
Identifying Needs and Market Research
Students learn how businesses identify consumer needs through primary and secondary market research. They analyze how data informs product development and marketing strategies.
TL;DR:Identifying Needs and Market Research is the starting point for any successful business venture. Students learn how businesses move from a vague idea to a data-driven strategy by investigating consumer behavior. This topic covers the distinction between desk research (secondary) and field research (primary), as well as the importance of market segmentation.
About This Topic
Identifying Needs and Market Research is the starting point for any successful business venture. Students learn how businesses move from a vague idea to a data-driven strategy by investigating consumer behavior. This topic covers the distinction between desk research (secondary) and field research (primary), as well as the importance of market segmentation.
In the Irish context, students look at how local businesses use research to compete with global brands. They analyze how companies like SuperValu or AIB use loyalty card data and surveys to tailor their offerings. This topic is essential for the 'Business in Action' section of the syllabus, as it provides the evidence base for all subsequent marketing and product decisions.
This topic comes alive when students can physically model the patterns of consumer preference by conducting and analyzing their own mini-market research projects within the school.
Key Questions
- What is the difference between field and desk research?
- How do businesses use market segmentation?
- Why is market research crucial before launching a product?
Watch Out for These Misconceptions
Common MisconceptionMarket research is too expensive for small businesses.
What to Teach Instead
Desk research and social media polls are low-cost ways to gather data. A 'Think-Pair-Share' on free research tools helps students see that information is accessible to everyone, not just big corporations.
Common MisconceptionIf I like the product, everyone else will too.
What to Teach Instead
Personal bias is a major risk in business. Conducting a 'Blind Taste Test' or a survey helps students realize that their own preferences may not reflect the wider market's needs.
Active Learning Ideas
See all activities→Inquiry Circle
The School Canteen Survey
Groups design a 5-question survey to identify a 'gap' in the school's food offerings. They collect data from other students, analyze the results using charts, and present a recommendation for a new product to the 'canteen manager'.
Gallery Walk
Market Segmentation
Images of diverse products (e.g., a high-end electric car, a budget airline ticket, a luxury watch) are posted. Students move around and identify the target market for each based on demographic, geographic, and psychological factors.
Think-Pair-Share
Desk vs. Field Research
Students are given a business idea (e.g., a new gym in Dublin). They brainstorm three pieces of information they could find online (desk) and three they would need to ask people directly (field), then compare lists with a partner.
Frequently Asked Questions
What is the difference between primary and secondary research?
How does active learning help students understand market research?
What is market segmentation?
Why is a pilot survey important?
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