This question has come up quite a bit lately, especially in certain industries. While everyone has felt the pinch of the recession over the last year, some industries have been hit exceptionally hard. Because of this, a lot of organizations - architectural & engineering firms, accountants and marketing firms, just to name a few - are considering adding business development people to their teams when they never needed anyone in such a role before.
With competition for market share increasing, and less to be had, the motivation for doing so is no mystery. But where to begin, for many, is with:
5 Questions to Consider:
1. Where will they fit into the big picture? - If organizational alignment doesn't already exist, where everyone knows how they contribute to the overall success of your organization, now is the time to make sure they do - not simply this new hire. Adding a new box to your org chart re-arranges your existing organizational alignment, even if you have it. It may be time to revisit your strategic plan.
2. What are my expectations? And, are they reasonable? - There is a "ramp-up" period for any business development position. It's length depends on the individual and, most importantly, your sales cycle. How long should it reasonably take for them to obtain a new client? Should I be more focused on their actual activities during this period or waiting for the desired result?
3. How will we measure success? - At the end of the first 90 days, it's unlikely that there will be any new clients. With that in mind, how will I know if this person is doing a good job or not? What benchmarks will I use? Both you and your new hire need to know that this relationship is working. Employee development programs which include key performance requirements are essential. Without any idea of what success looks like, you could both be questioning whether or not this was a good decision.
4. Are there any differences in managing someone in this role? If so, do I know what they are? - Understanding the importance of motivation is key to managing anyone successfully. What's important is to note that it's quite likely this person who enjoys a role that is very different from other members of my team would also be motivated differently. And, one size does not fit all. This is where a
personality assessment, along with the advice of a consultant, can be invaluable.
5. When it comes to hiring, do I know what I'm looking for? - What does it take to successfully develop business on a regular basis
in our company's environment? Our services/product/culture/management are all unique to our company. Determining this brings us back to organizational alignment and what this role needs to contribute, then the behaviors most likely to be capable of doing so. Is it more important that this person be assertive or take direction well? Should their focus be on
how they accomplish their work or is the
end result alone what really matters? Adding specific behavioral assets to the education and work experience that are already part of your selection criteria will help increase your odds of finding a candidate who will be successful, fulfilled and engaged in their role.