Business development managers help drive long-term growth by identifying new markets, building strategic partnerships and uncovering customer segments beyond the company’s current reach. Their work combines research, relationship building and strategic planning.
Common duties include:
Researching industries and market trends to identify new business opportunities
Reaching out to potential partners to explore mutually beneficial collaborations
Creating step-by-step plans to enter new markets or launch new services
Keeping company leadership informed on business development progress and pipeline updates
Collaborating with sales and marketing teams to get new customers