Market Research for New Market Expansion Template

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Embark on your market expansion journey with a structured approach to identifying opportunities in new regions. This template helps you track and prioritize market research tasks, from establishing a research team to setting up local operations.

By following this template, managers can organize and prioritize research efforts, gain valuable insights faster, and develop effective market entry strategies.

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Market Research for New Market Expansion for Priority Matrix

Market Research for New Market Expansion in Priority Matrix

Prioritize and track tasks for market research to identify opportunities in new regions.

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Proposed Tasks

Not Urgent and Not Important

  • Task 1: Establish Market Research Team - due in 1 week
    ☐ Select team members ☐ Define roles and responsibilities ☐ Set up team meeting
  • Task 2: Identify Potential Markets - due in 2 weeks
    ☐ Research global consumer trends ☐ Analyze market data
  • Task 3: Define Research Methodology - due in 3 weeks
    ☐ Choose research tools ☐ Plan research process
  • Task 4: Conduct Market Research - due in 1 month
    ☐ Execute research plan ☐ Collect and analyze data
  • Task 5: Compile Research Report - due in 5 weeks
    ☐ Summarize findings ☐ Prepare detailed report
  • Task 6: Present Findings to Management - due in 6 weeks
    ☐ Prepare presentation ☐ Schedule meeting with management
  • Task 7: Develop Market Entry Strategy - due in 2 months
    ☐ Define target audience ☐ Plan marketing and sales strategy
  • Task 8: Budget Planning - due in 10 weeks
    ☐ Estimate marketing costs ☐ Plan for operational costs
  • Task 9: Establish Local Partnerships - due in 3 months
    ☐ Identify potential partners ☐ Negotiate partnership agreements
  • Task 10: Set Up Local Operations - due in 4 months
    ☐ Establish local office ☐ Hire local staff