Wealth And Fame Do Matter A business manager is a person who leads a group and runs the business. Many people desire to become a businessman because of the income and fame. But also consider of the challenges and difficulties, many of them will finally fail and quit to find another way for living. Although becoming a business manager nowadays seems like a rough and tough challenge, people still want to be part of this field. As an competent business manager, people need to have strong self-management skills. So they must have a specific schedule and follow it. Also they need to have some leadership and social communication experiences. In this sense, abilities of self-control, leadership skills and sociability are necessary to be as a business manager. Business is a world full of opportunities. Because there are as many business as there are services, products and thoughts. That means, there are as many competitors as there are chances. The world of business is filled with opportunities and challenges. The career of business manager has began with the industrial age. For proof from the database, in the industrial age, as a complex factory system became completed, the quantity of workers grew fast. And the workers became professional in their job. Therefore, they needed some people to operate the workers and organize their works. Facts from database says, “workers became specialized in a limited number of tasks, which required managers to coordinate and oversee production ”( Business Managers). At that time, a manager was just a leader of the group and made sure every single person is working on their spot. But as there more and more new products appeared on the market, the factory system divided into different departments to process. In this case, management more specialized and more complex. According to the database, “as businesses began to diversify their production, industries became so complex that their management had to be divided among several different managers, as opposed to one central, authoritarian manager ”(Business Managers). There were some larger companies have been created and business manager has became a major career in the 1920s. Nowadays, business become one of the most important part of world. Business becomes a important life in the ancient time and it also helps the United Stats became independent. According to the article on the database, “as long as people have been exchanging goods and services for payment of some sort, business transactions have been a part of life. Business was one of the factors that led to American independence, when the early settlers, who wanted to develop their own businesses and industries, rebelled against England's economic constraints ”(Business). Basically, business is a service offering products which people needs and makes profit. Article for proving says, “all businesses can be defined as organizations that provide customers with the goods and services they want. Most businesses attempt to make a profit, that is, make more money than it takes to run the business ”(Overview) Although being a business manager is a challenging and stressful career, there are still millions of people who desire to get involved. The benefits in this job must be the most important reasons why so many people choose this valuable career. The impressive income must be one of the various benefits that makes this career desirable. In addition, “top-level managers in large businesses are among today's highest paid workers and can earn much more than their counterparts in small firms” (Business Managers). A better life will be many of business manager’s goal. Nowadays, billions of people stand on the earth work so hard everyday to make themselves a better life. And what makes a better life, wealth is most simple and basic answer. Here are some datas from the database, “According to the U.S. Department of Labor, general managers had a median yearly income of $77,420 in 2004. The
Related Documents: Management and Business Manager Essay
Operations management has had to deal with a new type of business management in a business world that is vastly changing with new technology. Operations managers have had to adjust and retool how business is done since the inception of e-commerce. The impact that e-commerce has had on how an operations manager address a situation can vary from extreme to barely noticeable. Management has also had to learn how to adopt new technology with the growing e-commerce world. This has brought obstacles and…
#1 Briefly describe the four management functions 1. Planning: includes defining goals, establishing strategy and developing plans to coordinate activities. 2. Organizing: is determining what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom and where decisions are to be made. 3. Leading: includes motivating subordinates, directing others, selecting the most effective communication channels and resolving conflicts. 4. Controlling: is monitoring activities…
Four Functions of Management Rental Management Incorporated uses the four functions of management in its operations. The main objective of an organization is to achieve its mission. In order for the organization to reach its max potential, it needs to include the foundation of the four functions of management: planning, organizing, leading, and controlling. The understanding of the functions and how the organization uses them in its day-to-day process is important among the management team. Rental Management…
Functional Areas of Business Paper XXXXX MGT/521 June 8, 2015 Professor XXXX Functional Areas of Business Paper Understanding the importance of managers in today’s corporate world is crucial for an individual with a special interest in business management practices, especially if pursuing a Masters of Business Administration. According to Robbins and Coulter (2012), managers are important for three main reasons: organizations need their skills, they get things done, and they do matter. The responsibility…
preparing for a future career. The three careers that were chosen for this assignment of a professional plan are food service management, marketing management, and accountants. I choose food service management because I would love to own my own restaurant. Owning my own restaurant has always been a dream of mine and it is a goal that I would soon accomplish. I choose marketing management because it has a lot to do promotion and sales and managing over my own department of marketing. I choose accountant because…
Functional Areas of Business Angela B. Ball MGT/521 February 25, 2014 Dr. Nancy Atkins Functional Areas of Business A business consists of four areas of functionality – marketing, production, finance, and personnel. Marketing is the method used to move a product or service from its idea to customer consumption. Production is the process of creating a good or service. Finance is the manner in which a company handles and uses money. Personnel are the people employed by a business or organization. Each…
Functional Areas of Business MGT/521 October 12, 2012 Functional Areas of Business The pursuit of the MBA focuses on developing leaders in the area of business administration. Business leader development includes the study on functional areas of business and roles that managers take to be effective leaders using this information. This paper will focus on two functional areas of business and also explain the role of the manager in our areas. Human Resources and Project Management The first area…
Functions of Management There are many businesses around the world that are successful just for the simple fact that they have an efficient and productive management team. Most managers have been taught the four functions of management and know how to use them to their advantage. The four functions of management are planning, organizing, leading, and controlling. Using these four functions can enable businesses to operate at their maximum potential however failing to implement the four functions…
Functional Areas of Business Paul R. Rezendes MGT/521 Feb-4th, 2015 Robert Key Pursuing a Master’s in Business Administration (MBA) is going to be a challenge for me. With my military leadership and management background combined with the recent completion of a 20 year naval career, it is one I am more than ready for. Successfully converting this military management knowledge over to the functional areas of business and relating them to this degree is my ultimate goal. This paper will focus on analyzing…
Part 1: Introduction to Organisations and Management What is an organisation? • Organisation: -‐A deliberate arrangement of people to accomplish some specific purpose -‐Refers to an entity that has a distinct purpose, includes people and has some type of deliberate structure • E.g. TAFE, university, government…