Survival Of This Market. Primary Data Reveals Essay

PAGES
3
WORDS
920
Cite
Related Topics:

¶ … survival of this market. Primary data reveals the direct relationship between the company and consumers. Secondary data, on the other hand, is reused primary data; it assesses the accumulated information and then uses that to reassess and improve its product. It also relies on the data collected during a past period to restructure the product in different ways. The primary data that I would need in connection with Leftfoot are the following:

I would like to know which of these shoe products are the most popular; which the least popular; and which have potential for popularity in the future?

I would like to know the mean number of consumers that frequent this site: what draws them to this site; repels them; how I can structure this site so that it appears more appealing to them. I would like t o know whether consumers are indeed satisfied by Leftfoot and whether they find that the company fulfills its promise with each of tips brand of shoes featured. In other words, does each shoe featured indeed deliver "design, quality, function and style"

Ways that I might collect this data would be through surveys, focus groups, and interviews. I could also conduct some netnography research, which would entail approaching relevant online groups, either lurking on their sites or picking up information regarding their preferences and consumer habits, or asking them directly (Kozinets, 2009).

Leftfoot found...

...

In this manner, the managers of Leftfoot could see the amount of people that were, for instance interested in Adiddas (4 posts).
Nike, Converse, and Dr. Martens seems to be the most popular brands, whereas Icon with nil posts seems to be the least popular. Primary data also reveals to me that Leftfoot also offers accessories such as handbags and sunglasses for which there is some interest although their footwear remains the key-selling item.

Leftfoot also has a contact address, as well as Facebook access. I could find their mean customer by browsing through the individuals represented on their Facebook account. The pseudonyms of these individuals indicate that these are people who seem to consider themselves energetic. They are likely a younger to older middle-aged population who can afford more money on a quality piece of footwear. The photographs of the footwear reveal that these are not slanted for adolescents. The color and style of the footwear tell me as much too.

My seconday data would devolve on the following:

1. I would like to research the most popular brands of footwear

2. I would like to collect data on the most popular sites that e-consumers frequent to buy their footwear and research reasons for their frequenting these sites.

3. I…

Sources Used in Documents:

Pew Research Center. (2002). Pew Internet & American Life. Retrieved December 24, 2010, from: http://www.pewinternet.org

Strategic Business Insights. U.S. Framework and VALS ™ Types.

http://www.strategicbusinessinsights.com/vals/ustypes.shtml


Cite this Document:

"Survival Of This Market Primary Data Reveals" (2011, February 07) Retrieved April 20, 2024, from
https://www.paperdue.com/essay/survival-of-this-market-primary-data-reveals-49653

"Survival Of This Market Primary Data Reveals" 07 February 2011. Web.20 April. 2024. <
https://www.paperdue.com/essay/survival-of-this-market-primary-data-reveals-49653>

"Survival Of This Market Primary Data Reveals", 07 February 2011, Accessed.20 April. 2024,
https://www.paperdue.com/essay/survival-of-this-market-primary-data-reveals-49653

Related Documents
Market Driven Management
PAGES 75 WORDS 25695

Pharmaceutical industries have to operate in an environment that is highly competitive and subject to a wide variety of internal and external constraints. In recent times, there has been an increasing trend to reduce the cost of operation while competing with other companies that manufacture products that treat similar afflictions and ailments. The complexities in drug research and development and regulations have created an industry that is subject to intense

Survival of Zi Wei Do Shu or the Purple Star Astrology The psychology and behavior of individuals has been studied using the astrological structured for years, however this aspect has not been evaluated and researched in detail especially in the context of the Purple Star Astrology from the Chinese Astrological Structures. This section reveals a concise, yet comprehensive review of preceding theories and researches of human behavior and psychology existent within

Com. In case of several companies, enhancing customer relationships is among the most capable features of e-commerce. However, whereas the Internet has presented the consent of a novel method to draw and communicate with the customer, hardly few enterprises have discovered a method to efficiently manage interactions with their customers on the Internet. (David, 2000) The real skill is involved in making the device suitable to accomplishment of the business strategy

Behavioral Finance and Human Interaction a Study of the Decision-Making Processes Impacting Financial Markets Understanding the Stock Market Contrasting Financial Theories Flaws of the Efficient Market Hypothesis Financial Bubbles and Chaos The stock market's dominant theory, the efficient market hypothesis (EMH) has been greatly criticized recently for its failure to account for human errors, heuristic bias, use of misinformation, psychological tendencies, in determining future expected performance and obtainable profits. Existing evidence indicates that past confidence in the

The following is a chart of what the February 2006 crash looked like, according to Bloomberg.com. Source: Bloomberg.com, 2007 According to Bloomberg, this downward crash had a dramatic effect on the U.S. market as well. When one views this chart, it is no wonder that speculators are divided about the reactions of Saudi Investors. This was a devastating crash for many and it will undoubtedly have a dramatic effect on their decisions

2007 Economic Crisis on American Car market Effect of the 2008 global economic crisis on automotive industries Crisis in the United States Crisis in Canada Crisis in Russia Crisis in European markets Crisis in Asian markets Effects by other related crisis events In this paper, we will review the effects of 2008 global automotive crisis. Our main focus will be on the American car manufacturers and the negative impact they suffered due to the crisis. We will