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Over that time, the company has amassed a developer community of up to 125,000 people and now drives location services for companies including Uber and Airbnb. Foursquare was able to build a comprehensive collection of so-called “real” locations of venues, which may not be a precise latitude and longitude but rather a general region that existed in the minds of users, when it was still a consumer product. On top of that, it developed a series of developer tools that let developers easily access that data if they need a large data set of venues, locations, and information about them.
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Salary at the top: $255,600
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eBay announced plans to sell its classified-ads business to Norwegian rival Adevinta in a $9.2 billion transaction in June, which is expected to close early next quarter. Following the takeover, eBay will become Adevinta’s biggest shareholder. Director of payment business growth, with a top salary of $231,000, is another business development title listed on eBay.
Salary at the top: $240,000
Microsoft revealed plans to acquire ZeniMax Media and its games publisher Bethesda Softworks for $7.5 billion earlier this month, which is behind gaming franchises like “Fallout” and “The Elder Scrolls.”
The business was also bidding for the US operations of TikTok, a famous viral video app beset by geopolitical tensions and threatened with a ban by the Trump administration. After losing out on the deal, TikTok’s parent company, ByteDance, agreed to make Oracle and Walmart minority investors. A business development senior manager at Microsoft will earn up to $175,000 per year.
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The most difficult and dangerous way to generate new revenue is by new business growth. The aim is to make money with a new product or service, as well as a new business model, in a previously untapped market. In this blog post, you’ll learn what New Business Development entails and how it’s portrayed organizationally in reality.
When it comes to generating new sales, an organization has a lot of options. It can, for example, generate new revenue through a novel business model. A new product or service in a new form is being introduced to an increasingly crowded market. This can be seen in the ride-sharing branches of well-known car manufacturers. This type of sales rise, as shown by a Swiss dairy farmer, is also ideal for smaller farms. Rather than selling the milk, he rents out his cows, proceeds to care for them on his farm as usual, and gives the tenant a discount on the finished cheese. A organization aims to move its own technology to new areas of operation in new industries in a business innovation. In several cities, Uber, for example, not only transports people but also delivers food.
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Business growth is a series of plans and activities aimed at expanding a company through a combination of sales, marketing, and distribution. Although marketing traditionally uses technology to reach a larger audience, sales typically employs a one-to-one strategy. The job of business development is to generate distribution.
While you may be searching for a simple description of what business development is, you must recognize that it is a practice that is constantly evolving and has business growth as its primary engine. A good place to start in this context is to describe what business development is not.
In most larger corporations, Business Development is a mysterious title for a little-discussed role or department. It’s also a perfect way for a small business or entrepreneur to have fun, add value, and make money.
Good business planning enables companies to benefit from activities that are unrelated to their core goal. Often the benefit is so significant that it becomes part of their central goal, other times it serves to help the brand, and even other times it simply makes money. And, more often than not, it’s the little guy who will make things happen.