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The main focus is to concentrate on the company itself, its associations and environment, which might be missed when conducting a market, competitors or customers research.
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What are possible ways to perform Traditional Research?
- SWOT
- Strengths (internal, positive)
- Weaknesses (internal, negative)
- Opportunities (external, positive)
- Threats (external, negative)
- 5 C's
- Company (including strengths and weaknesses)
- Customers (including needs and pain points)
- Competitors (including value proposition)
- Collaborators (including suppliers, distributors, etc.)
- Climate (including market size and characteristics, opportunities and threats, regulation)