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Business Strategy Development
What Is Business Strategy Development (BSD)?
For business profits to grow, it is imperative to increase revenue and decrease costs. More often than not, the focus is on increasing revenue. With our Business Strategy Development (BSD) consultation, we deep dive into the unseen costs often associated with operating a company.
This can range from improving work processes to reduce costs, enhancing employee’s skills and capabilities to increase productivity and output, and effectively retaining staff to avoid the hidden costs of training new employees to reach their desired operational efficiencies.
Enter the 6 Engines of Growth, our unique analysis model that will dissect your business and ascertain your business’ pain points, before diving deep with our business tools to analysis and evaluate the root cause of your company’s issues.
How Can BSD Help You?
Designed specifically for SMEs, our business strategy revolves around 6 Engines of Growth:
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Leadership & Culture
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Customers
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People
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Process
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Strategy
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Knowledge & Decisions.
A successful business strategy seeks to optimise all 6 tenets to accelerate the growth of your company and maximise your revenue.
At the same time, we understand no two businesses are alike. This is why we design each business strategy to your company’s unique challenges and requirements.
You may want to attract more people to buy your products or services. Perhaps you already have a steady stream of customers, but want to drive innovation in your offerings to chase a more a more lucrative market. Or maybe you would like to reallocate manpower to focus on the tasks that matter.
Whichever it is, let us understand your goals, and we’ll tailor a business strategy that works for you.
Benefits of Business Strategy Development
Build stronger business foundation & strategies
Achieve better financial performance
Create visionary & inspirational leadership
Enhance customer
service & satisfaction
Increase market penetration & revenue
Adopt technology & drive innovation in processes, products & services
Improve employee output
Grow overseas presence
Develop effective business planning process
"Stay Ahead Of Your Competitors"
Are you facing business challenges amidst recession?
Don’t worry, you’re not alone.
It is inevitable for companies to face problems even if they have been operating for many years.
With the global pandemic, there is a need to relook at your business model and analyse if it is still relevant to the market.
- Resorting to discounts and hurting profit margins just to keep prices competitive
- Low productivity and operational efficiency
- Bad hires and high turnover rate
- Decline in sales and profits
To bring companies from their current state to the desired state, we employ a 4-step approach
1. Business Diagnostic
- Existing business drivers, challenges, strengths and weaknesses
- Current organisation structure and operating model
- Understanding service offerings
- Identifying all relevant stakeholders
2. External Market Research
- Market Size & Performance
- Price Analysis
- Key Market Trends
- Competitor Analysis & Market Share
- SWOT Analysis
3. Development
- Business Model
- Strategic Roadmaps
- Business Framework
- Action Plans
4. Implementation
- Monitoring of actual implementation
- Recommendations for further improvement
- Fine-tuning based on objectives
1000+ Businesses Grew With Us
“Thank you so much for your hard work and leadership in helping us to navigate through it all. Sincerely appreciated.”
Walter Tarca
President, Forefront Medical
"We worked with Advanced Consultancy for our Business Excellence (BE) framework and it has been fruitful. The professionalism, the assistance and guidance has been most helpful and we couldn’t have asked for a better consultant. They had most definitely helped us in the journey."
Vince Yip
Business Development Manager,
The Floor Gallery
To help How’s Catering stay competitive, we devised new strategies to keep up with the tastes and preferences of both their existing and potential customers.
Achieving Goals Through Transformation
As Crestar expanded their services to serve consumers apart from businesses, we ensured their internal processes and strategies were able to support and serve this new segment of customers.
Looking Into Holistic Growth
While serving their new client base of residential customers, we improved L&L Supplies’ strategic plans and supplier management to increase customer satisfaction and product quality.
Enhancing Strategic Alignment
To help How’s Catering stay competitive, we devised new strategies to keep up with the tastes and preferences of both their existing and potential customers.
Achieving Goals Through Transformation
As Crestar expanded their services to serve consumers apart from businesses, we ensured their internal processes and strategies were able to support and serve this new segment of customers.
Looking Into Holistic Growth
While serving their new client base of residential customers, we improved L&L Supplies’ strategic plans and supplier management to increase customer satisfaction and product quality.