Business Development and Diligence

Business development entails tasks and processes to develop and implement growth opportunities within and between organizations. It is a subset of the fields of business, commerce and organizational development. Business development is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization 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 meeting with targeted organizations or enabling organizations to determine if there are creative approaches to improve one or more businesses. In addition, reputation building has also proven to help facilitate business development.