Summary of Unit 8 - Business development

In this unit our aim was to find out what the concept of Business Development contains; does this concept affect in some way our business and company; how can we implement it; what are the benefits and costs; does it have a future? We have found that, in order to move forward as a company and business we have to practically implement the things we have learned on theory and in practice. We have to be capable of screening working ideas even when the direct benefits of their implementation do not come immediately. Perhaps the most important thing is that companies, successful or not, are backed by people with good background, knowledge and work experience. The small changes or strategic decisions that they apply in their everyday work lead to the development of our business.