How to Succeed as a Business Manager?
Be able to take effective decisions.
Have a strong wish to lead
Have the quality of persistence in times of adversity
Have the ability to listen
Develop and acquire excellent communication skills
Develop have a vision
Have empathy and sympathy for others.
Take responsibility and accountability for actions
Anticipate the events like to happen
Be Mission oriented
Be Well Educated
Build effective teams
Why do Business Managers Fail?
The following is a brief list of negative qualities, characteristics, habits, and
styles related to failed managers
Betrayal of trust
Conflict avoidance temperament
Does not know the business
Insensitive to needs and expectations of others
Low self confidence
Need to be liked / accepted
Need to know everything
Over dependent on advocate or mentor
Thinking of next job
Unable to adapt to superior with different style
Unable to delegate or build team.
Unable to take strategic view
Unable to use staff effectively and build cohesive team
Effective Business Managerial Skills for Managers and Supervisors
Key Concepts of Business Management
What is a Business Organization?
Business Organization is a group of people working together with a collective or specific goal.
What are the Types of Business Organization?
Business Goals - What is the Goal of a Business Organizational?
These are strategic objectives or plans for a business organization.
These help the business organization achieve financial goals and coordinate employee efforts to achieve the same.
What is Business Management?
Business Management is the act of allocating resources (like finance and people) for achieving goals of the business organization.
Business Management functions include
Controlling or directing
Who are Business Managers?
Business Managers are people responsible for managing resources for achieving goals.
They manage activities and people working in a business organization.
What are the Levels of Business Managers?
First Line Business Mangers: Responsible for day to day operations.
Middle Business Managers: They supervise the first line managers.
Top Business Mangers: They are responsible for the performance of all departments of the business organization.
What are the different Roles / Functions of an Effective Business Manager?
What Managers Do?
Some of the Functions of Managers are:
Basic Management Functions
Planning, Delegation, Effective Communication, Decision Making, Problem Solving, Conflict Resolution, Complaint Handling, Meeting Time and Task Management etc.
Conforming to Personnel Policies and other internal regulations like discipline etc.
Employee Performance Management - Goal Setting and Achievement, Feedback, Analyzing Performance Issues etc.
Hiring, Firing and Training New Employees
Organizing Teams, Effective Team Work, Motivation
Providing Effective Leadership
Training Corporate Business Management Education Professionals Students