Jobs For Business Management

There is no dearth of MBA Jobs for Business Management in this aggressively competitive era of globalization. In fact, MBA jobs are available in all fields of business. Business management is an inevitable aspect for the success of each organization today.

Industries ranging from travel and tourism to medical and health, from hospitality to Information Technology and from advertising to PR have varied roles for management personnel. Having technical knowledge pertaining to any of these fields is not sufficient. Sound management skills are necessary for the sustenance and growth of any business.

The Traits of an MBA Professional

Some of the distinguished characteristics of a trained management professional are:

• Articulation, both verbal and written
• The ability to communicate the right message across confidently
• The knack of understanding and handling and managing a variety of people across domains
• Excellent team workers and leaders
• Quick grasping abilities and implementation skills

Moreover, following are some important things to note:

• Business management skills are inherent to a successful MBA professional.
• A successful manager is the one who can adapt himself to the requirements of the rapidly changing industry standards;
• And demonstrate the same level of finesse across various facets of business management.

Today, a business management professional has a multitude of options to choose from while selecting their field of specialization. The term business management is not limited to managing a standard entrepreneurial venture or a family-run business. There is an incredible amount of diversity in MBA jobs across industries. Let’s discuss a few among the most popular MBA jobs.

MBA Jobs in Finance and Accounting

Among the most sought after are the MBAs with an accounting experience or specialization. This is one field which never goes out of demand. Whether it’s a public or private firm or a government concern, MBA jobs in accounting are diverse in roles and functions viz.

• Management of accounts receivable or payable units or transactions
• Preparation of Taxation documents
• Financial and Budget Analysis
• Financial Planning, Management and Tracking
• Investment Banking

MBA Jobs in Business Management

The essence of the role of an MBA is to manage people and accomplish a task by getting work done successfully. MBA jobs in the following fields require the same level of expertise:

• An HR job entails managing man power to the best for company’s optimum growth
• Operations management encompasses managing each task for the overall smooth operation of a business unit
• Supply Chain Management includes devising and implementing procurement strategies, logistics and ensuring JIT delivery

MBA Jobs in Information Technology

The field of IT needs MBA professionals for various project needs:

• Supervision of IT staff and project management
• Implementation of Management Information System
• Management of Database Administration

MBA Jobs in Marketing

The trade and commerce world today would be incomplete without the efforts of its marketing professionals. Marketing is a key element for the success of every small or large business endeavor. MBA Jobs in marketing exist in the following areas:

• Brand building
• Advertisement and Promotions
• Public Relationship Management
• Market Research and Analysis

The job opportunities for experienced, versatile and skillful MBA professionals across industries are practically endless. A business management degree is highly reputable and desired for the management of entrepreneurial ventures, global trade, product development, corporate communications and the field of consulting.

The Role of an Online Business

Many business owners are a little confused between an Online Business Manager and a Virtual Assistant – they think they’re one and the same. To some extent they are, but there is a role for both types of virtual support professional in your business. And it very much depends on where you’re at in your business.

To put simply, I equate an Online Business Manager with the traditional Office Manager/Executive Personal Assistant in the corporate world; and a virtual assistant with an administrative assistant. I think most people understand these concepts. So in an online business, the Online Business Manager and Virtual Assistant fulfill these same roles.

When you first start out in your business, you typically have very few clients; your marketing strategies are simple; and you have a limited budget. In this situation a Virtual Assistant can fully support you and take some of the basic day-to-day tasks off your plate, leaving you to build and grow your business.

But as you do your job in growing your business – you get more clients, your income increases, you start to offer products and programs – then typically you’ll find yourself not only growing the business and working with clients, but also managing a lot of the day-to-day activities that you shouldn’t really be managing. This shows up in ways such as:

  • Knowing that you don’t have enough systems in place, but not having the time to put them together.
  • There’s so much going on in your business that you don’t know what’s getting done and what isn’t.
  • Delegating work between your Virtual Assistant, your web designer, your graphic designer, or your affiliate manager, and having to constantly check in with them.
  • Not having the technical expertise (either yourself or your team) to get your Infusionsoft or 1ShoppingCart account set up properly.

