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Scrutinizing Business Development Research: Dynamic Retrospective Analysis and Conceptual Evolution

Author

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  • Yu-Min Wei

    (PhD Program in Strategy and Development of Emerging Industries, National Chi Nan University, Nantou County 54561, Taiwan)

  • Hsin-Mei Lin

    (Department of International Business Studies, National Chi Nan University, Nantou County 54561, Taiwan)

Abstract

While prevalent in enterprise practice, business development (BD) activities have garnered limited attention within academic circles, leading to a noticeable dearth of discussions regarding their comprehensive understanding and the contemporary research landscape. Previous research has underscored the pivotal role and importance of business development activities in generating new growth opportunities and enhancing dynamic capabilities for enterprises. This article seeks to bridge this academic gap by synthesizing six decades of research literature on enterprise business development activities and tracing the progression of its research trajectory to uncover its complete narrative. Its contributions are manifold: firstly, we intensified the foundational elements of business development research by conducting a meticulous examination of various perspectives and providing insights into former ambiguities surrounding crucial aspects; secondly, it elucidates how contextual factors influence the emergence and evolution of enterprises’ business development activities, highlighting its research significance across different eras; thirdly, it conducts a comprehensive exploration of various research streams within business development and their nuanced interactions across key dimensions. Through these endeavors, this study aims to enrich academic discourse in the domain of business development, establishing a robust academic foundation for subsequent research.

Suggested Citation

  • Yu-Min Wei & Hsin-Mei Lin, 2024. "Scrutinizing Business Development Research: Dynamic Retrospective Analysis and Conceptual Evolution," Administrative Sciences, MDPI, vol. 14(4), pages 1-32, April.
    • Handle: RePEc:gam:jadmsc:v:14:y:2024:i:4:p:81-:d:1380359
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    References listed on IDEAS

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    1. Daniel Levinthal & Jennifer Myatt, 1994. "Co‐Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing," Strategic Management Journal, Wiley Blackwell, vol. 15(S1), pages 45-62, December.
    2. Patrick Haack & Oliver Schilke & Lynne Zucker, 2021. "Legitimacy Revisited: Disentangling Propriety, Validity, and Consensus," Journal of Management Studies, Wiley Blackwell, vol. 58(3), pages 749-781, May.
    3. Daniel A. Levinthal & Jennifer Myatt, 1994. "Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing," Center for Financial Institutions Working Papers 94-30, Wharton School Center for Financial Institutions, University of Pennsylvania.
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