Find out the top 10 core skills you need to master as a manager of business development and new technology and what hard skills you need to know to succeed in this job.
The Manager of Business Development and New Technology is responsible for building market position by locating, developing, defining, negotiating and closing business relationships.
The principal duties of this role are improving hiring and retention in the company, identifying trendsetter concepts by researching industry and related performances, publications and announcements, locating and proposing potential business deals by contacting potential partners, tracking individual contributors and their accomplishments, screening potential business deals by analyzing market strategies, developing negotiating strategies and positions by studying integration of new venture with company strategies and operations, examining risks and potentials, estimating business partners needs and goals, protects organizations value by keeping information confidential.
Core Skills Required to be a Manager of Business Development and New Technology
Core skills describe a set of non-technical abilities, knowledge, and understanding that form the basis for successful participation in the workplace. Core skills enable employees to efficiently and professionally navigate the world of work and interact with others, as well as adapt and think critically to solve problems.
Core skills are often tagged onto job descriptions to find or attract employees with specific essential core values that enable the company to remain competitive, build relationships, and improve productivity.
A manager of business development and new technology should master the following 10 core skills to fulfill her job properly.
Inspiring others:
Inspiring is encouraging one to be their best in contributing to the vision of an organization where they are placed and entrusted to work.
A Manager of Business Development and New Technology must create a culture where the staff can use their professional prowess and aspire to be the best by giving them a clear vision and purpose through decisive leadership that motivates and inspires them.
Initiative:
An initiative is the ability to assess and initiate things independently often done without any managerial influence offered.
A Manager of Business Development and New Technology must train his workers to take up tasks without being asked to and work on them without being supervised to a quality that is accepted by the company, therefore nurturing a skill that grows the individual and the group as well.
Personal Accountability:
Personal Accountability is the feeling that you are entirely responsible for your actions and consequences taking ownership without blaming others.
A Manager of Business Development and New Technology should provide a list of duties and responsibilities that every employee is expected to perform and define timelines and supervisors who oversee the work to ensure each knows what she /he should do and remain accountable without passing blame.
Persuading Others:
Persuading others is making sure your best ideas get a fair hearing without manipulating others or using trickery.
A Manager of Business Development and New Technology needs to creatively learn how to introduce new ideas that will boost growth for the company without managing the staff or put them under pressure with more work but with manageable goals that the employees will delight working on and grow as they do.
Business Ethics:
Business Ethics is the ability to learn what is right and wrong in the world of business and choosing to do what is right at all times.
A Manager of Business Development and New Technology must emulate good business ethic that is essential for the long-term success of an organization by implementing an ethical program that will foster a thriving entrepreneurial culture while increasing profitability and personal maturity.
Business Trend Awareness:
Business Trend Awareness is the capacity to be conscious of the changing ways in which the companies are developing in the marketplace.
A Manager of Business Development and New Technology should have the required knowledge of new business trends that he can instigate or follow and the understanding of how they are impacting the business decisions which will eventually bring success to the employees as well as the enterprise
Intercultural Competence:
Intercultural Competence is the knowledge and skills to successfully interact with people from other ethnic, religious, cultural, national and geographic groups.
A Manager of Business Development and New Technology should have a high degree of intercultural competence that enables him to have successful interactions with people from different groups as well as train his employees to be sensitive to the cultural differences and be willing to modify their behavior as a sign of respect for each other.
Process Improvement:
Process Improvement is the creation of new processes or improving the existing ones that will work and take your corporation to the next level.
A Manager of Business Development and New Technology must maintain the continuous improvements in the workplace that are favorable to the current investors, potential investors, and stock owners while working with methods that can serve as a foundation for future business decisions causing a profitable growth.
Technology Savvy:
Technology Savvy is the introduction of the digital technology in the workplace as a strategy to make tasks run swiftly against doing them manually.
A Manager of Business Development and New Technology must ensure that the technology he introduces to the workplace integrated seamlessly with the workflow and empowers the users rather than complicates and damages the workflow making sure the employees are well prepared and not overwhelmed with the technology.
Technology Trend Awareness:
Technology Trend Awareness is staying updated with the useful upcoming trends that can serve your business better and easier.
A Manager of Business Development and New Technology must be able to look back at the setbacks and success of the company and consider new possibilities for the future by the use of technology looking for a better, faster, more practical approach that can make business more productive.
Hard Skills Required to be a Manager of Business Development and New Technology
Hard skills are job-specific skill sets, or expertise, that are teachable and whose presence can be tested through exams. While core skills are more difficult to quantify and less tangible, hard skills are quantifiable and more defined.
Hard skills are usually listed on an applicant's resume to help recruiters know the applicant's qualifications for the applied position. A recruiter, therefore, needs to review the applicant's resume and education to find out if he/she has the knowledge necessary to get the job done.
A manager of business development and new technology should have a good command of the following hard skills to succeed in her job.