And as a result you become frustrated and overwhelmed, and all the fun goes out of running your projects. A lot of those projects you want to implement, which you know will generate additional revenues for you, are getting put on the back burner because you’re spending most of your time putting out fires.

This is when you need… an Online Business Manager!

Visuzalize an organizational chart, the Online Business Manager will sit between you and your team members. They can see the Big Picture for your business (because they’re big thinker strategists), but they are also be able to break down that picture into step-by-step projects to delegate to your team.

Your Online Business Manager will take responsibility for:

  • Project Management – setting up that new online program or membership portal.
  • Operations Management – ensuring that your Infusionsoft or 1ShoppingCart account is set up correctly to deliver your automated marketing plan, programs, and products.
  • Metrics Management – tracking your stats so you know exactly what’s working in your business and what isn’t.
  • People Management – managing the day-to-day tasks of your team members so that you don’t have to.

And your time is freed up to focus on growing your business. The result… your Big Picture gets implemented and your goals are achieved!

Understanding how these various roles fit into an online business will help you determine the best needs for your business. You’ll be able to hire the right team member, at the right time.

And when you have this level of support – someone who understands both business strategy and is very detail oriented – you have a winning combination for growing your business from five figures into six figures and beyond.

Business Management Training Provides

Since the turn of the 21st century, the world of business has become much more involved. With the complexities of rapidly expanding technology and economic globalization, it is essential for organizations to develop tools for strategic analysis to ensure their ability to compete as an industry leader. Professionals are increasingly looking towards business management training to develop those tools for the present and the future. Professionals must understand the nuances of technology and where the future of technology is taking businesses. Additionally, professionals should understand the role that globalization has on connecting all businesses around the world. Companies that do not understand globalization and technology will not be able to make an advantageous capital investment decision to sustain the success of a business.

To stay ahead of the curve, professionals looking for success are taking advantage of every opportunity to learn more about the changes in the business world. One opportunity is business management training, which provides managers with a tool kit to think strategically, assess the financial implications of their decisions, mobilize change within an organization, and communicate with other business leaders. The success of a company relies on managers mastering those capabilities. Managers cannot rely solely upon the ability to read and interpret income statements and balance sheets and cash flow statements. A manager that is properly trained should be able to take those spreadsheets and conduct advanced analysis of their firm’s financial performance. This includes timeline analysis to track cash flow and payments and establish the value of securities and investments, determining overall cost effectiveness. Business management training provides managers with the overall ability to chart the future of the company as well as manage for bottom-line performance.

Business forecasting is critical to the long term growth and survival of a business. The many economic, competitive, and global factors that influence how a manager conducts business are constantly changing. Despite the dynamic nature of business, in order to make a good capital investment decision, managers must determine the feasibility of new initiatives with thorough research and analysis using financial decision-making tools. The firm’s capital funds must be allocated in the most efficient manner in order to provide the business with the best return possible. The risk analysis must be tailored to the current and future market. With today’s delicate global market, it is imperative that managers make smart decisions about projects and initiative. To do so, managers must weigh costs versus future revenues and consider all possible outcomes. A capital investment decision can completely alter the face of a business. A manager that utilizes all the tools and training available will be able to make decisions that will sustain the success of a company for a long time.

The world is changing faster now than ever. Global economies are fully connected and decisions made across the world can affect the future revenues of any small business. Business management training prepares professionals to handle all the different variables that go into making a capital investment decision. Managers must utilize all of the tools at their disposal to maintain the bottom line of their business. With proper training and hard work, a manager can succeed in leading a business by using globalization and technology as tools for future success.

Small Business Management Software

The good business management software provides an overall view of the business and facilitates the quick emergence of informed decisions, helping decision makers to do their job with a flourish. This software helps to provide a crucial financial summary that will create the right comprehension in businesses to take corrective action and take the company on a path of growth, success and affluence.

You cannot access most effective Business Management Software in ready-made form. Since, businesses differ in their structure, products and service; you need tailored software to suit the requirements of each particular organization before implementing it. Normally it would take about 60 to 90 days from the first appraisal, for developing and implementing and finished Business Management Software. When you have implemented the software, you will see your organization expand rapidly. Most specialized software developers focus on customized software for business management and they have the best expertise in project management for designing the software.

