Extended NAICS Code 561499-02 - Business Development
Extended NAICS Code 561499-02 Description (NAICS 8-digit)
Business Development is a specialized industry that focuses on identifying and creating new business opportunities for companies. It involves analyzing market trends, identifying potential clients, and developing strategies to increase revenue and profitability. Business Development professionals work closely with sales, marketing, and product development teams to ensure that the company's products and services meet the needs of its target market. They also build and maintain relationships with key stakeholders, including customers, suppliers, and partners, to ensure that the company remains competitive in its industry.
Hierarchy Navigation for Extended NAICS Code 561499-02
Parent Code (less specific)
Tools
- Customer Relationship Management (CRM) software
- Market research tools
- Sales automation software
- Business intelligence software
- Social media management tools
- Email marketing software
- Project management software
- Data analytics tools
- Lead generation tools
- Networking tools
Industry Examples of Business Development
- Market research and analysis
- Sales strategy development
- Partnership and alliance building
- Product development and launch
- Branding and marketing
- Customer acquisition and retention
- Competitive analysis
- Pricing strategy
- Contract negotiation
- Revenue forecasting
Extended NAICS Code 561499-02 - Business Development
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