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Business development and cyber technologies are a pair of methods that can help businesses grow and succeed. However, companies biotech due diligence checklist 3 main pitfalls must implement these systems and practices carefully and quickly, as they are subject to cyberattacks.
Business Development
Business development involves identifying new opportunities, establishing and maintaining relationships with customers, creating strategic alliances, and preparing plans to increase profits. These initiatives could affect every department in a company from sales to marketing.
The right team is crucial for the success of business development. Successful teams usually have leadership qualities and vision and a willingness to collaborate with a variety of people. They can define issues, set reasonable deadlines, manage resources efficiently, and monitor the progress to ensure timely completion. They also must be able to conduct themselves with the highest levels of honesty and morality and keep the confidentiality.
Cybersecurity
With the rapid pace of technological advancements, federal agencies must continuously adjust their cybersecurity strategies to keep up. The same technologies that improve the user experience can expose organizations to more risk such as data breaches and malicious activities. Consequently, the government must ensure that new technology deployments are accompanied by proper risk-taking and training for its employees.