BSBEMS401 Assessment Answer – Develop and implement Business Development Strategies
For the expansion of any business one of the pillars is a rock-solid client base, because it will help that organization in quick and steady growth. Being an important topic in the management course students need to prepare a solution to BSBEMS401 Develop and implement business development strategies assessment answers to expand the client base. The BSBEMS401 Assessment Answer provides the students with an opportunity to learn about developing strategies to identify potential clients, initiating relationships with potential clients, managing client relationships, and utilizing the networks to expand the client base. Besides, they also get to find out how to write a business development plan.
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Learning outcomes of the BSBEMS401 Develop and implement business development strategies:
Upon the successful completion of the BSBEMS401 Summative Assessment, students will be able to:
Students will be able to develop strategies to identify potential clients:
- To identify potential clients, students will be able to undertake research.
- To target potential clients, students will be able to develop marketing and promotional plans and also use prospecting methods.
- For effectiveness, students will be able to review and evaluate strategies.
Students will be able to initiate relationships with potential clients:
- To effectively liaise with potential clients students will be able to develop various communication strategies.
- Students will be able to analyze and identify the client’s legislative and business requirements and also discuss and negotiate it.
- To meet negotiated client business requirements students will be able to prepare a tender and proposal.
- Students will be able to present the organization’s proposal to the client by preparing an appropriate business development action plan.
Students will be able to manage client relationship:
- Students will be able to make follow-up contact with the clients.
- To ensure client satisfaction with the service to be provided students will be able to negotiate business requirements.
- Students will be able to adapt the proposal to the client as per the requirements.
- Students will be able to develop a contract with the client.
Students will be able to utilize networks to expand client base:
- For effectiveness in assisting to identify potential clients students will be able to review and assess established networks.
- To utilize networks to identify potential clients students will be able to use appropriate communication strategies.
- To identify and build relationships with potential clients students will be able to use various networks.
- In expanding the client base students will be able to identify the benefits of networks and other relationships.
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Mentioned below are the following skills and knowledge required to complete the BSBEMS401 Assignment Answer:
Required skills: excellent communication skills are required that can be used to maintain and establish effective business relationships with potential and current clients. Negotiation and consultation skills are required to persuade the clients to use the services that are provided by the organization. You would need culturally appropriate communication skills that can be used to relate to people from diverse backgrounds and people with diverse abilities. You would need amazing presentation skills that will be used to promote the organization’s services to current and potential clients through a business development chart. And last but not lease you would need excellent sales and marketing skills with an amazing business plan strategy that will be used to promote the organization’s services and to generate leads.
Required Knowledge: you should know social, economic, and industry trends affecting the employment level. You must have the information about the key provisions of the relevant legislation from all forms of the government that affect the codes of practice, national standards, and business operations including the: occupational health and safety (OHS), equal employment opportunity (EEO), industrial relations, racial discrimination, privacy law, disability discrimination legislation and freedom of information legislation. You should have ideas of various methods of attracting new clients, the principle of equal opportunity, equity diversity, and anti-discrimination. You must know the range of organizational services and products and relevant territory/state and federal industrial relations systems.
As you can see that the pool of knowledge and skills that is required to complete the BSBEMS401 business development budget assignment requires, that is why students prefer to avail the online assessment writing services from the experts of Australia Assignment Help
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The majority of students have no idea how strategies to expand the client base gets developed and implemented in an organization, and this assignment provides the students with that knowledge. As the BSBEMS401 Assignment 2 Answers requires in-depth knowledge about the subject otherwise students face various difficulties in completing it.
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