5 best practices for business development.
1. Create a Comprehensive Plan. A business development plan outlines the ways you’ll implement your business development strategy.
2. Form Strategic Partnerships. Don’t try to go it alone. A strong business development effort relies on a foundation of strong relationships.
3. Make Business Development Enterprise-Wide. Well-planned business development activities extend across many different departments including sales, marketing, product development, product management and vendor management
4. Create Long-Term Value. Business development isn’t about get-rich-quick schemes that create value today and are gone tomorrow
5. Quality is the Key. In all aspects of business development, quality must consistently be top of mind. At ILC Dover, quality is a culture, not a measurement
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