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Need and Importance of Market Research for Medium Small and ups

The critical input that would play a pivotal role in taking Indian Economy to still greater heights in the global markets would be the entrepreneurial mindset of its human resources. Further, it would be small and medium start-ups that would play a critical role in years to come. Opportunity identi...

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Bibliographic Details
Main Author: Kumar, Arya
Format: Article
Language:English
Published: 2013
Subjects:
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100 |a Kumar, Arya 
245 |a Need and Importance of Market Research for Medium Small and ups  |c Kumar, Arya. 
260 |c 2013 
300 |a 425 - 436 
520 |a The critical input that would play a pivotal role in taking Indian Economy to still greater heights in the global markets would be the entrepreneurial mindset of its human resources. Further, it would be small and medium start-ups that would play a critical role in years to come. Opportunity identification needs to be backed-up with sound market research. In the present highly dynamic environment, it is essential for an entrepreneur and his team to undertake market research to handle and process information, so as to take far more informed decisions that would enhance their chances of long term survival and success. Market Research helps in avoiding making expensive mistakes by way of going in for an unpopular product or services that are not desired by prospective customers. Competitiveness revolves around continuous interactions between entrepreneurs and customers. Entrepreneurs as suppliers of goods and services compete against other suppliers of similar goods and services in a market by using available resources and capabilities to serve market needs better than their competitors. Their offerings take the form of product characteristics and features designed and developed to... 
650 |a Competitive Analysis 
650 |a Competition And Competitive Advantage 
650 |a Market Sizing 
650 |a Customer Segmentation 
650 |a Identifying Target Customer 
650 |a Customer Needs 
650 |a Small & Medium Enterprises 
650 |a Market Research 
650 |a Smes 
650 |a Small And Medium Enterprises 
650 |a Entrepreneurship In The Sme Sector 
650 |a Entrepreneurship 
650 |a Tenth Biennial Conference On Entrepreneu 
650 |a Biennial Conference Papers 
773 |a Tenth Biennial Conference on Entrepreneurship  |d February 
999 |c 42721  |d 42721