What is the duty of business development? Discover key growth strategies.
Business Development: Key Duties and Growth Strategies

Understanding the Key Duties of Business Development

Business development is often confused with sales or marketing, but it is a separate function that has its own set of responsibilities. The key duties of business development include:

  • Identifying New Opportunities
  • Building Relationships with Potential Clients
  • Implementing Strategies to Drive Growth

Key Growth Strategies for Businesses

Now that we have a better understanding of the key duties of business development let’s explore some of the most effective growth strategies that businesses can use to achieve success.

Networking and Building Relationships

Developing a Strong Brand

Offering Exceptional Customer Service

Innovating and Adapting to Change

Case Studies: Real-Life Examples of Successful Business Development Strategies

Let’s take a look at some real-life examples of businesses that have successfully implemented business development strategies to achieve growth.

Airbnb

Salesforce