Business management degrees help students acquire basic business management skills. Success in management results from the manager's ability to carry out the five core business talents of planning, organizing, leading, coordination and control. Empowered by the five requisite responsibilities of management, students gain the tools to become master managers.
The initial responsibility of management is establishing a plan for the business. 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.
The planning process, after establishing the business plan, has additional requirements to be completed. Daily plan review and progress monitoring are necessary if the supervisor is to update the plan document conscientiously. Once the plan is articulated to concerned parties, evaluation of feedback begins.
Organizing is the second function in management. Guided by the business plan, the manager creates groups that will carry out assigned duties. 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. Charismatic leaders have faith in their team and themselves, both of which promote confidence. The confidence of a leader comes back to him in the form of team loyalty and dedication.
Good managers understand that sometimes established practices will hinder success, and they must adjust their methods to gain an outcome. Keeping an open mind about arising trends, a manager must also convey the importance of improvement, transformation and development to his employees. Staying current and changing to accommodate new trends is a necessity for business, whose leaders must have the discipline to take risks to improve.
Authoritative leaders are active, responding to priorities as needed. 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 final responsibilities of a manager are coordination and control. When a leader coordinates his staff professionally, they discuss the project's completion regularly and effectively. When a manger coordinates proficiently, his staff has the same vision of the assignment, a necessary condition to recording progress.
After achieving control of the work environment, a manager can ably direct employees in his areas of responsibility. A conscientious and diligent manager inspires employees to duplicate his efforts and ethics. Trusted and respected managers often have teams that work with him to accomplish challenging goals.
Effective business management is the outcome of a combination of planning, organization, leadership, coordination and control. 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 programs give students more choices about how they pursue the qualifications for a professional management position.
