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Market, Competition, and Customer Research

You accelerate research without mixing source quality, method, and interpretation.

After this chapterYou can conduct reproducible research and translate it into a decision memo with evidence and uncertainty.
Your progress0 of 48 lessons
4.1

A business research letter

A research assignment begins with the decision that the evidence must support.

Formulate decision question, scope, target group, geography, period, definitions and evidence threshold. Split unknowns into sub-questions and determine suitable primary, official and secondary sources.

Note in advance what the research cannot prove and who checks interpretations. Deep research and web research help, but do not replace source evaluation.

  • Decision
  • Scope
  • Definitions
  • Source plan
  • Evidence threshold
  • Limitation
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A market study first defines what 'SME' and 'potential customer' mean in Belgium.

Try this prompt
Write a research brief for [decision] with scope, definitions, sub-questions, source hierarchy, exclusions, evidence threshold, and decision note.
Quick knowledge check

Which approach best fits this lesson?

Your practical assignment

Have the decision-maker approve scope and evidence threshold before research.

4.2

Building a market map

Separate market definition, segments, size estimation, dynamics, and assumptions.

Create inclusion and exclusion rules and map customer segments, problems, providers, channels, substitutes, and rules. Use multiple estimates when hard data is lacking.

Label top-down, bottom-up, and proxy calculations with date, geography, and source quality. An exact number without a robust source is false precision.

  • Market boundary
  • Segments
  • Substitutes
  • Estimate
  • Source quality
  • Sensitivity
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A Belgian service market is estimated bottom-up from numbers of enterprises and plausible annual expenditure.

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Create a market map for [market] in [region]. Define boundaries, segments, substitutes, drivers, and three estimates. Label source, year, and uncertainty.
Quick knowledge check

Which approach best fits this lesson?

Your practical assignment

Calculate one segment top-down and bottom-up and explain the difference.

4.3

Competition research with evidence

Compare claims only on the same definition, period, and source basis.

Separate direct competitors, alternatives, and doing nothing. Gather offer, target audience, price logic, channel, evidence, positioning, and visible limitations. Marketing language is not an independent performance measurement.

Save URL, publication, and observation date. Indicate unknown when price or capacity is not public; do not fill it in silently.

  • Comparison set
  • Definitions
  • Source evidence
  • Date
  • Unknown
  • Alternatives
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A matrix separates public price, derived price, and non-available price.

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Build a competitive matrix for [category]. Use the same criteria. Provide source, date, and status confirmed, derived, or unknown for each cell. Add do-nothing.
Quick knowledge check

Which approach best fits this lesson?

Your practical assignment

Check five competitor claims in the original source.

4.4

Structuring customer research

AI helps find patterns, but sampling and questioning determine what you learn.

Define target audience, recruitment, research question, and exclusions. Use interviews for depth, surveys for broader patterns, and behavioral data for actual actions. Do not ask leading questions.

Pseudonymize where appropriate, limit access and link themes to evidence fragments. A small qualitative sample is not representative.

  • Sample
  • Non-directive
  • Method
  • Evidence quote
  • Privacy
  • Limitation
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Ask 'how did you solve this last time?' instead of 'would our AI solution be useful?'.

Try this prompt
Design customer research for [hypothesis] with target audience, recruitment, ten questions, privacy agreement, analysis method, and confirmation criteria.
Quick knowledge check

Which approach best fits this lesson?

Your practical assignment

Conduct three interviews and code statements with source fragment and counter-evidence.

4.5

Triangulating sources

More sources only help when origin and method really differ.

Compare source type, original publication, method, population, period, and interests. Ten websites repeating the same press release form one source chain.

In case of conflict, first look for differences in definition, period, or method. Make unresolved conflicts visible and state which additional evidence changes the decision.

  • Origin
  • Method
  • Period
  • Interest
  • Conflict
  • Additional evidence
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Two growth figures appear to use different regions and base terms.

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Triangulate [claims]. Create a source network for each claim with origin, method, period, and importance. Explain conflicts and missing evidence.
Quick knowledge check

Which approach best fits this lesson?

Your practical assignment

Draw the source chains for three major claims.

4.6

From research to policy note

Separate evidence, interpretation, options, risk, and recommendation.

Start with the decision question and core answer. Show facts with sources, assumptions, alternatives, and what would change the conclusion. The recommendation follows from predetermined criteria.

Add counter-evidence, minority interpretation, and missing information. An authorized person makes the decision and archives source versions.

  • Decision question
  • Facts
  • Assumptions
  • Options
  • Counter-evidence
  • Recommendation
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A market entry note advises a limited pilot and identifies which supporting evidence is still too weak.

Try this prompt
Write a decision note from [research] with the core decision, evidence, assumptions, options, criteria, counter-evidence, risks, and reversible next step.
Quick knowledge check

Which approach best fits this lesson?

Your practical assignment

Have a critic point out one decisive assumption and one missing alternative.

Chapter assignment

Bring everything together

Submit research letter, source register, competition matrix, conflict note, and decision document with reversible step on.