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Every business organization establishes a structure for its management in order to improve the effectiveness in the tasks carried out in the organization, called as business management hierarchy.
Business development manager hierarchy. The best structure so far from the business point of view is the hierarchical structure that helps organizations to get divided into levels and each level is required to handle its own set of activities, responsibilities and accountability. Chief Executives Manager(CEM) Chief Engineering officer;. There are many other C-Titles but they are specific to businesses and industries.
Business development (BD) is the process of identifying, nurturing and acquiring new clients and business opportunities to drive growth and profitability.As commonly used in the professional services context, BD includes major elements of traditional marketing and sales functions, such as lead generation, nurturing, opportunity qualification, proposal preparation. As a business development manager, you'll identify new business opportunities in order to generate revenue, improve profitability and help the business grow. If you’re hoping to eventually reach a senior management position or start your own business someday, becoming a business development manager is a great way to build your career foundation.
Working as a business development manager is a great way to grow your project management, communication and team leadership skills.
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