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Explain Corporate Development

Corporate Development: Corporate development is a term which references the range of planning options and strategies which can assist to move a company toward its targets. The procedure of this kind of strategic development can be exerted to just about any facet of corporation’s organizational structure. In real structure, corporate planning can include finding ways to fine-tune the present structure of the company or expanding the company’s interest via mergers or acquisitions.

One of the more general manifestations of corporate development has to do with re-shaping the management arm of corporation. This might comprise a process of phasing some management positions out of the present structure or making new positions in an effort to build up the management team. As part of this kind of approach, corporate development might too demand that one or more present managers are released from the company and substituted with people who possess skills needed to move the company forward. Whenever this is the situation, the corporate development team will maintain the functions of recruitment and assessment of potential hires.

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