Description
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.
EssentialOptional
Theoretical Knowledge
business communicationbusiness lawcompany policiesbusiness management principlesrisk identificationcost managementstrategic planningcorporate social responsibilityfinancial forecastingfinancial jurisdictionmarketing principlesfinancial managementproject managementsubsidiary operationsbanking activitiesmarket entry planningaccountingbusiness process modellingfinancial statementsbusiness loanshuman resource managementcorporate lawsupply chain managementinternational trademarketing management
Practical Skills
negotiate with stakeholdersconclude business agreementsdevelop company strategiescontrol financial resourcesdevelop business plansensure lawful business operationsassume responsibility for the management of a businessfollow company standardsbuild business relationshipsmanage staffdevelop revenue generation strategiesanalyse business plansanalyse business processestrack key performance indicatorscreate a work atmosphere of continuous improvementcollaborate in company's daily operationsliaise with managersplan medium to long term objectivesabide by business ethical code of conductsmake strategic business decisionsintegrate strategic foundation in daily performancerecruit employeesexercise stewardshipstrive for company growthapply business acumencreate a financial planmanage office facility systemsestablish communication with foreign culturesexecute marketing plananalyse financial riskprepare financial statementsprospect new regional contractsintegrate headquarter's guidelines into local operationsevaluate performance of organisational collaboratorsspeak different languagesdevelop organisational policiesreport on overall management of a businessinteract with the board of directorsmanage contractsliaise with local authoritiesorganise participation in local or international eventsplan health and safety proceduresshape corporate culturealign efforts towards business developmentcreate a financial reportfollow the statutory obligationsmanage budgetsimpart business plans to collaboratorsshare good practices across subsidiariesdevelop professional networkoversee quality controlshape organisational teams based on competenciesmaintain relationship with customerssynthesise financial informationanalyse market financial trendsmanage financial riskdescribe the financial situation of a regionmanage relationships with stakeholderskeep updated on the political landscape