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Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. [1] It is a subset of the fields of business, commerce and organizational theory. Business development is the creation of long-term value for an organization from customers, markets, and relationships. [2]
The European Foundation for Management Development (EFMD) is an international not-for-profit association based in Brussels. [2] Europe's largest network association in the field of management development, [3] it has over 890 member organizations from academia, business, public service and consultancy in 88 countries (as of September 2017).
New business development concerns all the activities involved in the creation of a new enterprise and in realizing new business opportunities, including product or service design, business model design, and marketing.
Corporate development refers to the planning and execution of strategies to meet organizational objectives, primarily through mergers and acquisitions or divestitures. The kinds of activities falling under corporate development may include strategic planning, market and competitor mapping and tracking, phasing in or out of markets or products, arranging strategic alliances or partnerships or ...
Business-driven development [1] is a meta-methodology for developing IT solutions that directly satisfy business requirements. This is achieved by adopting a model-driven approach that starts with the business strategy, requirements, and goals, and then refines and transforms them into an IT solution.
A business idea is a concept envisioned by individuals or teams that can be monetized through the delivery of products or services. Serving as the foundation for entrepreneurial ventures, a robust business idea is essential for the development and success of new enterprises.
Elaborate business development plans, design and implement processes to support business growth, through customer and market definition. Facilitate business growth by working together with clients as well as business partners (suppliers, subcontractors, JV partners, technology providers, etc.).
Therefore, management development is a crucial factor in improving their performance. A management development program may help reduce employee turnover, improve employee satisfaction, better able a company to track manager performance, [ 5 ] improve managers' people management skills, improve management productivity and morale, and prepare ...