Thursday, September 9, 2010
EOC Week 9: Network
Thursday, August 26, 2010
EOC Week 7: Trader Joe's
Hypothesis: If Trader Joe's were to create an organic baby food, sales would increase dramatically due to the consumer market they have established.
1. Do you have children?
2. Would you shop at Trader Joe's for baby food?
3. Where do you currently shop for your baby food? Wal-mart? Target? Dollar store?
4. Do you feed your baby organic food currently?
5. How often do you shop for baby food? Less than once a week? More than once a week?
Thursday, August 12, 2010
EOC Week 5: Polls
Thursday, August 5, 2010
EOC Week 4: Market Research Concepts in the movie Big
The movie Big demonstrated several market research strategies. One of the first strategies being the focus group, while two of the characters were talking about George, the main character, they were standing in front of what I believe to be a one way mirror. On the other side of the mirror were a large group of kids playing with toys. This is a classic way to test out a product or service on a random group of people in order to see what their response is. Another market research strategy was when the President of the company stumbled on George in FAO Schwartz. The President of the company was conducting research in the store; he said that he came to the retail store every Saturday to watch the kids and their reaction to the toys. The more he watched and listened to George, I believe he believed that George was doing some serious market research by tapping into the mind of a child and thinking, playing, and even acting like a child. The very next day George was promoted to Vice President of Product Development. The movie continues to show a group of people in a meeting that I’m going to assume were the board of executives of the company. One of the characters in the movie was doing a presenting on a new toy that the company was about to introduce, a building that turns into a robot. As he was doing his presentation, George was doing his job in other words he was playing with the toy and testing it.
EOC Week 4: Beautifulstranger.tv
Thursday, July 29, 2010
EOC Week 3: 9 to 5
Thursday, July 22, 2010
EOC Week 2: Research a Market Research Survey
Some of the reason they are saying is because these regions are starting to see a middle class emerge and new opportunities for spending in markets that they have never seen before. Another reason is because of the recent crisis in the American economy, the public are weary on where and how they are going to spend their money. When Americans go shopping for groceries it is seen as a necessary chore. If they are going to buy something other than groceries than they want to see value in it and unfortunately unless you pay a large amount of money for something it tends to not have that much value. Markets in Asia, Asia-Pacific, Latin America and some of Europe see shopping as something fun to do in their free time, even for groceries. The challenge for U.S. retailers is going to be making shopping for their brand an event or an experience and not a chore. If they aren’t able to do this then they are going to have to look elsewhere such as in the above markets in order to be successful.
- http://www.marketresearchworld.net/index.php?option=com_content&task=view&id=1279&Itemid=77