The underlying theme of this report was the determination of the viability and sustainability of a market for the product "Laser Shot Technology". Laser Shot technology uses computer simulations to aid with accuracy shooting and overall gun handling. Th

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ANALYSING THE MARKET POTENTIAL FOR LASER-SHOT GUN TRAINING WITHIN GEORGE, WESTERN CAPE

JOAN-MARIE STEENKAMP

OCTOBER 2011


ANALYSING THE MARKET POTENTIAL FOR LASER-SHOT GUN TRAINING IN GEORGE, WESTERN CAPE

JOAN-MARIE STEENKAMP

In partial fulfilment of the requirements for the Degree Baccalaureus Technologiae (Marketing) in the Faculty of Business and Social Sciences at the Nelson Mandela Metropolitan University, George Campus, George.

Supervisor: Mrs Santie von Below


DECLARATION

I, Joan-Marie Steenkamp, hereby declare that:

  • The work in this report is my own original work;
  • All sources used are acknowledged and referred to appropriately; and
  • This report has not been previously submitted in full or partial fulfilment of the requirement for equivalent or higher qualification at any other recognized tertiary institution.

Joan-Marie Steenkamp

George, Western Cape

October 2011


ACKNOWLEDGEMENTS

I wish to thank a number of individuals who helped in compiling as well as providing information to complete this research project. My thanks go to Mrs Santie von Below, part-time lecturer at the Nelson Mandela Metropolitan University, George Campus who diligently supervised the project and gave valuable insights and direction for this study. It is sincerely appreciated.

My thanks also extend to Dr Jacob Cornelius Steenkamp, a senior lecturer at the Nelson Mandela Metropolitan University, for his time and help supplied with the students at the university. I would also like to acknowledge the information given to me with regards to hunters and the CHASA courses as well as the composition of the questionnaires.


EXECUTIVE SUMMARY

The underlying theme of this report was the determination of the viability and sustainability of a market for the product "Laser Shot Technology".  Laser Shot technology uses computer simulations to aid with accuracy shooting and overall gun handling.  The results of this research gave insight into the possibility of a new venture within George for alternative methods of firearm training.  

 The goals for viability included stability of the markets and the growth potential of market segments.  The economic, sociable and environmental sustainability of market segments were tested and the results show that the market is sociably and environmentally sustainable, however further research needs to be conducted to determine economic sustainability.

The research consisted of a sample (n= 100) of respondents chosen throughout the Garden Route.  These respondents consisted of students, gun owners and hunters.  Questionnaires were distributed to establish important factors, current training session content, cost and time of training sessions and preferred frequency of training sessions. The results show that service (72 %) and professionalism of training providers (61 %) are the two most important factors to hunters and gun owners. Furthermore the results show that should limiting factors be removed, 63 % of respondents would like to train more than once a month, up from only 20 % currently.

The study determined that the opportunity to establish the new venture exists, but a more detailed analysis of the economic viability of different market segments is recommended.  


TABLE OF CONTENTS

DECLARATION        iii

ACKNOWLEDGEMENTS        iv

EXECUTIVE SUMMARY        v

LIST OF TABLES        ix

LIST OF FIGURES        x

  1. INTRODUCTION AND BACKGROUND        1
  1. INTRODUCTION        1
  2. DEFINITIONS OF KEY CONCEPTS        2
  3. RESEARCH PROBLEM, GOAL AND OBJECTIVES        3
  1. Research Problem        3
  2. Research Goals        4
  3. Research Objectives        5
  1. HISTORICAL BACKGROUND OF THE STUDY        5
  1. LITERATURE REVIEW        6
  2. DATA ANALYSIS AND PRESENTATION        14
  1. INTRODUCTION        14
  2. IMPORTANT FACTORS CONCERNING TRAINING        15
  3. FREQUENCY OF TRAINING AND AVERAGE NUMBER

OF PEOPLE ATTENDING        16

  1. PREFERRED FREQUENCY AND TIME OF TRAINING        17
  2. NEED FOR TRAINING IN THE FOLLOWING FACTORS        18
  3. WILLINGNESS TO RECEIVE TRAINING AT GEORGE        20
  4. CURRENT TRAINING AND SHOOTING SESSIONS INFORMATION        20
  5. INFORMATION ON LASER SHOT TECHNOLOGY         23
  1. DATA ANALYSIS AND INTERPRETATION        25
  1. INTRODUCTION        25
  2. FACTORS INFLUENCING TRAINING        25
  3. FREQUENCY  AND PREFERRED FREQUENCY OF         

