Strategy Consultation & Internationalisation
Strategy
Consultation &
Internationalisation
There Are 3 Different Types of Strategic Management
Consultation We Do
Business Strategy Development
Objectives :
Services :
- Diagnosis and gap analysis in your company
- Assessment of internal and external factors, such as strengths and weaknesses, and competition
- Development of a strategic roadmap, business frameworks, policies or processes
- Recommendations and plans for implementation
- Sustainability strategy projects that include one or more of the following components:
- Assessment of sustainability risks and opportunities
- Strategy development
- Setting metrics and targets
Methodology :
Benefits :
Get Funding Subsidies
Get funding of up to 50% of the business project cost including increased workforce in the business, and third-party consultancy fees (sustainability-related projects may be supported at up to 70% from 1 April 2023 to 31 March 2026)Experienced Certified Consultant
Engage experienced Digital Consultants agencies and MNC experts with affordable and lower consultant fees compared with broader consultanciesDeveloped Strong Business Strategy
Develop Strong Business Strategy that is scalable and efficient for your business growth.Able to Scale Overseas
Be an empowered SME business in Singapore with the ability to establish yourself overseasStrategic Brand & Marketing Development
Objectives :
- Help your company better capture target audiences
- Differentiate your brand, and your products and services
Services :
- Development of effective brand strategy that appeals to targeted consumers and offers differentiated proposition from the competition
- Assessment of a brand’s financial value and identification of brand levers
- Development of a strategic plan to optimize marketing resources and improve customer communications
Methodology :
Benefits :
Get Funding Subsidies
Get funding of up to 50% of the business project cost including increased workforce in the business, and third-party consultancy fees (sustainability-related projects may be supported at up to 70% from 1 April 2023 to 31 March 2026)Experienced Certified Consultant
Engage experienced Digital Consultants agencies and MNC experts with affordable and lower consultant fees compared with broader consultanciesDeveloped Strong Brand Strategy
Develop Strong Brand Strategy that is scalable and efficient for your business growth.Structured Marketing Plan
Develop strategic marketing activities to maximize brand visibility and build brand equityFinancial Management
Objectives :
- Improve efficiency and productivity
- Monitor transparency
- Financial management regulatory enforcement
Services :
- High-Level Risk Assessment
Gap Analysis :-
- Identify financial risks and make recommendations
- Improve financial management
- Draft major financial management policies and procedures
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Methodology :
Assessment
- Identify high-risk financial management (sales, purchase, inventory management)
- Proper communication
- Identify internal control issues to improve financial management
- Identify financial risks and control activities to improve financial management
- Drafting major financial management policies and procedures
- Training and workshop
Benefits :
Get Funding Subsidies
Get funding of up to 50% of the business project cost including increased workforce in the business, and third-party consultancy fees (sustainability-related projects may be supported at up to 70% from 1 April 2023 to 31 March 2026)Financial Audit and Build Processes
Engaging experienced SGX Listed Companies and MNC experts with affordable and lower consultant fees compared with broad consultanciesExperienced Certified Consultant
Engage experienced Digital Consultants agencies and MNC experts with affordable and lower consultant fees compared with broader consultanciesFinancial Management to build your valuation
Better financial management in the corporation will give you financial freedom as a business owner or manager, making you much more attractive to investors and/or increasing your chances of going public in the futureEDG Grant Eligibility
We are happy to share that all the 3 consultation services are also
eligible for EDG grant.
Strategic Management Consultation
Strategic management consultation is a dynamic and collaborative process that organizations engage in to enhance their long-term performance and competitive advantage. It involves the expertise of experienced consultants who analyze an organization’s internal and external environments, assess its strengths and weaknesses, and identify potential opportunities and threats. Through a series of strategic planning sessions and in-depth discussions, consultants work closely with key stakeholders to develop comprehensive strategies that align with the organization’s goals and vision. These strategies encompass a wide range of areas, including resource allocation, market positioning, innovation, risk management, and organizational structure. By leveraging their industry insights and best practices, strategic management consultants guide organizations in making informed decisions, adapting to changing market conditions, and achieving sustainable growth in today’s complex and ever-evolving business landscape.
Frequently Asked Questions
Yes, Enterprise Development Grant (EDG) is officially launched on 25 October 2018. It replaces Capability Development Grant (CDG).
You can get funding up to 70%. This means Enterprise Singapore may sometimes choose to fund only 50% of the project. It really depends on a number of factors.
EDG is under the new governmental agency called Enterprise Singapore, ESG in abbreviated form. ESG is a merged entity of SPRING and IE Singapore. They give the final green light to all grants.
That really depends on the scope of the project. The grant is correlated to the size of the company in terms of turnover and manpower. We do not have the exact algorithm nor science on this. Neither ESG will give you a definite answer on this.
The projects can fall under these scope:
1. Core Capabilities
a) Strategic Brand and Marketing Development
b) Business Strategy Development
c) Human Capital Development
d) Service Excellence
e) Financial Management
2. Innovation and Productivity
a) Process Redesign
b) Product Development
c) Automation
3. Market Access
a) Overseas Marketing Presence (OMP)
b) Market Access
c) Pilot Project and Test Bedding
d) Mergers and Acquisitions (M&A)
- Strategic Brand and Marketing Development
- Financial Management
Companies keen to apply for the Enterprise Development Grant (EDG) should meet these criteria:
- Be registered and operating in Singapore
- Have a minimum of 30% local shareholding
- Be in a financially viable position to start and complete the project
In general, startups are not eligible for EDG. If you are a startup, you can look at the ecosystem meant for startups: Startup SG network.
Our experience tells us that it should not be zero or just one. And the project sum must justify the size of the company. A good number should be 5 employees and they should not include directors, partners or owners.
Depending on the scope of your project, the timeline could range from 4 to 12 months. This includes time to establish proposed objectives and conduct research. Our typical branding project takes about 4 to 6 months.
The application process is not particularly onerous. You can easily apply EDG at Singapore Business Grants Portal.
If you have officially appointed us as your consultant, we are more than happy to guide you along.
To apply for the Enterprise Development Grant (EDG), you will need your company’s CorpPass. If your company does not have a CorpPass account, refer to the CorpPass Guide for instructions on how to set one up.
You need these information to apply for the EDG:
- ACRA information
- Audited financial statements
- Relevant proof of quotation or proposal
- Management consultancy scopes
- Relevant consultants’ certification
Project proposal templates are available to guide companies in their preparation for submission.
If you already appoint us as your consultant, we will write the project proposal for you.
There is no fixed timeline. It may take 1 to 2 months. Do understand Enterprise Singapore is running a lean team to handle EDG.
In theory, there are no restrictions on how many EDG Grants you can apply for. Currently, ESG allows you to apply and work on more than one EDG project at any given time. However, you can only apply for an EDG grant in a specified area once. This means that if you are awarded an EDG grant for Branding and Marketing once, you are no longer eligible for another EDG grant under the same category that is Branding and Marketing. However, you can still apply for EDG grants under other areas.
