definition
strict definition
business development
An organization helping businesses grow within a geographic area or a particular field of activity.
A business development organization works with businesses to help them grow in certain areas, usually with specific benefit to a geographic area or a particular field of activity.
The organization provides assistance to businesses, commonly with a local, regional, or industry focus. Its own business growth is not the activity described by this role.
The service can support several businesses in the same area or field. It differs from a property developer's coordination of a particular construction project.
Related definitions
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advisory committee
A group of experts or concerned persons which enters relations between companies and governments. -
chamber of commerce
A consortium of businesses promoting their collective interests within a geographic area or market segment. -
public authority
A governmental body organized to act in a company-like role, often providing a particular public service.