The document discusses conducting market research and segmentation for the proposed Golden Age Hospital project. It involves gathering external data on health conditions and medical institutions for seniors, as well as demographics for the local Mission Viejo area. A target senior market segment in Mission Viejo will then be identified based on this background research. To further understand the needs and preferences of this segment, a survey will be administered to 500 seniors. The survey will ask questions to determine subjects' locations, special needs, desired medical services and physician specialties, and preferences for hospital versus clinic locations. An executive summary of the market research plan will then be provided.
The document discusses conducting market research and segmentation for the proposed Golden Age Hospital project. It involves gathering external data on health conditions and medical institutions for seniors, as well as demographics for the local Mission Viejo area. A target senior market segment in Mission Viejo will then be identified based on this background research. To further understand the needs and preferences of this segment, a survey will be administered to 500 seniors. The survey will ask questions to determine subjects' locations, special needs, desired medical services and physician specialties, and preferences for hospital versus clinic locations. An executive summary of the market research plan will then be provided.
The document discusses conducting market research and segmentation for the proposed Golden Age Hospital project. It involves gathering external data on health conditions and medical institutions for seniors, as well as demographics for the local Mission Viejo area. A target senior market segment in Mission Viejo will then be identified based on this background research. To further understand the needs and preferences of this segment, a survey will be administered to 500 seniors. The survey will ask questions to determine subjects' locations, special needs, desired medical services and physician specialties, and preferences for hospital versus clinic locations. An executive summary of the market research plan will then be provided.
The document discusses conducting market research and segmentation for the proposed Golden Age Hospital project. It involves gathering external data on health conditions and medical institutions for seniors, as well as demographics for the local Mission Viejo area. A target senior market segment in Mission Viejo will then be identified based on this background research. To further understand the needs and preferences of this segment, a survey will be administered to 500 seniors. The survey will ask questions to determine subjects' locations, special needs, desired medical services and physician specialties, and preferences for hospital versus clinic locations. An executive summary of the market research plan will then be provided.
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PART 1
(4 pages) Golden Age Hospital (GAH) PROJECT
Market Research and Segmentation
1. The External Environment - Data Gathering
a. Search the Web and gather relevant general information regarding hospitals for seniors and direct data pertaining to the external environment of the proposed Golden Age Hospital b. Common medical conditions of seniors: i. Overall health status ii. Unique illnesses iii. Other c. Medical institutions for seniors: i. Types of institutions and clinics serving seniors (their size per population served) ii. Types of special services provided for seniors and catering to their needs. iii. Length-of-stay of seniors at various hospitals. iv. Other d. Local (Mission Viejo area) City demographics: i. Can be obtained from but not limited to: http://www.city-data.com/ ii. Input the nine municipalities (one by one) in the search box. iii. Scroll through the various data sets, and glean the relevant information: Population, Gender, Age, Household income, Race, Other. iv. Consolidate all nine city data sets into one table, total where appropriate 2. Based on the data gathered and the general picture you have obtained, we will now focus on direct market research and segmentation of the senior community in the Mission Viejo area. 3. In order to do so, you will need to define/address the following points: a. Who are your target market subjects? b. Where are they located? c. What special needs do they require? d. What special medical/health services do they wish to get? e. What type of physician specialization would they like to have? f. Locations: Do they prefer a single medical center (MC) hospital location, or do they prefer a medical center (MC) hospital and a community clinic (CC)? g. Other. 4. Survey Questionnaire: a. Complete the following proposed survey table – column A, that you plan to use in order to obtain the preferences and perceptions of the seniors of your target segment, assume n=500. (Click the link to access the GAH Project tables.)