Market Research Reports and Analysis †Free Samples to Students

Question: Discuss about the Market Research Reports and Analysis. Answer: Introduction: The project is based on the operational activity performed by Reef Design Lab (RDL) in the field of construction management. David Lennon, the owner of the company has been operating the construction project to structure the artificial reef designs. The company has captured the leading market position in constructing the reefs in different areas. The major aim of the company is to structure the design for the marine ecology. RDL is the first design lab to produce reef with the help of 3D printing machine. The company has achieved numerous awards for managing the sustainability issues in an appreciable way. David, the owner of the company is thinking of improving the materials and manufacturing methods for confirming the end-product. In order to achieve this objective, the company is looking forward to adopt the most helpful marketing strategies to develop the ideas about the market segment and the competitive scenario. Therefore, it is required to gather the adequate data related to the industrial segments. In addition to this, the project is even focusing on the potential challenges faced by the company during this project span. The aim of this project is to minimize these challenges and established a well-constructed reef design. The emergence of the advanced technologies has transformed the business project activities. Similarly, these advancements have created impact on the construction industry (Cardoso dos Santos Duro et al. 2017). While structuring the project activities, it is essential to address the specific needs of the clients. The list of needs specified by the clients is presented below: The high quality materials for the constructing the reef The effective packaging and shipping is also required. The project needs to be completed within the time provided by the clients. The above information provides the ideas about the clients requirements from this construction project. It is essential for the company to identify the relevant source from which the appropriate information can be collected. It is necessary to mention that the information will be used for managing the construction project is needed to be upgraded (Bryde, Broquetas and Volm 2013). Apparently, it is possible if the sources are authentic. The list of the relevant source for this construction project is as follows: Research through IBIS world would be effective enough in gathering the information about the performance parameter of the overall industry, players, markets and competitive landscape. Link: https://www.ibisworld.com.au The research project would require the information about the detailed information regarding the artificial reef. https://www.reefworlds.com/reef-worlds-news/and https://www.reefballaustralia.com.au/tech_note-shared_principles_of_ars_and_cities_v4.pdf . These sources would provide the details of the reefs all over the world. The information would be much helpful in making more improvements in this project. In order to gather the information about the sustainable tourism, the UNESCO website would be much preferable. Link: https://www.fish.wa.gov.au/Pages/Home.aspx The project deals with the fishery department, which can be a potential source of generating more revenues. It is thus necessary to browse details about the opportunities, market policies, and underwater structures that would contribute to the project. Link: https://www.fish.wa.gov.au/Pages/Home.aspx It is also necessary to identify the informative source of gathering adequate knowledge about the regulations imposed in the fishery sector. agriculture.gov.au/fisheries and https://www.afma.gov.au/ are quite helpful sources to browse data regarding the legal policies. These sources would provide the relevant and sufficient information related to the project subject. The business clients are the fishery department, partners, suppliers, clients, employees, and operations management. It is necessary to understand the basic requirements of the clients to structure the project activities. The following questions can be asked to the stakeholders to follow up with clients. What will be the Preconstruction Services require for the clients? What are the necessary details to be included in the pre-construction services? What will be the time duration for the first project assessment? Where the construction site will be located? Is there the proper connectivity to gather more resources? The project needs to concentrate on these basic questions to follow-up with the clients. The detailed information about the project specifications is essential for undertaking each of the associated functionalities (Hwang and Ng 2013). It will be beneficial for the project manager and the other associates to collect necessary resources and formulate the proper plan to complete the project as per the requirements. Personal Skills, Knowledge and Experience The project outcomes depend on the input of the skilled associates by following a structured plan. I joined this project as a fresher, but ended up being an experienced employee. The extensive information collected from the quantitative analysis and the accounting process provided me the adequate knowledge regarding the marketing principles. The skill audit report signifies the following aspects: I could strengthen my capability in research process, analyzing, and calculating method. However, I have found