As we turn toward a global economy, successful managers will be required to have a working knowledge of the international business environment.
Each managerial position in every firm or organization is unique, fulfilling the specific requirements of the organization. A manager is an active member of the management team and is skilled in teamwork, decision making, leadership, communication, and interpersonal relationships.
Functions of a Manager
- Planning: involves defining organizational goals, setting objectives, and developing short and long term strategic planning.
- Organizing and Administration: establishes the structure which enables employees to work together efficiently and productively, to accomplish plans and to meet the organization's goals.
- Leading: The manager is a motivator, helps create a good work environment, and is involved in training employees as well as assigning responsibilities and delegating authority. They manage conflict and change.
- Controlling: requires managers to receive the information necessary to evaluate employee performance and progress of the firm's strategic objectives and take corrective action if required.