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FACC 500 Technology Business Plan Design

Market Research Canvas

Business Model Canvas created by Alexander Osterwalder in 2008. 

Market Research Canvas adapted by Amanda Wheatley in 2019. 

Idea Generation

When deciding what type of product to introduce or how it might fit into an existing market, you can use some of the resources below to review trends and get inspired.

Consumer Research

Using the resources below, find detailed consumer behaviour characteristics about your potential customers, and information about your market segmentation and target market to your marketing plans.

See also: Consumer Research guide

Industry & Market

Use the databases below to help build a profile for your industry and market. The data in these reports will help you determine the size of your market, its growth rates and future potential, trends and forecasts, barriers to entry, and threats to the market.

Tips!
- Use reports from multiple databases to get a complete picture of an industry.
- If you can't find a report for the Canadian market, look for a US report and determine if the information there could be applied to the Canadian context.

Company Analysis

Use the industry and market resources below to find information on competitors, such as: 

  • Names of brands/companies that are direct and indirect competitors;
  • Market shares of competitors;
  • Details about the industry

Marketing Mix

Use the questions below to help you determines the typical aspects of a marketing mix. 

Products & Pricing

  • What does your product look like? How is it packaged? What makes it different from other similar products?
  • What is its Product Life Cycle?
  • What is the pricing strategy and margins for your product?
  • For inspiration, see trendwatching.com and the Branding Research Library
  • For details about existing brands and products, and popular brands in a given industry, see the Company Research guide and the Industry guide.

Distribution & Promotion:

  • How will consumers learn about your product?
  • How and where will the product be distributed?
  • How will it be displayed?
  • For advertising rates and inforamtion, see the Advertising guide.

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