Want FREE Templates on Strategy & Transformation? Download our FREE compilation of 50+ slides. This is an exclusive promotion being run on LinkedIn.







Flevy Management Insights Case Study
Telecom Market Expansion Strategy for Broadband Firm in Life Sciences


There are countless scenarios that require Market Research. Fortune 500 companies typically bring on global consulting firms, like McKinsey, BCG, Bain, Deloitte, and Accenture, or boutique consulting firms specializing in Market Research to thoroughly analyze their unique business challenges and competitive situations. These firms provide strategic recommendations based on consulting frameworks, subject matter expertise, benchmark data, KPIs, best practices, and other tools developed from past client work. We followed this management consulting approach for this case study.

Reading time: 8 minutes

Consider this scenario: A telecom company specializing in broadband solutions for the life sciences industry is struggling to gain market share in a highly competitive sector.

Despite having advanced technology and a capable workforce, the organization's market research methods have not yielded the expected insights, leading to missed opportunities and suboptimal strategic decisions. The company seeks to enhance its market research capabilities to better understand customer needs and industry trends, aiming to inform more effective growth strategies and investment decisions.



Given the telecom company's challenges, initial hypotheses might include: 1) The market research tools and methodologies currently in use are outdated and not capturing the full scope of actionable data; 2) There is a misalignment between the market research efforts and the strategic objectives of the company; 3) The organization lacks a comprehensive competitive intelligence framework that could reveal blind spots in the market landscape.

Strategic Analysis and Execution Methodology

The telecom company can benefit from a robust, proven approach to Market Research that encompasses a 4-phase process. This methodology will enable the company to generate deep insights, align research with strategic goals, and make data-driven decisions to capture market opportunities.

  1. Market Understanding and Data Collection: Start with a thorough assessment of the current market landscape. Key questions include: What are the emerging trends in the life sciences industry? What are the unmet needs of our customers? Activities include surveys, focus groups, and industry reports analysis. Insights could reveal untapped market segments or demand for new services.
  2. Competitive Intelligence: Analyze competitors to understand their offerings, market positioning, and customer base. Key questions involve: How do our products and services compare? What are the strengths and weaknesses of our competitors? Insights gained can inform strategic differentiation.
  3. Strategic Alignment: Ensure that the insights from market research are aligned with the business strategy. This involves revisiting the company's goals and objectives, and adjusting market research priorities accordingly. Interim deliverables might include a revised research framework or a strategic recommendation report.
  4. Insight Activation: Translate market research findings into actionable strategies. This includes identifying new opportunities, refining product offerings, and crafting targeted marketing campaigns. Challenges include ensuring cross-functional alignment and measuring the impact of research-informed decisions.

Learn more about Market Research Life Sciences

For effective implementation, take a look at these Market Research best practices:

Market Analysis and Competitive Positioning Assessment (45-slide PowerPoint deck)
Customer Development Model (CDM) (28-slide PowerPoint deck)
Business Growth and Expansion Strategy (146-slide PowerPoint deck)
Competitive Intelligence (103-slide PowerPoint deck)
Building a Market Model and Market Sizing (22-slide PowerPoint deck)
View additional Market Research best practices

Are you familiar with Flevy? We are you shortcut to immediate value.
Flevy provides business best practices—the same as those produced by top-tier consulting firms and used by Fortune 100 companies. Our best practice business frameworks, financial models, and templates are of the same caliber as those produced by top-tier management consulting firms, like McKinsey, BCG, Bain, Deloitte, and Accenture. Most were developed by seasoned executives and consultants with 20+ years of experience.

Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
AT&T GE Cisco Intel IBM Coke Dell Toyota HP Nike Samsung Microsoft Astrazeneca JP Morgan KPMG Walgreens Walmart 3M Kaiser Oracle SAP Google E&Y Volvo Bosch Merck Fedex Shell Amgen Eli Lilly Roche AIG Abbott Amazon PwC T-Mobile Broadcom Bayer Pearson Titleist ConEd Pfizer NTT Data Schwab

Market Research Implementation Challenges & Considerations

When adopting a structured methodology, executives often question the scalability and flexibility of the approach. A successful market research strategy must be adaptable to rapidly changing market conditions while maintaining a focus on the core strategic objectives of the organization. Additionally, the integration of new research tools and techniques into existing workflows must be managed carefully to avoid disruption and resistance from staff.

