About Prompt
- Prompt Type – Dynamic
- Prompt Platform – ChatGPT
- Niche – Business
- Language – English
- Category – Market Analysis
- Prompt Title – ChatGPT Prompts for Business Analysts
Prompt Details
This prompt is designed for business analysts using ChatGPT to perform comprehensive market analysis. It uses dynamic input fields for flexibility and encourages detailed, structured output.
**Prompt:**
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Analyze the market for [Target Market/Industry – e.g., “plant-based meat alternatives in the US”] focusing on the period from [Start Date – e.g., “January 2020”] to [End Date – e.g., “December 2023”]. Consider the following factors and organize your response using the headings below:
**1. Market Overview and Size:**
* Provide the overall market size in terms of [Unit – e.g., “USD”] for each year specified. Include Compound Annual Growth Rate (CAGR) over the period.
* Briefly describe the market landscape, mentioning key characteristics and trends.
**2. Market Drivers and Restraints:**
* Identify and explain the key factors driving market growth (e.g., increasing health awareness, environmental concerns).
* Identify and explain the key factors hindering market growth (e.g., high prices, consumer perception, regulatory hurdles).
**3. Competitive Analysis:**
* Identify the [Number – e.g., “top 5”] key players in the market and briefly describe their market share and competitive strategies. Include a SWOT analysis for each of these players.
* Analyze the level of market concentration (e.g., fragmented, consolidated) and discuss the implications.
* Explore potential disruptive technologies or business models affecting the competitive landscape.
**4. Customer Segmentation and Needs:**
* Segment the target market based on relevant criteria (e.g., demographics, psychographics, buying behavior).
* Describe the needs and preferences of each customer segment.
**5. Market Trends and Opportunities:**
* Identify and analyze emerging trends in the market (e.g., new product development, technological advancements, changing consumer preferences).
* Assess the potential opportunities these trends present for businesses.
**6. Potential Risks and Challenges:**
* Identify and analyze potential risks and challenges that could impact the market (e.g., economic downturn, supply chain disruptions, changing regulations).
**7. Future Market Outlook:**
* Provide a forecast for the market size in [Unit – e.g., “USD”] for the next [Number – e.g., “3”] years.
* Discuss the expected growth trajectory and key factors influencing future market development.
**8. Recommendations for Businesses:**
* Provide actionable recommendations for businesses operating in or considering entering the target market, based on your analysis. This should include specific strategies for success, addressing market opportunities and mitigating potential risks.
**Data Sources:**
Please indicate the sources used for your analysis (e.g., market research reports, industry publications, statistical databases). Prioritize credible and reliable sources.
**Output Format:**
Ensure your response is well-structured, easy to read, and uses bullet points and tables where appropriate. Use concise and professional language.
**Optional additions:**
* You can specify a particular geographic region within a country (e.g., “plant-based meat alternatives in California, US”).
* You can refine the time period to specific months (e.g., “June 2022 to December 2023”).
* You can request the inclusion of specific data points, such as market share by distribution channel or product category.
* You can tailor the competitive analysis by specifying the type of competitors to focus on (e.g., direct competitors, indirect competitors).
* You can request specific frameworks to be used in the analysis (e.g., Porter’s Five Forces, PESTLE).
By providing specific details and desired output structure, this dynamic prompt guides ChatGPT to generate a detailed and relevant market analysis report tailored to the needs of a business analyst. The dynamic nature of the prompt allows for flexibility and customization, making it a valuable tool for various market research tasks.
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This prompt is designed to be iterative. After receiving ChatGPT’s initial response, the business analyst can refine the prompt by asking follow-up questions or requesting more detailed information on specific aspects of the analysis. This iterative approach helps ensure that the analysis is comprehensive and insightful.