Business Development Concepts

Business Development and its associated tasks and processes are often indiscernible from traditional management and marketing approaches, such as strategic management, marketing management, sales and marketing, and entrepreneurship. Business is the major component of resurgence for economic development of any country. Business and Industries, not only instrument of change vehicle but for growth and diversification. The role of Industries were adequately realized long back, in particularly suited for the better utilization of local resources and for the achievement of local self-sufficiency in respect of certain types of essentialities. The most pressing need in Ethiopia is rapid industrialization to achieving the basic objectives of their economic and social progress. The development of industries will contribute to expansion of existing industrial growth.