As a business development executive in a baking ingredients company, your role would involve driving the growth and expansion of the company's business. Your primary responsibilities would include:
1. Market Research and Analysis: Conducting market research to identify potential customers, market trends, and competitors. Analyzing data and market insights to identify business opportunities and formulate effective strategies.
2. Business Strategy: Developing and implementing business strategies to expand the company's customer base and increase market share. This may involve identifying new product opportunities, exploring partnerships, and expanding into new geographical regions.
3. Sales and Client Management: Building and maintaining relationships with key clients, distributors, and retailers. Identifying potential customers and engaging in sales activities to promote the company's baking ingredients. Collaborating with the sales team to meet revenue targets.
4. New Business Development: Prospecting and acquiring new customers and business opportunities. This may involve lead generation, cold calling, attending industry events, and networking to build a strong pipeline of potential clients.
5. Negotiations and Contract Management: Negotiating contracts, pricing, and terms with customers, suppliers, and distributors. Ensuring that agreements align with the company's objectives and profitability targets.
6. Market Expansion: Identifying opportunities for market expansion and developing strategies to enter new markets. This may involve conducting feasibility studies, assessing market demand, and establishing distribution channels in new regions.
7. Cross-functional Collaboration: Collaborating with various internal departments, such as marketing, production, and R&D, to align business development efforts with overall company goals. Sharing market insights and customer feedback to support product development and improvement.
8. Reporting and Analysis: Monitoring and evaluating sales performance, market trends, and customer feedback. Generating reports and providing regular updates to the management team on business development activities, achievements, and challenges.
Overall, as a business development executive in a baking ingredients company, your objective is to identify growth opportunities, build strong relationships, and drive the company's sales and market expansion efforts in the baking industry.
