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Business Development Manager Duties

Business development managers are responsible for growing a company's business through activities like market research, lead generation, sales, and developing strategic plans. Their tasks include evaluating the business, identifying opportunities, developing new products and services, and optimizing existing revenue streams through innovative marketing. They must have strong sales, negotiation, and organizational skills as well as an awareness of economic trends. The goal of a business development manager is to expand a company's profits and reach by researching new markets, identifying prospective clients, and developing strategies to attract new customers.

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Bhagwati Chaudhary
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73 views2 pages

Business Development Manager Duties

Business development managers are responsible for growing a company's business through activities like market research, lead generation, sales, and developing strategic plans. Their tasks include evaluating the business, identifying opportunities, developing new products and services, and optimizing existing revenue streams through innovative marketing. They must have strong sales, negotiation, and organizational skills as well as an awareness of economic trends. The goal of a business development manager is to expand a company's profits and reach by researching new markets, identifying prospective clients, and developing strategies to attract new customers.

Uploaded by

Bhagwati Chaudhary
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd

Responsibilities of a Business Development

Manager
By petersandy8 on September 4, 2007
Business Development Managers

Always seek clear objectives. Business development includes a number of tecni!ues
designed to gro" an economic enterprise. Suc tecni!ues include assessments of mar#eting
opportunities and target mar#ets, intelligence gatering on customers and competitors,
generating leads for possible sales, follo"$up sales activity, formal proposal "riting and
business model design. Business development involves evaluating a business and ten
reali%ing its full potential, using suc tools as mar#eting, sales, information management and
customer service. &ese tas#s are carried out by business development managers.
Business development manager is also #no"n as economist or a business planner. '
manager sould devote is attention to business development and e(ploiting te business
opportunities tat are presented to im and is organi%ation. Business development and
ma#ing your organi%ation successful is reliant on good #no"ledge of best practice and
management teories.
'dopt a team approac $ "or# "it oters in pursuing common goals. )or some time,
business development managers ave been stressing te urgent need for radical ne"
approaces to te corporation. *n tis paradigm, te bottom line cedes its pre$eminence to te
top+ te corporation concentrates on developing ne" revenue streams from ne" products and
services, "ile optimi%ing income from e(isting lines troug innovative mar#eting and rapid
e(ploitation of canging customer needs and tastes. &e ne" #ind of corporation is, above all,
,agile,.
Top business development managers fret about the lack of creativity and innovation
beneath them, below the supertanker's decks, but their own decision-making
processes and command structures stultify efforts - even ones which they
themselves have promoted - to develop the new and rejuvenate the old.
The business development manager must have considerable sales experience, be
an organied and strong negotiator, and be aware of and responsive to economic
trends, government policies and currency fluctuations. A university degree in one of
the commerce, accounting, economics or business administration streams may
prove useful !although not necessary" for entry into the position.
The business development manager works to expand a company's product
reach and profit revenues. They do this by identifying new markets and
attracting new clients. The business development manager therefore
researches new business opportunities, identifies likely sales points, develops
strategic plans and sales strategies, and undertakes presentations to and
negotiations with prospective customers.

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