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Reconceptualizing Business Development: Integrating Commercial Execution, Capital Allocation, and Organizational Capability

Authors:Mufit Ozcan
Open Access

Journal Type:Research Article

Subject:Business Studies

Subject Field:Business and Economic Development

Volume:199, Issue: 1, June, 2026

Publish Date:June 23, 2026 3:40 pm

Pages:338-356

Download:7

Views:12

Abstract

General Business Development is frequently treated in both academic literature and managerial practice as a

loosely defined function, often fragmented across sales management, corporate strategy, and operational

execution. This fragmented understanding has limited the conceptual clarity of the field and weakened its

perceived strategic value within complex organizations. As a result, General Business Development is

commonly reduced to growth-oriented initiatives without sufficient attention to how execution quality, capital

allocation, and organizational capability jointly determine sustainable performance.

This article reconceptualizes General Business Development as an integrated managerial system rather than a

collection of disconnected activities. It argues that effective business development emerges from the

coordinated interaction of three foundational dimensions: commercial execution, capital allocation, and

organizational capability. Commercial execution translates strategic intent into consistent market-level

outcomes; capital allocation determines the scale, timing, and risk profile of growth initiatives; and

organizational capability shapes an organization’s ability to absorb, sustain, and replicate performance across

diverse environments.

By synthesizing these dimensions into a unified conceptual framework, the study challenges silo-based

approaches to business development and proposes a holistic model suitable for multi-country and

high-complexity organizations. The article contributes to the literature by repositioning General Business

Development as a governance and decision-making function with enterprise-wide implications. Managerial

implications are discussed, highlighting how business development leaders can move beyond short-term

growth metrics toward long-term value creation, operational coherence, and organizational resilience.

© 2026 International Journal of Research Publications (IJRP). All rights reserved.