General Summary:
- The business development manager is in charge of developing business solutions.
- The main goal is to generate more revenue for the company. They will manage client accounts and come up with new sales ideas.
- This includes new sales strategies, sales pitches, and business plans.
Essential Job Functions for BDM
- Developing growth strategies and plans.
- Managing and retaining relationships with existing clients.
- Increasing client base.
- Having an in-depth knowledge of business products and value proposition
- Writing business proposals.
- Negotiating with stakeholders.
- Identifying and mapping business strengths and customer needs.
- Researching business opportunities and viable income streams.
- Following industry trends locally and internationally.
- Drafting and reviewing contracts.
- Reporting on successes and areas needing improvements.
Qualification and Experience:
- As a manager at an organisation, this is a role that demands a qualification, or significant experience in the field.
- These degrees are important when advertising for a Business Development Manager:
- Business Development
- Economics or Finance
- Marketing
Skills/Abilities:
- High-level communication skills
- Stakeholder management skills
- Proven ability to negotiate
- Experience with design and implementation of business development strategy
- Conflict resolution
- The ability to self-motivate and motivate a team
- Experience working to and exceeding targets