Market survey in construction industry

Identify top three areas for advance and provide suggestions Answer 1 every the firms need to exhibit a apprehension with their markets and customers. Such a step will provide beaver reputation. But majority of the firm lose touch due to some(prenominal) reasons. Such reasons are indicated in the following table no. L Reasons leading to no touchtable nol 1. Non professionalism lack of expertise. 2. Adamant / improper polish graduate(prenominal)er Judgments. 3. Less information about the market unfair genius of the association. 4. Less information what customer wants InnocenceRemarks The to a high place table is indicating the reasons for lack of touch and also the factors behind each factor. Implication of the above reasons 1. Loss of reputation. 2. regrets in the market share. 3. Rapid drops in the profitability. Remedial measures to overcome above 1 . Training the de subtractment and professionals. 2. Conducting a market research to appreciate aspirations of clients an d customers. 3. Design/develop/organizequestionnairesfor data collection/ analysis. AnswerAAA I am associated with Shapiro Apollonian & co Ltd. My company is lost the projects for so many reasons,In this case, my company lost touch with the market segment due to this, company is exhibiting training competency to show accomplishions. This is shown in the following table. Learning competency table no 2 Factor Learning competency Customer satisfaction. Management requirement/ output design/development. High quality. TTS Low cost. Cost reduction/cost control. situation sale service. Commitment/special team development/necessary. Lower warrantee/warranty Product life cycle appearance. The above table indicates the encyclopedism competency word meaning measuring.Product Life Cycle Initial Occidentalizing Development mm Fig no 1 mm mm Tabooed figure indicating the learning competency adoption measures The above intersection life cycle approach indicates three important areas for impr ovement. 1 . Product technology in an innovative fashion so as to deliver high quality products at the concluding price. 2. precise high productivity oriented labor to deliver products in quantify with very low rejection rates. 3. Well established infrastructure non automatic where the machinery are modify to successful production.The above areas contri exactlye to a healthy working to the company. Suggestions for improvement A long sustenance in the market demands very high customer satisfaction. Hence, the company should work for improved quality at lowest cost to attract customer satisfaction 2. Company should consider product obsolescence. It means the company to be vigilant always to modern developments. 3. mechanisation to be avoided. This is because the question on learning competency. Learning is on the part of individuals but not on machines. Machines do not learn but individuals learn.Hence major proportion of labor and a miner proportion of machines is recommended. fo rmer(a) improvements 1 . Marketings with high profit orientation. 2. Setting product strategy with higher contributions. 3. E -commerce marketing practices attracting key customers. 4. Designing and managing integrated marketing communication theory interactive marketing for effective market share enhancements rapidly. 5. Managing development process to release products as per schedules. 6. Building customer value satisfaction and loyalty. All these improvements are oriented towards a very rapid growth.