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Business Development is an umbrella term that involves the adept implementation of a host of managerial functions aimed at making the business flourish. Domains of sales, strategies for development, innovation, market expansion initiatives, profitability enhancement, developing key partnerships all are centric to the concept of Business Development.
Handling negotiations skillfully, vendor management cues are also integral to this area of study. Indeed, it demands exhaustive and comprehensive skills set. To be adroit as a Business Development executive one needs to be excellent at
It is because of this reason even the theorist finds it difficult to define the concept that envisages the variant roles that business development merges seamlessly. A grand unified theory of Business Development would see it as a process of creating long term wealth generation points through a cohesion between
It is precise because of these reasons that the role of the business developer is seen to be the most complex and precariously positioned. It calls for a very fine balancing act. The person has to be proficient at
A good business developer would then aim at building up the following key skills set:
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