Definition Of Business Development Role

Business development is sales some will say concisely.

Definition of business development role. Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. A business development executive is a senior manager tasked with the job of helping his or her business grow and therefore they are high level sales professionals. The bdm also responds to rfp s tenders and develops sales in new sales territories. Their priority is to assist their companies acquire new customers and sell additional products or services to existing ones.

Business development encompasses a wide scope of ideas activities and initiatives that a business owner and management implement with the goal of making the business better. The role of the business development manager a business development manager works to improve an organization s market position and achieve financial growth. It is a subset of the fields of business commerce and organizational theory business development is the creation of long term value for an organization from customers markets and relationships. Business development is partnerships others will say vaguely.

Business development can be taken to mean any activity by either a. A single definition that can elegantly explain how the.