Vice President (VP), Business Development

One of the major responsibilities for vice presidents of business development is developing and executing company sales and marketing plans, including implementing new ideas and tools for the company. They provide direction and planning for the company and oversee the workings of the company. A vice president of business development must work closely with a team of salespeople, management and lower-level employees.

Vice presidents of development must secure contracts with new customers, as well as manage ongoing contracts. They also write proposals for new and existing clients, identify and set company goals, and create plans to achieve goals. Vice presidents of development must develop and maintain a network of contacts within and outside of the company. These professionals generally work a standard 40-hour week during business hours in an office setting, although they may travel for business occasionally.

Vice presidents of development typically are required to have a bachelor’s degree in a relevant field such as business administration or marketing; an MBA is preferable. Several years of management experience is preferred. Vice presidents of development also must be collaborative individuals with strong interpersonal skills. They must be motivated, ambitious and possess exceptional communication skills, both written and verbal. Strong negotiation skills are also required, and they must be analytical problem solvers. They must have demonstrated leadership ability and a well-rounded knowledge of the company in order to effectively carry out their duties.

As a Vice President VP, Business Development with 6-9 years of experience in Singapore, here are the main responsibilities:

• Identify and pursue strategic partnerships and business opportunities to expand the company's market reach and revenue streams.
• Lead the business development team in conducting market research, competitor analysis, and identifying potential target clients.
• Develop and implement sales strategies and initiatives to achieve business goals and targets.
• Build and maintain strong relationships with key stakeholders, clients, and industry influencers to drive business growth and establish the company as a market leader.

For a Vice President (VP), Business Development job role, the following qualifications are required:

• Strong strategic thinking and planning skills to identify new business opportunities, analyze market trends, and develop effective business development strategies.
• Proven track record of successfully driving revenue growth and achieving sales targets in a business development or sales leadership role.
• Exceptional communication and negotiation skills to build and maintain relationships with key stakeholders, including clients, partners, and internal teams.
• Leadership qualities to lead and inspire a team of business development professionals, providing guidance, mentorship, and support to achieve organizational objectives.

The role of Vice President VP, Business Development is crucial in driving growth and expanding market reach. With 6-9 years of experience in the Singapore business landscape, professionals in this role can explore various alternative positions. Here are following options to consider:

• Director of Strategic Partnerships: A role focused on building and nurturing key alliances with external partners to drive business opportunities and revenue growth.
• Regional Sales Manager: A position responsible for driving sales strategies and overseeing sales teams to achieve revenue targets within a specific geographic region.
• Product Manager: A role that involves managing the entire product lifecycle, including market research, product development, pricing, and go-to-market strategies.
• Account Manager: A position focused on maintaining relationships with existing clients, identifying upselling opportunities, and ensuring client satisfaction through excellent customer service.

The role of Vice President (VP) in Business Development in Singapore is projected to experience substantial growth in the market. Over the past 10 years, this job role has witnessed a consistent increase in demand and relevance. The dynamic nature of the Singaporean market indicates a positive trajectory for this position. As companies continue to expand and invest in the region, the need for experienced business development professionals at the executive level will rise. Consequently, there will be numerous employment opportunities available for individuals aspiring to secure VP roles in business development in Singapore.