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Business development is an ongoing development of operations and procedures in corporates to achieve growth and increase profitability. The services of business development aim at developing performance and productivity.
Business development includes the following:
- Market analysis: includes determining growth opportunities.
- Products development and services: includes improving products and services provided.
- Improving Operations: It includes improving procedures and work style to increase productivity and performance.
- Development of competition capabilities: includes improving of services provided for the clients and improving the performance.
- Business strategy development: fixing corporation’s goals and plans to achieve.
Business development is a core in improving performance and productivity. It helps in growth and increase of productivity.
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