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What are some common challenges faced by professionals in Ecosystem Development roles, and how can they be addressed?

Professionals in Ecosystem Development often face the challenge of aligning diverse stakeholders, such as startups, corporations, and public organizations, toward common goals. Navigating differing priorities and communication styles can be complex, requiring strong relationship-building and facilitation skills. To address these challenges, it's important to establish clear communication channels, set shared objectives early, and foster a collaborative environment through regular check-ins and transparent reporting. Proactively seeking feedback and being adaptable to evolving needs can also enhance the success of ecosystem initiatives.

What is ecosystem development?

Ecosystem development refers to the process of creating and nurturing a network of interconnected organizations, individuals, and resources that work together to drive growth, innovation, and sustainability within a specific industry or sector. Professionals in this field focus on building partnerships, supporting startups, facilitating collaboration, and creating opportunities for stakeholders to connect and thrive. The goal is to create a healthy environment where businesses, institutions, and communities can collectively advance shared objectives and adapt to changing market needs.

What is the difference between Ecosystem Development vs Business Development?

AspectEcosystem DevelopmentBusiness Development
Primary FocusBuilding and nurturing a network of partners, stakeholders, and community resources to support a technology or industry ecosystemIdentifying and securing new business opportunities, clients, and markets for a company
Required SkillsPartnership management, industry knowledge, strategic planning, stakeholder engagementSales skills, negotiation, market analysis, relationship building
Work EnvironmentCollaborative, cross-organizational, often in tech or industry clustersClient-facing, sales-driven, often in corporate settings

While both roles involve relationship management and strategic planning, Ecosystem Development focuses on creating a supportive network that benefits an entire industry or community, whereas Business Development concentrates on expanding a company's market share and revenue through new clients and deals.

What are the key skills and qualifications needed to thrive as an Ecosystem Development professional, and why are they important?

To thrive in Ecosystem Development, you need expertise in partnership management, business development, and strategic planning, often supported by a background in business, marketing, or related fields. Familiarity with CRM systems, data analytics tools, and industry-specific platforms is typically required. Exceptional networking, communication, and negotiation skills help build and maintain strong relationships with stakeholders. These abilities are crucial for expanding the organization's reach, fostering innovation, and driving sustainable growth within complex business environments.
What are popular job titles related to Ecosystem Development jobs in Minnesota? For Ecosystem Development jobs in Minnesota, the most frequently searched job titles are:
What job categories do people searching Ecosystem Development jobs in Minnesota look for? The top searched job categories for Ecosystem Development jobs in Minnesota are:
Ecosystem Development jobs near you
Business Development Director, B2B

Business Development Director, B2B

SmartThings

Minneapolis, MN • On-site

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 19 days ago

Job description

Business Development Director, B2B
Department: Product & Growth
Employment Type: Full Time
Location: Minneapolis, MN
Reporting To: Mark Benson
Description
SmartThings is the premier global IoT ecosystem, powering the connected lives of over 430 million users. As an independent subsidiary of Samsung, we operate at the intersection of large-scale infrastructure and agile innovation. We are seeking a Director of Business Development to lead the commercial expansion and partnership strategy for our Services division in the U.S. market.
The Business Development Director, B2B Solutions is a highly-visible individual contributor role responsible for driving the commercialization, integration, and monetization of SmartThings Pro and SmartThings Energy software platforms. Rather than focusing on broad consumer-grade B2C expansions or traditional hardware channel distribution, this role is explicitly tasked with driving enterprise GTM strategy by embedding SmartThings solutions directly into Samsung's business units and organizations.
Key Responsibilities
This position is a hybrid role, based out of Minneapolis, MN.
In this role, your primary responsibilities will include the following:
Team Leadership & GTM Strategy
  • GTM Strategy & Orchestration: Define and execute the Go-To-Market strategy for SmartThings Pro, coordinating with Product and Marketing to accelerate awareness and adoption across priority B2B verticals.
  • Internal "One Samsung" Commercial Integration: Deeply embed and cross-collaborate with Samsung Electronics America (SEA) and other internal teams to bundle SmartThings Pro with premium hardware and commercial equipment, turning standalone assets into connected, intelligent software-driven solutions.
  • Stakeholder Alignment: Serve as the internal champion for SmartThings Pro's GTM strategy, building organizational buy-in across Samsung subsidiaries, Samsung Electronics America (SEA) line-of-business leaders, and executive leadership in South Korea through clear, consistent, and compelling communication.

Platform Monetization & Strategic Growth
  • Monetization Strategy: Design and execute comprehensive monetization frameworks spanning both direct B2B enterprise engagements and B2B2C channel models, including identifying recurring revenue opportunities for both SmartThings Pro and SmartThings Energy in the U.S. market
  • High-Stakes Negotiations: Lead the most complex, high-value negotiations spanning multi-year service agreements, revenue-share models, and enterprise-level commitments.
  • STAP Program Execution & Scale: Standardize and manage the operational lifecycle of the SmartThings Pro Authorized Partner (STAP) framework, directly overseeing the onboarding, commercial tracking, and technical enablement of third-party System Integrators (SIs) and installers nationwide.
  • Partner Ecosystem Development: Scale a robust enterprise partner ecosystem encompassing partner-facing collateral, sales enablement frameworks, and commercial incentive models that will ultimately drive market adoption of SmartThings Pro

Executive Influence & Market Leadership
  • Executive Engagement: Serve as a primary commercial voice to Samsung's global leadership, navigating a complex, matrixed organization to secure the resources and approvals necessary to advance major U.S. market initiatives.
  • Market-Driven Strategy: Translate market intelligence and partner feedback into compelling business cases, ensuring SmartThings Pro remains the industry benchmark across target verticals.
  • Vertical Growth Strategy: Own and execute the primary growth strategy for SmartThings Pro's key U.S. verticals (including Builder, Hospitality, Retail, QSR & Office)
  • External Representation: Represent SmartThings Pro at the executive level across industry boards, C-suite partner engagements, and major technology summits.

Skills, Knowledge & Expertise
Inclusive Hiring Practices
Don't meet all desired requirements? Studies have shown that some people are less likely to apply to jobs unless they meet every single desired qualification. At SmartThings, we are dedicated to building a diverse, inclusive, and authentic workplace, so if you're excited about this role but your past experience doesn't align perfectly in the job description, we encourage you to apply anyway. You may be just the right candidate for this or other roles.
What You Bring On Day One (Required Qualifications)
  • Bachelor's degree in Business or related field required; MBA or equivalent commercial leadership experience preferred.
  • 12+ years of professional experience, with a minimum of 7 years in a dedicated Business Development or Strategic Alliances leadership role. A documented history of closing complex, multi-million dollar enterprise partnerships with significant, measurable commercial impact.
  • Expert-level proficiency in deal structuring, including a deep understanding of commercial legalities and revenue-share frameworks.
  • Proven track record of productizing and deploying Enterprise Cloud/SaaS software solutions or commercial IoT platform suites (e.g., building automation, enterprise software stacks, smart energy platforms).
  • Ability to identify 3-5 year market trends and position the team to capitalize on them.
  • Exceptional communication and presentation skills suitable for C-suite and Board-level interaction.
  • Proficiency in financial modeling, deal valuation, and data-driven performance management.

SmartThings Benefits
  • We offer an attractive compensation package with comprehensive health benefits, including medical, dental, vision, and mental health; an HSA with employer contribution; life & disability insurance; FSAs for health and dependent care expenses; a competitive 401k with a 5% employer match, and more.
  • All of our employees enjoy unlimited PTO, 12 paid holidays, and a generous parental leave policy (8 weeks fully paid parental leave and 8 more fully paid weeks for childbirth recovery leave).
  • Eligible employees benefit from our education reimbursement program, and all employees enjoy access to learning resources through O'Reilly.
  • Our commitment to diversity, equity, inclusion and belonging is embedded into our culture and our work, and everyone has frequent opportunities to join forums and groups and participate in ongoing projects.
  • We offer a parking stipend to cover the monthly garage cost. EV chargers are also onsite.
  • In-office catered lunches on Thursdays.
  • Access to the onsite gym.

Base annual compensation range for this position is $164,000 to $222,000. Actual base within this range will depend on many factors including experience, skills, technical expertise and market alignment. In addition, this role is eligible for a 25% annual target bonus based heavily on individual performance.
At SmartThings, we are committed to creating an inclusive and accessible environment for all. If you require accommodations to participate in our hiring process or to perform the requirements of the job, we will work with you to meet your needs in compliance with applicable laws. Please reach out to talent@smartthings.com and a member of our Talent Acquisition team will connect with you further!

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