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Five Reasons to Conduct Marketing Research - ITB Partners - Management Consultants
Large consumer companies like Coca-Cola, Proctor & Gamble, and Unilever spend millions of dollars each year on marketing research to gain an edge in a competitive market. They have large staffs of people with PhDs, MMRs, and MBAs creating and managing complex research studies to provide data and insights to support business decisions.But what about small or medium-sized businesses? Are the insights leveraged by big companies beyond their scope because of a lack of resources and personnel? Should they depend on guesswork and intuition to drive marketing decisions? The answer is an emphatic NO!Attaining insights to drive your business is within the reach of any business. The scope and scale may differ, but the focus should be on five key learnings.
Carl Fusco