Corporate development is the process of identifying, and then maximizing opportunities for business in order to increase sales. It could involve anything from acquiring competitors to cooperating with other companies in joint ventures. This type of function is usually not part of the traditional departments of accounting/finance, logistics/supply chains, human resource management or control.
Corporate development departments must possess excellent interpersonal and business model capabilities. They should be able to quickly and effectively assess the possibility of a deal and make sound decisions. It is also crucial for the corporate development team to communicate effectively and collaborate with other departments within the company.
Often, the goal of corporate development is to grow the company through mergers and acquisitions (M&A). The M&A process can be complex and requires https://datenraume.ch/the-honest-overview-of-the-aprio-board-software-features-and-benefits/ a lot of analysis and research. The corporate development team has to be able to recognize the right companies to determine whether the acquisition is suitable.
There are a variety of ways you can structure a corporate development team starting from a single centralized unit to a decentralized model where the business picks the right members to meet the needs of each situation. The team is typically comprised up of finance and business professionals. A strong mix of skills is essential to ensure that deals are procured effectively and in conformity with the company’s goals.
Corporate development executives with a business or financial background are more likely to succeed. They must be able to comprehend and align technological, strategic, and goals for the product and financial goals. This can be a challenge for those with a more an academic background in marketing however it is an essential capability when it comes down to M&As.