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Step by step to teach you how to conduct industrial market research consulting, six steps to success

2024-07-24 00:20:53 Source: Champ Consulting Visits:0

1. determination of research objectives and scope

The first step in conducting an industrial market research consultation is to determine the research objectives and scope. This is the foundation of the whole research process and the key link of communication and consensus with customers. Research objectives refer to what kind of results or answers customers want to get through research, such as understanding the development trends of an industry, competitive landscape, customer needs, market opportunities, etc. The scope of the study refers to the industry, product, region, time period and other specific categories involved in the study, such as the analysis of a market segment or product category in a country or region. Once the objectives and scope of the study are determined, the main issues and assumptions of the study can be identified, as well as the key information that needs to be collected and analyzed.

For example, Champu Consulting has provided research and consulting services for a leading global electrical equipment manufacturer on the Chinese high-voltage switchgear market. The client's research objective is to understand the size, growth rate, competitive landscape, customer preferences, technology development and other aspects of the Chinese high-voltage switchgear market in order to formulate its development strategy in the Chinese market. After communicating with customers, Shangpu Consulting has determined the research scope of China's high-voltage switchgear market, including various types (such as air insulation, gas insulation, etc.) and uses (such as power transmission, power distribution, etc.) of high-voltage switchgear products, as well as various regions (such as East China, North China, etc.) and industries (such as electric power, rail transit, etc.) high-voltage switchgear demand.

2. Design Research Scheme and Method

Once the research objectives and scope are determined, it is necessary to design appropriate research protocols and methods. This is an important link to ensure the quality and efficiency of research, and it is also a key link to demonstrate professional ability and level. The research plan refers to the overall framework and process of the research, including the main content, steps, timetable, resource allocation, etc. Research methods refer to the specific techniques and tools used in research, including data sources, data collection methods, data analysis methods, etc. When designing research schemes and methods, it is necessary to select reasonable data types (such as quantitative data or qualitative data), data sources (such as first-hand data or second-hand data), data collection methods (such as questionnaires, in-depth interviews, desktop research, etc.), data analysis methods (such as descriptive analysis, correlation analysis, regression analysis, etc.) according to the research objectives and scope and the actual situation of the market, to ensure the validity, reliability and representativeness of the data.

For example, when conducting research and consultation on the Chinese high-voltage switchgear market for the above-mentioned electrical equipment manufacturers, Shangpu Consulting designed the following research solutions and methods:

-Research program: divided into four stages, namely market overview, market segmentation, market competition and market opportunities. Each stage includes several sub-modules, such as market size, market growth rate, market structure, market demand, market supply, market price, market trend, etc. Each stage needs to complete the corresponding data collection and analysis, and form a preliminary draft report. The entire study is expected to take three months, with the first two months for data collection and analysis and the last month for report writing and presentation.

-Research methods: using a variety of data sources and data collection methods, combined with quantitative analysis and qualitative analysis. Specifically, use desktop research to collect second-hand data, such as official statistics, industry reports, professional magazines, news media, etc., to understand the basic situation and macro environment of the market; use questionnaires to collect first-hand data, such as manufacturers of high-voltage switchgear, Basic information, product preferences, purchasing behaviors, etc. of distributors, users, etc., to understand the details and dynamics of the market; use in-depth interviews to collect first-hand data, such as high-voltage switchgear industry experts, industry associations, government agencies and other views, recommendations, forecasts, etc., to understand the market's deep and cutting-edge information. Depending on the data type and purpose, different data analysis methods, such as descriptive analysis (e. g., mean, standard deviation, etc.), correlation analysis (e. g., Pearson correlation coefficient, etc.), regression analysis (e. g., linear regression, etc.), are used to extract valuable information and insights from the data.

3. collection and collation of data

After designing the research plan and method, you need to start collecting and organizing data. This is the basic link to ensure the validity and reliability of the research, and also the key link to show the execution and efficiency. Collecting data refers to obtaining relevant information from various sources and recording it according to the research plan and method. Collating data refers to the cleaning, classification, coding and other processing of the collected information to make it meet the research requirements and facilitate subsequent analysis. When collecting and organizing data, you need to pay attention to the following points:

-The amount of data should be large enough to ensure its representativeness and statistical significance;

-Data quality must be high enough to ensure its accuracy and credibility;

-The data format should be sufficiently uniform to ensure its comparability and analyzability.

