The Corporate Development Function

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

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

The main goal of corporate development is to grow the company through mergers and acquisitions (M&A). M&A is a complicated procedure that requires a lot of research and analyses. The corporate development team must be able to identify the best companies for each https://datenraume.ch/the-honest-overview-of-the-aprio-board-software-features-and-benefits/ M&A opportunity and assess whether the proposed transaction is a good fit.

There are several ways to organize a corporate development team starting from a centralized unit to a system that allows the business to select the appropriate members for each situation. The team is typically made up of business and finance professionals. Being able to mix expertise and experience is essential because it permits efficient sourcing of deals that align with the business’s goals for growth.

The most successful corporate development executives have an education in finance or business because they need to understand and align the technical, strategic and product goals with the financial objectives of the company. This can be challenging for those with more of an experience in marketing but it is a crucial skill when it comes to M&As.