Job Summary:
The Director of Business Development is responsible for driving the growth of the organization by identifying new business opportunities, developing strategic partnerships, and expanding market reach. This role involves leading the business development team, formulating strategies, and ensuring the successful execution of business initiatives that align with the company’s goals.
Key Responsibilities:
Strategic Planning:
Develop and implement comprehensive business development strategies to achieve company growth objectives.
Analyze market trends and competitive landscape to identify opportunities for expansion.
Opportunity Identification:
Identify and evaluate new business opportunities, including potential partnerships, joint ventures, and acquisitions.
Conduct market research to understand customer needs and preferences.
Relationship Management:
Build and maintain strong relationships with key stakeholders, including clients, partners, and industry leaders.
Represent the organization at industry events, trade shows, and networking functions.
Team Leadership:
Lead and mentor the business development team, providing guidance and support to achieve targets.
Foster a collaborative and high-performance culture within the team.
Proposal Development:
Oversee the development of proposals and presentations for potential clients and partners.
Ensure that proposals are compelling and aligned with organizational objectives.
Sales Strategy:
Collaborate with the sales team to develop and execute sales strategies that drive revenue growth.
Monitor sales performance and adjust strategies as necessary to meet targets.
Performance Metrics:
Establish key performance indicators (KPIs) to measure the success of business development initiatives.
Analyze and report on business development performance to senior management.
Budget Management:
Develop and manage the business development budget, ensuring optimal allocation of resources.
Identify cost-effective strategies for business growth.
Qualifications:
Education: Bachelor’s degree in Business Administration, Marketing, or a related field. Master’s degree preferred.
Experience: Minimum of 8-10 years of experience in business development, sales, or marketing, with at least 5 years in a leadership role.
Skills:
Strong strategic thinking and analytical skills.
Excellent communication, negotiation, and interpersonal skills.
Proven ability to develop and execute successful business development strategies.
Proficiency in CRM software and business analytics tools.
Total Salary Package = 55,000 SR
