Summary:
GM - Business Development role involves Innovation through identifying and promoting Potential Products meant for Personal Care industry
Innovation: Identify Potential Ingredients that can be synthesised, manufactured (out-sourced) and marketed by Company. These need to be different from current Company's product portfolio.
Establish regular sales of these ingredients with Global, Regional and Local Customers.
Prepare and achieve Annual Business Plans that include New Business Sales, New Ingredient Development Pipe and Contribution Expansion
Prepare (working with Marketing, R&D and Manufacturing teams) Customer Awareness Programs / Tools to create awareness on usage new products.
Motivate team for superlative performance in establishing Innovation Products
Map Market Dynamics, Competition and Customers to build New Product Pipe
Main Purpose:-
To strategize and execute the plans of focused Product Groups of the Organisation; transform the Company to achieve a global industry leadership position and to make significant difference to EBITDA of the Company, through Product Managers
Key Responsibilities:-
Core Focus
To effectively lead - Innovation Process- and manage the IP Funnel to bring out New Products from the IP Funnel in the shortest possible time, from - Ideation - to - Market- by effective utilisation of resources and to globally manage the New Products during its - New Products Cycle-
To identify opportunities, tie-up strategic sources and create market for - Outsourced- Products
To collaborate with Research & Technology, Manufacturing, Commercial, Infrastructure, Sourcing, Logistics & Commercial Teams to achieve the business goals of focused Products or Product Groups
To review the strategy of focused Product Groups and recommend suitable changes if any required. Be responsible for the implementation of the strategy and therefore the P&L of focused Products Groups
To be in tune with the market trends & consumer needs and come up with innovative ideas and recommend new projects / products
To maximize business opportunities in existing markets with the help of White - Space Analysis
To organize and handle advance launch of products. Look after the value proposition to maximise profits
To utilise the market research and competitive intelligence for formulating better strategies
To support the organization's expansion plan by coordinating with physical facilities across locations for the focused Product Groups and strategize outsourcing processes for better returns
Take responsibility for competency creation suited to handle Product Management in the team of people who are involved with focused Product Groups
Develop strong market intelligence in order to guide the business planning process by tracking new product launches in identified product categories, competitors' product quality (samples to be anaylsed regularly), price trend, supply to major customers, end applications, capacities & production
Build and maintain relationships with customers and business partners
Work with Key Consultant in building IP Product Pipe that will support growth plans and expanding contribution
Key Skills:
Should have the ability to build professional relationships and credibility within and outside organisation, particularly at senior levels
Should be highly self-motivated individual with strong relationships building and team management skills
Possess well developed strategic skills and display perception, high intelligence and common sense
Should possess strong man management skills and marketing skills to develop and sustain a large client base
Need to influence peers in adapting Innovation Process Products
Competencies:
Entrepreneurship & Innovation
Using one's understanding of key market drivers to create and seize business opportunities, expand into new markets, and launch innovative products and services
Influencing
Creating and executing influence strategies that persuade key stakeholders to take action that will advance shared interests and business goals
Driving Execution
Translating strategic priorities into operational reality; aligning communication, accountabilities, resource capabilities, internal processes, and ongoing measurement systems to ensure that strategic priorities yield measurable and sustainable results
Operational Decision Making
Securing and comparing information from multiple sources to identify business issues; committing to an action after weighing alternative solutions against important decision criteria
Global Acumen
Demonstrating an understanding of the competitive global business environment as well as an awareness of economic, social, and political trends that impact the organization's global strategy
Pride in creating AWB
Creating - A World Beater- organization with pride, courage and vision, without being overwhelmed by the vastness or complexity of global market, power of the customer or the market position of global competitors
Functional:
Market Knowledge
Business Acumen
Organizational Savvy
Customer Knowledge
Communication Skills
Relationships
Internal:
R&D, Manufacturing Processes
Marketing
Innovation Process
Business Creation Process
Conversion Process
Sourcing Process
Expert Consultant / Advisor
External:
Customers
Outsourcing Partners
Suppliers
Industry Forums
Competition
Knowledge/Skills Required:
Global Home & Personal Care market
Global Fragrances & Flavors Market
Latest developments in the global market
Consumer Trends
Competition
Chemistry, Chemical Engineering & SHE
Technology trends
Environmental / Regulatory Trends
Educational Qualification & Experience:
Post graduate degree or Diploma in Management
Engineering or Knowledge of Aromatic Ingredients
10 - 15 years of experience, preferably with MNCs that serves FMCG Industry.
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