Corporate development is the process of identifying and utilizing opportunities for business with the aim of increasing sales. It could include anything from acquiring competitors, to collaborating with other companies in joint ventures. This type of function is usually not part of the traditional departments of accounting/finance, supply chains/logistics, or controlling/human resource.

Corporate development departments must have excellent interpersonal and business model skills. They must be able quickly and efficiently assess a potential deal or project and make sound decisions. The corporate development team must also be able to communicate effectively with other departments in the company and work together.

The goal of corporate growth is usually to grow the company by acquiring and merging (M&A). M&A is a nitty-gritty procedure that requires a lot of research and analyses. The corporate development team must be able to identify the best companies for each M&A opportunity and determine if the deal is a good match.

There are many ways to structure a corporate development team starting from a centralized unit to a system where the business chooses the right members for each situation. It is common for the team to consist of finance and business professionals. Having a strong mix of knowledge and skills is essential as it allows for effective source of deals that align with https://datenraume.ch/the-honest-overview-of-the-aprio-board-software-features-and-benefits/ the company’s goals for growth.

The most successful corporate development executives have a background in finance or business as they must be able to understand and align the technological, strategic and product goals with the financial objectives of the company. This can be difficult for those who have a marketing background but is a crucial skill when it comes to M&As.