Market Expansion Research
Preferred learners
- Anywhere
- Academic experience
Categories
Skills
Project scope
- What is the main goal for this project?
-
As a company, we currently exist in one market, but we believe we are ready to take our business to the next level and expand our scope of locations. With your help, we hope to assess our customer landscape beyond the demographics we currently cater to by learning about their expectations and behaviors. Currently our market is the youth, we want to expand our readership to the other age groups.
This will involve several different steps for the students, including:
- Researching the target market in potential new locations including demographic data such as spending power, proximity, accessibility, and location appeal, and creating a weighted decision matrix to assign importance to each factor.
- Creating a survey based on the location and demographic information above to be distributed by our company.
- Analyzing survey data using the weighted decision matrix to decide on the best location options for us to expand to.
- Compiling a report including the location analysis, and optimal location recommendations.
- What tasks will learners need to complete to achieve the project goal?
-
By the end of the project, students should complete the following list of activities.
- Research our target market in new areas and create a weighted decision matrix.
- Create a survey based on the appropriate location and demographic information.
- Analyze survey data collected, using the weighted decision matrix they created to decide on the best location(s) to expand to.
- Create a report including all research, survey data, and analysis with location recommendations based on the weighted decision matrix.
Final deliverables should include
- A report including all research.
- A slide deck to be presented to the board.
- What is the main goal for this project?
-
As a company, we currently exist in one market, but we believe we are ready to take our business to the next level and expand our scope of locations. With your help, we hope to assess our customer landscape beyond the demographics we currently cater to by learning about their expectations and behaviors. Currently our market is the youth, we want to expand our readership to the other age groups.
This will involve several different steps for the students, including:
- Researching the target market in potential new locations including demographic data such as spending power, proximity, accessibility, and location appeal, and creating a weighted decision matrix to assign importance to each factor.
- Creating a survey based on the location and demographic information above to be distributed by our company.
- Analyzing survey data using the weighted decision matrix to decide on the best location options for us to expand to.
- Compiling a report including the location analysis, and optimal location recommendations.
- What tasks will learners need to complete to achieve the project goal?
-
By the end of the project, students should complete the following list of activities.
- Research our target market in new areas and create a weighted decision matrix.
- Create a survey based on the appropriate location and demographic information.
- Analyze survey data collected, using the weighted decision matrix they created to decide on the best location(s) to expand to.
- Create a report including all research, survey data, and analysis with location recommendations based on the weighted decision matrix.
Final deliverables should include
- A report including all research.
- A slide deck to be presented to the board.
About the company
- https://youthinpolitics.net/
- 2 - 10 employees
- Government, Non-profit, philanthropic & civil society, Media & production
Youth In Politics is a registered non-for-profit student organization, with the goal of informing youth about politics and current events through journalism, podcasts, and interviews with political figures. Our roster of guests includes; Mary Simons, Kim Campbell, Andrea Horwath, Erin OβToole, Amarjeet Sohi, etc. Youth In Politics started as a way to encourage youth to be involved in politics and find social gratification from being involved. Our end goal is to play an important role in increasing youth votership every election. We have writers and members from all over the world, with most based in Canada. Our organization has been profiled by CBC News, CP24, etc. Youth In Politics has also been recognized by the UN world food program, for our efforts when it came to covering the Yemen crisis.
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