Students who earn a management degree in business develop knowledge of a manager's duties. Application of the five principles of management, planning, organizing, leading, coordination and control, is a manager's essential role as director of a team. Empowered by the five requisite responsibilities of management, students gain the tools to become master managers.
The initial responsibility of management is establishing a plan for the business. Establishing outcomes, or planning, requires a shared vision or set of results for a business plan, and establishing steps that lead to the realization of the desired goals or outcomes. Planning also requires awareness of necessary resources and time needed to complete the project.
As an initial accomplishment, the business plan allows the planning process to focus on subsequent requirements of a sound process. Daily plan review and progress monitoring are necessary if the supervisor is to update the plan document conscientiously. After relaying the plan to relevant stakeholders, managers should make time to consider feedback.
Organizing is the second function in management. Based on the business plan, strategies and activities are determined and categorized on the basis of the person or team responsible for carrying out the said activities. A team member expects his manager to not only give him an assignment but also to supply him with the means to complete it.
After the first two skills comes leadership. A manager establishes credibility by demonstration self-confidence. The confidence of a leader comes back to him in the form of team loyalty and dedication.
Good managers understand that sometimes established practices will hinder success, and they must adjust their methods to gain an outcome. Managers must be receptive to innovation and improvement, and they must transmit to team members the values of creativity, curiosity and improvement. Innovation is important to business growth, and it involves the creative use of one's imagination and a thrust to take action.
Unexpected urgencies require a leader to make decisions quickly and act decisively. Seeing a leader's proactive attitudes, an employee will assume responsibility to assign duties to the appropriate individual. Assigning employees to jobs within their ability, managers effectively use their employees' skills to maximum benefit.
The final responsibilities of a manager are coordination and control. A sign of a leader's ability to coordinate is productive communication between stakeholders in the business. The result of coordination of staff creates an environment where everyone is on the same page and steps toward the goal can be easily identified.
An effective supervisor establishes authority over employees and guides his team confidently. Strong managers inspire their team members to emulate their ability, ethics and dedication. One benefit of the manager who gains the trust and credibility of his staff is that his staff passionately assists him in his goal of delivering excellent results.
A well run business results from a balance of planning, organization, leadership, coordination and control. Management skills must not only be known but also incorporated into daily management style to leverage the success of the business. Business management degree online programs give students more choices about how they pursue the qualifications for a professional management position.
