Widening Market Share through International Business Opportunities

Rise in demand in worldwide procurements, combined with the immense growth of commercialization all around has been instrumental in development of numerous business websites dealing with international tenders.

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The basic premise of such tenders are that the company inviting the tenders will give all the information about the work concerned, and their overall requirements. Similarly, the service provider should give their background history and assessment of experiences on the issue. Competitive nature of the tenders makes it imperative that the bidder is able to create a strong impression on the inviting company for winning the tender.

Inviting company should make it a point to specify the points that will count in awarding the tender to any bidder. Usual features of such requirements are stipulated time period, structure of the proposal, and making a good impact on the minds of the clients. In addition, it is also required to have total pricing relating to project completions. Mentioning the prices will enable the bidder company to decide how best they can go for the tasks to be accomplished in case of winning the international tenders.

International tenders come in different types, values, and features. Such tenders could be on any item one can conceive of. These tenders cater to almost all types of requirements of the organizations, government or even private enterprises. Apart from the products, these tenders could relate to multiple types of services that include life insurance, survey services, hotel services, logistics, and many such others.

Because of the vast opportunities in international tenders, we created O-tenders. O-tenders is an integrated platform developed by leading economic development agency, Vector Scorecard (Asia-Pac) to help you secure worldwide tenders based on your companies’ competencies and product offerings. Within this platform, o-tenders enables clients to be kept abreast of the most updated developments on various business activities all over the world - and latest information and tenders for clients.

O-tenders provides you with more than USD1bn of opportunities each month and diversify your business internationally.

Being an O-tenders member allow you to have access to:

• Database for tenders, bids, RFPs and upcoming projects
• Fast and accurate information to bid and win contracts overseas
• More than 1000 live opportunities monthly
• Projects in 13 countries listed in Vector's Asia Business Corridor (ABC) in various segments such as Infrastructure and Construction, Services, Information Technology, Supplies, Consultancy, Energy, Power and Electrical, Healthcare and Medical, Transportation and Education
• Weekly live updates, with 250 new opportunities added weekly
• Have access to an international analyst helpdesk who can help prepare quality submissions for you and monitor via a pipeline valuation tracking sheet

Internationalisation is an important strategic theme to widen market access for businesses

• Diversification of client base can lead to higher profit margins by at least 30%
• O-tenders.com offers a unique, one-stop-shop service for businesses to have a dedicated, end-to-end service to be exposed to millions of pipelines worth each month!—
• We have 2 simple packages for you that can make a difference to your business ie. the Deluxe (basic listings and you pay for what you need only) and the Platinum (shortlisted and customised listings each month and includes preparation/submission/coordination/monthly updates).

Write in to advisory@vsapac.com for more details on what packages we have and more importantly, how we can assist you to grow your business each month.

The Importance of Business Roadmapping

5i-Pro is a Business Roadmapping Toolkit developed by VSAPAC to ensure that 5 core pillars of an organisation or a business, are identified, strengthened and implemented via a business roadmap.

These 5 core pillars relate to

a)     Internalisation: determination of core competencies and strengthening business models

b)    Innovation: in terms of organisation, product, process and platform

c)     Integration: how connected it is to the business ecosystem online and offline

d)    Investment: the extent of funding diversification across equity, debt, grants.

e)     Internationalisation: readiness to venture abroad and access to foreign markets

But what is a business roadmap used for?

The roadmap makes sure that gaps in the plan are identified and can be closed as needed in the future. It also serves as a guide for the team during the implementation process, allowing them to recognize and act on events that require a change of direction. Roadmaps are also being used to communicate the firm’s plan to various stakeholders.

Our 5i Business Roadmapping toolkit (Professional version) comprises of 4 parts:

1)     Needs Analysis in more than 30 business dimensions

2)     Business Resource Planning and Budgeting

3)     Business Strategic Planning

4)     Business Implementation Roadmap

There are 10 reasons how our 5i Competency Building Toolkit could assist your organisation improve its performance:

1. Roadmapping is just good planning, for all the areas that contribute to a successful business prioritisation strategy. The roadmapping process leads a cross-functional planning team to fully examine potential competitive strategies and ways to implement those strategies.
2. Roadmapping helps the team make sure that they will have the right resources and capabilities at the time they will be needed to carry out their strategy.
3. Roadmaps link business strategy and market data with product and technology decisions. Roadmapping prompts a team to be specific with respect to planned features or performance in terms of value for customers.




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4. Roadmaps reveal gaps in company, product and technology plans. Areas where plans are needed to achieve objectives become immediately apparent, and can be filled before they become problems.
5. Roadmaps prioritize investments based on drivers. We need to focus on customer needs, product drivers or technology investments.
6. Roadmapping helps set more competitive and realistic targets. This would allow the team to set objectives to lead, maintain parity, or lag competitors in specific areas.
7. Roadmaps provide a guide to the team, allowing the team to recognize and act on events that require a change in direction. Part of the process of developing a roadmap is to create a risk roadmap, identifying those events or changes in conditions that signal a need to reevaluate and revisit the plan during the development journey.
8. Sharing roadmaps allows strategic use of information and technology across product lines.
9. Roadmapping communicates business, technology and product plans to team members, management, customers, and suppliers. The roadmap also tells the larger development team, corporate management, and other development teams where the company is headed.
10. Finally, roadmapping helps to build the development team. The roadmapping process builds a common understanding and shared ownership of the plan, incorporating ideas and insights from team members and gear them into action.

For more information about the 5i Business Roadmapping Toolkit, please contact advisory@vsapac.com  or call (65) 6534-8047/49.