Product Management – Market Research for Product Managers
Product Management – Market Research for Product Managers, available at Free, has an average rating of 4.61, with 12 lectures, based on 44 reviews, and has 915 subscribers.
You will learn about Understand and apply a market research methodology based around 5 key indicators (industry, user, competitor, trends). Assess the overall health of an industry by looking at the current size, the growth rate, potential market shar, barriers to enter/exit, etc. Identify which customer segments to target by looking at purchase behaviors, customer needs, frustrations, value, customer bargaining power, etc. Assess the level of competitiveness in the market by looking at market fragmentation, available substitutes, ability to differentiate, USPs, etc. Study the power of suppliers by looking at their size, their bargaining power, the availability of substitutes, etc. Identify large scale trends that can potentially impact the market and your product (technology, regulations and sustainability). Acquire practical insights through use cases on competition benchmarking and market trends analysis. Apply your newly acquired market research skills to a fun and engaging project This course is ideal for individuals who are Existing product managers that are already managing a product and want to understand their market better. or Existing product owners that are already managing a product and want to understand their market better. or New product managers that need to develop a product strategy and identify attractive markets. or New product owners that need to develop a product strategy and identify attractive markets. or Marketeers tasked to develop a marketing strategy around a new product and would like to have a better understanding on potential target markets. or Anyone interested in knowing more about how to adapt a product or service to the market. It is particularly useful for Existing product managers that are already managing a product and want to understand their market better. or Existing product owners that are already managing a product and want to understand their market better. or New product managers that need to develop a product strategy and identify attractive markets. or New product owners that need to develop a product strategy and identify attractive markets. or Marketeers tasked to develop a marketing strategy around a new product and would like to have a better understanding on potential target markets. or Anyone interested in knowing more about how to adapt a product or service to the market.
Enroll now: Product Management – Market Research for Product Managers
Summary
Title: Product Management – Market Research for Product Managers
Price: Free
Average Rating: 4.61
Number of Lectures: 12
Number of Published Lectures: 12
Number of Curriculum Items: 12
Number of Published Curriculum Objects: 12
Original Price: Free
Quality Status: approved
Status: Live
What You Will Learn
- Understand and apply a market research methodology based around 5 key indicators (industry, user, competitor, trends).
- Assess the overall health of an industry by looking at the current size, the growth rate, potential market shar, barriers to enter/exit, etc.
- Identify which customer segments to target by looking at purchase behaviors, customer needs, frustrations, value, customer bargaining power, etc.
- Assess the level of competitiveness in the market by looking at market fragmentation, available substitutes, ability to differentiate, USPs, etc.
- Study the power of suppliers by looking at their size, their bargaining power, the availability of substitutes, etc.
- Identify large scale trends that can potentially impact the market and your product (technology, regulations and sustainability).
- Acquire practical insights through use cases on competition benchmarking and market trends analysis.
- Apply your newly acquired market research skills to a fun and engaging project
Who Should Attend
- Existing product managers that are already managing a product and want to understand their market better.
- Existing product owners that are already managing a product and want to understand their market better.
- New product managers that need to develop a product strategy and identify attractive markets.
- New product owners that need to develop a product strategy and identify attractive markets.
- Marketeers tasked to develop a marketing strategy around a new product and would like to have a better understanding on potential target markets.
- Anyone interested in knowing more about how to adapt a product or service to the market.
Target Audiences
- Existing product managers that are already managing a product and want to understand their market better.
- Existing product owners that are already managing a product and want to understand their market better.
- New product managers that need to develop a product strategy and identify attractive markets.
- New product owners that need to develop a product strategy and identify attractive markets.
- Marketeers tasked to develop a marketing strategy around a new product and would like to have a better understanding on potential target markets.
- Anyone interested in knowing more about how to adapt a product or service to the market.
Why is doing a market research so important?
Entering a new market with an existing or new product is a serious strategic decision for a business which often comes with many unknowns. Are customers actually interested in our offering? How tough is competition? Is the market big enough to welcome a new player? What are the barriers to entry and exit? How much power do suppliers hold over us,…? These are but a few of the many unknowns that a business will face when entering a new market.
Thanks to market research, some of these unknowns will be elevated and risks can be limited to a certain extent.
Market research helps business to decide how to approach a specific market before committing a large portion of their hard-earned resources.
What will you learn?
At the end of this class you will be able to confidently assess the attractiveness of a market and formulate a recommendation whether to enter it, or not…
You will be able to build a robust recommendation using the 5 indicators from market analysis.
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Indicator 1 – Industry analysis: this indicator provides an overview on the market’s health. It accounts for elements such as the size of the market, the growth rate and how much market share can potentially be captured.
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Indicator 2 – User research:this indicator provides an overview on the customer segments present in the market. It accounts for elements such as purchase behaviors, customer needs, frustrations, value, customer bargaining power, etc.
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Indicator 3 – Competition benchmark:this indicator provides an overview on how competitive the market currently is. It accounts for elements such as market fragmentation, the available substitutes, the ability to differentiate, their USPs, potential entrants, etc.
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Indicator 4 – Supplier analysis:this indicator provides an overview on how strong suppliers are. It account for elements such supplier bargaining power, the size and number of suppliers, the availability of substitutes in their market.
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Indicator 5 – Market trends analysis: this indicator provides an overview on large scale trends that can potentially impact the market. It accounts for elements such as technology, regulations and sustainability.
There’s no specific equipment needed to follow this class. Only your happy self!
Who is this class intended for?
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Existing product managers / product owners: you are already managing a product and would like to have a better understanding on the current market you’re in or how you could enter similar markets.
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New product managers / product owners:you are starting as a product managers or product owner and you need to develop a product strategy for your new product or service.
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Marketeer: you are a marketeer looking to develop a marketing strategy around a new product and would like to have a better understanding on the markets that you could potentially target.
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Other product-related roles:Anyone interested in knowing more about how to adapt a product or service to the market.
What else can I offer you?
You will have access to:
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The slides of the course which you can use at your own convenience.
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Fun assignment to make things more tangible.
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Handouts and templates to help you in your day-to-day service design activities.
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Access to an industry expert. In case you have questions feel free to contact me and I will do my absolute best to guide you.
Now it’s your turn!
Do you want to improve the customer experience in a fail-safe way? Then this course has everything you need and more!
Course Curriculum
Chapter 1: Introduction
Lecture 1: Introduction
Chapter 2: Indicator 1 – Industry analysis
Lecture 1: How to do an industry analysis for a new product
Chapter 3: Indicator 2 – User research
Lecture 1: How to do user research for a new product
Chapter 4: Indicator 3 – Competition benchmark
Lecture 1: How to do a competition analysis for a new product
Lecture 2: Case in point on competition analysis
Chapter 5: Indicator 4 – Supplier analysis
Lecture 1: How to do supplier analysis for a new product
Chapter 6: Indicator 5 – Market trends analysis
Lecture 1: How to do a market trend analysis for a new product
Lecture 2: Case in point on market trend analysis
Chapter 7: Now it's your turn!
Lecture 1: Market research project
Chapter 8: Key takeaways
Lecture 1: The key takeaways on market research
Lecture 2: What to learn next?
Lecture 3: Sharing your thoughts
Instructors
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Thibault Dubois
Manager in business consulting
Rating Distribution
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- 2 stars: 0 votes
- 3 stars: 3 votes
- 4 stars: 16 votes
- 5 stars: 25 votes
Frequently Asked Questions
How long do I have access to the course materials?
You can view and review the lecture materials indefinitely, like an on-demand channel.
Can I take my courses with me wherever I go?
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!
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