For example, in collecting and collating data on China's high-voltage switchgear market for the above-mentioned electrical equipment manufacturers, Champ Consulting has taken the following measures:

-Data volume: According to the size and complexity of the market, as well as the depth and breadth of the research, a reasonable sample size and coverage are determined. Specifically, the official statistics and industry reports of China's high-voltage switchgear market in the past five years were collected through desktop research, covering the overall situation of the market and various segments;200A representative sample of manufacturers, distributors, and users of high-voltage switchgear was collected through in-depth interviews.20Effective first-hand data, including high-voltage switchgear industry experts, industry associations, government agencies and other levels of authority.

-Data quality: Depending on the source and type of data, different quality control measures have been taken. Specifically, for the second-hand data collected by desktop research, source verification, content check, timeliness evaluation and other work are carried out to eliminate unreliable or outdated information; for the first-hand data collected by questionnaire survey, logic check, abnormal value processing, missing value filling and other work are carried out to eliminate wrong or incomplete data; for the first-hand data collected by in-depth interview, recording, information collation, opinion induction and other work were carried out to retain the original or important data.

-Data format: According to the characteristics and uses of the data, different formatting measures are taken. Specifically, for the second-hand data collected by desktop research, unit conversion, index definition, classification standard and other work are carried out to make it consistent or comparable with other data; for the first-hand data collected by questionnaire survey, coding rules, scale setting, variable naming and other work are carried out to make it meet the requirements or specifications of statistical analysis; for the first-hand data collected by in-depth interviews, the subject extraction, viewpoint classification, information combing and other work are carried out to make it convenient for subsequent interpretation or presentation.

4. analysis and interpretation of data

Once the data is collected and organized, you need to start analyzing and interpreting the data. This is the core part of providing valuable insights and suggestions, and it is also a key part of demonstrating creativity and wisdom. Analysis of data refers to the use of various technologies and tools to process and calculate data according to research programs and methods, and to obtain corresponding results or indicators. Interpreting data refers to understanding and evaluating the results or indicators of the analysis according to the objectives and scope of the study, taking into account the actual situation of the market, and proposing the corresponding significance or enlightenment. When analyzing and interpreting data, you need to pay attention to the following points:

-Analytical methods should be sufficiently scientific to ensure their rationality and validity;

-The analysis results should be clear enough to ensure their readability and visualization;

-Explain the content deeply enough to ensure that it is valuable and convincing.

For example, when analyzing and interpreting the data of China's high-voltage switchgear market for the above-mentioned electrical equipment manufacturers, Champ Consulting has taken the following measures:

-Analysis method: According to different analysis purposes and data types, the appropriate analysis method is selected. Specifically, for descriptive analysis, basic statistics such as average, standard deviation and percentage are used to summarize the basic characteristics and distribution of the market; for correlation analysis, relevant indicators such as Pearson correlation coefficient and Spearman correlation coefficient are used to measure the correlation degree and direction between various variables in the market; for regression analysis, regression models such as linear regression and multiple regression are used, to explore the causal relationship and influencing factors between the various variables in the market.

-Analysis results: According to different analysis methods and result types, the appropriate result presentation method is selected. Specifically, for the results of descriptive analysis, tables, charts, maps and other forms are used to intuitively show the market size, growth rate, structure, demand, supply and other aspects; for the results of correlation analysis, scatter plots, heat maps, radar charts and other forms are used to clearly show the correlation degree and direction between various variables in the market; for the results of regression analysis, equations, coefficient tables, confidence intervals, etc. are used to accurately show the causal relationships and influences between the various variables in the market.

-Explain the content: According to different analysis results and market conditions, valuable insights and suggestions are put forward. Specifically, for the results of descriptive analysis, it explains the current situation and development trend of the market, as well as the position and advantages of customers in the market; for the results of correlation analysis, it explains the correlation mechanism and influence path between various variables in the market, as well as the opportunities and challenges of customers in the market; for the results of regression analysis, it explains the causal logic and influence degree between various variables in the market, and customers' strategies and actions in the market.

5. writing and presenting reports

After analyzing and interpreting the data, you need to start writing and presenting the report. This is the final link to deliver research results and value, and it is also a key link to demonstrate communication skills and professional image. Writing a report refers to recording the research process and results in the form of text, charts, etc. according to the research plan and content, in accordance with a certain structure and format, and adding the necessary titles,Abstractelements such as directories, references, etc. Presentation of the report refers to the presentation of the research report to the customer in oral, written or electronic form in accordance with the research objectives and customer needs, in a certain manner and time, and to communicate and feedback with the customer. When writing and presenting a report, you need to pay attention to the following points:

-The structure of the report should be sufficiently clear to ensure its logic and consistency;

-The content of the report should be sufficiently refined to ensure its simplicity and focus;

-The form of the report should be beautiful enough to ensure its readability and professionalism.

