Market Conditions

Unreliable Market Research

2020-08-17T22:12:19-05:00August 18th, 2020|Tags: , , |

Market research and focus groups can be helpful, but people will often say one thing and do another. A friend’s church was trying to determine when to reopen their church during the pandemic. They took a survey and learned that 30% would be open to returning in the month of July. This church decided to open in July, counting on ...

Industry Shifts

2019-11-22T14:08:41-06:00November 25th, 2019|Tags: , , |

In the mid-1980's, the retail industry was changing. Walmart was growing rapidly, while Kmart was beginning to decline. Jim, a friend of mine, was an executive at Kmart at the time. Jim remembers Kmart executives holding a weekend retreat specifically to discuss Walmart’s success. Yet, any comments addressing the possibility that Walmart could overtake Kmart were quickly squelched. When Jim ...

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