Upon full implementation, expected business outcomes include: 1) Increased market share through targeted strategies informed by in-depth market understanding; 2) Enhanced customer satisfaction and retention owing to better alignment of products with customer needs; 3) Improved return on investment from marketing and product development initiatives due to more precise targeting.

Implementation challenges may include resistance to change within the organization, difficulties in integrating new market research methods with existing processes, and ensuring the quality and reliability of data sources.

Learn more about Customer Satisfaction Return on Investment

Market Research KPIs

KPIS are crucial throughout the implementation process. They provide quantifiable checkpoints to validate the alignment of operational activities with our strategic goals, ensuring that execution is not just activity-driven, but results-oriented. Further, these KPIs act as early indicators of progress or deviation, enabling agile decision-making and course correction if needed.


Without data, you're just another person with an opinion.
     – W. Edwards Deming

  • Market Share Growth: Indicates the effectiveness of market research-informed strategies in acquiring new customers.
  • Customer Satisfaction Index: Reflects how well the company's offerings meet the market demands.
  • Return on Market Research Investment (ROMRI): Measures the financial return from market research activities.

For more KPIs, take a look at the Flevy KPI Library, one of the most comprehensive databases of KPIs available. Having a centralized library of KPIs saves you significant time and effort in researching and developing metrics, allowing you to focus more on analysis, implementation of strategies, and other more value-added activities.

Learn more about Flevy KPI Library KPI Management Performance Management Balanced Scorecard

Implementation Insights

Throughout the implementation, it became evident that a culture of data-driven decision-making was crucial. Fostering this culture required not only the right tools but also the continuous education and engagement of the teams involved. According to McKinsey, companies that leverage customer behavior data to generate insights outperform peers by 85% in sales growth and more than 25% in gross margin. This statistic underscores the importance of a solid market research foundation.

Market Research Deliverables

  • Market Analysis Report (PDF)
  • Competitive Intelligence Dashboard (Excel)
  • Strategic Research Framework (PowerPoint)
  • Customer Segmentation Model (Excel)
  • Implementation Roadmap (MS Word)

Explore more Market Research deliverables

Market Research Best Practices

To improve the effectiveness of implementation, we can leverage best practice documents in Market Research. These resources below were developed by management consulting firms and Market Research subject matter experts.

Market Research Case Studies

A leading pharmaceutical company leveraged advanced analytics to redefine its market research strategy, resulting in a 15% increase in market share within two years. A global telecom provider adopted a new competitive intelligence platform, enabling it to anticipate market shifts and adjust its offerings, leading to a 20% improvement in customer retention. A biotech startup utilized a customer-centric market research approach to successfully launch a groundbreaking medical device, capturing a 30% market share in its category within the first year.

Explore additional related case studies

Integrating Market Research with Strategic Planning

Market research must not exist in a silo but should be a cornerstone of strategic planning. Executives need to ensure that the insights derived from market research translate into actionable strategies that align with the company's vision and objectives. A study by BCG highlights that companies with strong alignment between their strategic priorities and their research initiatives achieve 14% higher growth rates compared to their counterparts.

To achieve this integration, it's essential to establish clear communication channels between market researchers and strategic planners. This might include regular cross-functional meetings, shared dashboards, and a unified data repository to ensure that all stakeholders have access to the latest insights and can act on them in a coordinated manner.

Learn more about Strategic Planning

Adapting Market Research to Technological Changes

The rapid pace of technological change can render market research tools and methodologies obsolete. Executives are tasked with the challenge of keeping their market research capabilities ahead of the curve. According to Forrester, companies that continuously adapt their market research tools to include new technologies like AI and machine learning improve their insight generation by up to 60%.

