Business development involves evaluating a business and then realizing its full potential, using tools as marketing, sales, information management and customer service.
Who performs these task- a business development manager!!
| Business Development Manager |
A business development manager is a person who is responsible to design techniques to grow an economic enterprise. The position that he holds is of great responsibility and power. Candidates having an M.pharm (Pharmacy Management degree) or a Pharma MBA can have an opportunity to handle such path-finding responsibility by choosing a career of a business manager. A business development manager is known by various names like, economist or a business planner.
Who am I??
Business development manager is a person who devotes his attention to the development of the business of the organization by exploiting the business opportunities that are available to him and his organization. He uses techniques such as assessment of marketing opportunities and target market, intelligence gathering on customers and competitors, generating leads for possible sales, follow –up sales activity, formal proposal writing and business model design
The business development manager works to expand a company’s product reach and profit revenue. They do this by identifying new markets and attracting new clients. The business development manager therefore researches new business opportunities, identifies likely sales points, develop strategic plans and sales strategies and undertake presentations to negotiations with prospective customers. In larger organizations the business development manager works with marketing and sales departments, government and industry peak bodies. Domestic and overseas travel is often a requirement of this position and report writing is necessary.
In smaller businesses, business development manager answer to owners/ executives, however in the larger companies they are answerable to senior marketing and sales executives.
The business development manager works to expand a company’s product reach and profit revenue. They do this by identifying new markets and attracting new clients. The business development manager therefore researches new business opportunities, identifies likely sales points, develop strategic plans and sales strategies and undertake presentations to negotiations with prospective customers. In larger organizations the business development manager works with marketing and sales departments, government and industry peak bodies. Domestic and overseas travel is often a requirement of this position and report writing is necessary.
In smaller businesses, business development manager answer to owners/ executives, however in the larger companies they are answerable to senior marketing and sales executives.
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