Most Business Management Software developers facilitate switching the program on or off according to customer requirements and integrate the program with any of your existing software. You should approach the project managers of these software development organizations to give you a real idea of how they can help you to take your business to the next level.

Small business management software can handle all matters pertaining to the business of a small organization with about 50 employees, confirming the condition that even a small business organization can draw benefits from it. When you combine enterprise resource planning (ERP) software with manufacturing business software, you can access a wide range of data across your business. This helps in quick decision-making and fast execution of a project. Moreover, such software enables the multipurpose activities of creation and storage of documents, invoices calendars and time sheets without suffering the problems of space and loading time on your office systems. The ERP software not only provides internal and external data within a single software application but also revisits the production schedules and staff initiatives. Please read below and find some of the best tips to select a good small business management software.

1. Break down all your business processes requirements like marketing, sales, HR and operational functioning and accounting. Then go for software customized for your business or ERP management software to do your job.

2. Next, select between SAAS and installed software. Both have their advantages. For example, the installation program is more secure but the SAAS is more user-friendly for making payments only according to your needs. Universal software is better than individual software, because it is compatible with all business functions.

3. Go for a business management software or ERP that will give you a demo of the working of the software. Insist on a live demo before parting with your cash.

4. When you have only about 50 employees, select compatible business management software.

5. Select software, which has a good support system with 24×7 active customer support.

Characteristics of Business

All activities performed by a manger to get things done through others are known as management. In other words, management is to manage human and other resources tactfully for the achievement of organizational goals. It is universal in all organized activities. It is an exercise of harmonizing men, money, machines, materials and methods towards fulfilling the defined objectives.

Check our list of characteristics of business management

Goal oriented

Every organization is established for a specific objective. Management is an instrument or system that contributes for the efficient use of human and other resources to achieve predetermined objectives. The main objective of business management is to maximize productivity with optimum use of human effort.

Universal activity

Management is essential where human activity exists. The process of business management may be different from organization to organization but the basic principles of management are same. It can be said that the management principles are universally applicable.

Social process

Business management is a part of social process. Management achieves its objectives by, with, and through the people. It utilizes human resources for the achievement of organizational goals. Management has to consider not only the organizational objectives but also the social objectives. It has to fulfill the needs of employees within the organizational resources.

Dynamic/modifiable activity

Management is a dynamic and continuous process. The management system of today may not be applicable or effective for tomorrow. Therefore, management must be dynamic and flexible with the changing environment of the society. Management has to modify its style according to the time and situation. This flexibility is essential for an organization to adjust with the changing environment of the business.

Group activity

The concept of business management is not applicable if there is only one person or proprietor. It represents a team, class or section of people involved in various managerial functions. It is essential if there is a group of people involved in performing any activity to achieve common goals. Management defines the authority, responsibility and procedures to perform specific work.

Distinct process

Management as a process involves various types of functions. One function of management is interrelated with another function. The management clearly defines the specific process of work to achieve predetermined goal. It does not consider the trial and error approach.

Both science and art

Science is a systematized body of knowledge, principal or truth that is experimentally proved. Similarly, art is the personal skill and ability to apply the scientific principles. Management is both science and art. It is a science because it is based on some basic principles of universal application. It is also an art because skill and ability is required for performing managerial functions.

A profession

Profession involves the specific type of work, followed by special knowledge and education. With the development of joint stock companies and multinational companies the ownership and management has been different. Management of huge organizations has been entrusted in the hands of professionals having specific skill and knowledge.

Understanding The Importance Of Business

Businesses will oftentimes benefit from obtaining business management consulting services. These services are especially advantageous to those businesses that are new to the industry. From marketing strategy development to client management to brand marketing, the services are large in number and can be obtained from a wide range of business management consulting firms.

When partnering with such a firm, it is important to obtain services from one that has much experience. A business does not want to partner with a company that has not helped other businesses succeed. To make sure a firm has prior experience, it can be valuable to ask for references, including previous clients who have obtained the firm’s services.

Some business management consulting firms specialize in helping business start-ups. The services they provide tend to include assistance with start-up budgets as well as the development of extensive business management plans. After a business is up and running, the assistance from the firm may be ceased, or if a business prefers, it can continue to obtain services. The length of time that a business partners with a management firm is always determined by the business, never the firm.

