Industrial and Business Consultancy
Market Research & Business Development Support
Market Research & Business Development Support
What is it?
Market Research &
Business Development Support involves analyzing market trends, customer
behavior, competitors, and industry opportunities to create effective growth
strategies. It helps businesses identify new markets, products, and
partnerships for sustainable expansion.
Benefits
- Identify new market opportunities and target customers.
- Gain insights into competitors’ strengths and
weaknesses.
- Improve decision-making with accurate market data.
- Enhance brand positioning and sales strategy.
- Reduce business risks by understanding market demand.
- Support for domestic and international expansion.
Process
1.
Initial
Consultation – Understanding client
requirements and business goals.
2.
Market
Analysis – Studying industry
trends, demand-supply gaps, and competitors.
3.
Customer
Research – Surveys, interviews,
and data collection.
4.
Strategy
Development – Designing business
development and marketing plan.
5.
Implementation
Support – Assisting in lead
generation, partnership building, and sales expansion.
6.
Review
& Reporting – Continuous monitoring
and progress updates.
Documents Required
- Company Profile / Business Details
- Product / Service Information
- Target Market Details (if any specific)
- Previous Market Research Data (if available)
- Sales / Customer Data (optional but useful)
Service Related FAQ
What is Market Research?
It is the process of gathering, analyzing, and interpreting information about a market, competitors, and customers to make informed business decisions.
Why is Market Research important?
It helps identify opportunities, reduce risks, understand customer needs, and plan effective strategies.
What is Business Development Support?
Assistance provided to grow a business through sales strategies, partnerships, client acquisition, and market expansion.
How does Market Research support Business Development?
By providing insights on target markets, customer preferences, competitors, and trends to guide strategic decisions.
What tools are used for Market Research?
Surveys, interviews, focus groups, industry reports, analytics platforms, and CRM data.
