Vice President (VP), Business Development

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.

As a Vice President VP, Business Development in Singapore with 9+ years of experience, your main responsibilities include:

• Develop and execute strategic plans to drive business growth, identify new market opportunities, and foster client relationships.
• Lead and manage a high-performing business development team, setting performance objectives, providing guidance, and conducting regular performance reviews.
• Conduct market research and analysis to identify industry trends, competitor activities, and potential partnerships or acquisitions.
• Collaborate with cross-functional teams, including sales, marketing, and product development, to create and implement strategies that align with the company's overall growth objectives.

For a Vice President (VP), Business Development job role, the following qualifications are required:

• Strong strategic thinking and planning skills to identify new business opportunities, analyze market trends, and develop effective business development strategies.
• Proven track record of successfully driving revenue growth and achieving sales targets in a business development or sales leadership role.
• Exceptional communication and negotiation skills to build and maintain relationships with key stakeholders, including clients, partners, and internal teams.
• Leadership qualities to lead and inspire a team of business development professionals, providing guidance, mentorship, and support to achieve organizational objectives.

The Vice President VP, Business Development role requires a minimum of 9+ years of experience in Singapore. However, professionals in this field can explore various alternative roles with similar skill sets. Here are following alternative positions to consider:

• Senior Sales Manager: A role that focuses on driving sales and developing long-term strategies to increase revenue and market share.
• Strategic Partnerships Manager: A position centered around identifying and cultivating strategic partnerships to enhance business opportunities and expand the company's reach.
• Corporate Strategy Manager: A role involving the development and execution of strategic plans to achieve business growth, enhance competitiveness, and capitalize on market trends.
• Marketing Director: A position responsible for overseeing marketing initiatives, brand development, and customer acquisition strategies to drive business growth and achieve marketing objectives.

The role of Vice President (VP) in Business Development in Singapore is projected to experience substantial growth in the market. Over the past 10 years, this job role has witnessed a consistent increase in demand and relevance. The dynamic nature of the Singaporean market indicates a positive trajectory for this position. As companies continue to expand and invest in the region, the need for experienced business development professionals at the executive level will rise. Consequently, there will be numerous employment opportunities available for individuals aspiring to secure VP roles in business development in Singapore.