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What Is Business Development?

The 5% Institute

In today’s highly competitive world, businesses must adopt effective strategies to remain relevant and thrive in the market. Business development plays a crucial role in achieving this goal by focusing on discovering new markets, building strategic partnerships, and improving customer relationships.

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Why Growth Hacking Doesn’t Scale, And How To Plan For Growth Instead

Sales Hacker

In 2015 Randy had kept pace with the growth in the market. Competitors were increasing their market share and Randy was falling behind. FIND PRODUCT MARKET FIT. Pursue new accounts for example from SMB to Mid Market to Enterprise. Randy was let go in July. However, the growth accelerated substantially in 2016.

Growth 94
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10 Lessons From Small Businesses That Survived the Great Recession

Hubspot

Some of our respondents found that a recession was a good time to make a strategic acquisition. Don't be afraid to reach out to competitors that are struggling to try to purchase their market share,” said Michael Moore of TJM Promos, Inc. , a marketing company that was started in 2004. Others echoed this sentiment.