If a business is having difficulty with its marketing strategies, it can be of the utmost assistance to obtain services from a business management consulting firm. The firm can help devise marketing techniques that will prove to be effective, with the techniques being based on the industry that the business is operating in as well as the business’s target market. These strategies will not only help to attract new customers but also to retain them.

For businesses that are creating a brand, business management consulting services will also be beneficial. The consulting firm can help a business choose a proper name, create an eye-catching logo, develop a slogan and much more. If a business already has an established brand, the firm can help to improve it. In many instances, obtaining services to help with brand development can be one of the most effective investments the businesses ever make.

Another way that a consulting firm can be of assistance is for businesses that distribute printed marketing materials. They can help develop effective magazines, fliers or whatever type of printed material a business wants to distribute. For companies that offer services and products through the Internet, it is very important for services to be obtained from such a firm. In doing so, the companies can rest assured their content will be displayed in an effective manner, helping to expand their offerings to a global audience.

For those businesses that are into sales, a business management consulting firm can help to generate leads. Many times, the services obtained from the firm prove to be one of the single most effective factors behind a successful sales business. The firm can show a business not only how to find leads but also how to close the deals. Much of the time, they will introduce a business to lead generation techniques that it had not initially thought of.

Challenges In the International Business Management

The company where I was working was taken over by a British multinational company in the mid 1990s. The newly appointed Managing Director from UK, during one of his visits to the plant, inquired how Gujarati people eat food at home. Having heard the response, he decided to sit down on the floor and have Gujarati food, along with all the senior colleagues of the plant.

What was the Managing Director trying to do? He was trying to appreciate the cultural norms of the new place and show his willingness to embrace. Such a behavior by the Managing Director obviously helped the local management open up more during subsequent discussions.

In the last 2 decades, cross-cultural challenges in the international business management have become prominent as the companies have started expanding across the territorial boundaries. Even leading management schools in India have started incorporating cross-cultural challenges as part of the curriculum of the international business management.

“Culture” being one of my interest areas, I recently had accepted an invitation to educate the students of a Diploma program on the International Business Management, on the topic of cross-cultural challenges. For my preparations, I browsed through many books on the subject. My knowledge-base got enriched substantially as the treasure of information contained in these books, was invaluable and highly relevant.

This article is an effort to present, some of the relevant issues related to the cross-cultural challenges in the International Business Management.

What is “Culture”?

Culture is the “acquired knowledge that people use to anticipate events and interpret experiences for generating acceptable social & professional behaviors. This knowledge forms values, creates attitudes and influences behaviors”. Culture is learned through experiences and shared by a large number of people in the society. Further, culture is transferred from one generation to another.

What are the core components of “Culture”?

  • Power distribution – Whether the members of the society follow the hierarchical approach or the egalitarian ideology?

  • Social relationships – Are people more individualistic or they believe in collectivism?

  • Environmental relationships – Do people exploit the environment for their socioeconomic purposes or do they strive to live in harmony with the surroundings?

  • Work patterns – Do people perform one task at a time or they take up multiple tasks at a time?

  • Uncertainty & social control – Whether the members of the society like to avoid uncertainty and be rule-bound or whether the members of the society are more relationship-based and like to deal with the uncertainties as & when they arise?

What are the critical issues that generally surface in cross-cultural teams?

  • Inadequate trust – For example, on one hand a Chinese manager wonders why his Indian teammates speak in Hindi in the office and on the other hand, his teammates argue that when the manager is not around, why they can’t speak in English?

  • Perception – For instance, people from advanced countries consider people from less-developed countries inferior or vice-versa.

  • Inaccurate biases – For example, “Japanese people make decisions in the group” or “Indians do not deliver on time”, are too generalized versions of cultural prejudices.

  • False communication – For example, during discussions, Japanese people nod their heads more as a sign of politeness and not necessarily as an agreement to what is being talked about.

What are the communication styles that are influenced by the culture of the nation?

  • ‘Direct’ or ‘Indirect’ – The messages are explicit and straight in the ‘Direct’ style. However, in the ‘Indirect’ style, the messages are more implicit & contextual.

