in all the positions: 5% On the basis of the information in this Deliverable 2, draw conclusions about market suitability for your business venture. Are you satisfied that you have enough reliable evidence to make a decision? If not, what additional information would you need? Evaluate sources of information you used for this research. | |
| Is the information available on the markets complete? What information is missing? |
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| Is it reliable? |
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| Is it comparable? |
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| Will it be difficult to make meaningful comparisons? |
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Macro-Environmental Analysis (PESTLE)5% Following information is based on research and analysis in relation to availability of the market data. | |
| Country Profile: Current market size and future growth potential |
Analysis:
Info Sources: (Use your own sources that are related to your product, country and business) E.g.
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| Political characteristics and stability | . Analysis:
Info Sources:
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| Government policies affecting business |
Analysis:
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| Commercial Infrastructure |
Analysis: |
| Physical Factors | Analysis: |
| Canadian experience in the country |
Info Source: your own sources of information, suitable for your country, product and company interests
Analysis:
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| Customer profile: Wealth and ability to pay | Income level: Disposal income: US$ Info Sources:
Analysis
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| Product fit with customer preferences | Analysis: Info Sources: |
| Strength of demand for product service |
Info Sources:
Analysis: |
| Competitive barriers to entry | Analysis:
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| Regulatory barriers to entry | Analysis:
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Macro-Environmental Analysis (Porter 5 Forces Model, 4Cs Model) 5% Using research on the country of interest use Porters 5 Forces model and the 4 Cs Model ( Clients, Cost, Communications and Convenience) to collect and analyze data for making executive decision for potential export market opportunities . | |
| Client (as related to the product) | |
| What are the customer needs and wants in relation to your product? | Analysis:
Info Source |
| What unique position does your product fill? (Price Focused VS Differentiation). How does it compare with the competitors? What is its competitive advantage?
| Analysis:
Info Source: Provide references with your sources of information
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| How would customers in target market perceive the product? | Analysis:
Answer the question, support your opinion with data, explain your findings and recommendations Info Source: Provide references with your sources of information, . |
| Consider parameters such as product variety, design, sizes, varieties, labeling and packaging as well as services and warranties when looking at client needs. | Analysis:
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| Cost (as related to the product) | |
| How would customers on each market perceive the product? Pricewise, perception map | Analysis: Info Sources: |
| Consider parameters such as product variety, design, sizes, varieties, labeling and packaging as well as services and warranties when looking at client needs. | Analysis:
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| How much would the customer pay for the product? Will the market be profitable at that price? | Price range CAD $ to $ Explain your findings Info Sources: Analysis:
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| Communication (as related to customers) | |
| How does the customer communicate? Where do they get their information from? | Analysis: answer the question Specify and support your findings |
| Are there different segments that require different methods of communication? | Analysis: answer the question
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| How would you effectively communicate the value of your product to the customer and what would cause them to engage with your firm? | Analysis: answer the question
Explain and recommend
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| Convenience (as related to place) | |
| Is there a place (channel) the customer traditionally buys the product in their country? Can this be improved or changed? |
Analysis: Answer the question, support your opinion Info Sources: Use your sources, |
| Would there be any sort of barrier that would prevent your customer from accessing your product in any of the markets? How would you overcome this? | Analysis: Answer the question, explain and support your opinion. Provide recommendations |
| Would a specialized outlet be preferable for your product, or would it be better to use multiple outlets? How would you access the required outlets? | Analysis: Answer the question, explain and support your opinion. Provide recommendations
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| What type of customer support is required? How would you provide it? | Analysis: Answer the question, explain and support your opinion. Provide recommendations |
| What coverage (e.g. number of cities or towns in the country) is required and how would you access them? | Analysis: |
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