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Marketing analysis: what it includes and how to conduct it

Posted: Wed Jan 22, 2025 5:46 am
by Maksudasm
Why is it needed? Marketing analysis is a necessary stage of any business from the moment of its launch. Its task is to comprehensively assess the operating conditions of the enterprise, make the necessary adjustments and eliminate errors.

How is it conducted? There are many methods and types of marketing analysis. They analyze the environment as a whole, the market, competitors, the economic health of the company, and much more. The choice depends on the tasks and size of the company.



The article explains:

The essence and 99 acres database objectives of marketing analysis
When Marketing Analysis Is Needed
Methods of analyzing the company's marketing environment
Market Marketing Analysis
The Nuances of Marketing Analysis in B2B
Digital Marketing Analysis
4 Marketing Analysis Methods for Every Occasion
The main stages of classical marketing analysis
Common Mistakes in Marketing Analysis

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The essence and objectives of marketing analysis
Most large enterprises systematically conduct marketing research in order to have an advantage over competitors. The concept of "marketing" itself is quite changeable. It has always been influenced by certain conditions of production and sales of products. At present, marketing is an organizational function and a set of processes for creating, promoting and providing a product or service to customers and managing relationships with them for the benefit of the organization. In other words, marketing activity is based on consumer demand.

Marketing analysis is aimed at assessing and comparing the internal work of an organization and the external environment (consumer interest). It is carried out in order to discover the weaknesses and strengths of the enterprise, and then eliminate problems and strengthen existing opportunities.

Effective marketing is a necessary condition for developing action plans, it is carried out in the process of their implementation. It is necessary to understand that marketing is used in the activities of not some special enterprises, but among the most ordinary ones, manufacturing or trade, for example. Therefore, it cannot be said that effective marketing is a universal concept for all companies without exception. On the contrary, the methodology brings success only if the methods of implementation are adapted to the conditions and possibilities of its application and the type of organization.

The essence and objectives of marketing analysis

Marketing research in a company is carried out in two directions. The first is an assessment of the possibility of releasing a product. The second is a search for a market segment for the production of goods. As soon as an organization begins to build its work, taking consumer demand as a guideline, it must seek answers to the following questions: