Business Development Strategy Plan

Business Development Strategy Plan-43
The business development team assesses further expansion potential.After all due diligence, research and studies, it finds that the product/service can be expanded to a new region, such as Brazil.

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A strategy, of course, which some may also call a roadmap.

However, would this lead to employee attrition, if the new location isn't convenient for everyone?

It's up to the business development team to assess such concerns.

In the simplest terms, business development can be summarized as the ideas, initiatives and activities aimed towards making a business better.

This includes increasing revenues, growth in terms of business expansion, increasing profitability by building strategic partnerships, and making strategic business decisions.

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