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How to Succeed as a Business Manager?

Important Attributes

Be Courageous

Be Decisive

Be Dependable

Be able to take effective decisions.

Have a strong wish to lead

Have Credibility

Have the quality of persistence in times of adversity

Have self-confidence

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  Creativite

Be   Intelligent

Be Innovative

Be Mission oriented   

Be Well Educated

Have  Loyalty

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

Aloof

Arrogant

Authoritarian

Betrayal of trust

Cold

Conflict avoidance temperament

Does not know the business

Incompetent

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

Overly ambitious

Perfectionist

Playing politics

Procrastination

Self-centered

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

Workaholic

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?

Sole Proprietorship

Partnership

Corporation  

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

Planning

Organizing

Employee staffing

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. 

Staff Development and Training

What are the different Roles / Functions of an Effective Business Manager?

Administrator

 Communicator

 Coordinator

 Leader

 Motivator

 Problem Solver

 Specialist

 Trainer

 

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

 

Business Relationship Manager

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