tag:blogger.com,1999:blog-34111742250701712512024-03-13T08:25:25.487-07:00Bussiness DevelopmentsSaud Z Shaikhhttp://www.blogger.com/profile/03102787671794771622noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3411174225070171251.post-49291542188916794282012-08-10T03:19:00.000-07:002012-08-10T03:27:50.552-07:00Bussiness Development<div dir="ltr" style="text-align: left;" trbidi="on">
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Shaikh Saud<br />
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<b>New business development</b> concerns all the activities involved in realizing new business opportunities, including <a href="http://en.wikipedia.org/wiki/Product_design" title="Product design">product</a> or <a href="http://en.wikipedia.org/wiki/Service_design">service design</a>, <a href="http://en.wikipedia.org/wiki/Business_model_design">business model design</a>, and <a href="http://en.wikipedia.org/wiki/Marketing">marketing</a>. When splitting business development into two parts, we have: ‘business’ and ‘development’. The first things that come into mind when looking at <i>business</i> are: economics, finance, managerial activities, competition, prices, marketing, etc. All of these keywords are related to risk and entrepreneurship and clearly indicate the primary scope of the term ‘business development’. <i>Development</i> is very abstract and can be linked with some of the following keywords: technological improvement, cost reduction, general welfare, improved relations, movement in a (positive) direction, etc.<br />
In the traditional definition of <a href="http://en.wikipedia.org/wiki/Business_development">Business development</a>, Business Development is mostly seen as growing an enterprise, with a number of techniques. The mentioned techniques differ, but in fact all of them are about traditional marketing. The main question in these issues is: how to find, reach and approach customers and how to make/keep them satisfied, possibly with new products. (Kotler, 2006) Since this definition is limited and lacks some essential factors in business developing, a complete new definition of Business Development will be introduced. Of course, the theory on “traditional” marketing is still correct and can be adopted from the old definition. When supplying a solution, it is important to focus on the total offering you give instead of only focusing on the product or service. An offering is a package consisting of different proportions of physical product, service, advice, delivery and the costs, including price that are involved in using it. Hereby the advice, adaptation to the customer and the costs are the most important factors to get the right combination within the offering. (Ford et al., 2006; Hakansson et al., 2004) Drawing on <a href="http://en.wikipedia.org/wiki/Contingency_theory">contingency theory</a>, an idea central to new business development is that different product-market- technology combinations can require different <a class="mw-redirect" href="http://en.wikipedia.org/wiki/Marketing_strategies" title="Marketing strategies">marketing strategies</a> and business models to make them a success (Tidd et al., 2005). To chart the factors that are involved and create synergy between them, new business development draws heavily upon the fields of <a href="http://en.wikipedia.org/wiki/Technology">technology</a> and <a class="new" href="http://en.wikipedia.org/w/index.php?title=Business_networks&action=edit&redlink=1" title="Business networks (page does not exist)">business networks</a>. The new business development process is to recognize chances and opportunities in a fast changing technological environment. Often uncertainty arises because of new technology and their new markets<br />
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<tr> <td> <span color="#00458A"> <b>Indian stocks rebound on Greece bailout package</b> </span> </td> </tr>
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<span color="#A0C0C0">Indian stocks rallied on Friday as a $229-billion aid package for Greece calmed ... </span> </div>
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<tr> <td> <span color="#00458A"> <b>Opening Bell 22 July</b> </span> </td> </tr>
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<span color="#A0C0C0">It’s fairly clear now. Markets are rewarding the companies that are ... </span> </div>
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<tr> <td> <span color="#00458A"> <b>Construction business helps IRB’s Q1 results</b> </span> </td> </tr>
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<span color="#A0C0C0">While revenue grew strongly, margins declined by about 7.6 percentage points to ... </span> </div>
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<tr> <td> <span color="#00458A"> <b>Biocon needs higher revenue growth</b> </span> </td> </tr>
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<span color="#A0C0C0">Profit before tax grew by just 9% year-on-year (y-o-y). Biocon attributed the ... </span> </div>
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<tr> <td> <span color="#00458A"> <b>Hero Honda’s margins disappoint</b> </span> </td> </tr>
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<span color="#A0C0C0">Hero Honda’s operating margins at 14.4%, compared with 14% a year ago, were ... </span> </div>
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<tr> <td> <span color="#00458A"> <b>Kotak Mahindra increasingly dependent on loan book</b> </span> </td> </tr>
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<span color="#A0C0C0">In the June quarter, financing activities made up 83% of its profit before tax ... </span> </div>
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<tr> <td> <span color="#00458A"> <b>Indian shares fall on earnings downgrade fears</b> </span> </td> </tr>
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<span color="#A0C0C0">Reliance Communications, Kotak Mahindra Bank, IDFC, Sesa Goa and Reliance ... </span> </div>
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<tr> <td> <span color="#00458A"> <b>L&T Fin to hit markets on Wed, to mop up Rs 1,275 cr</b> </span> </td> </tr>
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<span color="#A0C0C0">The total issue size is of Rs 1,575 crore, but the net issue size to the public ... </span> </div>
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<tr> <td> <span color="#00458A"> <b>Shares nudge up 0.2%, Biocon slips</b> </span> </td> </tr>
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<span color="#A0C0C0">By 11:46 am, the 30-share BSE index was up 0.21% at 18,541.8 points, after ... </span> </div>
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<tr> <td> <span color="#00458A"> <b>Opening bell 21 July</b> </span> </td> </tr>
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<span color="#A0C0C0">Overnight, stock markets in the US closed flat amidst concerns that the ... </span> </div>
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<br /></div>Saud Z Shaikhhttp://www.blogger.com/profile/03102787671794771622noreply@blogger.com0