Strategic Research – Take The Right Decision That Can Keep Up Your Brand Image

Any brand cannot take a decision of launching a product or service in a sudden haste. Often taking such quick decision can lead the company to big problems or also to a huge loss. This is the reason, proper planning and research is required so that the brand can come up with a product that is fruitful and that can reap profits for the brand. One such research conducted quite often by the big brands has been strategic research. Strategic Research is mainly a marketing strategy that helps the brands to analyse the situations well and then come up with the correct decision. The research is mainly conducted in three different levels and these are: Category level Product level Brand level   Category Level This level is mainly about the category of consumers who will be interested in having a look at the product to be launched. The level again is conducted with the help of a number of methods. Usage of the product is analysed along with the attitude of the consumers towards the product. One would also analyse the kinds of barriers in acceptance of the category. Most importantly, it has to be known that which segment of…

Tactical Research: an important enabler to reach your organizational goal
Tactical Research / April 18, 2017

Without effective tactical research, even your best strategic plans can fail. Tactical Research helps better understand competition, customer psyche and helps devise effective tactics to employ for maximizing reach and profitability. Strategic planning enables you to reach a goal, while tactical research helps you to use the best means available to reach the goal. Using effective tactical methodology, an organization can usher in great customer satisfaction and attain business goals using optimized financial resources in the most efficient manner. Tactical research is imperative for the success of any impactful strategy, as it helps you define and build the tactics that you can effectively use to capture the market and create a customer connect. Organizations should frequently undertake Tactical research as it is critical for success and it focuses on actions that have immediate benefits and maximize the available opportunities. Hence, it is extremely important to have a number of tactics lined up and choose the best option carefully researching the market so as to become a game changer. Tactical Research helps find defects or faults in the business plans, and gives us the in-depth knowledge of our plans, helping improve our strategy. By using information on market, users, competitors and…

Strategy Consulting Firms: providing a competitive edge to Indian organizations

Every organization wants to achieve a competitive edge and that can only be done through a key differentiating factor which a strategy consulting firm with their expertise can help determine and accomplish. So, what exactly does a strategy consulting firm do? The Strategy consultants help identify and analyze the core problems of an organization, the resources available and advice on the future goals and decision-making process. They often provide long term sustainable solutions after evaluating an organization’s capabilities and the available market opportunities. Many may ask why organizations need to hire an outside agency and why can’t they do it themselves considering the higher cost involved? Most of these strategy consultant firms have a deep understanding of the industry and an expertise on both small and large scale enterprises helping them address a wide variety of issues suitable for different industry sectors, governments, academic and non-government institutions or individuals etc. These issues can vary from strategy, finance, sales and marketing, technology, operations, mergers and acquisitions to performance improvements. The strategy consulting firms can provide dynamic, interactive and flexible workable solutions with a better analysis and perspective of risk involved and changes required. Henry Mintzberg, an internationally renowned academic and author…

The Guiding Lights of Coral, A Strategy Consulting Firm

Strategy is much more than just a plan. Strategy consulting firms are much more important for the future of any enterprise that seeks to grow in their business.  It’s the time of year that we here at Coral are thinking one thing: surveys. We think this is what most strategy consulting firms would be busy with. To get the information from company insiders that informs our rankings and company profiles, we spend months surveying employees, reading the results, and condensing them to bring to a variety of leading companies, a profile of how life is, across markets. Does strategy determine resource allocation? Is every employee empowered to execute the strategy you think of? At Coral, we see strategy as much more than a plan. It is our core business. We work with companies in every industry to develop strategies that deliver results. We are happy to have helped several clients across a myriad of industries to develop and deliver winning strategies. As a strategy consulting firm, these are some points that guide our thought processes: See things that others miss. This is important to come up with creative solutions to create value in any business. We believe it is crucial…