Since there is such a wide range of ideas of what business development actually is, I thought it might be a good idea to offer a starting point and some common vocabulary. It comes to down to whether as a business development manager, you are revolutionary or evolutionary. This portion of your business plan provides an overview of how you will position your business in the market, how you will price your products and services, how you will promote your offerings and any sales processes you need to have in place.
Another way in which BPO contributes to a company’s flexibility is that a company is able to focus on its core competencies , without being burdened by the demands of bureaucratic restraints. We become trusted advisors to business owners (and often their management teams) wanting their companies to grow because they see new opportunity.
If they elaborate, you can tell that they were out there in the community, listening to clients, and doing their job. Most times finishing can be the most difficult part of completing a professional development plan. He may change job description but still participate in decision-making; he may change companies but you will likely find him at another one of your prospective companies.
The people you get to know through networking at these bar associations may later be in a position to refer your business. If you use the terms Business Development and Sales interchangeably, you’re doing it wrong. Whatever your area of interest, in a business development career with us, your contributions are meaningful and your potential is limitless.
If you, as a researcher at ITU, have made an invention or a piece of software which might be commercially valuable, you can reach it’s true potential and spinoff into a standalone company with our help. Another advantage of splitting the two roles is the ability to mold reps from an early stage in their careers and cut down on hiring costs, says HubSpot’s global director of business development Justin Hiatt.