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To be fair, there are many, many different schools of thought as to what exactly Biz Dev should cover. A broad answer is that Sales is more tactical, whereas Biz Dev is more strategic.
Sales, for the most part, are simply the selling the product/service to the customer with a critical element being Client Management - development & maintenance of the relationship with the client before and after the deal is executed. Having done both roles in my career, Sales is typically a subset of Business Development. Biz Dev adds such broad stroke responsibilities as strategic & long term planning, market analysis, and competitive research in order to determine a list of prospects to approach, markets to enter/exit, and new features to add to your product or new services to your portfolio.
Sales is a more pure role of client management & revenue growth role. Whereas biz dev in some companies may have very few elements of client interaction at all.
Wiki User
∙ 15y ago
Wiki User
∙ 10y agoThe initial strategy you devise on how to go about selling your product in the marketplace is commonly known as business development. Once you have devised that strategy you proceed with the actual sales which is the selling of the products using the strategies you have devised.
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What is the difference between sales executive and business development executive?
sales executives are selling their products directly to the market whereas business development executives are leading the sales executives.
What is the difference between corporate sales and institutional sales?
The difference between corporate sales and institutional sales is that the former is a type of sales transaction between one business and another. The latter is a financial sale made by affluent brokerage companies to high net worth investors.
What does business development involve?
Business development involves creating products and services that broaden the market. Marketing and sales are integral to business development in a company.
What is the difference between sales promotion and market promotion.?
Marketing is everythig you do to create demand and sales, one of which is sales promotion.
What is the difference between sales and cost of sales?
Net Sales is sales less sales returns and cost of sales is all the direct expenses and overhead applied to whatever type of business you are talking about. Don't confuse Net Sales with Net Income (which is the bottom line of a business's income statement)
What is the difference between sales executive and business development executive?
sales executives are selling their products directly to the market whereas business development executives are leading the sales executives.
What is the difference between corporate sales and institutional sales?
The difference between corporate sales and institutional sales is that the former is a type of sales transaction between one business and another. The latter is a financial sale made by affluent brokerage companies to high net worth investors.
Is sales revenue an expense or asset?
Sales is a revenue not an expense or asset while difference between sales and expense is profit which is liability for business.
What does business development involve?
Business development involves creating products and services that broaden the market. Marketing and sales are integral to business development in a company.
What is the difference between sales promotion and market promotion.?
Marketing is everythig you do to create demand and sales, one of which is sales promotion.
What is the difference between sales and cost of sales?
Net Sales is sales less sales returns and cost of sales is all the direct expenses and overhead applied to whatever type of business you are talking about. Don't confuse Net Sales with Net Income (which is the bottom line of a business's income statement)
What is one difference between sales management and marketing management?
The major difference between sales management and marketing management is that sales management deals with closing the deal and marketing management deals with getting brand awareness out in the business sector so that the products are advertised.
What is the best job titles for sales and business development?
The best job titles for sales and business development is director. When a person acts as a director of either of these departments, they are responsible for strategy implementation through business goals.
What is the mean of sales-bd?
bd stands for business development and sales is commonly known to everyone.
What is the difference in business intelligence from sales forecasting?
Sales forecasting is using business intelligence to develop a strategy for budgets. Business intelligence is the data used to get the sales forecast.
What is the difference between the sales objectives and communication objectives?
difference between sales objectives and commuicatio objectives?
'What is the difference between sales forecast and sales quota?
what is sales forecast
