Market research is an organized effort to gather information about target markets and customers: know about them, starting with who they are. It is a very important component of business strategy and a major factor in maintaining competitiveness.
Market research is one of the key factors used in maintaining competitiveness over competitors and provides vital information to identify and analyze the market need, market size, and competition. Market-research techniques encompass qualitative techniques such as focus groups, in-depth interviews, ethnography, and quantitative methods such as customer surveys and secondary data analysis.
Shaw Hotels & Consultancy Services Pvt. Ltd. conducts various Market Research Activities, including social and opinion research, systematic gathering and interpretation of information about individuals or organizations using statistical and analytical methods to gain insight or support decision making.