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Our market research
encompasses the basic tenets of intelligence gathering and classic
industrial market research. We rely on the
knowledge base and networking skills of our
in-country research analysts, and begin with:
Defining Research
Goals
Our research goals are developed through a team approach that
incorporates each analyst's core knowledge base, management's business
insights, and a understanding of the trends and needs of the market
being assessed. An ongoing dialog with key industry
participants is
always the critical component for providing direction in our research
efforts.
Qualitative
(Gathering Insights)
This is typically a
one-on-one process in which a researcher poses questions directly to an
individual. The questions often ask not only for information and
opinions but also allow the interviewer to probe the richness of
emotions and motivations related
to the topic. Our researchers use qualitative data to help clarify
hypotheses, beliefs, attitudes and motivations. Qualitative work is
often a first step because it enables us to fine-tune the language that
will be used in quantitative tools.
Quantitative
(Establishing Statistical Reliability)
This process utilizes detailed
questionnaires often distributed to large numbers of people. Questions
are typically multiple choice and participants choose the most
appropriate response among those listed for each question. Quantitative
research collects
a huge amount of data, which can often be generalized to a larger
population and allow for direct comparisons between two or more groups.
It also provides statisticians with a great deal of flexibility in
analyzing the results.
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