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11148075
Secondary Research
Descripción
Year 11 Business Studies Mapa Mental sobre Secondary Research, creado por AyItsLily I el 30/10/2017.
Sin etiquetas
business studies
year 11
Mapa Mental por
AyItsLily I
, actualizado hace más de 1 año
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Creado por
AyItsLily I
hace alrededor de 7 años
4
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Resumen del Recurso
Secondary Research
Annual reports
Report on a company’s activities throughout the preceding year (AO1)
+ "Tesco plc, strong first half progress; clear plan to create long term value" (AO2)
- If they have the time to make it (AO4)
- Whether the information is useful (AO4)
+ Business knows the strengths and weaknesses (AO3)
+ Make comparisons with competitors (AO3)
- If it's not detailed it is not useful (AO3)
- No opportunity for feedback (AO3)
Internal data
Data retrieved from inside the company to make decisions for successful operations, collected to determine revenue and profit (AO1)
+ Coca Cola: £31 billion revenue 2016 (AO2)
- If they have the staff to do it (AO4)
- How useful the information is to the business (AO4)
+ Cost effective (AO3)
+ Quick results (AO3)
- Could have a lack of expertise (AO3)
- Could be unreliable (AO3)
Competitors
- Competitors may be wrong (AO3)
+ Quick and easy (AO3)
- Doesn't take customers into account (AO3)
+ Cheap (AO3)
Collecting research on competitors to help a business see what it has to compete with and the changes it needs to make (AO1)
+ Pepsi: £48 billion revenue 2016 (AO2)
- Whether the competitors research is useful (AO4)
- Whether they collect necessary information (AO4)
Government sources
Sources of information supplied by the government (AO1)
+ health statistics (AO2)
- How many people were questioned (AO4)
- The types of people answering the questions (AO4)
+ Reliable (AO3)
+ Can give valuable information (AO3)
- Not always up to date (AO3)
- May not be relevant (AO3)
News
Newly received information about recent events (AO1)
+ BBC news (AO2)
- How relevant the information is (AO4)
- How much detail there is (AO4)
- Biased = Unreliable (AO3)
- Hard to reobtain information (AO3)
+ Seen by mass population (AO3)
+ Up to date (AO3)
Trade journals
Publication containing news and items of interest concerning a particular trade (AO1)
+ TheGrocer, ComputerWorld (AO2)
- If they have the time (AO4)
- How much information they collect (AO4)
+ Keeps track of a firms information (AO3)
+ Contains a business' strengths and weaknesses (AO3)
- Time consuming to make (AO3)
- Limited in depth (AO3)
Specialist organisation publications
A company that generates market research for a business (AO1)
+ TNS and Mintel (AO2)
- Whether they have the time to do it effectively (AO4)
- Whether the company are trustworthy (AO4)
- Might not reflect the company properly (AO3)
- Unplanned could be expensive (AO3)
+ Time effective (AO3)
+ Unbiased, reliable data and analysis (AO3)
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