A measurement of achievements by humans through advancement of knowledge, biological changes, habit formation or other criteria that displays changes over time. With over 300 terms, our dictionary is designed to help you better understand the terms that you will come across daily while running your business. How to define business development linkedin learning. Whereas economic growth is a simple increase in aggregate output, joseph schumpeter 1942 in the theory of economic development argues that a higher quality growth trajectory can be achieved through innovation and entrepreneurship. Business development how is business development abbreviated. The merging of two university departments might lead to the development of a new curriculum. Business development can be taken to mean any activity by either a. Unit iv business combination meaning causes, objectives, types and forms mergers, takeovers and acquisitions. The application of techniques or technology to the production of new goods or services. Dictionary of business and management oxford reference. A stage where the firms product is still on research and development. Post development this perspective argues that development is not a good thing in this view development agencies and governments use doing good as an excuse to maintain power and control. Slow but steady approach without attempting a leap in which an already conceived end result is aimed for.
We have 250 other definitions for pdf in our acronym attic. The definition of business development service includes an array of business services such as training, consultancy, marketing, information, technology development and transfer, business linkage promotion, etc. Corporate development is mostly encountered in innovative companies that seek to deliver the best products and services to their customers while. Glossary of terminology and definitions for business and management. Scott found, what he calls, the grand unified theory of business development. Entrepreneurs dictionary to lay out a guide to business terminology for everyone in the startup game. Individuals and social movements are the agents of change.
The creation of products with new or different characteristics that offer new or additional benefits to the customer. Developmental definition, the act or process of developing. In essence, business development involves high level decisionmaking based on a realistic assessment of all potential changes and their impact. Economic development usually refers to the adoption of new.
Yet we lack an accepted definition of economic development. Business development is the creation of longterm value for an organization from customers, markets, and relationships. Unit i meaning and definition of business essentials. It is a subset of the fields of business, commerce and organizational theory. The official and ongoing educational activities within an organization designed to enhance the fulfillment and performance of employees. Development economics is a field of economics that examines economic development.
Economic development reference guide business climate business climate indicates how states state, regional and local policies, relationships and local communities support business development. Statement of attributes features and benefits that a new. Personal development plan definition human resources hr. Taking a strategyaspractice perspective as a background, we explore the daily activities of bd. The distinctive features of each dictionary are described, and definitions and. This social system encloses, besides the socalled economic factors, all noneconomic factors, including all sorts of consumption by various. Development is defined as the process of growth or new information or an event.
The cambridge dictionary has the following definition of the term. Pdf towards a definition of a business performance. The systematic use of scientific and technical knowledge to meet specific objectives or requirements. Businesses most often form after the development of a business plan, which is a. Business definition and meaning collins english dictionary. Basic business dictionaries compared rucore rutgers university.
This perspective on development is not necessarily related to intentional or good change. Development definition of development by medical dictionary. The business of constructing buildings or otherwise altering land for new uses. Business is work relating to the production, buying, and selling of goods or services. An archive of the latest dictionary lesson plans from our email service wordlink. Development definition, the act or process of developing. The act of developing or the state of being developed, as. Defining development by development i mean the movement upward of the entire social system, and i believe this is the only logically tenable definition. Corporate development refers to the strategic decisions of a firm that strives to achieve organizational excellence or restructure its business. Stock exchange chiefly to replace manual systems with electronic processes. This is only possible in nonlinear systems, since linear systems are by definition a. Written by a team of experts, it features the very latest terminology, for example, the recent vocabulary associated with structured finance and the associated.
Progress in an economy, or the qualitative measure of this. Development is the act of improving by expanding, enlarging, or refining. The productive forces at the disposal of society no longer tend to further the development of the conditions of bourgeois property. See the definition, listen to the word, then try to spell it correctly. Business development is an everevolving concept that can be approached from different perspectives. Development definition and meaning collins english. Conclude on the fact that development is an encompassing change and has winners and losers ict4d projects should consider the unintended consequences of the projects and not only on the intended objectives as change is a process, this definition of development tends to denote a process towards a desirable state in society. The literature on the concept of developmentwhether explicitly put forward or discussed by implication has to be examined in this broad perspective related to economics in general, rather than only in terms of development economics narrowly defined.
Top synonym for business development another word for business development is enterprise development. Definition of business development in the dictionary. Business development is the creation of longterm value for an organisation from customers, markets, and relationships. Development is the gradual growth or formation of something.
A business is defined as an organization or enterprising entity. Glossary of business terms adjective adj headwords for adjectives followed by information in square brackets only before a noun and not before a noun show any restrictions on where they can be used. Ultimately, a good business climate allows businesses to conduct their affairs with minimal interference while accessing quality high inputs. An example of development is emerging details about a local robbery. In development definition is in the process of being prepared, developed, or completed. Compilation of various business words along with their meaning. The term business development is thrown around in many organizations, but most people dont understand its role. Development definition of development by the free dictionary. In development definition of in development by merriam. At this period, little or no revenues are earned as the firm mostly incurs costs rather than making any sales. Information and translations of business development in the most comprehensive dictionary definitions resource on the web. The process in which an economy grows or changes and becomes more advanced, especially when both economic and social conditions are improved.
Finding scotts definition of business development was for me, as a business developer, a huge relief. Development involves empowering groups and individuals to make their own choices. Development definition is the act, process, or result of developing. Meeting with key customers on a regular basis to strengthen relationships and to obtain additional business. Product development may involve modification of an existing product or its. Development as an emergent property of an economic, social and political system. Indeed, in some cases development involves decline, crisis and other problematical situations but all of this can be accommodated within this wide perspective of socioeconomic change. Defining development development is simply defined as.
Business development bd is an often used, but not well defined, term in the business world. Development definition of development by merriamwebster. Development dictionary definition development defined. Development meaning in the cambridge english dictionary. Development as a process or course of change dynamic long term process of structural societal transformation shorttomedium term outcome of desirable targets dominant discourse of western modernity michael paul todaro development economist. Noun n the codes c and u show whether a noun, or a particular sense of a noun, is countable an agenda, two agendas or uncountable. At its basic level business development is defined as growing a business by making it more. In the simplest terms, business development can be summarized as the ideas, initiatives and activities aimed towards making a business better. One of the key lessons from complexity theory is that complex adaptive systems can have systemwide properties which do not correspond to the properties of individual components. Agile development method a type of business development which gets things moving. Oxford business dictionary teaching resources oxford. Business development synonyms and business development antonyms. Business collocations pdf 672 kb applying for a job pdf 361 kb income and. Business development entails tasks and processes to develop and implement growth opportunities within and between organizations.