Cyber-related technologies and business development are two different practices that help organizations expand and achieve success. But, businesses must implement these practices and systems cautiously and in a timely manner, since they are susceptible to cyberattacks.
Business Development
A major component of business development is looking for new opportunities, creating and maintaining connections with customers, forming strategic partnerships, and creating plans to boost profits. These initiatives can impact virtually every department of a business from marketing to sales.
The right team in place is also crucial to success in business development. Teams that are successful typically possess leadership skills and vision and an ability to work with a wide range of people. They can clarify points and set reasonable deadlines, control resources effectively and monitor progress to ensure timely completion. They must also behave in the highest level of integrity and morality, and ensure confidentiality.
Cybersecurity
With the rapid pace of technological advancements federal agencies are required to continuously alter their cybersecurity strategies to keep up. However, the same technologies that can improve the experience of individuals could expose organizations’ due diligence data room to increased risks like data breach and malicious activity. Consequently, the government must balance new technology deployments with appropriate risk-taking and training for its employees.