Market research is often understood as doing a survey. This is not true as many other techniques and tools need to be used to get a comprehensive picture of the market.
We have very often published articles on market research in the past 7 years. We did a first effort to compile all this knowledge in a series of 3 articles in January 2013 (see here part 1, part 2 and part 3).
We felt the need to better visualize what market research is and created a mind mapping (with MindMeister) that will allow you to find your way in this complex matter.
On the right side of the map you’ll find the different techniques used for market research
- Desk research (see our guide part 1, part 2)
- Competition analysis
- Qualitative techniques (from preparing the interviewing guide, to doing qualitative research in different countries, through coding interviews and understanding the difference between focus groups and interviews)
- Quantitative techniques (how to get an online survey right, why satisfaction surveys fail)
- Environment analysis (the so-called PESTE analysis)
On the left side we’ve grouped topics related to market research :
- Attention points
- Costs related to doing market research
- Why market research is necessary (to decide on a store location, to avoid bankruptcy)
Each blue box corresponds to an article : just click on the arrow and you’ll find the right article for you.
This mind mapping is a work-in-progress. Bookmark this page and come back regularly to discover new resources that will help you in your market research assignment.
Of course, if you feel a topic is missing, don’t hesitate to drop us a line and we’ll be delighted to write an article.Tags: market research belgium