Adrienne SmithWhat Does a Business Development Manager Do?
Business development managers develop business strategies and identify new business opportunities for organizations. They are responsible for bringing in new clients, building long-term relationships with existing and potential clients, and expanding the company’s presence. Whether they are in media and entertainment, biotechnology, or telecommunications, their goal is to maximize profitability.
Business Development Manager Job Overview
In the business development manager role, you will identify business opportunities with high growth potential by analyzing the risks and rewards of each prospect. Establishing connections with prospective clients and building long-term relationships is vital in this position. Success in this role will be demonstrated by increasing and strengthening company clientele and driving sustainable growth.
Business Development Manager Job Responsibilities and Duties
- Develops business strategies
- Establishes and grows relationships with new and existing clients
- Establish and position yourself as a trusted advisor
- Leads the team to meet sales goals
- Strategizes ways to generate growth
- Travels to various locations and conducts market analysis
- Determines the credit-worthiness of prospective clients
Business Development Manager Job Requirements
- Minimum 5 years of work experience
- Distinguished leadership skills
- Accomplished project management skills
- Exceptional verbal and written communication skills
- Ability to inspire and influence others
- Excellent analytical and problem-solving skills
- Proven and established sales record
- Flexible and adapts easily to changing business environments
- Bachelor’s degree in Marketing, Business, or any related field; MBA is a plus
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