2. Agenda
§ challenges businesses
§ organization business development
§ business development area
§ business development activity
§ Strategic options for business development
§ competitive advantage
§ Business development process
§ business development phases
§
7. 7 Strategies That May
Help With Explosive
Business Growth
1. Market Penetration
2- Market Expansion
3. New Product Development
4. Product Development for a New
Market
5. Strategic Partnership
6. Joint Venture
7.Company Acquisition
8. Strategic options for business development
Old product on old market
Keep on or take off the market
New product on old market
Product development
Old product on new market
Market development
New product on new market
Diversification
11. Establish business
• Determine business filed and product
• Put together team
• Setup business plan
initial growth
• Conquer market share and distinguish product
• Acquire a regular customer base
• expand the team
• Plan for the next growth phase
12. mid term growth meaning
• Develop new competitive strategies
• expand geographically
• promote executive and employee
long term growth
• Maintain quality assurance systems
• develop feasibility and speed
• establish responsive innovation system
• keep competitive strategy up to date