out that my weakness lies in the presentation session. I become nervous during the presentation. I have gained knowledge in the field of accounting and classical economies. I grabbed the necessary skills in the financial accounting part and eventually became capable of controlling the outflow, budget, and sponsors. I became much efficient in forecasting the sales ratio and eventually involved in the sales marketing department as well. The experience gathered from the project activity has strengthened my ability to establish the effective interpersonal skills with the associated teammates. The project helped me in understanding the necessity of adopting the effective communication process. The interactive session with the other teammates helped me in strengthening the communication skills. I have gained the cohesiveness in working in a group and sharing knowledge with others. Learning Development Plan It is notable that I need to develop some of my personal skills that would be helpful for me in performing the project activities and ensuring career growth. The target goals for my personal skill development is structured further: The semester provides us the significant opportunity to enhance our skills to improve certain career goals. However, some of the probable obstacles can create the limitation in achieving the learning goals. These probable challenges are listed further: Lack of adequate information related to the construction management project would be limiting the learning course development. Lack of proper expertise may affect the entire learning program. I have the capability in calculating and financial accounting process. Working on any subject out of my expertise level would create obligations in the learning development process. In order to establish the extensive knowledge in this field, it is necessary for me to create the self-motivation. I should persuade myself with enough motivation for achieving significant professional and personal skills. The time constraints would be the major limitation for achieving the learning goals. Lack of sufficient capital for conducting the extensive research would also affect the learning program. Focus on these aspects is quite necessary for fulfilling my career goals. Mitigating these challenges would help me to step ahead towards achieving the significant learning goals. Measuring Success in Achieving Success The activities associated with the learning development program are helpful enough in leading towards achieving the personal goals. However, while performing these activities, it is essential to measure the progression report to ensure whether I will be succeeded in achieving my learning goals. It is essential to develop the set of activities to measure the progress. for example: The continuous monitoring of the performance checklist would be beneficial in measuring the success. Keeping track of the daily targets Tracking the weekly target Receiving responses and feedbacks from the other associates Internal survey among the other employees Monthly review of the performance The activities mentioned above are quite helpful in measuring the performance progression. It will be helpful for me to derive the feedback from the other associates to understand the areas of improvements. Accordingly, improving these areas would signify my capabilities of achieving the learning goals associated with this project activity. Hence, at the end, I shall be able to gain success by improving these concerned areas. References Afma.gov.au, 2017.Home - The Australian Fisheries Management Authority (AFMA). [online] Australian Fisheries Management Authority (AFMA). Available at: https://www.afma.gov.au [Accessed 27 Aug. 2017]. Agriculture.gov.au, 2017.Fisheries. [online] Agriculture.gov.au. Available at: https://www.agriculture.gov.au/fisheries [Accessed 27 Aug. 2017]. Bryde, D., Broquetas, M. and Volm, J.M., 2013. The project benefits of building information modelling (BIM).International journal of project management,31(7), pp.971-980. Cardoso dos Santos Duro, L.F., Di Favari Grotti, M.V., Minetto Maceta, P.R., Zancul, E., Berssaneti, F. and Monteiro de Carvalho, M., 2017. A review of the soft side in project management: concept, trends and challenges.Revista GEPROS,12(2), p.157. Cottrell, S., 2015.Skills for success: Personal development and employability. Palgrave Macmillan. Fish.wa.gov.au, 2017.Department of Fisheries. [online] Fish.wa.gov.au. Available at: https://www.fish.wa.gov.au/Pages/Home.aspx [Accessed 27 Aug. 2017]. Hwang, B.G. and Ng, W.J., 2013. Project management knowledge and skills for green construction: Overcoming challenges.International Journal of Project Management,31(2), pp.272-284. Ibisworld.com.au, 2017.Market Research Reports Analysis | IBISWorld AU. [online] Ibisworld.com.au. Available at: https://www.ibisworld.com.au [Accessed 27 Aug. 2017]. Lejeune, C., Raemdonck, I. and Beausaert, S., 2016. An electronic Personal Development Plan (PDP) as learning practice fostering. Inthe 8th EARLI SIG 14 Learning and Professional Development Conference. Reefworlds.com, 2017.Artificial Reef News. [online] Reef Worlds. Available at: https://www.reefworlds.com/reef-worlds-news [Accessed 27 Aug. 2017]. Sharp, A., 2013.Ecological purification in the captive reefnatural approaches to water quality management. Urban, M., 2016. Differences between self-and other-rating and the influence on the probability to take personal development actions.Ad Alta: Journal of Interdisciplinary Research,6(2).