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What does a Business Development Executive do?

Photo of Brenna Goyette
Brenna Goyette
Certified Professional Resume Writer, Career Expert

Published 3 min read

A Business Development Executive is responsible for generating new business opportunities and developing relationships with potential clients. They may also be responsible for conducting market research, identifying sales targets, and developing marketing strategies.

Business Development Executive job duties include:

  • Research and identify new business opportunities, including new markets, products, and services
  • Develop strategies to penetrate new markets and grow existing market share
  • Plan and execute business development initiatives to achieve desired results
  • Build and maintain relationships with key decision makers in target organizations
  • Monitor industry trends and competitor activity to identify new business opportunities
  • Prepare proposals and presentations to communicate the value proposition of potential business opportunities to internal stakeholders
  • Negotiate partnerships, contracts, or other agreements to secure new business opportunities
  • Manage the execution of new business projects/initiatives from start to finish
  • Evaluate the financial performance of new business ventures and make recommendations for improvement

Business Development Executive Job Requirements

A Business Development Executive typically has a bachelor's degree in business administration or a related field. Some employers may require a master's degree. In addition, executives must have experience working in business development or a related field. They must also be able to demonstrate strong leadership, communication, and negotiation skills.

Business Development Executive Skills

  • Business Acumen
  • Communication
  • Persuasion
  • Research
  • Organization
  • Planning
  • Time Management
  • Negotiation
  • Prospecting
  • Closing Deals
  • Account Management

Related: Top Business Development Executive Skills: Definition and Examples

How to become a Business Development Executive

The Business Development Executive is responsible for developing and executing a sales plan to increase revenue and profit for their company. They work closely with other departments within the company to ensure that all sales goals are met. The Business Development Executive is also responsible for identifying new business opportunities and developing relationships with potential customers.

To become a Business Development Executive, one must first have a minimum of a bachelor’s degree in business administration or a related field. Additionally, experience in sales, marketing, and customer service is essential. Strong communication and negotiation skills are also necessary for this position.

Related: Business Development Executive Resume Example

Related: Business Development Executive Interview Questions (With Example Answers)

Editorial staff

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Editor

Brenna Goyette

Expert Verified

Brenna is a certified professional resume writer, career expert, and the content manager of the ResumeCat team. She has a background in corporate recruiting and human resources and has been writing resumes for over 10 years. Brenna has experience in recruiting for tech, finance, and marketing roles and has a passion for helping people find their dream jobs. She creates expert resources to help job seekers write the best resumes and cover letters, land the job, and succeed in the workplace.

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