BUSINESS DEVELOPMENT and new business development involves recognizing and realizing new business opportunities, which include product or service design, business model design and marketing. Business Development includes… economics, finances, managerial activities, competition, prices, marketing, etc. All are related to risk and entrepreneurship. Business Development is growing an enterprise, with a number of techniques. The development process recognizes chances and opportunities in a fast changing environment, adaptation to the customer, innovation and costs are important factors to achieving successful business development.