What is the business development manager doing?
business development manager is responsible for the development and implementation of income growth plan. He could manage a sales team or partner with other selling departments to determine the most effective way to expand the business of the company. Evaluation of financial data and reports on development analysis is another important feature performed by a business development manager. The exploration of the competition of the company and their business activities almost certainly comes into play in the development strategy. The current sources of the company and its overall strategic objectives are incorporated into the manager's business plan. The evaluation of the outcome of the plan is carried out to measure opportunities to improve and future income generation.
Increase Azisk for a range of products or companies in general is the primary function of business development. Unveiling new opportunities through market survey and market analysis is part of the most important duties of business development manager. He or she is responsible for developing strategies for newProducts and services that would best suit the needs of market and companies.
The development and maintenance of relationships, internally and externally, is another essential function. In order to implement new growth strategies, it may have to work with an internal sales team or sales coordinator. The presentation of the company's recommendation based on the analysis of financial data and market and establishing partnership with external suppliers is other tasks related to relationships.
Entrepreneurial development manager involves analyzing the companyinter financial data in order to conclude or identify opportunities. For example, it can determine that the production costs of the product line of shoes are higher than the industry average. On the basis of these data, a new supplier or manufacturing process could be recommended to reduce the costs and potentially increase the profitable range of the company.
public perception and image spoliThe number or specific product line also applies to business development manager. Any policies or regulations to be observed are monitored. The consumer's perception and the impact of business on the community are regularly observed. Opportunities for improving image and potential improvement in these areas are identified and solved.
Direct sale to customers through demonstrations or presentations of products is another area of focusing on business development. Some sales targets can be determined by the manager himself or in conjunction with Company's executives. Potential customers are identified on the basis of profitability and mutual needs.