Market research helps organizations to understand
the size and attractiveness of the market, customer requirements
and decision making processes, distribution options and the
competitive environment. Market strategy refers to how organizations
use their resources to attack or defend market positions.
Market research and strategy together form the cornerstone
of the business planning process in product and service industries,
private sector and public sectors alike.
Why carry out market research and planning?
Market research provides a formal and structured approach
to:
• Identifying market or customer-group size, recent
trends, the outlook for the future and the main factors influencing
the market – what we call the
Market Drivers;
• Understanding the business environment, including
strengths and weaknesses of the competition, technical and
regulatory issues, risks and barriers to entry, as well as
opportunities;
• Setting out the full range of product and service
delivery options opened to the organization, and its associated
revenue potential.
The marketing strategy process helps organizations to select
the best course of action to maximise shareholder value or,
in the case of the public sector, to achieve corporate objectives
in the most cost-effective way.
Selecting and communicating the right strategy is the key
to gain 'buy in' both inside the organisation and with external
stakeholders. It also provides the basis for resource planning,
budgeting and financial forecasting.
Successful research is dependent on careful planning, efficient
field work and effective analysis. Only then can effective
strategies be drawn from accurate information.
OE's Marketing Planning & Research draws on global
resources to build substantial, profitable growth through
superior marketing. We focus on the most relevant marketing
issues – issues that reflect real-world concerns of
business leaders.
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We regard ourselves as your partner in planning and realization
of all research projects.
• We provide you with more than just data. With our
recommendations on courses of action, we assist you in your
entrepreneurial decisions by offering execution-oriented
solutions.
• Flexibility is our strong point - tailor-made market
research approaches, advice on the project design and transparency
during the execution are fundamental components of our service.