WHAT IS A MARKET RESEARCH MANAGER?

WHAT IS A MARKET RESEARCH MANAGER?

Market Research Managers are responsible for creating and  improving processes for gathering information on various market  conditions, competitors, and consumer trends in their companies’  industries. They are typically responsible for managing a team of  researchers and reporting their findings to the head of the department.  Teams across the company then use these findings to help improve  products, guide marketing efforts, and more.

As a Market Research Manager, part of your role is to consistently  analyze Target’s position relative to its competitors and report on  these findings. As part of this process, you complete a SWOT analysis  for each of Target’s main competitors each quarter. The quarter is  coming to a close, and your boss has asked for the latest SWOT analysis  for Walmart.

INSTRUCTIONS

Step 1: Research

Search online and find 1-3 articles that discuss the competition between Target and Walmart. For each article:

  • Provide a link to the article.
  • Identify which aspects of the article will be helpful as you conduct your SWOT analysis.

Step 2: Strengths

Based on your own experiences shopping at Target and Walmart and the research you conducted:

  • Identify 1-2 strengths Target has in comparison to Walmart. For each strength, explain your rationale.

Step 3: Weaknesses

Based on your own experiences shopping at Target and Walmart and the research you conducted:

  • Identify 1-2 weaknesses Target has in comparison to Walmart. For each weakness, explain your rationale.

Step 4: Opportunities

Based on your own experiences shopping at Target and Walmart and the research you conducted:

  • Identify 1-2 possible opportunities Target has to be more  competitive with Walmart. For each opportunity, explain your rationale.

Step 5: Threats

Based on your own experiences shopping at Target and Walmart and the research you conducted:

  • Identify 1-2 possible threats that might diminish Target’s  competitiveness with Walmart. For each threat, explain your rationale.

Step 6: Who Will Come Out Ahead?

Based on your SWOT analysis, do think that Target or Walmart is better positioned over the long term to come out ahead? Why?

Step 7: Real-World Application

Conduct a SWOT analysis for your company and one of its biggest competitors using the methodology outlined in Steps 1-6.

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