BizOps Enterprises Market Research Report: Merryville, Victoria

This report presents the market research conducted by BizOps Enterprises to identify the optimal location for a new retail store in the Merryville region of Victoria, Australia. The research highlights the region's high usage of digital devices and lack of digital retail outlets, making it a promising market. The report emphasizes the importance of effective communication among team members through face-to-face interactions and email. Information gathering methods included document analysis and questionnaires. Key communication protocols involve electronic mail for business-related data and face-to-face meetings when feasible. The report also stresses the significance of effective decision-making through team consultation and consideration of diverse perspectives. The draft text, including project objectives and research findings, requires approval for project continuation. The successful completion of the research marks the first milestone, with further execution contingent on draft text approval, effective communication, and sound decision-making.

MARKET RESEARCH IN
MERRYVILLE REGION OF
VICTORIA

Introduction
 BizOps Enterprises are undergoing market research
to determine the best location for a new retail store
in Merryville region of Victoria. This location is
being chosen because the inhabitants of Merryville
region uses wide range of digital devices but the
region has no digital retail outlet. The project
successfully reached its first milestone as the data of
the research and the surveys has been successfully
complied.

Effective Communication
 Effective communication among the team members
is necessary for a smooth work flow.
 The means of communication to be used with
colleagues, supervisors and mangers are mainly face
to face communication and email for business
communication.
 The advantage of face to face communication is that
it ensures the fastest information flow with no scope
for miscommunication.

Information Gathering
 For developing a successful project plan, from
information gathering and clarifying the
requirements are essential
 Different methods of information gathering is to be
undertaken . Proper investigation techniques are to
be ensured for a successful data collection.
 The investigation techniques identified for this
project are document analysis and distribution and
collection of questionnaire. Both the methods are
cost effective.

Communication Protocols
Effective communication ensures a proper information
flow. Setting up a communication protocol is
necessary for ensuring and effective
communication.
The standard communication protocol set for this
project is electronic mail for all business related data
sharing and also face to face communication
wherever possible.

Decision Making
 Effective decision making is significantly important
for project success.
 Effective decision making deals with choosing the
best among the present alternatives.
 The best alterative is to be chosen after consulting
the team members and considering their views on
the project. This is essential for proper execution of
the project.

Draft Text Approval
 For continuing with the project, the draft text
approval is utmost essential.
 In order to successfully approve the draft by the
enterprise personnel of Bizops the draft text should
include the objectives of the project and the findings
of the research in brief.

Conclusion
 The project successfully reached its first milestone
as the research was successfully completed. For
further execution of the project, the approval of the
draft text is necessary. An effective communication
and proper decision making ability ensures the
project success.

References
 Lai, R. and Jirachiefpattana, A.,
2012. Communication protocol specification
and verification (Vol. 464). Springer Science &
Business Media.
 Sontakki, B.S., Effective Communication
Skills. Orientation Programme, p.68.
 Zionts, S., 2012, December. MULTIPLE
CRTTERTA DECISION MAKING”. In Multiple
Criteria Decision Making Theory and
Application: Proceedings of the Third
Conference Hagen/Königswinter, West
Germany, August 20–24, 1979(Vol. 177, p.
150). Springer Science & Business Media.