Introduction
Business management is an evolving and dynamic career field that has ever increasing demands and requirements in the present competitive corporate world. Business management demands professional knowledge, experience, social networking and emotional intelligence at the same time. A manager ought to be a very skillful and diverse personality, who must be readily equipped with time management, stress management and leadership skills while being creative and rational in his approach.
Communication
A typical manager’s day starts with attending to the immediate inquiries and communications from other institutions, like banks, legal consultants and suppliers. Any established business is continuously going through affairs concerning legal or financial matters. The manager needs to respond to all such inquiries and matters of business. He then needs to communicate any concerns of importance to higher management. Any manager is always accountable to a higher authority. In this regard he may be required to meet the higher responsible and bring in their notice any matters of importance. The manager then finds some time for what is very vital for the organizational culture. He meets the staff, in groups or individually, to discuss their concerns and thoughts about their work. He makes sure that all his staff is on board regarding any important decisions. He tries to motivate them in view of stress and heavy workload. He makes sure that no one is lacking on morale and diligence
Control
After such correspondence, the manager resorts to the routine work of monitoring and control. Business goals and objectives are set by higher management, and manager’s job is to apply appropriate controls to make sure that those goals are met with given resources and manpower. For this purpose, the manager first conducts a meeting of all staff of his department. The meeting starts with the accounts and affairs of importance from the previous day. The personnel discusses among themselves any political and financial changes in the industry that may affect the organization’s practices and objectives. The main objective of this meeting but is to discuss the progress on the projects that the organization is working on. This is most important part of the meeting. This discussion will emphasize the matters related to progress, timeline, phases and objectives of the project. The projects and endeavors that any business is undertaking are always subject to change and modifications, and it is management’s job to recognize and realize what changes are necessary.
Decision making
The manager then confines to the individual work and analysis. His job includes finding new ventures and opportunities for the business. It depends what department he is heading. A marketing manager would look for new ideas and platforms for marketing. A financial manager would try to find new investment opportunities. A business manager would look for new ventures and expansion opportunities. A production manager would be interested in cutting down costs and smoothing the production line. For these purposes, the manager would analyze the opportunities himself. He might discuss them with close peers and subordinates. He also prepares the material to present to directors regarding such decisions in the meetings for such purposes.
Conclusion
Businesses worth billions of dollars are at the stake when managers make highly important decisions regarding the future of the business. A business manager, in short, bears huge responsibility that demands high level of intelligence, diligence, communication skills and competitive knowledge at the workplace.