What does a director of strategic business development do?
A director of strategic business development spearheads the operations that focus on creating and implementing strategies to optimize business operations. They liaise and build positive relationships with internal and external parties, conduct market research and analyses, set goals and guidelines, establish projects and programs, and oversee operations from planning to execution. Moreover, as a director of strategic business development, it is essential to lead employees while implementing the organizations' standards and policies for a smooth and efficient workflow.
Director of strategic business development responsibilities
Here are examples of responsibilities from real director of strategic business development resumes:
- Create ROI tools and lead the establishment of global pricing.
- Lead centralized, electronic referral center coordinating post-acute service needs of patients discharging from multiple acute facilities in Arizona region.
- Provide mergers and acquisitions due diligence/modeling analysis/management/valuation support.
- Provide mergers and acquisitions due diligence/modeling analysis/management/valuation support.
Director of strategic business development skills and personality traits
We calculated that 16% of Directors Of Strategic Business Development are proficient in Market Analysis, Cloud, and Strategic Business Development. They’re also known for soft skills such as Analytical skills, Communication skills, and Creativity.
We break down the percentage of Directors Of Strategic Business Development that have these skills listed on their resume here:
- Market Analysis, 16%
Conduct market analysis and interpret information from market studies and other data sources to establish clear justification supporting business development initiatives.
- Cloud, 15%
Developed the new Managed Cloud brand positioning, including Support SLA and High Traffic Event Program.
- Strategic Business Development, 12%
Worked closely with business units on strategic business development, draft MOU's, LOI's, and Statements of Work.
- Executive Management, 11%
Brief opportunity assessments to executive management and conduct follow-up activities as required/directed.
- Growth Strategies, 3%
Model and profile financial and operational ambulatory growth strategies.
- CRM, 2%
Charged to provide consulting on Global Channel Strategy & Development, Customer Relationship Management (CRM), and Sales Methodology.
Common skills that a director of strategic business development uses to do their job include "market analysis," "cloud," and "strategic business development." You can find details on the most important director of strategic business development responsibilities below.
Analytical skills. To carry out their duties, the most important skill for a director of strategic business development to have is analytical skills. Their role and responsibilities require that "advertising, promotions, and marketing managers must be able to analyze industry trends to determine the most promising strategies for their organization." Directors of strategic business development often use analytical skills in their day-to-day job, as shown by this real resume: "initiated and facilitated market development initiative via prospecting, lead generation and extensive market analysis. "
Communication skills. Many director of strategic business development duties rely on communication skills. "managers must be able to communicate effectively with a broad-based team made up of other managers or staff members during the advertising, promotions, and marketing process," so a director of strategic business development will need this skill often in their role. This resume example is just one of many ways director of strategic business development responsibilities rely on communication skills: "targeted vertical markets in the pharmaceutical, financial services, telecommunications, and healthcare industries. "
Creativity. Another skill that relates to the job responsibilities of directors of strategic business development is creativity. This skill is critical to many everyday director of strategic business development duties, as "advertising, promotions, and marketing managers must be able to generate new and imaginative ideas." This example from a resume shows how this skill is used: "top honors award-winning healthcare creative. "
Interpersonal skills. For certain director of strategic business development responsibilities to be completed, the job requires competence in "interpersonal skills." The day-to-day duties of a director of strategic business development rely on this skill, as "managers must deal with a range of people in different roles, both inside and outside the organization." For example, this snippet was taken directly from a resume about how this skill applies to what directors of strategic business development do: "utilize excellent communication, presentation, and interpersonal skills to establish strategic business relationships that increase/streamline processes needed to initiate/close sales. "
Organizational skills. Another crucial skill for a director of strategic business development to carry out their responsibilities is "organizational skills." A big part of what directors of strategic business development relies on this skill, since "advertising, promotions, and marketing managers must manage their time and budget efficiently while directing and motivating staff members." How this skill relates to director of strategic business development duties can be seen in an example from a director of strategic business development resume snippet: "evaluated new markets / verticals: market and competitive analysis, organizational fit, financial implications, and entry tactics. "
Most common director of strategic business development skills
The three companies that hire the most director of strategic business developments are:
- Samsung Electronics Device Solutions (Semiconductor & Display)4 directors of strategic business development jobs
- IDEX3 directors of strategic business development jobs
- Thermo Fisher Scientific3 directors of strategic business development jobs
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Compare different directors of strategic business development
Director of strategic business development vs. Planning director
Planning Directors are members of the executive team or the top management of a company. They oversee the company's plans and the strategies involved in reaching company goals. They manage the resources of the company by reviewing the budget and by overseeing human resources activities. They ensure that the company works toward its goals and that the company follows through with its plans. That being said, Planning Directors do not necessarily police the company's actions, especially if it deviates from the original plans. Instead, they steer the company towards the fulfillment of such plans. If the plan is no longer viable, they should be flexible enough to pursue new plans to achieve their goals still.
