Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >Creating a strong business development strategy during the pandemic
    Business

    Creating a Strong Business Development Strategy During the Pandemic

    Published by linker 5

    Posted on August 24, 2020

    5 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    An illustrative image representing the challenges and strategies in business development during the pandemic. This correlates with the article's focus on adapting strategies for growth and success in turbulent times.
    Business development strategy during the pandemic - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    By Alan White, business development director, The Translation People

    Coronavirus has caused businesses around the world to face the most impactful shake up in traditional operations many of us have ever experienced.

    It started with large events around the world being cancelled. Then came widespread travel restrictions, followed by governmental instructions that employees who can, should start working from home. For business development directors who rely on face-to-face meetings and events to secure new clients, the pandemic has proven a challenging time. With the recent announcement that the UK is going into recession, they will need a robust business development strategy to ensure the business continues to thrive.

    During the last recession in 2009, the companies that survived were the ones that adapted their business development strategies and diversified how they operated. In fact, many that did survive branched out and started operating internationally. During that period, between the end of 2008 and end of 2010, we supported many such companies by translating content into different languages for them; in fact, in spite of the recession, our business grew 16.4% in terms of sales – largely from businesses that expanded overseas to mitigate the effects of the economic downturn.

    In developing a new business development strategy, we need to think not just for the immediate future, but in terms of contingent, long-term planning. The shift to online communications is essential and the beauty of the internet is that it offers a great number of tools with opportunities for lead generation.

    Online video content

    When done well, video content tends to be well received by the target audience. They can communicate how your products or services work in visual, easy-to-digest clips, which can encourage prospects to find out more and act as lead generation. Videos can also be used across multiple channels, so as well as your website, on your social media channels too. If you are looking to expand internationally, consider applying local language voiceover or subtitles to ensure they are understood by your different audiences.

    Testimonials and case studies

    There’s no greater testimony of a business than a personal recommendation by an existing client. Consider asking clients if they would mind providing a testimonial or being a case study for your website. Talk about how you have helped your client resolve an issue or help the business grow. It’s a real opportunity to show what you could do for potential clients. This could be a written piece or another piece of video content. Again, make sure you get the content translated to maximise audience reach internationally.

    Alan White

    Alan White

    Transcreation

    Most marketing material will need to be translated into the target territory’s language but consider that translation into another language sometimes involves more than just translating the original content word for word. Different target audiences and cultures need messages that are tailored to their specific markets, with their own cultural and linguistic considerations. This is especially true of highly creative content where straight translation on its own can put costly product launches at risk.

    For example, Proctor & Gamble (P&G) achieved great success in the USA with its nappy branding depicting the image of a stork delivering a baby, conveying warmth and new beginnings. It opted to apply the same visuals when it launched in Japan but hadn’t taken the time to research the country’s own fable about reproduction; the Japanese favour the tale of giant, floating peaches travelling down a river, bringing children to expectant parents. For P&G’s target audience in Japan, the concept of a long-legged bird dropping a newborn from the sky just didn’t make sense.  

    Getting seen on Google through local SEO

    Considering that 70% of the world has a first language other than English and statistics show that up to 85% of those people won’t buy from a company without a local language variant, website translation should be high on the agenda of marketing companies to-do-lists. However, without good SEO your website might not even be found. Multi-language SEO involves conducting local research to find out what your potential customers might be searching for, which may involve different search terms than used in the UK, for example. There are many ways to improve SEO and it’s worth considering this as part of your overall multi-language website strategy, so you can be sure to optimise your local Google ranking and be found by your target customers.

    Video calls with interpreters

    Face-to-face interactions are essential to form lasting business connections. With a lot of international travel still restricted and many companies still working from home, the best way to do this is through video calls.

    If you are speaking to an international audience with multiple languages involved, remote interpreting platforms provide qualified linguists who can translate live, in real time, to ensure your online business meeting runs smoothly so you can focus on closing the deal.

    Regardless of the industry you work in, we are facing challenging times. Now it has never been more important to reassess and evaluate your business development strategy. The best way to look at it is an opportunity to reset.

    There are a great number of online tools to reach new business prospects, so make the most of them. In expanding your offering to an international market, you increase your potential client base exponentially and therefore opportunities to grow your business.

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostMore Than Half of Britain’s Financial Services Workforce Are Dreading Going Back to Office
    Next Business PostFail to Prepare, Prepare to Fail: The Inconvenient Necessity of a Pandemic Business Continuity Plan (pbcp)