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business development

[ˈbɪznəs dɪˈveləpmənt]
noun
desenvolvimento de negócios
1. The process of identifying and pursuing opportunities to expand a company's market share, revenue, and profitability
The business development team is exploring new markets in Southeast Asia.
O time de desenvolvimento de negócios está explorando novos mercados no Sudeste Asiático.
2. Activities focused on creating and maintaining strategic partnerships, new customer relationships, and market expansion
Her role in business development involves negotiating contracts with potential clients.
Seu papel no desenvolvimento de negócios envolve negociar contratos com clientes em potencial.
3. The department or function responsible for growth initiatives and new business opportunities
We hired a new director for the business development department.
Contratamos um novo diretor para o departamento de desenvolvimento de negócios.
Synonyms
business growthmarket expansionstrategic growthcorporate developmentexpansion strategy
Antonyms
business contractionmarket declinedownsizing

Regional Variations

General Brazilian
desenvolvimento de negócios
Most common usage in Brazilian corporate environment
São Paulo
desenvolvimento de negócios / BD
Often abbreviated as 'BD' in major business hubs
Portugal
desenvolvimento empresarial
Alternative preferred term in Portuguese Portugal

Related Idioms & Phrases

grow the business
expand market share
build strategic partnerships
capture new opportunities
scale the company
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