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librarian or university student to do some of the spadework need not
be prohibitively expensive。 Another argument for ge。。ing professional
research is that it may carry more clout with investors。
Whatever the cost of research； you need to assess its value to you when
you are se。。ing your budget。 If ge。。ing it wrong would cost ￡100；000；
then ￡5；000 spent on market research might be a good investment。
5。 Select the research technique： If you cannot find the data you require
from desk research； you will need to go out and find the data yourself。
The options for such research are described later in this section； under
‘Field research’。
6。 Construct the research sample population： It is rarely possible or even
desirable to include every possible customer or petitor in your
research。 So； you have to decide how big a sample you need to give you
a reliable indication of how the whole population will behave。
7。 Process and analyse the data： The raw market research data needs to be
analysed and turned into information to guide your decisions on price；
promotion and location； and the shape； design and scope of the product
or service itself。
Desk research
There is increasingly a great deal of secondary data available in published
form and accessible either online or via business sections of public libraries
throughout the UK to enable new home business starters both to quantify
the size of market sectors they are entering and to determine trends in those
markets。 In addition to populations of cities and towns （helping to start
quantification of markets）； libraries frequently purchase Mintel reports；
involving studies of growth in different business sectors。 Government
statistics； showing trends in the economy； are also held （Annual Abstracts
for the economy as a whole； Business Monitor for individual sectors）。
If you plan to sell to panies or shops； Kompass and Kelly’s directories
list all pany names and addresses （including buyers’ telephone
numbers）。 Many industrial sectors are represented by trade associations；
114 The Thirty…Day MBA
which can provide information （see Directory of British Associations； CBD
Research）； while Chambers of merce are good sources of reference for
import/export markets。
These are some readily available sources of desk research data that an
MBA can use without tapping deeply into the corporate budget：
。 Applegate （applegate。uk） has information on 237；165 panies
cross…referenced to 57；089 products in the UK and Ireland。 It has a
neat facility that allows you to search out the top businesses and people
in any industry。
。 Business （business）： Contains some 400；000 listings in
25；000 industry； product； and service sub…categories。 Useful for general
industry background or details about a particular product line。
。 Chambers of merce （chamberonline。uk 》 International
Trade 》 International Chambers） run import/export clubs； international
trade contacts and provide market research and online intelligence
through a 150…country local network of chambers。 Their Link2Exports
（link2exports。uk） website provides specific information on
export markets by industry sector by country。
。 panies House （wwwpanieshouse。gov。uk） is the official
repository of all pany information in the UK。 Their WebCHeck
service offers a free…of…charge searchable pany Names and
Address Index which covers 2 million panies either by name or
by their unique pany registration number。 You can use WebCHeck
to purchase a pany’s latest accounts giving details of sales； profits；
margins； directors； shareholders and bank borrowings at a cost of ￡1
per pany。
。 Corporate Information （corporateinformation 》 TOOLS 》
Research Links） is a business information site covering the main world
economies； offering plenty of free information。 This link takes you to
sources of business information in over 100 countries。
。 Easy Searcher 2 （easysearcher） is a collection of 400 search
engines； both general and specialist； available on drop…down menus；
listed by category。
。 Euro Info Centres （euro…info。uk） is a network of 250 centres
across Europe providing local access to a range of specialist information
and advisory services to help business owners expand。 Their services
include advice on funding as well as help with market information
through their network contacts and specialist information services。
。 Kelly’s （kellysearch。uk） lists information on 200；000 product
and service categories across 200 countries。 Business contact details；
basic product and service details and online catalogues are provided。
Marketing 115
。 Key Note Ltd （keynote。uk） has built a reputation as an expert
provider of market information； producing highly respected off…theshelf
publications that cover a prehensive range of market sectors；
from mercial and industrial to service and consumer titles。 Its report
gallery has a listing of literally hundreds of reports covering everything
from Activity Holidays to Women’s Magazines。 The executive summary；
a generous 1；000 words plus a full index； is available free on
every report； which should make it clear if the report is worth buying；
or worth a trip to a major reference library that may well have a copy to
view。 Reports are priced from around ￡300 upwards； with most in the
￡500 to ￡700 range。
。 Kompass （kompass） claims to have details of 1。6 million UK
panies； 23 million key product and service references； 3。2 million
executive names； 744；000 trade and brand names and 50；000 Kompass
classification codes in its UK directory。 It also creates directory information
in over 70 countries。 Its website has a free access area that
users may access without registration。
。 LexisNexis （lexis…nexis） has literally dozens of databases
covering every sector you can think of； but most useful for researching
petitors is pany Analyser； which creates prehensive pany
reports drawn from 36 separate sources； with up to 250 documents
per source providing access to accurate information about a pany。
。 Mintel （mintel） publishes over 400 reports every year examining
every conceivable consumer market。 Reports cost several
hundred pounds； but you can view the introduction and main headings。
Most are available free in business libraries。 Mintel also offers a number
of reports on the US and European markets。
。 National Statistics （statistics。gov。uk） contains a vast range of
official UK statistics and information about statistics； which can be
accessed and downloaded free。 There are 13 separate themes。 Each
one deals with a distinct and easily recognizable area of national life。
So； whether you are looking to access the very latest statistics on the
UK’s economy； or research and survey information released by the
government； or want to study popular trends and facts； click on one of
these themes and explore！
。 Online Newspapers （onlinenewspapers）。 Newspapers and
magazines are a source of considerable information on panies；
markets and products in that sphere of interest。 Virtually every online
newspaper in the world is listed here。 You can search straight fro