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Business Services

BUSINESS PROCESS IMPROVEMENT
Whether your current business processes have been in place for a couple of years or have origins with the company’s beginnings, Technology and Economic Development (TED) Division of the Texas Engineering Extension Service (TEEX) can help. TED’s professional staff can guide you through the Business Process Improvement steps and help you to update and improve. TED focuses on the common themes that the Business Process Improvement concept is built upon – process orientation, ambition, rule-breaking, and information technology. Business Process Improvement can help an organization to achieve dramatic improvements in critical measures of performance such as cost, quality, service and speed.

MARKET ASSESSMENT
TED offers custom market research to assess the market based upon the stage of product development. TED offers market analysis services that evaluate the competitive position of a product in terms of substitute products, barriers to entry and distribution channel options. TED can provide market intelligence for existing products or services and can identify potential new markets and opportunities. In addition, TED can assist a new business with market entry strategies based on the target industry's structure and market conditions.

STRATEGIC BUSINESS PLANNING
Whether your company needs a business plan written from scratch or your current business plan needs to be critiqued before scrutiny from financiers and/or strategic business developers. TED provides these time-and labor-intensive services by combining existing company financials, in-depth primary research, industry data and company interviews. TED develops a strategic plan tailored to meet your company’s needs. For existing business plans, TED provides a report containing an edited plan on recommended improvements to the company.

STRATEGIC PARTNERING
Companies looking to ensure successful commercialization of a new technology obtain assistance from TED in reviewing partners, identifying specific partners and gaining introductions to key parties. The screening process will reveal candidate corporate alliances and assist in their retention.

TECHNICAL NEEDS ASSESSMENT
TED staff members perform a company diagnostic by assessing products, operations, markets, finances and management to help define the problem and the value of the solutions.

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