Business research - gathering, studying, analyzing of information

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This function is actually the main purpose of Business development department.The sense of business research is to find opportunities that can be used for business expansion and development. On basis of collected and studied information specialists of Business development department create the economic justification of business opportunity and present it to company management. If opportunity is considered as advantageous and feasible it can be converted into plan of realization.

Business research planning The bigger company the more complicated research is required for business development. To drive and support all fields of business research monitoring the team of different specialists is required. For example industry analyst studies situation, problems and tendencies within industry, demand manager studies requirements and expectations of clients, distribution development manager searches for new distributing facilities and channels etc. Each specialist has own scope of tasks and duties, so each one needs to manage and schedule individual tasks in the context of common work. In order to organize and control team of business analysts and experts which work in Business development department special task management groupware can be used. VIP Task Manager is a groupware that allows managing both individual tasks and common projects of Business development department within one database. Owing to system of instant notifications all specialists will be aware about new tasks assigned to them.
Business research tracking When objects and questions of research are defined and tasks are assigned to executers the stage of project performance begins. During performance of business research director of Business development department should keep track on performance of subordinates in order to define how well they fulfill the research plan.VIP Task Manager is a groupware that allows reporting and tracking of work progress in real-time regime. Each task has reporting attributes such as status and percent of completeness that can be easily tracked by supervisor. Business experts usually work with a big number of documents which are used to collect, store and transfer data, so document management capabilities of VIP Task Manager may appear useful - users can attach files directly to tasks, so documents can be accessed quickly by one click on hyperlink.
Business research reporting Reporting and documenting business research and monitoring is an important part of corporate performance reporting. Team of analysts, statisticians and experts collects, studies, interprets data and reports results to company management. VIP Task Manager is a reporting tool which allows immediate delivering of business research results from experts to supervisors by attaching files to tasks and discussing questions in Comments section of tasks.VIP Task Manager provides users with possibility to build printable reports and charts in order to analyze the progress on business research and reporting. VIP Task Manager allows keeping track on productivity and efficiency of each specialist of Business development department.
Business Development Department Staff Business Development Department functions/workflow >> Business research - gathering, studying, analyzing of information Short-term and long-term business planning.


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