Secondary Research

Descrição

Year 11 Business Studies Mapa Mental sobre Secondary Research, criado por AyItsLily I em 30-10-2017.
AyItsLily I
Mapa Mental por AyItsLily I, atualizado more than 1 year ago
AyItsLily I
Criado por AyItsLily I aproximadamente 7 anos atrás
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Resumo de Recurso

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

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