Business Development Specialist Duties & Responsibilities

The role and function of a Business Development Specialist includes the following duties and responsibilities:

Analyzing and expanding business operations toward sustained growth.
Monitoring revenue streams and identifying opportunities to increase profitability.
Evaluating and improving sales, marketing, and branding strategies.
Identifying and developing new lines of business based on consumer behavior.
Negotiating and closing business deals that promote sustained revenue.
Liaising with Sales, Marketing, and Management to align strategies aimed at increasing revenue.
Assessing and advising on potential joint ventures, mergers, and acquisitions.
Performing competitor analysis toward obtaining an increased market share.
Developing client relationships and strengthening industry partnerships.
Identifying new clients by researching and creating networking opportunities.

Note that this is not an exhaustive list of Business Development Specialist duties and responsibilities. Job functions for specific Business Development Specialist roles may vary, depending on the industry and type of employer.

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