Any business must understand the key elements of how it actually operates. Having key performance indicators with the correct set of business metrics in place is critical for achieving performance goals. Also having the correct business model in place and being able to run simulations to improve understanding and test new ideas and concepts is an extremely valuable resource – especially if presented and monitored via unique simple business dashboards. Often however businesses are not comfortable in doing this or know how to proceed. endeavit can help put this in place through our detailed analysis of your business and then building out simulation models and monitoring scheme for your set of key performance indicators.

Why, when, and how to develop successful new products and services are important for creating and capturing valuate. Having world-class core new product development capabilities in place create sustainable competitive advantages for a company that can be very hard and expensive to compete against. It is not just about developing a one-hit-wonder but a continuous high value capturing stream of compelling products and services, and to keep that how to knowledge as the fabric of the company.

Having the skills for identifying unmet and unarticulated needs and the tools for problem based, discovery-driven innovation and ideation are critical, as well as being able to effectively manage creative teams. Once the products are ready, having well thought out and defensible go to market strategies together with successful launch plans can drive the products or service to the mass market. Having a new product development core expertise should be seen as a must-have requirement for any business enterprise.

Management of technology is around the strategy and structure of technology markets and being able to gain insights, make decisions and take actions that can generate value. Technology markets are tough and expensive to operate in, but get it correct and the rewards can be incredible.

New innovations tend to follow a diffusion in the market, the diffusion being based on different types of end customer profile. All companies want to get to the majority market segment, but many don’t, they only get to the innovators and early adopters, very small market segments relative to the majority segments, and what makes things worse for them, their good ideas can actually be used for market testing and tweaking of ideas by a competitor…who then does make it to the majority market – this fast-second competitor, watching and learning from the initial innovator, and beating it to the main market. Why does this happen? Without knowledge of the diffusion dynamics within the market and the changing strategy it requires, makes it is very difficult for products to become established and break into the mass market.

Another element of frustration for technology companies is being stuck in a low end of the value chain, with low margins and high pressures, getting squeezed on several sides. How best do companies grow out of this problem? Having the correct technology but at the wrong time, or wrong technology at the right time, or even the correct technology, correct time, but with not really understanding the full potential and therefore having missed opportunities, are also sources of where capturing value is missed or destroyed.

Doing all of this requires not only an understanding of your technology but also the business aspects of it, and to have all of this you really need credible technologists, with actual technology backgrounds, coupled with business expertise. This is where endeavit can be of great benefit for your technology company.

In the UK, research and development (R&D) tax credits support companies that work on innovative projects in science and technology. If your company is UK based and carries out research and development then you may be eligible for R&D tax credits, which can reduce your tax bill or increase taxable losses. It can be claimed by a range of companies that seek to research or develop an advance in their field. The work that qualifies for R&D relief must be part of a specific project to make an advance in science or technology. The project must relate to your company’s trade, either an existing one or one that you intend to start up based on the results of the R&D.

R&D tax credits are open to a wider number of industries. The nature of R&D and patent box expenses also entitle many companies to a tax credit. R&D tax credits can make a significant impact on the ability of an SME to fund new product development. The scheme is only for limited companies and different rules apply depending on company size.

International trade can open up huge opportunities for a company. However, it is not straight forward and many things need to be considered and risks that need to be mitigated to the best of your ability. Many companies are interested in exporting and exploring new markets but are simply unsure of where to start. We help our clients get the right foothold in exporting to different markets through our diligent due diligence, strategy, and industry knowledge. Our support ranges from market research, identifying best-suited countries for product type and trends, devising and implementing route to market strategies, competitor analysis, marketing planning, helping with distributors, setting up joint ventures to even helping with interim management overseas or national while your team key members relocate. We have the expertise to support you as a company to succeed and successfully implement a well-targeted international trade strategy.

We are well placed to provide board-level services and act as NEDs for your organization. We can provide experienced, intelligent advice to your organization’s board, chairman, or management. Our role as a NED would typically focus on issues relating to strategy, performance, risk, and people, including strategy development, business viability, executive succession, corporate governance, policymaking to name a few. We aim to challenge the thinking and performance of your company and provide unbiased opinions. We can help you to get a wider business and technical perspective, and make sure that there is enough information present to allow quality decisions to be made. We believe decision quality is critical in all corporations, especially at the board level, where poor decisions can actually be stopped in time.

We can provide project management and can run or lead projects for you. Our project management consultants hold Project Management Professional (PMP) certification from the Project Management Institution (PMI) and have several years of experience leading projects, managing timelines, budgets, and risks. The PMP is the gold standard of project management certification, recognized and demanded by organizations worldwide. The PMP validates competence to perform in the role of a project manager, leading and directing projects and teams. We are exceptional implementers and can work with you from the very start of a project to the full implementation of it.

Our consulting expertise can be leveraged in several ways. We can help you implement your strategies across your corporate, functional, and operational goals. Our analytical expertise can help leverage opportunities from your data and better understand risk enabling you to capture more of the upside. We can help you make digital innovation happen. We can help you unlock the potential of the Internet of Things and the digitization of the industrial space. We have developed very effective executive education to help build better leaders in your company. Our executive search can also help find those leaders. We can help develop a foothold for your business in new markets and geographical locations including the U.K, Europe, Asia, and the US. We can provide project management and can run or lead projects for you. We also provide board-level advisory services. We are also well suited to assisting your startup from concept through to a successful company.