Functions of a Business Manager

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What are Functions of a Business Manager?

Managers play a pivotal role in the industry. Managers connect subordinates to their superiors, thus, establishing lines of command. A manager's everyday activities involve organizing, planning, staffing, leading and training. These duties in detail are:

Organization:

Organizing involves creating a hierarchy of tasks, and assigning these tasks to people in an organization. The manager must also ensure that people whom these tasks are assigned are fully prepared to do their jobs to the best of their abilities.

An organizational structure is created to streamline the work process, thus, increasing work efficiency whilst decreasing workload. For an organization to work as efficiently as possible, tasks should be assigned to staff according to their area of expertise.

Planning:

Planning has to do with asserting a company's mission, and laying down a plan of action to carry out this mission. The customized plan of action may require efficient use of manpower and other material resources.

Staffing:

Staffing is essentially the process of filling up job vacancies with qualified personnel. Job vacancies are created with the emerging need for staff with special skills and abilities. This is followed by publicizing a job vacancy, interviewing prospective candidates, selecting the candidates, training them, and placing them within the organization.

Leading:

Leading people involves motivating people and insuring that they faithfully do the duties assigned to them. The best way to lead people is to establish an interpersonal relation with them, and maintain professional two-way communication.

Training:

Managing involves a whole lot of training. Training subordinates is necessary so that they're abreast with the latest business developments. This may require hosting courses for employees, and monitoring their performance. Managers have to clearly define the company's goals, while keeping in mind alternatives plans of actions to reach them.

Coordination:

Coordination is maintaining two-way contact between subordinates, and ensuring that all the individuals work in harmony to achieve a specific goal. Coordination is an essential part of managing. When individuals work as a team, their individual efforts are set at different paces, and this sometimes results in friction between individuals or business subunits. Thus, it becomes the duty of the manager to reconcile differences pertaining to the central issue, set deadlines, and maintain a forum of open communication among the staff.

Additional Readings:

1. Functions of a Business Manager
2. Henry Fayol and Modern Management Theory
3. Modern Management Thoughts and McKinsey's 7-S framework
4. Industrial Planning
5. Management and Setting of Objectives
6. Principals of Organization
7. Matrix Organizations
8. Functions of the Human Resources and Accounting within an Organization
9. Differentiation between Motivation and Satisfaction
10. Barriers to Good Communication
11. Requirements of Effective Controls
12. Formal and Informal Organizations
13. Bonded Rationality

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