Feedback provides a wide range of customized market research services that help understand markets in India and across the world, fine-tune strategies and answer fundamental questions such as “What is the market opportunity for my product? How do I succeed?”
Across the world, especially in India & South East Asia, differences in culture, language, markets, political systems, Govt. regulations, tax guidelines, etc. make market research the essential building block for any corporate, business or marketing strategy.
Feedback’s bouquet of services ranges from specific services such as mapping channel & distribution structures; evolving pricing strategies; etc. to more comprehensive services such as assessing markets, framing ‘Go to Market’ strategies and developing Business Plans for clients. Feedback goes beyond just collecting / collating information and offers valuable insights and real-world solutions that help resolve business issues and / or take advantage of opportunities. Feedback’s incredible track record of working on over 4000 research & consulting engagements across 36 sectors for over 600 clients, many of whom are leaders in their respective domains makes us your ideal partner.
Feedback has a range of offerings that provide accurate, real-time assessment of the current market / potential.
The forecasting framework triangulates the following, to effectively forecast future potential and trends for products / services:
This service offering involves assessing markets through an ‘Outside – In’ Perspective to identify market potential for a product or service in a particular sector. Extremely useful for both new entrants as well as existing players wishing to expand their marketing and business footprint.
This encompasses all the elements of the firms operations from inbound logistics, production / operations, outbound logistics to support functions such as marketing, planning, servicing, etc. Setting this out involves:
This exercise helps clients identify their competitive advantage & leverage them effectively as well as understand activities that need to be outsourced based on identified cost structures.
Feedback believes that ‘Understanding the Customer’ is the key to successful marketing. Usage and Attitude studies assist in identifying opportunities to reach, attract & retain new customers; improve product positioning, do customer segmentation and optimize product & service features based on a study of current usage / appeal of a product / service, latent opportunities and perception patterns of customers. This could be a dipstick / detailed assessment and qualitative / quantitative based on the outcome desired.
Develops plans to address customer needs, based on the following:
Assist clients to fine tune their ideas and introduce products / services with higher market acceptance, based on insights garnered from customer needs and wants & their reaction to the concept. This can be used for a new product / service as well as benchmark against existing solutions.
The process will involve:
Based on these outcomes, Feedback would recommend:
Strongly recommended to be undertaken when assessing a new customer prospect, partner, vendor or even when gauging competition. Arms the firm with information to devise their customer/ partner/ vendor strategy.
Can involve either a dip stick understanding of macro level details or a deeper understanding involving detailed analysis of product portfolio; markets served; channels; pricing; management structure; infrastructure; people strengths; key financial indicators; ecosystem such as vendors, partners, sub-contractors; business & marketing strategies; SWOT; business outlook, etc.
Feedback has extensive background of assessing potential acquisition / JV partners and competitors in India and other countries.
Mapping of best channel practices helps fine tune dealer strategy, find new partners and implement innovative practices. Feedback has worked with Clients who are leaders in their respective industries.
Pricing studies help find the optimal pricing for your product or service in a specific geography. In this offering, we track price variations in product SKUs across geographies as well as gauge acceptable price points and derive price build up.
We have undertaken exhaustive pricing studies across 8 countries in South East Asia and Middle East Countries as well as India. Our clients have used the outcome of these engagements to correct prices, introduce new retail / customer schemes, re-evaluate dealer relationships, to name a few instances.
Feedback can help you identify, profile and shortlist various firms based on your criteria of an ideal partner. The due diligence includes understanding of their basic operations & financials, SWOT, market reputation, strategic fit and their psyche.
Typically, we would map out all potential firms, filter based on the ‘must-have’ criteria, and then conduct a detailed analysis of the shortlisted firms to assess the best partner. We have extensive background in identifying channel partners, manufacturing partners and marketing partners in the B2B space.
Choosing a location for setting up a manufacturing, trade or service oriented business is one of the most critical decisions that can impact operations as well as the viability of the business.
Feedback assists in finding the ideal location based on a deep understanding of the market place. Some key factors impacting location choice include demand clusters, competition presence, supply chain strength, state government policies (taxes and regulations), raw material availability, accessibility of utilities among other important factors and parameters.
Feedback has assisted various clients in identifying the right location for their businesses.
Feedback has worked on feasibility reports and business plans for firms looking to diversify, start-ups, investment houses and PE funds as well. The key differentiator Feedback brings to the table is the strong market information and research foundation on which the business plan is built. In addition to being useful for raising funds, it also acts as a navigator for the firm in the early stages of the business.
‘Go-To Market’ engagements have been one of the most sought after services at Feedback among both multinational and Indian companies, wanting to enter the market or expand their business portfolio within the country.
Feedback through thorough research and analysis provides candid, clear insights and suggestions as to entry strategies.
There have been several instances where Feedback has urged clients against entry due to market constraints including lack of demand, high cost of set-up and governmental regulations.