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What Should a Business Developer Know?

Started by arif, April 21, 2017, 03:02:46 PM

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arif

April 21, 2017, 03:02:46 PM
What Should a Business Developer Know?

Since business development involves high-level decision making, the business developer should remain informed about the following:

The current state of the business in terms of SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). (For more, see: #Executing a SWOT Analysis.)
#The current state of overall industry sector and growth projections
#Competitor developments
#Primary sources of sales/revenues of current business and dependencies
#The customer profile
#New and unexplored market opportunities
#New domains/products/sectors eligible for business expansion, which may complement the existing business
#The long-term view, especially with regards to the initiatives being proposed
#The cost areas, and the possible options of cost-savings

Source:  http://www.investopedia.com/articles/personal-finance/090815/basics-business-development.asp#ixzz4esBJdhFD
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