Executive Vice President Business Development Job Description Template
As the Executive Vice President of Business Development, you will lead the business development initiatives to support the company's growth objectives. You will be tasked with identifying new business opportunities, building and maintaining key customer relationships, and driving revenue through strategic partnerships and new market ventures.
Responsibilities
- Develop and execute the company's business development strategy.
- Identify and pursue new business opportunities and markets.
- Build and maintain relationships with key stakeholders and partners.
- Collaborate with the executive team to align business development initiatives with overall company goals.
- Lead, mentor, and manage the business development team.
- Monitor market trends and competitor activities to inform strategic decisions.
- Negotiate and close high-value deals and partnerships.
- Prepare and present business development reports to the board of directors.
Qualifications
- Bachelor's degree in Business, Marketing, or a related field; MBA preferred.
- 15+ years of experience in business development, sales, or a related field.
- Proven track record of leading successful business initiatives and achieving revenue targets.
- Strong leadership and managerial skills.
- Excellent negotiation and communication skills.
- Ability to build and maintain relationships with key stakeholders.
Skills
- Strategic planning
- Market analysis
- Negotiation
- Leadership
- Partnership development
- Sales strategy
- Financial acumen
- Networking
Frequently Asked Questions
An Executive Vice President of Business Development leads strategic partnerships and growth initiatives to enhance a company's market position. They oversee business development teams, identify and negotiate new market opportunities, and collaborate with various departments to align growth strategies with organizational goals. This role is crucial for driving revenue and ensuring company expansion.
To become an Executive Vice President of Business Development, individuals typically need a combination of advanced education and extensive experience. A bachelor's degree in business or related fields is essential, but a master's degree can be advantageous. Candidates often have 10-15 years of experience in business development, with proven leadership capabilities and a track record of successful strategic partnerships.
The average salary for an Executive Vice President of Business Development varies depending on factors like industry, company size, and location. Generally, these professionals earn a substantial income due to their high-level responsibilities. In some industries, executives may also receive performance bonuses and stock options, greatly enhancing their overall compensation package.
Qualifications for an Executive Vice President of Business Development typically include a bachelor's or master's degree in business administration, marketing, or a related field. Extensive experience in business development, strategic planning, and leadership is required, often with a background in building and maintaining high-level client relationships and successful negotiation of large-scale deals.
An Executive Vice President of Business Development must possess exceptional leadership, communication, and negotiation skills. They are responsible for directing growth strategies, building strategic partnerships, and leading cross-functional teams. Analytical skills and a deep understanding of market trends are vital, as they dictate the company's growth direction and financial success.