The study of business management instructs students in the formal knowledge of the abilities of a business manager. Effective business managers consistently enact the five responsibilities of supervision: planning, organizing, leading, coordination and control. Empowered by the five requisite responsibilities of management, students gain the tools to become master managers.
Planning is the foundation on which business management establishes itself. Establishing outcomes, or planning, requires a shared vision or set of results for a business plan, and establishing steps that lead to the realization of the desired goals or outcomes. Determining the time on task and requisite resources must also be done when planning.
Although finalizing the business plan is a product of planning, the manager must make additional decisions to establish an effective planning process. As the team carries out the plan, the manager reviews progress at recurring intervals and amends the document plan regularly. Once the plan is articulated to concerned parties, evaluation of feedback begins.
Establishing a design by which to proceed is the second obligation of management. Tasks and methods for their completion that follow the business plan are assigned to responsible parties by the manager. Once assignments are established, managers must support goal completion by providing enough resources to facilitate team members' success.
A manager's third responsibility is to lead his team well. A manager establishes credibility by demonstration self-confidence. The leader's attitude infects his team with belief in themselves and their leader.
The demands on a leader's judgment include knowing when and why to deviate from established practices. Leaders should possess curiosity about recent developments, and foster a culture of discovery and inquiry among his team members. Staying current and changing to accommodate new trends is a necessity for business, whose leaders must have the discipline to take risks to improve.
When opportunities are apparent, leaders must use their vision to respond appropriately to change. A leader's action drives his followers to also take action thru proper delegation of tasks to the right people. An effective leader communicates trust by giving employees duties within the employee's competence.
The last skills of a manager are to coordinate his assignments and to provide his staff with an authoritative role model. A sign of a leader's ability to coordinate is productive communication between stakeholders in the business. A well-functioning team, properly coordinated, understands the basis of decision making and keeps aware of the latest developments.
After achieving control of the work environment, a manager can ably direct employees in his areas of responsibility. Employees cooperate sincerely with a manager who models passion, belief and a drive to succeed. Trusted and respected managers often have teams that work with him to accomplish challenging goals.
Each spoke in the wheel of excellent management, planning, organization, leadership, coordination and control, helps the wheel advance the cart of business. The most effective manager not only knows what skills are important, he also works on using them consistently, since knowledge without action will not benefit his company. Business management degree online offer flexible opportunities to gain and use these skills required to achieve business excellence.
