EduTutor - Market Expansion Research 23-24
Portée du projet
Catégories
Étude de marché Analyse concurrentielle Segmentation de la clientèle Expansion du marché Analyse marketingCompétences
demography project management target market researchEduTutor is looking to expand to the United States and Western Canada. We have many students around the world but plan on exploring the West Coast. With your help, we hope to assess our customer landscape beyond the demographics we currently cater to by learning about their expectations and behaviors.
This will involve several different steps for the students, including:
- Researching the target market in potential new locations including demographic data such as spending power, proximity, accessibility, and location appeal, and creating a weighted decision matrix to assign importance to each factor.
- Creating a survey based on the location and demographic information above to be distributed by our company.
- Analyzing survey data using the weighted decision matrix to decide on the best location options for us to expand to.
- Compiling a report including the location analysis, and optimal location recommendations.
By the end of the project, students should complete the following list of activities.
- Research our target market in new areas and create a weighted decision matrix.
- Create a survey based on the appropriate location and demographic information.
- Analyze survey data collected, using the weighted decision matrix they created to decide on the best location(s) to expand to.
- Create a report including all research, survey data, and analysis with location recommendations based on the weighted decision matrix.
Final deliverables should include
- A report including all research, survey data, and analysis with location recommendations based on the weighted decision matrix.
- A slide deck to be presented to the project manager explaining the report including all choices made and location recommendations.
Students will connect directly with us for mentorship throughout the project. We will be able to provide answers to questions such as:
- What do our present sales look like with respect to each location?
- Who are our largest competitors? What products/services do they provide that are similar to ours?
- Input on choices, problems or anything else the students might encounter.
À propos de l'entreprise
EduTutor is a social venture whose goal is to provide affordable and quality tutoring for students. Our other mandate is to provide BIPOC university and college students the opportunity to teach our clients and to learn how to teach from professional instructors.