1. Identifying new business opportunities: This involves researching and identifying potential new markets, customers, and partnerships.
2. Developing and implementing business strategies: The business development manager must develop plans and strategies to grow the company's revenue and market share.
3. Building and maintaining relationships: Building strong relationships with customers, partners, and other stakeholders is essential for a successful business development manager.
4. Negotiating contracts: The business development manager must be able to negotiate contracts with customers and partners to ensure the company's interests are protected.
5. Analyzing market trends: The business development manager must stay up-to-date on market trends and industry developments to identify new business opportunities and stay ahead of the competition.
6. Managing projects: The business development manager may be responsible for managing projects related to business development, such as market research or product development.
7. Providing leadership and direction: The business development manager must provide leadership and direction to the sales and marketing teams to ensure they are aligned with the company's goals and objectives.
8. Monitoring and reporting on key performance metrics: The business development manager must track and report on key performance metrics, such as sales revenue and customer acquisition, to ensure the company is meeting its targets.
9. Collaborating with other departments: The business development manager must collaborate with other departments, such as marketing, product development, and finance, to ensure business development initiatives are aligned with the company's overall strategy.
DISCLAIMER: Dear Candidate! You are fully responsible to deal with the employer on the hiring process. GulfJobs.com will not take any responsibility on your hiring process. Genuine employer does not ask money for hiring!