Business development and cyber technologies are two different practices that help organizations develop and grow. Businesses must implement these techniques and practice proactively and with care, as they can be targeted by cyberattacks.

Business Development

A major component of business development is identifying new opportunities, creating and maintaining relationships with customers, forming strategic alliances, and coming up with plans to boost profits. These initiatives can affect virtually every department in a company from marketing to sales.

The right team in place is also essential for success in business development. Successful teams typically have leadership skills and vision as well as a willingness to work with a wide range of people. They are able to clarify issues, establish acceptable deadlines, manage resources efficiently, and monitor progress to ensure that it is completed on time. They must also maintain the highest standards of honesty, morality and confidentiality.

Cybersecurity

With the rapid pace of technological advancements, federal agencies must continuously modify their cybersecurity strategies in order to keep up. The same technologies that enhance the user experience may expose organizations to increased risks including data breaches and malicious data room services in business performance benchmarking activities. The government must therefore ensure that it balances the deployment of new technology with the appropriate risk-taking and also train its employees.