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Shangpu Consulting Group: Master these three core elements to make your market access consulting more effective

2024-07-18 17:56:19 Source: Champ Consulting Visits:0

1. market analysis

Market analysis is the first and most important step in market entry consulting. The purpose of market analysis is to understand the basic situation of the target market, assess the attractiveness and feasibility of the target market, and provide a basis for the selection of subsequent market entry models and solutions. The content of market analysis generally includes the following aspects:

-Market size and growth rate: Market size and growth rate are important indicators to measure market potential and prospects, reflecting market demand and development speed. Market size and growth rate can be calculated in a variety of ways, such as based on sales, sales volume, number of users, share, etc. Data on market size and growth rate can be obtained from official statistics, industry associations, third-party research institutions, corporate financial reports, etc., and can also be estimated through market research, expert interviews, questionnaires, etc. The analysis of market size and growth rate should consider the historical trend, current situation and future forecast of the market, as well as the segmentation and regional differences of the market, so as to have a clear understanding of the overall and local situation of the market.

-Market structure and competitive landscape: Market structure and competitive landscape are important indicators that reflect the supply situation and degree of competition in the market, affecting the profit level and entry barriers of the market. There are many ways to analyze the market structure and competitive landscape, such as based on the Porter Five Forces model, Porter Diamond model, Porter value chain model, SWOT analysis and so on. The analysis of market structure and competitive landscape should consider the main players in the market, product types, pricing strategies, channel distribution, brand image, market share, profitability, growth strategies, competitive advantages, competitive disadvantages, etc., in order to have a comprehensive understanding of the competitive situation and opportunity threats of the market.

-Market environment and influencing factors: Market environment and influencing factors refer to the external conditions and internal factors that affect the market, including political, economic, social, technological, legal, environmental and other aspects. There are a variety of methods for analyzing the market environment and influencing factors, such as PESTEL-based analysis, STEEP analysis, and driver-resistance analysis. The analysis of the market environment and influencing factors should consider the macro and micro levels of the market, as well as the stability and variability of the market, in order to have an in-depth understanding of market trends and risk factors.

Shangpu Consulting Group has rich experience and professional ability in market analysis, and can provide customers with comprehensive, accurate, timely and continuous in-depth industry reports, covering market size and growth rate, market structure and competition pattern, market environment and data and information on various aspects such as influencing factors, as well as in-depth analysis and evaluation of the market, which provides strong support for customers' market entry decisions.

2. market entry mode

The market entry model is the second and very critical step in market entry consulting. The choice of market entry mode is based on the results of market analysis, taking into account the customer's background, vision, goals, resources, capabilities, etc., to provide advice and guidance on the way and form of conducting business in the target market. The choice of market entry mode needs to balance the opportunities and risks of the market, as well as the input and return of customers, in order to achieve the optimal market entry effect. There are many types of market entry models, such as direct investment, joint ventures, franchising, agency, distribution, etc. Each model has its advantages, disadvantages and applicable conditions, and needs to be selected according to specific market and customer conditions.

Shangpu Consulting Group has rich knowledge and professional skills in market entry mode. It can provide customers with appropriate market entry mode advice and guidance. According to the different needs and goals of customers, it can tailor the best market entry for customers. Program to help customers achieve rapid, effective and stable development in the target market.

3. Market Entry Programme

The market entry program is the third and final step of the market entry consultation. The development of the market entry plan is based on the results of market analysis and the choice of market entry mode, providing planning and implementation support for the specific details and steps of the customer's business in the target market. The formulation of the market entry plan needs to consider the characteristics of the market and the characteristics of the customer, as well as the changes in the market and the adjustment of the customer, in order to ensure the smooth and successful market entry. The content of the market entry programme generally includes the following aspects:

-Product selection: Product selection refers to selecting suitable products or services for customers according to the needs and competitive conditions of the target market to meet market expectations and requirements. There are many methods for product selection, such as market research, competition analysis, product testing, etc. The principle of product selection is to meet the needs and preferences of the market, distinguish products or services from competitors, reflect the core values and competitive advantages of customers, and adapt to market regulations and standards, in order to establish a good brand image and reputation for customers in the target market.

