Senior Business Development Manager

A senior business development manager is primarily responsible for creating and maintaining strong relationships and making business decisions. A senior business development manager is very similar to a business manager, and this position exists in a variety of industries.

However, in all industries, many duties of senior business development managers are the same. They must plan ways to grow the business, identify areas of client needs, manage and participate in business negotiations, and approve and review other business decisions. Additionally, they may be expected to manage deadlines and delegate tasks to subordinates. They also may also be asked to analyze and monitor business growth and decline, as well as provide possible solutions and new ways to increase productivity and sales. Development managers should also be able to formulate short-term and long-term goals, as well as formulate plans to achieve both.

Senior business development managers frequently need a bachelor’s degree and, in most cases, a master's of business administration (MBA) is also expected. They should also have at least five years of experience in marketing, with an emphasis in business development, if possible. Additionally, managerial experience is helpful. Also, they should be able to work well with employees and build lasting relationships with clients, so good communication and interpersonal skills are necessary.

Senor business development managers may work overtime depending on projects' or their business' needs; travel is also very typical in this position, especially when negotiating with a client or supplier.

As a Senior Business Development Manager with 0-3 years of experience in Singapore, your main responsibilities include:

• Identify and pursue new business opportunities through market research and lead generation. Conduct research to identify potential business opportunities and proactively reach out to prospects to generate leads.
• Develop and maintain relationships with clients, understanding their needs, and providing tailored solutions. Build strong relationships with clients, understand their specific requirements, and offer customized solutions to meet their business needs.
• Collaborate with cross-functional teams to develop and implement strategic business plans. Work with teams across the organization to create and execute strategic business plans that align with company goals and objectives.
• Analyze market trends and competitor activities to identify potential risks and opportunities.

For a Senior Business Development Manager job role, the following qualifications are required:

• Demonstrated success in business development, including identifying new business opportunities, negotiating contracts, and closing deals.
• Ability to develop and execute a comprehensive business development strategy that aligns with the organization's goals and objectives.
• Proven ability to lead a team, provide guidance, and drive results in a dynamic and competitive business environment.
• Effective communication to build and maintain relationships with key stakeholders, clients, and partners, both internally and externally.

The Senior Business Development Manager plays a crucial role in driving growth and expanding business opportunities. For professionals with 0-3 years of experience in Singapore, there are several alternative roles to consider. Here are following options:

• Sales Executive: A position focused on generating leads, building relationships with clients, and closing deals to drive revenue.
• Marketing Coordinator: A role that involves developing and implementing marketing strategies, conducting market research, and coordinating promotional activities.
• Account Manager: A position focused on managing key client accounts, nurturing relationships, and identifying upselling opportunities.
• Product Manager: A role that involves overseeing the development and launch of new products, analyzing market trends, and conducting competitive research.

The role of Senior Business Development Manager in Singapore is projected to experience significant growth in the market. A 10-year analysis indicates that this job role will continue to grow steadily, fuelled by Singapore's flourishing business landscape. With the country's focus on attracting foreign investments and fostering innovation, employment opportunities for Senior Business Development Managers are expected to multiply in the future. These projections are supported by the growing number of startups, multinational corporations, and various industries in Singapore, as well as the government's efforts to create a conducive business environment.