Primary Research- Definition, Examples - Case Study Example

  There are typically many observable challenges, but the most serious is lack of centricity of the consumer where there is needs to build capability and incorporate the perspective. Second, is lack of the ability to realize the potential value to the business. Lastly, it is the pressure for the company to push to evolve, cement company performance and share leadership.Notes: Usually new trends come and go. For instance, using digital media to listen to reviews and feedbacks. Certainly, the internet has improved the speed with which consumer insight can be incorporated into timely decisions and quality of insight is equally high.

Notes: This is a very useful tool as it gives the projections expected in business performance for a certain period of time. This implies that your strengths and weakness will be absolutely apparent since one will have written about them in his or her business plan. In addition, it helps one to gain confidence in their strengths.Notes: In particular, an academic foundation is a key to good business planning in line with rich sources of general knowledge about the business to be started. Despite the fact that a business plan is a written document, the initial creativity must always come from the entrepreneur himself.

Notes: Academic pursuit in this respect is a way of laying a strong foundation in preparation for research, presentation and identifying the subject of choice. This way one is able to specialize and do what he or she is best at. I, therefore, can strongly say that in the next 5 years I should have expanded and diversified.In conclusion, it is evident from the three interviewees that primary research is the backbone of an effective plan.