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8/9/2019 Module 1 Research Tools
http://slidepdf.com/reader/full/module-1-research-tools 1/5
Research Tool
Describe who creates the
report and
the data sources
How can it be used to assess
market viability?
Notable
Findings
1. US Department of Commerce
Country Commercial Guides
Created by US embassies
with assistance from severalUS government agencies.
The reports can give you a better
understanding of a countriescurrent commercial environment.
Access to information such asmarket overview challenges
opportunities entry strategies political and economic
environment trade regulations
investment climate trade eventsetc Can be useful to determine if
a product!business will have
potential growth in a givenmarket.
"repared annually. #eports
created by using economic political and market analysis.
"retty thorough report but somecountries do not have a report.
$or e%ample not all Caribbeancountries are featured.
2. AT &earney Global #etailDevelopment #eport
'also provides other good reportssuch as Globali(ation and $D)
confidence*
#eport is created by AT&earney a global
management consulting firm.Analy(es +, macroeconomic
and retail-specific variables
The Global #etail Development)nde% ranks the top /
developing countries for retaile%pansion. The reports help
retailers create global strategiesand identify market
opportunities. )t helps retailers
assess current and future markets
for possible continuede%pansion.
Annual report.
3. 0orld 1ank2s Doing 1usiness in3 The 0orld 1ank Group The doing business reports
measure business regulations and
their enforcements in 456economies. These reports
provide data on the ease of doing business rank each location and
recommend reforms to improve
A lot of data. 7ery useful in
assessing a particular country.
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performance in each of theindicator areas. )t is useful
because it helps you gain a better
understanding on the business
environment in each country before doing business with them.4. Transparency )nternational
Corruption
Transparency )nternational
8rgani(ation an organi(ationtaking a stance against
corruption around the world.
The organi(ation provides an
overview of corruptionchallenges and ranks each
country on a scale based on their
level of corruption. )t isimportant to be aware of a
countries corruption whenassessing it as a potential market
for your business. )f a country istoo corrupt it will not be a viablemarket.
"rovides recommendations for
each country to battle theirrespective corruption
challenges.
5. Global 9dge :arket "otential )nde%'Global 9dge is also a fantastic
resource portal
for all things )nternational 1usiness
research*
$unded by US Department of 9ducation. The :arket
"otential )nde% is conducted by the :ichigan State
University )nternational
1usiness Center. Sourcesinclude 0orld 1ank US
9nergy )nformationAdministration )nternational
Telecommunication Union
9uromonitor )nternational;eritage $oundation
$reedom ;ouse US Census1ureau $oreign Trade
Division Swiss 9%port #isk)nsurance Coface and
:arket "otential )nde% helpsmarketers evaluate which
international markets to enterand what kind of strategy would
be applicable for that particular
market. )t provides an idea of theoverall market potential for a
business or product.
8nly provides market potentialfor 5< countries.
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Credimundi.
6. United =ations 'U=*;umanDevelopment )nde%
The )nde% is created by theUnited =ations Development
"rogram. Sources include the
U= Department of9conomics and Social
Affairs U=9SC8 )nstitutefor Statistics 0orld 1ank
and the )nternational:onetary $und.
The ;uman Development )nde%gives marketers an idea on the
development of a particular
country based on the people andnot merely its economic growth.
)t is based on a summarymeasure of human development
such as a long and healthy life being knowledgeable and have a
decent standard of living.
Covers 45< countries. 0hy ;D)is important> :alaysia has G=)
per capita higher than Chile but
life e%pectancy at birth is about, years shorter mean years of
schooling is shorter ande%pected years of schooling is
+., years shorter resulting inChile having a much higher
;D) value than the :alaysia.8ffers a broad pro%y measure acountries level of development.
7. ;eritage $oundation 9conomic$reedom
The ;eritage $oundationresearch staff
9conomic $reedom is associatedwith healthier societies greater
per capita wealth democracy
etc. The )nde% of economicfreedom covers 4/ freedoms in
45? countries. The inde% isuseful in analy(ing economies
throughout the world and providing long term insights of a
country2s political and economic
developments which affectmarket viability.
4/ economic freedoms include property rights freedom from
corruption fiscal freedom
government spending businessfreedom labor freedom
monetary freedom tradefreedom investment freedom
and financial freedom.
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8. @ogistics "erformance )nde% The 0orld 1ank. 1ased on asurvey of operators such as
freight forwarders and
e%press carriers that provide
feedback on logistics in thecountries they operate in andtrade with.
;elps countries identifychallenges and opportunities
they may face in trade logistics
in different countries. )mportant
if marketers plan to e%port orimport their products.
Comparisons across 4?/countries. ;elpful for trade and
logistics. Available for domestic
and international. )nternational
ranks 4?/ countries on si% tradedimensions 'customs performance infrastructure
uality timeliness ofshipments*. Domestic @") looks
at the logistics environments in
44? countries. Surveyedlogistics professionals assess the
logistics environments in theirown countries.
9.
"assport Global :arket )nformationDatabase 9uromonitor )nternationalresearch company forconsumer markets. Data
derived from databasesreports books and
consulting.
"rovides key businessintelligence on countriesmarkets and companies. )t
connects market research to your company goals and annual
planning analy(ing marketconte%t competitor insight and
future trends impacting
businesses globally. Good toolfor access to a lot of information
and easy way to filter the data.
:ust pay for access or haveaccess via a university.
10. ;ofstede2s Culture Dimensions ;ofstede Center operated by
itim )nternational an
organi(ation focusing oncultural influences. 1ased on
the work of professor Geert;ofstede 'how values in the
workplace are influenced byculture*.
Understanding cultural values
helps you understand what may
and may not work in differentcountires. This tool allows you
to compare the values ofdifferent countries based on ?
dimensions and providesmarketers with the meaning
8nly offers cultural information
for 4// countries. Does not
mean everyone in a society is programmed the same way.
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people from different culturesattach to various aspects of life
and how that influences their
respective societies. This tool is
very useful in market viability because it gives marketers a better understanding of the
culture of where they plan to do business.
11. =ation 1rand )mage
12. 0orld 9conomic $orum
13. 9conomist )ntelligence Unit
14. 1ig :ac )nde%
15. ):D 0orld Competitiveness )nde%
16. 0orldwide Governance )ndicators
17. $reedom ;ouse "olitical $reedom)nde%
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