business manager
Business managers are responsible for setting the objectives of the business unit of a company, creating a plan for the operations, and facilitating the achievement of the objectives and implementation of the plan together with employees of the segment and stakeholders. They keep an overview of the business, understand detailed information of the business unit and support the department, and make decisions based on the information at hand.
Also called: general manager, operations manager, team manager, vice-president, business unit manager, corporate service manager, business coordinator, commercial specialist
- 35
- essential skills
- 49
- optional skills
- 8
- related roles
- 1213
- ISCO-08 group
Where you can go from here
8 rolesOccupations sharing the most essential skills with this one. The number is a count, not an opinion.
- branch managerWhat changes?31 skills in common
- department managerWhat changes?15 skills in common
- bank managerWhat changes?13 skills in common
- chief executive officer13 skills in common
- medical practice manager13 skills in common
- budget manager11 skills in common
- chief operating officer11 skills in common
- business intelligence manager10 skills in common
Essential skills
35- abide by business ethical code of conducts
- analyse business plans
- analyse business processes
- apply business acumen
- assume responsibility for the management of a business
- build business relationships
- business communication
- business law
- business management principles
- collaborate in company's daily operations
- company policies
- conclude business agreements
- control financial resources
- corporate social responsibility
- cost management
- create a financial plan
- create a work atmosphere of continuous improvement
- develop business plans
- develop company strategies
- develop revenue generation strategies
- ensure lawful business operations
- exercise stewardship
- financial forecasting
- follow company standards
- integrate strategic foundation in daily performance
- liaise with managers
- make strategic business decisions
- manage staff
- negotiate with stakeholders
- plan medium to long term objectives
- recruit employees
- risk identification
- strategic planning
- strive for company growth
- track key performance indicators
Optional skills
49- accounting
- align efforts towards business development
- analyse financial risk
- analyse market financial trends
- banking activities
- business loans
- business process modelling
- corporate law
- create a financial report
- describe the financial situation of a region
- develop organisational policies
- develop professional network
- establish communication with foreign cultures
- evaluate performance of organisational collaborators
- execute marketing plan
- financial jurisdiction
- financial management
- financial statements
- follow the statutory obligations
- human resource management
- impart business plans to collaborators
- integrate headquarter's guidelines into local operations
- interact with the board of directors
- international trade
- keep updated on the political landscape
- liaise with local authorities
- maintain relationship with customers
- manage budgets
- manage contracts
- manage financial risk
- manage office facility systems
- manage relationships with stakeholders
- market entry planning
- marketing management
- marketing principles
- organise participation in local or international events
- oversee quality control
- plan health and safety procedures
- prepare financial statements
- project management
- prospect new regional contracts
- report on overall management of a business
- shape corporate culture
- shape organisational teams based on competencies
- share good practices across subsidiaries
- speak different languages
- subsidiary operations
- supply chain management
- synthesise financial information
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How close are you to being a business manager?
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