Definition:Biz Dev (Business Development) refers to the activities and strategies aimed at growing a business by identifying and creating new opportunities for revenue, partnerships, and market expansion. This often involves building relationships, exploring new markets, negotiating deals, and enhancing the company’s overall strategic position.
Use It In a Sentence: The company’s biz dev team focused on forging strategic partnerships and exploring new market segments to drive long-term growth and increase revenue.
More Definitions: KPI Definition, Buyer Persona Definition, ROI Definition, Upselling Definition, Hardware Wallet Definition, Minimal Lovable Product (MLP) Definition, Net Promoter Score (NPS) Definition, ABC Always Be Closing, Coffee Is for Closers
Useful Posts: The Most Common Beginner Sales & Marketing Error: One and Done Meaning | Defining Your Bank Marketing Strategy
