Sunday, March 13, 2016

Marketing Challenges for Entrepreneurial Ventures - Week 9 Reading Reflection

1)      What was the biggest surprise for you in the reading? In other words, what did you read that stood out the most as different from your expectations?
I was surprised by how the author describes that entrepreneurs believe that marketing research might contain data that is irrelevant for their ventures. This surprised me because marketing is one of the most important aspect in which an entrepreneur must spend a lot of money, time and effort. Through marketing research, an entrepreneur is able to develop different strategies that would be helpful for his or her venture.

2)      Identify at least one part of the reading that was confusing to you.
One part that was confusing to me were the three steps to help lure customers to a site once it’s up and running on page 292. I believe that the author could describe more in depth these three steps in order to provide a better understanding for the reader.

3)      If you were able to ask two questions to the author, what would you ask? Why?
I would ask the author the following two questions:
·         What are the most common mistakes that entrepreneurs make during a marketing research process?
·         In which stage of the venture should the entrepreneur invest on marketing research?
I will ask the author these two questions because I believe that they could help the readers and future entrepreneurs to know what to avoid when implementing a marketing research, and when it would be the best time to work on this process.

4)      Was there anything you think the author was wrong about? Where do you disagree with what she or he said? How?

I do not disagree with anything that the author says. However, I believe that the author could have used real life examples on how to target, segment or set a price so students have an idea of how different companies do to work on these aspects.


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