Business Development

Running head: BUSINESS DEVELOPMENT
Business Development
Name of the Student:
Name of the University:
Author Note:

1BUSINESS DEVELOPMENT
I have seen through my experience and have heard from many that management skills
and knowledge is necessary in today’s world. Due to the impact that Globalization had on the
world and our lives, having management skills and learning will enable one to have an
impressive working career (Ganiron 2014). Management courses are generally designed in
such a way that students and professionals both can learn from them (Heagney 2016). All
companies, be it small, medium or large, need managers to keep their business running
smoothly. The trend of entrepreneurship has emerged in recent years (Burns 2016). People
now are more interested in running their own business rather than working for other
companies. Companies like Google Inc. too, encourages entrepreneurship among their
employees (Drucker 2014). Considering these aspects I had decided that after the completion
of my school I will join a management course that will enable me to develop skills that are
needed for entrepreneurship and managing projects. Having decided that, I took admission in
such a course that focused on developing skills that will enable me for entrepreneurship,
intrapreneurship and project management in general. During the tenure of the course, I learnt
many topics and aspects, many of my existing skills were honed and some skills that we will
need in my career were instilled within me. The whole course was divided into several units
and the present unit is about skills and attributes needed for project management for business
development.
The present unit that is being discussed here is about the tasks as well as the decisions
that surface during the life of an entrepreneur. Through this lesson it seemed to me that
students like me will develop capabilities that will help us in managing projects in different
organizations as well as a self-employed individual. The lesson mainly gives us the ability to
align the process of project development to the main views and values of the organization so
that a sustainable project management can be carried out. When the lessons started, I was
introduced with the basic concepts and ideas about project management and entrepreneurship.

2BUSINESS DEVELOPMENT
I was then introduced with the different approaches to project management that aims to
handle the initial stages of project or idea development (Kerzner and Kerzner 2017). The idea
of lean startups where companies invest smaller sum of money at the initial stages to see if
the venture is a success or not as well as ideas about Business Model Canvas which enables
an entrepreneur to determine the key aspects of the company, like, the suppliers, resources,
key channels, key activities, cost structure of the company and determine if undertaking a
new business venture is viable or not, were introduced (Mason and Brown 2014). The aspects
that are social driven for a manager like teamwork, leadership and managing stakeholders,
were also introduced in the course. In the later part of the units I learned about the process of
project plan development. The key skills that I learnt throughout the lessons were teamwork,
problem solving, communication, critical thinking, analysis and independent work.
Throughout the process I was continuously encouraged to think outside the box and hone the
skills that have already been attributed to me.
From the learning module, I gathered many theoretical and practical knowledge and
skills. Moreover, I acquired some characteristics that changed my viewpoints about many
aspects regarding the smooth operation of organizational management and project
management. Organizations may face several problems in its life cycle. There could be
shortages or resources, there could be a lack of fund, suppliers and key stakeholders might
create problems (Kloppenborg 2014). In an enterprise, the role of a project manager may be
played by three personnel, the Entrepreneur, the Intrapreneur and the manager. The
difference between them is slim but significant. An entrepreneur, as I gathered, is a person
who takes the sole risk while handling a project as it is upon him that the success or failure of
the project as well as the company depends. An Intrapreneur on the other hand is the risk
taker but not the sole risk taker in the whole project. He is working as an employee of the
company but is responsible for the planning and execution of the product. If the product fails