Business Growth Strategy Services

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Business Growth Strategy Services – We help you identify attractive market opportunities, brainstorm growth ideas and develop targeted business growth strategies to seize them.

There are several growth opportunities for every company: you can increase market share, enter new markets or conquer new geographical areas. We help you identify growth opportunities worth pursuing in light of your inherent abilities and industry dynamics.

Business Growth Strategy Services

Business Growth Strategy Services

For each identified growth opportunity, multiple paths can be followed. Our growth strategy experts help you capitalize on these strategic opportunities by building a better understanding of your customers, identifying areas for product or service innovation, and exploring partnership or acquisition opportunities to develop your growth strategy.

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Our growth consulting services help you develop strategic growth plans that guide your pace of growth. A growth strategy and plan that includes strategic, financial and organizational requirements will guide your management through the tough choices ahead.

Through our business growth consulting services, we look deeper, filter more selectively and apply greater creativity to capitalize on your growth opportunities.

Our business growth consultants look closely at your existing markets and products to spot any growth opportunities before moving into new areas. By analyzing vast amounts of business data and market intelligence and using advanced analytics tools and solutions, we spot growth opportunities that other consultancies may miss.

Growth alone is not good enough. Developing a profitable growth strategy requires discipline. With our proprietary growth strategy framework, our growth strategy services offer a disciplined approach to identifying growth opportunities in India and international markets, so you pursue only those growth strategies that are critical to driving your business growth.

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How do you better understand your customers, generate ideas for new products, or build value propositions to drive growth? Our team of growth strategy experts will help you look at your situation in a new way and create innovative thinking.

In recent years, India Inc. grappling with stagnant growth and shrinking profits. Through a unique multi-year study of India’s top 1,000 companies, we take a closer look at industry performance and identify key challenges to growth in today’s changing world. Based on the extensive insights gained from this study and our ongoing interactions in C-suites in India, we have identified four milestones that every business leader must pass through to embark on a new growth path. 1. Reset your assumptions 2. Organize for the future 3. Move forward with Agility 4. Digitize your business. Understand business development so you know what your BD department is doing and how to best use your skills.

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Anyone who works in business development knows that this can be difficult to explain. If someone asks you what you do for a living and you say “business development” or “biz dev,” you’ll probably get a question mark.

Business Growth Strategy Services

So if you don’t fully understand what business development is, don’t worry—you’re not alone. The best way to understand biz dev is to break it down into clear chunks.

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Read on to explore business development in all its facets, including creating a business development strategy.

Business development (BD) is a strategy used to find and nurture new prospects to help grow a business.

, business development is “creating long-term value for an organization through customers, markets and relationships.” This is a simplistic definition and still faces the hurdle of trying to capture the enormous responsibilities inherent in BD. Any effort related to business development is an activity that helps to improve the business. But it can be argued that this definition describes every activity of every employee.

The easiest way to understand BD is to look at it as an umbrella that works to enhance all other departments. Although BD is not sales, it helps to improve sales; it’s not marketing, it’s improving marketing.

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When it comes to sales development, the focus is more on researching and identifying potential customers and pushing them through the sales process to close the deal.

Business development involves finding new ways to grow and creating partnerships that can help open doors to new markets and opportunities.

New business development means that an existing company develops a plan to introduce a new product or service based on a new business model in a relatively unknown market. This is in line with business development as it aims to expand and generate more revenue for the business. It has its title because it can be a radical and risky approach.

Business Growth Strategy Services

Unlike traditional business development, new business development takes the company out of its comfort zone and tries tactics that the company has not tried before.

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An example. A restaurant that serves diners takes advantage of new business development when it starts offering delivery or partners with a food delivery service like Grubhub.

BDRs work with nearly all of your departments as they seek and implement new strategies, goals, leads, and tactics for your business. Because BDRs work with many people and have different skill sets, they need to bring specific experiences and qualities to the table.

Given the wide scope of responsibility, it is impossible to list all the activities that are part of business development. That said, here are the main tasks your BD team is likely to focus on:

Learn about the most pressing issues facing sales organizations today, what the dawn of conversational CRM means for your tech stack, and how you can come out stronger.

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All BD strategies start with a plan and goals – start developing your business development strategy by following the steps below:

A short 30-second pitch is required for each plan, including the BD plan. Want to go the extra mile? Make several sales pitches and see which ones are most effective. You can present while doing market research.

An elevator pitch summarizes what your company does, who you serve, and how your company differs from the competition. The goal of your elevator pitch is to open up a conversation about how you can serve your customers. Follow these best practices when making a presentation.

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The SMART system is an excellent tool for achieving business development goals. SMART goals are those that are specific, measurable, achievable, relevant and timely. For example, a good SMART goal for a business development strategy might be:

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“The goal is to improve response time to customer issues by increasing the number of customer service personnel from 10 to 15 people over the next three quarters.”

By following the SMART system, you keep your goals aligned with those of other departments and ensure they are achievable with your current resources.

A SWOT analysis represents strengths, weaknesses, opportunities, and threats. It is an effective business development tool as it helps you pinpoint your growth areas. The best way to use SWOT is to choose a specific aspect of your business to analyze. When conducting a SWOT analysis, keep the following questions in mind:

Example: If you want to launch a new product, you can look at what your company is doing well, what is not working well, where it might be lacking in capability, and what other companies could do better.

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Next, define your target audience – this can help you decide who you want to attract as potential new customers. While you want to be specific about who to target, avoid getting so specific that you run out of leads. Here’s how you can do it.

Conduct research to determine who your competitors are and what your customers want and need. You should know your customers’ problems and how you can solve them.

Customer surveys provide valuable insight into your audience’s needs. 80 percent of companies with year-over-year growth use surveys to collect customer experience data. Here are some tips for creating a survey:

Business Growth Strategy Services

To measure the success of your plan, identify measurable data points through which you can document positive (or negative) results. You can do this using key performance indicators (KPIs).

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Depending on what you’re measuring, these KPIs can range from changes in revenue to leads and conversion rates. The important thing is that you choose specific KPIs to complement your plan. Some biz dev KPIs include:

Perhaps the most important aspect of your plan is your budget. Your company must be able to afford your plan before it can be approved and implemented.

Keep your projected budget realistic, but don’t be afraid to stretch. After all, if your plan works, you should be able to make your money back. Be sure to include the following items in your business budget:

Quality customer service should be a top priority – it could be the difference between a customer choosing you over a competitor.

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Also maintain good customer support with existing customers to build lasting relationship with them. Additionally, if they have consistently positive experiences with your team, they may refer other contacts to your company.

A business development strategy is not complete without a sales plan. A sales plan helps outline your sales strategy and includes:

Although it focuses on the sales team, it can provide useful insights for your business development team.

Business Growth Strategy Services

Once you have a solid plan, implementation ideally becomes just a matter of setting and tracking. Implementation steps will depend on the parameters of your plan, but here are a few things to keep in mind as you get started.

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Business development is everything

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