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How to improve the quality of market entry consulting? Standards of consulting firms

2024-07-18 17:47:18 Source: Champ Consulting Visits:0

Market entry consulting is a professional service that provides companies with feasibility analysis, strategic planning and implementation recommendations for doing business in a new market, industry or region. The quality of market entry consulting directly affects the investment decision-making and market competitiveness of enterprises, therefore, improving the quality of market entry consulting is an important task of consulting companies. This paper discusses how to improve the quality of market entry consulting from the following four aspects: one is to clarify the consulting objectives and scope, the other is to adopt scientific research methods and tools, the third is to ensure the authenticity and validity of the data, and the fourth is to provide valuable analysis and suggestions. This paper also combines some cases of Shangpu Consulting Company to show its professional level and service quality in market entry consulting.

Market Entry Advisory (Market Entry Consulting) refers to professional services that provide enterprises with feasibility analysis, strategic planning and implementation recommendations for doing business in a new market, industry or region. Market entry consultation can help enterprises understand the scale, structure, demand, competition and risk of the target market, formulate appropriate market entry points and development strategies, reduce investment risks, and improve market share and profitability.

The quality of market entry consulting directly affects the investment decision-making and market competitiveness of enterprises, therefore, improving the quality of market entry consulting is an important task of consulting companies. So, how to improve the quality of market entry consultation? This paper discusses this problem from the following four aspects:

1. clarify the objectives and scope of the consultation

Market entry consulting is a customized service, and each project has different customer needs, background conditions and goal orientation. Therefore, before conducting market entry consultation, it is necessary to fully communicate with the client, clarify the objectives and scope of the consultation, determine the research object, content, method, time, results and other elements, and sign a contract or agreement to ensure that both parties have a common understanding and expectation of the project.

Clarifying the consulting objectives and scope can help the consulting company grasp the key and difficult points of the project, avoid deviating from the customer's needs, waste time and resources, and improve work efficiency and effectiveness. At the same time, disputes or complaints caused by poor communication or inconsistent understanding can also be avoided.

For example, Champu Consulting has provided a research project on China's new energy vehicle market entry strategy for a well-known international automobile brand. Before the start of the project, Shangpu communicated with customers for many times, making it clear that customers want to know the overall situation, policy environment, consumer preferences, competitive landscape and other aspects of China's new energy vehicle market, and determined the scope of research for the passenger car field in China. Shangpu has developed a detailed research plan according to the customer's needs, and signed a contract with the customer, stipulating the progress of the project, deliverables, costs and other matters. In this way, Champ ensures the smooth progress of the project and wins the trust and satisfaction of the customers.

2. use scientific research methods and tools

Market entry consulting is a service based on data and analysis, which requires consulting companies to use scientific research methods and tools to collect, organize, analyze and present relevant information and knowledge. Consulting firms should select appropriate research methods and tools based on the characteristics and objectives of the project, such as literature review, first-hand surveys, second-hand data, expert interviews, case studies, model building, predictive analysis, etc.

Adopting scientific research methods and tools can help consulting companies improve the quality and credibility of data, enhance the logic and persuasiveness of analysis, and enhance the professionalism and value of reports. At the same time, errors or deviations caused by inappropriate or irregular methods or tools can be avoided.

For example, Shangpu Consulting once provided a research project on China's cross-border e-commerce market entry strategy for a well-known domestic e-commerce platform. During the implementation of the project, Champ used a variety of research methods and tools, such as literature reviews, policy analysis, industry reports, web crawlers, questionnaires, in-depth interviews, and,SWOTanalysis,PESTELanalysis, from different angles and levels of China's cross-border e-commerce market conducted a comprehensive and in-depth study. Shangpu used its self-developed data collection and analysis system to collect a large amount of second-hand data, and combined with first-hand survey data, it conducted quantitative and qualitative analysis on the scale, structure, demand, competition, and risk of China's cross-border e-commerce market., And evaluated and suggested the opportunities and challenges of customers in China's cross-border e-commerce market. In this way, Champ provides clients with a high quality and high value market entry advisory report.

3. guarantee the authenticity and validity of the data

Data is the basis and core of market entry consulting, and the authenticity and validity of data directly determine the reliability and accuracy of consulting reports. Therefore, when collecting and processing data, consulting companies must follow relevant laws, regulations and industry norms to ensure the legality and legitimacy of data sources, the integrity and consistency of data content, and the objectivity and impartiality of data processing.