-Product grade positioning: Product grade positioning refers to determining the price and quality of products or services for customers according to the consumption level and consumption psychology of the target market, so as to attract and retain target customers. There are many methods of product grade positioning, such as cost analysis, value analysis, demand analysis and so on. The principle of product grade positioning is to meet the market's consumption capacity and willingness to consume, to distinguish it from competitors' products or services, to reflect the customer's cost-effectiveness and value proposition, and to adapt to the market's price sensitivity and price elasticity, in order to obtain reasonable profits and market share for customers in the target market.

-Market segmentation positioning: Market segmentation positioning refers to dividing different market segmentation groups for customers according to the different characteristics and needs of the target market, so as to improve the pertinence and differentiation of products or services. There are many ways to segment market positioning, such as based on geographical, demographic, psychological, behavioral and other factors. The principle of market segmentation positioning is to meet the diversity and complexity of the market, distinguish it from the market strategy of competitors, and reflect the market segmentation and market concentration of customers.

-Regional market positioning: Regional market positioning refers to selecting suitable market areas and market locations for customers according to different regions and regions of the target market to improve the coverage and accessibility of products or services. There are many methods of regional market positioning, such as based on geographical distribution, population density, economic development, consumption habits and other factors. The principle of regional market positioning is to meet the regional differences and regional characteristics of the market, distinguish it from the regional strategy of competitors, reflect the regional selection and regional optimization of customers, and adapt to the regional needs and regional opportunities of the market, in order to establish a solid market foundation and market network for customers in the target market.

-Customer type positioning: Customer type positioning refers to identifying target customers and potential customers for customers according to different customer groups and customer characteristics in the target market to improve product or service satisfaction and loyalty. There are many methods of customer type positioning, such as based on customer classification, customer profile, customer value, customer satisfaction and other factors. The principle of customer type positioning is to meet the customer needs and expectations of the market, distinguish it from the customer strategy of competitors, reflect the customer relationship and customer maintenance of customers, and adapt to customer changes and customer feedback in the market, so as to establish good customer reputation and customer loyalty for customers in the target market.

-Business strategy: Business strategy refers to formulating reasonable business plans and business measures for customers based on the operating conditions and operating goals of the target market to improve the operating efficiency and operating effects of products or services. There are many kinds of business strategy, such as product strategy, price strategy, promotion strategy, channel strategy, service strategy, etc. The formulation of business strategy needs to consider the operating environment and operational requirements of the market, as well as the customer's operational capabilities and operational resources, in order to ensure smooth operation and operational success of market entry.

-Competitive strategy: Competitive strategy refers to formulating effective competitive plans and competitive measures for customers based on the competitive status and competitive goals of the target market to improve the competitiveness and competitive advantages of products or services. There are a variety of competitive strategies, such as cost-leading strategies, differentiation strategies, centralization strategies, alliance strategies, and counterattack strategies. The formulation of competitive strategy needs to consider the competitive environment and competitive requirements of the market, as well as the competitive ability and competitive resources of customers, in order to ensure the competitive advantage and competitive success of market entry.

-Development strategy: Development strategy refers to formulating long-term development plans and development measures for customers based on the development status and development goals of the target market to improve the development potential and development prospects of products or services. There are many kinds of development strategies, such as market penetration strategy, market development strategy, product development strategy, diversification strategy, internationalization strategy, etc. The formulation of development strategy needs to consider the development environment and development requirements of the market, as well as the development ability and development resources of customers, so as to ensure the continuous development and success of market entry.

Shangpu Consulting Group has rich experience and professional skills in market entry plan, which can provide customers with detailed planning and implementation support of market entry plan, covering the contents and steps of product selection, product grade positioning, market segment positioning, regional market positioning, customer type positioning, business strategy, competition strategy, development strategy and so on, for customers to enter the market to provide a full range of services and protection.

4. epilogue

Market entry consulting is a service that provides companies with strategic advice and implementation support for doing business in a new industry, region or product area. The process of market entry consulting generally includes three steps: market analysis, market entry mode and market entry plan, each of which has its core elements and methodological principles, which need to be selected and developed according to the specific market and customer situation.




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