Business Development works the front end of the business and interfaces with customers, linking Raytheon’s technology and innovation in sensors, effects, C3I, mission support, homeland security, cybersecurity and other markets. In other words, this will drive suppliers out of business, which goes against the purpose of supplier development. Business development activities extend across different departments, including sales, marketing, project management , product management and vendor management.
Businesses also seek help from external incubator firms , business development companies (BDC) and small business development centers (SBDC) However, these entities assist in business establishment and the necessary fine-tuning only during the early stages of business setup.
The phenomenal growth in multinational and transnational operations, fast changing technology, increasing complexity of decision making, dynamic social and economic environment, globalisation of business and elastic project organisations and task groups will significantly influence the future managerial world and managerial tasks.
The programme is closely related to current trends and will be under constant development. We serve as a Business Development Partner and can source Private Equity as well as work with financiers. Since it launched reform and opening-up, China has attracted over 1.7 trillion US dollars of foreign investment and made over 1.2 trillion US dollars of direct outbound investment, making a huge contribution to global economic development.
Introduction of new techniques: Management facilitates the introduction of new machines and new methods in the conduct of business activities. Many who have a business management degree in this kind of position it have concentrated their degrees in areas like accounting, macroeconomics, management theory, business law and/or information systems.