key responsibilities of a business development executive may include:
market research: conducting market research to identify potential opportunities for business growth and staying informed about industry trends, competitors, and market conditions.
lead generation: generating leads through various channels such as cold calling, networking, referrals, and digital marketing strategies.
client relationship management: building and maintaining relationships with existing clients while also developing new relationships with potential clients to foster long-term partnerships.
sales strategy: developing and implementing sales strategies to meet revenue targets and achieve business objectives.
proposal development: collaborating with internal teams to create proposals, presentations, and pitches tailored to the needs of prospective clients.
negotiation: negotiating terms and agreements with clients to ensure mutually beneficial outcomes for both parties.
networking: attending industry events, conferences, and networking functions to expand the company's presence and identify new business opportunities.
strategic planning: working closely with senior management to develop and execute strategic plans for business growth and expansion into new markets.
performance tracking: monitoring key performance indicators (kpis) to measure the effectiveness of business development initiatives and making adjustments as needed to optimize results.
team collaboration: collaborating with cross-functional teams such as marketing, product development, and operations to ensure alignment and support for business development efforts.