For example, in writing and presenting the China High Voltage Switchgear Market Research Consultancy Report for the above-mentioned electrical equipment manufacturers, the following measures were taken:

-Report structure: According to the research plan and content, the report is divided into five parts, namely cover, abstract, body, appendix and reference. The cover includes the title, author, date and other basic information of the report; the summary includes the background, purpose, method, results and conclusions of the report and other main contents; the main body includes the introduction, market overview, market segmentation, market competition, market opportunities and other five chapters of the report, each chapter is divided into several sections, such as market size, market growth rate, market structure and so on; the appendix includes detailed information such as data tables, charts, and maps used in the report; references include literature information such as data sources, industry reports, and professional journals cited in the report.

-Report content: According to the research results and customer needs, the report content is refined and optimized. Specifically, for the summary section of the report, approximately300The length of the words summarizes the main contents and conclusions of the report and highlights the opportunities and strategies of the client in the market;1200The length of the word, details all aspects and levels of the market, and is accompanied by data tables, charts, maps and other forms to enhance the readability and visualization of the data;200The length of the word lists the data tables, charts, maps and other details used in the report, and gives the corresponding numbers and titles for easy access and reference.

-Report form: According to the research topic and customer image, the report form is beautified and unified. Specifically, for the cover part of the report, the customer's corporate logo and color are used to reflect the customer's brand image; for the summary part of the report, bold and italic fonts are used to highlight the key content and conclusions of the report; for the body part of the report, consistent font, font size, line spacing, indentation and other format settings are used to maintain the cleanliness and professionalism of the report; for the appendix section of the report, appropriate white space and header and footer settings are used to distinguish between the main and auxiliary content of the report.

6. provide follow-up support and services

Having written and presented a good report does not mean the end of the industrial market research consultation. In order to ensure that the research results can be effectively applied to the actual decision-making of customers, and establish a long-term and stable cooperative relationship with customers, it is also necessary to provide follow-up support and services. This is an extended link to enhance the value and influence of research, and it is also a key link to demonstrate service attitude and credibility. Follow-up support and services include the following:

-Answer the customer's questions and feedback, such as the data, analysis, conclusions and other content in the report, the necessary explanation and supplement;

-Update customer information and dynamic, such as changes in the market, events, trends, timely tracking and notification;

-Provide customer advice and help, such as for customers in the market problems, difficulties, opportunities, etc., appropriate guidance and assistance;

-recommend customer resources and cooperation, such as for customers in the market need partners, suppliers, customers and other resources, effective introduction and recommend.

For example, after providing the above-mentioned electrical equipment manufacturers with a research and consultation report on the Chinese high-voltage switchgear market, Champ Consulting also provided the following follow-up support and services:

-Answer the customer's questions and feedback: After the presentation of the report, Shangpu Consulting conducted in-depth communication and discussion with the customer, answered the customer's questions and feedback on the data, analysis, conclusions and other contents in the report, and made necessary modifications and improvements to the report according to the customer's opinions and suggestions.

-Update customer information and dynamics: After the report is completed, Shangpu Consulting continues to pay attention to the development of China's high-voltage switchgear market, and regularly sends market dynamics reports to customers, including market size, growth rate, competitive landscape, technological progress, etc. The latest data and information.

-Provide customer advice and help: After the implementation of the report, Shangpu Consulting provided targeted advice and help based on the specific problems and difficulties encountered by customers in the market, such as how to optimize product design, how to enhance brand image, How to expand sales channels, etc.

-recommend customer resources and cooperation: After the implementation of the report, Champ Consulting recommend some suitable partners, suppliers, customers, etc. according to the resources and cooperation required by customers in the market, and assisted customers to establish contact and communicate with them.

Conclusion

Industrial market research consulting is a highly professional and highly valuable service. By following the six steps of determining research objectives and scope, designing research programs and methods, collecting and organizing data, analyzing and interpreting data, writing and presenting reports, and providing follow-up support and services, the process of industrial market research consulting can be effectively completed and valuable insights and suggestions can be provided to customers.



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