1. Development is a comprehensive economic, social, political, and cultural process that aims at the improvement of the quality of life of all people and the full enjoyment of all fundamental freedoms and human rights without disntinction as to race, gender, religion, status, or political belief. It is though a genuine development that the full potentials of the human person and the whole human race can be fully realized. – UN Declaration of the Decade of Development.

2. Efficiency is doing things right. Effectiveness is doing the right things. Management is doing the right things right. – Unknown

3. An effective manager should be a good leader. A good leader should be an effective manager. – Unknown

4. Coming together is a beginning. Keeping together is progress. Working together is success. – Henry Ford

5. Be not disturbed at being misunderstood; be disturbed at not understanding. – Chinese Proverb

6. Difficulties are meant to rouse, not discourage. The human spirit is to grow strong by conflict. – Willian Ellery Channing

7. Conflict builds character. Crisis defines it. – Steven Thulon

8. Commitment in the face of conflict produces character. – Anonymous

9. It is through cooperation, rather than conflict, that your greatest successes will be derived. – Ralph Charell

10. When angry, it is best to keep silent. To speak at that moment is to regret what you say for the rest of your life. – Ismael D. Tabije

11. When angry, count to ten before you speak; if very angry, a hundred. – Thomas Jefferson

12. Control is neither good nor bad. Properly managed, it is absolutely vital. – Kenneth Kaye

13. Our lives are not dependent on whether or not we have conflict. It is what we do with conflict that makes the difference. – Thomas Crum

14. The harder the conflict, the more glorious the triumph. – Thomas Paine

15. Resolving conflict is rarely about who is right. It is about acknowledgment and appreciation of differences. – Thomas Crum

16. The number one goal of resolving a conflict is to make sure both sides maintain their self-esteem. – Anonymous

17. Teamwork is the ability to work together towards a common vision; the ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows common people to attain uncommon results. – Andrew Carnegie

18. Take care of your character and your reputation will take care of itself. – Unknown

There are numerous techniques used to grow an economic enterprise. These techniques include the assessment of marketing opportunities and the target Market. They also find ways to gather on information of the customers and competitors for business development. Mainly business development is known to raise the bottom line of the company. It is the job of the business development professional to look out for the right opportunities to sell a product or to launch some new product in the market.

Business development is often referred to be a family of marketing and sales. There is not just a single person doing this job but it is the responsibility of each and every employee to help as much as they could, the more the business becomes established and the more secure future they would have.

The prime objective of business development is to identify the new business opportunities. This means keeping a close eye on all the happenings in the company as well as a keen look on the market and on the competitors as well. It is the responsibility of the business development professional to alter the company’s policy as per the change in the market or the company itself.

The other thing a professional should keep in mind is to always think artistically and creatively and know everything about the company. At what point is it the strongest and which is the weakest point. How to launch the right products at the right time? And in which way he could improve the sales.

The professional must also work with making new business opportunities. He or she would have to have good negotiation skills so that he could negotiate with other organizations to improve and increase the company’s bottom line.

Business development involves various strategies. Some companies may focus on new corporate account whereas some may focus on new product development. The newer companies must have their feet strong in the industry to start a rivalry or a competition with the other leading industries.

Working in business development gives an excellent opportunity to adapt to different business strategies and also experience negotiation deals and managing partner relationships. These tasks require close contact with departments such as sale, production and marketing so that it is ensured that the deal accomplish effectively.

It is seen that small organizations usually do not set up these strategies. They do not take advantage of it and merely rely on their links. This concept can be realized in situations when they are helpless and cannot influence those links.

In many well-established companies, especially those in the technology sector, business development manage and create a strategic relationship and alliance with some third party companies.

In these situations the companies will influence one another’s skills and technologies to expand their products and services without having to acquire these with internal assets. . Revenues are typically mutual and shared in a number of ways of royalty arrangement.