  • ‘Elaborate’ or ‘Exact’ or ‘Succinct’ – In the ‘Elaborate’ style, the speaker talks a lot & repeats many times. In the ‘Exact’ style, the speaker is precise with minimum repetitions and in the ‘Succinct’ style; the speaker uses fewer words with moderate repetitions & uses nonverbal cues.

  • ‘Contextual’ or ‘Personal’ – In the ‘Contextual’ style, the focus is on the speaker’s title or designation & hierarchical relationships. However, in the ‘Personal’ style, the focus is on the speaker’s individual achievements & there is minimum reference to the hierarchical relationships.

  • ‘Affective’ or ‘Instrumental’ – In the ‘Affective’ style, the communication is more relationship-oriented and listeners need to understand meanings based on nonverbal clues. Whereas in the ‘Instrumental’ style, the speaker is more goal-oriented and uses direct language with minimum nonverbal cues.

What are the important nonverbal cues related to the communication among cross-cultural teams?

  • Body contact – This refers to the hand gestures (intended / unintended), embracing, hugging, kissing, thumping on the shoulder, firmness of handshakes, etc.

  • Interpersonal distance – This is about the physical distance between two or more individuals. 18″ is considered an intimate distance, 18″ to 4′ is treated as personal distance, 4′ to 8′ is the acceptable social distance, and 8′ is considered as the public distance.

  • Artifacts – This refers to the use of tie pins, jewelry, and so on.

  • Para-language – This is about the speech rate, pitch, and loudness.

  • Cosmetics – This is about the use powder, fragrance, deodorants, etc.

  • Time symbolism – This is about the appropriateness of time. For example, when is the proper time to call, when to start, when to finish, etc. because different countries are in different time zones.

Epilogue

“Cross-cultural challenges in international business management”, has become a keenly followed topic in last two decades. There are enough examples of business failures or stagnation or failure of joint ventures, on account of the management’s inability to recognize cross-cultural challenges and tackle them appropriately. There are also examples of companies having compulsory training on culture management or acculturation programs for employees being sent abroad as or hired from other countries, to ensure that cross-challenges are tackled effectively.

The world is becoming smaller day-by-day and therefore, managers involved in the international businesses will have to become more sensitive to the challenges emanating from the cultural and ethnic landscape of the countries they work in.

Selecting the Best Business Management

For many people who graduated from colleges with a plain Bachelor’s or Master’s degree feel undervalued compared to their peers & colleagues who opted for a Business Management degree from a reputed business school. It may not seem so big, but the top management of many of the biggest companies and organizations do value those who have a business management degree.

Excellent Management Training

Fortunately, it’s observed that it’s never too late to do a full-fledged business management course and there are hundreds of business schools which offer this course. However, it’s noted that getting this degree from any school may not help you in the long run; the name of the school and its ranking in the country play a very important part. This is why there is such a demand for seats at the top Indian Institute of Management schools all over the world. The training received by potential students in business management as well as other specialties dealing with business management gives you the best opportunity of moving up the corporate ladder or finding a more suitable and well-paid job.

Basic Admission Requirements

For admission in a top management Institute, one would have to apply through the different exams held in the country; these include Common Admission Test, the Management Aptitude Test, Xavier Aptitude Test, the Graduate Management Aptitude Test and the Common Management Aptitude Test. The cut-off percentage for students applying is above 50{704ab8bb6b6da934fc7611b8f49156f09d417d273c533fa7e522933f5606e59d}, but students who are in the last year of graduation can also apply for admission along with the students who can get admission through the seat reserved for the management or by sponsorship from some of the big business houses. With the economic situation improving, there is a very huge need for well-trained management executives and this has led to the rise in the number of business schools in the country.

Matching Education Qualities

The industry requires well-qualified business management graduates and those who can afford it send their wards to the best business schools abroad, but you can get the same quality training from a good and reputed business school with excellent core faculty members as well as expert visiting professors. One of the reasons these institutions are doing well is that they are willing to invest a lot of money to get the best professors & build excellent research and development centers. Their curriculum matches with what they teach at international business schools to make sure that their students do not miss out on any of the latest developments in the business world.