TRAINING PREFERRED FREQUENCY AND TIME OF TRAINING        26

  1. NEED FOR TRAINING FOR THE FOLLOWING FACTORS        28
  2. WILLINGNESS TO RECEIVE TRAINING AT GEORGE        29
  3. CURRENT TRAINING AND SHOOTING SESSIONS29        29
  4. INFORMATION ON LASER SHOT TECHNOLOGY         30
  1. GENERAL CONCLUSIONS AND RECOMMENDATIONS         31

REFERENCES                36

ADDENDUM A:        QUESTIONNAIRE


TABLE

TABLE 1: IMPORTANT FACTORS REGARDING SHOOTING PRACTICE        16

TABLE 2: IMPORTANT TRAINING FACTORS        19

TABLE 3: CALIBRE MOST OFTEN USED        21

TABLE 4: IMPORTANT FACTORS REGARDING SHOOTING  PRACTICE

                RANKED IN ORDER OF IMPORTANCE        26


FIGURES

FIGURE 1: PRESENT FREQUENCY OF SHOOTING PRACTICE        17

FIGURE 2: PREFERRED FREQUENCY OF SHOOTING PRACTICE        18

FIGURE 3: AVERAGE RAND VALUE PER SESSION        20

FIGURE 4: DAYS PREFERRED FOR TRAINING SESSIONS        23

FIGURE 5: INFORMATION MEDIUMS FOR LASER SHOT

                 TECHNOLOGY        24

FIGURE 6 CHANGES IN PERCENTAGE OF CURRENT

                 AND PREFERRED TRAINING FREQUENCIES        27


  1. INTRODUCTION AND BACKGROUND

  1. INTRODUCTION

The research problem identified in this report focuses on the possibility of starting a business using Laser Shot technology.  The aim is to determine if it is both viable and sustainable in the long term.  It also investigates the market potential for such a product, and the willingness of the market to engage in this alternative method of rifle training if it were available.

The sustainability of the business is of vital importance to the decision of whether or not to start the business.  Data acquisition for the research is primarily based on questionnaires circulated to local gun owners, students in game ranch management and nature conservation at the Nelson Mandela Metropolitan University (NMMU), George Campus, and hunters belonging to a hunting association to determine the factors most influencing their training methods, the average training time and number participating in training, as well as their willingness to engage in alternative training methods.

The Garden Route district has been selected as the geographical limitation for the study.

  1. DEFINITIONS OF KEY CONCEPTS

To provide clarification within the report, definitions of key concepts are provided below.

Laser Shot technology is “...the global leader in firearm and force option training solutions. Innovative products incorporate the latest technologies in developing accurate, dependable, and effective use of firearms by military, law enforcement, and other public safety professionals by using simulated programs” (Laser Shot technology Firearms Training Solutions, 2011:¶1).

        

Sustainability is “...achieving economic, environmental and social goals without compromising the same opportunity for future generations” (Timmons & Spinelli, 2009: 113).  

Viability can be defined as “...testing to see if the business idea can generate enough money to pay all of the expenses of the business, to cause growth or maintain stability, and to increase wealth” (MacLeod & Terblanche, 2004: 27) and “that has satisfactory performance and opportunity for improvement” (Lamb,  Hair, McDaniel, Boshoff & Terblanche, 2006: 121).

Market can be defined as “those customers who are willing and able to buy products to satisfy particular needs or wants” (Stokes & Wilson, 2006:120)

Marketing mix refers to “a unique blend of product, place (distribution), promotion and pricing strategies designed to produce mutually satisfying exchanges with a target market (McDaniel, Lamb & Hair, 2008: 48)

  1. RESEARCH PROBLEM, GOAL AND OBJECTIVES

  1. Research Problem

The research problem addresses whether a business using the technology of Laser Shot technology to train individuals or organisations in firearm handling and firing techniques will be viable and sustainable in the Southern Cape.  It can be addressed using the following questions:

  • Will there be enough users for the Laser Shot technology product?
  • What are the present costs of training?
  • Is there an opportunity for providing alternative training?

These questions address the viability and sustainability of the business idea.  Before starting a business, the idea needs to be tested for viability. If the idea is viable, sustainability must be tested for the business to be a success.  Even if an idea is viable, it does not mean that it is sustainable in the long-term.  The aim of a business is to grow, and it can only grow if the sustainability factors – economic, environmental and social – can be positively achieved (MacLeod, et al., 2004: 20 - 27).

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  1. Research Goals

The following research goals are formulated

  • to determine the need for the product Laser Shot technology;
  • to determine the average time spent in training;
  • to determine the willingness of people to participate in alternative types of training, including gun handling and firing;
  • to determine factors important to gun owners, hunters and sport-shooters.

  1. Research Objectives

The following research objectives are formulated from the research goals

  • to determine the need for the product Laser Shot technology within the George area;
  • to determine the average time spent in training and ...

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