2Do BDM what and when

Business Development Management - What & When

Business Development Management (BDM) is a process of developing strategies to enhance the growth and expansion of a company. The BDM team typically focuses on identifying new business opportunities, building and maintaining relationships with clients, and driving revenue growth.

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Some key responsibilities of a Business Development Manager/Management would be to

Identifying new business opportunities: A BDM is responsible for identifying new market opportunities for the company. This involves conducting market research to understand customer needs, competition, and industry trends.
Developing business plans: Once opportunities are identified, the BDM develops business plans to capitalize on them. This includes developing strategies to target specific customers or markets, setting sales targets, and creating pricing strategies.
Building relationships: A BDM is responsible for building and maintaining relationships with clients, partners, and stakeholders. This involves networking and attending events to promote the company and its services.

4. Negotiating deals: The BDM is often responsible for negotiating contracts and deals with clients and partners. This involves understanding the needs of the customer and finding mutually beneficial solutions.

5. Analyzing performance: BDMs analyze performance metrics to understand how well the company is performing in terms of revenue growth, customer satisfaction, and market share. They use this information to refine strategies and make data-driven decisions.

In summary, a business development manager/management plays a crucial role in driving business growth and expansion. They are responsible for identifying new opportunities,building relationships,negotiating deals,and analyzing performance metrics to ensure the company's success.