Imperfect Foundations

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Presentation transcript:

Imperfect Foundations Secondary Market Research Perspectives & Resources Radius - Slingshot Mark Bodnar mbodnar@sfu.ca

Context vs.

Context vs.

Context vs.

Secondary research

Secondary research Therefore… Don’t expect perfection (but seek it!) Ask good questions Evaluate everything Build the best foundation you can, and… be ready to defend it

Secondary research Why? Why research at all? Isn’t your “gut feeling” enough? Why do secondary research instead of primary if secondary is flawed by definition?

Good questions Mark’s SalmAppleTM Customers Competitors Environment

Good questions Your turn List some secondary research questions about your initiative. If it helps, try to think in terms of the categories below. Customers Competitors Environment

Good questions Your turn If answers to those questions aren’t available, how flexible can you be? Can you make use of older information on similar topics and from similar regions? Geography Topic Time

Publishers

fish consumption in Canada? Publishers Mark’s SalmAppleTM Which publisher types might have statistics on… fish consumption in Canada? Why?

Publishers Your turn Which publisher types seem most likely to have the answers to the questions you listed earlier? Do your questions seem… newsworthy?

Layers Euromonitor: 128M wearables will be sold in 2017 Gartner: Big name analysis Below + analysis Aggregated information + gaps filled with primary research Aggregated and incomplete information Dispersed and incomplete information Euromonitor: 128M wearables will be sold in 2017 (Oct. 5, 2017) Gartner: 310M wearables will be sold in 2017 (Aug. 24, 2017)

Sources - free Small Business Accelerators via UBC sba.ubc.ca Vancouver Public Library Business & Careers Resources Link via: www.vpl.ca/digitallibrary Private research firms: Social media Blog post via:

Sources – SFU Library Guest access in any SFU Library branch: bit.ly/sfu-guest Statista: Vividata:

Sources – SFU Library IBISWorld: Factiva: Business Source Complete:

Sources – SFU Library SimplyAnalytics: Frost & Sullivan: More? bit.ly/sfubuslib-guides

Recap Secondary research Brainstorm questions then add flexibility and brainstorm some more Predict publishers “Who cares?” & “Why?” Be open to the value of imperfect information Build a foundation for your estimates

Next steps Discussion of individual needs? Deeper exploration of resources? More time on your Question-Publisher worksheets? Go home for a nap?

Questions? Radius - Slingshot Mark Bodnar mbodnar@sfu.ca