The responsibilities of the role can be scaled to more experienced candidates with appropriate remuneration, bonus and benefits. The art of business development comes in identifying partners that fit that description, while finding a way to provide value to the partner’s end customer and business. Some type of a lack of understanding can considerably impact not only the presentation of marketing agendas, but also affect the link of the client company and the marketing company.
Limited liability partnership and other specific types of business organization protect their owners or share holders from failure by doing business under a separate legal entity with certain legal protections. There core elements grows organically as needed by read by the business for actual business purposes.
The challenge is only a very small percentage of people actually know what they’re doing when it comes to achieving massive, scalable growththrough the business development. It’s easier to think of business development as a role within an organization in the context of that function.
Either way, commitment on the client’s side is key to a successful sales call for the business development representative. I know first hand after the last company I was doing business development for sold for 100 million in less than 3 years after it started.
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. As part of the MSc Business Development program, students have the opportunity to visit one emerging economy each year (Brazil, Russia, China, India).