The Corporate Development Function

Corporate development is responsible for discovering and utilizing opportunities for business with the goal of increasing sales. It can include everything from acquiring competitors, to collaborating with other companies in joint ventures. This function is usually outside the traditional accounting/finance department or supply chains/logistics, or controlling/human resource.

Corporate development departments need to have excellent interpersonal and business model abilities. They must be able quickly and effectively evaluate the potential project or deal and make good decisions. It is also essential for the corporate development team to communicate effectively and collaborate with other departments within the company.

The goal of corporate development is often to grow the company by acquiring and merging (M&A). The M&A process can be complex and requires a lot of research and analysis. The corporate development team has to be able to recognize the right companies to determine whether the deal is a good fit.

There are many ways to build a corporate development group, from a single, centralized unit to a decentralized model in which the business sources appropriate members to meet the needs of each situation. It is typical for the team to be comprised of both finance and business professionals. Having a strong mix of abilities https://datenraume.ch/the-honest-overview-of-the-aprio-board-software-features-and-benefits/ and experiences is essential since it allows for efficient acquisition of deals that align with the business’s goals for growth.

Corporate development executives who have a strong business or financial background are more likely to be successful. They must be able understand and align technical, strategic, and product goals and financial objectives. This isn’t easy for those with experience in marketing but is a crucial skill when it comes M&As.