Research may include both primary and secondary sources and use quantitative or qualitative methodologies - or both
Situational & SWOT Analysis
The goal of your research is to find ways to assist your client company in reaching their goals. This type of company research has been called a situational analysis. It is a collection of methods that managers use to analyze an organization's internal and external environment to understand the organization's capabilities, customers, and business environment. It is sometimes called a SWOT analysis since it allows you to discover the company’s strengths, weaknesses, opportunities and threats. You might find it helpful to fill in the SWOT grid with the information that your research discovered about your client company.
We suggest that you keep track of your research using Zotero, a citation manager that will allow you to capture information and export it into Microsoft Word in the APA format style that is required for this course.
Local bookstore wants to increase the number of 18-24-year-old customers.
You will be searching for information about:
Create a list of concept terms to assist your search.
Example:
Concept #1 - bookstore, book store
Concept #2 - 18-24-year-olds, generation Z
Concept #3 - retail or retail industry or retailers
Concept #4 - Incentive or motivation
Concept #5 - Barrier, obstacle
Depending on where you search (market research database, news database, scholarly & trade article database), you may search using one or more of these concepts. For article and news databases, you may combine terms in a search string, such as:
Example: (Concept #1a OR Concept #1b) AND (Concept #2a OR Concept #2b) AND (Concept #3a) AND(Concept #4a OR ((Concept #4b OR Concept #4c OR Concept #4d) OR (Concept #5a OR Concept #5b))
Example: "book store" AND ("18-24-year old" OR "generation z") AND (retail or "retail industry" or retailers) AND ((incentiv* OR motivat*) OR barrier OR obstacle))
Remember to put phrases in quotes ('") and concepts connected with OR in parentheses () for every set of concepts.
Craft stores wants to increase the number of 18-24-year-old customers.
You will be searching for information about:
Create a list of concept terms to assist your search.
Example:
Concept #1- craft* store
Concept #2 - 18-24-year-olds, generation Z
Concept #3 – retail or retail industry or retailers
Concept #4 – incentive or motivation
Concept #5 – barrier, obstacle
Depending on where you search (market research database, news database, scholarly & trade article database), you may search using one or more of these concepts. For article and news databases, you may combine terms in a search string, such as:
Example: (Concept #1a OR Concept #1b) AND (Concept #2a OR Concept #2b) AND (Concept #3a or Concept #3b) AND((Concept #4a OR Concept #4b)OR (Concept 5a OR Concept 5b))
Example: "craft* store" AND ("18-24-year-old" OR "generation z" ) AND (retail or "retail industry" or retailers) AND ((incenti* OR motiv*) OR (barrier OR obstacle))
Remember to put phrases in quotes ('") and concepts connected with OR in parentheses () for every set of concepts.
Deliverables for Module 1: