Fundamental Prepositions of BDM :
Nov09
(Distributed Part I, II & III)
Part I : Basically- in a simple way- the role of a Business Development Manager- BDM are into 3 fields:
Building brand Image of the Company through exhibition and seminars
Developing trade channels and business portals
identifying new market/new product/new molecule
Business development and making your organization successful is reliant on good knowledge of best practice and management theories.
Business development management involves asking yourself some searching questions. Are you prepared to change to realize the vision created by your Business Development Strategy?
- Business & Development Configurations.
- Business Development & Marketing Tooling for Company Orientation.
- Business Development & Sales Evaluation/ Sales Generations/ Relationship Networks.
- Business management & development Management —- Parallel study & Equilibrium.
- Proactive Predications/ Communication/ Negotiations/ Team Developments/ Quality Assurance.
- Customer Enhancement/ Revenue Increase Planning & Achievements.
***********************************
PART II : Values/expectations of the
Sales Organization & The selling process:
The columns compare traditional old-style selling versus modern developed selling ideas.
Traditional Selling |
Modern Development Selling |
Typical 1960s-80s selling and still found today. |
Essential to sustain successful business today. |
standard product |
customized, flexible, tailored product and service |
sales function performed by a ‘sales-person’ |
sales function performed by a ‘strategic business manager’ |
seller has product knowledge |
seller has strategic knowledge of customer’s market-place and knows all implications and opportunities resulting from product/service supply relating to customer’s market-place |
delivery service and supporting information and training are typical added value aspects of supply |
strategic interpretation of the customer organization’s market opportunities, and assistance with project evaluation and decision-making are added value aspects of supply |
good lead-time is a competitive advantage |
just-in-time (JIT) is taken for granted, as are mutual planning and scheduling; competitive advantages are: capability to anticipate unpredictable requirements, and assistance with strategic planning and market development |
value is represented and judged according to selling price |
value is assessed according to the cost to the customer, plus non-financial implications with respect to CSR (corporate social responsibility), environment, ethics, and corporate culture |
the benefits and competitive strengths of the products or service are almost entirely tangible, and intangibles are rarely considered or emphasized |
the benefits and competitive strengths of the product or service now include many significant intangibles, and the onus is on the selling organization to quantify their value |
benefits of supply extend to products and services only |
benefits of supply extend way beyond products and services, to relationship, continuity, and any assistance that the selling organization can provide to the customer to enable an improvement for their staff, customers, reputation and performance in all respects |
selling price is cost plus profit margin, and customers have no access to cost and margin information |
selling price is market driven (essentially supply and demand), although certain customers may insist on access to cost and margin information |
seller knows the business customers’ needs |
seller knows the needs of the business customers’ customers and partners and suppliers |
sales person sells (customers only deal with sales people, pre-sale) |
whole organization sells (customers expect to be able to deal with anybody in supplier organization, pre-sale) |
sales people only sell externally, i.e., to customers |
sales people need to be able to sell internally to their own organization, in order to ensure customer needs are met |
strategic emphasis is on new business growth (ie, acquiring new customers) |
strategic emphasis is on customer retention and increasing business to those customers (although new business is still sought) |
buying and selling is a function, with people distinctly responsible for each discipline within selling and customer organizations |
buying and selling is a process, in which many people with differing jobs are involved in both selling and customer organizations |
hierarchical multi-level management structures exist in selling and customer organizations |
management structures are flat, with few management layers |
authority of sales person is minimal, flexibility to negotiate is minimal, approvals must be sought via management channels and levels for exceptions |
authority of sales person is high (subject to experience), negotiation flexibility exists, and exceptions are dealt with quickly and directly by involving the relevant people irrespective of grade |
selling and buying organization are divided strictly according to function and department, inter-departmental communications must go up and down the management structures |
selling organization is structured in a matrix allowing for functional efficiency and also for inter-functional collaboration required for effective customer service, all supply chain processes, and communications |
supplier and customer organization functions tend to talk to their ‘opposite numbers’ in the other organization |
open communications to, from and across all functions between supplier and customer organization |
the customer specifies and identifies product and service requirements |
the selling organization must be capable of specifying and identifying product and service requirements on behalf of the customer |
the customer’s buyer function researches and justifies the customer organization’s needs |
the selling organization must be capable of researching and justifying customer organization’s needs, on behalf of the customer |
the customer’s buyer probably does not appreciate his/her organization’s wider strategic implications and opportunities in relation to the seller’s product or service, and there will be no discussion with the seller about this issues |
the seller will help the buyer to understand the wider strategic implications and opportunities in relation to the seller’s product or service |
the buyer will tell the seller what the buying or supplier-selection process is |
the seller will help the buyer to understand and align the many and various criteria within their own (customer) organization, so that the customer organization can assess the strategic implications of the supplier’s products or services, and make an appropriate decision whether to buy or not |
Nowadays, more is demanded from the selling process by consumers, professional buyers and organizations choosing their suppliers. The analysis below refers both to the development in recent decades of what customers require from the selling function.
**************************************
PART III : The Development of the Selling Function :
1. Pure TransactionSince time began. Pure transaction is effectively one step removed from stone-age barter. |
Basic selling. Standard commoditized products, price and reliability – there is little to build on, business may be spasmodic, hand-to-mouth and unpredictable. There is no relationship other than the transaction. |
2. Relationship &TrustSince the beginning of selling as a profession, popularized by Dale Carnegie, among others, early-mid 1900s |
Continuity, consistency, sustainability, and some understanding of the customer’s real issues are seen to have a value by both selling and buying organization. Intangibles such as continuity on communications and contacts, matched styles of trading, mutual flexibility and adaptability, are regarded as relevant benefits by the customer, which can justify a price premium, and therefore offer protection against ‘cheaper’ competitors, and build loyalty to supplier. |
3. Management & InformationOperated instinctively in isolated examples in business relationships for centuries, but not generally seen in selling methodology, sales training and strategic application until the 1960s-1970s. |
The provision of management and information support by seller to buying organization, and the exchange and cooperation in these areas represent a significant increase in depth and effectiveness of selling relationships. A longer-term supply arrangement – a requirement for and outcome of this level of selling – is seen as an advantage by seller and buyer, because it brings extra intangible benefits of co-operation and support other areas of the customer’s business, e.g., training, technology, product development – which improve the customer’s own competitive strengths and operating efficiencies. The supplier is seen as part of the team, and is likely to be more involved in some of the customer’s own internal systems, meetings, planning, etc. |
4. PartnershipA sophisticated open approach to selling which mainly first developed in the 1980s, probably in response to the increasing complexity of business relationships, technology, global markets, etc., and the increasingly fast pace of change. Organizations could be more effective and adaptable by devolving operating responsibilities to suppliers. Very different to merely buying and selling products and services. |
The activities of the buying and selling organization become almost seamless wherever they are connected; the supplier is virtually part of the customer’s organization and treated as such. ‘Out-sourcing’ generally requires this degree of collaboration, which involves a level anticipation, innovation and integrated support that is very difficult to un-pick, even if it were in the customer’s interests to do so. Partnership level selling is not a legal or contractual arrangement; it describes the relationship, which operates virtually as a formal partnership would do. There is typically an enormous depth of understanding and cooperation which is not written down or detailed in a contract. Partnership selling relationships generally need time to develop – probably between 1-3 years depending on the size and complexity of the seller and buyer organizations. |
5. Education & Enablement2000 and beyond. The dimensions, scope and impact of this new type of selling are not yet fully developed and defined. There are signs however that the sellers who can give most to their customers – especially in areas that the customers didn’t even know they had a need or an opportunity – will be the most successful. |
The educational and ‘giving’ activities of the selling organization extend the aspects of anticipation and information found in the partnership level. Also incorporated are aspects of facilitative and enabling support, which are for example well represented by Sharon Drew Morgan’s ‘Buying Facilitation‘ methodology. The seller gives to the customer any and all help it can reasonably offer as might improve the customer’s understanding, interpretation and commercial development of issues relating to the supply area.
This is a hugely sophisticated level of selling which was difficult to see anywhere in the last century. Sellers and selling organizations take the role of teacher, guide, mentor, enabler; which can influence and help customers far beyond commercial and financial outcomes, into previously unimagined strategic business development and considerable change. Internet organizations such as Google are examples of this sort of selling, which at its best can actually give more than it takes. |
**************************************
General Over View: – Main Structure of above preposition Business Development Management/ Manager:
- Ø Business Development Manager; Responsibilities, Roles & Manipulations.
- Ø Business Development Analysists —- The Manager.
- Ø Successful Business Development; Business Development Services.
- Ø Business Development Keys.
- Ø Business Development Planning/ Strategies.
- Ø Fundamental preposition of BDM.
- Ø Selling Process, Comparison…….. Up dated Version.
- Ø Values, Quantity & Quality —— Finally as Money Making.
***********************************
May 19th, 2019 at 7:06 pm
It’s really a great and helpful piece of information. I am glad that you shared this helpful information with us. Please keep us informed like this. Thanks for sharing.
December 22nd, 2020 at 12:46 pm
Valuable material, Regards!
Best Essay writing
Practice Essay Writing Prompts https://servicesdigitalwriters.com/essay-writing-a-visit-to-a-museum.html
December 22nd, 2020 at 1:22 pm
Poinbt certainly utilized.!
Best Essay writing
Essay writing service uk https://writinessayideas.com/rules.for.writing.an.essay.html
December 22nd, 2020 at 4:09 pm
Amazing tons of terrific material.
Beest Essay writing
Writing persuasive essay lesson plan https://studiowritingservices.com/urgent-essay-writing-service.html
December 22nd, 2020 at 4:46 pm
Useful information With thanks!
Best Essay writing
Best Essay Writing Service https://yescheapessaywriting.com/scope.in.essay.writing.html
December 22nd, 2020 at 4:59 pm
Truly all kinds of valuable knowledge!
Best Essay writing
Connectors for essay writing https://foracademicwriting.com/confidence-essay-writing.html
December 22nd, 2020 at 5:55 pm
Superb content, Cheers.
Best Essay writing
Essay Architect Writing System https://topessaystore.com/restaurant.essay.writing.html
December 22nd, 2020 at 7:27 pm
With thanks! I enjoy it!
Best Essay writing
Order Essay Writing https://goodenglishessaywriting.com/essay-writing-village-life.html
January 6th, 2021 at 3:20 am
Whoa a lot of helpful material.
paperwriting service
paper writing service https://fastpaperwritingservice.com/
January 6th, 2021 at 9:41 pm
Youu made your position extremely effectively!!
write my paper forr me
writing service https://expertspaperwritingservices.com/
January 7th, 2021 at 1:46 am
You said it adequately.!
paper writing service
paper writing service https://nicewritemypaper.com/
January 7th, 2021 at 2:08 am
Cheers! I enjoy it!
write my paper
write my paper https://qualitywritingpaper.com/
January 7th, 2021 at 4:58 am
Many thanks. Great information.
help me with my essay
help me with my essay https://findwritemyessay.com/
January 7th, 2021 at 5:39 am
Valuable info, Cheers.
essay writer service
essay writer service https://goodtheessaywriter.com/
January 7th, 2021 at 7:57 am
Cheers, I like it.
essay writers
essay writers https://essaywriterresearch.com/
January 7th, 2021 at 11:35 am
You actually stated that very well.
essay writing services
essay writing services https://niceonlineessayservicec.com/
January 7th, 2021 at 12:09 pm
Awesome material, Thanks a lot.
paper writing services
essays writing services https://webtheessaywriter.com/
January 10th, 2021 at 4:05 am
Thanks for the advice on credit repair on this excellent site. Some tips i would tell people should be to give up this mentality that they may buy currently and fork out later. Being a society many of us tend to make this happen for many issues. This includes vacation trips, furniture, along with items we’d like. However, you’ll want to separate your current wants out of the needs. If you are working to boost your credit score actually you need some trade-offs. For example you’ll be able to shop online to save cash or you can look at second hand merchants instead of high-priced department stores pertaining to clothing.
January 15th, 2021 at 3:18 pm
Excellent pieces. Keep writing such kind of
info on your blog. Im really impressed by your blog.
Helklo there, You’ve done a great job. I’ll ceertainly digg it andd for my part suggest to my friends.
I am sure they’ll be benefited from this web site.
https://www.patreon.com/posts/44844792
legal esssay writing service
legal essay writing service https://thornieardf2uguj.medium.com/persuasive-essay-topics-d13943de9e5a
January 17th, 2021 at 8:48 pm
I was curious if you ever considered chbanging the structure of your website?
Its very well written; I loove what ouve got to say. But maybe you could a little more
in the way of content so people could connect with it
better. Youve got an awful lot of text for only having 1 or twoo pictures.
Maybe you could spoace it out better?
https://gogoodgogog.com/
scholarship essay writing service
scholarship essay writing service https://gogoodgogog.com/
January 27th, 2021 at 11:22 pm
Thank you for each of your labor on this web page. Betty really likes going through investigation and it’s obvious why. A lot of people know all of the dynamic method you render valuable suggestions via this blog and therefore inspire participation from some other people on the issue then our girl has been becoming educated a lot of things. Take pleasure in the rest of the year. You’re performing a wonderful job.