Students who earn a management degree in business develop knowledge of a manager's duties. Effective business managers consistently enact the five responsibilities of supervision: planning, organizing, leading, coordination and control. A business management degree offers students opportunities to experience these five responsibilities, opportunities that create confident, expert business managers.
Determining the direction of the business is management's initial obligation. 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. It also involves the determination of resources required to deliver the business objective and estimating the required time to complete the plan.
After creation of the business plan, the planning process must take further steps. As the team carries out the plan, the manager reviews progress at recurring intervals and amends the document plan regularly. The dissemination of the plan is followed by reviewing the feedback appropriately.
Organizing is the second function in management. After reviewing the plan, managers delegate individual assignments to team members to create an environment of accountability and transparency. Managers both delegate assignments to team members and supply them with the prerequisite materials to guarantee timely completion of the task.
The third function of business management is leading. Charismatic leaders have faith in their team and themselves, both of which promote confidence. This confidence is reflected in the attitude and performance of a leader's subordinates through loyalty and commitment to their work.
Leadership that rigidly follows procedures for the sake of consistency is missing key qualities of good leadership, flexibility and adaptability. Keeping an open mind about arising trends, a manager must also convey the importance of improvement, transformation and development to his employees. Business growth requires fresh thought, invention and the motivation to act.
When opportunities are apparent, leaders must use their vision to respond appropriately to change. Employees will learn to delegate responsibility to the appropriate individual if their manager encourages this through his actions. An effective leader communicates trust by giving employees duties within the employee's competence.
The final two responsibilities of management produce coordination among team members and effective order in the workplace. A leader who effectively coordinates establishes a high degree of collaboration between employees. The result of coordination of staff creates an environment where everyone is on the same page and steps toward the goal can be easily identified.
A successfully performing manager requires accountability through which he guides his staff and team to achieve commendable results. Employees follow a good business manager because they admire his integrity, commitment and capacity. A manager, who earns the respect and trust of his staff, and exercises control over them, is better positioned to deliver results and attain business goals, with the help of his team.
A well run business results from a balance of planning, organization, leadership, coordination and control. Management skills need to be learned and practiced in order to have an impact in any business endeavor. Business management degree online programs give students more choices about how they pursue the qualifications for a professional management position.
