Business Development Manager Job Descriptions - Business Development Manager Duties and Responsibilities
The Business Development Manager (BDM) is often the first point of contact a new potential client will have with a business when they are seeking information on the products and services the company provides. The BDM also responds to RFP's, tenders, and develops sales in new sales territories.
Business Development Officers are employed by companies to develop and execute strategies to increase company sales and profits. They identify profitable business opportunities, secure sound business deals, and lead business development associates.
What does a Business Development Manager do? Primarily they are tasked with developing and diversifying business so that income increases, and the future and growth of the organisation are guaranteed. A Business Development Manager job description should ask for a range of skills and capacities that centre on the best strategic and financial outcomes for the organisation. When writing the Business Development Manager job description, suitable candidates may come from a range of industries.
Business Development Manager job description
A Business Development Manager is a senior role, and as such has some important duties and responsibilities to fulfil, with both short and long-term goals to achieve. A Business Development Manager job description should cite some of the below tasks and objectives:
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
Contacting potential clients to establish rapport and arrange meetings.
Planning and overseeing new marketing initiatives.
Researching organizations and individuals to find new opportunities.
Increasing the value of current customers while attracting new ones.
Finding and developing new markets and improving sales.
Attending conferences, meetings, and industry events.
Developing quotes and proposals for clients.
Developing goals for the development team and business growth and ensuring they are met.
Training personnel and helping team members develop their skills
Developing and sustaining solid relationships with company stakeholders and customers.
Analyzing customer feedback data to determine whether customers are satisfied with company products and services.
Recruiting, training, and guiding business development staff.
Providing insight into product development and competitive positioning.
Analyzing financial data and developing effective strategies to reduce business costs and increase company profits.
Conducting market research to identify new business opportunities.
Collaborating with company executives to determine the most viable, cost-effective approach to pursue new business opportunities.
Meeting with potential investors to present company offerings and negotiate business deals.
Business Development Manager job qualifications and requirements
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:
Economics or Finance
Bachelor’s degree in business, marketing or related field.
Experience in sales, marketing or related field.
Strong communication skills and IT fluency.
Ability to manage complex projects and multi-task.
Excellent organizational skills.
Ability to flourish with minimal guidance, be proactive, and handle uncertainty.
Proficient in Word, Excel, Outlook, and PowerPoint.
Comfortable using a computer for various tasks.
A Business Development Manager job description should also request the below soft skills from candidates:
High-level communication skills
Stakeholder management skills
Proven ability to negotiate
Experience with design and implementation of business development strategy