Succession planning is a critical linchpin in building the bench strength of a business into a positive long-term future, as well as a key element of business risk management. Individuals who provide business development coaching run classes with the purpose of directing, instructing and training business leaders to achieve a specific goal or to develop business management skills that may aid them in achieving business development.
Business developers help the company to become as successful as it can be, they rely on knowledge, theory and hands on experience to help businesses to grow, they evaluate the current performance of the business and find ways to help the business reach its full potential.
A good business development process will be thorough in its own way and will encompass several aspects such as the identification of opportunity, determining your committed resources, development of business proposal, market evaluation, and competition and timing constraints.
The SBDC also strives to strengthen its long-term partnership with the Haworth College of Business by actively engaging with the college, WMU Business Connection and WMU Starting Gate, and working with faculty in their endeavors to expand entrepreneurship throughout the University.
While business indicators show improvement and the fiscal drag is likely to be lower in 2014, economic growth in the Eurozone is expected to remain below 1% p.a. and several economic challenges still remain to be addressed decisively including private sector deleveraging, financial fragmentation, high unemployment and labor markets, as well as growing divergence within the Eurozone.