What is the biggest barrier preventing side launch

Assignment Help Marketing Management
Reference no: EM132392200

PLEASE, how to answer the questions based on the text below:

Data in Absentia

Deep observation and analysis of SWOT provide companies with ongoing marketing intelligence, and this practice is an essential component of a firm's overall marketing information system (MIS). But these data, commonly referred to as secondary research, normally provide little more than quantitative findings-the kind that gives firms like Side Launch an idea, for instance, of how many Ontarian beer drinkers are switching from big brands to craft beer. It doesn't delve into key insights companies need to know to answer the important question of "why"-as in "Why are people switching to craft?" or perhaps more interesting to Chuck Galea, VP Sales and Marketing, "Why don't some beer drinkers switch to craft?" For answers to questions like this, firms can guess, or they can conduct market research to get closer to the truth.

With Side Launch, however, like many start-ups, a directed marketing research project is a luxury of funding it simply does not have (at the time of this writing). "Honestly," admits founder Garnet Pratt, "we are not at the size where that even enters the equation." The bitter financial reality of many a small business is that it must navigate its way through complicated questions, fusing together observable forces of the marketing environment and a lot of experiential know-how.

"With those four beers," explains Michael Hancock, founding brewer, referring proudly to the four core brands brewed year-round at Side Launch, "I deliberately made them to cover four really different beer styles." He adds, with admirable pride, "And they're pretty damn easy to sell." Certainly sales of these beers, as well as sales of the quarterly seasonals (which always sell out), is a vivid measurement of the positive response by the market. For something more qualitative and yet still affordable, Side Launch will pay a lot of attention to how the press and bloggers are representing their beers to the public. Ratings sites such as Ratebeer.com and Untappd.com also provide a peek into the "why" as opposed to just the "what," but they alone do not answer unique market research problems Side Launch may encounter.

All of this is not to suggest Side Launch Brewing Company has no need for a scientific market research investment. "We're at a stage," admit both Garnet and Chuck. "Gaining some knowledge on brand recognition at this point would be really valuable," they concur. For now, however, with sharply increasing growth, supported by the collective experiential knowledge of the industry between Michael, Dave (VP Operations), and Chuck, Side Launch has little choice but to hold the fort with what it has created and rely on the most important metric of all-sales data-to prove their case. "We know right now," adds Garnet confidently, "that the four styles of beer that we sell year-round all sell very well and all have their significant strengths. And so our strategy going forward, our primary focus, is to produce as much of those as we can sell, to grow those brands within our established market, and then make prudent geographic expansions as warranted to incite growth." That prudence, one expects, will eventually involve the kind of fact checking that only a structured marketing research project can assure.

1. What is the biggest barrier preventing Side Launch from conducting formal marketing research?

2. What is the "research problem" acknowledged by VP Sales and Marketing Chuck Galea that Side Launch would like to solve?

3. What are some of the secondary data sources that Side Launch can use in its marketing research? What are the limitations of such data in informing Side Launch?

Reference no: EM132392200

Questions Cloud

What is a technical requirement : What is a technical requirement and how does it differ from a business requirement? Also, what is the relationship between a business requirement
Difference between machine-executable and macro viruses : What are four broad categories of payloads that malware may carry? What is the difference between machine-executable and macro viruses?
Marketing strategy is very important to the business : In marketing strategy is very important to the business, which involve 4 P's which is Product, price, promotion and place. Kindly help to explain in a simple ma
Category to consumers-customers : Is this true that repositioning refers to visual representations of how products or product groups are positioned within a category to consumers/customers?
What is the biggest barrier preventing side launch : What is the biggest barrier preventing Side Launch from conducting formal marketing research?
Example of a diversification strategy for side launch : What would be an example of a diversification strategy for Side Launch?
Group influence than products like salts : Why are products such as homes, automobiles, clothing, jewelry, and luggage more susceptible to reference group influence than products like salts, waxed paper,
Consider pricing from a strategic : Why it is crucial to consider pricing from a strategic rather than a tactical perspective? Please provide 2 references.
Provided by corporate entities deploying software products : It is important to ensure that adequate checks, balances, and assurances are provided by corporate entities deploying software products.

Reviews

Write a Review

Marketing Management Questions & Answers

  Integrated marketing communication

Developing an IMC plan of Amazon that aims to create awareness and knowledge amongst Singaporean  consumers of the ethics involved in buying clothing made from Bangladeshi factories  .

  Multiple choice questions on e-commerce

The assignment in Computer Science or Information Technology is about multiple choice questions, particularly in e-commerce. Questions such as types of e-commerce websites, commercial websites, disintermediation, Platform for Piracy, the data that ca..

  Balanced scorecard for red lobster

The assignment in marketing is about Red Lobster, which is one US and Canada's most loved seafood restaurant. It has hundreds of outlets in US and Canada and it now wants to expand further. The approach adopted by Red Lobster has been discussed in fu..

  Marketing plan - marketing audit, swot and smart report

The assignment in marketing is about preparing a marketing plan. As part of marketing plan, the SWOT analysis, assessing the competitive position, identifying critical competitive issues, marketing objectives, strategy and actions have been suggested..

  Marketing plan

Marketing deals with preparing a marketing plan for either an existing product or a new product. Various aspects about launching a new product into the market are discussed ranging from the industry the product belongs to, goals and vision of the com..

  Yamato corporation analysis - harvard case study

Please refer to the PDF for the Case Study and questions.The case study from Harvard Business School is about Yamato Corporation, a parcel delivery company which provides door to door delivery in Japan.

  Marketing plan - create a new product

The assignment in marketing is about competitive analysis for a new product namely "heated insoles". These heated insoles can be put in shoes and they can protect the wearer's feet by keeping them warm during cold winters.

  Report on digital marketing strategy for a website

Promotion strategies of  the one's own developed website

  Integrated marketing campaign of mccafe

Integrated marketing campaign for McDonald's McCafe. McCafe has been launched in Canada. This is a case study which involves the use of digital marketing and social media marketing apart from regular marketing such as TV and radio. All these more are..

  New product development at adidas

In this paper, the researcher also determines the different kind of practices used by Adidas to manufacture shoes for its customers.

  Managing services in competitive environment

Services can be defined as separately identifiable, intangible activities which provide want-satisfaction when marketed to household consumers and/or industrial users.

  Prepare a marketing plan

A marketing plan is an essential tool for any marketer, providing direction for a brand, product or organization. A marketing plan describes the marketing environment, marketing objectives and marketing strategies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd