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business development consulting firm

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What types of problems and issues would a business development consulting firm face?

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Solution Summary

The types of problems and issues business development consulting firms face are discussed.

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Problems and Issue
The environment of the new millennium are facing new challenges:

- Turbulent markets that change rapidly and unpredictably
- Highly fragmented 'niche' markets instead of mass markets
- Ever greater rates of technological innovation in products and processes
- Shorter product life-cycles
- Growing demand for tailored products - 'mass customization'

Thus Major Issue for a business consulting firm is to how to add value to the business organizations or its clients

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