MSE 405: MARKET RESEARCH SKILLS & RESOURCES JUNE 8, 2015 ANIA DYMARZ

WHAT’S THE DIFFERENCE academic researchmarket research

BUSINESS INFORMATION Big name analysis Below + analysis Aggregated information + gaps filled with primary research Aggregated and incomplete information Dispersed and incomplete information $$$

BUSINESS INFO - ISSUES $$$ analysis + analysis + primary research Aggregated Dispersed Varying definitions Varying quality Gaps Issues below, plus… Methodology Issues below, plus… Expertise Experience Track record Issues below (again)

THE SALMAPPLE! = $$! Discuss with a partner: 1.Why should you be a bit cautious if I handed you a report that answered all of your questions perfectly? 2.What information do we need before we can predict demand or put together our marketing strategy? What are our questions?

THE RESEARCH PROCESS 1.Choose a research question 2.Come up with sub-questions 3.Identify likely publishers 4.Search and cycle your search 5.Write your report

STEP 2: COME UP WITH SUB-QUESTIONS ACTIVITY: With your neighbour/s brainstorm sub-questions for our market demand Customers: How much salmon and apples are people currently buying? Competition: Who else is producing enhanced apple products, what is the market share? Economic conditions: Is this a luxury product, or an economical product? Regulatory environment: Are the rules that will prevent distribution of our GMO product to certain countries or regions?

STEP 3: CONSIDER PUBLISHERS

STEP 4: TRY A FEW SEARCHES There are library research guides for this! Market Research market market International Market Research market market Company Information Industry Surveys surveys surveys

STEP 5: RETURN TO STEP 2 (REPEAT) An iterative process… always cycle back as new information creates new questions Repeat until you are confident that decisions can be made based on the information you have found.

TRIED THESE BEFORE? 1.Business Source Complete Business Source Complete 2.Passport GMIDPassport GMID 3.IBISWorldIBISWorld 4.Business Plans HandbookBusiness Plans Handbook Other cool stuff…. PMB Reports, Best Customers, SimplyMap Canada, Encyclopedia of Major Marketing Campaigns/Strategies … PMB ReportsBest Customers SimplyMap CanadaEncyclopedia of Major Marketing Campaigns/Strategies

GETTING HELP Ask a Librarian Text Phone Chat In-person