Business management is the process of overseeing and coordinating a variety of tasks within a company or an organization. This involves directing, supervising and controlling the employees financial resources, people, and physical assets of a company with the goal to achieve the long-term goals set by the business. Business managers are responsible for assessing risk and mitigating it.
A career in business management could lead to a wide number of opportunities, not just within for-profit businesses. Business managers can be employed by nonprofit organisations, government agencies and even community groups to oversee their operations. Business managers have different job requirements, but they all must be able to make intelligent decisions and solve problems.
This may include evaluating and analyzing data, making strategies, or communicating with suppliers, customers and competitors to determine and resolve issues that may arise. Business managers must be able to think in the big picture and see the bigger picture to set realistic and ambitious business goals that will keep their companies growing.
The ability to effectively delegate is a important skill required by business managers. They can concentrate on the tasks they are most suited to and ensures that important work is not left unfinished. A clear system can help prevent misunderstandings, miscommunications and even missed deadlines.
Students who are looking to start a career that is exciting and has a major impact should consider a program in business administration. American Public University offers undergraduate and graduate degrees in business management, including an online bachelor of arts in management, as well as the master of business administration (MBA). Contact us to find out more about our flexible, affordable and fully accredited programs.