Business problem:
- Create a new division for the Bank with focus on International consulting assignments
- Explore opportunities for business in other international markets
Solution Approach:
- Undertake market study to determine market size
- Analyze internal strengths in products and services and identify specific offerings in different markets
- Forecast revenues and estimate costs for determining breakeven point
- Design and map end to end process for the consulting division and create standard operating procedures
- Create pricing and billing models for the division
- Research and identify methods of communicating services, for example web site, brochures etc.
- Capacity building of divisional staff on communication, project management, process management, pricing, etc.
Key Outcome and benefits:
- Setting up a new, revenue generating division
- Enhancement in outreach and footprint for the development bank in different geographies
