Business Instinct
In determining the business opportunities in a region that is not easily done simply by using the methods applied to market analysis. Instinct and instinct also has an important role in conducting analysis. Many business people fail to execute its business due to lack of instinct. They continually apply method that is conditioned by its environment. But there are some business people who failed because of a lack of business sense. Business instinct cannot be learned, but can be created by the experience. Experience can be obtained in various ways, such as personal experience, experience from others, and also experience were read from the book.
Analyzing product, market segment, or even the price, should be using the mix between the methods applied and business sense. These two things should not be separated in order to obtain maximum results. Important role of instinct is when implementing the method in the field. In another word, business instincts are those who determine what methods are used and when the method is applied.