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- Help in forecasting market homework
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Skills needed for business development professionals:
- Sales experience
- Mergers and acquisitions
- Capture management or Proposal Management
- Strategic management
Policies of Business development If talking about best strategy of business development then it is “pipeline”. It means the flow of the prospective customers that the company has begun developing. Every strategist of business development offers each customer in the pipeline with a proper plan of developing business like:
- Possible reasons for losses and wins
- Targeted figures of the sales
- Best performing figures and sales channels
- Figures and sales of services
What kind of skills involved in business development:
- Opportunities of marketing assessment and target markets
- Intellect gathering on competitors and customers
- Making possible sales leads
- Suggesting on, enforcing and drafting sales policies and procedures for Business Development
- Summarize activity of sales
- Presentation management, formal proposal and review writing
- Presentation and pitch and rehearsals
- Design of business model
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