SIB460 - Trade Research/Market Analysis
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|Last revision date||May 30, 2016 12:21:27 AM|
|Last review date||Aug 8, 2016 12:15:09 AM|
Trade Research/Market Analysis
This course describes the importance of international market research and market analysis in the success of an exporting venture. Students will apply research techniques to market analysis and selection through practical experience, based on Forum for International Trade Training (FITT) recommendations and standards.
Upon successful completion of this subject the student will be able to:
- Describe the value and role of research in making international trade decisions.
- Assemble broad, strategic questions into a research "map" to guide the needs of international marketing.
- Identify steps in the international research process, manage basic stages of a research project and explore the issues surrounding metrics, including their formulation, function, analysis and strategic implication.
- Identify relevant information sources such as published sources, electronic database, networking, focus groups, surveys.
- Collect and analyze data.
- Use metrics in analyzing research results, demonstrate knowledge of basic quantitative methods in evaluation of marketing strategies and expenditures, as well as manage productivity.
- Understand and describe market intelligence, compile and maintain competitor intelligence, information and data.
- Apply research techniques to market analysis.
- Use market assessments to evaluate and prioritize export markets.
- Understand different stages in International Marketing process (project stages).
- Evaluate alternative data collection techniques in terms of methodological difficulty and cost.
- Present the results of research and analysis in an organized, concise and comprehensive report.
- Acquire skills for successful team work.
Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.
Respond to written, spoken, or visual messages in a manner that ensures effective communication.
Execute mathematical operations accurately.
Apply a systematic approach to solve problems.
Use a variety of thinking skills to anticipate and solve problems.
Locate, select, organize, and document information using appropriate technology and information systems.
Analyze, evaluate, and apply relevant information from a variety of sources.
Show respect for diverse opinions, values, belief systems, and contributions of others.
Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.
Manage the use of time and other resources to complete projects.
Take responsibility for one's own actions, decisions, and consequences.
Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.
To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at firstname.lastname@example.org.
Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.