What does a business development executive do?

An account executive is responsible for supporting existing clients, closing client deals, and developing sales strategies to increase the company's sales and satisfaction. An account executive must be competitive enough to keep up with the constant changes in the sales industry, including the high demands of digital marketing, a different approach to product advertising, effective negotiation, and presentation skills. An account executive also requires excellent communication skills for the successful acquisition of client accounts and immediately resolve possible complaints as they arise.

These skill sets are where the common ground ends though. The responsibilities of a business development executive are more likely to require skills like "client relationships," "cloud," "client facing," and "value proposition." On the other hand, a job as an account executive requires skills like "product knowledge," "powerpoint," "business sales," and "patients." As you can see, what employees do in each career varies considerably.

A director of sales & business development is responsible for monitoring the business and project plans, ensuring that the sales targets are met, according to project requirements and specifications. Directors of sales & business development perform data analysis to track business performance and identify opportunities to grow revenues and profits. They also coordinate with the clients and maintain healthy business relationships by enhancing their brand image on various platforms and reach the target audience. A director of sales & business development works closely with the marketing and sales team for public relations and marketing campaigns placement.

In addition to the difference in salary, there are some other key differences worth noting. For example, business development executive responsibilities are more likely to require skills like "digital transformation," "customer service," "client facing," and "lead generation." Meanwhile, a director of sales & business development has duties that require skills in areas such as "leveraged," "oil gas," "sales objectives," and "sales reps." These differences highlight just how different the day-to-day in each role looks.

Sales Development Managers oversee a specific function in the sales department. They are in charge of creating sales pitches, communication tools, and strategies to boost the company's sales performance. They may be assigned to do these activities for a specific product or service or for the whole product line of the organization. Sales Development Managers are also expected to create branding images that will help their sales strategies. They are required to fully understand the company's history, image, and target market. This will ensure that the branding and sales strategies they create are in line with the company's values.

There are many key differences between these two careers, including some of the skills required to perform responsibilities within each role. For example, a business development executive is likely to be skilled in "digital transformation," "client relationships," "cloud," and "client facing," while a typical sales development manager is skilled in "sdr," "training programs," "product knowledge," and "sales targets."

A vice president of business development is an individual who leads in the execution of business plans and provides new business strategies for an organization. Vice presidents of business development closely work with a team of salespeople, management, and lower-level employees to secure contracts with new customers and manage ongoing agreements. They often travel to participate in business conferences and meetings with vendors and suppliers. Vice presidents of business development must also possess a bachelor's degree in business administration or marketing.