Business development requires a multi-disciplinary approach and there is no ‘one size fits all’ strategy. First of all, he/she must hold a fundamental understanding of the company in question, stay abreast of industry trends, and monitor the competition. Instead, it is the eco-system encompassing the entire business and its various divisions, driving overall growth. Indeed, executives have a responsibility to provide training and development opportunities for their employees so that the employees can reach their full potential.
If a company has Corporate Level business development in the organization, they will also have Sales Level and New Product Level business development. Companies spend billions of dollars every year to educate their work force, and most of this money is spent on in-house training and development.
What De Mar proves is that professional management reaps rewards for any business – and that includes plumbing. You will also learn about market and private sector driven development, including aid interventions in support of local business development and poverty relief. This includes increasing revenues, growth in terms of business expansion, increasing profitability by building strategic partnerships, and making strategic business decisions.
So, future business developers must enter the corporate sector as junior level managers and go on to acquire skills and experience in areas like finance, investment banking or sales. The emphasis on succession planning as an activity to be considered and implemented toward the end of the business life cycle is wrong-headed. Creating a brand for your business by following various things that increase the brand value among the public.
Then to St. Ivel, where he worked in sales, marketing, buying and product placement, reached board level and established the company’s European business. Business development helps professionals to prove they are ready for a leadership role and particularly helps you enter the international market due to the vast skill set they require. Currently I am working for MAC Cosmetics as a make-up artist and sales associate.