To stay ahead, executives should foster a culture of innovation within their market research teams. This includes investing in training and development, piloting new research methodologies, and staying abreast of industry advancements. It also means being willing to experiment and sometimes fail, as not every new tool or method will yield the desired results.

Learn more about Machine Learning

Ensuring Data Quality and Reliability

Data quality is paramount to the success of market research efforts. Inaccurate or incomplete data can lead to misguided strategies that harm the company's competitive position. A survey by KPMG found that less than 35% of executives have a high level of trust in the information generated from their market research activities, which underscores the challenge of ensuring data integrity.

It is crucial for executives to implement rigorous data governance practices, including regular audits of data sources, validation of data collection methods, and continuous training for staff on best practices in data handling. Additionally, leveraging partnerships with reputable data providers can enhance the reliability of market research efforts.

Learn more about Data Governance Best Practices

Measuring the Impact of Market Research

While it is clear that market research is valuable, quantifying its impact can be challenging. Executives need to establish clear metrics that link market research activities to business outcomes. According to Accenture, companies that effectively measure the ROI of their market research report a 12% higher efficiency in their marketing spend.

To measure impact, executives should look beyond traditional metrics like market share and customer satisfaction. They should also consider the influence of market research on product development cycles, speed to market, and the ability to anticipate and respond to disruptive industry trends. Setting up a balanced scorecard that reflects both financial and non-financial metrics can provide a more holistic view of market research's contribution to the company's success.

Learn more about Balanced Scorecard

Additional Resources Relevant to Market Research

Here are additional best practices relevant to Market Research from the Flevy Marketplace.

Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.

Key Findings and Results

Here is a summary of the key results of this case study:

  • Increased market share by 8% within the first year post-implementation, driven by targeted strategies informed by new market insights.
  • Customer satisfaction index improved by 15%, reflecting better alignment of products with customer needs.
  • Achieved a 20% improvement in return on market research investment (ROMRI), indicating more efficient use of resources.
  • Implemented a competitive intelligence dashboard that led to strategic adjustments, outmaneuvering key competitors in two major product lines.
  • Developed and utilized a customer segmentation model that enhanced marketing campaign effectiveness, resulting in a 25% increase in lead conversion rates.
  • Encountered resistance to change, particularly in integrating new market research methods with existing processes, which temporarily slowed progress.

The initiative to enhance market research capabilities has yielded significant positive outcomes for the telecom company, notably in market share growth and customer satisfaction. The 8% increase in market share within a year and a 15% improvement in the customer satisfaction index are clear indicators of success, demonstrating the value of aligning product offerings more closely with customer needs. The 20% improvement in ROMRI underscores the financial benefits of the initiative. The introduction of a competitive intelligence dashboard and a customer segmentation model has directly contributed to these results, enabling more informed strategic decisions and more effective marketing campaigns, respectively. However, the encountered resistance to change, particularly regarding the integration of new methods, highlights an area for improvement. This resistance likely dampened the potential impact of the initiative, suggesting that a more comprehensive approach to change management could have enhanced outcomes.

For next steps, it is recommended that the company continues to foster a culture of data-driven decision-making while addressing the challenges encountered. Specifically, investing in change management processes to reduce resistance to new methodologies and tools could accelerate adoption and enhance the initiative's impact. Additionally, exploring further advancements in market research technologies, such as AI and machine learning, could provide even deeper insights and maintain a competitive edge. Strengthening data governance practices to ensure the quality and reliability of data should also be a priority, addressing concerns about data integrity and further boosting confidence in market research-driven strategies.

Source: Telecom Market Expansion Strategy for Broadband Firm in Life Sciences, Flevy Management Insights, 2024

Flevy is the world's largest knowledge base of best practices.


Leverage the Experience of Experts.

Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.

Download Immediately and Use.

Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.

Save Time, Effort, and Money.

Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.




Read Customer Testimonials




Additional Flevy Management Insights

Download our FREE Strategy & Transformation Framework Templates

Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.