Market Expansion and Collaboration Research


Project scope
Categories
Market research Competitive analysis Public relations Market expansion Marketing analyticsSkills
demography project management target market researchAs a mental wellness company, we are currently well-known in one market (Saskatchewan, Canada), but we believe we are ready to take our business to the next level and expand our network of connections. With your help, we hope to assess our collaborative landscape beyond the demographics we currently cater to by learning about their expectations, behaviours, and community goals.
This will involve several different steps for the students, including:
- Researching the market in potential new locations including demographic data such as proximity, accessibility, and location appeal, and creating a weighted decision matrix to assign importance to each factor.
- Create an organized spreadsheet based on demographic information and potential for networking opportunities.
- Analyze data collected using the spreadsheet created to identify the top 5-10 organization(s) to reach out to.
- Invite the organizations to be involved with Refresh's mental wellness platform.
By the end of the project, students should complete the following list of activities.
- Research our target market in new areas and identify new collaboration partners to reach out to.
- Create an organized spreadsheet based on demographic information and potential for networking opportunities.
- Analyze data collected, using the spreadsheet created to decide on the best organization(s) to reach out to.
- Connect with and vet the organizations chosen and record responses in the spreadsheet.
- Create a report including all research, key spreadsheet information, and analysis with connection recommendations based on the conversations had with the organizations.
Final deliverables should include
- A report including all research, key spreadsheet information, and analysis with recommendations for further conversations with various organizations.
- A slide deck to be presented to the project manager explaining the report including all choices made and why.
Students will connect directly with us for mentorship throughout the project. We will be able to provide answers to questions such as:
- What does the Refresh Wellness platform currently offer? What are the future plans for feature development?
- Who do we already have existing connections with? How are those connections fostered?
- What does collaboration with Refresh Inc. provide for the organizations contacted?
- Input and guided support on choices, problems or anything else the students might encounter.
About the company
The Refresh Wellness Platform (RWP), developed by Refresh Inc. (http://refreshinc.com/), employs the power of artificial intelligence (AI) to generate real-time, personalized, and responsive solutions to individual wellness needs. The RWP can assist both individuals and organizations by monitoring their well-being. It also incorporates daily measurements of the individual’s state of well-being and forms a log that presents progress reports on how the individual is doing over the weeks, months or years. This aids the individual in seeing patterns within their state of wellbeing and assists them in understanding what could be triggering, but also what is beneficial for them. In an organizational setting, the RWP can monitor teams and provide anonymous information regarding the organization's well-being.
Refresh welcomes students to join our growing team of designers, developers, and software engineers who are eager to bring a quality product to market.