How To Take Charge Of Your Own Leadership Development
SUMMARY
Business Development is the creation of long-term value for an organization for customers, markets, and relationships (Scott Pollack from Forbes, 2012). Can be simplified: All ideas, initiatives, activities to enhance the overall business. Business Development activities extend across different departments: Sales, Marketing, Project Management, Product Management, Vendor Management, Partnership, and cost-saving efforts. Company XYZ has a product or service that already well-known and successful in one region (i.e. Indonesia). As time goes by, their Business Development (BD) team assesses further expansion potential. They conduct a benchmarking and do a lot of research to some potential region. They also begin to define which region has the biggest potential and what are the action plans.
After all research and studies, BD team concluded to expand the business to Malaysia. The BD scenario discussed above is specific to a business expansion plan, whose impact can be felt by almost every unit of the business. There can be similar BD objectives, such as development of a new business line, new sales channel development, new product development, new partnership in existing / new marketing, and even merger / acquisition decisions. Think about Gojek and their acquisition decisions (Halodoc, Mapan, Midtrans, Kartuku, etc).
ABSTRACT
Kickstart your journey of self-development by being curious, networking, embarking on courses, and digesting as much relevant content as you can. Entrepreneurs have access to a great deal of free and cost-effective resources. For example, Founders Network is a membership support platform that provides access to advisers, in-depth content, and local events. Incubator initiatives that are fully funded and have been tailored to empower entrepreneurs at any stage are also helpful. Throughout your business journey, identify your skills and knowledge gaps so that you can continue to plan your learning, and your business growth, effectively. Consider how much you should play to your strengths or develop your weaknesses. You can build on the things you’re good at while bringing other people with you that fill your knowledge gaps and compliment your skillset. Building a team around you that shares your vision and values while diversifying your approach is crucial for effective problem-solving and business development. Build a network of peers at each stage of your business growth to match your size and scale. The aforementioned organizations and others like them are perfect for entrepreneurs, and so is YPO, the global leadership community of chief executives, for those meeting larger requirements around the number of staff, turnover figures, and investment secured.
Reference : https://www.fastcompany.com/90479030/how-to-take-charge-of-your-own-leadership-development?partner=rss&utm_source=rss&utm_medium=feed&utm_campaign=rss+fastcompany&utm_content=rss?cid=search