What are the examples of business management jobs? What are the duties and responsibilities relevant to these?
Examples of Business Management Jobs
An individual may hold the position of a business manager in a company. Organizations can be registered in the form of a company or a cooperative. In the case of a company, there are two types i.e. private limited and public limited companies.
In this case, the business manager is responsible for the overall management, control, and supervision of day to day activities of the company. He/she is responsible for overall financial performance including both profit and loss matters.
Business Manager Job in an Organization
A business manager can also work in an organization such as a school, college, hospital, non-profit organization, etc. In such cases, he/she will be responsible for conducting all day-to-day organizational activities including promotion and marketing of the institution.
The business manager will coordinate with all members of the organization. This is so that activities are smooth. He /she needs to ensure that all financial aspects of the organization are looked into and handled properly.
Job Duties and Responsibilities of Business Managers
The main duties and responsibilities associated with these jobs include:
- Taking care of all financial matters related to the organization such as income generation and expenditure control; preparation of budgets; preparation of profit and loss account
- Coordination with different departments such as marketing, sales, finance, human resource
- Dealing with clients and customers
- Preparation and submission of reports to higher authorities
- Ensuring smooth operations within the organization
- Supervision over other employee’s activities
- Training new employees
- They need to interact with other people from time to time such as employees, clients/customers, suppliers, contractors
- It is important to maintain proper records such as accounts books, balance sheet books
Financial Advisor
A financial advisor in an organization can be responsible for the financial management of the organization. In this case, the advisor will be responsible for financial planning and decision-making related to the organization.
Job Duties and Responsibilities of Business Managers
- He/she will need to have a thorough understanding of different financial activities such as investment analysis, capital budgeting, capital structure decisions
- Gathering and analyzing data related to financial matters of the organization including income statements, balance sheets, cash flow statements
- Financial Planning and Decision Making
- Preparing various types of financial statements such as income statements, balance sheets
- Recommending various financial policies such as investment policy, funding policy
Operations Manager
An operations manager works in an organization. He/she needs to take care of all operations related to the organization including production, supply chain management, logistics, etc. He /she will be responsible for managing people working in different departments such as purchasing, production.
Job Duties and Responsibilities of Business Manager:
- He/she will need to manage all operations related to the organization like production, supply chain management, logistics
- Also, he needs to manage people working in different departments such as purchasing, production.
- He/she will be responsible for supervising employees and achieving various goals set for the department or the organization.
The manager needs to at times recommend changes in policies and procedures so that organizational objectives are achieved smoothly.