Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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 ________________

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?

Is it reliable?

Is it comparable?

Will it be difficult to make meaningful comparisons?

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.

Political characteristics and stability

.

Analysis:

Info Sources:

Government policies affecting business

Analysis:

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:

Customer profile: Wealth and ability to pay

Income level:

Disposal income: US$

Info Sources:

Analysis

Product fit with customer preferences

Analysis:

Info Sources:

Strength of demand for product service

Info Sources:

Analysis:

Competitive barriers to entry

Analysis:

Regulatory barriers to entry

Analysis:

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

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:

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:

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:

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

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

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

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:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Risk Management And Financial Institution

Authors: John C. Hull

2nd Edition

0136102956, 9780136102953

More Books

Students also viewed these Finance questions

Question

How we can improve our listening skills?

Answered: 1 week ago

Question

How do artifacts affect interaction between members of the team?

Answered: 1 week ago