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These concerns have become so great that Business Ethicists have created a new department called Development Ethics.Now, instead of simply helping developing businesses, international business developers have begun ensuring that the companies keep basic human rights in mind.In the limited scholarly work available on the subject, business development is conceptualized as or related to discrete projects, specific modes of growth, and organizational units, activities, and practices.
The business developers' tools to address the business development tasks are the business model answering "how do we make money" and its analytical backup and roadmap for implementation, the business plan.
Business development professionals frequently have had earlier experience in sales, financial services, investment banking or management consulting, and delivery; although some find their route to this area by climbing the corporate ladder in functions such as operations management.
Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way.
In addition, business development activities can be done internally or externally by a business development consultant.
External business development can be facilitated through Planning Systems, which are put in place by governments to help small businesses.
In addition, reputation building has also proven to help facilitate business development.
The business developer is concerned with the analytical preparation of potential growth opportunities for the senior management or board of directors as well as the subsequent support and monitoring of its implementation.
Both in the development phase and the implementation phase, the business developer collaborates and integrates the knowledge and feedback from the organization’s specialist functions, for example, research and development, production, marketing, and sales to assure that the organization is capable of implementing the growth opportunity successfully.
To be successful in business development the partnership must be built on strong relationships.
Business Development is affected by external factors.