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Full-Time

Business Development Manager

Posted on 7/23/2024

Fortune Brands

Fortune Brands

51-200 employees

Provides water, outdoor, and security solutions

Energy

Compensation Overview

$85k - $120kAnnually

+ Bonus

Senior

Remote in USA

Category
Business Development
Business & Strategy
Required Skills
Sales
Marketing
Requirements
  • Bachelor’s degree
  • Minimum of 5 years of sales experience
  • Ability to negotiate contracts with Key Account customers
  • Understanding of the Corporate environment, specifically marketing and product development
  • Excellent interpersonal skills
  • Strong presentation skills
  • Ability to work independently and in a team environment
  • Ability to analyze market conditions and competition
  • Ability to coordinate multiple projects simultaneously
  • Flexibility to travel and work non-standard hours
Responsibilities
  • Achieve annual sales plan
  • Develop market strategy focused on Multifamily, Hospitality, owners, contractors, developers, architects, and property managers
  • Expand relationships and grow share with top builders
  • Mentor Territory Managers with BDM competency skills
  • Develop professional relationships between strategic builders
  • Maximize Moen product portfolio with non-single family builders
  • Drive Non-Single Family SAM generated specifications for national companies
  • Leverage technology and internal process improvements
  • Develop fact-based business case proposals
  • Manage budgets to maintain existing business and increase sales
  • Monitor and communicate business trends
  • Orchestrate resources to maximize sales opportunities

Fortune Brands Innovations operates in the water, outdoors, and security sectors, providing products that enhance living spaces and ensure safety. The company offers a range of branded products, including water solutions, outdoor products, and security systems, which are sold through retail stores, online platforms, and direct sales to commercial builders. Their business model emphasizes brand leadership and continuous innovation, allowing them to adapt to changing market demands and maintain a competitive edge. Unlike many competitors, Fortune Brands focuses on expanding its distribution channels to reach a wider audience, which helps drive sales and revenue growth. The company's goal is to capitalize on growth opportunities in the home improvement and commercial building markets while ensuring long-term performance and customer satisfaction.

Company Stage

IPO

Total Funding

N/A

Headquarters

Deerfield, Illinois

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
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Simplify's Take

What believers are saying

  • Strategic partnerships, such as with Value Hybrid, enhance FBIN's product offerings and market reach, particularly in digital safety solutions.
  • Significant investments from firms like Coldstream Capital Management and K.J. Harrison & Partners indicate strong investor confidence and financial stability.
  • The company's commitment to sustainability and social impact, as highlighted in its 2023 ESG report, can attract socially-conscious consumers and investors.

What critics are saying

  • The competitive landscape in the home improvement and security markets requires continuous innovation to maintain market position.
  • Dependence on strategic partnerships and acquisitions may pose integration challenges and affect operational efficiency.

What makes Fortune Brands unique

  • FBIN's Fortune Brands Advantage operating model ensures long-term performance and adaptability, setting it apart from competitors.
  • The company's focus on high-growth sectors like water, outdoors, and security allows it to capitalize on favorable market conditions and consumer demand.
  • FBIN's strong brand portfolio and commitment to innovation enable it to maintain a competitive edge and capture market share.
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