Market Analysis for Accountants
This course is about creating a robust framework for carrying out market analysis. It is a mixture of business strategy, marketing analysis and market research.
This course will enable you to
- Break the market down into smaller segments
- Understand the partner quadrant
- Explore the different ways to classify a market
- Use marketing to maximise growth
- Explore the competitive market
About the course
Market analysis is not just about the application of analytical techniques to reams of data. So often people say "we need more data", when there is no more available. At some point a judgement has to be made. While a market understanding must be based on fact, quantitative market research is not some fundamental route to truth and enlightenment. Much of it can be contradictory or incomplete and is only as good as the questions posed and the way they are asked. There is always room for personal judgement, based on qualitative research, experience and gut feeling. In fact, these are more important than choosing between two numbers. This course should help give you the confidence to make those judgements.
This course is about creating a robust framework for carrying out market analysis. It is a mixture of business strategy, marketing analysis and market research.
Look inside
Contents
- Define the markets
- What do customers want?
- Is an industry the same as a market?
- How can I begin segmentation?
- How should we look at markets?
- How do you recognise the geographic boundaries?
- Where do you stand with customers?
- How do your customers view your business?
- What is the commodity quadrant?
- What is the price down quadrant?
- What is the manage risk quadrant?
- What is the partner quadrant?
- Competitive intensity
- How does competition impact on price and profitability?
- Porter's five forces: competitors
- Porter's five forces: substitutes
- Porter's five forces: buyers/customer
- Porter's five forces: new entrants
- Porter's five forces: suppliers
- How else can you classify a market?
- Can the product lifecycle help check pricing assumptions?
- Can I forecast longer term price levels?
- What are the implications of mature markets?
- Market size and growth
- How do you size a market realistically?
- What approaches are there to market sizing?
- How do I decide on the best approach for sizing my market?
- How do I calculate market growth?
- What approaches are there for forecasting market size?
- Ability to compete
- How well do I satisfy customer needs?
- How big is my competitive advantage?
- How do I identify competitor goals and strategies?
- What are my chances of success with new products and new markets?
- How do I assess a market for a new product?
- What are recovery plays?
How it works
Author
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