Category: Business & Economy

The structural evolution induced by new technology, dynamic demands of the customer, and sector integration, entities are pursuing aggressive business growth strategy consulting. Creating an effective growth plan helps to align both immediate and long-term firm goals, offering a road map to more efficient operations and revenues. The application of advanced data analytics to get a deeper understanding of end-user procurement patterns and emerging product preferences along with increased mobility across functions, would assist businesses in discovering and sharing ideas…

Overview of Business Plan Consultant Services in Singapore Every enterprise or business needs a professionally created business plan to achieve its objectives and goals. This is true for multinational businesses as well as local startups. Business plan consulting services in Singapore are focused on providing this strategic advice to a wide range of businesses and enterprises. Business plan consulting services involve third parties providing strategic advice depending on factors that impact the business. Singapore business plan consulting services will also…

Consulting firms can support a company’s needs at any level to eliminate challenges, grow the business, and position themselves effectively in a competitive market. A business consulting firm in Singapore has expertise in many areas. Therefore, businesses can leverage the firm’s services to acquire the knowledge they need to make their companies better, boost organizational productivity, and improve bottom-line KPIs. A small business, in particular, might require occasional expert advice on certain topics and strategies. In such scenarios, hiring a…

It is always a good idea to investigate a new product or creative idea’s practicality in the real world before investing a lot of time or money in it, regardless of how confident you are in it. Do you have a lot of unanswered questions? If yes, it is quite natural. This is where market research comes into play. Feasibility analysis is the process of confirming that a strategy, plan or design is possible and makes sense.  It is a preliminary study…

To stop your business from attaining a saturation point, it is important to make sure you have a strong market expansion strategy to move your business forward. A market expansion strategy is all about knowing the needs of your consumers, segments, and unmet customers to device a targeting plan. Any company may decide to expand, either looking for new market niches in existing countries or seeking new markets for market segments already identified and addressed. Even if the expansion strategy…

Driving Business Success in Singapore: Why Market Research Matters – 5 Key Insights Market research is crucial for a business of any industry. According to Dan Zarrella “marketing without data is like driving with your eyes closed.” Comprehensive market research can provide insights on the market conditions and can give actionable insights on industries and markets. Here are 5 reasons why market research should matter for your business success. Understanding Your Target Market Market research gauges the pulse of the…

No two businesses are the same, a successful strategy planned for a business may not work out for another business. This is because every business is unique and needs a focused market analysis to arrive at a suitable plan. The research service has to be customized based on the individual needs of a business, for which, you can consult market research survey companies in Singapore. Big business houses will have dedicated teams to carry out market research which conducts focused…

Overview on Feasibility Study & Its Importance Feasibility Study Feasibility studies are important because they can assist in the formation of business plans and cross-functional assignments.  Market Feasibility Study determines the depth and condition of a particular market and its ability to support a particular development. The main objective of a market feasibility study is to understand the market to determine if enough demand exists to make the venture successful. A feasibility study is conducted in order to examine if the…

Importance of Drafting a Business Plan A business plan is critical for any new business venture, but is often neglected as the Entrepreneurs do not completely understand the depth of the benefits that they provide. Some of the major advantages that a business plan could provide are listed below Clear Objectives The business plan can be used to specify and manage measurable objectives such as sales, website visitors, new product launches, consumer reviews etc. This can be used to define…

Importance of Conducting Market Research in Singapore Market research is a critical step that involves collection and analysis of data about the target market, product/service demand, competition and the environment in which the business is setup. These information that are gathered through the research provide valuable insights which are critical for taking strategic business decisions. A report published by Forbes suggested that approximately around 90% of the startups fail within a year from of starting their operation. On doing a…