Is business development a corporate strategy?
Is business development a corporate strategy? First, what's the difference between the two? Corporate strategy groups are like an internal consulting group, they advise senior leadership on various strategic initiatives. Corporate development, covered extensively here, is best described as an internal M&A team. What is meant by corporate development? Corporate Development (Corp Dev) is the group at a corporation responsible for strategic decisions to grow and restructure its business, establish strategic partnerships, and/or achieve organizational excellence. What is the role of business development? In the simplest terms, business development can be summarized as the ideas, initiatives, and activities that help...