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Cnduct an Industry Analysis and a Competitive Analysis.
Industry Analysis Perform an industry analysis detailing how the overall industry is performing. Research trends in the industry as well as projections for the future. Remember to cite your research.
Competitive Analysis Perform a competitive analysis reviewing multiple competitors that offer similar products/services. How is your company different from its competitors? Think about the products/services offered or their pricing strategy or even their distribution strategy. What is the overall brand perception in the mind of the consumer? How does each rank based upon a pertinent parameter?
Describe the term marketing research.
Once a company has hired or promoted personnel, in order to make sure that the individual is prepared for the responsibilities, many companies provide an orientation into the new position, Describe 2 forms of training utilized by that company
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