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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 FSBDC has been designated by the state of Florida as the principal provider of business assistance in the state. [4] The FSBDC is accredited by the National Association of Small Business Development Centers. [5] Additionally, the FSBDC requires all business consultants to undergo training to be certified as business analysts for the ...
The setting-up process of a sole proprietorship to comply with local laws and regulations, is obtainable from the Small Business Development Center (SBDC), using their locator facility. A sole proprietor must be prepared to devote their time, utilizing business methods towards establishing a sound and appropriate foundation.
On the other hand, Reynolds et al. [116] argue that individuals are motivated to engage in entrepreneurial endeavours driven mainly by necessity or opportunity, that is individuals pursue entrepreneurship primarily owing to survival needs, or because they identify business opportunities that satisfy their need for achievement.
[29]:35–36 Capacity development of private organizations involves the build-up of an organization's tangible and intangible assets. [30] Organization development (OD) is the study and implementation of practices, systems, and techniques that affect organizational change. The goal of which is to modify an organization's performance and/or culture.
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 ...
The New York Small Business Development Center was created in 1984. The NYSBDC is administered by the State University of New York and is funded by the State of New York], the U.S. Small Business Administration, and host campuses. The NYSBDC is an accredited affiliate of the national network of Small Business Development Centers and a member of ...
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.).