Analyzing Industry Data

Categories
Market research Sales strategy Marketing strategy
Skills
target market market trend innovation
Project scope

What is the main goal for this project?

Our company advertises thousands of products online. We believe we know a lot about our consumers and target consumer base, but we need to look beyond the buyer and examine our industry.

We would like to collaborate with students to identify key market trends and assist in our go-forward plans.

This will involve several different steps for the students, including:

  • Familiarizing themselves with our products, target market, and industry.
  • Analyzing growth trends, stagnation patterns and decline analytics.
  • Identifying areas of promising innovation and areas that are slowing down.

Bonus steps in the process would also include:

  • Recommending strategies to best position our company.

What tasks will students need to complete to achieve the project goal?

By the end of the project, students should demonstrate:

  • Familiarity with our products, market and industry
  • Understanding of growth trends and stagnation patterns
  • Identification of areas of promising innovation

Bonus steps would include:

  • Recommending how we can best position ourselves within the industry

Final deliverables should include

  • A final report.
  • A 10-minute presentation.

How will you support students in completing the project?

Students will connect directly with us for mentorship throughout the project. We will be able to provide answers to questions such as:

  • Our products and services
  • Our current understanding of the industry
  • Input on choices, problems or anything else the students might encounter.