Market Share: Developing a Standard Format to Calculate Market Share
Even if a reported market share of over 100% can be explained, it is still an inaccurate representation of markets, which hampers collaboration between the IBEW and NECA. The lack of a common definition of market size and share has seriously reduced the development and application of winning strategies between these two organizations. Market share has become a negotiation tool to win concessions from each other instead of a tool for developing a common strategy to win back the market.
The roots of this research date back to an August 2003 NLMCC (National Labor-Management Cooperation Committee) workshop conducted by MCA, Inc. during a meeting of top-ranking NECA and IBEW executives in Knoxville, Tennessee. During this four hour workshop, industry executives โguesstimatedโ their market share. At the conclusion of this session it became obvious that a study was necessary to commonize the approach to market share calculation.
The research approach utilized the following steps:
–ย Look at what is out there currently being done
–ย Determine how others calculate their market share
–ย Develop an unbiased and reliable method
–ย Recommend development of the common strategy
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REPORT DETAILS
Author(s):
Heather White
Michelle Wilson
Perry Daneshgari
Institution(s):
MCA Inc.
University of Michigan
Publication Date:
February 2007
Format & Size:
Soft cover; viii and 43 pages
Index Number:
F2710

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