Business Development Manager Job Description Explained

Business Development Manager Job Description Explained Business Development Manager Job Description Explained3 min read Read ­ing Time: 3 min ­utesBusi ­ness devel ­op ­ment com ­pris ­es of the ideas and ini ­tia ­tives tak ­en by man ­age ­ment to improve their sales. These ini ­tia ­tives include mak ­ing strate ­gic busi ­ness deci ­sions that result in rev ­enue growth as well as the expan ­sion of the busi ­ness. The activ ­i ­ties of busi ­ness devel ­op ­ment are dis ­trib ­uted across all the depart ­ments. There ­fore, a Busi ­ness Devel ­op ­ment Man ­ag ­er job descrip ­tion cov ­ers more than one depart ­ment. They have to coor ­di ­nate with the sales and mar ­ket ­ing team to imple ­ment cost-effi ­cient solu ­tions to exist ­ing prob ­lems. A Busi ­ness Devel ­op ­ment Man ­ag ­er acts as the point of con ­tact for exist ­ing as well as new clients. Because of this rea ­son, it is essen ­tial that a BD Man ­ag ­er car ­ries the knowl ­edge of the entire prod ­uct line. As well as every ­thing a com ­pa ­ny has to offer. This arti ­cle will give you a detailed view about the job descrip ­tion of a busi ­ness devel ­op ­ment man ­ag ­er. You can also have an idea about the busi ­ness devel ­op ­ment man ­ag ­er job descrip ­tion tem ­plate. Role Responsibilities Of Business Development Manager The pri ­ma ­ry role that a Busi ­ness Devel ­op ­ment Man ­ag ­er plays in a com ­pa ­ny is to iden ­ti ­fy new busi ­ness oppor ­tu ­ni ­ties. These oppor ­tu ­ni ­ties should ulti ­mate ­ly result in busi ­ness expan ­sion. This includes iden ­ti ­fy ­ing new busi ­ness mar ­kets and trends in the indus ­try. More ­over, in the cor ­po ­rate world net ­work ­ing in the indus ­try is cru ­cial. So attend ­ing events like con ­fer ­ences and exhi ­bi ­tions is part of the Busi ­ness Devel ­op ­ment Man ­ag ­er job descrip ­tion. To spec ­i ­fy, here is a set of respon ­si ­bil ­i ­ties of a Busi ­ness Devel ­op ­ment Man ­ag ­er: Prepar ­ing new mar ­ket ini ­tia ­tives. Research ­ing orga ­ni ­za ­tions to find new busi ­ness oppor ­tu ­ni ­ties. Con ­tact ­ing new clients to estab ­lish a part ­ner ­ship. Improve rela ­tion ­ships with exist ­ing cus ­tomers. Devel ­op ­ing pro ­pos ­als for new clients. Cre ­at ­ing tar ­gets for busi ­ness growth and ensur ­ing they are met. Attend ­ing indus ­try events. Knowl ­edge of the prod ­uct range offered by the com ­pa ­ny. Super ­vis ­ing the com ­pa ­ny’s finan ­cial resources and allo ­cat ­ing them wher ­ev ­er nec ­es ­sary. Qualifications Skills Of Business Development Manager To get into the busi ­ness devel ­op ­ment depart ­ment, a bach ­e ­lor’s degree in Busi ­ness Admin ­is ­tra ­tion or mar ­ket ­ing should be enough. How ­ev ­er, for a man ­ag ­er, it is pre ­ferred to have a Mas ­ter’s in the same field. Tak ­ing a course in busi ­ness admin ­is ­tra ­tion will pre ­pare a can ­di ­date for the chal ­leng ­ing role in busi ­ness devel ­op ­ment. It cov ­ers sub ­jects like man ­age ­r ­i ­al eco ­nom ­ics, strate ­gic plan ­ning, finance, HR, account ­ing, cor ­po ­rate pol ­i ­cy, etc. How ­ev ­er, mere ­ly hav ­ing a degree is not enough to become a man ­ag ­er. You need to have at least 3â€"5 years of work expe ­ri ­ence in Busi ­ness Devel ­op ­ment or mar ­ket ­ing and sales. Only then can you be con ­sid ­ered for a man ­age ­r ­i ­al role. Fur ­ther ­more, a Busi ­ness Devel ­op ­ment Man ­ag ­er also needs to pos ­sess the fol ­low ­ing skill set: Pow ­er ­ful com ­mu ­ni ­ca ­tions skills Flu ­en ­cy in IT func ­tions Strong pre ­sen ­ta ­tion skills Excel ­lent nego ­ti ­a ­tion skills Good with num ­bers Goal-ori ­ent ­ed Great lead ­er ­ship skills Abil ­i ­ty to define new busi ­ness oppor ­tu ­ni ­ties Strate ­gic thinker Career Scope Of Business Development If you have ever felt like a 8â€"9 hours job is not your thing, this might be your dream job. Main ­ly because of the fact that a major por ­tion of a Busi ­ness Devel ­op ­ment Man ­ager’s day involves being on the go. They have to meet new clients, close sales with exist ­ing ones and be respon ­si ­ble for job boards at times. More ­over, they also have to attend indus ­try events like con ­fer ­ences and sem ­i ­nars. As a result, the Busi ­ness Devel ­op ­ment Man ­ag ­er job descrip ­tion does ­n’t fit sit ­ting on a desk all day. If you are proac ­tive with a kink for sales, this is the career path for you. Direc ­tor Of Busi ­ness Devel ­op ­ment: The Direc ­tor of BD helps a com ­pa ­ny to remain com ­pet ­i ­tive and grab the per ­fect growth oppor ­tu ­ni ­ties. As the com ­plex ­i ­ties of busi ­ness keep grow ­ing, the demand for strong lead ­er ­ship becomes even more vital for every orga ­ni ­za ­tion. VP Of Busi ­ness Devel ­op ­ment: You need to have sev ­er ­al years of rel ­e ­vant work expe ­ri ­ence as a Direc ­tor. Only then can a can ­di ­date be pro ­mot ­ed to become the Vice Pres ­i ­dent. The VP of Busi ­ness Devel ­op ­ment reports direct ­ly to the CEO of the com ­pa ­ny. A major por ­tion of their job goes into gen ­er ­at ­ing and exe ­cut ­ing a com ­pa ­ny’s sales and mar ­ket ­ing plans. Salary The aver ­age salary pack ­age for a Busi ­ness Devel ­op ­ment Man ­ag ­er in India is 6LPA. It even ­tu ­al ­ly comes to an approx ­i ­mate of 50k per month. How ­ev ­er, this is a stan ­dard salary pack ­age and might dif ­fer accord ­ing to the com ­pa ­ny and job loca ­tion. business manager job descriptionjob description of business manager