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Business Management: What Does it Take?by Amanda Daflosamanda.daflos@hqpublications.com Business Programs Columnist In order to work in small business management or in a business management capacity for a large firm, you will need a fistful of skills which will help you do so successfully. What are those skills and how will a business management program help you do that? First, you must understand the global marketplace. Managing a business, big or small, requires a certain amount of skill. In order to get those skills some work in the field for years before moving up while others go to school in order to get a head start and the information they need to move up at a faster rate. While it is complex, it is imperative for those who hope to build their career in an environment that is constantly changing and growing, as the business arena is. Among other things, you will study interpersonal and intercultural communication, organizational management, marketing, technological expertise and leadership.
How You Can Apply your DegreeThere are many ways to apply your degree so understanding the arena in which you want to work is critical. For example, do you want to work in a domestic business firm or would you prefer to work in international business management? International business management is both interesting and competitive but generally requires some additional skills beyond understanding business. Most international business managers must understand several languages and have a working knowledge of the nations and regions of the world they will specialize in. Those interested in a smaller setting may choose to work in small business management. As a small business manager, you will require a slightly different skill set and training. Further, you will often be required to do things in a more hands on way which can get complicated and frustrating at times but is generally considered par for the course. The Job OutlookAs long as business exists, managers will be critical to the success of industry. They will be required to steer employees and programs in the right direction. Further, they will be required in order to oversee operations and ensure that things are conducted in a systematic and timely way. According to the U.S. Department of Labor, business managers are a critical component in any company or organization and are often compensated very well. Depending on the size and nature of the firm you work for, you could earn anywhere from $40,000 to $150,000 annually. Large corporations offer their managers higher salaries and often include bonuses and additional incentives. The work generally requires long hours and extensive travel but it is rewarding and well paid. About the Author Amanda Daflos is the Founder and President of Aleigh Productions, a public relations and event consulting firm based in Colorado which specializes in work with non-profit organizations and initiatives as well as small businesses and corporations. Academically trained at Hamilton College in Clinton, New York and currently completing a master’s degree in public administration at the University of Colorado, Amanda works to promote individuals and corporations and brings their special events to life. Source
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