Director of Business Development Job Description Template
The Director of Business Development will work with the CEO and other executive staff to identify and pursue new business opportunities. They will be responsible for developing relationships with potential clients, negotiating contracts, and overseeing the execution of these agreements. In addition, they will monitor market trends and competitor activity to ensure that the company is positioned to take advantage of new opportunities. The ideal candidate will have extensive experience in business development, sales, or a related field. They must be able to think strategically and possess excellent communication, negotiation, and presentation skills.
Director of Business Development Job Responsibilities
- Develop and implement strategic plans to grow the business and achieve targets
- Research and identify new business opportunities, including new markets, products, and services
- Generate leads and cultivate relationships with potential customers
- Design and oversee marketing campaigns to promote the company's products or services
- Negotiate contracts with clients and partners
- Hire, train, and manage a team of business development executives
- Monitor industry trends and competitor activity to inform strategy decisions
- Prepare reports for senior management on the progress of Business Development initiatives
Objectives
- To identify and develop new business opportunities for the company.
- To manage and oversee the company's business development activities.
- To liaise with other departments within the company to ensure that all business development activities are coordinated and aligned with the company's overall strategy.
- To create and implement strategies and plans to achieve business development goals.
- To monitor progress against key performance indicators and take corrective action where necessary to ensure targets are met.
- To keep abreast of industry trends and developments in order to identify new opportunities for the company
Director of Business Development Job Skills & Qualifications Needed
- There is no onesize-fits-all answer to this question, as the skills and qualifications needed for the role of Director of Business Development will vary depending on the specific organization and industry. However, some general skills and qualifications that are often required for this position include:
- A bachelor's degree in business, marketing, or a related field
- 7+ years of experience in sales, marketing, or a related field
- Proven track record of successfully developing and executing business development strategies
- Strong communication, presentation, and negotiation skills