Business management can be consist of a wide spectrum of duties due to the diverse nature of the topic itself. However, the consistent virtues of a business manager are relatively the same. Business management is the art of leading, developing, organizing, controlling, and fulfilling a need in exchange for compensation.
We will speak about four of these qualities as they pertain to business management using a News Stations as an example.
Planning or Developing:
As a manager, you were hired due to the promise you could bring value to the company or business. You may not be an expert in compiling exciting features or gathering news headlines, but what you do best in behind the scenes. The sports anchor, meteorologist, reporters, all the way down to the cameraman need planning to produce quality content. Your job is to devise ways to develop a successful day of news-telling by planning out everything that needs to be done. This could apply to costs associated with performing certain job tasks and requirements or drawing up a job overview for the day.
Whether you are a floor general or a department head, your job is to organize not just the daily activities, but the outlook down the road a month from to forecasting the sales, predicting cash flow, and lumping it all together in a clear and concise way. If you can’t organize your team, you are likely to have a dysfunctional news crew looking to add their own preference to the broadcast. By keeping a program airtight the better the chance your broadcast, later on, will be compact and organized.
A manager is a leader through and through. The better the leader you are, the higher the morale is in the workplace. How you lead individually may not be the same to another individual. As a leader, your job is to get as much value out of a person as possible, while making them feel respected, wanted, and appreciated. It’s not the easiest task of a manager, but the most rewarding when done right.
Fulfilling is simply doing. You are there to add an increased value and to get everyone on the same page. Your position is to execute. By bringing the value together to your customer and selling the brand effectively, you are providing the company value to compensation. This makes you a successful business manager.
Even though this is a small sample of the diverse platform of business management, certain traits are generally related to the world of management. Customer satisfaction, consistency, with an ability to communicate, interact, and produce a valuable return to the company is what will determine how well you are at business management.