Abstract
The business development team is a communicator of the Virtual Company’s business mainly externally but also internally. This team will ensure that the development is in correlation with the demands from the outside world and telling the world of the Virtual Company developments when appropriate. Defining the core asset of the company is important and will ensure that all business development activities are focused on the development of the company asset and the product. Choose the business development team carefully and it should include all competences used for the product development. Regularly scheduled meetings using virtual communication and face-to-face meetings are important in order to keep everyone focused on the right issues. A well-prepared business development plan will save time and money. The business plan is not a one-time effort but needs to be continuously updated on the basis of the progress of the company and to be used in the overall execution of the business development activities.
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