BUSINESS DEVELOPMENT EXECUTIVE

Job Description & Requirements

What is business development

Business development deals with the operational and strategic development of a company. This involves discovering and developing new business areas or new products so that the company can expand.

A business development manager (BDM) is responsible for ensuring that development and implementation in this area are carried out consistently and successfully. As a business developer, you're constantly on the hunt for new ways to develop your company.

The aim is for future customers to be satisfied overall with the company and its products. And turnover increases as a result.

What are the tasks of a business developer

What does a business developer do Basically, everything revolves around figuring out how to advance a company in a future-oriented way and how to help it to grow.

This might involve asking questions like:

. Where should the company be within a certain period of time (e.g. in 2 years)

. Which customers and/or partners do we need to achieve our goals

This means there are certain tasks that a business developer regularly has to take care of in a company:

. Develop new business areas, sales markets and products. This includes new customers and partners.

. Make forecasts to identify future trends.

. Create business plans and strategies.

. Identify and secure new market shares. Place the resulting new products on the market.

. Develop existing business areas.

. Carry out monitoring and reporting.

. Perform competitor analysis.