Marketing Research: Kudler Fine Foods Research Paper by A papers

In this article, the writer maintains that in business, it is critical that companies carefully conduct research before implementing new marketing strategies. Companies will often have to conduct marketing research by defining marketing problems and opportunities, systematically collecting and analyzing information, and recommending actions. The writer notes that Kudler Fine Foods, an upscale specialty food store located in the San Diego metropolitan area, has experienced significant growth and is focusing on expanding its services by way of new marketing strategies. The writer points out that the company desires to improve the efficiency of its operations and increase the customer purchase cycle as a means to increasing the loyalty and profitability of its consumers. The writer discusses that without conducting careful marketing research, Kudler's marketing strategy and tactics will not yield the projected results the company hopes to achieve, but will instead lose its competitive advantage and uniqueness as it spends more money than it earns. In this paper, the writer justifies the importance of marketing research in the development of the new marketing strategy and tactics of Kudler Fine Foods, identifies the areas where additional research is needed, and finally, analyzes the importance of competitive intelligence in strategy development.