Forecast of business potential in the subject area and implementation/execution for set targets versus achievement.

Question

Accepted Answer

The business potential in the subject area can be forecasted by analyzing market trends, customer needs, and competitor analysis. Implementation and execution for set targets can be achieved through strategic planning, effective communication, and continuous monitoring.

Analyze market trends to identify potential opportunities and threats
Conduct customer needs analysis to understand their requirements and preferences
Perform competitor analysis to identify strengths, weaknesses, and market positioning
Develop a strategic plan with clear objectives, strategies, and action plans
Communicate the targets and expectations to the team and stakeholders
Monitor progress regularly and make necessary adjustments to ensure target achievement

Accepted Answer

Analysis of the soft data collection, pitch them,set timeline to acheive,negotiate n pick the contract.

Forecast of business potential in the subject area and implementation/execution for set targets versus achievement.

Popular interview questions of Business Development Manager

Top HR questions asked in GATI-KWE Business Development Manager