market research 01.11.2010 pasi saukkonen andrea sarvia
TRANSCRIPT
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MARKET RESEARCH
01.11.2010
Pasi Saukkonen
Andrea Sarvia
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Background – ADP
A mobile schooling timetable for students
” The first mobile schooling timetable in the mass markets that students can download easily and
access everywhere”
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Research questions
What is the macroenviroment we are operating?
Is there demand for our product within university students?
How much would students pay for our application?
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Approach
Macroenvironmental analysis
Qualitative research
User (customer) queries
Distributed via social medias
Conclusions with graphs
Analyzed with GoogleDocs and statistical methods
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MACROENVIRONMETAL CHANGE – Possibilities and Threats
Political Economical SocialTechnologica
lEcologic
OPPORTUNITY
Students as customers and developres states/towns/ institutions iniatives
Our consepts universality
Unlimited global markets
Trend sensitive customers
Lack of centralized schooling tt
Less common timetables
More difficult for students to master their time
”One have others want” phenomenon
The future role of the mobile phone
Universal supportive end-devices (Nokia phones)
People move, data transfers
THREATNo political barries
Confined to Nokia
First-mover
Little recources
Customers paiyng capacity
Students abided by old habits
Big diffusion threshold
Too little supportive end-devices (in Fin.)
Reluctance to adapt new tech.
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COMPETITION ENVIRONMENT - THREATS AND OPPURTUNITIES
CUSTOMERS CURRENT COMPETITORS
POSSIBLENEW
ENTRANTS
SUB-SUPPLIERS
OPPURTUNITY GlobalYoung and adaptiveProne to marketingUniversal needsCheap priceHuge marketChance to sell our app to schools
Low competition intensity (iTable)Not as effective user-experiencesOnly individual applications (no communal features) New things in big org. Do happen slowlyFirst moversCheap price
Current ambition to compete relatively lowHave not yet discovered the potential (the need)Become a leader in this market
Optimal supply chainFrom web directly to customerNo external costsEase of useAds
THREAT StingyUnwilling to payPassive without push (marketing)Student could find our app unuseful before try it
Highly expertised and financedHuge resources
Easy to copy and utilize the existing user base (big Corp.)Aggressive if succesfullBig Corp. Could make a better app and advertise it better
Downloaded from OVI-store Limited to Nokia phones (and certain models)
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Analyzing Markets – findings 1/3
University Students in FinlandTotal aprox. 300 000
168500
121000
14000
University
UAS
Metropolia
The use of mobile devices among young people has grown significantly
Mobile phone’s purposes of use are to grow in the future
Young people are apt to these changes
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Questionnaire
What kind of a mobile phone you have?Model? (leave empty if you don't know)Do you think that it would be useful to have
an application in your mobile that would let you view and modify your school timetable in real-time?
Would you download this application for 1 € or 2 € ?
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Findings 2/3
85 responses of which 51% Nokia phones
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Findings 3/3
Usefulness 79%
Willing to pay 39%
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Significance
Cluster sample – each cluster representative of the population.
Cost effective but needs larger sample to acquire the same level of precision
Coverage, Nonresponse, sample and measurement errors
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Significance
• Closeness to unknown population parameter can be estimated calculating the confidence interval
• Stated in terms of level of confidence
• Level of confidence: 95%
• Formula
Population parameter (intrest to our product) with 95% certainty lies in between the (73%, 84%)
Correspondingly the willingness to pay (1€ or 2€) with 95% certainty in between (29%, 49%)
n
p)p(1Zp
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Benefits of our research
Convincing results for our case company They started to believe in our product
Good – even not perfect – price indicator
There is actual demand for our product in the markets
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Learning experience
Showed the usefullness of internet distributed queries (cheap and effective)
Social medias excellent channel to distribute queries
However, surveys confidentality must be argued
Statistical methods useful in analyzing Case companies find market researches and
figures important