A business development executive is a person responsible for running an organization. They create plans to help their organizations grow. Becoming an executive usually takes years of promotions and hard work since the qualifications of this role needs hard working individuals with years of experience in multiple facets of the business. A large part of an executive’s job is developing relationships with people outside the organization. These people may be customers or contributors.
International business development evolves through the normal processes of trade, foreign direct investment, capital flows, migration, and the advancement of technology in undeveloped nations. In order to achieve sustainable global business development, business development executive often must find ways of adapting to the cultures and societies within which they operate and conduct business. business development professionals provide the necessary legal, financial, and cultural bridges between supplier and consumer.
The role of a Business Development Executive is to assist the organisations sales and growth efforts by contributing to new customer acquisition. He/she should be able to provide ideas to attract new clients and keep the senior management updated about marketplace and competitor activity. Build contacts with potential clients to create new business opportunities. Keep prospective client database updated
Business development executives oversee budgets. They need good persuasion skills to keep costs down. Prepare and deliver pitches to potential investors. Maintain fruitful relationships with clients and address their needs effectively. Foster a collaborative environment within the organization. Support in writing new business proposals. Maintain knowledge of all product and service offerings of the company