Business
Development Scan
OAC
can identify and help develop strategies to maximize opportunities
for doing business with other companies. The scope of business
development projects often includes present and prospective
customers, suppliers, joint ventures, licensing agreements, and
strategic alliances. Business development research projects
typically address the following types of
information.
What
is the customer's strategic plan?
·
What are the
customer's most important objectives in pursuing the specific
business opportunity?
·
What is the customer's
current situation concerning the specific business opportunity,
including the purchase of specified products/services?
·
How does the customer
see your products/services fitting into its intermediate to
longer-term business strategy?
·
What are the most
important factors affecting the customer's decision?
·
What are the quality
and quality issues involved in the decision?
·
What are the maximum
price and minimum terms the customer's strategic plan is willing to
accept?
·
Does the customer have
a hidden agenda regarding the specific business opportunity?
·
What is the customer's
timetable and what are the factors driving this
timetable.
What
is the customer's view of your company and its
products/services?
·
What is the customer's
evaluation of the strengths and weaknesses of your company and its
products/services?
·
What were the basis
and contributing factors for this evaluation?
·
Is there any member of
the key decision making team who has a bias against your company,
and if so, what is the reason for this negative view?
·
Is the customer team
influenced by any external advisor's recommendation, and if so, is
the recommendation positive or negative?
What
is the customer's negotiating strategy and tactical action
plan?
·
What are the
customer's negotiating strategy and tactics to produce the price and
terms it wants in the contract?
·
What flexibility in
negotiating price and terms does the customer's strategic plan allow
in negotiating the contract?
·
What is the customer's
level of commitment to ensuring the negotiations result in a
contract?
·
What are the internal
reasons, pressures and other motivations behind the commitment to
negotiate and complete a contract?
·
Which terms are
negotiable, which are not, and why?
·
Has the customer's
negotiating team set any benchmarks, timelines or scheduled a
deadline for the negotiations?
·
Are any alternatives
to the present negotiations under serious consideration?
What
are the competitive issues?
·
How does your company
rank among those companies considered for the
contract?
·
What are the
advantages that the customer considers the competition has over your
company?
·
What are the
advantages that the customer considers your company has over the
competition?
·
What is the customer's
evaluation of completing a transaction with your company and the
competitor; what are the pivotal issues, concerns, roadblocks,
advantages, disadvantages, opportunities, and
preferences?
What does the customer know about your
company?
·
What is the customer's
level of knowledge about your company in regard to this business
opportunity?
·
Does the negotiating
team have a source of confidential information inside your
company?