What Does a Business Manager Do? (And How to Become One)

A business manager is a person or a software platform who supervises and manages numerous areas of a company's activities to ensure its smooth operation and success. Business managers make strategic decisions, create goals, allocate resources, and manage teams to fulfill the organization's goals. Budgets are often managed, resources are allocated, performance measures are monitored, and efforts to improve efficiency and profitability are implemented. Business managers can exist at several organizational levels, from department heads directing specific functional areas to top-level executives determining the company's overall direction. Their role necessitates leadership, problem-solving, communication, and decision-making abilities as they manage the complexities of internal and external elements that influence a company's performance.

Skills every business manager should possess

Effective business managers should have a varied set of talents to traverse the complicated terrain of modern organizations and achieve success. Here are some essential competencies that any business manager should try to achieve:

1. Communication

Communicating goals, expectations, and changes to team members, stakeholders, and superiors clearly and effectively is critical. Business managers should excel at verbal and written communication to minimize misunderstandings and ensure everyone is on the same page.

2. Problem-Solving

Daily, business managers face a variety of challenges and hurdles. It is critical for sustaining operating efficiency and responding to changing circumstances to assess problems, identify root causes, and generate inventive solutions.

3. Strategic Thinking

Business managers must think beyond day-to-day duties and consider the organization's long-term goals and direction. Strategic thinking entails analyzing market trends, recognizing opportunities, and aligning activities with the broader vision of the firm.

4. Time Management

Managers must efficiently allocate their time and prioritize work when they have multiple duties. Time management abilities ensure that critical tasks are accomplished on time and with high quality.

5. Adaptability

The business landscape is constantly changing. Managers must adapt to technological changes, market conditions, and organizational structures and be prepared to pivot strategies as needed.

6. Negotiation

Negotiation skills are essential when negotiating with suppliers, clients, or internal stakeholders to create deals that benefit all parties involved.

7. Leadership

Business leaders must motivate and drive their people to achieve common goals. Setting a clear vision, encouraging people, and building a happy and productive work atmosphere exemplify strong leadership skills.

8. Project Management

The ability to design, execute, and monitor projects is critical for effective resource utilization and timely results delivery.

9. Networking

Building a solid professional network can provide valuable insights, opportunities, and collaborations that benefit the business and the manager's career.

10. Tech-Savviness

In today's digital age, familiarity with technology tools and software relevant to the industry is essential for efficient operations and staying competitive.

How to Become A Business Manager

As of 2023, becoming a company manager necessitates a dynamic combination of education, abilities, and adaptation to the changing corporate world. Begin by earning a bachelor's degree in a relevant field such as business administration, management, economics, or a specialty area matched with your interests. Adopt digital literacy and remain current on technological advancements shaping industries today. Internships, entry-level positions, and freelance assignments can help you gain hands-on experience in real-world business operations. Using online courses, workshops, and certifications targeted to the modern corporate world, you may hone your leadership, communication, problem-solving, and data analysis abilities. Networking is essential; use social media platforms and attend business events to meet professionals and mentors who may provide assistance and chances. As remote work and virtual collaboration have grown in popularity, mastering digital communication tools has become critical. Demonstrate your adaptability, inventive thinking, and ethical beliefs throughout your career. Demonstrate your achievements by maintaining a solid online presence, which includes a well-crafted LinkedIn profile and a portfolio of your work. You may position yourself as a qualified and adaptable business manager in 2023 and beyond by constantly learning, accepting change, and being current with industry trends.

Entrepreneurship at Sampoerna University

Sampoerna University is a fully accredited university in Indonesia that offers the best choice for those seeking excellent international education. Sampoerna University is a private, non-denominational, non-profit university licensed and certified by the Republic of Indonesia's Ministry of Education, Culture, Research, and Technology. Formed according to national and international standards, Sampoerna University is qualified to contribute to society through education substantially. The Faculty at Sampoerna University comprises professors, associate professors, assistant professors, lecturers, and researchers specializing in various fields of study. They hold advanced degrees from prestigious universities in Indonesia and abroad, and many have extensive industry experience. Sampoerna University offers a range of entrepreneurship courses as part of its undergraduate programs. These courses focus on developing entrepreneurial skills, including opportunity recognition, business planning, marketing strategies, financial management, and innovation. Students learn to assess market feasibility, create business models, and develop sustainable business strategies. Sampoerna University collaborates with industry partners, start-up incubators, and entrepreneurial organizations to provide students with practical exposure and real-world experiences. Through these partnerships, students can participate in internships, industry projects, and mentorship programs, gaining valuable insights into the business world and entrepreneurial practices. The University emphasizes entrepreneurship as a critical component of its educational approach. 9 of 10 graduates get employed three months after graduation*. Immediately register to participate in the new student admissions process for the 2023-2024 year here. Our Admission Team will contact you soon to provide more detailed information. Schedule with us whenever you want to visit campus tours on-site or virtual! *Based on graduating cohort 2020-2022