Pitfalls in researching Eastern European Markets

Eastern Europe is often thought of in researching global markets.  A reason for this is often the lack of information and the lack of familiarity with such markets.  Those who do research in Eastern Europe need to be aware of pitfalls that precede the research process and that can ultimately impact the intelligence yield.

  • Market Research is Lacking
    • Market research is not abundant
  • Published Information Often Misleading
    • Researchers may often find conflicting information or inflated details that fit a particular viewpoint or agenda.
    • Published information is often missing key information and statistics
    • Leads to biased publications and rankings for statistics and industry information
    • It is the researcher's imperative to determine the efficacy of information based on the source of information and the quality of data
  • The need for Market Intelligence and Competitive Intelligence
    • Market Intelligence is lacking, limiting a comprehensive view of the market.  Instead, anecdotes and preconceptions can guide business leaders in decision making.

In some situations, a way to avoid some of these pitfalls is carefully conducted primary research.  Indeed, the situation itself will dictate the proper remedy to avoid problems in data collection.

---
Copyright (C) 2008.  SIS International Research, Inc.
Disclaimer: Under no circumstances will SIS, it affiliates, successors or assigns be liable for any loss or damage caused by anyone's reliance on information contained in this web site.  Refer to this website's disclaimer page for full description of limitations.

 del.icio.us  Stumbleupon  Technorati  Digg 

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this entry.
Comments
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.