Business development, on the other hand, is like the chess game of the business world. It’s strategic, long-term, and often involves a lot of behind-the-scenes manoeuvring. While sales focus on immediate revenue, business development is about creating and nurturing long-term relationships and partnerships.
Think of business development as the art of building bridges. It’s about identifying new opportunities, forging strategic partnerships, and expanding into new markets. This could mean negotiating with potential partners, exploring new channels, or developing innovative business models.
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Sales vs. Business Development: The Real Deal Behind the Buzzwords
vertexviews.wordpress.com
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Sales and business development. These terms get tossed around like confetti at a New Year’s Eve party, and everyone seems to have their own interpretation. But here’s the truth: they’re not the same thing, and if you’re in the business world, you need to understand why.
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