What Are the Basics Of Business Development?
In
the simplest terms, business development can be summarized as the ideas,
initiatives, and activities that help make a business better. This
includes increasing revenues, growth in terms of business expansion, increasing
profitability by building strategic partnerships and making strategic
business decisions.
“Business
Development Executive,” “Manager of Business Development,” and
“VP, Business Development” are all impressive job titles often heard
in business organizations. Sales, strategic initiatives, business
partnerships, market development, business expansion, and marketing—all of
these fields are involved in business development but are often mixed up
and mistakenly viewed as the sole function of business development.
