Business development managers are responsible for managing expectations and developing business solutions for their organizations. They are in charge of creating effective business plans to generate more revenue, increase brand loyalty, and improve customer satisfaction.Some of their main duties include brainstorming with other business development staff to define the scope of the project, review requirements, and approve timeframes. They work well with other company managers to oversee the progress of business development. However, these individuals have strong leadership skills to motivate staff members, and they come up with innovative solutions for day-to-day development issues. Their main duties include managing client accounts and executing sales objectives. These development managers work in an office environment and use a personal computer to write reports, review business processes, and communicate with staff. They are proficient with office applications to modify spreadsheets and use a word processor to create proposals. They complete research to evaluate products and identify competitors. They use statistics to reach company goals within a given timeframe.A bachelor's degree in business management, administration, or a related field is required for this job. Previous years of work experience in a business development managing capacity can be helpful. Business and leadership certifications are a plus.

The role of Business Development Manager in Hong Kong is projected to witness significant growth in the market. According to 10-year analysis of the job role, there has been a consistent increase in demand and opportunities for this position. With the thriving business environment and increasing globalization, companies are increasingly focusing on expanding their market reach, driving the need for skilled professionals in business development. As per the latest data points available with Google, the number of employment opportunities for Business Development Managers in the future is expected to rise steadily, presenting promising prospects for individuals in this field.

How to Learn

As a Business Development Manager with 3-6 years of experience in Hong Kong, your main responsibilities include:<ul><li> Identify and pursue new business opportunities, conduct market research, and analyze competitors to develop effective strategies for growth.</li><li> Build and maintain strong relationships with clients, understand their needs, and provide tailored solutions to meet their business objectives.</li><li> Collaborate with cross-functional teams to develop and implement sales and marketing strategies, including lead generation, proposal preparation, and contract negotiation.</li><li> Track and analyze sales performance metrics, prepare regular reports, and provide insights to senior management for informed decision-making.</li></ul>

Roles & Responsibilities

Average take home Salary for a Business Development Manager in Hong Kong is around $56246 per year

Salary Breakup

A Business Development Manager will be accountable in determining and implementing strategies to increase the company's client base and boost revenue. They are in charge of maintaining and building relationships with clients who are important to them and finding potential business growth opportunities. A Manager of Business Development Manager will also analyze the market and competition to determine the most effective strategy to increase the presence of the company on the market. They will work with other departments within the company to devise and implement efficient sales strategies and make sure that the growth objectives of the company are met.

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Business Development Manager

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