ECU’s business growth and development department offer professional consultancy services to both new and existing students. Overall, business growth and development department offer services ranging from basic course enquiries, through to market analysis and market research. This includes company surveys, […]
ECU’s business growth and development department offer professional consultancy services to both new and existing students. Overall, business growth and development department offer services ranging from basic course enquiries, through to market analysis and market research. This includes company surveys, interviews, and surveys. The company’s growth and development team are always keen to provide their customers with the best quality advice. For those in need of such advice, a business development and growth consultancy team are able to provide the necessary assistance to suit individual needs.
For example, if there are multiple companies in the area of operation, one may wish to consider a merger or acquisition. Alternatively, another market might have a demand for that particular product or service. ECU’s business growth and development department can assist in this situation by providing consultation on business growth and development strategies. They would then be in a position to advise whether a merger or acquisition is in the interests of the company and its customers.
Another way of obtaining market share for a particular business is horizontal acquisition. Horizontal acquisition involves acquiring a business or joining a company that is already operating in your market sector. However, sometimes it is necessary to move from your existing business to obtain a larger slice of the market. In such cases, you should employ the services of business growth and development consultants who would assess the viability of your acquisition option. The consultants would advise you on how you can achieve your goals and obtain the maximum return on your investment. For instance, if your acquisition is aimed at gaining market share in a particular city or region, horizontal acquisition might mean obtaining a controlling interest in that particular city’s airport, railway station, or other transport infrastructure assets.
Business development consultants will also advise you on the various business growth and development strategies that will help you achieve your goals. These strategies may include expansion plans, franchisees, mergers and acquisitions, joint ventures, joint venture giveaways, and other forms of transactions. One strategy that is often advised by consultants is offshoring some or all of your production processes to a low cost or offshore facility. The logic behind this is that it will lower your fixed costs and increase your flexibility in meeting consumer demands. Another strategy that has been widely adopted by many companies is reduction of overheads. This includes cutting down on labour, overheads, production, and waste disposal.
The above mentioned business growth and development strategies are just a few of the various strategies that are often adopted for achieving increased market penetration. There are many more that are currently being tried out by companies. Many companies have been able to successfully implement such strategies, but unfortunately, not all have been. Many companies have failed to realise the importance of business growth and development. Unless a company takes a holistic approach to business growth and development, chances are that it will fail to realise its business growth and development goals.
For any business to be successful and enjoy rapid business growth and development, one must adopt strategies and techniques that are relevant to the particular industry in question. The past year has shown that there are many companies that have adopted the wrong business growth strategies and have not enjoyed the benefits that they should have. It is advisable that you stay away from those companies as they may not be able to help you achieve your business growth and development goals. It is important that you implement the correct business growth strategies so that you can enjoy the success that you deserve.