Too often, I have encountered business managers hiring Sales people and classifying them as Business Developers. Reception Area should be equipped with marketing materials and business cards displayed in an attractive manner, available as takeaways for visitors. Needs related to the operations and the job can be determined from job descriptions and performance standards.
Proper business development through time management will teach employees how to do so just that. Here are some business development and client relationship metrics worthy of measurement, they will help you notice what matters. Business development involves more of a strategic approach such as strategy, marketing, customer management, and partnerships; these activities encompass about 75%-80% of the approach, and sales about 20%-25%.
I worked on the Schneider Electric business case and at the end of the first academic year of the program I received an internship offer from Schneider. A business development role can include a wide range of responsibilities depending on the needs and stage of a given 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. Even though growth of corporate houses is essential for increasing the quality of standardized products and services, it is the MSMEs which create more job opportunities than corporate houses.
For every company and business, their workers, staffs and people are the main assets. Beyond the ideation, implementation and execution of a business development idea, the end results matter the most. This education prepares the graduate with small business and human resource management experience, cost accounting skills, and entrepreneurial finance.