Business Development

Business Development referred as the activity of pursuing strategic opportunities for a particular business or organization, for example by cultivating partnerships or other commercial relationships, or identifying new markets for its products or services. Business development activities extend across different departments, including sales, marketing, project management, product management and vendor management. Networking, negotiations, partnerships, and cost-savings efforts are also involved. All these different departments and activities are driven by and aligned to the business development goals.
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, and increasing profitability by building strategic partnerships, and making strategic business decisions. Business development activities extend across different departments, including sales, marketing, project management, product management and vendor management. Networking, negotiations, partnerships, and cost-savings efforts are also involved. All these different departments and activities are driven by and aligned to the business development goals. Since business development involves high-level decision making, the business developer should remain informed about current state of the business in terms of SWOT analysis (Strengths, Weaknesses, Opportunities, and Threats). The current state of overall industry sector and growth projections, Competitor developments, Primary sources of sales/revenues of current business and dependencies, the customer profile, New and unexplored market opportunities, New domains/products/sectors eligible for business expansion, which may complement the existing business, the long-term view, especially with regards to the initiatives being proposed, the cost areas, and the possible options of cost-savings.

    Related Conference of Business Development

    Feb 28- March 2, 2019

    22nd Global Congress on Biotechnology

    Golden Tulip Berlin, Germany
    March 21-22, 2019

    9th International Conference and Exhibition on Advanced Cell and Gene Therapy

    Hotel: Holiday Inn Rome Aurelia, Rome, Italy
    March 25-26, 2019 |

    11th World Congress and Expo on Cell & Stem Cell Research

    Orlando, Florida, USA
    April 24-25, 2019

    13th International Conference on Bio Banking and Tissue Preservation

    Vancouver, British Columbia, Canada
    May 01-02, 2019

    7th Asia Pacific Plant Biology and Plant Science Congress

    | Seoul, South Korea
    May 01-02, 2019,

    25th Asia Pacific
    Biotechnology Congress

    Kyoto, Japan
    June 10-11, 2019

    International Conference on Cell Biology and Genomics

    Helsinki, Finland
    July 31-Aug 01, 2019

    2nd Annual Biotechnology Congress

    | Chicago, Illinois, USA
    August 22-23, 2019

    5th International Congress on Epigenetics & Chromatin

    Vienna, Austria
    August 22-23, 2019

    5th International Congress on Epigenetics & Chromatin

    Vienna, Austria
    September 9-10, 2019

    23rd European Biotechnology Congress

    Zurich, Switzerland
    September 13-14, 2019

    12th World Congress on Cell & Tissue Science

    Singapore
    September 23-24, 2019

    10th International Conference on Tissue Science and Regenerative Medicine

    | Radisson, Narita | Tokyo, Japan
    October 18-19, 2019

    4th World Biotechnology Congress

    Dallas, Texas, USA
    November 14-15, 2019

    6th World Congress on Epigenetics and Chromosome

    Cape Town, South Africa

    Business Development Conference Speakers

    Recommended Sessions

    Related Journals

    Are you interested in