Unit 09 / Entrepreneurship And Small Business

Management
(ESBM)
BM 33
The conclusion

Even though it may be challenging to define business development succinctly, by employing a

functional notion, it is simple to comprehend. Successful business development requires a variety of
talents, including an open mentality, the ability to tolerate failures, and the desire to conduct an
honest and realistic self-evaluation. The outcomes matter more than the inspiration,
implementation, and execution of a business growth idea.

To get the finest results, the smartest brains in company growth should be prepared to adapt to a
change. Every clearance or rejection serves as a teaching opportunity that better equips these
experts for the upcoming challenge. Final Verdict

Although it may be challenging to sum up business development in a few words, employing a

working notion makes it simple to understand. A few of the abilities required for effective business
development include an open mentality, readiness for an honest and realistic self-assessment, and
the capacity to tolerate failures. The outcomes of a business development idea are more important
than its conception, implementation, and execution.

The best outcomes should be attained by the brightest minds in business growth who are prepared
to adapt to a change. Each endorsement or rejection is an opportunity for learning that better
equips these experts for the upcoming challenge.

NILAKSHAN RAJASEKARAN / KBM322111 1|Page