Business Managers. Job Outlook Κόττη Παρασκευή (Εύη) Α’ Εξάμηνο - ΣΔΟ ΤΕΙ ΚΡΗΤΗΣ
Types of Business 1. Service Business (professional skills, expertise, advice) Ex. repair shops, schools, banks, accounting firms, law firms. 2. Merchandising Business ("buy and sell" business) Ex. grocery stores, convenience stores. 3. Manufacturing Business (raw materials, labour, and factory overhead) 4. Hybrid Business (fall into more than one category)
Business Size l l l - Small (<50 employees) Medium (50 - 249 employees) Large (≥ 250 employees) Small and Medium Enterprises = Small and Medium-sized Enterprises (SMEs) = Small and Medium-sized Businesses (SMBs)
The role of a Business Manager l Highly contributes to the business’s profitability and viability
Job Duties - 1 1. Assists companies in reaching goals & objectives: sales, productivity, profitability; 2. Supervises a certain/all department(s); 3. Directs the overall operation of a business; 4. Analyses data; 5. Makes crucial decisions; 6. Hires, trains, assesses employees’ performance;
Job Duties - 2 7. Ensures that company financial goals are met; 8. Develops and implements budgets; 9. Prepares reports; 10. Ensures the company has adequate & suitable resources (people, material, equipment); 11. Negotiates with staff and clients; 12. Motivates workers and provides feedback.
Areas of Specialisation l Finance, accounting, auditing, budgeting, purchasing, sales, marketing, public relations, research, operations analysis, data processing, mathematics, statistics, economics, production, organisational behaviour
Working Conditions & Salary l l l Competitive atmosphere & Negotiation Frequent meetings & travelling Overtime work & irregular hours Must meet strict deadlines High salary & Good benefits Secretary, Assistants & Support staff
Preferred performance-based Bonus
Education & Training Small business: l BA in Business Administration; l Work their way up. Large business: l Often, a Master’s degree; l Managerial experience.
Sources: https: //www. softwareadvice. com/resources/best-company-bonus structure/ https: //www. floridatechonline. com/blog/business-managercareer-job-outlook/ http: //www. accountingverse. com/accounting-basics/types-ofbusinesses. html https: //www. payscale. com/research/UK/Job=Business_Manager/Salary https: //business. illinois. edu/ba/doctoral/areas/ https: //www. totaljobs. com/salary-checker/average-business manager-salary http: //support. spikescavell. com/faqs/what-is-the-definition-of-smallmedium-and-large-business-within-the-observatory/
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