What Features Should I Look For In Business

Business management software is an incredibly important feature of your business, as it helps streamline and organize your daily tasks, allowing you to focus on the more important aspects of your business. With so much of your daily operations interacting with your software, it is important to ensure that the software you select can manage all of these areas efficiently. Thus, it is important for your business management software to have these following features to ensure that your entire business is being organized.

Customer Manager: Having business management software that can handle organizing all of your contacts is an essential feature, as it provides you with one central database to find all of your customers and their information. Managing all of your contacts on sticky notes and pieces of paper is disorganized, and oftentimes phone numbers and addresses are lost in the chaos. By inputting all of your contacts information into one area, this ensures that no contact is lost and helping you stay in control of your potential business opportunities.

Accounting: Business management software that is capable of keeping track of your account receivables creates fewer headaches during tax season. It allows you to assess the financial health of your business, giving you a clear indication as to where you’re losing money and what aspects of your business you need to improve in order to maximize growth and profitability of your business.

Invoice Manager: Providing invoices on pieces of paper is an inefficient and disorganized way of running your business, as you have no way of tracking what price you gave to which customer. By using business software that can manage invoices, you can keep track of all of your completed jobs and what customers still owe you money.

Scheduling: As a small business owner, your time is incredibly valuable to the success of your business – more jobs means more work which means more money in your pocket. Having a scheduling component in your software allows you to manage your time more efficiently, instead of worrying about double-booking jobs and scrambling from one site to the next.

Being a small business owner is no easy task, as you are required to manage a variety of different tasks over the course of the day. However, a good business management software is able to help your organize these tasks, making them more manageable and less time-consuming. This will allow you the freedom to focus on what’s most important for you and your business.

Effective Business Management

What is Business Management?

Business management, in simple terms, is the managing of a business or company. To delve a bit below the surface, business management is a broad field that trains people for managerial roles in technology, retail, government and other sectors.

Why Should It Be Improved?

Improving the way a business is managed is highly beneficial. But why? For starters, those who manage a company will know all too well how imperative it is to manage the activities well. The management can vary from providing insight to business plans, ensuring a productive working environment, to overseeing business events. Because business management can cover such a large range of the field, it is highly advantageous to develop a great method to ‘manage’ business management.

How Do We Improve Business Management?

There are certain social and technical skills involved with business management. These can be improved upon with the duration of time. However, there exists another aspect of management: equipment. Now what is meant by ‘equipment?’ By equipment, I mean tools such as custom software, electronic documentation, GPS tracking, and much more. These ‘tools’ are great weapons to provide a much more efficient management of business.

Here’s How It Works

Through the use of various software, your business management can see improvement. What the software does is allow you to focus on more pressing matters at hand. By having a software handle the bulk of simple clerical work, less effort is required to oversee those employees. In turn, those employees who work with clerical tasks will operate at a much more efficient rate. This could potentially allow for a decrease in labor pertaining to clerical work, which could then lead to more room for specialized workers. This would ultimately benefit the company overall.

An example scenario of this occurring is basic inventory. Many clerical workers are required to do some form of inventory. With the use of cloud software and an inventory management program, clerical workers can complete such tasks with great speed and ease, resulting in a more efficient state of operation. The same can apply to electronic documentation. By sending, receiving, and editing documents at blistering speeds and convenience, operations will be made significantly more efficient.

Another tool to utilize in management is what we refer to as a Customer Relationship Management or CRM for short. This software system allows the company to, in a nutshell, handle relations with customers without exerting too much effort. Because the customer is so highly valued, a CRM can greatly reduce workload for you and your employees by handling current and future clients. This allows time and energy to be conserved for instances where much greater attention is required.

Implementing a Reputation Management System will greatly benefit business management as well. These types of software systems allow for a company to either maintain or improve the image and reputation of the company. With this system in play, company owners can focus less on tending to their organization’s face and more on managing the actual company, thereby improving focus.

Conclusion

Business Management can be improved in a variety of ways. One effective way is by tackling it head on using various tools, or in this case, software programs. These programs will aid greatly in the management and expansion of a company, regardless of the size. By improving the managing of business, your company will certainly prosper.