Tech Glossary
What is Business Development?
Business development within companies is often responsible for creating and developing strategies for the company's growth. This often involves analyzing the company's strengths and weaknesses, developing new business opportunities, identifying potential customers and partners, implementing marketing plans, and negotiating with external parties. Business development can be compared to other competencies such as business development and strategic planning. These skills are often necessary to succeed in business development, but there are also some unique aspects of business development. For example, business development is often more focused on growth and expansion, while business development and strategic planning may include other aspects of the company, such as cost savings and efficiencies.