There are some key differences in the responsibilities of each position. For example, director of strategic business development responsibilities require skills like "market analysis," "cloud," "strategic business development," and "growth strategies." Meanwhile a typical planning director has skills in areas such as "project management," "business planning," "data analysis," and "strong project management." This difference in skills reveals the differences in what each career does.
Planning directors earn the highest salaries when working in the professional industry, with an average yearly salary of $135,601. On the other hand, directors of strategic business development are paid more in the hospitality industry with an average salary of $134,893.planning directors tend to reach similar levels of education than directors of strategic business development. In fact, planning directors are 2.1% less likely to graduate with a Master's Degree and 1.2% more likely to have a Doctoral Degree.Director of strategic business development vs. Global director
The duties of a global director will vary on one's line of work or company of employment. Typically, their responsibilities will revolve around overseeing and leading a diverse range of employees or departments, developing new strategies and programs for global markets, and ensuring that all products and services are inclusive and public friendly. Furthermore, as a director, it is essential to implement all policies and regulations, all while developing new ones to ensure the efficiency of the company and its services.
Each career also uses different skills, according to real director of strategic business development resumes. While director of strategic business development responsibilities can utilize skills like "market analysis," "strategic business development," "growth strategies," and "market trends," global directors use skills like "project management," "oversight," "continuous improvement," and "customer satisfaction."
Global directors may earn a higher salary than directors of strategic business development, but global directors earn the most pay in the automotive industry with an average salary of $162,077. On the other hand, directors of strategic business development receive higher pay in the hospitality industry, where they earn an average salary of $134,893.In general, global directors achieve similar levels of education than directors of strategic business development. They're 0.7% less likely to obtain a Master's Degree while being 1.2% more likely to earn a Doctoral Degree.Director of strategic business development vs. Senior director
Senior directors are the top management who manage the overall corporate structure of a brand. These executives take responsibility for the planning, operations, and profitability of the company. They direct and control all the functions of businesses. Their jobs cover the advertising, marketing, sales, and promotions of products and services. They are the people behind the tactical and strategic management of every asset of the enterprise through different programs.
Some important key differences between the two careers include a few of the skills necessary to fulfill the responsibilities of each. Some examples from director of strategic business development resumes include skills like "market analysis," "strategic business development," "growth strategies," and "post sales," whereas a senior director is more likely to list skills in "analytics," "patients," "portfolio," and "oversight. "
Senior directors earn the best pay in the pharmaceutical industry, where they command an average salary of $180,537. Directors of strategic business development earn the highest pay from the hospitality industry, with an average salary of $134,893.Most senior directors achieve a similar degree level compared to directors of strategic business development. For example, they're 3.1% less likely to graduate with a Master's Degree, and 3.0% less likely to earn a Doctoral Degree.Director of strategic business development vs. Group director
A group director is responsible for monitoring the operations of a specific team in an organization, ensuring that the group meets daily targets, providing the highest customer satisfaction for the company's services. Group directors work with senior management to identify business opportunities that would bring more revenues and increase the company's profitability. They also handle the department's budgets, allocating adequate resources for every team to support project deliverables. A group director must have excellent communication and leadership skills, analyzing business functions, and developing strategic ways to increase productivity.
Even though a few skill sets overlap between directors of strategic business development and group directors, there are some differences that are important to note. For one, a director of strategic business development might have more use for skills like "market analysis," "cloud," "strategic business development," and "growth strategies." Meanwhile, some responsibilities of group directors require skills like "oversight," "project management," "digital marketing," and "process improvement. "
In general, group directors earn the most working in the finance industry, with an average salary of $169,482. The highest-paying industry for a director of strategic business development is the hospitality industry.The average resume of group directors showed that they earn similar levels of education compared to directors of strategic business development. So much so that theyacirc;euro;trade;re 4.5% less likely to earn a Master's Degree and more likely to earn a Doctoral Degree by 1.7%.Types of director of strategic business development
Updated January 8, 2025
