Sean McKenna

In today’s fast-paced business environment, the challenge of bringing new ideas to market has never been greater. Entrepreneurs and established companies alike are constantly seeking ways to validate their concepts before investing valuable resources. One question often arises in this context: Can market studies test new business ideas? The answer is yes, and understanding how…

In an ever-evolving marketplace, businesses must adapt and innovate to meet changing consumer demands. One critical question arises: can product studies drive innovation? The answer is a resounding yes. By leveraging product studies, companies can uncover valuable insights that foster innovation and enhance their competitive edge. Understanding Product Studies Product studies involve researching consumer perceptions,…

In the evolving landscape of business, understanding customer needs and market trends is paramount. This is where a market study plays a critical role. A market study delves into various aspects of a specific market segment, helping businesses make informed decisions. Through collecting and analyzing data, a market study provides insights that can shape product…

Market research reports are essential tools that provide businesses with detailed insights into market trends, consumer behavior, and the competitive landscape. They serve a critical role in guiding strategic decisions and ensuring that companies make informed choices aligned with their business objectives. But what exactly is a market research report, and why is it vital…

In the dynamic world of marketing, understanding your company’s strengths, weaknesses, opportunities, and threats (SWOT) is critical to crafting successful strategies. The SWOT analysis in marketing serves as a strategic tool that helps marketers assess internal and external factors impacting their business, ultimately leading to informed decision-making and enhanced marketing effectiveness. What is SWOT Analysis?…

Understanding customer satisfaction is paramount to the success of any business. Customer satisfaction research allows organizations to comprehend their consumers’ experiences, feelings, and expectations, adapting their strategies accordingly. At Luth Research, we specialize in leveraging advanced methodologies to provide actionable insights that drive business growth and customer loyalty. The Importance of Customer Satisfaction Research Customer…

Understanding the lifecycle of your customer’s interactions with your brand is vital for enhancing their experience and driving business success. Customer journey maps are powerful tools that visualize the steps your customers take from initial awareness to final purchase and beyond. But when to review customer journey maps? This article explores the key scenarios in…

Target market research is essential for businesses seeking to understand their customers and craft effective strategies. By leveraging well-structured research methods, organizations can gain invaluable insights that inform product development, marketing strategies, and customer engagement efforts. Understanding Target Market Research Target market research involves identifying and analyzing the characteristics, behaviors, and preferences of a defined…

In today’s competitive landscape, understanding market performance tracking is essential for brands aiming to enhance their marketing strategies and drive sales. Market performance tracking involves the rigorous analysis of marketing metrics, consumer behavior, and campaign effectiveness, allowing businesses to make data-driven decisions that bolster their overall performance. What is Market Performance Tracking? Market performance tracking…

Market research surveys serve as vital tools for gathering insights, understanding consumer behavior, and making data-driven decisions. However, the effectiveness of these surveys can greatly vary based on timing, methodology, and target audience. In this article, we will explore the factors that determine when market research surveys are most effective and how organizations can optimize…