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Recommendation Report

Course Guide for BSAD research assignments

Getting Started

This assignment gives you an opportunity to get some solid experience in finding reputable, authoritative information to support your business idea.  Keep in mind:  If you were doing this sort of project with real money on the line (yours or someone else's), you wouldn't want to rely on the first three things that show up in your Google search results. . .

You can search library resources to find

  • articles from trade/industry publications
  • statistics
  • market and industry reports
  • company profiles and analyses

Because your focus is on Lincoln, you will also need to refer to some web-based resources as well.  Not a lot of commercially published market research is going to be specifically relevant to Lincoln.  Possible sources of information include:

  • Census information (demographic and economic)
  • Chamber of Commerce
  • Local business associations

Here are a few things to keep in mind when searching for evidence:

  • Pay attention to dates.  You will most likely be wanting the most current information available.  Don't unknowingly use outdated facts or figures.
  • Use the right words.  There is sometimes a difference between the way that you refer to something (e.g., shoes) and the way that the industry refers to is (e.g., footwear).  Another example would be target markets:  teens vs generation z.  Pay attention the the words being used by the people who work with the products, services, or consumers and utilize them in your own searches.
  • Adjust your expectations.  Not every piece of information that you want to find necessarily exists, and if it does, it isn't always free!
  • Broaden or narrow your research topic as needed.  This is one way to address the previous statement.  For instance, if you are not able to find a specific piece of data about women's purses, try broadening your research to the area of women's accessories. 

Library Databases

Lincoln-Specific Resources (Local)

Searching with Google

For this sort of project or assignment, Google can definitely be useful--you just have to plan your searches a bit more carefully and thoroughly evaluate what you find.

You can find lots of secondary data that was gathered, compiled, synthesized and reported by someone else for another purpose that may also have relevance for your own business research.  The information you find may not be specific to Lincoln, but you can draw conclusions from larger studies of a particular industry, product/service, or target consumer group.

For example, a Google search on

grocery shopping consumers survey filetype:pdf

included this document in the results that provide the results of a nationwide survey of grocery shoppers that reflects consumer attitudes and behaviors.

Professional/industry associations can be another source of information when doing a business/target market-related project.  Many times the information on the trade association web site is available only to dues-paying members, but there are often public materials and documents that anyone can access.

Just search for the name of your trade/industry/profession along with the word association

banking association

 

General Web Resources

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