Marketing Research Matrix

The Marketing Research Matrix is a strategic tool used to analyze and categorize different aspects of market research. It helps businesses identify the strengths, weaknesses, opportunities, and threats related to their marketing strategies, enabling more informed decision-making and resource allocation.

At a very high level, the Marketing Research Matrix is used in the context of business, marketing.

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What is the Marketing Research Matrix?

A visual explanation is shown in the image above. The Marketing Research Matrix can be described as a matrix with the following quadrants:

  1. Strengths: Internal factors that give the company an advantage, e.g., strong brand reputation.
  2. Opportunities: External factors that the company can leverage for growth, e.g., growing market demand.
  3. Weaknesses: Internal factors that may hinder the company's performance, e.g., limited distribution channels.
  4. Threats: External factors that could pose risks to the company, e.g., competitive products.

What is the purpose of the Marketing Research Matrix?

The Marketing Research Matrix is a versatile framework that assists businesses in organizing and interpreting market research data. This matrix is divided into four quadrants, each representing a different aspect of market research. The top-left quadrant focuses on 'Strengths,' highlighting internal factors that give the company an advantage in the marketplace. The top-right quadrant addresses 'Opportunities,' which are external factors that the company can leverage for growth and expansion.

The bottom-left quadrant deals with 'Weaknesses,' identifying internal factors that may hinder the company's performance. Finally, the bottom-right quadrant covers 'Threats,' which are external factors that could pose risks to the company's success. By categorizing information into these quadrants, businesses can develop a comprehensive understanding of their market position and create strategies to capitalize on strengths and opportunities while mitigating weaknesses and threats.

For example, a company might use the Marketing Research Matrix to analyze their new product launch. In the 'Strengths' quadrant, they could list their strong brand reputation and innovative product features. In the 'Opportunities' quadrant, they might note the growing market demand and potential partnerships. In the 'Weaknesses' quadrant, they could identify limited distribution channels and a small marketing budget. In the 'Threats' quadrant, they might list competitive products and economic downturns. By examining these factors, the company can create a targeted marketing strategy that addresses each aspect of the matrix.


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What templates are related to Marketing Research Matrix?

The following templates can also be categorized as business, marketing and are therefore related to Marketing Research Matrix: Product-Market Matrix, 4 Ps Marketing Mix Matrix, AI Capability-Value Proposition Alignment Matrix, AI Innovation-Value Alignment Matrix, AI Maturity Matrix, AI-Value Proposition Alignment Matrix, AI-Value Proposition Matrix, AIDA Marketing Matrix. You can browse them using the menu above.

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