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.
Objectives of BSD
Evaluating & strengthening your current business model & positioning.
Developing a strategy for sustaining business growth.
Business Transformation to adapt businesses to current market trends.
In an everchanging business landscape, SMEs are facing a myriad of constant challenges.
More often than not, SMEs don’t have the proper infrastructure and business model that MNCs have.
In response, Enterprise Singapore initiated a Business Strategy Development program to help SMEs scale up and remain competitive.
Our BSD 4 Step Methodology
Business Diagnostic
- Existing business drivers, challenges, strengths and weaknesses
- Current organisation structure and operating model
- Understanding service offerings
- Identifying all relevant stakeholders
- Overview of ongoing and planned projects
External Market Research
- Market Size & Performance
- Price Analysis
- Key Market Trends
- Competitor Analysis & Market Share
Development
- Business Model
- 6 Engines of Growth
- Strategic Roadmaps
- Business Framework
- Action Plans
Implementation
- Monitoring of actual implementation
- Recommendations for further improvement
- Fine-tuning based on objectives
Business Diagnostic
- Existing business drivers, challenges, strengths and weaknesses
- Current organisation structure and operating model
- Understanding service offerings
- Identifying all relevant stakeholders
- Overview of ongoing and planned projects
External Market Research
- Market Size & Performance
- Price Analysis
- Key Market Trends
- Competitor Analysis & Market Share
Development
- Business Model
- 6 Engines of Growth
- Strategic Roadmaps
- Business Framework
- Action Plans
Implementation
- Monitoring of actual implementation
- Recommendations for further improvement
- Fine-tuning based on objectives
Our Unique Analysis Model 6 Engines Of Growth
When evaluating and analysing your organisation internally, we explore these 6 facets of your business.
Leadership
Customers
People
Process
Knowledge & Decisions
Strategy
Common Problems Our Clients Face
Problems:
- Clients often lack proper succession planning, resulting in an abrupt handover of a family business.
- Unclear and/or undeveloped mission, vision & value statements, leaving employees unsure of what goal they are working towards.
- Unaware of the impact of improper organisation culture, resulting in higher staff turnover rates.
Solutions:
- Clients often lack proper succession planning, resulting in an abrupt handover of a family business.
- Unclear and/or undeveloped mission, vision & value statements, leaving employees unsure of what goal they are working towards.
- Unaware of the impact of improper organisation culture, resulting in higher staff turnover rates.
Problems:
- Clients often lack proper succession planning, resulting in an abrupt handover of a family business.
- Unclear and/or undeveloped mission, vision & value statements, leaving employees unsure of what goal they are working towards.
- Unaware of the impact of improper organisation culture, resulting in higher staff turnover rates.
Solutions:
- Clients often lack proper succession planning, resulting in an abrupt handover of a family business.
- Unclear and/or undeveloped mission, vision & value statements, leaving employees unsure of what goal they are working towards.
- Unaware of the impact of improper organisation culture, resulting in higher staff turnover rates.
Client Successes Quantified
mouse over each segment to see the results!
60% reduction in customer complaints.
customer retention increased from 62.5% to 80%
20% increase in Customer Lifetime Value
2% - 8% increase in sales.
customer retention increased from 62.5% to 80%
20% increase in Customer Lifetime Value
2% - 8% increase in sales.
customer retention increased from 62.5% to 80%
20% increase in Customer Lifetime Value
2% - 8% increase in sales.
customer retention increased from 62.5% to 80%
20% increase in Customer Lifetime Value
Video Testimonials
“They enhanced the flow of our customer feedback process. With their help, we are more confident in the quality of service provided to clients.”
Korene Tang Director, Atelier Tang
“They helped us structure our business strategies and chart out possible action plans to achieve our desired goals. To tackle our HR issues, they advised us to focus on our employees’ needs and development.”
Ye Ning
Managing Director, Sun Singapore Systems
“With their assistance, we generated numerous new business strategies and started documenting related activities. Our processes and operations were also smoothened through their advice.”
Francis Tan
Director, How’s Catering
“The consultant enabled us to have better visibility to charter our next steps, gain deeper insights on employee satisfaction and better handle customer complaints or touch-up requests.”
Joane Siew
Sales Manager, The Floor Gallery
“With Advanced Consultancy’s advice, we successfully ventured into interior design projects, which led to a 5% increase in the total number of contracted jobs.”
Reuben See
General Manager, Goh & Foong Contractors
“通过他们的协助,我门意识到聘请专业顾问的重要性。除了定制化服务,他们可以给予新鲜主意并以中立的角度促进企业规划,发展与转型。我相信其他企业,尤其是家族企业,也能从他们的服务受惠。”
吴康伟
业务发展经理,勝佳食品制造(第三代)
About Us
“Client’s success is our success.”
Advanced Consultancy was founded in 2013, offering consulting services for organisations in the management systems of quality, environment, occupational health and safety, information security, manufacturing practices, food safety and more. Through our services, we aim to help businesses optimise productivity, improve profitability and strive for business excellence.
With Business Strategy Development, we’re renewing our focus on SMEs. We want to empower SMEs with top business strategies used by the world’s largest & most successful companies without breaking the bank. Our services are designed to help you build brand value and drive sustainable competitive advantage, so you can grow your revenue even during this recession.
Why choose us
Full team of qualified Consultants
All of our consultants are Singapore Certified Management Consultants (SCMC) certified by TÜV SÜD and Registered Management Consultants (RMC) recognised by Enterprise Singapore.
Proven methodology & frameworks
We’re bringing you the same business strategies used by the world’s most successful companies.
Suitable & effective solutions for SMEs
We provide a customised approach based on your organisation’s needs and goals.
Up to 70% Enterprise Development Grant*
Our services are eligible for government funding and they will help with up to 70%* of the cost.
Chong Hwa King
Director, Operations
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Darshan Singh Independent Advisor to The Board
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