As a manager, one of the foremost concerns to an organization is developing and exploiting business opportunities that are presented to you and your company. This paper will discuss and distinguish key concepts of contemporary business development for a more comprehensive and translucent picture of this important yet ambiguous field. A job of a sales person is to sell to customers and prospective customers. If it is a local business that serves only the local customers, open another branch or start franchising it to other cities.
Once you have established your business, you must reach as many customers as possible. Here are some business development and client relationship metrics worthy of measurement, they will help you notice what matters. Taken further it can also refer to partnering with other companies to deliver product to customers or securing preferential supplier arrangements.
The money for scholarships for business development enables business growth, to thrive and flourish. With repeat customers, you’re doubling the number of products the repeat client is importing. There are several areas where business development strategies can help your organization to grow and succeed.
Regularly meet your core team to discuss how to improve services or reach more customers. They want to scale up, grow aggressively, and create a true business development engine. As more and more companies are vying for the online space, there would be a huge demand of business development executives who can help a company in expanding its online business.
If your company is an early startup, the decision for joining an incubator or seed accelerator comes down to your personal confidence in your business model, the strength of your team, your capacity to execute, and not the least your fundraising skills.