What is the strategy of business development?
Business development (BD) is the process that is used to identify, nurture and acquire new clients and business opportunities to drive growth and profitability. A business development strategy is a document that describes the strategy you will use to accomplish that goal.23
What are the duties and responsibilities of a business development officer?
Responsibilities
- Develop a growth strategy focused both on financial gain and customer satisfaction.
- Conduct research to identify new markets and customer needs.
- Arrange business meetings with prospective clients.
- Promote the company’s products/services addressing or predicting clients’ objectives.
What is a business development officer job description?
Business Development Officers are employed by companies to develop and execute strategies to increase company sales and profits. They identify profitable business opportunities, secure sound business deals, and lead business development associates.
What is a Business Development Assistant?
A Business Development Assistant is primarily responsible for advising the employees of a company’s sales department and guiding them on operating procedures, event and program planning and management, and other processes and projects.
What is a business development agent?
A business development representative is a specialized role related to the sales department of a company. While a sales representative works with existing clients to keep them happy and serve their needs, business development reps seek out and build new business for their enterprise.
What is a BD person?
The business development people have not won a $200 million program during the last six months so it is time to clean house. But business development (BD) is not a person. BD is a function; a function that should operate across an entire company and not in one department.13
Where does Business Development fall under?
Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational theory.