Definition, Meaning & Synonyms

biz-dev

noun

biz-dev

Definition

Biz-dev is a shorthand term for business development, which involves the strategies and activities aimed at growing a business, increasing its revenues, expanding its market reach, and creating long-term value.

Examples

Many startups focus heavily on biz-dev to secure funding and build partnerships.
Effective biz-dev strategies can significantly enhance a company’s growth trajectory.
His role in the company revolves around leading biz-dev initiatives.

Meaning

Business development encompasses a wide range of tasks and processes focused on strengthening a business’s market position. It involves building relationships, identifying opportunities, and crafting strategic partnerships.