Job Description
We live in a global economy where many businesses operate on more than one continent. Business Development Executives help their employers earn new business necessary for expansion. This position was formerly lumped under Sales Executive, but globalization led to the creation of the Business Development Executive role. Business Development Executives are well versed in analytical tasks like conducting market research and developing growth strategies based on key performance indicators. They also perform communication-based tasks, such as collaborating with team members and negotiating with clients. Given that every industry has a thirst for expansion, Business Development Executives are employed in virtually every niche. Midsize and large corporations most commonly hire Business Development Executives.
The role of Business Development Executive is a sales job with room for advancement. They typically answer to a Business Development Manager, who in turn answers to a VP of Business Development. Their work environment is a standard corporate office setting for the most part, although client and prospect meetings can take place at a variety of locales.