Develop long-term strategic plans to drive business success.
Defining clear, measurable goals to monitor progress.
Flexibility to adapt strategies based on changing market needs.
Relational skills
Develop long-term relationships with customers to drive loyalty.
Networking skills to build relationships with key figures in the sector.
Empathy, to create meaningful connections.
Leadership
Ability to motivate and lead teams to achieve company objectives.
Promoting a collaborative and stimulating work environment.
Sense of responsibility and effective change management.
The BD's activity extends to the marketing sector, with which it collaborates to establish new strategies consistent with the business model. Finally, it will not be possible to do without interacting with the IT cambodia whatsapp data department, since transformations increasingly depend on the technologies adopted. The functions of the business developer are therefore multiple and very complex, especially in large companies, but also in small and medium-sized companies, for which finding new areas of development represents a major challenge .
The business developer should not be confused with the account manager . These two professionals, who can sometimes overlap, work a lot in external relations and with clients. Some activities are therefore very similar, but while the account manager acts on the current situation, the business developer must identify alternative paths. Typically the account manager offers products and services to his client portfolio, the business developer studies how to develop production and which new clients to intercept.
BD Functions
A Business Development Developer is responsible for developing and implementing strategies that enable the company they work for to achieve growth goals and create new opportunities. As mentioned, the BD works closely with various functions within the company , including sales, marketing, product development, and management.
Market analysis : the Business Developer conducts market research to identify new business opportunities, analyzing trends, competition and customer needs.
Strategic planning : based on the information collected, the Business Developer develops strategic plans for the growth and positioning of the company in the market.
Acquiring new clients : The Business Developer actively participates in the search and acquisition of new markets, working to expand the company's client base;
Relationship Development – Building and maintaining relationships with existing customers, business partners, and other stakeholders is critical to BD success.
Contract Negotiation : The Business Developer negotiates agreements and contracts that are advantageous to the company, ensuring profitable collaboration with clients and partners.
Performance Analysis : The Business Developer constantly monitors and evaluates the performance of business initiatives, making corrections and improvements.
What to study to become a Business Developer?
To become a Business Developer, you need a background in economics. A degree in marketing can also be useful, if complemented by a Global MBA or a specialization course in economics and finance. For those who wish to pursue this profession, a bachelor's degree in business administration can be considered a solid starting point.
Once you have completed your studies, it is essential to acquire at least five or six years of experience in a company , in order to have a practical understanding of the specific needs of an organisation and how it works. Finally, a good business developer must constantly update himself, especially to keep up with the latest technologies.
Business Developer Salary
The salary of a Business Developer varies according to experience and context. In Spain, a professional with a long career in a medium-sized company can earn around 50,000 euros gross per year, which can be much more if working for a multinational. In any case, the prospects are very good and job offers for this position are numerous.