One of the major responsibilities for vice presidents of business development is developing and executing company sales and marketing plans, including implementing new ideas and tools for the company. They provide direction and planning for the company and oversee the workings of the company. A vice president of business development must work closely with a team of salespeople, management and lower-level employees.Vice presidents of development must secure contracts with new customers, as well as manage ongoing contracts. They also write proposals for new and existing clients, identify and set company goals, and create plans to achieve goals. Vice presidents of development must develop and maintain a network of contacts within and outside of the company. These professionals generally work a standard 40-hour week during business hours in an office setting, although they may travel for business occasionally.Vice presidents of development typically are required to have a bachelor’s degree in a relevant field such as business administration or marketing; an MBA is preferable. Several years of management experience is preferred. Vice presidents of development also must be collaborative individuals with strong interpersonal skills. They must be motivated, ambitious and possess exceptional communication skills, both written and verbal. Strong negotiation skills are also required, and they must be analytical problem solvers. They must have demonstrated leadership ability and a well-rounded knowledge of the company in order to effectively carry out their duties.

The job role of Vice President (VP), Business Development in Canada is projected to experience steady growth in the market. A 10-year analysis of the job role indicates an increasing demand and relevance in various industries and sectors. This growth is driven by the need for strategic planning, market expansion, and revenue generation. With the evolving business landscape, the VP, Business Development role is expected to offer a significant number of employment opportunities in the future. The latest data from Google confirms the positive trajectory of this position, making it a promising career path for professionals in Canada.

How to Learn

As a Vice President VP, Business Development with 6-9 years of experience in Canada, your main responsibilities include:<ul><li> Lead strategic planning and execution of business development initiatives to drive growth and expansion. Develop and implement comprehensive strategies to identify and pursue new business opportunities. Foster relationships with key stakeholders, clients, and partners to enhance business prospects.</li><li> Oversee the sales process and manage a team of sales professionals. Set sales targets and objectives, monitor performance, and provide guidance and support to achieve goals. Collaborate with cross-functional teams to align sales efforts with overall business objectives.</li><li> Conduct market research and analysis to identify market trends, competitive landscapes, and customer needs. Utilize data and insights to make informed business decisions and drive market positioning strategies. Identify potential business partnerships, alliances, and acquisitions to strengthen market presence.</li><li> Drive revenue generation and financial performance through effective negotiation and contract management.</li></ul>

Roles & Responsibilities

Average take home Salary for a Vice President (VP), Business Development in Canada is around $100976 per year

Salary Breakup

A VP of Business Development is accountable for ensuring that the company's profitability and growth are maximized by identifying opportunities for strategic growth as well as establishing partnerships and increasing market share. They collaborate together with executives to create and implement strategies for business that are in line with the company's objectives. The Vice President for Business Development takes the lead in analyzing trends in the market and identifying business opportunities and directing the key stakeholder. With their strong leadership and business acumen they are able to drive the development of new ideas and increase revenue for the company.

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Vice President (VP), Business Development

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