Ensuring the authenticity and validity of the data can help the consulting company avoid the loss of credibility or legal liability caused by data fraud or errors, and can also improve the trust and acceptance of the consulting report. At the same time, it can also provide a solid basis for subsequent analysis and recommendations.

For example, Shangpu Consulting has provided a research project on China's biopharmaceutical market entry strategy for a well-known domestic pharmaceutical company. In collecting data for the project, Champ strictly complied withthe People's Republic of China Foreign-related Investigation Licenseand signed a confidentiality agreement with the subject to ensure the legitimacy of the data source. At the same time, Champu also uses a variety of methods to verify the authenticity of the data, such as comparing data from different sources, checking the consistency and completeness of the data, and excluding outliers and invalid values to ensure the accuracy of the data content. In addition, Shangpu also reasonably classified, summarized, sorted and cleaned the collected data to ensure the standardization of data processing. In this way, Champ provides high-quality and efficient data support for the project.

4. provide valuable analysis and recommendations

The ultimate goal of market entry consulting is to provide customers with valuable analysis and advice to help them develop and implement market entry strategies. Therefore, when conducting analysis and recommendations, the consulting firm must fully consider the needs and objectives of the client, combine the current situation and trends of the market, use professional knowledge and experience, propose feasible, innovative and competitive solutions, and give clear implementation steps and evaluation indicators.

Providing valuable analysis and recommendations can help consulting firms improve customer satisfaction and loyalty, increase customer conversion and repurchase rates, and expand the consulting firm's brand influence and market share. At the same time, it can also create more commercial and social values for customers.

For example, Champu Consulting has provided a research project on China's online education market entry strategy for an internationally renowned educational institution. In the project analysis and suggestions, Shangpu fully considered the customer's superior resources, target users, core competitiveness and other factors, and combined with the development status of China's online education market, user needs, policies and regulations, competitors and other factors, put forward the following suggestions for customers:

Select market segments suitable for customers' characteristics and advantages, such as English learning, vocational training, overseas study counseling, etc., and formulate different product strategies, pricing strategies, channel strategies and marketing strategies for different market segments;

Make use of customers' brand awareness and reputation in the field of international education to create high quality, efficient and cost-effective online education services, and expand customers' influence and recognition in the Chinese market through social media, word-of-mouth marketing and partners;

Establish good relationships with local governments, educational institutions, enterprises and other relevant stakeholders in China, gain advantages in policy support, resource sharing, market promotion, etc., and actively participate in social welfare activities to establish a good social image;

Pay attention to the changes and innovations in China's online education market, continuously improve its service quality and technical level, and constantly adjust its strategic direction and development goals based on user feedback and data analysis.

In this way, Shangpu provides customers with a valuable market entry consulting report, and helps customers achieve good performance and reputation in China's online education market.

Summary

Market entry consulting is a professional service that provides companies with feasibility analysis, strategic planning and implementation recommendations for doing business in a new market, industry or region. The quality of market entry consulting directly affects the investment decision-making and market competitiveness of enterprises, therefore, improving the quality of market entry consulting is an important task of consulting companies. This paper discusses how to improve the quality of market entry consulting from four aspects: clarifying the consulting objectives and scope, adopting scientific research methods and tools, ensuring the authenticity and validity of data, and providing valuable analysis and suggestions. Combined with some cases of Shangpu Consulting Company, it shows its professional level and service quality in market entry consulting.



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  • On July 07, 2021, Shangpu Consulting received a satisfaction evaluation sheet from a customer for "A Brand in an Industry Leading Sales Research Project for Three Consecutive Years. The customer said: The survey plan of Shangpu Consulting is rigorous in design, scientific in method, standardized and rigorous in survey organization process, and basically reliable survey data, which provides relatively credible first-hand information for our research work. The research results are of great help to our company to understand the whole picture of the industry. Once again, I would like to thank the users for their support and wish them a prosperous career and an evergreen foundation!

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  • On July 09, 2021, Shangpu Consulting received a satisfaction evaluation sheet from the customer for a hazardous waste treatment research project. The customer said: this is the organizational structure of the survey, the service process is very good, wish your company's consulting work is getting better and better, look forward to the next cooperation. I wish users a prosperous career, evergreen foundation!

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More than 20 years of focus on the Chinese market consulting, won the user recognition, user satisfaction reached more than 96%, the following is part of the user praise

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