Market Research
Market research is any organized effort to gather information about markets
or customers. It is a very important component of business
strategy.The term is commonly interchanged with marketing
research; however, expert practitioners may wish to draw a
distinction, in that marketing research is concerned specifically
about marketing processes, while market research is concerned
specifically with markets. It is the key factor to get advantage over
competitors and provides important information
to identify and analyze the market need, market size and
competition.
Business Intelligence
Business intelligence(BI) refers to computer-based techniques used in spotting,
digging-out, and analyzing business data, such as sales
revenue by products and/or departments, or by associated
costs and incomes.
BI technologies provide historical, current, and predictive
views of business operations. Common functions of business
intelligence technologies are reporting, online analytical
processing, analytics, data mining, business performance
management, benchmarking, text mining, and predictive analytics.
Strategy & Management Consulting
Strategy and management consulting indicates both the industry and practice of helping organizations
improve their performance primarily through the analysis
of existing business problems and development of plans for
improvement.
Organizations hire the services of management consultants
for a number of reasons, including gaining external (and
presumably objective) advice and access to the consultants'
specialized expertise.
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