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Common questions about being a Business Development Manager
What is the work environment for a business development manager?
Business development managers mainly work in an office setting. However, they frequently visit other offices to attend meetings and carry out research. Occasionally, business development managers travel overseas for new experiences in foreign markets. For more senior-level roles, these individuals have to work on tight deadlines and may be very busy at times.
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What is the difference between a business development manager and a sales manager?
A business development manager's role involves developing relationships or strategic partnerships on behalf of a company. They perform a type of marketing that facilitates business growth and opportunities. On the other hand, a sales manager focuses on financial business growth. They create new sales leads and contacts. It is common to find a business development manager with previous experience as a sales manager.
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Do business development managers have specialties?
A significant number of business development managers choose to specialize in one area, such as sales and marketing, after a few years in the position. They may also venture into consultancy and focus on providing advice to firms. Alternatively, there are those business development managers who will have gained enough skills and expertise to set up their own businesses.