This is the creation of long-term value for an organization from customers, markets, and relationships. Business development can be taken to mean any activity by either a small or large organization, non-profit or for-profit enterprise which serves the purpose of ‘developing’ the business in some way.
This is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization’s direction in response to a changing environment.
Monitoring & Evaluation
At the programme level, the purpose of monitoring and evaluation is to track implementation and outputs systematically and measure the effectiveness of programmes.
This is the process of getting resources from a resource provider, using different mechanisms, to implement an organization’s pre-determined goals. It deals in acquiring the needed resources in a timely, cost-effective manner.