Business Development (BD)

Business Development

Business development is a general term that applies to the strengthening of relationships with current customers and any other client in the process of cultivating distorted "sector". To achieve this objective, the Business Development exceeds "the sale of customers ' service, management and administration, to contribute to this process of enlargement for more than one level the traditional boundaries. This mean value, which is specialized in business development is the use of language skills, and to identify the different sectors to take advantage of growth opportunities. &,

Key aspects of business development is busdev or evaluation of any company assets with respect to the maintenance and expansion of the law. Therefore, business development specialists, will work closely with sales and marketing professionals to identify the level of penetration in the company of some of the customer base.

At the same time, the expert is also customer specialists to evaluate existing knowledge received from the customers  opinion "the company and its products. This type of activity often can identify ways to refine its marketing and sales techniques to capture a greater share of consumers in the areas in which companies have allerede presence. At the same time, in addition to the particulars of contacts customer vested can help you find the application in the product line that is not currently supported and may lead to new markets, if properly marketed.

It 'important to keep in mind that a successful business development in specialized dedicated himself to keep the happy not only for the sales contract, or existing customers. Although these aspects are part of the image, the specialist in the development of the optimal use of resources of the company, the process of refining and management and operation of various services and address legal issues that meet must with the company to move forward. In many organizations, that business development specialist in a wide range of powers to request information from any part of the corporate structure and influence all aspects of entrepreneurship.

Business development process can be applied to any situation of the company. Even companies that are small and the need for this kind of activity will remain stable and growth over time. Often participate in at least one person who focuses on business development activities, you can have a business concept that is difficult for those who are responsible for specific functions in the Organization to implement without assistance.

Development of business can be done through the establishment of an arm or management korborationthat exercise those functions. It's possible 'also/hired consultants to assess the current situation and determine strategies for future growth.